The Gold Standard 2021 1oz Gold Bullion Coin
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 2021 bullion coin is an annual offering from The Royal Mint. 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 range now includes both a one ounce and quarter-ounce bullion coin struck in 999.9 fine gold.
The journey to Britain’s adoption of a gold standard can be traced through The Royal Mint’s long history, including back to 1717 when Sir Isaac Newton issued a report that led to the gold guinea being assigned a fixed value. The Coinage Act of 1816 changed the financial system in Britain dramatically, and introduced a circulating gold coin; the iconic Sovereign. A new gold standard tying the value of The Sovereign to a precise measurement of gold was adopted to help stabilise the country’s war-torn economy, and by 1821, a gold standard was fully operational in Britain.
Key Points:
- Available as a one ounce bullion coin for the first time
- Each coin contains one troy ounce of 999.9 fine gold
- Struck to The Royal Mint’s bullion standard
- Features the original Gold Standard design by Dominique Evans
- Exempt from 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.
For more information on legal tender guidelines see: www.royalmint.com/aboutus/policies-and-guidelines/legal-tender-guidelines
Specification
The Gold Standard 2021 1oz Gold Bullion Coin
| Specification | Value |
|---|---|
| Denomination | £100 |
| Alloy | 999.9 Fine Gold |
| Diameter | 32.69mm |
| Reverse Designer | Dominque Evans |
| Obverse Designer | Jody Clark |
| Specification | Value |
|---|---|
| Quality | Bullion |
| Year | 2021 |
| Pure Metal Type | Gold |
| Pure Metal Content | 1 Troy Oz |
| Fineness | 999.9 |
| Packaging | Single Coin Capsule |
| Additional Features | Micro-dot table texture |
