New bullion coin from Spain

[sori]

New bullion coin from Spain

The Fábrica Nacional de Moneda Timbre Real Casa de la Moneda planned to launch the first Spanish bullion coin on Dec. 1The Reverse Proof 1-ounce .999 fine gold coin is denominated €1.5, an unusually low denomination for a gold bullion coin of the world.The reverse depicts the head of an Iberian lynx. In addition, the face value (€1.5) appears, with the year date of issue (2021) and the crowned symbol of the Spanish Mint.The coin’s obverse features imagery borrowed from the famous Spanish silver “piece of eight” coin, which circulated around the globe for more than two centuries.The 2021 coin appropriates the Pillars of Hercules design that represents the two hemispheres meeting, with two globes crowned over the seas, and the legend PLVS VLTRA appearing on ribbons mounted on opposite pillars.Legends identify Spain’s current monarch, Felipe VI, and the coin’s weight and fineness.

The coin weighs 31.21 grams and measures 37 millimeters in diameter. The inaugural issue has a mintage limit of 12,000 coins, each delivered encapsulated.

Here a review of the coin.  The video is not made by me.

 

Edited December 10, 2021 by sori

[SilverStorm]

Looks like an interesting gold coin, thanks for sharing!

[Happypanda88]

Thanks for sharing 👍    Welcome to the forum 🤗

[modofantasma]

Cool, thanks for sharing 

[daca]

@sori interesting coin, Thx for sharing.

Any news on the retail price?

[sori]

The price will be Spot+10% for this first year.

[SilverStorm]

I wonder which online bullion dealer will sell this coin?  🤔

[sori]

3 hours ago, SilverStorm said:

I wonder which online bullion dealer will sell this coin?  🤔

The online german company Degussa is selding the money right now, he has a online shop in english. The online shop of the FNMT will sell the coin from 1st december https://tienda.fnmt.es/fnmttv/

And there are other sellers also, for sure. The problem is that there are only 12000 coins this first year.

Spanish collectors thinks that if this coin is successful, the first edition of 2021 will go up in price in the future.

[Sovstacker]

Interesting! Lets see the premium...

Thanks for sharing. 

[Cornishfarmer]

Is it a private mint?    1,5 euro seems a very low amount on a 1oz gold coin 

[CollectForFun]

18 minutes ago, Cornishfarmer said:

Is it a private mint?    1,5 euro seems a very low amount on a 1oz gold coin 

It's the Spanish Royal Mint. And the denomination is a joke. Of course denomination on buillon coins does not really matter as such, but how do they want to create a valuable and sought after coin if the first perception you get is seeing 1,5 euro value? Not good decision in my opinion...

[RDHC]

30 minutes ago, Cornishfarmer said:

Is it a private mint?    1,5 euro seems a very low amount on a 1oz gold coin 

That seems rather a good question. It doesn't look anything like traditional Spanish coins. Not that I am an expert on the modern ones: my knowledge starts in the mid 18th century and ends in the late 19th century.

[sori]

2 hours ago, Cornishfarmer said:

Is it a private mint?    1,5 euro seems a very low amount on a 1oz gold coin 

The FNMT is the official Spanish Royal Mint. There has been controversy over the value of 1.5 euros, the explanation given by the FNMT is that by Spanish law, it has to deliver to the Bank of Spain the same amount in euros that is indicated in each currency it issues. If the coin is worth 100, it gives the Bank of Spain 100 euros, if it is worth 1.5 it gives it 1.5. In this case, the value of the currency is determined by its weight in gold and not by the face value and the FNMT has chosen a very low value to make it clear that it is only a symbolic value. I did not like it, but that was the decision of the FNMT.

