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Values Of 1 Oz Britannia Gold Coin
Posted: Feb 24, 2022
Britannias, which were introduced in 1987 and are free from Capital Gains Tax (CGT), are a low-margin gold investment. We are honored to be a British authorized distributor. We also offer 1/2 oz, 1/4 oz, and 1/10 oz gold Britannia coins, which have a lesser face value than the popular 1 oz Britannia gold coin.
Our prices are updated at one-minute intervals, so you can be sure you're always getting the best deal on precious metal spot pricing. Orders are normally sent within two business days, and are packaged and insured for safe delivery by one of our carefully chosen shipping partners.
- Have you ever puzzled why the face value of your gold coin is ten times its face value? A 1 ounce gold Britannia, for example, has a face value of £100. However, the coin is worth over £1400.
- It all has to do with the fact that these coins are accepted as legal money in the United Kingdom. Which implies you may use your gold Britannia to pay for products or services just like any other currency in your purse or wallet. However, you'd have to be insane to spend such a valuable amount on only £100 worth of merchandise!
- Why does the coin have such a high value? Because one troy ounce of pure gold is contained within it. Gold is currently trading for approximately £1 400 per ounce on the spot market.
- So, wouldn't it make sense to increase the face value of a 1 ounce gold Britannia to reflect its true value? There are two compelling reasons why this is not feasible:
- The Royal Mint's Britannia gold coin 2021 1oz bullion coin is a pure 24-carat, 999.9 gold coin. Some of the most sophisticated security features ever seen on a coin have been incorporated on the 2021 coin.It has already been dubbed "the world's most secure currency."
- The Britannia Gold Coin is a British gold coin:
The introduction of a British currency was an easy decision after the popularity of its predecessors, such as the Maple Leaf, the Krugerrand, and the American Eagle. What better symbol for such a currency than a depiction of the goddess of protection of the British Isles? Britannia is a really heroic sight, with her wind-swept robe, trident, and Union Jack-emblazoned shield. The Britannia coin is extremely popular in the United Kingdom, and it is free of CGT and VAT, making it an excellent investment option.
We offer totally free info pertaining to a whole array of gold coins in the gold market. We constantly update our blog with fresh content, so be sure to check back for updates.