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Ounce Gram
Gold £1235.62 £39.726
Silver £19.035 £0.6120

Updated 20:10 01/03/21

£ $

How much is a gold coin worth?


Like gold bars and ingots, the price of a gold bullion coin is not fixed and depends on a number of variables including its weight, gold content and the gold spot price. Although many gold coins are assigned nominal face values, in reality they are worth considerably more in terms of their fine gold content. The real value of a gold bullion coin is therefore calculated by multiplying its pure gold content by the current gold spot price.

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Gold Coin

Gold is typically used as an investment portfolio diversifier and a ‘safe-haven’ due to its proven ability to maintain a high value. In times of economic or geopolitical turbulence, when confidence is low, its appeal as an investment soars, causing the price to rise. Conversely, bullion becomes less popular when things are going well and investors seek higher-risk and potentially higher-yield assets, causing the price to fall.

Unlike silver investments, the price of a gold coin is not impacted by factors such as VAT, as gold bullion has been exempt in the UK since 2000. Furthermore, due to their status as legal tender, British coins such as Britannias and gold Sovereigns are also exempt from Capital Gains Tax (CGT) in the United Kingdom. This makes them especially worthwhile investments as you will not have to pay tax on your profits should you sell your coins for more than you paid for them.

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Due to their tax-free nature and small size are an extremely convenient investment, both in terms of storage and the ease with which they can be sold when the time comes to cash in on your investment. Spending your investment budget on a large amount of relatively small units gives you a level of flexibility that a single, larger unit would not. While it is easy to sell half your Britannias, for example, selling half a kilobar is a different story entirely. As such, coins are an exceedingly popular way of investing in gold, requiring a relatively low financial commitment per unit, as well as a minimal amount of effort needed to store and maintain. A distinction should be made between ‘numismatic’ coins and gold bullion coins. Gold bullion coins are literally ‘worth their weight in gold’ while, due to their rarity and appeal to collectors, the value of numismatic coins can be greatly inflated.

BullionByPost stocks a wide variety of gold coins, including popular CGT free Britannias and Sovereigns, as well as world famous Krugerrands, Double Eagles, and Maple Leafs.