The introduction of capital gains tax changes in the UK provide new benefits to investors in precious metals. In fact, the only tax exempt investment listed in Britain's new capital gains tax laws are Royal Mint Britannia coins. There are many reasons that these coins are popular with investors worldwide, and this new tax law continues to grow the appeal of investing in British Britannia coins.
A Brief History of the Royal Mint Britannia
The Britannia coin series has been the face of bullion in the UK since early 1987. Often considered as the female personification of the British Isles, upon which it received the name, Lady Britannia first appeared on Roman coins used in Britannia during the time of the Roman Empire. Lady Britannia later featured on copper farthing coins during the British Empire starting in 1672 (under the rule of Charles II).
The New Gold Britannia Coins 2023
Available in sizes ranging from 1 ounce to 1/10th ounce, the British Britannia gold bullion coin features the image portrait of Queen Elizabeth on the front, and an image of Lady Britannia on the reverse. All gold coins in the Britannia series are 9999 fine, making them some of the purest gold coins available to investors worldwide. Imprinted on the coin are its weight, it purity, and its year of minting. 2023 will be the last year that the Britannia coin series features Queen Elizabeth II. In 2024, the Queen's image will be replaced by a portrait of His Majesty King Charles III.
Other Coins Available in the Britannia Series
The 2023 Britannia series is also available in silver and is well worth the investment. Similar to the gold series, the silver coins are also 9999 fine, and are also some of the purest silver coins available to investors worldwide. One significant feature of the silver Britannia coins that stands out is that the new series will be a limited-mint production.
Since their launch in 2016, Britannias coins are also available in platinum. Both the silver and platinum coins are available in 1 Ounce weights, and the platinum coins have a purity of 9995.
Should I Invest in Britannia Coins?
What makes the British Britannia coin bullion such an alluring investment is not the design or the prospect as a precious metal, but the two incredible advantages it brings to the table.
Firstly, the Royal Mint gold Britannias are exempt from VAT and Capital Gains Tax exempt for UK residents. This makes the coin series a popular choice of investment among all kinds of buyers.
Secondly, 2023 is the last year in the series to feature an image of Her Majesty Queen Elizabeth II. As all future Britannia coins will bear the image of King Charles III, the value of the 2023 series is likely to increase as time goes on.
Conclusion
British Britannia coins in gold, silver or platinum are an excellent way for any investor to buy bullion and to diversify their portfolio. For UK residents, there is no better option than British Britannia coins. When you have a bullion product that is exempt from both VAT and Capital Gains Tax, these tax exemptions themselves improve the appeal of the product. If you are interested in investing in Royal Mint Britannia coins, either new or old, visit SuisseGold.com.
