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Britannia 2024 1oz Silver Bullion Coin

  • Enhanced with four advanced security features
  • A latent image changes from a padlock to Britannia’s famous trident
  • Surface animation brings the background of waves to life
  • The micro-text provides both decoration and protection
  • Britannia’s shield bears the Union flag, which is accented with tincture lines
  • Encapsulated in a single coin capsule

For more than 1,100 years, The Royal Mint has combined tradition and innovation to create beautiful, secure and trusted coins. In 2024, Britannia continues to lead the way in defining security in the bullion market. This latest incarnation of the icon combines Philip Nathan’s 1987 interpretation with four pioneering security features to create one of the most visually secure coins in the world. These additions have been applied to both decorate the coin and make it secure, just as the micro-text that borders the design states – ‘DECUS ET TUTAMEN’, which translates as ‘An ornament and a safeguard’. In the lower part of the design, below Britannia’s flowing gown, a trident represents the icon’s maritime history. As the viewer changes their perspective of the coin, the trident turns into a padlock that emphasises the coin’s secure nature. Surface animation reflects and represents the movement of waves behind Britannia and tincture lines highlight fine details such as the Union flag on Britannia’s shield.

This one ounce silver coin includes four security features as does the one kilo silver edition of the coin; these features are also available on various gold and platinum editions of the coin.

How are bullion prices calculated?
The 'buy' and 'sell' prices shown on the website represent the market value of raw vaulted metal in an 'unallocated' form. This is the standard way prices are quoted throughout the bullion industry. In order for The Royal Mint to deliver beautifully crafted precious metals products to your address, or to our vault, a number of processes must take place, all of which incur a cost. These processes include transportation, refining, minting, quality checking and merchandising.

The price at which The Royal Mint is able to sell bullion products to consumers is therefore made up of the 'spot price' (the buy price) plus an additional premium. The premium accounts for the costs incurred in manufacturing a particular product and is usually either a percentage of the buy price or a fixed monetary amount. In short, manufactured bullion products always sell at a premium to enable retailers and manufacturers to cover their costs.
Can I spend/pay using my bullion coins?

All UK coins, whether circulating or non-circulating, are authorised as “legal tender” by Royal Proclamation, in accordance with the Coinage Act of 1971.

Legal tender allows UK coins to be accepted for payment of debts in court – but, only circulating legal tender coins are designed to be spent and traded at businesses and banks. The Royal Mint creates commemorative and bullion coin series to celebrate key moments or individuals, and these are treasured for their collectable and aesthetic value, or purchased for investment opportunities. However, these non-circulating, commemorative and bullion coins are limited edition and will not enter general circulation – meaning banks and businesses are not required to accept them.

For more information on legal tender guidelines see: www.royalmint.com/aboutus/policies-and-guidelines/legal-tender-guidelines

Specification

Britannia 2024 1oz Silver Bullion Coin

Specification Value
Denomination £2
Alloy 999 Fine Silver
Diameter 38.61mm
Reverse Designer Philip Nathan
Obverse Designer Martin Jennings
Specification Value
Quality Bullion
Year 2024
Pure Metal Type Silver
Pure Metal Content 1 Troy Oz
Fineness 999
Packaging Single Coin Capsule
Security Features Micro-text | Latent image | Tincture lines | Surface animation
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