Like many other mints, the Royal Mint issues bullion coins in precious metals, having much higher intrinsic value than their face value. The five ounces (5 oz) gold coins are denominated as either ten pounds (£10) or five hundred pounds (£500).
The coins are legal tender but are not intended for circulation. They are targeted at bullion investors or collectors who appreciate the special editions as pieces of art. The coins are typically "one-year" types usually issued in parallel with smaller denominations with the same reverse designs.
This commemorative five ounce gold coin marks the 50th anniversary of the death of Sir Winston Churchill.
Sir Winston Leonard Spencer-Churchill (1874 - 1965) was a British politician, army officer, and writer. He was the Prime Minister of the United Kingdom from 1940 to 1945, when he led Britain to victory in the Second World War, and again from 1951 to 1955. Widely considered one of the 20th century's most significant figures, Churchill remains popular in Britain and throughout the West, where he is seen as a victorious wartime leader who played an important role in defending Europe's liberal democracy from the spread of fascism. Praised as a social reformer and accomplished writer, among his many awards was the Nobel Prize in Literature.
The reverse design is reminiscent of the 1965 commemorative crown coin issued immediately after Churchill's death. |