Author Topic: Taiwan: New Collector Coins  (Read 751 times)

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Offline Bimat

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Taiwan: New Collector Coins
« on: May 13, 2016, 03:07:55 PM »
Central Bank celebrates Tsai inauguration with coin set

By Nine Hsieh, Special to The China Post
May 11, 2016, 12:23 am TWN

TAIPEI, Taiwan -- The Central Bank (中央銀行) revealed its commemorative coin set that celebrates the inauguration of the 14th president and vice president, which will be sold on the date of the inaugural ceremony on May 20, reported the United Daily News on Tuesday.

The coin set includes a gold coin with face value of NT$2,000 and priced at NT$48,000, and a NT$200 silver coin priced at NT$1,600.

The Bank of Taiwan (台灣銀行), which is authorized to sell the commemorative coins, will sell the gold and silver coins on a first-come-first-served basis, according to a statement made at a press conference held by the Central Bank for the commemorative coins.

All of the coins are one ounce with a fineness level of 999.9. A total of 10,000 gold coins and 50,000 silver coins will be issued by the Bank of Taiwan, the Central Bank said.

President-elect Tsai Ing-wen (蔡英文) and Vice President-elect Chen Chien-jen (陳建仁) are pictured on the front side of the commemorative coins.

The upper margins of the coins are inscribed with the Chinese characters "in commemoration of the inauguration of the 14th term president and vice president of the Republic of China" (中華民國第十四任總統副總統就職紀念), while the lower margin is inscribed with Chinese characters "Light up Taiwan" (點亮台灣), Tsai's campaign slogan, and the date of her and Chen's inauguration.

The reverse side of the coins is decorated with the official badge of Presidential Office, and engraved with the slogan "LIGHT UP TAIWAN," as well as details such as the denomination, weight and fineness of the coins. Individuals will be permitted to purchase one each of the gold and silver coins per visit, local media reported.

The Central Bank has been issuing commemorative presidential inauguration coins since 1996. The characters "LIGHT UP TAIWAN," which are inscribed on commemorative token coins for the first time, were chosen for the coins after negotiation between the Central Bank and the Democratic Progressive Party (民進黨), according to local media.

The issue volume of the inauguration commemorative coins for the 14th term president will be the same as those of the last two inaugurations.

However, the falling price of gold resulted in a NT$6,000 reduction in the current selling price of the gold coin, which is priced at NT$48,000 and lower than the past value of the coin at NT$54,000. The selling price of the silver coin is also lower than previous years by approximately NT$200.

Source: The China Post
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Offline Figleaf

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Re: Taiwan: New Collector Coins
« Reply #1 on: May 21, 2016, 11:28:05 AM »
Politics. Can you imagine a 20 dollar gold "coin" with Donald Trump and Chris Christie accompanied by the slogan "Make Amerika great again"? Me neither. We have several messages here, I presume aimed at mainland China:
  • We have elections, you have a dictatorship.
  • We celebrate with gold, you celebrate with copper-nickel.
  • The new team is different and domestically oriented. Deal with it.
  • Maybe unintended: Chiang Kai-Shek's personality cult of the president is alive and well.
Peter
An unidentified coin is a piece of metal. An identified coin is a piece of history.