Investments in bullion products are not FCA regulated. The value of your investment can go down as well as up. Past performance is not indicative of future results.
In Stock | Shipping within 1 - 5 working days for orders to the UK.
Product code: MLMLN10SC
Our pricing* (estimated)
Quantity
Unit Price (ex VAT)
1
£337.60
2+
£336.55
5+
£335.50
10+
£334.46
20+
£333.41
50+
£332.36
100+
£331.32
Silver Bullion
Bullion refers to a non-ferrous alloy that is refined to a high standard in both weight and purity. Due to its alloy count, bullion is a great option for investment.
People buy them for the intrinsic value of the precious metal they contain, so production places greater emphasis on efficiency. They are struck at a rate of up to 250 gold and 3,000 silver coins per hour and are of a similar standard to Brilliant Uncirculated coins.
Store in The Vault, our on-site precious metal storage facility
CGT Exempt
Exempt from UK capital gains tax for UK residents, due to being legal tender
Free Delivery
Free UK delivery on all bullion products to your registered address
The Royal Mint’s Myths and Legends bullion coin collection celebrating the legend of King Arthur concludes with a ten-ounce silver edition paying tribute to Merlin, the elusive sorcerer.
Popularly associated with Arthur as his adviser, magician and prophet, the figure of Merlin was created by Geoffrey of Monmouth in his twelfth-century work Historia Regum Britanniae (The History of the Kings of Britain). The pseudo-historical account played a pivotal role in popularising Arthurian legend and, from the Middle Ages onwards, Merlin has become a central figure in the mythology, notably in American literature and popular culture.
David Lawrence, an illustrator with numerous coin designs in his portfolio, has portrayed Merlin as a magical figure, with an owl on his shoulder to represent the sorcerer’s wisdom. At his belt is a golden sickle for cutting mistletoe in the sacred grove and he holds a magic stave. Glastonbury rises in the background, which is said to be the inspiration for the mystical isle of Avalon.
KEY FEATURES
Struck in ten troy ounces of 999.9 fine silver
Finished to The Royal Mint’s Bullion standard
Features an interpretation of Merlin by artist David Lawrence
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.