The big event happened yesterday. After weeks of campaigning between those that wanted Britain to leave the European Union and those that wanted to remain part of it, the vote ended with the leave campaign victorious. A decision either inspired or stupid depending on the point of view, the campaigning reached new lows of fear-mongering, lies and vested interests. Whatever the consequences of the decision, and there no doubt will be both positives and negatives, the fault lies squarely with an unelected, distanced political elite that arrogantly assumed they could do what they wanted and all of its ‘subserviant’ nation states would allow it indefinitely. They were wrong.
Just one day after the decision, Coin Invest Trust have released a coin to mark the event. Employing their new ‘SmartMinting’ technology, the coin is 26 mm in diameter, yet weighs just 3 g. Levels of relief are fully maintained and we expect the use of this excellent technique to pay ever greater dividends as time goes by, especially when applied to gold, now increasing in price again.
The design is simple and to the point, a map showing an enlarged Great Britain coloured with the Union Flag, sitting off the coast of Europe. Inscribed are the words ‘BREXIT’ and the date of the decision. Issued for the Cook Islands, it carries the Ian Rank Broadley effigy of Queen Elizabeth II. A few dealers have them up already, with prices in the €25-40 range.