Gold Britannias are the most popular 1 oz gold bullion coins in the UK.
They offer a great benefit to British investors. Because of their legal tender status in the UK, They are exempt from Capital Gain Tax in the UK and they are VAT free both in Great Britain and in any country part of the European Union. The weight, purity and gold content of the gold Britannia is backed by the Royal Mint.
Depending on their year of issue, the purity of their gold content varies. Gold Britannia coins produced before 2012 are made of 22-carat gold, while coins from the following years were (and are still) produced in 24-carat gold. Although pure gold coins (24 carats) are more fragile, both Britannias are as good for trades as they are for storage.
Finally, buying gold Britannia coins offer several advantages compared to gold bars, and is a great choice for any precious metal investor.
They enable you to split your precious metal portfolio into smaller units of 1 ounce of gold.
They are highly liquid and have a low premium over the gold spot price.
Their fine gold content of 1 troy ounce (31.1035 grams) enables you to track their price easily. Since the gold price is also quoted in ounces, you just need to look at the live gold price available on our website to know the exact value of your gold Britannia.
Why buy 1 oz gold coins?
One-ounce gold coins are popular in the gold bullion market. They are a great way to split your precious metal holdings into smaller fractions. In fact, a large gold bar is not always the best option. Even if you will pay less per gram with gold bars, a large gold bar will restrict the fungibility of your investment. Buying 1-ounce gold bullion coins makes your investment more divisible and liquid. In fact, you can trade a few gold coins when you need cash, instead of selling a whole bar at once. On the other hand, a large gold bar will be more difficult to convert into cash. Therefore, it is worth paying a slightly higher premium above the gold spot price.