About the 1oz Silver Britannia
The silver Britannia has been struck since 1997 and is 999 fine. One troy ounce of silver, 38.61 millimetres across, with a face value of two pounds.
It is British legal tender, which is the reason it matters to a UK buyer: silver Britannias are exempt from Capital Gains Tax for UK residents, which very few silver coins are. Recent issues carry the same shifting surface security as the gold Britannia.
The thing to understand about silver is VAT. Investment gold is exempt from it in Britain. Silver is not, so twenty per cent is added, and that is why the price here sits well above the raw silver price. We show the VAT inclusive figure so nothing changes at the end.
Why buy the 1oz Silver Britannia?
- Contains 1 troy ounce (31.10 g) of 999 fine silver
- Struck by The Royal Mint
- UK legal tender
- Carries VAT at 20 per cent, already included in the price you see
- Capital Gains Tax exempt for UK residents
- Supplied in a protective capsule
- Weighed, measured and the edge checked by us before it is listed
- Fully insured delivery, signed for and tracked
Why choose a one ounce coin?
One ounce coins are the cheapest way to own metal by weight, because the cost of striking a coin barely changes with the amount of metal in it.
- The lowest premium per gram of any size
- Traded everywhere, so selling it on is straightforward
- One coin rather than a handful, so easier to store
- Suits a larger sum put into metal in one go
Questions people ask
Does it carry VAT?
Yes. Silver and platinum are standard rated in the UK, so twenty per cent is added. The price shown already includes it.
Is it Capital Gains Tax exempt?
Yes, for UK residents, because it is UK legal tender. Your own position is yours to check, and we are dealers rather than tax advisers.
How is it supplied?
In a protective capsule, sent in discreet packaging that says nothing about what is inside.
What if the price moves before I pay?
The price on this page is the metal at this moment. When you send us your order we confirm the final figure with you and hold it while you pay, so you are never charged a number you have not seen.
Delivery
Every order goes out fully insured, signed for and tracked, in packaging that gives nothing away. We tell you the dispatch date when we confirm your order. Delivery details.
Want to know more first? Read what is the best gold coin to buy or how to buy gold coins in the UK.