Saturday, July 21, 2012

2012 Britannia Silver One Ounce Fine Silver Bullion Coin

The Royal Mint is delighted to confirm that the 2012 Britannia Silver Bullion coin, in honor of the Queen's Diamond Jubilee for 2012, will feature Philip Nathan’s original, breathtaking portrait of Britannia on the reverse. This famed design has been chosen for 2012 to celebrate the Queen’s Diamond Jubilee.

Philip Nathan’s design is beautifully complemented by the current portrait of the Queen by Ian Rank-Broadley FRBS on the obverse.

In keeping with tradition that dates back to the late 17th Century, the 2012 £2 Silver Britannia is struck in the Britannia standard of silver 0.958 Ag.

Obverse Design

The obverse of the 2012 Britannia range bears the current portrait of the Queen by Ian Rank-Broadley FRBS.

Reverse Design

The 2012 coin reverse features Philip Nathan’s original, breathtaking portrait of Britannia framed in the crenallated border peculiar to Britannia coins.

Britannia; An Enduring Icon of Britain

The figure of a woman, called Britannia, has long been a symbol of British national pride. She first appeared on British coins in the seventeenth century and has subsequently graced the coinage of every monarch to the present day.

She made her debut on the coins of the Romans and has, from Tudor times, beautifully symbolized an empire based on maritime power. Great and free, she has fascinated artists and sculptors throughout her history and remains a favourite icon for British stamps, medals and coins.

In 1696 the Britannia standard of silver was introduced as part of the recoinage of William III in an attempt to limit the clipping and melting of sterling silver coins, it being reasoned that there would be little incentive to melt sterling silver when a higher standard was used for wrought plate.

By the time the Queen came to the throne in 1952, Britannia had assumed the status of an immortal, having featured on British coinage for almost 300 years. In 1987 she was elevated to the new gold bullion coinage and today appears on the highest value coins of the realm. The silver version was launched during 1997.

Thursday, July 12, 2012

A Rare Chinese Coin: the Fengtien Silver Dollar

Created in 1897 at the instigation of the General Iktangga (依克唐阿), governor of the Fengtien province, the bureau was destined to modernize the provincial coinage. An early set of dies was commissionned from the Anqing (安庆) mint in Anhwei (安徽), and German-made steam-powered machinery were brought from Tianjin.

The early test issues using the An Hui dies were denominated in maces and candareens, and were designed after the Kwantung dollar. With the success of the Peiyang arsenal dollars, subsequent issues were however redesigned and the first emission meant for circulation in 1898 features a reverse bearing the characteristic circular manchu writings in the style of the contemporary Beiyang coins.

The last emission, in 1899, has a very similar design. As far as I know, three dies were used for the 25th year of Guang Xu series. The coin I bought is of the first type, as seen below:

Fengtien dollar - single ring (单圈版) with error in FUNG
Fengtien dollar (obverse)

The first set of die used has a single dotted ring around the denomination on the reverse (单圈版 in Chinese). The reverse has an obvious error in the typography of the province name, with a huge empty space between the F and U of FUNG TIEN. The strike is also noticeably weak from the G to the T.

On the obverse, this die is very different from the subsequent ones. The dragon face is beautiful, with some relief on the sides of the dragon nose and a large, “smiling” mouth. The fireball at the center is ornamented with a wide, incomplete spiral probably resulting from a weak strike.

The second strike features a new dragon design; the reverse issues were also partially fixed:

 Fengtien dollar - single ring (单圈版)

The province name on the reverse is now correctly typographied, but the strike is still weak on the area from the G to the T. The new dragon design is very different from the previous issue, with a flatter face and a thinner mouth. The spiral on the fireball is complete this time, running all the way to the center.

Fengtien Dollar - double circle (双圈版)
Fengtien Dollar - double circle (双圈版)

The last emission tries again to correct the problems of the reverse, keeping the new dragon design.

As seen here, the G and T are indeed slightly stronger, but the end of “TIEN” is weaker, while it was crisp in the previous strikes… It seems that like the Kiangnan mint, the early Shenyang mint had troubles with the die adjustement and thus produced weakly struck coins.

A solid circle was added around the denomination, inside the inner dotted circle.
This strike is known as the “Linear circle within dotted circle” die, or 双圈版 in Chinese.



Fengtien dollar - linear circle within dotted circle (双圈版)

After this third strike, the mint machinery was seized by the tsarist Russian army and the Shenyang machine bureau was burned down… The province of Fengtien (nowadays Liao Ning) was indeed going through dark times. Already the theater of the first Sino-Japanese war in 1895, it was then the scene of the conflict between the Russians controlling the leased territory of Liao Tung, and the Japanese army, leading to the Russo-Japanese war. The mint at the Shenyang machine bureau was briefly brought back online in 1903 after years of reconstruction slowed down by the Boxer rebellion.

Eventually, the province fell under Japanese control, later becoming part of the Manchukuo puppet state. The Japanese army and investors continued to develop heavy industries in the region, furthering the move toward automatization that had begun in 1897 with the creation of the Fengtien machine bureau.