Spain has released a new silver commemorative coin that celebrates 300 years since the creation of the Spanish postal service.
The Royal Spanish Mint(Fábrica Nacional de Moneda y Timbre) is releasing the 10 Euro silver coin to celebrate 300 years since the establishment of the postal service from 1716 to 2016.
The reverse design features the logo of the Spanish Post Office or “Correos” at the centre. The logo has been colorized in a golden yellow. The logo is surrounded with images symbolic of the postal service. To the top are two envelopes with ribbons flowing from behind them. To the bottom are two wings surrounding the 10 of “10 EURO”. The mintmark of the Royal Spanish Mint is depicted to the right. The legend is inscribed along the rim in a semi-circle and reads : “TERCER CENTENARIO DE CORREOS Y TELÉGRAFOS” which translates as : “TERCENTENARY OF POST AND TELEGRAPHS”. The reverse is completed by a decorative border along the rim that resembles the edge of a postage stamp.
The obverse features the left facing effigy of His Majesty King Don Felipe VI. The obverse legend is inscribed to the top along the rim and reads : “FELIPE VI REY DE ESPANA” and the date, “2016”, appears to the bottom.
The 10 Euro coin is struck from sterling silver (.925 Fineness) and weighs 27gram(0.868 oz) with a diameter Of 40mm(1.5748 Inch). The coin is issued encapsulated in a navy blue display case along with a numbered certificate of authenticity. A limited mintage of 7500 coins has been issued. The coin is available for €45.00(US$49.50) each.