Another country has joined the parade of silver bullion issuers in 2017.
The private Scottsdale Mint offers a new silver bullion coin minted
in the name of Barbados, following issues it minted for Cayman
Islands, the Republic of Chad and others.
U.S. Mint welcomes a fourth metal to the
American Eagle bullion program.
Also in this week’s print issue of Coin World, we teach our readers
about what a “weak-fatty” gold coin is and why you don’t want one in
The 1-ounce .999 fine silver dollar from Barbados depicts the
national symbol, the trident (which appears on the Barbados national
flag), on the reverse, along with the face value.
The trident, a symbol of strength and power, is drawn from the
weapon of the mythical Roman god of freshwater and the sea, Neptune,
and often pictured in the hands of Britannia. However, the trident
appearing as the national pride of Barbados, and on the Barbados
national flag, differs from Neptune’s weapon in that the Barbadian
trident is only the trident head, with no shaft, and is characterized
as a broken trident, symbolizing Barbados’ historical break and
eventual independence from the United Kingdom in 1966.
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The obverse displays the year of issue, 2017, and the Barbados coat
of arms, the national symbol featuring a raised fist of a Barbadian
grasping two stalks of sugar cane above a shield. Upon the shield are
a pair of the national flowers, known as the pride of Barbados, and a
single bearded fig tree. The shield is supported by a dolphin fish and
a pelican. They stand for the fishing industry and Pelican Island, respectively.
Both obverse and reverse rims feature wavy radial lines that the
Scottsdale Mint says make the coins harder to duplicate and provide a
measure of security.
The coin has a limited mintage of 30,000 coins.
Individual coins are offered in protective plastic capsules.
Multiples of five typically are presented in a sealed sheet. Multiples
of 240 are packaged in a larger box.
As of Sept. 26, distributors offered the coin for about $6 to $7
above the precious metal, or “spot,” price, depending on payment
method, and as low as $5 above spot, depending on quantity purchased.