This new coin is the first of five in a series called Egyptian Relic Series. The debut coin is called King Tut and shows a representation of the famous pharoah from actual hieroglyphics of the period. A great idea, and one that is considerably enhanced by the rest of the design decisions made. At five ounces in weight, it’s clearly going to be a chunky beast, so Scottsdales’s designers have taken advantage of that by using the thickness to suggest the whole thing is a stone artifact. The edge has been struck to look like the coin has been chiselled from limestone. The coin has then been antiqued to suggest age, a common feature of ancient-themed coins for good reason.
The coin is issued for the Republic of Chad, an African state, and the emblem looks far more suitable than if it had been issued for Niue and thus carried the Queens effigy. The reverse design is classic Egyptian in style. That side-on look, the attire and objects of status all point to a powerful ruler. Personally, I think the design is bang-on. You can see the prototype images we took in Berlin at the start of the year further below. The brilliant uncirculated finish and smooth edge look great, but the finished product is considerably more atmospheric.
Unlike Scottsdales other numismatics, this one doesn’t stray too far from bullion territory, and that brings with it a huge advantage: cost. While a 2oz Viking of Bible coin will retail at $180, this 5oz coin sells at a very low spot+ price, currently under $125.00. Even with the mintage twenty times higher, it doesn’t detract from being able to pick up one of these boxed, antique-finish coins for little more than a generic round of the same weight. If I was in a position to do so, I’d pick some up without doubt. I’m sure a few pure bullion stackers will see it differently, but coming from the numismatic perspective, it’s a great buy. Available now from Scottsdale, JM Bullion, and APMEX, this is a hugely welcome release and we look forward to the next one. Scottsdale Mint, like Choice Mint, are certainly making their mark on the modern numismatic market.