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What does the exempt CGT status mean?
Why buy CGT-exempt products?
Valiant coins are silver bullion coins from The Royal Mint. They show St George, England's patron saint, slaying the dragon. The series ran from 2018 to 2021, in 1oz and 10oz sizes.
Every Valiant coin is struck in 999.9 fine silver (99.99% pure), and they're UK legal tender. That makes them free from Capital Gains Tax for UK residents.
You'll find our full range of Valiant coins below.
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 Valiant coins of every year, in both the 1oz and 10oz sizes. You can sell them at our Royal Wootton Bassett or Bodmin branches, or send them to us by post.
No. The newest Valiant coins on The Royal Mint's records are dated 2021. That means every Valiant coin you can buy today is from the 2018 to 2021 run, and all of them carry the portrait of Queen Elizabeth II.
Yes. Valiant coins are UK legal tender, with a face value of £2 for the 1oz coin and £10 for the 10oz coin. That means UK residents don't pay Capital Gains Tax on any profit when they sell them.
Silver isn't VAT-free in the UK, but the Valiant coins we sell are pre-owned. They're sold under the VAT margin scheme, so VAT is only worked out on our margin, not the full price. This usually makes them cheaper than buying new silver coins.
The Royal Mint made the 10oz Silver Valiant from 2018 to 2021, and the 1oz Silver Valiant from 2019 to 2021. So there are four 10oz dates and three 1oz dates in total. Every coin is struck in 999.9 fine silver and shows Queen Elizabeth II.