What is the Valiant coin?
The Royal Mint launched the Valiant bullion coin in 2018. It was made with overseas investors in mind, especially in the USA.
The name reflects the bravery of St George. Each coin shows him on horseback at the moment he defeats the dragon, a story of honour, courage and victory.
The St George and the dragon design
The design is by the artist Etienne Millner. It's a modern take on the St George legend, and the action fills almost the whole coin.
Behind St George is a guilloche pattern. That's a fine pattern of repeating engraved lines, a bit like the ones you see on banknotes.
Parts of the design are incuse, which means they're cut into the coin rather than raised up from it. The Royal Mint says the Valiant was its first bullion coin with an incuse design. Frosting picks out parts of the picture, so they stand out from the background.
The other side shows Jody Clark's portrait of Queen Elizabeth II. Every Valiant coin carries this portrait, as the series ended in 2021, before the change to King Charles III.
Valiant coin sizes and years
| Size |
Years made |
Pure silver |
Diameter |
Face value |
| 10oz Silver Valiant |
2018 to 2021 |
10 troy oz (311g) |
89mm |
£10 |
| 1oz Silver Valiant |
2019 to 2021 |
1 troy oz (31.1g) |
38.61mm |
£2 |
10oz Silver Valiant
The 10oz coin came first, in 2018. That's unusual, as most bullion series start with a 1oz coin. At 89mm across, it's a big, impressive coin that shows off the design in plenty of detail.
1oz Silver Valiant
The 1oz coin followed in 2019. The Royal Mint sold it on its own in a coin capsule, or in tubes of 25 coins.
The design stayed the same each year. For 2021, The Royal Mint added a micro-dot texture to the flat background of the 1oz coin.
Valiant coins and tax
Valiant coins are UK legal tender. That means any gain you make when you sell them is free from Capital Gains Tax (CGT) for UK residents.
Silver doesn't count as investment gold, so VAT can apply when you buy silver coins. If you're not sure how tax applies to you, it's worth speaking to a tax adviser.
Buying and selling Valiant coins with Gold Traders
Gold Traders is an Official Partner of The Royal Mint, and the only one in the South West. Our stock of Valiant coins changes often, so check back if the size or year you want is out of stock.
When the time comes to sell, we buy Valiant coins of every year and size. You can sell in person at our Royal Wootton Bassett and Bodmin branches, or by post. See what we pay for silver coins.
If you like British silver coins, take a look at our Britannia range too.