Britannia 2021 10 oz Silver Bullion Coin
Bullion | 999 Fine Silver
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Britannia has been the female embodiment of Britain for centuries, evolving through the ages to capture the spirit of the nation she represents. First appearing on the coins of the Roman Emperor Hadrian, Britannia has a long history with British coins. Today, this icon is the face of our flagship Britannia bullion coin, renowned for its beauty and reliability. This incarnation of Britannia was created by sculptor Philip Nathan in 1987. He presented the ‘queen of the seas’ with carefully chosen symbols of Britain’s identity – a shield for protection, an olive branch for peace and a trident for her maritime links. The award-winning design has become so highly-regarded that only The Royal Mint is able to strike genuine Britannia coins featuring Philip Nathan’s interpretation.
This modern classic of design has been struck on the 2021 Britannia bullion coin, which contains ten ounces of 999 fine silver and depicts Britannia standing boldly amongst the waves, surrounded by a background of radial lines.
Key Points:
- The largest coin in the Britannia range
- Struck in ten ounces of 999 fine silver
- Features Philip Nathan’s world-famous Britannia design
- With a background security feature of radial lines
- Finished to The Royal Mint’s bullion standard
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 2021 10 oz Silver Bullion Coin
| Specification | Value |
|---|---|
| Denomination | £10 |
| Alloy | 999 Fine Silver |
| Diameter | 89.00mm |
| Reverse Designer | Philip Nathan |
| Obverse Designer | Jody Clark |
| Specification | Value |
|---|---|
| Quality | Bullion |
| Pure Metal Type | Silver |
| Pure Metal Content | 10 Troy Oz |
| Fineness | 999 |
| Packaging | Single Coin Capsule |
| Additional Features | Radial line background on reverse |
