Melita bul­lion coins 2018 is­sued

The Malta Business Weekly - - NEWS -

The Cen­tral Bank of Malta, in col­lab­o­ra­tion with Lom­bard Bank plc, is­sued three gold bul­lion coins. The coins, which are le­gal ten­der in Malta, were is­sued in three dif­fer­ent weights and de­nom­i­na­tions. The largest has a face value of €100 and weighs one troy ounce (31.10g). The half-ounce coin (15.55g) has a face value of €50 and the quar­ter-ounce coin (7.77g) has a face value of €25.

The coins fea­ture the fig­ure of Melita on the re­verse and the em­blem of Malta on the ob­verse. They are struck in 0.999 gold (24 carats) by PAMP S.A. Mint in Switzer­land and rank among the purest of­fi­cial bul­lion coins avail­able world­wide.

The fig­ure of Melita fea­tured on the coins is in­spired by that cre­ated by the artist Ed­ward Caru­ana Dingli for a set of postage stamps, which were is­sued shortly af­ter Malta at­tained self-govern­ment in 1921.

Melita is an al­le­gor­i­cal fe­male fig­ure, rep­re­sent­ing Malta, shown wear­ing a clas­si­cal hel­met and ar­mour and hold­ing a rud­der – an al­lu­sion to the fact that in 1921, with the new self-govern­ment con­sti­tu­tion, Malta was per­ceived as tak­ing con­trol of her des­tiny.

The coins will be minted ac­cord- ing to de­mand. Thus, the to­tal num­ber of pieces struck may vary from year to year. Nev­er­the­less, with the ex­cep­tion of the year of is­sue shown on the coin ob­verse, the de­sign is in­tended to re­main the same each year.

The coins are cer­ti­fied and housed in­di­vid­u­ally in a sealed card. Each coin will have a unique pro­file that can be ver­i­fied us­ing PAMP’s in­no­va­tive Veriscan bul­lion se­cu­rity sys­tem. Scan­ning, us­ing a smart­phone app, will au­then­ti­cate the coin.

Coins may be pur­chased from the Malta Coin Cen­tre e-shop on www.mal­ta­co­in­cen­ and the Mal­taPost web­site. Since the coins are classed as in­vest­ment gold, their price will be based on the price of the metal con­tent on the in­ter­na­tional mar­kets, thus prices will be quoted at the point of sale. The coins are also ex­empt from VAT.

For fur­ther in­for­ma­tion the pub­lic is kindly re­quested to con­tact the Malta Coin Cen­tre via email on [email protected]­tral­, by calling on (+356) 2550 6006/7/8 or by con­tact­ing Mal­taPost.

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