2025 St George and the Dragon 1oz Silver Bullion Coin
Out of Stock
Your Selections
2024 St George and the Dragon 1oz Silver Bullion Coin – Pre-Owned Best Value
Out of Stock
Learn more about selected products
Coins featuring His Majesty King Charles III mark a new chapter in British numismatic history. From 2022 onwards, The Royal Mint began issuing gold and silver coins bearing the official portrait of King Charles III, making these pieces highly collectable and historically significant.
Coins Bearing the Portrait of King Charles III
\r\n
The accession of King Charles III in September 2022 ushered in a new era for the British monarchy and UK coinage. In keeping with long-standing Royal Mint tradition, the monarch's effigy is updated on all newly issued legal tender coins. Coins bearing the image of His Majesty King Charles III are therefore of great historical and cultural importance, representing the first design change to the obverse of British coinage in 70 years.
\r\n
The first coins to feature King Charles III entered circulation and bullion markets in late 2022. The official effigy, designed by acclaimed British sculptor Martin Jennings, depicts the King facing left - in keeping with numismatic tradition, which alternates the direction of each new monarch's portrait.
\r\n
Coins minted with the portrait of King Charles III span both commemorative and bullion ranges. This includes popular investment coins such as the Gold Sovereign, Gold Britannia, and Silver Britannia, as well as limited-edition releases to mark significant national occasions, such as the Coronation Sovereign issued in 2023.
\r\n
These coins are not only legal tender but also form an essential part of British numismatic history. They appeal to both collectors and investors due to their historical importance, high precious metal content, and, in many cases, tax advantages - such as Capital Gains Tax (CGT) exemption for UK-issued gold legal tender coins.
\r\n
At Gold Traders, we offer a wide selection of King Charles III coins sourced directly from The Royal Mint. Whether you're interested in bullion-grade Sovereigns, investment-grade Britannias, or historic commemoratives, each coin is authenticated, securely packaged, and available for fully insured UK delivery or collection from our premises.
When you buy silver, platinum, or palladium bullion in the UK, Value Added Tax (VAT) can significantly impact the cost. Unlike investment-grade gold, which is VAT-exempt, these metals are normally subject to VAT at 20% when sold new.
The VAT Margin Scheme provides a way to reduce this cost when buying pre-owned bullion. Here's how it works: when a coin or bar is first sold as a brand-new product, VAT is charged in full. Once that VAT has been accounted for, the same item can later be sold under the Margin Scheme. In this case, VAT is only applied to the dealer's margin (their profit) rather than the entire metal value.
For you as a buyer, the benefit is simple - the overall price is lower, because you're not being asked to pay VAT a second time on the intrinsic metal content. The bullion itself is identical in weight and purity to brand-new items; the only difference is that it qualifies as pre-owned.
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.
The scheme applies to pre-owned silver, platinum, and palladium bullion. Gold bullion is already VAT-exempt, so it is not affected.
Because the full VAT was already accounted for when the coin or bar was originally sold as a new product. Under UK rules, it can then be resold on the Margin Scheme, keeping costs lower for the next buyer.
No. The coins and bars are exactly the same specification for weight and purity. The only difference is that they have previously been sold, allowing them to qualify as pre-owned. Pre-owned bullion may show signs of wear or handling, but its technical specification remains the same.
No. Under the Margin Scheme, VAT cannot be shown separately. It is included within the total price, but only calculated on the dealer's margin.
Not at all. When you sell your bullion, the buyback price is based on its metal content and weight, not on whether it was sold under the Margin Scheme.
Cost. Without it, you'd be paying 20% VAT on the full bullion price every time you bought silver, platinum, or palladium. The Margin Scheme ensures you don't pay VAT twice, making these metals far more affordable as an investment.
It's a system that allows dealers to charge VAT only on their profit margin, rather than the full value of the bullion. This is possible because VAT was already paid when the item was first sold as new.