The Britannia 1 oz bullion coin is a British bullion coin that is valued at 100 pounds. The coin itself weighs 31.1 g or a troy ounce of pure gold. The diameter of the gold Britannia is 32.69 mm for coins minted between 1987 and 2012. It is a 22-carat coin. Up to 1989, the gold bullion coin was mixed with copper and from 1980 to 2012, it was mixed with silver. The coin’s final colour is greatly affected by these mixtures.
From 22-carat, the coin was switch to a 24-carat coin in 2013. This became a bigger coin with a diameter of 38.61 mm. The resultant coin was flat and thin. It measured 1.58 0 1.65 mm thick. However, this large and flat coin design only lasted for a year. In the next year, 2014, the coin was returned to its diameter of 32.69 mm and a 2.8 mm thickness. However, it remained to be a pure 24-carat gold coin.
If you own either a 22-carat or 24-carat gold Britannia coin, it does not matter since the amount of gold on these coins are the same. If you want to sell them, both will command the same value.
The investment grade of the 2013 gold coins is 0.999 or 24-carat. Before this day, the investment grade of the gold Britannia was only 0.917 or 22-carat gold.
Since the gold Britannia Is considered legal tender in Britain, they are exempt from capital gains tax or CGT. Capital gains tax is a tax you pay from profits that you make when you sell some assets. So, if you sell your gold Britannia, you don’t need to pay any taxes on the profits that you will make. The profits are all yours to spend or reinvest.
These gold Britannia coins are also exempt from VAT. This is due to UK laws concerning gold bullion sales. This is why it is good to invest in gold bullion. You can store your wealth in a tax-efficient way.
The Design of Britannia 1 oz bullion coin
The front of the gold Britannia features the head of Queen Elizabeth II. It contains the words “100 pounds” and “Elizabeth II” on top.
This portrait of Queen Elizabeth is actually the fifth and her most recent portrait at the age of 89. This portrait was first introduced in 2015. Jody Clark, the engraver of the Royal Mint designed this portrait.
In this portrayal, Queen Elizabeth is seen wearing the King George IV State Diadem, just like the third portrait. This crown is the one that is typically worn during the annual state opening of Parliament.
The back of the gold Britannia features the image of Britannia, the British national icon. Britannia is a historical figure whose image has been seen on British coins even during the Roman empire.
In the 2020 gold Britannia coin, Philip Nathan’s classic design is featured. Britannia is standing in the midst of a storm displaying unyielding resolve.
In 1987, this image was chosen for the first gold Britannia coin. This image is now being honored as a great masterpiece.
The Britannia featured in the new gold coins is a perfect interpretation. The icon is presented with a strong maritime influence. Britannia is seen standing wearing a classical gown, windswept, and wearing a Corinthian helmet. Waves are at her feet. She brings a trident, a shield featuring the Union Jack, and an olive branch in her hand. This is the face of the gold bullion which speaks of strength and tradition, and which is easily recognized in the international market.
This design has recently been updated. In the new version, a speckled radial sunburst at her back is featured.
The History of Britannia
A female figure was usually personified for the provinces that were conquered by the expansion of the Roman Empire. This was made to create order and unity among the territories.
When the Roman army reached the British shores, the female figure of Britannia was used to symbolize the islands. The first appearance of Britannia on British coins was during the time of Emperor Hadrian more than 2000 years ago.
During the reign of Charles II in 1672, the image of Britannia was restored to British coins. Soon this image would appear on every coin for the subsequent monarchs. Britannia embodies British national pride. She is recognized all over the world as a trusted symbol of the quality of British minting.
Investing in Gold Britannia
Investing in gold has become popular since the 1970s especially when there was heavy inflation. The reason for this is that inflation does not affect gold. It retains its value at all times.
During times of economic uncertainty or difficulty, gold value appreciates. Thus, gold is something good to invest in.
Most gold coins are available in 1 oz denominations. You can also buy them in fractional denominations. This can give investors greater control over their investments since they can buy and sell their gold in increments.
Since gold coins are issued by official governments, investors are provided with greater security. They know that they are buying a quality investment.