Why invest in Britannia coins?
Britannia coins are an attractive investment
since they are exempt from Capital Gains Tax (CGT) due to their
status as UK legal tender. This makes them a good investment for people
who regularly exceed their CGT allowance. But this is not the only reason why
people choose to invest in Britannia coins. They are also appealing collectors’
items due to the obverse and reverse of these coins that has given much
scope for sets based on dates and designs.
Britannia coins are available in both
gold and silver.
The first Gold Britannia coins were produced
by the Royal Mint in 1987 with a face value of £100.
Britannia gold coins made from 2013 have
a millesimal fineness of .9999 (or 24 carat gold). Until 2012 the
gold coins had a millesimal fineness of .917 (91.7% or 22 carat gold)
with the non-gold component being copper until 1989 and silver from
1990.
Silver Britannia coins contain one troy ounce
of silver and have a face value of £2. Britannias in silver are also issued in
fractional sizes of one-half, one-quarter, and one-tenth of a troy ounce and
with face values of £1, 50p, and 20p respectively. Recently, in 2013 two
additional sizes were introduced, a five-ounce coin of face value £10, and a
fractional size of one-twentieth of face value 10p. If you’re interesting in
purchasing Silver Britannia coins then take a look at https://www.ukbullion.com/silver/buy-silver-coins/silver-britannias.html.
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