Between the 28th of March and the 4th of April, we are conducting our annual stock take, an essential process in our operational calendar. This meticulous procedure is integral to maintaining the integrity and accuracy of our inventory, reflecting our heritage and commitment to security as a trusted British organisation.
Due to this important activity, delivery time-frames for orders placed during this period will be extended. We carefully plan our stock take to ensure minimal disruption to our customers while upholding our standards of excellence and security. We appreciate your understanding and patience as we complete this critical process, which helps us serve you better throughout the year.
Investments in bullion products are not FCA regulated. The value of your investment can go down as well as up. Past performance is not indicative of future results.
In Stock | Shipping within 1 - 5 working days for orders to the UK.
Product code: MLML241GC
Our pricing* (estimated)
Quantity
Unit Price
1
£2,600.80
2+
£2,598.37
5+
£2,594.72
10+
£2,593.02
20+
£2,589.62
50+
£2,585.98
100+
£2,575.53
Gold Bullion
Bullion refers to a non-ferrous alloy that is refined to a high standard in both weight and purity. Due to its alloy count, bullion is a great option for investment.
People buy them for the intrinsic value of the precious metal they contain, so production places greater emphasis on efficiency. They are struck at a rate of up to 250 gold and 3,000 silver coins per hour and are of a similar standard to Brilliant Uncirculated coins.
VAT free for non VAT registered private individuals
Can be Vaulted
Store in The Vault, our on-site precious metal storage facility
CGT Exempt
Exempt from UK capital gains tax for UK residents, due to being legal tender
Morgan le Fay becomes the final legendary figure to feature in our three-coin bullion series inspired by Arthurian myth.
Commonly associated with magic and the supernatural, the character has undergone various representations and portrayals since first appearing in Geoffrey of Monmouth’s twelfth-century work Vita Merlini. Depictions have ranged from a benevolent healer to a powerful enchantress, and the character’s relationship with the legend’s central figure, King Arthur, has also fluctuated over time.
David Lawrence, the experienced coin designer who created the reverse designs of the previous two coins in the series, has captured Morgan le Fay through a dark and mystic lens. She wears a winged headpiece and stands with her hands drawn in a position to conjure magic and use it against her enemies.
Each coin contains one troy ounce of 999.9 fine gold
Struck to The Royal Mint’s bullion standard
Features a skilful depiction of Morgan le Fay by David Lawrence
Exempt from VAT and UK Capital Gains Tax for UK residents
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.