It seems to be full steam ahead on the bullion coin front this week. The biggie has obviously been the arrival after 50 years of a silver Krugerrand, and we’ve also had new Royal Mint lunars and what appears to be a cool change to the Britannia, but it’s to the smaller run bullion coins that collectors look for their ever changing fix of new and interesting designs.
Scottsdale Mint are one of those putting out some cool designs lately. The Congo Silverback series has been successful and the five-ounce Egyptian Relic coin was superb and very well priced. Next up is a very unusual choice for a bullion coin, Japanese artist Hokusai’s “The Great Wave off Kanagawa”. A truly iconic piece of art by any standards, but absolutely synonymous with Japan, this is one of those artworks that has transcended the art world and made the leap to popular culture. An inspired choice for a coin.
The bullion version of this new coin is struck in an ounce of fine silver and issued for the Pacific island of Fiji. Limited to 50,000 pieces, it’s at the mid-low range of silver bullion coin mintages, so potentially one that could attain semi-numismatic status and have better than average appreciation. The reverse design takes the most prominent section of the original artwork to create a compact look at the whole without compromising the overall look. Inscriptions are kept to a low level, just the artist (HOKUSAI), the artwork (THE GREAT WAVE) and the composition in a smaller font (1oz 999 SILVER).
The obverse is typical Fijiian fare, just the national coat-of-arms with the issuer (FIJI), the date (2017) and the denomination (1 DOLLAR) on it. Packaging is the strip system that Scottsdale have used before, each coin encapsulated and shrink-wrapped to a branded card in multiples of five. You can see one further down. Premiums shouldn’t be excessive as Scottsdale are usually pretty reasonable on them compared to others.
In addition to this, Scottsdale have announced a coloured proof commemorative version with a mintage of just 2,500. Couloured like the original artwork, a piece that lends itself well to the process, it comes boxed and in a coloured shipper. It should come in at just under the $100 USD mark. Both are a refreshing change from the norm. Available very shortly.