Britannia 2023 1 oz Platinum Bullion Coin
Bullion | 999.5 Fine Platinum
Key Features
- The obverse features the first coinage portrait of His Majesty The King
- The largest platinum coin in the range
- Struck in an ounce of 999.5 platinum
- Emphasises Philip Nathan’s award-winning Britannia design
- Includes four advanced security features
- Encapsulated in a single coin capsule
For more than 1,100 years, The Royal Mint has innovated to create coins that are beautiful, secure and trusted. Britannia, the warrior that represents a nation, returns on a bullion coin in 2023 and once more leads the way in defining security in the bullion market. This latest evolution of the icon combines Philip Nathan’s acclaimed interpretation with four groundbreaking security features to create the most visually secure coin in the world. These additions both decorate and protect the coin, just as the micro-text that borders the design states – ‘Decus et Tutamen’, which translates as ‘An ornament and a safeguard’. In the lower left-hand of the design, below Britannia’s flowing gown, is a trident to represent her naval history. As the viewer changes their perspective this trident becomes a padlock, emphasising the coin’s secure nature. Surface animation behind Britannia reflects the movement of waves and fine details such as the Union flag on Britannia’s shield have been highlighted by tincture lines.
The coin is also available as a tenth-ounce fine platinum edition. There are also various gold and silver editions of this coin that include four advanced security features.
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
Britannia 2023 1 oz Platinum Bullion Coin
| Specification | Value |
|---|---|
| Denomination | £100 |
| Alloy | 999.5 Fine Platinum |
| Diameter | 32.69mm |
| Reverse Designer | Philip Nathan |
| Obverse Designer | Martin Jennings |
| Specification | Value |
|---|---|
| Quality | Bullion |
| Year | 2023 |
| Pure Metal Type | Platinum |
| Pure Metal Content | 1 Troy Oz |
| Fineness | 999.5 |
| Packaging | Single Coin Capsule |
