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 75th anniversary of the Second World War.
The Royal Mint says: "After Victory in Europe (VE) Day, attention turned to the Far East where Japan still had to be defeated. The choice for the Allies was a grave one: launch a seaborne invasion at huge human cost or use the atomic capability now at their disposal. First Hiroshima and then Nagasaki were razed to the ground, forcing Japan to surrender. A war that had raged for six years, claimed millions of lives and brought suffering to entire populations was finally at an end.
Prime Minister Clement Attlee announced the news at midnight on 14 August, declaring a two-day public holiday beginning with Victory over Japan (VJ) Day. Up and down the country bonfires were lit and street parties were held as people joined together in celebration; the process of reconciliation and rebuilding could finally begin.
Seventy-five years on we recall one of the most important moments in history with a commemorative coin. Designers Matt Dent and Christian Davies capture the magnitude of events with a design inspired by stone inscriptions on war memorials. The typographic intersection of the words ‘war’ and ‘peace’ captures the sense of the conflict abating and the dawn of a new era."
The designers explain: "We wanted the design to evoke the same feelings a memorial would, serving as a focus for remembering one of the most significant moments of the recent past. If you look closely, you can see the typography takes inspiration from classical v-cut lettering often found inscribed in stone - just like on war memorials - and the coin’s surface is subtly textured like solid rock.
The design is based around a typographic intersection between the words ‘war’ and ‘peace’. The design is structured so that the word ‘peace’ dominates the word ‘war’, suggesting that the horror of war has abated and a new era of peace has arrived.” |