On June 23rd, citizens of the United Kingdom had a referendum. This was significant even to the history of the European Union and also the United Kingdom. The vote would determine whether the United Kingdom would leave the European Union. This has greatly affected the money market and the stocks. Following the changes, the Brexit gold coin was introduced. There will be one silver coin and two gold coins with different values from the Cook Islands.
Coin Invest Trust, a private company, based in Lichtenstein is in charge of the program. The .999 fine silver coins have a value of one dollar. The two .9999 fine gold coins are valued at $5 and $20. The three coins have an outline of the United Kingdom and opposite continental Europe. There is a flag of the Union Jack. On the other side, there is an image of Queen Elizabeth II. The coins also have June 23, 2016, inscribed on them. The word Brexit is also on the coins.
The silver coins which were reported to have been sold out by 5th August are 2,016 pieces. This is within the mintage limit. They weigh 3 grams and have a diameter of 2.6 centimeters. The $5 gold coin has a mintage limit of 10,000. It has a diameter of 11 millimeters and weighs 0.5 grams. The twenty gold coin with a mintage limit of 2,016 has a diameter of 26 millimeters and weighs about 3.1 grams. The $5 and $20 gold coins are being sold at $45 and $270 respectively.
Initially, only the silver coins were minted. After they had sold out, the gold coins were minted. The gold coins were made using the Smartminting Technology by the Coin Investment Trust. The specifically used the Big Gold Minting (BGM). Big Gold Minting is derived from the Smartminting Technology and allows for making coins in different sizes and thickness. Thus, the Brexit coins were lighter and thinner.
These coins are to mark Brexit. Brexit became a reality during a referendum in which 51.9% of the voters opted out of the European Union. The United Kingdom leaving the European Union is a slow process. It will involve many changes in both the politics and the economy of the country. The current Prime Minister of the United Kingdom Theresa May said that the process would be complete by March 2019.
The European Union had not previously dealt with the withdrawal of any country. According to the Treaty of the European Union, the constitution of the member state is the determinant of whether a country can leave or not. The country will, however, be a full member until two years after the notice to leave is given to the European Union.