The Gold British Britannia was first introduced by the British Royal Mint in 1987. This is the first gold coin introduced by the Royal Mint to be minted in Ounce denominations. The gold Britannia coin is available in 1 Ounce, 1/2 Ounce, 1/4 Ounce and 1/10 Ounce denominations. The most popular sized gold Britannia for individuals looking to invest in gold coins is the 1 Ounce gold Britannia.
Gold Britannia History
The Britannia Gold coin series features an image of Lady Britannia on the front. The image of Lady Britannia was first created under the Roman Empire, when the British Isles were conquered and renamed Britannia. Shortly after, Emporor Hadrian introduced Lady Britannia on coinage (this was around the year 119AD). Lady Britannia was reintroduced onto British coinage in the late 1600s by Charles II.
The current version of the Britannia gold coin was issued in 1987 in response to an increase worldwide in demand for investment grade gold coins. Britain already sold the gold Soverign coin to individuals looking to invest in gold. However, this coin was introduced as an ounce denomination gold coin for bullion investors. The coin was instantly popular.
About the Britannia
When they were initially released the Britannia gold coin had a fineness of .917, or 22 carate pure gold. However, in 2013, the gold content of this coin was increased up to .9999, or 24 carat pure gold. The primary non-gold alloy used in these coins to increase their hardness was copper, until 1989, and then silver. All 1 Ounce Gold Britannias have a face value of £100. The fractional 1/2 ounce, 1/4 ounce and 1/10 ounce gold coins have respective face values of £50, £25 and £10.
The Britannia gold coin that was first issued in 1987 depicts an image of Lady Britannia walking on water, with a trident in one hand and a shield in the other. Inscribed around the edge of the coin are the words 'Britannia 1 Oz 999.9 fine gold, with the year of minting included. The design on this coin has remained the same since its initial issuance in 1987.
The Britannia gold coin is a really popular coin with clients investing in gold, due to the recognisibility of the coin and the beautiful design. As with all government issued gold coins that have a legal tender value, this coin is VAT-exempt, in the UK and in the EU. Furthermore, no capital gains tax is payable on any profits earned on these coins for residents of the United Kingdom under UK tax law. This makes them a very attractive gold investment choice for UK residents.
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