2021 Queen’s Virtues – Truth 1oz Gold Proof NGC PF70 Ultra Cameo
The 2021 Queen’s Virtues – Truth 1oz Gold Proof combines a very small original issue with an unusual allegorical design and top-grade NGC certification.
Issued under the authority of St Helena, the coin forms part of The Queen’s Virtues, a six-coin series developed by The East India Company.
The series draws inspiration from the allegorical figures incorporated into the Victoria Memorial outside Buckingham Palace, exploring six virtues:
Victory, Truth, Charity, Justice, Courage and Constancy.
Truth follows Victory as the second design in the series.
The 1oz Gold Proof was produced in an extremely limited edition of:
250 coins worldwide
and contains:
1 Troy Ounce of 999.9 Fine Gold.
This particular example has subsequently been independently authenticated and certified by Numismatic Guaranty Company (NGC) as:
PF70 ULTRA CAMEO
with the additional:
FIRST RELEASES
designation.
At the time of checking on 30 August 2026, the NGC certification evidence supplied for this issue records:
NGC PF70 Ultra Cameo Population: 4
Higher Grades: 0
NGC Top Pop
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Why This Coin Stands Out
- Total Mintage: just 250 coins worldwide
- 1 troy ounce of 999.9 fine gold
- Struck to Proof quality
- Second design in The Queen’s Virtues series
- Represents the virtue of Truth
- Inspired by the Victoria Memorial outside Buckingham Palace
- Reverse designed by Elles Kloosterman
- £5 St Helena denomination
- Queen Elizabeth II obverse
- Certified NGC PF70 Ultra Cameo
- Highest numerical Proof grade
- First Releases designation
- NGC PF70 Ultra Cameo population of just 4
- 0 graded higher
- NGC Top Pop
The combination of an original worldwide mintage of only 250 coins and an NGC PF70 Ultra Cameo population of just 4 gives this particular certified example two separate and significant measures of scarcity.
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Specifications
Year: 2021
Issuing Authority: St Helena
Series: The Queen’s Virtues
Design: Truth
Series Position: Second Design
Denomination: £5
Metal: Gold
Fineness: 999.9 Fine Gold
Pure Gold Content: 1 Troy Ounce
Quality: Proof
Diameter: 32mm
Edge: Milled
Issue Limit: 250
Total Mintage: 250
Reverse: Truth
Reverse Designer: Elles Kloosterman
Obverse: Queen Elizabeth II
Grading Company: NGC
Grade: PF70 Ultra Cameo
Designation: First Releases
NGC PF70 Ultra Cameo Population: 4
Higher Grades: 0
NGC Status: Top Pop
Population Checked: 30 August 2026
The specifications for the exact Gold Proof issue record 999.9 fine gold, 1oz weight, £5 denomination, 32mm diameter, milled edge, an issue limit of 250 and total mintage of 250.
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Total Mintage of Just 250 Coins Worldwide
One of the most significant characteristics of the 2021 Truth 1oz Gold Proof is its extremely small original issue.
The published specification for the exact Gold Proof records:
Issue Limit: 250
Total Mintage: 250.
This gives us a much stronger and cleaner scarcity statement than simply describing the coin as “limited”.
For this particular certified example:
Worldwide Total Mintage: 250
NGC PF70 Ultra Cameo Population: 4
Higher Grades: 0
The figures measure two different things.
The 250 records the total original issue.
The 4 records the population displayed by NGC at PF70 Ultra Cameo when the certification information was checked.
NGC populations can change as further coins are submitted and certified, which is why the population figure is accompanied by the date of checking.
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The Queen’s Virtues Series
The Queen’s Virtues is a six-design series inspired by the allegorical figures associated with the Victoria Memorial, situated directly in front of Buckingham Palace.
The six virtues represented through the series are:
Victory
Truth
Charity
Justice
Courage
Constancy.
The series began with Victory, reflecting the winged figure that stands prominently above the Victoria Memorial.
Truth followed as the second design.
The concept links the virtues associated with Queen Victoria’s memorial with a modern series issued during the reign of Queen Elizabeth II.
For collectors, the series provides a defined six-design structure rather than an open-ended sequence of unrelated releases.
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Truth – The Second Queen’s Virtue
The second release focuses on:
Truth
The design takes its inspiration from the allegorical figure of Truth associated with the Victoria Memorial.
Truth is depicted as an allegorical female figure and is accompanied by the Latin:
VERITAS
meaning:
TRUTH
The inscription can be seen clearly on the reverse of the coin.
The wider Queen’s Virtues concept links Truth with honesty and integrity, presenting it as one of the fundamental qualities represented through the six-coin collection.
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Elles Kloosterman’s Truth Design
The Gold Proof specification credits the intricate Truth design to:
Elles Kloosterman.
The reverse presents the allegorical figure of Truth in a highly detailed composition derived from the imagery of the Victoria Memorial.
The design incorporates:
VERITAS
within the surrounding inscription, reinforcing the central theme of the coin.
The use of a classical allegorical figure connects the modern 2021 coin with the monumental sculpture from which the wider Queen’s Virtues series takes its inspiration.
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The Victoria Memorial
The inspiration behind the series can be found immediately outside Buckingham Palace in London.
