Silver Kilo 2018 Sapphire Jubilee, Coin from United Kingdom - detailed information

Like many other mints, the Royal Mint issues bullion coins in precious metals, having much higher intrinsic value than their face value. Most of these by tradition are measured in troy ounces of fractions thereof, but the mint also introduced metric coins measuring one kilogram of pure metal (they are actually fractionally heavier as a whole, to account for the small amount of other metal in the alloy).

The 1 kg silver coins are denominated as Five Hundred Pounds (£500), although their intrinsic (bullion) value is much higher than their face value. The coins vary in design depending on the occasion (they are "one-year" types usually issued in parallel with smaller denominations with the same reverse designs).

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.

This commemorative coin celebrates the Sapphire Jubilee (65th anniversary) of the coronation of Queen Elizabeth II.

The Royal Mint says:
"65 years ago, in June 1953, the coronation of Her Majesty Queen was shared and celebrated by millions of people around the world. From the fans who lined the streets of London on that wet Tuesday morning to the families who gathered around their television sets from Manchester to Montreal, it was a day that touched millions of hearts. Some of the ways it was celebrated remain with us to this day.

Acorns from oak trees in Windsor Great Park were sent to parks and gardens across the Commonwealth to grow into what are now mighty oaks themselves. And from the pre-decimal shillings of 1953 to this grand kilo, the nation’s coins have grown too. First introduced for the London 2012 Olympic Games, the kilo coin has become synonymous with important occasions. This 100mm fine silver edition displays Dominique Evans’ new design at its finest, its Proof finish highlighting every symbolic detail of The Queen sat beneath the vaulted ceiling of Westminster Abbey. It is presented in a Royal Mint case with a certificate that guarantees its authenticity."