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Perth Mint Coin Profiles – Tuvalu 2020 Industry in Motion 1oz Silver Antiqued 2-Coin Set

Perth Mint Coin Profiles - Tuvalu 2020 Industry in Motion 1oz Silver Antiqued 2-Coin Set

This Industry in Motion two-coin set celebrates the evolution of industry and machinery. Struck by The Perth Mint from 1oz of 99.99% pure silver, each innovative gear-shaped coin is issued as legal tender of Tuvalu.

The cogwheel, also known as a cog or gear, was a device fundamental to the development of machinery. The rotating machine part with cut teeth is considered one of the oldest pieces of equipment known to man, dating back to before the ancient Greeks. It was first referenced by mathematicians and engineers including Aristotle as early as the fourth century BCE.

The cog was one of several mechanical components that truly came into their own during the Industrial Revolution. In 1835 the English inventor Joseph Whitworth patented the first gear ‘hobbing’ process to cut spiral gears, generating for the first time these ‘involute’ gears commercially. This led to the invention of hobbing machines capable of cutting gears as advancements in industry continued into the 20th century. Synonymous in the modern world with engineering, progression and history, the gear has become an icon of industry.

The Perth Mint will release no more than 1,500 of the 2020 Industry in Motion 1oz Silver Gear-Shaped Antiqued Two-Coin Set.

Perth Mint Technical Notes

Each coin has been individually ‘antiqued’ to give it a unique finish conveying the surface abrasions of an industrial artefact. As a result of this treatment, the appearance of each coin may vary.

Design

The reverse of each gear-shaped coin depicts several toothed cogs ascending in size from the centre of the coin.

Each coin’s obverse bears the Ian Rank-Broadley effigy of Her Majesty Queen Elizabeth II, the year-date, weight and purity, and monetary denomination.

Presentation

The two-coin set is presented in an acrylic case with a mechanism to rotate the coins. The case sits within a themed shipper and is accompanied by a numbered Certificate of Authenticity.

Designer(s)

Ian Rank-Broadley’s effigy of Her Majesty Queen Elizabeth II was chosen to appear on the coinage of the United Kingdom in 1998. His design began to appear on collector coins that year and became widespread starting in 1999 (View Designer’s Profile).

Lucas Bowers is a designer at The Perth Mint. He is responsible for the reverse.

Coin Specifications

Country:  Tuvalu
Year Of Issue:  2020
Denomination:  1 Dollar (TVD)
Mint Mark:  P
Mintage:  1,500
Alloy:  .9999 Silver
Weight:  31.107 g
Diameter:  38.50 mm
Thickness:  4.10 mm
OBV Designer Ian Rank-Broadley
REV Designer Lucas Bowers

 

Perth Mint
Perth Minthttps://www.perthmint.com/
The Perth Mint is Australia’s largest and most highly accredited precious metals enterprise. Through its integrated operations and trusted products and services, it develops markets and creates demand for Australian precious metals the world over. Operating the largest refinery and the only facility in Australia accredited for gold and silver by the London Bullion Market Association, the Mint holds endorsements by commodity trading centres in London, New York, Tokyo, Shanghai and Dubai. The Perth Mint exports in excess of USD14 billion worth of bullion bars and coins to institutional and private investors in more than 130 countries each year and issues an array of legal tender commemoratives for collectors. Offering the world’s only government guaranteed precious metals investment and storage program, the Mint also manages approximately USD3 billion worth of metal held on behalf of some 40,000 clients. Still operating in its original premises, founded in 1899, The Perth Mint is also a premier tourist destination and home to the Guinness Book of Records certified largest coin in the world – the Australian Kangaroo One Tonne Gold Coin, worth more than USD 40 million.

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