On 6th February 2017 Her Majesty Queen Elizabeth II celebrated her Sapphire Jubilee, becoming the first ever British monarch to reign for 65 years.
The Royal Mint produced a range of Proof commemorative coins struck in silver and gold to mark the occasion.
Securing one of these commemorative coins will prove difficult however, with all Proof coins completely sold out within a week of the anniversary.
So why are these Jubilee commemorative issues so popular?
The Queen’s Jubilee anniversaries have become a collecting phenomenon as collectors celebrate Her Majesty’s record-breaking reign.
But the coins for this year’s Sapphire Jubilee are especially scarce and you only need to look back 5 years to her Diamond Jubilee to understand why.
90% edition limit reduction
The Royal Mint’s £5 Silver Proof Coin for the Queen’s Diamond Jubilee had an edition limit of 75,000 coins.
Now, in 2017, they set the edition limit for the Sapphire Jubilee £5 Silver Proof Coin at just 8,000 coins – almost 90% lower. The sell-out was inevitable, although the speed of it surprised many, leaving lots of collectors disappointed.
And this scenario was repeated across all Sapphire Jubilee Proof coins:
The result of those edition limit reductions, coupled with the popularity of the collecting theme, was sell-outs across the board.
Collectors who missed out on these coins from The Royal Mint now face a battle to secure one and, if history has taught us anything, this will push the prices up on the secondary market.
Still available from Coin Portfolio Management –
The SOLD OUT Sapphire Jubilee Silver Proof £5
If you would like to secure the scarce Silver Proof £5 issued – and sold out – by The Royal Mint to commemorate Her Majesty’s Sapphire Jubilee, Coin Portfolio Management has very limited stocks available. Don’t miss what could be your last chance to add this sold out coin to your Portfolio.