With the announcement from the Royal Mint during the latter part of 2012 of an increased fineness of precious metals in both gold and silver bullion related coinage, the Mint has reported an increased level of Britannia production over prior year numbers. The gold coins have especially seen a higher than anticipated increase from this time last year.
The Royal Mint reported a 60% increase in sales for Gold Britannia coins between Nov/Dec 2011 vs. Nov/Dec 2012 and an impressive 275% increase in sales for the Silver Britannia for the same period. The encouraging 2013 production figures thus far has been credited with the increase in metal fineness of the Britannias as well as a heightened interest from investors looking at both high grade numismatic items and bullion related coins.
The Royal Mint announced last November that for all 2013-dated bullion coins, the gold content or fineness for the one ounce gold Britannia’s to the 1/10th ounce coins would be increased from 91.67% to 99.99% fineness and the silver Britannia’s would be increased from the traditional 95.8 % to 99.% fineness– with all diameters remaining the same. The introduction of the 2013 UK Bullion Range was produced as The Royal Mint looks to expand into the investment market. The change was motivated by an increasing demand for bullion sales of Britannia Bullion which had doubled in the first quarter of the 2012 financial year alone. Their business growth plan aims to position the 1,100 year old Mint and its bullion products as a world leader in the investment marketplace.
|Description||2013 Gold Britannia||2013 Silver Britannia|
|Alloy||0.9999 Au fine gold||0.999 Ag fine silver|
|Reverse Design||Philip Nathan||Philip Nathan|
|Obverse Design||Ian Rank-Broadley FRBS||Ian Rank-Broadley FRBS|
This year’s design for both gold and silver issues retains the original portrait or depiction of a standing Britannia figure as designed by Philip Nathan and first used on these coins from their introduction in 1987. The obverse includes an effigy of HM Queen Elizabeth II sculpted by Ian Rank-Broadley FRBS and in use on all British circulation and selected commemorative coinage since 1998. The face values of the bullion coins is seen on the obverse ranging from £100 (one ounce gold) to £2 (one ounce silver).
The Britannia coins have since their introduction included various reverse designs or interpretations of Britannia and offering different styles and finish including reverse proof detail. The silver edition was introduced in 1997 with the issue of proof examples depicting the portrait of the Queen designed by Raphael Maklouf and was the only issue to include this portrait. The Royal Mint are also offering a personal service to investors of larger quantities of gold bullion coinage including the storage of personal bullion reserves.
For more information on these and other coins offered by the Royal Mint, please visit their dedicated bullion pages which offers a description of the new coins and services at: http://www.royalmint.com/bullion/personal/products