Kagin’s Inc. has been appointed the exclusive U.S. distributor for the Spanish Royal Mint’s Spanish Doubloon – the mint’s first series of gold bullion coins.
The first issue features an Iberian Lynx struck as a reverse proof 1-ounce in 999.9 fine gold coin and denominated 1.5 euros. The total to be minted is limited to 12,000, of which 4,000 were struck on Dec. 1, 2021. Of those, just 1,000 will be designated as First Day of Issue by Professional Coin Grading Service (PCGS) and Numismatic Guaranty Company (NGC).
The coin’s obverse features the famous Columnarios – the Pillars of Hercules design representing the joining of the two Old and New World hemispheres, with the two globes crowned over the sea and the motto “PLVS VLTRA” appearing on ribbons mounted on opposite pillars. This image, prominently depicted on the Spanish silver “pieces of eight,” was arguably the world’s most recognizable coin design for over 200 years, according to the firm. Many consider them to be the first global coinage and the precursor of the American dollar sign ($).
Legends identify Spain’s current monarch, Felipe VI, the coin’s weight of 31.21 grams and its fineness of 999.9. It measures the standard 37 mm in diameter.
The reverse depicts the head of an Iberian lynx, the face value of 1.5 euros, the year of issue (2021) and the crowned symbol of the Spanish Royal Mint.
The coins will only be available from distributors and not from the Spanish Royal Mint.
Kagin’s will be offering on a first-come basis a limited number (four per customer) of these first day issue coins that have been certified by PCGS or NGC as PR-69 and PR-70.
The company states that the remaining 8,000 uncertified encapsulated 2021 reverse proof coins will be struck in 2022 and priced at the daily London spot gold price plus 10 percent, while supplies last.
For more information contact Kagin’s Inc. by email at info@Kagins.com, by phone at 888-8KAGINS (888-852-4467) or online at Kagins.com.