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Actually, I do not want to talk about the Laxey water wheel itself, but just generally specify the fact of the Laxey water wheel being on IOM coinage over time.
According to wikipedia, the Laxey Water Wheel is the largest working wheel in the world. This landscape you are able to see is not only on IOM coins but also on its banknotes. Here, we talk about the Laxey water wheel on decimal coins mainly. In terms of the Laxey water wheel, we are not going through its history instead of discovering the Laxey water wheel the object on 2004 IOM coins. Hereafter, you are going to see interesting things behind on coins.
- 1976 — 1979, the Laxey Water Wheel on nominal 5p coin (i.e., 5×10^0);
- 2004, the Laxey Water Wheel the 150 Anniversary on nominal Xmas 50p coin (i.e., 5×10^1);
- 2004 — 2016, the Laxey Water Wheel was upgraded to nominal £5 virenium coin (i.e., 5×10^2);
- 2004, the Isle of Man government issue a Tourist Trophy 50p coin 2004-verison.
Based on the facts above, you probably notice two things already. One thing is that the first appearance of the Laxey water wheel lasts 9 years by the way of (1 + 8) years, and the second appearance is 24 years later since 1979, 3 times of the length of 1st appearance (excluded 1 year). In the same time, the third appearance straightly jumps to £5 coin with no any breaks in 2004. Totally, the Laxey Water Wheel covers 40 years on IOM coins made by the Pobjoy Mint. Within 40 year, you can feel and see the logic and consistency. Also, here it is the answer to the IOM Xmas series the Laxey water wheel appeared in 2004.
Another thing is that it is (up to) three 50p coins in a row in 2004, meaning, 1x circulating coin (i.e., 1x Milner’s Tower currency coin) and 2x commemorative circulating coins (i.e., 1x Xmas series 50p coin & 1x T.T. series 50p coin). Similar thing happened in 1994, PC 50p coin, Xmas 50p coin and Legislative building 50p coin. Normally they do one circulating 50p coin and one commemorative circulating 50p coin same time. However, it is massive production in contrast to recent IOM 50p coin issues, like 2019 ICC Cricket World Cup 50p coin (x5), 2018 Sapphire Coronation 50p coin (x5)). Note 2012 4x 50p coins it is a special case and 2 Xmas 50p coins in a row in 2008 and it failed to do so.
IOM decimal coin Collection set normally it has two versions, with £5 (9-coin) and without £5 (8-coins) on the secondary market in 2004 onwards. Originally, it started a 6-coin decimal set in 1971 by the Royal Mint. Due to unknown reason(s), a decimal coin 8-coin set is less seeing than a 9-coin set. However, a 2011 decimal coin collection set (9-coin) is very different in terms of £2 and 50p coin. The two coins are both commemorative. It is hard to see this in a year mint set from 2004 onwards.
- 2011 Isle of Man Decimal Collection Coin set (9-coin)
- 2011 IOM £2 UNC coin Tosha Cat
- 2011 IOM 50p UNC coin Yamaha at TT 50 years
To sum up, we talked the Laxey water wheel on 2004 IOM coins especially 50p coins and 2011 £2 coin Tosha cat as well. The year 2004, it was a turning point either to the Tynwald Court or to the then Minter.