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Gibraltar £2 Two Pound Prooflike Diamond Finish Coin 2020 The Labours of Hercules (2nd issue)


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Gibraltar £2 Prooflike Diamond Finish Coin 2020 the 12 Labours of Hercules (2nd issue)

Story is being updated……

On 11th December, 2019, I started to build on this thread. This page aims to give your general information about the 2nd issue of the Hercules. With a great surprise, the 12 tasks/labours of Hercules (2nd issue) (i.e., the theme) was suddenly presenting in front of collectors again on the 25th of November 2019. It caused a chaos on the release day. The theme came from the same source like before, the Gibraltar government order and the British Pobjoy Mint and the same face value on GIB bi-metallic coinage. Yes, it has been over 20 years since the 1st release in 1997, but nothing has changed and improved now. It is a bit ironic that in numismatic world, there is no any good and innovative products showing off in the 21 century.

This time, the 12-coin as set is struck at a prooflike diamond finish standard. Each coin (or each task) has a limit of 1750 coins along with a cert at a price of £12.95 (incl. VAT) posted. Release information came in through mailing letter, and 1st/12 was sold out within 3 hours on the day.

Prooflike Diamond Finish standard it has never been implemented on £2 Gibraltar bi-metallic coin before. What is more, the government of Gibraltar and the Pobjoy Mint both oversaw re-issue coins’ advantage, based on examples built by the Royal Mint, more specifically, like 2019 UK 50p Kew Gardens and 2019 UK the 50 years of 50p coin etc.. This situation can just simply be concluded that there is no any good products or arts being made in this pool. Re-issue coins are simply promoting original coins price high over roof eventually, and more and more people get their hands on 1st issue.

1st issue of the 12 labours of Hercules was released in 1997, and the 12 coins were completed in 2000. All coins were Brilliant Uncirculated (BUNC) coins with/out die mark AA. However, silver proof coins with gold-gilt were merely known by collectors. We have talked this silver proof set, so you can click on here to read. Clearly, it has a gap between PF and BUNC. Therefore, the 2nd issue of the 12 tasks of Hercules was released with a PLDF standard in November 2019.

Below, it shows that what do we got for £12.95 at early stage and then £12.95 plus £2.95 delivery fee <#1>.

  • No.1 to No. 12 (eg., the Nemean Lion), the 12 labours of Hercules, Gibraltar £2 Prooflike(PL) Diamond Finish(DF) coin

Now, let we have a close look the very first task of Hercules 2020, £2 coin from Gibraltar.

  • No.1, The Nemean Lion, Gibraltar £2 PLDF coin

In terms of a Prooflike (PL) coin, it was defined by the Isle of Man government on the 2017 50p House of Keys “Proof” coin, an error letter saying a prooflike coin is to be struck at least ONCE upon a polished blank. Therefore, the mirror-liked field is visible (as high as better) and the reflectivity reaches a certain length like 4-7 centimeter or over. Eye-appearing it is very shiny to me, the mirror-liked field is there, and has the reflectivity on coin. However, based on the ability of minting coins by the Pobjoy mint, they still have room to get improved lately.

From the market prospective, the product theme, the 2nd issue of the 12 labours of Hercules, just perfectly fits in the gap of previously left between BUNC in base metal and PF in precious metal, and blows away fakes on the market. If you are aware of some No Die mark (ND) coins in the 1st issue, the current PLDF coin and then ND coin has no a big difference in terms of finish standard.

2019 Gibraltar Father Christmas 50p DF coin is back on track in terms of coin grade and in a way of selling coins UNC, DF, AGPF, AGPDFT and AUPF, and the 12 labours of Hercules (2nd issue) is coming out. Wait, Gibraltar the world first black pearl 50p DF coin “Penny black” as well. It concludes that the Pobjoy mint have recovered from the bad divorce and are doing something to strike it back. This story is ironic and funny. It might be a story enough for tea time.

Hey, Your little brother is taking a super speedy boat to catch you, the Royal Mint, how do you feel and react? With regard to the Tower mint, it is distance far behind the start line. All 3 government-hired mints are in England.

Story regarding each labour after this line, it shows below.

on 21st December, 2019.
Here, let we have a look this 2nd coin in series. First of all, the outer packaging has no difference like 1st coin, therefore, we don’t spend more time on this. If you want to see what it looks like, you can scroll up to <#1>. In regard to certificate associated with each coin, it has no point to address its function further, indeed, it is a piece of paper and does stand for nothing. If this is true, only the issue limit number is a piece of information.

  • No.2, The Lernean Hydra, Gibraltar £2 PLDF coin

The coin you are looking at is nothing special in contrast to the 1st one, just a 2 coin from Gibraltar. However, how did you get this coin? I think most people definitely have different views on it. To be short, it was wasting time to obtain one, and joy became a nightmare. And, from the perspective of collector, the more coin you get, I mean the entire series, the nasty you get involved naturally. Please Please, don’t kill this hobby especially in a way that cashless will be the final destination in our society.

