LONDON – The Mint of the United Kingdom, the Royal Mint, released limited edition silver coins on Wednesday to celebrate the second birthday of Prince George of Cambridge on July 22.
The eldest son born to the Duke and Duchess of Cambridge, William and Kate Middleton, and the third in line to the throne will turn 2 next week, an occasion that has been marked with the circulation of 7,500 five-pound (about $8) coins.
Each coin, however, fetches a price of 80 sterling pounds ($124) on the Royal Mint’s website.
The director of commemorative coin and bullion at the Royal Mint, Shane Bissett, said the choice of metal is informed by British custom.
“The tradition of crossing the palm of a newborn baby with silver is a way to wish them wealth and good health throughout their life,” he said.
One side of the coin features a depiction of the legend of St. George and the dragon, and on the other is a portrait of Queen Elizabeth II.
Bissett also said that the name ‘George’ has “links” to the monarchy’s history and the minting of their currencies.
Queen Elizabeth II and the Duke and Duchess of Cambridge approved the commemorative piece, in addition to two others issued July 5 to mark the baptism of Princess Charlotte, George’s little sister and fourth in line to the throne.