Do you know the Money Heist series? In this series, the most watched of its time on Netflix, thieves rob the FNMT. https://en.wikipedia.org/wiki/Money_Heist

The FNMT web site: https://www.fnmt.es/en/home

[sori]

 

Here is an official video where you can see how they make the coin by hand to give it Reverse Proof quality. The video is in Spanish, but it can be translated into English automatically on YouTube

 

[Centauri167]

4 hours ago, Cornishfarmer said:

Is it a private mint?    1,5 euro seems a very low amount on a 1oz gold coin 

I had the same idea, that's the amount for a silver coin ...

[SilverStorm]

32 minutes ago, Centauri167 said:

I had the same idea, that's the amount for a silver coin ...

Maybe it’s a marketing gimmick to get people to talk about it and buy?  🤷‍♂️

[Centauri167]

8 minutes ago, SilverStorm said:

Maybe it’s a marketing gimmick to get people to talk about it and buy?  🤷‍♂️

Marketing it is 100%, a new member and all his postings are about this coin ...

For me it is a big NO GO, but that is just my opinion.

[Happypanda88]

.....but a nice coin nevertheless! If as the OP says, priced at spot plus 10% premium is tempting 😬

[JJH]

In the video2:27
Is the bounce power at the moment when the coin imprinting is complete...
Or is it normal, but my fantasy has always been that they picked it up carefully...🤣🤣🤣🤣

[AgCoyote]

Looks very nice. The history of Spain, dating back to the Carthaginians and Romans to exploring the New World ,has been shaped by precious metals more than any other country. It's about time the Spanish had a bullion coin. I would love to see more variety than the mints we have(Hoping for Swiss, Italian, Japanese to make bullion coins and for the Russians to be more active) The pieces of eight design is so beautiful and iconic.

Will this be available to US investors and will there be a silver version?

Edited December 1, 2021 by AgCoyote

[JJH]

1 hour ago, AgCoyote said:

Looks very nice. The history of Spain, dating back to the Carthaginians and Romans to exploring the New World ,has been shaped by precious metals more than any other country. It's about time the Spanish had a bullion coin. I would love to see more variety than the mints we have(Hoping for Swiss, Italian, Japanese to make bullion coins and for the Russians to be more active) The pieces of eight design is so beautiful and iconic.

Will this be available to US investors and will there be a silver version?

I have many Japanese gold coins
But except for some special occasions such as EXPO 311 earthquake treasury bonds, Olympics, etc., they are issued almost every 10 years, so you can’t expect them to be more.

[sori]

9 hours ago, Centauri167 said:

Marketing it is 100%, a new member and all his postings are about this coin ...

For me it is a big NO GO, but that is just my opinion.

 I am not the FNMT, I am a normal user and I have registered in the fórum and I have opened this thread because I want to know the oppinions of investors in gold from other countries. I already know what the Spanish investors thinks

Edited December 1, 2021 by sori

[sjhdesmond]

Es una moneda linda, pero tiene un valor muy estraño. 

[sori]

7 hours ago, AgCoyote said:

Looks very nice. The history of Spain, dating back to the Carthaginians and Romans to exploring the New World ,has been shaped by precious metals more than any other country. It's about time the Spanish had a bullion coin. I would love to see more variety than the mints we have(Hoping for Swiss, Italian, Japanese to make bullion coins and for the Russians to be more active) The pieces of eight design is so beautiful and iconic.

Will this be available to US investors and will there be a silver version?

I do not know, I suppose that if you order them from a seller in the United States, he can get it, since the sale is free.You can buy online also. The problem is that the first edition only has 12,000 copies.
If successful, it will be end soon and I think that is the intention of the fnmt.

I Don’t know about Silver versión,not this year for sure.
sorry, I'm copying Google Translator in my cell phone and it writes me very large font

Edited December 1, 2021 by sori

[sori]

23 minutes ago, sjhdesmond said:

Es una moneda linda, pero tiene un valor muy estraño. 

Sí, es cierto, pero piensa que el valor real es el valor del oro. A mi me preocupa más si se revalorizará con el tiempo esta primera edición.