The most interesting thing was the release day which was 10/12/2019, not the coin itself. The first 2-coin release days were very close. 2nd/12 was sold within hours before launch time. Even they officially said they released the last batch around 1245 on the day, the question was arose. It was highly likely already all gone. Don’t forget they shut down the www.pobjoy.com at least twice, it is very abnormal for a business. Width was set up at 3 per household per transaction initially, and people in mailing system were at least 8,000 (unconfirmed), people, do the maths.

If you placed your order(s) with the www.pobjoy.com, you would have a confirmation email (ie., invoice#) generated by them and simultaneously your money was collected by their payment merchant (ie., transaction#). Later soon in this case (actually, you should have had an order# email from them simultaneously!), the order# email you received contained your actually order associated with the transaction# (with regard to transaction#, it was erased manually in this case). Did you notice 2 elements in confirmation letter, a) the invoice# and b). at the bottom, “This email does not constitute an order until payment has been processed.” The transaction# in their payment merchant was matched with a). Therefore, a confirmation email + cleared payment, a contract was formed between buyer and seller. Actually in this case, it was a contract to seller and buyer only when the seller sent out their order# manually. Once you clicked on the last line in confirmation email, you were redirected to a invalid page of Terms & Conditions. Wait, at this stage, how nasty it was behind the dark curtain. Obviously, the www.pobjoy.com did not have competence to host such coin release.

on 14th January, 2020.
They released information that they were going to put the 3rd coin in series on sale during the week. However, on the days of 15th & 16th, they cancelled the planned release, because people used auto-refresh technology which is illegal to take advantage on buying coins. Therefore, the release was abort. The mint website was down and up until the 17th which was the day of game on. In the following week, they threw in another batch. This is the story about the 3rd coin. In the meanwhile, they have totally changed the way of how to release information. A big lesson they learned at least so far.

  • No.3, The Ceryneian Hind, Gibraltar £2 PLDF coin
  • Hercules 3rdHercules 3rd

on 3rd, February, 2020,
they sent out notice that release of the Hercules in Feb afterwards is going to reduce the limit per person AND per household down to 2 now from the very first unlimited and then 3. It was good news to people who squeeze in the queue, and they tried the best to keep the business fair.

As usual, this one below still shows coin quality very bad, especially surface blemish on outer ring part. This fact makes me pondering the question: “What is REALLY a diamond finish standard on £2 the Hercules?” A batch of 1,750 coins per month is not a big batch of job lot, the quality of coin, however, is expected to very low unsurprisingly. What is more, it is no longer free-of-charge on delivery since 3rd coin release, meaning extra £2.95 on top of your bill. This comes down to £15.90 (=£12.95 + £2.95) per transaction. Most people donot care this sale price, because you could re-sell the coin at very high price once a coin lands in your hands. However, this move either the Mint or purchasers is damaging the sustainability of the modern numismatic market. Re-issue of the labours of Hercules, it probably follows the Royal Mint move in 2019 50 years of the 50p coin plus a gap between BU grade and PF grade among British £2 coins on the market. This move, indeed, to the Mint, creates a huge demand. Based on the fact of the Pobjoy mint reissuing the 2nd issue of the Hercules, it is most likely to say the rare GIB £2 coins made by the Pojboy Mint in the past (1988 to 2003) and now (2017 to present). How rare it is, remains unknown.

  • No.4, The Erymanthian Boar, Gibraltar £2 PLDF coin
  • NO.4NO.4

Declaration
the coins above I choose is randomly picked up.
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Great Britain 50 Years of The 50p Coin


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50 Years of the 50p Coin, Great Britain decimal 50p coin from 1969 to 2019

It is a part that shows key designs in year order during the period of 50 years, in terms of reverse design only. It may come across portrait changes during illustration.

50 Years (of the 50p coin from 1969 to 2019).

  • 50p coin: Britannia 1969 (left) vs. Britannia 2019 (right) (winner in design)
    • Royal coat of arms 2013 (runner-up in design, both by Christopher Ironside)
  • 50p coin, Britannia 2019 w/o privy (left) vs. 2019 w/ 2-privy
  • Generally speaking, product quality, in terms of coin grade, is improving from very basic to (deep) prooflike over years. Nothing is worth mentioning here really. If you have a close look at the 2019 50p coin w/o and w/ privy, there is one thing you have to address, coin w/ privy grade much better than coin w/o privy. The 2019 50p coin w/o privy was taken at the Royal Mint Experience, strike your own (syo), and originally only the place where you were able to purchase. However, the Royal Mint changed rules after the big sales of 50 years of the 50p coin proof standard and silver proof standard sets. It makes the 2019 50p syo coin a bit controversial.

“New” omitted (in 1982) during 50 years.

  • 50p coin 1982 (left) vs. 1969 (right)
  • No longer “New” onwards.

