Christopher Columbus never sailed anywhere near Rwanda, but that
isn’t stopping the landlocked country in East Africa from noticing the
An unidentified private German company has struck 2017 Nautical
Ounce 1-ounce silver bullion coins depicting the famous flagship of
Columbus’ journey of American discovery, the Santa Maria.
The Brilliant Uncirculated .999 fine silver 50-franc coin celebrates
the 525th anniversary of the expedition.
It is the first coin in what is to be the “Nautical Ounce” series,
from distributor American Precious Metals Exchange.
Astute collectors find that buying a ‘problem
coin’ can be a bit of a balancing act, but the rewards can be great.
Also in our Nov. 6 issue, Michael Fahey offers some tips on
grading Mint State Barber half dollars.
The obverse features the Santa Maria under sail, a stylized
compass in the background. The inscription NAUTICAL OUNCE, 2017, and
the purity are arrayed along the rim, along with nautical instruments.
The legend SANTA MARIA appears in the water below the ship.
The reverse displays the official seal of Rwanda and face value of
Connect with Coin World:
up for our free eNewsletter
Like us on
us on Twitter
Each silver coin in this series is to be struck only within a
limited minting period, according to the distributor.
The minting period for the Santa Maria coin began in August
and continues through March 2018, at which time final mintage numbers
will be confirmed, the distributor states.
Each coin is individually packaged in plastic, and linked in 10-coin sheets.
The coin measures 40 millimeters in diameter.
A Proof version with a mintage limit of 1,000 pieces is sold out,
according to the distributor.
A Proof 1-ounce gold coin with a mintage of 100 pieces is also sold out.
Distributor APMEX offers the 1-ounce silver bullion coin for around
75 percent above precious metal price, depending on quantity purchased
and payment method.
To order the coin, visit the distributor website.