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2027 1/2oz Gold Britannia Bullion Coin
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What does the exempt CGT status mean?
Why buy CGT-exempt products?
A 1/2 ounce coin contains half a troy ounce of precious metal. That's about 15.55g of fine gold, in a coin a little smaller than a £2 piece.
Half-ounce coins sit between the full ounce and the smaller fractional sizes. They give you a good amount of gold in one coin, without the larger outlay of a 1oz coin.
Half-ounce Gold Britannias
The Royal Mint has made a half-ounce Gold Britannia since the series began in 1987. Today's coins are struck in 999.9 fine gold (24 carat) and measure 27.00mm across.
- Face value: £50, so the coin is UK legal tender
- Gold content: half a troy ounce of fine gold
- Design: Philip Nathan's Britannia, with King Charles III on newer coins
Older half ounces made between 1987 and 2012 are 22 carat. They hold the same amount of pure gold but weigh a little more. For 2027, the coin carries a '40' privy mark celebrating 40 years of the Gold Britannia.
Why choose a 1/2oz coin?
A half ounce is a practical middle ground. It costs less than a full ounce, but the premium over the gold price is usually lower than on quarter-ounce and tenth-ounce coins.
It's also flexible. If you hold several half ounces, you can sell part of your gold without parting with a whole ounce at once.
Tax on half-ounce coins
Gold coins that qualify as investment gold, such as Gold Britannias, are free from VAT in the UK.
Because Britannias are UK legal tender, any gain when you sell them is also free from Capital Gains Tax for UK residents. Half-ounce coins from other countries don't share this exemption.
Selling 1/2oz coins
We buy half-ounce coins in person at our Royal Wootton Bassett and Bodmin branches, and by post. See what we pay for a 1/2oz Gold Britannia, or browse our full Britannia range.
What does VAT-exempt mean?
Why buy VAT-exempt products?
Your questions answered
We've compiled a list of our most frequently asked questions. If there's something we haven't covered, please call us & we'll be happy to help. Read all FAQs.
As gold bullion is exempt from UK VAT, there are no applicable taxes at the point of purchase.
However, investors should note that gold bars are liable for Capital Gains Tax at the point of sale, if you exceed your capital gains threshold within your tax year and you make a profit on the sale.
As we're not financial advisors, we can't offer you advice. However, we can give you some facts surrounding gold bar investment.
When investing in gold bullion there are two primary choices:
- investing in gold bars
- investing in gold coins
Potential investors must always remember that the sale of gold bars are subject to Capital Gains Tax (if you make a profit on their sale and you go over your annual CGT threshold).
The key difference wth UK issued gold coins (primarily Sovereigns and Britannias) is these coins are exempt from Capital Gains Tax.
Therefore, if you're a UK resident, whilst the margin you pay when buying a gold bar may be lower, you might be better off investing in UK issued gold coins.
Yes. We buy half-ounce coins in person at our Royal Wootton Bassett and Bodmin branches, and by post. That includes older 22 carat Britannias.
It has a face value of £50. The gold in the coin is worth far more than its face value.
Yes, for UK residents. Britannias are UK legal tender, and gains on UK legal tender coins are exempt from Capital Gains Tax. Half-ounce coins from other countries aren't exempt.
Yes. Gold Britannias qualify as investment gold, so there's no VAT to pay on them in the UK.
Usually, yes. The premium over the gold price tends to be lower on bigger coins, because making costs are spread over more metal. So a single half ounce normally costs less than two quarter ounces.
A 1/2oz coin contains half a troy ounce, which is about 15.55g of fine gold. The coin itself weighs a little more. For example, the 2027 1/2oz Gold Britannia weighs 15.60g.
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