2nd Portrait to 3rd Portrait (in 1985) during 50 years

  • 2nd portrait [1969, 1984] vs. 3rd portrait [1985, 1997]

GB 1st 50p circulating silver proof coin (in 1996) during 50 years

  • 50p Silver proof coin seated Britannia in 1996
    • Provenance: the 25th Anniversary of decimalisation in 1996, UK vs. IOM
    • The 25th anniversary of decimalisation silver proof coin sets, both UK and IOM, were only sold to collector in silver proof finish. Note the significant difference between the UK and IOM silver proof sets above is that UK decimal silver proof and proof and BU sets were already in place in 1996. The above UK silver proof set was sold only for the purpose of celebrating the 25th anniversary of decimalisation. Also, the two 50p silver coins here were then circulating coin (i.e., a coin in daily use). In terms of integration, the IOM silver proof set had 9-coin in a set from face value of £5 down to 1p, however, the UK silver set only 7 coins were presented. With regard to popularity, the IOM 1996 silver proof set is great in demand. According to its coa, 1996 IOM silver sets were produced with a limit of 1996 sets in 1996. At this point, it is clear to say that UK numismatic products are unpopular before 2009 and most high value denominations like £1 £2 and £5 are used.

    This 1996 Seated Britannia 50p silver proof coin with a limit of 15,000 coins is recognised by a few collectors in terms of coin valuation in British modern coins. The 50p silver proof coin is a real collector item, but people who collect modern coins are keen to commercial numismatic item for instance 2016 blue peter 50p silver coin. If you look at the 50p silver coin itself, it is simple and limited at 15000 coins.

Resized from 30.00mm to 27.30mm (in 1997) during 50 years.

  • 50p coin: 1997 large (left) vs. 1997 small (right)
    • The existence of a choice between 7-sided 50p and circular 50p in 1994

Seated Britannia went down instead by Shield (in 2008) during 50 years.

  • 50p coin 2008 Seated Britannia (left) vs. 2008 Shield (right) & 4th portrait [1998, 2015]
  • Importantly, all 50p coins made in 2000 onwards are at least a prooflike standard finish. This is a very significant improvement made from the Royal Mint. Seated Britannia closed her curtain on UK circulating 50p coin after 2008.

Commemorative 50p coins during 50 years
During the period of 50 years, a very 1st commemorative 50p coin struck at the Royal Mint and at the Pobjoy Mint respectively, from the perspective of minter and understanding numismatic products. UK, it was 1973, which UK first joined the European Economic Community. Isle of Man, it was 1978, which was the 25th Anniversary of Coronation of the Queen E II. Two “special” 50p coins are shown at Point A and B below in depth. Point A and B are two points to support Commemorative 50p coin 1973 UK vs. IOM.

  • Commemorative 50p coin 1973 UK EEC PF vs. 1978 IOM PF
  • It is a very interesting comparison between the two coins. Firstly, it is coin grade. 1973 EEC 50p proof coin was made with a prooflike standard finish. However, 1978 IOM Viking boat 50p proof coin was a real proof coin. At early stage of decimalisation, coins made from the Pobjoy mint were properly minted and the Royal mint were heading to political gift. Secondly, it has no competition internal and external in this market in terms of minters. Last not least, the Royal mint didnot fancy developing any 50p coin at the beginning of decimalisation, but the Pobjoy mint had different view on 50p coin.

Point A. Within the period of 50p years, contemporary GB history also created on 50p coins in 1973 and 1992/93.

  • 50p coin 1973 (left) (UNC) vs. 1992/93 (right) (BUNC)
  • BUNC grade coin, only from year mint set.

    • 50p coin 1973 (left) vs. 1992/93 (right) (circulating type)

    As shown above, a BU 50p coin and a circulating type 50p coin in 1992/93 are very different in terms of coin grade. And only the circulating type was limited at 109,000 coins. This coin was seized for circulating after 1997, but it was part of decimalisation improvement. A very interesting question arises in my mind, what if the London Bridge goes down, whether is or not solid point to say that 2009 Kew Gardens 50p coin is no longer a rare circulating 50p coin? What will the entire numismatic world react on this news and changes? The system of decimal coinage will not be changed and opted out over the course of time, however, people will, its mother nature. Do people care what do they collect in value?

Point B. A 1979 Isle of Man 50p base proof coin. This is a very special coin in the range of UK 50p coins. In terms of finish, it is finalised with a proof finish, earlier than Royal Mint 1st 50p base proof coin in 1982.

  • 50p 1978 Proof coin
    • 50p 1978 coin (circulating coin)

50 years of the 50p coin first release (early 2019)
50 years of the 50p coin second release (mid 2019)
50 years of the 50p coin third release, possible…? If you are keen to GB 50p coins, please go back and see 40 years of the 50p coin in 2009. But, there is nothing new and creative. It is more like a revision of 2009 job lot.

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