July 10, 2014 – Coin Invest Trust has issued a new coin for the official PGA TOUR series. PGA TOUR organises a series of prestigious golf tours for professional players. Golf fans and coin collectors alike will appreciate this coloured silver coin. The inlaid golf bag is made of leather.
Cook Islands / 5 Dollar / Silver .925 / 20 g / 38,61 mm / Mintage: 2.500.
The coin’s obverse shows a portrait of Elizabeth II, official head of state of the Cook Islands. Engraved along the edges are her name, Elizabeth II, the issuing country, Cook Islands, and the nominal value, 5 Dollars.
The coloured reverse portrays a golf player hitting a ball into the hole, next to him a wheeled cart golf bag. On the left, the official PGA TOUR logo, below the year of issue, 2014. The upper edge reads the PGA TOUR’s motto ‘Heritage – Sportsmanship – Respect’.
A major aspect is the athletic challenge. World-class players, above all from North America, compete in the tournaments under the condition that they already deliver top performances in the play-offs. The public interest in the event also generates high revenues. In 2005, some 715 million viewers worldwide watched the events on TV and the live tournaments attracted crowds of people as well. All the money not used to cover the event costs is donated to charity by PGA TOUR. With 1 billion US dollars, the event generated an all-time high donation sum in 2005. But already in 2013, revenues almost doubled this extraordinary sum.
This is the fourth coin in the series officially issued in cooperation with PGA TOUR. The first coin, from 2012, is sold out. Special feature of this coin is the inlaid leather golf bag.
PGA TOUR is the main organiser of several golf tours. Among them, the PGA Tour is the highest-paying golf tour worldwide: in 2010, the total prize money was $270 million. PGA TOUR organises more than 40 events a year and 2014 is the 99th year since the foundation of the non-profit-organisation.
The coins are minted by B.H. Mayer’s Kunstprägeanstalt GmbH. Collectors can purchase the issue through specialty dealers.
More information on this coin is available on the website of Coin Invest Trust.
This is the official website of PGA TOUR.
And you can find articles on the two previous issues in this series here and here.