Silver Ounce 2014 Year of the Horse, 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. The one ounce (1 oz) silver coins are denominated as either two pounds (£2) or five pounds (£5), depending on the occasion.

Initially, these were only of the Britannia type, but in 2015 the Royal Mint started to use the format for coins with other types of reverse designs, celebrating various aspects of British heritage.

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 2014 Year of the Horse bullion coins were the first in the Royal Mint's Shēngxiào Collection - a coin series dedicated to the Chinese Lunar calendar.

As the mint says:
"For centuries The Royal Mint has drawn upon its unrivalled heritage, experience, and craftsmanship to evolve and meet the needs of an ever-changing market. In 2014 we struck the United Kingdom’s first Chinese Lunar coins, introducing a new series and a United Kingdom first. The Shēngxiào Collection, named to honour the Chinese zodiac, is a celebration of the UK’s diverse multi-cultural society. At Chinese New Year, gifts and tokens are exchanged, particularly the gift of money in red envelopes, symbolising good wishes for the recipient’s health, wealth and prosperity. These Lunar coins from The Royal Mint embrace this globally observed tradition, lending a unique British angle to an ancient tradition."

The coins were issued as "bullion" (Brilliant Uncirculated grade), as well as proofs for collectors.