The Royal Mint has sold one of the largest and most expensive coins ever produced in Britain for an undisclosed sum.
The 10-kilo solid gold “Masterwork” coin carries a £10,000 denomination and took over 400 hours to produce, including four days of polishing.
At yesterday’s prices, the value of the precious metal in its 10-kilogram coin form was £411,740. However, it likely sold for hundreds of thousands of pounds more than this. The Mint did not confirm its sale price.
The markup for the smaller gold coins in the Mint’s range varies, from 54pc on the material value of its one-kilogram gold coin, which retails at £63,380, to 80pc on its one-ounce piece to £2,315.
The coin marks the conclusion of the “Queen’s Beasts” commemorative collection. They represent the 10 animal statues created to form a guard of honour at the entrance to Westminster Abbey at the Queen’s coronation.
The beasts represent the history of the Hanoverian family and include a Griffin, a Greyhound, and a Lion. The 10-kilo “Masterwork” coin is part of a series featuring all 10 beasts on one side, which are available in a range of finishes and denominations starting from £13.
The Royal Mint’s Clare Maclennan said, “The Queen’s Beasts commemorative coin collection has grown in popularity since the first beast was introduced in 2017 and has become a firm favourite amongst coin collectors across the globe.
“This coin sets a new standard for minting – combining centuries-old techniques with innovative technology to create a unique and beautiful work of art.”