Louis Golino has been a collector of American and world coins since childhood and has written about coins since 2009. In addition to writing about modern coins and other numismatic issues for Coin World, he writes a monthly column for The Numismatist magazine and has written for other coin publications. In 2017, for “Liberty Centennial Designs,” in Elemetal Direct, he was presented with the Numismatic Literary Guild's award for best article in a non-numismatic publication. He is also a founding member of the Modern Coin Forum.Visit one of our other blogs:
Change Coming for Pobjoy Mint and Isle of Man Coins
2016 Isle of Man 2-coin Angel set with the reverse proof and proof versions of this popular bullion coin.
For the past 40 years it has been the official minter for the Isle of Man, a self-governing island located in the sea between England and Ireland. It is a British Crown dependency and is well-known in the numismatic world for the numerous collector coins it issues, such as the cat coins, which were discussed in the July cover story by Bill Gibbs.
Taya Pobjoy, managing director of the mint, issued the following announcement this week: "Pobjoy Mint Ltd would like to announce that as from March 2017 they will no longer represent the Isle of Man as the official minter of Isle of Man legal tender products.
Recently, the Isle of Man has announced a reduction in the number of themes that can be produced in any year.
This will mean that many Isle of Man coins will no longer be made and we urge our customers to order existing Isle of Man products while stock last.
We will continue to produce high-quality coins from our six other issuing authorities and look forward to showing our customers the new and exciting products we have for the balance of 2016 and into 2017.
Pobjoy Mint Ltd has had a long and fruitful relationship with the Isle of Man that has lasted for over 40 years; we wish them well for the future."
One implication of this news is that the popular Angel bullion coin, which has been issued since 1984 in silver and gold, will likely no longer be issued. And the reverse proof Angel with a mintage of 100,000 coins that was issued this year will definitely no longer be issued.
For 2016 a proof version of the same coin was issued in a special two-coin set with the reverse proof and a mintage of just 500 coins. The proof is only available in the set, which retails for about $150. The single reverse proof coin can be purchased for a little under $30.
If you collect Isle of Man coins, you may want to obtain those pieces you need in the near future. SM Coins, an eBay coin dealer that specializes in modern world issues, has an extensive selection of these coins: http://www.ebay.com/sch/m.html?_odkw=&_osacat=0&_ssn=son-montuno&_nkw=isle+man
Update on 2016 Britannia proof coins: The 5 oz. silver coin has sold out, and the 1 oz. silver coin and 6-coin silver set are close to sold out as well. In addition, the first-ever reverse proof version has been released by APMEX in a 2-coin set with the regular proof. Only 500 sets were issued, and the reverse proof is only available in the set. They were announced yesterday, July 21, and are selling quickly.