The Brexit vote has changed the dynamics of the European Union. The EU has its fair share of challenges these days. The migration issue is tearing the foundation of the EU apart, and the banks in Italy, Spain, and other member countries are in serious trouble. Global investors are looking at the United Kingdom’s economy and calling it a fascinating economic laboratory that could explode at any minute. Inflation in Britain rose 1% in September 2016, and the economists that are tracking the UK’s progress say that is only the beginning. Britain new Prime Minister said the UK will move away from the European Union starting in March 2017. The details of that exit are unknown, but many people believe it’s going to be a nasty divorce. But there is some good news coming out of the Brexit vote. There is a new Brexit gold coin on the market now, and investors are buying them faster than candy at Halloween.
The Brexit coin program was issued by a firm called Coin Invest Trust, a private Europe-based company. The Cook Island coin program consist of a.9999 fine gold $5 coin and a.9999 fine gold $20 coin, and a.999 fine silver dollar in the same denominations. All of the coins show the outline of the United Kingdom, and there is a Union Jack flag opposite continental Europe on the face of the coins, according to the President of the U.S. Money Reserve, Philip Diehl. Diehl said that all the coins feature the Ian Rank-Broadley effigy of Queen Elizabeth II on the reverse side of each coin. The $5 gold Brexit coin weighs 0.5 grams, and it measures 11 millimeters in diameter. There were 10,000 coins minted. The $20 Brexit gold coin weighs 3.1 grams, and it measures 26 millimeters in diameter. Only 2,016 gold coins were minted. Only 2,016 of those coins were minted. The silver coins sold out by August 5, 2016.
Even though no American- based coin distributor was named, by the Coin Invest Trust, Phil Diehl said the U.S. Money Reserve has the coins, and they are available on a first come, first serve basis. The U.S. Money Reserve is one of the largest distributors of government and foreign issued coins in the United States. He is a former director of the U.S. Mint, and a former chief of staff of the Senate Finance Committee. Mr. Diehl believes the Brexit coins are already collector’s items, and they will continue to increase in value because of the interest in gold and silver as investments.