The Coronation of His Majesty King Charles III 2023 1oz Silver Bullion Coin
To mark the coronation of His Majesty King Charles III, The Royal Mint have released an exclusive bullion coin range. The reverse of this one ounce silver bullion coin features a design by John Bergdahl depicting His Majesty The King’s royal cypher, whilst the obverse features the first crowned coinage portrait of His Majesty The King, designed by Martin Jennings. This silver 1oz bullion coin has a limited mintage of 150,000.
- Features the first crowned coinage portrait of His Majesty King Charles III
- The reverse features the royal cypher of His Majesty The King
- Struck in 999.9 fine silver and finished to The Royal Mint’s bullion standard
- Limited mintage of 150,000
- Capital Gains Tax exempt for UK residents
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
The Coronation of His Majesty King Charles III 2023 1oz Silver Bullion Coin
| Specification | Value |
|---|---|
| Denomination | £2 |
| Alloy | 999 Fine Silver |
| Weight | 31.100g |
| Diameter | 38.61mm |
| Reverse Designer | John Bergdahl |
| Specification | Value |
|---|---|
| Obverse Designer | Martin Jennings |
| Quality | Bullion |
| Year | 2023 |
| Pure Metal Type | Silver |
| Pure Metal Content | 1 Troy Oz |
| Fineness | 999 |
| Packaging | Single Coin Capsule |
