





SH Britannia 2023 1 oz Silver Bullion Twenty Five Coin Tube (Queen Elizabeth II)
Bullion | 999 Fine Silver
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Key Features
- Each Britannia 2023 bullion coin featuring the fifth and final effigy of Queen Elizabeth II has a limited production run. A Britannia coin featuring King Charles III’s first effigy will be released in the new year.
- Enhanced with four advanced security features
- A latent image changes from a padlock to Britannia’s famous trident
- Surface animation brings the background of waves to life
- The micro-text provides both decoration and protection
- Britannia’s shield bears the Union flag, which is accented with tincture lines
- Packaged in a single coin tube
For more than 1,100 years, The Royal Mint has innovated to create coins that are beautiful, secure and trusted. In 2023, Britannia, the symbol of Britain, continues to lead 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 bullion 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.
This one ounce silver coin includes four security features as does the one kilo silver coin. These features are also available on the various gold editions of the coin.
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
SH Britannia 2023 1 oz Silver Bullion Twenty Five Coin Tube (Queen Elizabeth II)
Specification | Value |
---|---|
Denomination | £2 |
Alloy | 999 Fine Silver |
Diameter | 38.61mm |
Reverse Designer | Philip Nathan |
Obverse Designer | Jody Clark |
Specification | Value |
---|---|
Quality | Bullion |
Year | 2023 |
Pure Metal Type | Silver |
Pure Metal Content | 25 x 1 Troy Oz |
Fineness | 999 |
Packaging | Coin Tube |
Security Features | Micro-text | Latent feature | Surface animation | Tincture lines |