Britain showed itself as a nation of nostalgic coin lovers as the release of the new Peter Rabbit Silver Proof 50p brought the numismatic net to a standstill.
At one point The Royal Mint had over 50,000 people in a queue to access its website and The Westminster Collection also saw record traffic – with all hands on deck to keep the servers running.
All available Peter Rabbit coins were sold out before the newspapers even ran a story – and collectors who got in early were left feeling like they won the lottery.
30,000 coins gone in just a few hours
The pandemonium echoed the release of the 2016 Peter Rabbit 50p, which also caused a collecting frenzy but was limited to 15,000 coins. This year’s issue has an edition limit of 30,000 but the demand was also amplified.
The coin was fully allocated across the board by 4pm, but the queues were still long as collectors changed their focus to the Brilliant Uncirculated editions of the coin. Savvy buyers were desperate to bag what will go down in history as one of the UK’s most sought-after coins.
Beatrix Potter coins are big news
The lucky few that secured the 2016 coin for £55 now own a coin that changes hands for up to £400 on Ebay. This year’s coin has already started appearing in auctions, and whatever happens it looks like the £60 retail price will turn out to be a bargain.
Undoubtedly a few speculators got in there but with demand so high it was literally first come, first served – leveling the playing field and making getting a coin a real achievement for anyone.
Did you manage to secure a 2017 Peter Rabbit Silver Proof 50p? If you were one of the lucky ones, let us know in the comments!
We still have stock of the collector edition Certified Brilliant Uncirculated 2017 Peter Rabbit 50p available. Click here now to secure yours – you will also have the chance to pre-order the other three coins in the series.
29 February 2016 – the release date of the Peter Rabbit 50p – will go down in the record books as one of the most remarkable days in coin collecting history.
Because in just a few days all 15,000 coloured Silver Proof Peter Rabbit 50ps had SOLD OUT – making it the fastest selling and most popular Silver UK 50p coin EVER.
And they could have sold more – thousands of collectors were left disappointed. Nowadays, on the rare occasion a coin comes up for sale, it will go for around £400 on Ebay. Not a bad return for a coin that originally cost £55!
WIN this Peter Rabbit Coloured Silver 50p!
Now, one year on, we have managed to get hold of one of these ultra-rare coins in pristine condition (with all original packaging) and here’s how you can WIN it…
Simply enter your details below and we will draw one luck winner out of the hat on 5 April 2017. It’s that easy – so good luck and fingers crossed!
Unfortunately the competition is now closed – the winner has been notified by email.
Terms & Conditions
1. No purchase is necessary to enter.
2. The draw will take place on 5 April and the winner will be notified on that day by email to the email address provided.
3. The winner will receive the “Peter Rabbit Coloured Silver 50p”. There is no cash alternative.
4. Participants agree to meet reasonable requests to assist publicity if required.
5. The prize draw is promoted by The Westminster Collection, trading division of 288 Group Ltd.
6. Employees of 288 Group and their families are not eligible to enter.
Bullion coins are some of the most sought-after coins in the world, often selling out and causing stock shortages at major national mints. So what do you get for your money? And why should you buy one?
Well the key reason most people purchase a bullion coin is the precious metal content. For example, the UK £2 Britannia coin contains an ounce of pure 999/1000 silver. Soon enough one coin turns into many and you can find yourself owning a sizeable amount of silver.
But these coins are not just lumps of metal. The silver Britannia is also a real piece of craftsmanship, with a beautifully evocative design struck with all the expertise of the Royal Mint.
Combine this craftsmanship with the silver content and you start to see just why this coin is so collectable.
But why is this any different from a silver bar, or a silver round?
UK bullion coins carry the authority and security of being a government issued coin. There is never any debate about their purity or integrity. In fact they are checked every year at a 734 year old ceremony called the Trial of the Pyx. You can buy one safely in the knowledge that you are getting what you pay for.
This also explains why bullion coins sometimes appear to have a ‘misleading’ face value. The Britannia is a £2 coin, but the silver content is worth much more than that. The truth is the face value is really there to legitimise the coin and prove that it is an official state-authorised issue.
And legal tender British bullion coins have a final bonus – they will never incur any Capital Gains Tax. This makes them the perfect way to pass down silver through the generations.
But you will have to pay VAT. And as with any struck coin, you will have to pay a small premium over the raw metal value to cover production costs. At the time of writing, raw silver is trading at around £10.50 an ounce, but you’d be hard pressed to find a way of buying a single ounce at that price.
Bullion coins facilitate an easy entry into the world of owning silver and coins. They are not about face value or edition limit, but you can still have the satisfaction of securing a collection of genuine, bona fide UK coins – at as close to the raw silver price as you are likely to get.
Top Tips for buying silver bullion coins:
- Pick a country with a strong tradition of issuing bullion coins
- Expect to pay a small premium over the intrinsic silver value
- Remember the face value of your chosen coin is not related to its value
- Buy British silver bullion coins and there’s no Capital Gains Tax to pay