Joining an ever groing selection of nature-themed bullion coins with limited mintage runs, APMEX have debuted a new Caribbean coin – the Barbados Pelican. Like all of this type of coin, their popularity depends on the premium over spot (for stackers), and/or the design (for collectors).
With eveything going on at the moment around the Covid-19 pandemic, looking at premiums would be pointless given the current supply issues and market volatility. Besides, there are no prices at APMEX at present – likely for the same reason, although LPM have them at a similar level to the Wedge Tailed Eagle. We can certainly look at the design, however.
In our view at least, it’s a very nice looking coin. Plenty of layered depth to the image, enhanced by selectively covering the title border area.It’s a quirky bird, done justice by the artist. The Barbados emblem on the obvrse also looks good. Available as a 1oz silver or a 1oz gold, it’s a pretty addition to the market.
REVERSE: Features two Pelicans with the ocean and clouds in the background. One Pelican is standing on a pier post and the second Pelican is a close-up of a Pelican. The name of the coin, purity and year of issue is also on the reverse.
OBVERSE: Displays the Barbados coat of arms along with the face value and purity. The Golden Shield of the Arms carries two Pride of Barbados flowers (the National Flower) and the Bearded Fig Tree (ficus Citrifolia). On either side of the shield are the supporters-on the right is a dolphin symbolic of the fishing industry and on the left is a Pelican, after Pelican Island, a small outcrop later incorporated into the Deep Water Harbour development. Above the shield is a helmet and mantling and on a wreath is the arm and hand of a Bajan holding two crossed pieces of sugar cane symbolic of the sugar industry. The Coat of Arms carries the motto “Pride and Industry.”