Share

Mostly clear

Fri

22°C | 12°C

Broken cloud

Sat

18°C | 11°C

Moderate showers

Sun

16°C | 10°C

Home   Kent   News   Article

Bluewater coin shop strikes gold with Diamond Jubilee coins

13 March 2012
by Danny Boyle

Christine Buss, from Scoin Shop, displays some of the Diamond Jubilee coins. Picture: Ally Carmichael

Christine Buss, from Scoin Shop, displays some of the Diamond Jubilee coins. Picture: Ally Carmichael

by business editor Trevor Sturgess

Valuable gold coins celebrating the Queen’s Diamond Jubilee are being sold to Kent customers... for £8,250.

The coins - from the UK, Australia and Canada - are in only 400 sets worldwide.

The Scoin Shop at Bluewater is thought to be the only outlet selling the exclusive Diamond Jubilee set.

It features three gold proof coins – one from each of the Royal Mints. They include a 50c coin from Australia, a $300 coin from Canada and a Diamond Jubilee £5 coin from the UK. The Canadian coin features a real diamond.

Collectors unable to meet the price tag could instead buy a three-coin silver set for the more modest sum of £299.

The Scoin Shop, which is also offering Olympic Games commemorative coins, sold more than 350 last year featuring the Duke and Duchess of Cambridge’s engagement at £1,750 each.

It has been the retailer’s fastest selling commemorative gold coin and is now valued at £3,300

Alan Demby, the Scoin Shop founder and bullion expert, said: “There is a marked upward trend in value in some commemorative and rare gold coins rather than generic bullion coins.  

"This is due to their limited mintage and the event they commemorate. A Diamond Jubilee is a a rare once-in-a-lifetime opportunity for the Commonwealth and the world.”

With gold trebling in value over the past decade, he believes 15% of every investment portfolio should be gold coin.

There are 28 Scoin Shops in the UK and South Africa. The first opened in Sandton City, Johannesburg, in 1999.

Click here for more news from Kent.

Click here for more news from around the county.