studying time: 2 minutes

The Royal Mint in the present day unveiled its 2023 Bullion Britannia coin. That is the primary bullion coin to bear the official mint portrait of His Majesty the King. They’re the primary mint on the earth to introduce the official portrait of the king on bullion cash.

Following the introduction of 4 progressive security measures on the Royal Mint’s Britannia bullion coin, its enchantment and demand skyrocketed worldwide. Being authorized tender, Britannia cash are exempt from Capital Features Tax (CGT) for UK residents. Britannia gold bars are additionally VAT exempt. This is applicable to Britannia gold bars within the type of cash and bars.

coin capabilities

Struck in nice gold, Britannia cash are safety marked and might be bought from the Royal Mint’s website. Beneath Britannia’s flowing gown, a trident turns into a padlock because the viewer adjustments perspective.

The floor animation on the coin displays the motion of waves. These further security measures enhance and defend the coin, in line with the mint. A micro textual content surrounding the design reads “Decus et Tutamen” which interprets to “A jewel and a safety”.

The value of Royal Mint bullion cash varies with adjustments within the value of gold. A 1oz nice gold bullion coin was bought for round £1,700 on the Mint’s website on Monday.

Andrew Dickey, Director of Treasured Metals at The Royal Mint mentioned:

“The Britannia bullion coin is acknowledged by buyers worldwide. Its popularity because the world’s most visually secure bullion coin has resulted in it changing into one of many Royal Mint’s hottest bullion cash.

“Whereas the design of the Britannia bullion coin stays constant, the dated 2023 concern begins a brand new chapter for Royal Mint bullion cash because the portrait of His Majesty the King seems for the primary time.

“Huge cash are a gorgeous possibility for a lot of buyers trying to diversify their funding portfolio due to their value, tradability and liquidity, in addition to the UK’s CGT exemption. Each bullion coin produced by The Royal Mint is a mix of outstanding design, craftsmanship and the most recent improvements, sustaining the requirements of high quality and accuracy you’d count on from a world-leading mint.”