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1 Penny - Elizabeth II Loaghtyn sheep, Platinum

Issuer Isle of Man
Year 1976-1979
Type Non-circulating coin
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Reverse script Latin
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Mintage 1976 PM - Proof - 600
1978 PM - Proof - 600
1979 PM - Proof ;stylized triskelion privy mark - 500
Additional information

The Isle of Man began issuing its own decimal coinage in 1971 following the Decimal Day reforms, but the decision to strike circulation denominations in platinum was an entirely separate commercial calculation — aimed squarely at the collector and bullion market rather than any pocket. The Manx Treasury contracted with Pobjoy Mint, which aggressively marketed precious-metal variants of everyday denominations throughout the 1970s as vehicles for investment and novelty.

Platinum at .950 fineness for a one-penny denomination is a studied absurdity: the intrinsic metal value dwarfed the face value from the moment of striking.

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