Today the Royal Mint has announced the release of the new United Kingdom £5 coin to mark the Diamond Jubilee of Queen Elizabeth II in 2012. This is the first Diamond Jubilee coin minted in the UK for any monarch, as we reported back in August.
The obverse features a new portrait of Queen Elizabeth II by Ian Rank-Broadley, who created the design that has featured on UK coinage since 1997. This is inspired by the sculpture of the Queen by Ian Rank-Broadley mounted in the entrance to the Supreme Court building on Parliament Square.
On the reverse of the coin, there is a brand new design by the same sculptor that is adapted from Mary Gillick’s effigy of the newly crowned Queen, featuring an olive branch and ribbon below. This was first used on United Kingdom coins from 1953 and itself draws inspiration from the official Royal Mint medal that was issued for the Diamond Jubilee of Queen Victoria in 1897.
Whilst this historic coin has been initially made available in cupro-nickel, no doubt we can look forward to versions of it being minted in proof silver, gold and possibly even platinum over the year ahead that will appeal to precious metal enthusiasts and collectors alike.