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Coin and Paper Money Collecting/Elizabeth 40 crown .999 coin
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Hi! i have a 1994 Elizabeth II Gibraltar coin. It is .999 silver and weighs 43.88 ounces.It is 40 crowns face value. It was made by the Pobjoy mint and there were 1500 made.Can you tell me about it and how much it is worth ? Thank you
Hi Bonnie,
This is certainly a whopper of a coin you have!
The 40 crown, as well as the 32 crown coins (also huge) are legal tender, but were never meant to actually be used as money. Such pieces are silver bullion, and are meant as investment pieces.
As such, there is little numismatic value above that of the silver. However, silver today is worth about 3 times what is was in 1994.
Basically, a coin that was worth $200 to $250 when it was made has a current value of $700 to $750.
Silver trends are looking good for the near future, so you can expect slight and steady increases on the value of this coin.
Despite the very low mintage of 1,500 coins, it will not have significant value beyond the silver weight until it gets a lot older.
Thanks for the question! =)
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| Rating(1-10) | Knowledgeability = 10 | Clarity of Response = 10 | Politeness = 10 |
| Comment | Thank you VERY much.The coin is beautiful and I knew little about the origin.It was a gift.I don't plan on selling! have a great day ~Bonnie | ||
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Answers by Expert:
Dmitry Livshits
Expertise
My specialty is world coins from the 18th to 20th centuries, primarily non-US foreign coins and related areas such as errors and exonumia (tokens, medals, etc.). I can answer questions relating to identification, grading, selling, preservation and evaluation of such items. In addition to catalog value, I can give you the practical market value and trends for specific types of coins. I will also take questions regarding counterfeits (both modern and antique) and on how to identify them. I am NOT knowledgeable in paper money/banknotes, ancient or "shipwreck" coins. Thank you.
Experience
Collector of world coins since early childhood. Access to a variety of auction records and reference material. You can also find me on Facebook.
Education/Credentials
A.S. in Psychology (2006), B.A. in Forensic Psychology (2008), M.A. in Forensic Psychology (2011).
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