Britannia 2023 1/4oz Silver Bullion Twenty Coin Tube
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.
- Struck in a quarter of an ounce of 999 fine silver
- The reverse design is the classical interpretation of Britannia by Philp Nathan
- With a background security feature of radial lines
- Finished to The Royal Mint’s bullion standard
- Packaged in a coin tube
Britannia has long featured on British coins and has evolved through the ages to reflect the nation she represents. In 1987, a stunning incarnation of Britannia was created by sculptor Philip Nathan for a new bullion coin. His bold and beautiful Britannia is presented with carefully chosen symbols to reflect the nation – a shield for protection, an olive branch for peace and a trident to represent seafaring. The internationally recognised design is so highly regarded that only The Royal Mint is able to strike genuine Britannia coins featuring Philip Nathan’s interpretation of the icon. For 2023, the design is as beautiful as ever and features on this quarter-ounce bullion coin struck in 999 fine silver.
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 1/4oz Silver Bullion Twenty Coin Tube
| Specification | Value |
|---|---|
| Denomination | 50p |
| Alloy | 999 Fine Silver |
| Diameter | 22.00mm |
| Reverse Designer | Philip Nathan |
| Obverse Designer | Jody Clark |
| Specification | Value |
|---|---|
| Quality | Bullion |
| Year | 2023 |
| Pure Metal Type | Silver |
| Pure Metal Content | 20 x 0.25 Troy Oz |
| Fineness | 999 |
| Packaging | Coin Tube |
