How do I sell Gold Britannia Coins?

Selling Gold Britannia coins

One of the golden rules of investing in gold coins is never to buy obscure coins. Gold Britannia coins offer liquidity to your portfolio. As a popular investment coin, it is easiest to sell Britannias to a reputable precious metals dealer, especially one whose focus is gold investing. The first consideration when selling gold Britannia coins is the spot price. The 1oz gold coin can usually be sold for around 98% of the prevailing spot price of gold in the market. However, supply and demand can also play an important role in the price you can achieve when selling gold Britannia coins. Although the coin has been around since 1987 and does not command premiums due to rarity and age, there are some years of issue that may be harder to get. These coins may achieve a higher premium – up to 5%. In this article, we will explore the best strategy is to adopt when selling gold Britannia coins.

sell Gold Britannia Coins
The gold Britannia was launched by the Royal Mint in 1987

How does the spot price affect the value of a gold Britannia when selling?

The price will reflect the coin’s gold content and a sale can be tied up very quickly. Selling Britannias privately may achieve higher prices if you can find a collector, but issues of trust and time exist. In reality, the spot price only indicates a guideline at which the coin can be sold. Market conditions can dictate the amount of premium that you can hope to achieve over and above the spot price.

Download the Insiders Guide to Selling and Buying gold coins here

Now, it’s important to realise that other factors can impact the selling price of the gold Britannia. For example, if the coin you’re selling is larger, it benefits from lower production costs. Therefore, it is an attractive proposition for the buyer, as the coin becomes available at a lower price per gram.


Build a good relationship with a reputable dealer

An important step in selling gold Britannia coins is getting connected with a well-known dealer. Selling gold coins privately is a time-consuming option that is fraught with risk. If you attempt to sell your gold coins to a jeweller or a high-street gold shop, you will invariably receive far lower prices than expected. A reputable gold coin dealer can offer advice on the right time to sell the coins and assist you in achieving the price you desire.

Early intimation of your intention to sell can help your dealer scope the market and identify buyers in advance. Identifying reputed dealers can be fairly simple. Most of them are registered with the BNTA. Dealers like Physical Gold will also offer you a transparent process for selling and ensure you benefit from the right advice when you sell your coins with them.

sell Gold Britannia Coins
Like the gold half Sovereign, the gold Britannia is a very popular and liquid coin

Ensure that you make tax-efficient sales

If you invested wisely, at the time of buying, you would have added divisibility to your portfolio by investing in different sizes and denominations of the gold Britannia coin. When selling, this should enable you to sell the exact amount of gold required to fund your cash requirements. This would also enable you to drip feed small amounts of gold into the market and take advantage of different price points.

The gold Britannia is legal tender in the UK and any profits you make from its sale are CGT exempt up to a level of £12,000 in a single tax year. It’s important to be aware of the tax implications when making a sale so that you are not misled by third-parties.

Talk to our investment team before selling your gold Britannia coins

Physical Gold is one of the nation’s most reputed online gold dealers. Our investment experts research the gold market at all times. If you intend to sell gold Britannia coins, please call us on (020) 7060 9992, so that we can give you the right advice on how and when to sell. Our investment team is also reachable online through our website.


Image credits: Wikimedia Commons and Wikimedia Commons


What are the Benefits of Investing in Silver?

Silver investment benefits

Silver has been witnessing healthy interest from investors over the past few years. Many investors who want to enter the precious metals market opt for silver investing, primarily due to the difference in the price between gold and silver. Indeed, the silver-gold ratio has provided investors with a great reason to buy the white metal. Historically, gold has always been more expensive than silver and not long ago, the attractiveness of silver was based on the fact that it was 85 times cheaper than gold.

Silver has the potential for capital appreciation due to rising demand and naturally limited supply as a precious metal. Silver investment is cheap relative to buying gold and has no counterparty risk when bought in coin and bar form. It can rise in value as a safe haven during volatile stock markets, but also benefit from increased industrial demand for silver during technological booms.

Benefits of Investing in Silver
Silver bars are popular amongst investors

As the COVID 19 pandemic draws on, volatility has increased in both the prices of silver, as well as the gold-silver ratio. In March 2020, the ratio jumped to a high of 125:1. Currently, it has come down to 87:1. The price of gold itself continues to rise and has reached levels of $ 1771 per ounce. As geopolitical turmoil has adversely impacted the global economy, investors have rushed to protect their assets by turning to gold, which is always viewed as a safe haven. Interestingly, the current price of gold is slowly inching upwards towards the all-time high mark, which was $ 1917 per ounce.

Insider's Guide to gold and silver

Silver performance over the years

Of course, silver investing isn’t simply dependent on the gold-silver ratio. If we look back over the last 10 years, we can see that silver investors were rewarded with good returns for many of those years. Silver has also acted as a safe haven, much like gold. The spot price of silver reached $48 an ounce back in 2011, during the height of the last global financial crisis. If we compare gold and silver prices over the long-term, we can see that silver has always tracked gold, which is a significant reason for investors to invest in silver.

Tax considerations

Purchasing silver coins that have a face value in the UK can deliver tax relief to investors. Silver coins which are legal tender in the UK are Capital Gains Tax (CGT) exempt. There are certain silver bars that can also be purchased without paying VAT. In fact, one such bar is available from Physical Gold.

Benefits of Investing in Silver
Silver coins are available in different denominations

The rising demand for silver

The price of silver is expected to rise significantly due to the increase in its demand. Silver is an essential component that is required for applications in many industries. The market for products like solar panels, electronics and electric cars is on the rise. Due to this, there has been a surge in the demand for silver over the past few years. However, the production of silver has also fallen during this period. Therefore, according to metal experts and analysts, this dramatic shift in the supply-demand curve for the white metal will ultimately result in sky-high prices. Investors who are currently buying silver can expect to make a windfall gain in a few years.

Reach out to us before you put your money in silver

The investment team at Physical Gold consists of highly qualified silver experts. Call us now on (020) 7060 9992 and we can offer you free advice on how and when to buy silver. You can also reach out to the team via our website, and discuss your silver requirements. We can help you make the right decisions to build a strong silver portfolio


Image credit: Tookapic and Wikimedia Commons


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