Like many other mints, the Royal Mint issues bullion coins in precious metals, having much higher intrinsic value than their face value. The quarter ounce (1/4 oz) gold coins are denominated as Twenty-five Pounds (£25).
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 other denominations with the same reverse designs.
Designed in 2016 to mark 200 years since the de facto introduction of the gold standard - tying the value of the British pound to that of gold - the Gold Standard 2019 coin is an exclusive offering from Royal Mint Bullion. Featuring the work of Royal Mint graphic designer Dominique Evans on its reverse, and Jody Clark's official portrait of Her Majesty The Queen on the obverse, the Gold Standard coin is offered as a quarter-ounce bullion coin struck in 999.9 fine gold.
The Gold Standard was established in 1816 by the Coinage Act, which defined the value of gold sterling relative to gold. The implementation of the gold standard came as part of the same series of actions that saw the iconic Sovereign reintroduced after many years out of production. Long referred to as the "chief coin of the world", the (now decimal) Sovereign continues to serve as the highlight of many collections and is also available as a bullion coin.
The Royal Mint, of course, has been working with, storing and striking gold for hundreds and hundreds of years. And arguably the road to Britain’s official adoption of a gold standard stretches deep into that history - such as when Sir Isaac Newton issued a report that led to the gold "guinea" coin being assigned a fixed value.
Britain’s gold standard was written into law in 1821, with a number of countries soon following her lead, such as Canada, the United States and Germany. Ultimately, however, the United Kingdom's gold standard was abandoned in 1931, though some would like to see it return.
These gold quarter ounce coins are struck in Brilliant Uncirculated grade and are targeted at investors in precious metals. |