Bullion coins are some of the most sought-after coins in the world, often selling out and causing stock shortages at major national mints. So what do you get for your money? And why should you buy one?
Well the key reason most people purchase a bullion coin is the precious metal content. For example, the UK £2 Britannia coin contains an ounce of pure 999/1000 silver. Soon enough one coin turns into many and you can find yourself owning a sizeable amount of silver.
But these coins are not just lumps of metal. The silver Britannia is also a real piece of craftsmanship, with a beautifully evocative design struck with all the expertise of the Royal Mint.
Combine this craftsmanship with the silver content and you start to see just why this coin is so collectable.
But why is this any different from a silver bar, or a silver round?
UK bullion coins carry the authority and security of being a government issued coin. There is never any debate about their purity or integrity. In fact they are checked every year at a 734 year old ceremony called the Trial of the Pyx. You can buy one safely in the knowledge that you are getting what you pay for.
This also explains why bullion coins sometimes appear to have a ‘misleading’ face value. The Britannia is a £2 coin, but the silver content is worth much more than that. The truth is the face value is really there to legitimise the coin and prove that it is an official state-authorised issue.
And legal tender British bullion coins have a final bonus – they will never incur any Capital Gains Tax. This makes them the perfect way to pass down silver through the generations.
But you will have to pay VAT. And as with any struck coin, you will have to pay a small premium over the raw metal value to cover production costs. At the time of writing, raw silver is trading at around £10.50 an ounce, but you’d be hard pressed to find a way of buying a single ounce at that price.
Bullion coins facilitate an easy entry into the world of owning silver and coins. They are not about face value or edition limit, but you can still have the satisfaction of securing a collection of genuine, bona fide UK coins – at as close to the raw silver price as you are likely to get.
Top Tips for buying silver bullion coins:
- Pick a country with a strong tradition of issuing bullion coins
- Expect to pay a small premium over the intrinsic silver value
- Remember the face value of your chosen coin is not related to its value
- Buy British silver bullion coins and there’s no Capital Gains Tax to pay
This year will mark the bi-centennial anniversary of the Battle of Waterloo in 1815. But, despite Napoleon’s defeat taking place a distant 200 years ago, it seems that it is still a delicate subject for the French… or is it?
In March, Belgium planned to issue a €2 commemorative Waterloo coin in honour of the historic event. However, after 180,000 coins were minted with the design, France voiced such objection that Belgium destroyed the coins to avoid upsetting their neighboring country.
But earlier this week Belgium crushed the French resistance by invoking a little-known European Union rule. It allows countries to issue euro coins of their choice, provided they are in an irregular denomination – cue a new €2.50 coin – a first in Belgium.
The coin displays the Lion Hill memorial that marks the battle, with dotted-lines indicating the position of the troops when forces led by Britain and Prussia defeated Napoleon in the countryside near Brussels.
But, ironically, it was the French who issued one of the first Waterloo Commemoratives…
Remarkably, the French State Mint issued a Battle of Waterloo Medal after Napoleon’s defeat in 1815. It was designed for sale in the British market by renowned French sculptor Emile Rogat, depicting a fallen eagle on the reverse, symbolising the French Army.
The eagle is encircled by four vultures to represent the victorious British, Prussians, Austrians and Dutch and the obverse features an official effigy of Napoleon. It became a piece of history, stored in the British Museum.
It’s a great time for collectors during huge anniversaries such as this, as there are so many fascinating coins and commemoratives issued. But perhaps it’s time France looked back at their own history before they complain again!
The Queen visited Kent today where she opened the Battle of Britain Memorial Trust’s new visitor centre at Capel-Le-Ferne near Folkestone.
The new centre, built in the style of a Spitfire’s wings, is aimed at educating and informing visitors about the Battle of Britain and the airman who defended the country from invasion in 1940.
Her Majesty and Prince Philip met some of the last remaining RAF airman who fought during the pivotal battle. The Battle of Britain Memorial Flight aerial display group was formed in 1957 with the aim to keep alive the memory of the heroic role played by the RAF in the Battle of Britain and the whole of World War II.
The Memorial Flight’s squadron badge shows the aircraft in their famous formation atop the instantly recognisable red, white and blue RAF roundel with ‘Lest We Forget’ inscribed below.
This historically significant badge has been memorialised on a commemorative coin, issued by Guernsey and officially licensed by the RAF in recognition of this endearing squadron.
Impressively plated in 24-carat gold, the sought-after Battle of Britain Memorial Flight Coin is a prestigious issue which can be handed down to generations for years to come, and is the perfect way to commemorate this historic royal visit.
If you’re interested…
Take the opportunity to own a piece of history with The Battle of Britain Memorial Flight Coin, now available for just £9.99. Complete in a capsule with coin wallet, this beautifully crafted piece also comes with a Certificate of Authenticity.