Pobjoy follows lasts years debut Pegasus silver bullion coin with a new design for 2018

The British Pobjoy Mint has become increasingly active in the limited run silver bullion coin market of late, more so since the Isle of Man issues went elsewhere. One of the first of the new issues was a coin depicting Britannia and Pegasus that carried the name of the British Virgin Islands. It was a nice coin and has warranted a sequel for 2018.

This years design is better in our view.  A dynamic, rearing winged horse fills the reverse face and other than the denomination and composition, it’s free of inscriptions. The reverse-frosted finish means that the relief Pegasus is the polished looking element, with a matte finish background – something Perth Mint fans will be very familiar with. The obverse depicts Pobjoy’s own effigy of Queen Elizabeth II, surrounded by a border carrying date and issue details.

Available only in the most popular one-ounce format, this 0.999 silver coin will have a mintage limited to 50,000 pieces. That’s a relatively low number in this market. We don’t have one to photograph like we did for its predecessor, but APMEX have some better images up if you’re interested, as well as their two coin set. Premiums seem competitive. You can’t expect a coin like this to be at the very bottom end like a Maple Leaf, but the difference is still pretty negligable given the potentially higher rewards. Available to order now either directly from Pobjoy or from many dealers worldwide.

MINTS DESCRIPTION

In response to the amazing success of the 2017 Reverse Frosted Pegasus Bullion, Pobjoy Mint will produce a new 2018 design of the mythical horse. The design shows Pegasus, the mythical horse, rearing up with his wings spread.  Bullion coins are always a very attractive purchase due to their intrinsic metal value and bullion with a Reverse Frosted finish is an even more attractive purchase!

The obverse features the Pobjoy exclusive effigy design of HM Queen Elizabeth II with a reverse frosted effect. In order to maintain the exclusivity of this piece, no more than 50,000 of the 1oz Fine 999. Silver Reverse Frosted Bullion coins will be produced.

The story of Pegasus begins when Perseus is sent to kill one of the three Gorgons – Medusa who had writhing snakes instead of hair.  It was said that anyone unfortunate enough to gaze on her face would turn to stone.  The God Hermes and the Goddess Athena came to aid Perseus with special gifts, including a shield which Perseus used as a mirror so he did not look directly at Medusa.  When Perseus beheaded Medusa it is said that Pegasus was born from the blood of the Gorgon.

After Pegasus had helped Perseus rescue Andromeda, he was carried to Mount Helicon where he was entrusted to the care of the Muses.

Many wanted to capture Pegasus but no one could work out how to tame such a magnificent creature.  After being advised to sleep in the temple of Athena, Bellerophon saw the goddess before him holding a golden bridle.  When he awoke he was alone but the bridle remained.  He ran from the temple and found Pegasus drinking at a spring.  Bellerophon put the charmed bridle on the winged horse’s head with little difficulty and, with the bridle in place, Pegasus became gentle and tame and Bellerophon became his master.

SPECIFICATION
DENOMINATION $1 British Virgin Islands
COMPOSITION 0.999 silver
WEIGHT 31.103 grams
DIAMETER 38.60 mm
FINISH Brilliant uncirculated
MODIFICATIONS None
MINTAGE 50,000
BOX / COA No / No
BRITISH POBJOY MINT