Like many other mints, the Royal Mint issues bullion coins in precious metals, having much higher intrinsic value than their face value. The one-fortieth ounce (1/40 oz) gold coins are denominated as Fifty Pence (50p) and have been issued since 2014.
These tiny coins are legal tender but are not intended for circulation. They are targeted at collectors who appreciate the special editions as pieces of art. The coins are typically "one-year" types usually issued in parallel with other denominations with the same reverse designs.
This commemorative fortieth-ounce gold coin is part of a Royal Mint range featuring childhood story characters, and marks 15 years of Zog.
Zog is a 2010 children's picture book by Julia Donaldson and illustrated by Axel Scheffler, about a young accident-prone dragon named Zog, who wants to be the best student in dragon school. |