WTF!?!? Inflation is feared in Europe. Another country in Europe creates a bullion coin and it is a surprise.

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prepspa

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Spain has created a bullion currency for the first time.

This is important because it is the only country in the European Union, together with Austria, that has a bullion. This has been surprising in Europe, but it shows that there is a demand among the population to invest in gold. Inflation is feared in Europe.

In Spain there is a lot of demand for this currency and it is believed that it may revalue a lot in the future due to its high demand.

spanishbullionlynx.jpg





Its design is based on the Real de a Ocho, which was a model for the US Dollar.

Characteristics:
The Reverse Proof 1-ounce .999 fine gold coin is denominated €1.5, an unusually low denomination for a gold bullion coin of the world.
The reverse depicts the head of an Iberian lynx. In addition, the face value (€1.5) appears, with the year date of issue (2021) and the crowned symbol of the Spanish Mint.
The coin’s obverse features imagery borrowed from the famous Spanish silver “piece of eight” coin, which circulated around the globe for more than two centuries.
The 2021 coin appropriates the Pillars of Hercules design that represents the two hemispheres meeting, with two globes crowned over the seas, and the legend PLVS VLTRA appearing on ribbons mounted on opposite pillars.
Legends identify Spain’s current monarch, Felipe VI, and the coin’s weight and fineness.
The coin weighs 31.21 grams and measures 37 millimeters in diameter. The inaugural issue has a mintage limit of 12,000 coins, each delivered encapsulated.
The coin, with continuing Lynx motif, is to be sold through distributors worldwide, according to the Spanish Mint.
 

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