The Royal Mint's Britannia moved from 22-karat to 0.9999 fine gold in 2013. UK sellers often prefer it because it is capital-gains-tax exempt for UK residents as legal tender, and its one-ounce fine gold content makes melt-value maths straightforward.
Britannia FAQ
How much gold is in a Britannia?
A Britannia weighs 31.103 g gross at 0.9999 fineness, so it contains 31.103 g of pure gold.
How is the melt value of a Britannia calculated?
Multiply the fine gold content of 31.103 g by the current spot price per gram in your currency. The calculator above does this with live prices and multiplies by your quantity.
Will a dealer pay melt value for a Britannia?
Bullion coins usually trade a few percent above melt when buying and slightly below melt when selling back. Expect 90–98% of melt from a specialist dealer and less from a general pawnbroker.
Is a worn Britannia worth less?
Wear removes a little metal but the loss is usually under one percent, so heavily circulated coins are still bought near melt. Damaged or mounted coins may be discounted for extra refining work.
Should I sell a Britannia as scrap?
Only if it has no collector premium. Rare dates, proof issues and original packaging can add well above melt value, so check the date and mintmark before melting.
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