Provident Metals is pleased to announce the arrival of the Royal Canadian Mint’s 2016 1 oz Silver Five Blessings Coin. This round has been an annual release since 2014, and with only 25,000 available for purchase within the United States, supplies are likely to go quickly. Each coin consists of one troy ounce of .9999 fine silver, and carries a legal tender value of $5 Canadian.
Because this beautiful silver coin consists of the highest purity silver, is manufactured in an IRA approved mint, and is backed by the sovereign government of Canada, each round qualifies for a self-directed precious metals IRA.
Coin Design
The reverse of the Five Blessings coin features five animals that symbolize luck and fortune, an intricate Chinese pattern, and the Chinese symbol used to offer a wish of good fortune. The animals on this coin include the bat, the deer, the crane, and the magpie.
- Bat – From a westerner’s perspective, where bats are associated with the dark, vampires, and rabies, the bat is an odd addition to a coin that symbolizes fortune and luck. In Chinese culture, however, the bat symbolizes happiness. This symbology is a visual pun; the character for bat and happiness look very similar, and have the same pronunciation. Therefore, when spoken, “fu” may either refer to a winged mammal or a euphoric state of happiness.
Further, bats are often illustrated upside down, which enhances the pun because the character and pronunciation for “upside down” and “has arrived” are very similar. Therefore, the statement “The bat is upside down” in Chinese may be interpreted as “Happiness has arrived.” - Deer – The Chinese believe that deer live to a very old age and consequently symbolize long life. Additionally, the deer is a symbol of career success. As with the bat, this symbolism is a pun; “deer” in Chinese has the same pronunciation as the character for the wage of a government official. The deer, therefore, represents the desire to be as successful as Chinese government officials.
- Crane – This coin features two cranes, which in Chinese culture stand for longevity. The crane is believed to live for a very long time, and the crane’s white feathers are often used to represent old age.
- Magpie – The magpie represents happiness; the first character in magpie is pronounced in the same way as the character for “happy” in the Chinese language. A magpie depicted upside down symbolizes the arrival of happiness.
The obverse of the Five Blessings Coin features an effigy of Queen Elizabeth II. This right-facing portrait of the United Kingdom’s longest reigning monarch was designed by Susanna Blunt and features The Queen wearing a string of pearls.
Why is this a smart investment?
There are many reason that a savvy investor will consider buying this coin. First, all previous years’ production have sold out. These coins have proven to be very popular, and that popularity has spilled over to the secondary market. Coins from previous years have doubled in value on some online auction websites. So, if you are interested in a short-term investment, the Five Blessings Coin has a proven past.
Second, these coins qualify to be included in a self-directed precious metals IRA. Precious metals IRAs are increasing in popularity because they allow investors to hedge against inflation without personally storing gold and silver. Provident Metals has partnered with the most reputable custodians in the industry. Click here to find out more about precious metals IRAs.
Finally, this coin is beautiful. The fields in this coin have a glazed BU finish, while the devices have a polished, proof-like finish. Each animal is intricately designed and sculpted, and the coin perfectly captures the essence of traditional Chinese artwork.
Order your 2016 1 oz Silver Five Blessings Coin today by calling our customer service representatives at 800-313-3315, or by visiting our Secure Website.
Nice round. I always wondered, why do some rounds/bars say ” 1 Troy oz” and others just say 1 oz?
Great question. There are different standards of measure within the bullion world. The most common unit of measure in gold and silver bullion is the troy ounce, which is a little heavier than a regular ounce. A regular ounce weighs 28.35 grams, and a troy ounce weighs 31.1 grams. The silver and gold bars, rounds, and coins that Provident Metals sells are measured in troy ounce. The “troy” may be omitted due to physical constraints on character length, or plain oversight. It is safe to assume that if a silver or gold bullion product is 1 oz, we mean 1 troy ounce (31.1 grams).