Following on Britain's ;landmark decision, last week, to exit the European Union, the Cook Islands issued a commemorative silver coin to mark the event. The coin was a resounding success and sold out at the mint in about two days.
It should then probably not come as much surprise then that the decision was taken to follow the release of the silver coin with two additional coins of a similar design, only this time in gold. The full WNN review of the silver Brexit coin can be viewed HERE. The two gold coins again make use of the Coin Investment Trust's smartminting Technology, only this time a derivative that they are calling BGM, or Big Gold Minting. This allows for relatively high or normal relief coins to be struck on increasingly thinner, and resultantly lighter, gold rounds.
The first coin in this release is again a 26mm coin, only this time in gold instead of silver. The BGM process allows for only 1/10oz of gold to be used to strike a 26mm(1.024inch) coin with normal relief.
The reverse of the coin features an outline map of most of western Europe on the right. To the left is an enlarged outline of the United Kingdom that has been selectively colourized using the colours of the Union Jack. “JUNE 23,2016” is inscribed along the rim to the left, with a curved arrow pointing in a clockwise direction. In large letters at the very top of the reverse design of this coin the word “BREXIT” appears.
The obverse features the right facing, crowned Ian Rank-Broadley effigy, who's initial “IRB” appear in small letters just below the portrait, of HM Queen Elizabeth II. The obverse legend indicated the denomination, country and date of issue and reads: “ELIZABETH II”, “20 DOLLAR”, “COOK ISLANDS” and “2016” in a clockwise rotation along the rim.
The second coin is a smaller 5 Dollar gold coin measuring 11mm(0.433 inch) and only weighing 0.5gram. The design of this $5 gold coin is essentially the same as the two 26mm coins with the exception that the map outline of Britain is not colour treated. The obverse legend has also been altered slightly to accommodate the smaller planchet. The date has been removed leaving only the date on the reverse, and the rest of the obverse legend re-arranged to fit the smaller spacing.
Both coins are released in proof quality if the silver coin is anything to judge by they are sure to sell fast. The 1/10oz $20 gold coin has a special limited mintage of only 2016 coins while the smaller $5 gold coin has a more considerable mintage of 10 000 coins. The coins have already been spotted at various dealers for around €230.00(US$270.00) for the $20 coin and €40.00(US$45.00) for the smaller $5 coin.
You can view all of the Cook Island Brexit coins in the WNN Gallery Section HERE