Gold Standard 2020 1/4 oz Gold Bullion Coin
Bullion | 999.9 Fine Gold
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Designed in 2016 to mark 200 years since the de facto introduction of the gold standard – tying the value of the British pound to that of gold – the Gold Standard 2020 coin is an exclusive offering from Royal Mint Bullion. Featuring the work of Royal Mint graphic designer Dominique Evans on its reverse, and Jody Clark's official portrait of Her Majesty The Queen on the obverse, the Gold Standard coin is offered as a quarter-ounce bullion coin struck in 999.9 fine gold.
The implementation of the gold standard came as part of the same series of actions that saw the iconic Sovereign reintroduced after many years out of production. Long referred to as the 'chief coin of the world’, The Sovereign continues to serve as the highlight of many collections and is also available as a bullion coin.
The Royal Mint, of course, has been working with, storing and striking gold for hundreds and hundreds of years. And arguably the road to Britain’s official adoption of a gold standard stretches deep into that history – such as when Sir Isaac Newton issued a report that led to the gold ‘guinea’ coin being assigned a fixed value.
Britain’s gold standard was written into law in 1821, with a number of countries soon following her lead, such as Canada, the United States and Germany. Ultimately, however, the United Kingdom's gold standard was abandoned in 1931, though some would like to see it return.
Key Points:
- ¼ oz of 999.9 fine gold (24 carat gold)
- Produced exclusively by Royal Mint Bullion
- Exempt from Capital Gains Tax and VAT for UK residents
- Finished to The Royal Mint’s bullion standard
- Individually packaged in a single coin capsule
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
Gold Standard 2020 1/4 oz Gold Bullion Coin
| Specification | Value |
|---|---|
| Denomination | £25 |
| Alloy | 999.9 Fine Gold |
| Diameter | 22.00mm |
| Reverse Designer | Dominique Evans |
| Obverse Designer | Jody Clark |
| Specification | Value |
|---|---|
| Quality | Bullion |
| Year | 2020 |
| Pure Metal Type | Gold |
| Pure Metal Content | 1/4 Troy Oz |
| Fineness | 999.9 |
| Packaging | Single Coin Capsule |
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