THE CORONATION GOLD CUP
Item: Gold Cup Description: The Coronation Cup Hallmark: London 1965/66 by Garrard & Co. Ltd. Dimensions: 107mm diameter top rim; 255mm high; 378.5 grams weight
Comments: We are offering a very rare opportunity to own a superb quality 9ct gold cup. Not only does this piece have a high intrinsic metal value, but also it is a beautiful object in itsí own right with an important provenance as a famous horse racing trophy.
Its' value as an Objet díArt:-
is a fantastic looking piece in the Arts & Crafts taste. It has an elegance
of design that was typical of the Edwardian period. The subtle attention to
detail, such as the tear drop motifs around the base and the finial, the
facetted stem and the acanthus leaf design around the top rim, give the cup
great style and presence.
cup is in superb polished condition and exudes a glimmering opulence.
cup was made by Garrard the Crown Jewellers (i.e. by appointment to Queen
Elizabeth II). Garrard and Company have held the Royal warrant since 1843 when
the honour was bestowed upon them by Queen Victoria. Garrards have always been
one of the first points of call for the commissioning of important sporting
trophies. The Americaís Cup, English Premier League Trophy and the Cricket
World Cup are but a few examples.
Garrard were taken over by the Goldsmiths & Silversmiths Company Limited in 1952 and this name is stamped to the underside of the cup.
It's value as a piece of Horse Racing history:-
Coronation Cup is a group 1 flat horse race which is open to thoroughbreds over
four years of age. It is run at Epsom Downs over a distance of 1 mile, 4
furlongs and 10 yards (2,423 metres), and takes place every June.
The event was established in 1902
to commemorate the coronation of a new British monarch, King Edward VII.
The race is presently contested
on the opening day of Epsom's two-day Derby Festival meeting. Its distance is
the same as that of both the Derby and the Oaks, and it often features horses
which competed in those events in the preceding seasons.
cup was presented for the 66th running of the race in 1967. The race
was won by Charlottown, which has the rare distinction of having won the Epsom
Derby the previous year.
the cup and cover are made of 9ct gold. Each piece is individually hallmarked to
guarantee itsí 375 standard of gold. The weight of the overall piece is 378.5
grams (the cup is 280.5g and the cover weighs 98g).
At the recent highest price of the UKís gold bullion market on 8th June 2010 (£27.889/gram 24ct gold), the intrinsic metal value (37.5% pure gold) of this piece was £3958.50. With the current insatiable appetite for gold as a safe haven, the metal price will certainly rise above and beyond this level. In the last 12 months, the price of gold has risen by a phenomenal 60%+ and in the last five years has gone up by an incredible 375%!
So, this fine cup has three potential investment areas; itsí gold value, itsí aesthetic appeal and itsí historical sporting value. Put the three together and you have a beautiful piece of gold bullion with a wealth of historical talking points Ė surely far more interesting than an ingot or stock/shares certificate!