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The British Britannia Gold Coin is a British bullion coin that has been in circulation since 1987. The coin is named after Britannia, the ancient Roman name for Great Britain. Britannia has a rich history and mythology, dating back to the Roman conquest of Britain in the 1st century AD.
In ancient times, Britannia was portrayed as a goddess, a symbol of strength and unity. She was often depicted as a powerful and confident woman, holding a trident and shield, symbolizing her role as the protector of the British Isles. This image of Britannia has been used on many British coins throughout history, and it is this image that inspired the design of the modern British Britannia gold coin.
The modern Britannia gold coin is minted by the Royal Mint, the official mint of the United Kingdom, it has a face value of 100 pounds and is composed of 24 carat gold (99.99% fine gold). The coin’s weight is 1oz, and its diameter is 32.69mm. The obverse side of the coin features the current reigning monarch’s effigy, while the reverse side features the image of Britannia, a representation of the nation as a whole.
The British Britannia Gold Bullion Coin is minted by the Royal Mint, the official mint of the United Kingdom. The Royal Mint has a long history of minting coins, dating back to the 12th century. The process of minting the Britannia gold coin begins with the production of the coin’s blanks, which are made of 24 carat gold (99.99% fine gold). The blanks are then fed into a coining press, where they are struck with a die to create the coin’s design. The obverse side of the coin features the current reigning monarch’s effigy, while the reverse side features the image of Britannia, a representation of the nation as a whole. Read more about the Royal Mint here.
The Royal Mint has a strict quality control process in place to ensure that each coin meets the highest standards of quality and craftsmanship. The Britannia gold coin is carefully inspected and tested to ensure that it meets the required specifications and is free of any defects. Once the coins have passed the quality control process, they are packaged and shipped to Tavex.
The coin is an annual release and it is available in different sizes and denominations, including 1oz, 1/2oz, 1/4oz, and 1/10oz. It is considered a safe-haven investment and is popular among both investors and collectors. It is a legal tender coin, which means it can be used as a means of payment in the United Kingdom. Interesting fact about the British Britannia coin is that each effigy of the monarch are looking the other way. The reason for the different orientation of the effigies of Charles and Elizabeth on the British Britannia gold coin is due to the design choices made by the Royal Mint.
The Royal Mint regularly updates the design of the coin to reflect the current monarch and to keep the coin fresh and interesting for collectors. The effigy of the reigning monarch is typically depicted facing the opposite direction of the previous monarch’s effigy, as a way to distinguish between the two. This design choice is not uncommon in coinage and is used as a way to easily identify the coin’s era and monarch.
Furthermore, British Britannia gold coins are considered to be Capital Gains Tax (CGT) exempt in the United Kingdom. This means that any profit made from the sale of these coins is not subject to CGT. Additionally, these coins are also eligible to be held within a Self-Invested Personal Pension (SIPP) account. This allows individuals to use these coins as a form of investment within their pension portfolio.
In conclusion, the British Britannia gold coin is a symbol of Great Britain’s rich history and heritage, and it is a highly sought-after coin in the precious metals market. It’s a coin that reflects the nation’s identity, its strength and unity, and its commitment to freedom and liberty. It is an annual release, legal tender and an attractive option for both collectors and investors.