‘The Queen of Hearts’
The most expensive coin is worth nearly £50,000, according to We Make Coins, the company that originally sold the gold coins to jewelers, but it is not known which.
The ‘Queen of Hearts’ coin was available to buy back in June 2016, with the suggested retail price ranging from £3,000 to £5,00.
Two ‘penny gold’ coins, in a fetching red and white design, were also available, with the same retail price of £3,000.
We Make Coins Image Caption The ‘Queen of Hearts’ coin, which dates to 1704, is the most valuable coin on the website check the gold price.
The US Mint would not confirm the actual value of the coin, which has reportedly sold for nearly £50,000, citing federal security regulations.
“We can tell you that there is no commercially available reference to the coin’s value, but as a general rule, the value of an 18-karat gold coin depends on the gold price and is directly related to the gold content,” said Tyler Morse, the owner of We Make Coins 18k Gold.
Andrew Baran, a senior numismatic officer at the Royal Mint, said “Gold coins are made with high-purity 99.9% gold, which gives them their appeal, and are not tamper-proof”.
“The weight and purity of gold is one of the most significant distinguishing factors between a gold coin and bullion, such as silver or platinum.
Mr. Morse said the value of the coin was unclear and was not disclosed to customers.
However, it is known that the UK Royal Mint doesn’t own the coin. It is on loan from the Perth Mint in Australia, which only started melting and selling the coin earlier this year.
Markham Lyde-Smith, managing director of the Perth Mint, said the “Queen of Hearts” coin is the “finest” type produced, with purity as high as 99.95%, and contains the purest gold the mint has ever seen.
“It’s difficult to determine a value for a coin like this. It’s so unique, and extremely precious – it’s worth is completely and totally unique,” he said.
The Perth Mint said it has made around 25,000 of the coins and is now making around 2,000 a day.
High prices for gold coins have become a source of concern to those who collect rare coins, and Mr. Morse said the new prices was a problem for the company.
“Customers get nervous when we start charging almost triple what it costs to produce the coin,” he said.
“It’s not healthy for the market for collectors. We are the ones putting money into it, not the government. We should be happy that more money is coming in, and the market should adjust accordingly.
“It’s good for us, but it’s not the best.”
A Perth Mint spokesperson said: “Perth Mint has an ongoing relationship with We Make Coins to resell their coins.
Perth Mint sells coins via a number of accredited dealers as a way to diversify the market and help fund some of the ongoing costs of the refining and assay work to ensure coins are fit for sale.
“The value of any coin sold by We Make Coins is determined by the prevailing gold spot price and by the Mint. Perth Mint would not comment on the value of a coin sold by We Make Coins.Check these oilprizes they also affect the rates of gold, silver & platinum.