The Coronation of His Majesty King Charles III 2023 1/10oz Gold Bullion Coin
Bullion | Limited to 53,000 coins worldwide
Struck to mark the coronation of His Majesty King Charles III, The Royal Mint have released a bullion coin range featuring an exclusive reverse design. Representing the newly crowned monarch, His Majesty The King’s royal cypher appears on the reverse of the coin, in a design by John Bergdahl, whilst the first crowned coinage portrait of King Charles III, designed by Martin Jennings, appears on the obverse. This 1/10oz gold version of the coin has a limited mintage of 53,000.
- A crowned coinage portrait of His Majesty King Charles III graces the obverse of this coin
- The reverse features His Majesty The King’s royal cypher
- Limited mintage of 53,000
- Expertly struck in 999.9 fine gold and finished to The Royal Mint’s bullion standard
- VAT free and Capital Gains Tax exempt for UK residents
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
The Coronation of His Majesty King Charles III 2023 1/10oz Gold Bullion Coin
| Specification | Value |
|---|---|
| Denomination | £10 |
| Alloy | 999.9 Fine Gold |
| Diameter | 16.50mm |
| Reverse Designer | John Bergdahl |
| 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 |
