The Coronation Quarter Sovereign 2023 Gold Bullion Coin in Blister

A trusted symbol of strength and reliability for collectors and investors over the world, The Sovereign returns as part of a new bullion coin range. In celebration of the coronation of His Majesty King Charles III, the obverse of the Coronation Sovereign bears a crowned coinage portrait of His Majesty The King designed by British sculptor Martin Jennings, which received the monarch’s personal approval. The reverse of the coin features Benedetto Pistrucci’s iconic St George and the dragon design, a fitting return to tradition in honour of His Majesty’s coronation.

Part of a bullion coin range celebrating the coronation of His Majesty King Charles III
A crowned coinage portrait of His Majesty The King graces the obverse of the coin
The reverse features a return to Benedetto Pistrucci’s classic design of St George and the dragon, which is synonymous with The Sovereign
Struck in 22 carat 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

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