Close X Cookies are necessary for the proper functioning of 24hGold.com. By continuing your navigation on our website, you are accepting the use of cookies.
To learn more about cookies ...
EnglishFrench
Gold & Silver Prices in
In the same category

Gold coins: the United Kingdom´s Gold Britannia

IMG Auteur
 
From the Archives : Originally published December 05th, 2011
643 words - Reading time : 1 - 2 minutes
( 1 vote, 4/5 ) , 1 commentary
Print article
  Article Comments Comment this article Rating All Articles  
[titre article pour referencement]
0
Send
1
comment
Our Newsletter...
Category : Gold University

 

 

 

 

The United Kingdom´s Gold Britannia has been minted by the British Royal Mint since 1987. It appears in four different weights, ranging from 1/10 to 1-ounce coins. Each of the Britannia´s coin weights have a different nominal value, ranging between £10 and £100. 150,000 of the new edition of the Gold Britannia´s are minted every year, meaning that the coin has a global market share of 1% – making it to one of the world´s most popular bullion coins. On its front side it depicts the British Isles. The reverse side shows the profile of Queen Elizabeth II. The Gold Britannia is officially accepted legal tender in the United Kingdom.





The bullion coin´s motifs remained unchanged from 1987 to 1996. Since the Britannia´s 10-year anniversary in 1997, the British Royal Mint got back to an initial draft designed by Philip Nathan. From 2001 to 2007, a special Britannia motif was used in odd-numbered years. On its front side, the gold coin shows the Britannia motive and the words "One Ounce Fine Gold Britannia 1987". The classic design of the Gold Britannia shows the inscription "P. Nathan", which indicates a high quality proof edition. The coin´s reverse side shows the portrait of Queen Elizabeth II. Besides the inscription "Elizabeth II Dei Gratia Regina FD", the coin´s nominal value is depicted. Just like in the case of Australian and Canadian gold coins, the Queen´s portrait will be adjusted from time to time.


The coin has a gold purity of 91.7% (.917), which corresponds to a 22-carat coin. Britannia coins were alloyed with copper until 1989, which gave the first Britannia edition its reddish colour. In the following years, silver was added instead of copper, which provides the coin with its warm yellow colour until today. The Britannia is available in four different weights of 1 ounce, ½ ounce, ¼ ounce, as well as 1/10 ounce. The 1-ounce coin has a nominal value of £100, which corresponds with the highest face value among all global bullion coins. The 1-ounce coin weighs 34.05 grams and has a gold content of 31.1 grams. The ½ ounce coin has a nominal value of £50 and its weight is at 17.03 grams, offering a gold content of 15.552 grams. While the ¼ ounce coin has a nominal value of £25, the face value of the 1/10 ounce coin is at £10. The ¼ ounce coin weighs 8.51 grams, coming with a gold content of 7.776 grams. A 1/10 ounce coin weighs 3.41 grams and has a gold content of 3.11 grams.



Standard weights of the Gold Britannia

Coin

Nominal Value

Weight

Purity

Gold content

VAT

Gold Britannia

£100

1 ounce/td>

.917

31.10 g

0%

Gold Britannia

£50

1/2 ounce

.917

15.552 g

0%

Gold Britannia

£25

1/4 ounce

.917

7.776 g

0%

Gold Britannia

£10

1/10 ounce

.917

3.110 g

0%



The nominal value of the respective coin sizes should not be confused with their real value. The respective coin values are solely dependent on current gold spot prices as indicated by the London gold fix, and nominal values of respective coin weights might be far exceeded by the weight value. The British Royal Mint sells its 1-ounce gold coins at a premium of 3% to global gold traders compared to current fixing prices at global gold markets. The smaller the Britannia´s coin weight the higher the premium, making the 1/10 ounce the most expensive coin version in relation to its intrinsic value. The purchase of gold coins is VAT-free – in contrast to silver coins – in all states of the European Union as well as in Switzerland. In each minting year, the British Royal Mint also produced so-called proof versions of the Britannia. The coin´s proof versions are usually available only in sets of all four coin sizes, as well as in pairs of the two smallest sizes.

 

 

Thanks to Goldmoney from www.goldmoney.com
Companies Mentionned : Canadian Gold |
Data and Statistics for these countries : United Kingdom | All
Gold and Silver Prices for these countries : United Kingdom | All
<< Previous article
Rate :Average :4 (1 vote)
>> Next article
Latest comment posted for this article
"The Britannia is available in four different finenesses of 1 ounce, ½ ounce, ¼ ounce, as well as 1/10 ounce." You all need to proof read before you post. The Britannia is available in four different "weights"... All have the same fineness of .917.  Read more
overtheedge - 12/7/2014 at 5:23 PM GMT
Rating :  1  0
Top articles
Latest Comments
When Even the Fed Is Confused, W...
18:52user4779
Great article! Will you please do a follow-up article on precisely how a fixed ratio can be maintained---the right way and the wrong ways---and per...
Job Site of the Future: Unmanned...
18:46Doom
Exactly! That's why the cotton gin and industrial steel mills closed down immediately and had no effect on the economy. Oh, wait. Nvm.
Marine Le Pen Soars Into Lead in...
30 Januser47791
Some of the polled people must be voting for 2 presidents: the combined votes total at least 134%.
Are You Sure You Want to Delete ...
30 Jan077885258331
are you mad if you save where the government can see it touch it feel it they will take it, either through inflation, taxes or confiscation th...
Greece's Debt: Guess Who Pays in...
28 Janbelville19071
I have read better analysis from Adrian: Greece is in an extremely strong position and the EC has to give in. If Greece leaves and defaults on its ...
Koos Jansen: India's silver expo...
26 JanDoom
Heh, the title doesn't match the subject. I would have been shocked if India was really exporting silver, much less exporting a record.
Education is Too Important Not t...
26 Jansam_site1
Right on Ron. Americans don't understand that we have been fed a distorted version of history taught in our schools. The constant attempts by cri...
Job Site of the Future: Unmanned...
26 Janrhaacke
All this fear of automation taking over jobs is completely unfounded. It will never be possible for machines to make everyone unemployed. If everyo...
Most commented articlesFavoritesMore...
World PM Newsflow
ALL
GOLD
SILVER
PGM & DIAMONDS
OIL & GAS
OTHER METALS
Comments closed
  All Favorites Best Rated  
"The Britannia is available in four different finenesses of 1 ounce, ½ ounce, ¼ ounce, as well as 1/10 ounce."

You all need to proof read before you post.
The Britannia is available in four different "weights"...
All have the same fineness of .917.
Rate :   1  0Rating :   1
EmailPermalink
Subscribe to 24hGold’s daily market briefing
  • Prices and data of precious metals in 119 currencies and world mining companies
  • Daily analysis of the economy, markets and more
  • Free, daily and indispensable
Stay informed, subscribe now !
* Your email will never be shared.