The Royal Mint has released its second limited edition two ounce fine silver £100 coin after the roaring success of one it launched last year featuring Big Ben saw 50,000 of them sell out in just 11 days.
The new coin, launched this week, features Buckingham Palace and is made of 999 silver, the purest form, with once again a limited number of 50,000 available to buy.
The Royal Mint will hope to strike a chord with collectors and enthusiasts, after the Big Ben coin - released specifically for New Year – was a real hit. But experts warn they might not make a worthwhile investment in the long-run.
New coin: The 'pure' silver coin issued by the Royal Mint has a face value of £100 - but is it a good investment?
The £100 coins, although legal tender, cannot be used for everyday use and as such are marketed as collectors' items.
An ounce of 999 silver can be easily obtained on the internet for £15-20, meaning the coin is worth a fraction of the purchase price.
But the exclusivity and limited edition factor, along with the fact they may be gifted to children or grandchilden in the future, will be the biggest attraction to most.
If you can't spend the coins, are they a worthy investment? And will their value rise in the future?
A spokeswoman, from coinage experts the London Coin Company, thinks not. She said: 'We think it [Buckingham Palace coin] will just about hold its value and do not believe it will sell as fast - the buzz has gone over £100 silver coins after the previous version which also had 2oz of silver with a £100 denomination.
'The [Big Ben] coin will probably keep its value better as it was the first year, but we would not call either a good investment.
'The first issue, which was the first time they had released a £100 silver coin got collectors interested but it seems the Royal Mint, like others, is launching as many products as possible.
'Products sold from the mintages of most of its products over the last two to three years are way down.'
Nicely presented: The coin comes in a presentation pack and is made of 2oz of 999 silver
'Once the coins get out into the general market, most dealers will price them based on their rarity and on any bullion value.
'So we will often see cases where, e.g. modern proof sets are issued by the mint at £19.99 and almost as soon as you try to resell them you will struggle to get £10. Not surprising as there is no rarity value.
'This doesn't mean that the Mint issues aren't attractive and good souvenirs - just that they are rarely good investments, particularly in the short term by which I mean 50 years.
'If you must treat coins as an investment, then the golden rule is to buy something which would be difficult to find in the future and which collectors will want.
'So, if there are any modern Mint issues which are very limited then those might offer an opportunity.
'However my advice would be to find yourself a friendly dealer and buy much older British coins in the best condition you can afford. They will give you a lot more pleasure and probably turn a handsome profit if you are prepared to hang onto them for a few years.'
Bumper profit: This is Money saw examples of the Big Ben coin selling for £130 on eBay
There are dozens of examples of the Big Ben coin up for a larger amount that £100, including the one above which sold for £130 – plus £7.25 postage and packaging – yesterday evening, a 30 per cent profit.
Royal Mint allows 10 of the coins per household. For an £1,000 investment, and presuming the coins all sold for 30 per cent higher than the original price, that would result in a tidy £300 profit – far higher than returns offered by savings accounts.
Each Buckingham Palace coin comes with a detailed history of the palace in a collectable mount. They are also the first face-value coins to be issued with the new portrait of the Queen.
Buckingham Palace is pictured behind the Victoria Memorial, as if you were walking down The Mall towards it.
Shane Bissett, director of commemorative coin and medals, said: 'Buckingham Palace is an instantly recognisable architectural icon for the millions of British citizens and tourists who have seen it in person or in pictures and on film.
'The building is an instinctive rallying point in the capital city during times of national celebration and mourning, and was a natural choice for the next design in the Royal Mint's popular £100 for £100 coin series.'
The release of the new £100 coin comes just two months after the Royal Mint introduced their new 'accessible bullion' scheme, where people across the UK can buy a part of a gold bar for a minimum of £20.
They also recently a coin to celebrate the baptism of Princess Charlotte of Cambridge. The silver version sells for £80, whilst the 22 carat gold version sells for £1,800.
Last year, people across the country were checking their change after it emerged a 'rare' 50p coin, featuring the Kew Gardens pagoda, were potentially worth hundreds of pounds with collectors snapping them up in furious bidding wars on websites such as eBay.
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