Royal Mint launches new Prince Philip £5 coin

Household money

Updated on 08 August 2017 | 0 Comments

The Royal Mint is launching a new £5 commemorative coin to mark Prince Philip's retirement. But is it worth paying £13 for?

The Royal Mint is launching a new £5 coin to commemorate Prince Philip’s 80 years in service.

You can pre-order the coin for £13 from the Royal Mint website and it’ll be shipped in late August. The coin reads ‘NON SIBI SED PATRIAE’ in Latin, meaning ‘Not for himself but for his country’.

In response to the launch, The Royal Mint said:

“To recognise this enormous contribution through service, The Royal Mint has struck a £5 brilliant uncirculated coin. This original design features one of the latest commissions by highly respected designer Thomas ‘Humphrey’ Paget.”

Hasn’t he been on a £5 coin before?

He has indeed. Prince Philip also appeared on a £5 coin in 2011 to celebrate his 90th birthday. It turned out to be one of the rarest £5 coins ever offered. As with this coin, the 2011 version features a portrait of the Duke of Edinburgh and only 18,730 were struck.

Coins were sold in brilliant uncirculated presentation packs and sold for £9.99.

Will the new coin be valuable in the future?

It's hard to tell.

If you take a look on eBay, some of the 2011 Prince Philip coins are selling for much more than £5.

Below is a shot of an auction that ended with the coin selling for £65.

Prince Philip 2011 coin on eBay

Based on how well the previous £5 coin did in this situation, the new £5 coin could very well become more valuable in future.

That said, these coins can be difficult to cash in, even at the bank, so don't bank on them becoming worth more than face value over time.

Perhaps another type of investment is for you – find out more at the loveMONEY investment comparison centre (capital at risk)

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