Silver Bullion Series and Gold Coin Bullion Series

Silver Bullion Series and Gold Coin Bullion Series

Eastern Caribbean Silver Bullion Series and Gold Bullion Series

A new silver bullion series is being released by the eastern Caribbean States, also known as the EC8.  The first coin has a gold bullion counterpart.  The news on the coins indicates that there is to be a gold bullion release of coins with the same images.

 

One thing that has been announced is that these series will have a total of thirty-two designs each.  So, expect thirty-two new silver bullion coins to be released via this series.  There will be four silver bullion coins for each of the eight Eastern Caribbean States.  And there will be an equal number of gold bullion coins released.  This means there will be a total of thirty-two coins for each metal.

 

The Eastern Caribbean States

The Eight Participants

There are eight Eastern Caribbean States, all of which are formally part of the United Kingdom, and now are part of the Commonwealth.  They are Antigua and Barbuda, Commonwealth of Dominica, Grenada, Montserrat, Saint Kitts and Nevis, Saint Lucia, and Saint Vincent and the Grenadines.  These island nations have a common currency, administered by the Eastern Caribbean Central Bank.  This is a common currency for the region, much like the Euro is in Europe.

 

The denomination of this currency is the Eastern Caribbean dollar.

 

The First Release of the Silver Bullion Series

Rum Runner

The first coin of the silver bullion series and its companion gold coin have now been released.  The coin design is beautiful featuring an eighteenth century pirate ship sailing ship leaving port, and casks of rum on the dock along with a bottle, presumed to be of rum.  The first coin is for Antigua and Barbuda.

 



Silver Bullion Series

The Silver Bullion Series of the Eastern Caribbean States

The coin, and it is expected all coins of the series, was minted at the Scottsdale Mint.  The mintage of the first silver bullion coin is twenty-five thousand pieces.  The coin is minted to the specifications of one ounce of 0.999 pure silver.  The denomination of each coin is two Eastern Caribbean dollars.  These specifications are likely to be the same for the entire series.

 

The Second Silver Bullion Series Coin

The Brown Pelican

The second coin that will soon be released is the Brown Pelican.  The specifications are the same as those for the Rum Runner silver coin.  This is the first of the four silver bullion coins for Saint Kitts and Nevis.

 



The Obverse

The Queen

As is the case for many countries in the Commonwealth, the obverse of the coins is the effigy of Queen Elizabeth II.

 

The Gold Bullion Coin

The Details

The gold bullion coins are to be one Troy ounce of 0.9999 fine gold each, which is twenty-four Karat gold.   Mintage for the first coin in the series is limited to five hundred pieces.  It is likely this mintage will be the same for each gold coin issued.

 



The Proof Version

The Colorized Coin

Each of the issued is expected to have a collectible proof coin which is selectively colorized.  The first coin, and probably the remainder of the coins, has a limited mintage of two thousand five hundred pieces.  The proof coins are also one Troy ounce each, and are minted in 0.999 fine silver.  Each of these coins comes in a protective capsule, and is accompanied by a certificate of authenticity.

 



Silver Bullion Series, Gold Bullion Series, and Proof Silver Coins

Conclusion

This will be a massive release of coin designs, and mintage is being kept low.  There is good reason to include these coins in a collection, since they have a numismatic value potential and are an easy way to own precious metals.

For more articles on bullion coins look here.

Please visit Black Spaniel Gallery Coins to see out inventory.  Also, we have other informative articles, and will continue to add articles at Black Spaniel Gallery Blog.

 

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