A coin of conviction: My 2015 silver £20 Sir Winston Churchill coin

Every stacker remembers those early purchases, the ones that weren't about flipping profits or building wealth, but about marking a moment, locking in a little silver, and enjoying the simple satisfaction of owning something timeless.
For me, one of those early coins was this 2015 £20 for £20 Sir Winston Churchill Silver Coin, released by The Royal Mint. It came at a time when I was just beginning my journey into precious metals. I was learning the ropes, reading forums, watching the markets, and like many newcomers, I was drawn in by the idea of a government-issued silver coin with a face value that matched the price. No gimmicks. No premiums. Just a fair trade: £20 for a £20 coin.
What made this coin even more special, though, was the year itself—2015. The year my son was born. That alone was reason enough to grab it. I wanted something meaningful I could pass on to him one day. A piece of silver with historical significance, national pride, and a direct link to one of the most iconic figures in British history.
The design features Sir Winston Churchill, resolute and defiant in his signature bow tie, captured with a stern gaze that speaks volumes of the leadership he offered during Britain's darkest hours. It was issued to commemorate the 50th anniversary of his passing, and The Royal Mint did justice to the man who embodied strength, perseverance, and a relentless belief in freedom.
Now, let’s be honest—this coin isn’t a moneymaker. Even now, nearly a decade on, it’s still hovering around its original purchase price on the secondary market. And that’s fine. Because, in many ways, that’s the beauty of it. With a legal tender value of £20, I know I’ll never lose out. It’s a low-risk, entry-level coin that introduced me to the world of stacking and collecting with a sense of meaning rather than speculation.
Will I ever make a return on it? Maybe. Maybe not. But it’s not really about that. It’s about what the coin represents. A moment in time. A wise investment in silver. A token of history. And a gift for my son that one day, I hope, will mean just as much to him as it did to me when I bought it.
In a world where we often chase the next big thing, sometimes it’s the small, steady pieces that remind us why we started stacking in the first place.
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Makes me wonder what the objective of this program 20 for 20 was intended to do.
I like the idea of circulating coins having some intrinsic value once again. Maybe they thought it would take off and they could make it a more regular, annual thing. The fact that it has a face value, reassures me that ill not lose any more(just value). Its been a full 10yrs and i cant buy nearly as much stuf for the £20 i spent back then that i can now.
I believe a similar program was floated years ago in Mexico as some business strike coins went into circulation with a certain weight of silver. Was it a way of making the Peso appreciate against the USD? Could be. The ideal got quashed and the silver content coins went into hiding.
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I had all of Canada's $20 for $20, $50 for $50, $100 for $100, and 200 for $200. I deposited them all into a bank and bought bullion with it. I didn't like the shenanigans around it.
The bank lady was from India and said she was going to withdraw them and send them back home to India. So that's cool I guess.
Ive often thought about jus returning them to the bank, but it turns out, my bank doesnt have to accept them as a form of deposit. I can get around this, by depositing the coins to a post office, and have them transfer the fuds to my bank account.... Its funny how banks dont accept legal tender, madenof silver, but plastic polymer notes, with the number 20 written on it, is accepted as "money". Ohhh what a crazy world we live in!!