Coin collecting has seen resurgence in popularity In recent years. For some, the collection of coins might be a hobby first and an investment second. For others, coin collecting is an investment option, alone. With that being said, both ways of approaching the procurement of coins is legitimate and popular in today’s society. A faltering stock market and economic uncertainty is leading people back towards tangible commodities and investments. The collection and purchase of gold bullion coins is becoming more popular as the price of gold rises. The British Britannia Coin, for example, is one, popular collectible coin series that many investors start their collections with.
History of The British Britannia Coin
The British Britannia gold bullion coin was introduced to the public in 1987 and has been minted each year, in a limited production since then. The coins original minting called for the coin to be minted in .917 fine gold. This level of fineness is equivalent to 22 karats. When the coins contained 22 karat gold fineness the remainder was filled with cooper until 1989. After 1989, the cooper was replaced with silver to fill the remainder of the coin. In 2012, the Royal Mint, the entity that strikes the coins, began issuing the coins in .9999 fineness, the equivalent of 24 karat gold. The higher gold content of the 2012 and onward coins, make them a more valuable coin to hold for collectors and investors alike.
The Britannia coin, unlike others in its class, is only produced in one size. The coins, are made in the one troy ounce denomination, and have a face value of 100 Euro. These, coins, again, unlike similar varieties, do not change the design of the obverse of the reverse on a yearly basis. Instead of changing the reverse, the coin is simply minted with the year that it was produced to denote the difference among different years. The reverse was last redesigned in 2009 and depicts the Britannia. The Britannia, for those not in the know, is an ancient term for Great Britain. It is depicted in statue form. The coin depicts one of the memorials that is commonly associated with the nation. The obverse, which was also redesigned in 2009, depicts Queen Elizabeth II.
The redesigns, and changing fineness, make it easy to denote the year of the coins as well. The most recent redesign, for example, depicts Queen Elizabeth II, in an older state to depict the true nature of the Queen. The reverse of the coins, through the years, depict slightly different depictions of the Britannia.
These bullion coins, since their induction, have remained popular with investors and collectors. The price of the Britannia coin continues to increase in value and is expected to continue rising as the price of gold rises.
Pricing of the Britannia Coin
The Britannia coins’ pricing varies based on the coin and the fineness of gold used in the coin. For example, coins produced prior to 1989 contain about 91.7% pure gold; the remainder is copper. This filer makes the coin appear darker in color, and make it less valuable than a .999 fineness coin. After 1989 the cooper was replaced with silver. Because silver is considered a precious metal, more precious than cooper, the value of these coins are intrinsically higher than the copper-filled coins, but not as high as the current day coinage. The coins that have been released since 2012 are .999 fineness. This means the coins are equivalent to 24 karat gold and contain the most gold possible within the coin. These coins, thus, are more valuable.
Because the Britannia bullion coin is made of gold the price of the coin fluctuates significantly depending on the price of gold at any given moment. With that being said, it should also be noted, that gold coins, because of their collectability, are generally sold at a higher price than the going price of gold. The striking of the coin, the type of coin, and the year the coin was made will all dictate the price of the coinage.
How to Buy UK’s Britannia Coins
While buying gold bullion coins are a wonderful investment option that should be considered by all oh are eary of the stock market there are some pitfalls that must be avoided when attempting to purchase gold coins. The Britannia Gold Coin, like many other gold coins, are struck by a specific entity. In this case, the coin is struck by the Gold Mint. The coins authenticity, purity and value are tied to it being struck by that entity. In many cases, companies and fly-by-night operations will attempt to strike their own coins, similar in nature to the Britannia or other famous bullion coins. This is counterfeiting and makes the coin useless. You, as an investor, should deal only with accredited businesses that have a proven track record of selling coinage. Buying coins online is also safe, as long as you utilize a reputable website. Govmint.com, Goldsilver.com, Perthmint.com and Thelondonmintoffice.org, are for such businesses.