Merlin 2023 1oz Silver Bullion Coin
Bullion | 999 Fine Silver
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Merlin, a central figure in Arthurian legend and popularly known as King Arthur’s adviser, magician and prophet, is the second mythical character to feature in our bullion three-coin series inspired by the legend of King Arthur.
Created by Geoffrey of Monmouth in his pseudo-historical work Historia Regum Britanniae (The History of the Kings of Britain), Merlin is associated with Arthur’s father, Uther Pendragon, rather than the legendary king. Growing in popularity through the Middle Ages, Merlin became associated with King Arthur over time, notably in American literature and popular culture.
Artist and illustrator David Lawrence has depicted the figure of Merlin with Glastonbury in the background, which is rumoured to be the inspiration for the mystical isle of Avalon. An owl sits on Merlin’s shoulder, symbolising his knowledge and wisdom. He clutches a magical stave, and a golden sickle is attached to his belt, which he uses for cutting mistletoe in the sacred grove.
- Each coin contains one troy ounce of 999 fine silver
- Struck to The Royal Mint’s bullion standard
- Features a skilful interpretation of Merlin by David Lawrence
- 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
Merlin 2023 1oz Silver Bullion Coin
| Specification | Value |
|---|---|
| Denomination | £2 |
| Alloy | 999 Fine Silver |
| Diameter | 38.61mm |
| Reverse Designer | David Lawrence |
| Obverse Designer | Martin Jennings |
| Specification | Value |
|---|---|
| Quality | Bullion |
| Year | 2023 |
| Pure Metal Type | Silver |
| Pure Metal Content | 1 Troy Oz |
| Fineness | 999 |
| Packaging | Single Coin Capsule |
