The Royal Mint unveiled new gold bullion – MoneyMagpie
The Royal Mint has unveiled its 2023 Bullion Britannia coin today. This is the first bullion coin to bear His Majesty The King’s official coin portrait. They are the first Mint in the world to introduce the King’s official portrait onto bullion coins.
After the introduction of four innovative security features onto The Royal Mint’s bullion Britannia coin, its appeal and demand soared globally. Due to their legal tender stats, Britannia coins are exempt from Capital Gains Tax (CGT) for UK residents. Gold Britannia bullion is also VAT free. This is the case for gold Britannia bullion in the form of both coins and bars.
Struck in fine gold and enhanced with security features, Britannia coins can be purchased from The Royal Mint’s website. Below Britannia’s flowing gown, a trident becomes a padlock as the viewer changes their perspective.
Surface animation on the coin reflects the movement of waves. These added security features both decorate and protect the coin, the Mint said. Micro-text that borders the design states “Decus et Tutamen”, which translates as “An ornament and a safeguard”.
The price of Royal Mint bullion coins varies, depending on changes to the gold price. A 1oz fine gold bullion coin was on sale on the Mint’s website on Monday for around £1,700.
Andrew Dickey, Director of Precious Metals at The Royal Mint, said:
“The Britannia bullion coin is globally recognised across the world by investors. Its reputation as the world’s most visually secure bullion coin has led to it becoming one of the most popular bullion coins produced by The Royal Mint.
“While the design of the bullion Britannia coin remains consistent, the 2023 dated edition begins a new chapter for Royal Mint bullion coins, as His Majesty The King’s portrait appears for the very first time.
“Bullion coins are an attractive option for many investors looking to diversify their investment portfolio due to their value, tradability, and liquidity as well as CGT exemption in the UK. Each bullion coin produced by The Royal Mint is a combination of exceptional design, craftsmanship and latest innovation upholding the standards of quality and accuracy that you’d expect from a world-leading mint.”