





Britannia 2023 1/2 oz Gold Bullion Coin (Queen Elizabeth II)
Bullion | 999.9 Fine Gold
Choose your option
Key Features
- Each Britannia 2023 bullion coin featuring the fifth and final effigy of Queen Elizabeth II has a limited production run. A Britannia coin featuring King Charles III’s first effigy will be released in the new year.
- A latent image changes from a padlock to Britannia’s trident
- Surface animation creates a background of moving waves
- The micro-text provides both decoration and protection
- Britannia’s shield bears the Union flag, which is accented with tincture lines
- The coin comes in a single coin capsule
Britannia has represented a nation and its people since Roman times and more than two thousand years later the icon is still instantly recognisable on a bullion coin. For 2023, Britannia continues to define security in the bullion market as she appears on a coin that has four groundbreaking features. Surface animation provides a background for Britannia, reflecting the flow of waves as the coin is moved, and between this and the banding of the coin you will find micro-text with the wording ‘Decus et Tutamen’, which translates as ‘An ornament and a safeguard’ and describes the features that both decorate and protect the coin. A latent feature in the lower-hand segment of the coin switches between a trident and a padlock based on the viewer’s perspective – emphasising her maritime strength and the coin’s secure nature – and details such as the Union flag on Britannia’s shield have been specially highlighted with tincture lines. The advanced features have been combined to create a stunning Britannia design that is also the most visually secure bullion coin in the world.
These features are also available on the one kilo and one ounce fine silver, one ounce, quarter-ounce and tenth-ounce fine gold.
How are bullion prices calculated?
The 'buy' and 'sell' prices shown on the website represent the market value of raw vaulted metal in an 'unallocated' form. This is the standard way prices are quoted throughout the bullion industry. In order for The Royal Mint to deliver beautifully crafted precious metals products to your address, or to our vault, a number of processes must take place, all of which incur a cost. These processes include transportation, refining, minting, quality checking and merchandising.
The price at which The Royal Mint is able to sell bullion products to consumers is therefore made up of the 'spot price' (the buy price) plus an additional premium. The premium accounts for the costs incurred in manufacturing a particular product and is usually either a percentage of the buy price or a fixed monetary amount. In short, manufactured bullion products always sell at a premium to enable retailers and manufacturers to cover their costs.
Can I spend/pay using my bullion coins?
All UK coins, whether circulating or non-circulating, are authorised as “legal tender” by Royal Proclamation, in accordance with the Coinage Act of 1971.
Legal tender allows UK coins to be accepted for payment of debts in court – but, only circulating legal tender coins are designed to be spent and traded at businesses and banks. The Royal Mint creates commemorative and bullion coin series to celebrate key moments or individuals, and these are treasured for their collectable and aesthetic value, or purchased for investment opportunities. However, these non-circulating, commemorative and bullion coins are limited edition and will not enter general circulation – meaning banks and businesses are not required to accept them.
For more information on legal tender guidelines see: www.royalmint.com/aboutus/policies-and-guidelines/legal-tender-guidelines
Specification
Britannia 2023 1/2 oz Gold Bullion Coin (Queen Elizabeth II)
Specification | Value |
---|---|
Denomination | £50 |
Alloy | 999.9 Fine Gold |
Diameter | 27.00mm |
Reverse Designer | Philip Nathan |
Obverse Designer | Jody Clark |
Specification | Value |
---|---|
Quality | Bullion |
Year | 2023 |
Pure Metal Type | Gold |
Pure Metal Content | 0.5 Troy Oz |
Fineness | 999.9 |
Packaging | Single Coin Capsule |
Security Features | Micro-text | Latent image | Tincture lines | Surface animation |