Mixed Year Gold Britannia 1oz
Mixed Year Gold Britannia Coins
The Mixed year Gold Britannia is the largest denomination coin in the UK with a face value of £100.
Previously issued in 22c purity, it has been updated to 24c since 2013.
The obverse illustrates the fifth portrait of Queen Elizabeth II, while the reverse features Philip Nathan’s classic design of Britannia holding a trident.
The coin was first issued in 1987 as the UK’s 1oz answer to the ever popular Krugerrand.
Please note, the image is for illustration purposes only. Your actual coins can be any year mintage except the current latest year.
History & Design
After years of relying on the Gold Sovereign as its flagship issue, the Royal Mint finally launched the 1oz Gold Britannia in 1987. This came 20 years after the Rand Mint launched the famous Krugerrand, the first coin to contain exactly 1oz of gold. Due to the South African coin’s huge popularity it soon became the most widely produced coin in the world. The Royal Mint decided it was time to get a piece of this action, especially as the Sovereign coin’s gold content (0.2354oz) has always been less straighforward to market and track its price.
Like the Krugerrand (and indeed the Sovereign), the Gold Britannia was first minted in 22 carat gold which offers a more resilient and hardy finish. The Mint updated this from 2013 onwards as they ramped up the marketing and distribution efforts into the lucrative Asian market, who only buy 24 carat gold. Issued with a face value of £100, it represents the largest legal tender value of any UK coin. Smaller denominations followed suit like the Half Britannia, Quarter ounce, and tenth ouce. In 1997, the Royal Mint launched the Silver Britannia coin to capitalise on the ever growing silver investment market.
The classic design of the renowned Britannia, standing with a shield and trident, remained unchanged for the first decade of issuance. The variations of the design have been created on alternate years since, featuring versions of Britannia seated, riding a chariot and with a lion.
Our Expert Opinion
The Gold Britannia is fast becoming the go to coin for gold investment. Its one ounce size keeps premiums to a minimum, while its legal tender status enables the investor to shield any profits from the tax man. The alternate year design updates add further to the coins’ desirability and collectability, further enahncing possible future returns. Due to the relatively short history of the Gold Britannai (celebrating only its 30th anniversary in 2017) and its growing reputation as a great investment, very few buyers want to sell. Therefore, mixed year Britannias only tend to come onto the market from time to time, or in small numbers. This lack of supply can further increase value, but buyers should be careful not to pay over the odds when the coins are very difficult to source. Certainly, any special offers on the coins should be snapped up. A cheaper alternative is the new Gold Britannia which trades cheaper as it is far more abundant and hasn’t yet got any history.
We’d always recommend pairing the Britannias with Sovereigns and other UK tax free coins to produce a portflio of varying size coins, age and numismatic value.
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