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Royal Mint's L50 coin is worth less than L10 by metal content
By Kyle Caldwell
The Telegraph, London
Friday, December 4, 2015
A new L50 coin has been made available by Royal Mint to celebrate the Queen's becoming the nation's longest-reigning monarch.
The silver coin is being sold at face value. Demand is limited, with just 100,000 available.
Royal Mint expects it be as popular as others it has previously sold at face value. Coins such as this are normally sold at higher prices to reflect their commemorative value.
Its L20 coin, made available at face value and marking the birth of Prince George in 2013, sold out within days. The Big Ben L100 coin also proved popular and sold out after just 11 days earlier this year.
As with other commemorative coins, such as those launched to celebrate Princess Charlotte's birth, the value of the L50 coin's precious metal content is not worth the purchase price. ...
... For the remainder of the report:
http://www.telegraph.co.uk/finance/personalfinance/investing/12032902/Ro...
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