Momentous Diamond Jubilee celebrations finally here

After years of preparation and planning, Britain is about to celebrate the first Diamond Jubilee of a monarch since that of Queen Victoria in 1897, with four days of official celebrations.

Queen Elizabeth II’s Diamond Jubilee celebrations promise to attract the attention of the world with events such as the Thames Royal Pageant, street parties across the British Isles and the Queen’s Royal Procession.

Since last year we have been reporting on the rapidly increasing interest within the numismatic market for Diamond Jubilee issues, as collectors have recognized how such an historic event has driven extraordinary demand, as was certainly the case for the Queen’s Golden Jubilee in 2002.

This demand has seen a number of these coins minted in celebration of the Diamond Jubilee sell out months in advance of the actual celebrations that are now upon us, such as the Perth Mint 2oz Gold Proof Coin in December 2011 and the Royal Mint 2012 Gold Proof Sovereign at the beginning of this year.

As attention on the celebrations in the media has reached fever pitch, we continue to witness numismatic sell outs, with the Royal Canadian Mint’s High-Relief $50 Gold Proof Coin and the $20 Diamond Jubilee Silver coin both selling out in recent weeks.

The expectation is that the momentum behind Diamond Jubilee issues will continue beyond this official weekend of celebrations as more sell outs are created.  Furthermore, with new pieces expected in the coming months for the Coronation anniversary in 2013, it would seem that demand is sure to remain high within the market.

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