On June 23rd, 2016, the British decided on a vote that stated that they would be leaving the European Union. This vote was called Brexit (British Exit), and the British people passed it with a slim majority. A vote to remain would have had Britain remain a part of the European Union, but they decided to leave. After Brexit passed, it sent European market exchanges into turmoil. Foreign investors started to become cautious about investing in the United Kingdom, and this sent the value of the British Pound downward. People have now accepted that it has passed, and the United Kingdom can now move forward with their plans without the European Union, although some people are still clamoring for a repeal vote.
The Brexit vote has sent people to start investing in gold. Due to the safe nature of gold being a metal, and metals have been known to be a refuge for investors in difficult economic times, gold has been no different. The British citizens have been purchasing gold at their highest levels since the economic recession in 2008. People have also been purchasing home safes, so they will have a place for gold among other things that they may own.
To commemorate the exit of the European Union, Coin Invest Trust and the Cook Islands have decided to release three Brexit coins that celebrate the leave. The coins come with a face value of one dollar, five dollars, and twenty dollars. The one-dollar coin is a silver dollar, while both the five dollar and twenty dollar ones are Brexit gold coins. Each of the coins feature a map of Europe that is the color of the coin, but they have the Union Jack flag on the United Kingdom. This Union Jack flag represents a stand-out feature on the coin, but it also commemorates that The United Kingdom is now separate from the rest of Europe. The opposite side of the coin has an iconic portrait of Queen Elizabeth that was done by Ian Rank-Broadley.
There is a mint limit on each of the coins. The silver dollar and twenty-dollar coin both have a mint limit of 2,016 coins, while there are 10,000 five dollar coins that have been produced. The silver dollar is thought to have sold out in early August. The coins have been spotted at various retailers, and the twenty-dollar gold coin can be priced at 270 US Dollars.