The new 15-cent coin that costs 212 euros

Gold is in fashion. The upward trend in the precious metal has been spurred by the health crisis, runaway inflation, and global geopolitical conflicts. Even so, it seems that central banks have seized the opportunity to release a whole series of special edition gold coins. Here is the latest coin to be released by the Bank of Spain.

 

The coin collecting hobby, known as numismatics, is in luck. In December 2021 the first gold bullion coin issued by the Royal Spanish Mint (FNMT) was put into circulation. Although it has a face value of 1.5 euros, its real value is determined by the price of gold at the time of sale, plus a 10% production cost.

The coin weighs one ounce of gold (31.10 grams) and is dedicated to the Iberian lynx, of which only 12,000 will be issued. It is intended for investors and collectors, so it is not legal tender.

This special edition coin is the first of a series of coins that the FNMT announced it would be introducing in the coming months, with the aim of minting more investment coins for numismatic enthusiasts.

Thus, last month the FNMT revealed that during the second quarter of 2022 it will also be possible to buy a new gold coin with a face value of 15 cents.

The Iberian lynx as the protagonist

The Iberian lynx has once again been chosen for the new gold coin, which has certain differences from the initial 1.5 euro coin. In this case, it will have a grooved edge instead of a smooth one and is made up of one-tenth of an ounce of gold, i.e. weighing 3.1 grams. This means that it is a much more affordable coin.

As for its price, it is still unknown. The FNMT website states that it will be determined at the time of the transaction by the price of physical gold transactions at that time plus a margin of 22% (as opposed to 10% in the previous case).

Therefore, although the retail price of the coin will be established at the time of the transaction, if we take into account the current price of gold and add 22%, the price of the coin would be around 212 euros. This is much less than the almost 2,000 euros we would pay for a 1.5 euro coin.

 

If you want to discover the best option to protect your savings, enter Preciosos 11Onze. We will help you buy at the best price the safe-haven asset par excellence: physical gold.

If you liked this article, we recommend you read:

Discover gold

1 min read

Basics to know what kind of gold we are talking about, and how its purity is measured.

Culture

Weights and measures

6 min read

The French Revolution, as well as bringing the concepts of liberty, equality and fraternity

Invest

Central banks buy 82% more gold

3 min read

Throughout history, governments and their central



Equip Editorial Equip Editorial
  1. Pere SorianoPere Soriano says:
    Pere

    Ja és veritat que l’or està de moda !!

    • Silvia Granado says:

      Així és Pere, l’or s’ha convertir en una inversió consolidada ja que és dels metalls més estables que hi ha ara mateix.

      4 months ago
  2. Jordi MorenoJordi Moreno says:
    Jordi

    Bona Novetat monetaria

    • Jordi CollJordi Coll says:
      Jordi

      Jo ho desconeixia, clar que no soc massa aficionat a la numismàtica… Moltes gràcies pel teu comentari, Jordi!!!

      4 months ago
  3. Carles MarsalCarles Marsal says:
    • Laura Bunyol BartrinaLaura Bunyol Bartrina says:
      Laura

      Gràcies, Carles, molt encertat el contingut!

      4 months ago
  4. Cristian Palau BatistaCristian Palau Batista says:
    Cristian

    Poster serà realitat…. esperem que si, amb un estat independent. Tot seria possible.

    • Laura Bunyol BartrinaLaura Bunyol Bartrina says:
      Laura

      Com era allò que deien: Creure-ho és Crear-ho!

      4 months ago
  5. Manuel Bullich BuenoManuel Bullich Bueno says:
  6. Mercè ComasMercè Comas says:
    Mercè

    Comenceu a rumiar el disseny de la pela. Aquesta la compraria amb els ulls tancats !!!

    • Laura Bunyol BartrinaLaura Bunyol Bartrina says:
      Laura

      jajjaja molt bona Mercè, segur que dins de la nostra comunitat tenim prou qualitat i potencial per desenvolupar-la. Molt aviat!

      4 months ago

Leave a Reply

App Store Google Play