The Victoria Memorial was created to commemorate Queen Victoria and incorporates numerous allegorical figures representing different virtues and ideals.
The figure of Victory occupies the summit of the monument, while other figures represent virtues including Truth, Justice, Charity, Courage and Constancy.
The East India Company’s Queen’s Virtues series translates these monumental allegories into individual precious-metal coin designs.
This gives the series a direct artistic connection with one of London’s most recognisable royal monuments.
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Queen Elizabeth II Obverse
The obverse features:
Her Late Majesty Queen Elizabeth II
together with the coin’s St Helena denomination and identifying inscriptions.
The presence of Queen Elizabeth II is particularly appropriate to a series exploring qualities associated with queenship.
The 2021 date also places the issue within the final years of the long reign of Queen Elizabeth II, which ended in 2022.
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One Troy Ounce of 999.9 Fine Gold
The 2021 Truth Gold Proof contains:
1 Troy Ounce of Gold
and is struck in:
999.9 Fine Gold / 24 Carat
The exact Gold Proof specification records:
Alloy: Fine Gold – 999.9 Au
Weight: 1oz
Denomination: £5
Diameter: 32mm
Edge: Milled.
The coin therefore combines a full troy ounce of high-purity physical gold with Proof manufacture, an extremely limited original mintage and a defined position within the six-design Queen’s Virtues series.
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Proof Quality
The 2021 Truth 1oz Gold coin offered here was produced to Proof quality.
Proof coins are specially produced for the collector market, with preparation and striking intended to create sharply defined design elements and highly reflective fields.
That distinction is particularly relevant to this example because NGC has awarded the coin its:
ULTRA CAMEO
designation.
Ultra Cameo recognises the pronounced visual contrast between the frosted design elements and mirrored fields associated with high-quality Proof coins.
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NGC PF70 Ultra Cameo
This particular example has been independently authenticated, encapsulated and graded by NGC as:
PF70 ULTRA CAMEO
PF70 represents the highest numerical Proof grade on NGC’s 70-point grading scale.
A grade of 70 represents the highest numerical level available, while the Ultra Cameo designation identifies the strong contrast between the Proof coin’s frosted devices and mirrored fields.
This example therefore combines:
NGC’s highest numerical Proof grade
with:
NGC’s Ultra Cameo designation
There is no numerical grade higher than 70.
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NGC First Releases
This particular example also carries NGC’s:
FIRST RELEASES
designation.
The designation is displayed prominently on the coin’s NGC First Releases Blue certification label.
First Releases is separate from the numerical grade and Ultra Cameo designation.
It does not mean that this particular coin was necessarily one of the first examples physically struck.
Rather, it is an NGC certification designation relating to qualifying coins received within NGC’s designated early-release period.
This example therefore carries three separate certification characteristics:
PF70
Ultra Cameo
First Releases
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NGC Population – Just 4 in PF70 Ultra Cameo
This is one of the strongest characteristics of the certified coin offered here.
At the time of checking on 30 August 2026, the NGC certification evidence supplied for this exact issue records:
NGC PF70 Ultra Cameo Population: 4
Higher Grades: 0
NGC Top Pop
For clarity:
Worldwide Total Mintage: 250
NGC PF70 Ultra Cameo Population: 4
Higher Grades: 0
Status: Top Pop
The original mintage and NGC population measure different things.
The 250 relates to the original worldwide issue.
The 4 represents the number displayed by NGC at PF70 Ultra Cameo when the population was checked.
This makes the certified population considerably smaller than the already limited original issue.
NGC Census figures can change as additional coins are submitted and certified, which is why Sterling Bullion Partners records the date on which the population was checked.
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A 250-Coin Gold Proof with a PF70 Population of Just 4
This particular coin brings together:
2021 St Helena Queen’s Virtues – Truth
Second design in the six-coin Queen’s Virtues series
Total worldwide mintage of just 250
1 troy ounce of 999.9 fine gold
Proof quality
Elles Kloosterman reverse
Queen Elizabeth II obverse
NGC PF70 Ultra Cameo
NGC First Releases
PF70 Ultra Cameo population of just 4
0 graded higher
NGC Top Pop
These characteristics give the coin several distinct areas of collector interest rather than relying on a single measure of scarcity.
The combination of a 250-coin worldwide issue and an NGC PF70 Ultra Cameo population of only 4 is particularly noteworthy.
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Image Information
The slab images shown may include digitally produced representations for presentation purposes, with certification numbers and barcodes omitted.
Where detailed close-up photographs of the actual coin are shown, these provide a closer view of the genuine coin offered for sale.
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Why Buy from Sterling Bullion Partners?
Every certified coin offered by Sterling Bullion Partners is carefully selected for its quality, authenticity and collector appeal.
When purchasing from Sterling Bullion Partners, you benefit from:
- Carefully selected certified coins
- Independently authenticated and professionally graded examples
- Detailed grading and population information
- Fully insured UK delivery
- Secure protective packaging
- Experienced customer support
- A UK precious-metals dealer committed to accuracy and transparency
With its 250-coin worldwide mintage, one-ounce 999.9 fine-gold content and NGC PF70 Ultra Cameo First Releases Top Pop certification, the 2021 Queen’s Virtues Truth represents an exceptionally limited certified modern Gold Proof.
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