The Royal Arms 2023 1oz Silver Bullion Coin
Bullion | Limited to 100,000 coins worldwide
- A symbol of British regal strength and authority recognised around the world
- Features a stunning reinterpretation of The Royal Arms by the esteemed heraldic artist Timothy Noad
- Struck in one ounce of 999 fine silver to bullion standard
- Features a radial-lined background texture which embellishes the coin with added security
- Created by Martin Jennings, the official coinage portrait of His Majesty The King appears on the obverse
- Dated 2023, this coin was struck during the coronation year of King Charles III
Timothy Noad’s skilful reinterpretation of The Royal Arms returns for the fifth year running to adorn a 2023 bullion coin range. For centuries, the symbol has been used to signify royalty and strength, featuring on shields during battle and serving as a seal of authority on official British documents. Representing His Majesty The King, the Arms also symbolise each nation of the United Kingdom, with a leek for Wales, a thistle for Scotland, a shamrock for Ireland and a Tudor rose for England.
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 Royal Arms 2023 1oz Silver Bullion Coin
| Specification | Value |
|---|---|
| Denomination | £2 |
| Alloy | 999 Fine Silver |
| Diameter | 38.61mm |
| Reverse Designer | Timothy Noad |
| 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 |
