Britannia 2023 1/10 oz Gold Bullion Coin (King Charles III)
Bullion | 999.9 Fine Gold
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Key Features:
- The obverse features the first coinage portrait of His Majesty The King
- The world’s first bullion coin to feature the first coinage portrait of His Majesty King Charles III
- Four advanced features make this a highly secure bullion coin
- Surface animation brings the background of waves to life
- The micro-text provides both decoration and protection
- Britannia’s shield bears the Union flag, which is accented with tincture lines
- Protected in a single coin capsule
The Royal Mint is famous for making precious metals products that blend traditional craft and innovative technology. For 2023, our Britannia bullion coin displays this combination to redefine security in the bullion market. As strong and as beautiful as ever, Philip Nathan’s 1987 Britannia design has been enhanced and protected just as the micro-text that borders the design states – ‘Decus et Tutamen’, which translates as ‘An ornament and a safeguard’. Surface animation provides a background to Britannia, reflecting the flow of waves as the coin is moved. A latent feature in the lower segment of the coin switches between a trident and a padlock based on the viewer’s perspective, emphasising Britannia’s maritime strength and the coin’s secure nature. Finally, details like the Union flag on Britannia’s shield have been highlighted by tincture lines, making this tenth-ounce 999.9 fine gold coin one of the most visually secure coins in the world.
These features are also available on the one kilo and one ounce fine silver, one ounce, half-ounce and quarter-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 1/10 oz Gold Bullion Coin (King Charles III)
| Specification | Value |
|---|---|
| Denomination | £10 |
| Alloy | 999.9 Fine Gold |
| Diameter | 16.50mm |
| Reverse Designer | Philip Nathan |
| Obverse Designer | Martin Jennings |
| Specification | Value |
|---|---|
| Quality | Bullion |
| Year | 2023 |
| Pure Metal Type | Gold |
| Pure Metal Content | 0.1 Troy Oz |
| Fineness | 999.9 |
| Packaging | Single Coin Capsule |
| Security Features | Micro-text | Latent image | Tincture lines | Surface animation |
