Issued by The Royal Mint as part of it’s Landmarks of Britain Collection, the Tower Bridge 1oz silver bullion coin follows on from the 2017 Big Ben coin. This is a brand-new bullion finish coin, issued by the Royal Mint.
On the reverse side is a Tower Bridge design from the Royal Mint designers Laura Clancy and Glyn Davies, and on the obverse, is the well-known portrait by Jody Clark of Her Majesty The Queen.
Each coin contains 1oz of fine silver and has a face value of £2. As it is legal tender it is therefore exempt from Capital Gains Tax.
Tower Bridge is an iconic part of the London skyline.
This masterful feat of British engineering was built between 1886 and 1894 and combines a bascule and a suspension bridge.
After 50 designs were submitted and rejected, Sir John Wolfe Barry was appointed engineer and Sir Horace Jones architect to the project.
To get authorisation to start building the bridge, an Act of Parliament had to be passed. This was done in 1885 with specific dimensions about the width and headroom.
It was also stated that the construction had to be in a Gothic style.
Jones died in 1886 and was replaced by George D. Stevenson. It was Stevenson’s Gothic style which gave the bridge its distinctive look.
The total cost of construction was £1,184,000 which today would be the equivalent of around £124,000,000.
It was officially opened by The Prince of Wales on 30 June 1894.
Situated near to the Tower of London, and originally connecting Iron Gate on the northside of the river, with Horselydown Lane on the south side of the river, it is often mistaken for London Bridge which is just 0.5m away.
An incredibly collectable silver coin, the Tower Bridge Landmark silver coin will likely rise in value due to scarcity over the years as much as with the underlying gold price. Limited mintage, combined with being part of a collection will ensure a strong demand globally. The Royal Mint has added to the excitement surrounding the Landmarks series of coins, by keeping the details of the upcoming issues very close to their chest.
If UK limited issue silver coins float your boat, then you may want to consider buying the silver Lunar series, including the Silver Lunar Dog, or the double-sized 2oz Queens Beasts series, including the beautiful Silver Unicorn coin. Alternatively, if you simply want the cheapest tax-free gold coin possible, buying Silver Britannias will tick that box.
As a UK legal tender coin, the Tower Bridge Landmark issue is an exciting choice for silver investors and collectors alike.