Britain’s decision to leave the European Union is a first, and the financial markets have reacted like they always do when something new happens. The investors that are scared sell, and the investors that know that they will be bargains, stick around and buy assets at very low prices. The biggest winners from the Brexit vote are gold and silver. Those markets went crazy after the vote, and according to financial specialists like Philip Diehl, the President of the U.S. Money Reserve, gold is going to continue to increase in value for at least the next 18 months. The Royal Mint decided to take advantage of the new gold rush by minting a new £20 gold coin. The Brexit gold coin is a work of art according to Diehl, and at the current price, it’s a steal for investors that are in the know.
The U.S. Money Reserve is one of the largest distributors or rare gold and silver coins in the United States. Phil Diehl came to the U.S. Money Reserve from his last government post which was the director of the United States Mint. Mr. Diehl is the person that help develop the 50-state quarter program. The 50-state quarter program is one of the most successful coin mintage in recent Mint history, and it looks like the Brits have produced a winner of their own when they decided to produce the Brexit gold coin.
The Royal Mint also produced a .9999 fine gold £5 gold coin along with the .9999 fine gold £20 coin. The mint also produced two silver coins in the same denominations. Each coin has an outline of the United Kingdom and the Union Jack Flag which is opposite continental Europe. The coins also have the date June 23, 2016, inscribed on them, according to Mr. Diehl.
Diehl also said the gold £5 piece weighs 0.5 gram, and its diameter is 11 millimeters. Only 10,000 were minted. The gold £20 coin weighs 3.1 grams, and its diameter is 26 millimeters. The mint only produced 2,016 of that coin. People that never collected coins are buying these new gold coins because the value of gold continues to climb. Investors are adding the coins to their investment portfolios, and collectors are adding them to their rare coin collection. The U.S. Money Reserve has coins available, and Diehl thinks the £20 coin won’t last long.