Auronum Announce the 2023 Gold Britannia will feature the late Queen and King Charles
Auronum have announced the 2023 gold Britannia range on their website, but the premium is high. This publication discusses whether investors should look to buy or avoid the new 2023 gold Britannia range.
LONDON, Oct. 24, 2022 /PRNewswire-PRWeb/ -- Auronum has just announced that next year's gold Britannia bullion coins will feature the fifth and final effigy of Queen Elizabeth II with a limited mintage. However, the remaining issues for 2023 will display the first portrait of King Charles on the iconic gold Britannia coins. The Royal Mint first notified the UK bullion companies that the 2023 Gold Britannia coins will be featuring two different sovereigns earlier this summer in its publication "Britannia 2023 1 oz Gold Bullion Coin", published in August 2022 available here.
Coins are available to pre-order but are being offered at a 10% premium over their intrinsic values, making this a very high premium coin especially when other bullion companies such as Auronum offer gold Britannia coins for a 2% premium over intrinsic value. This may leave some investors to question whether the 2023 gold Britannia will be a good investment or not.
One thing is for certain, premiums on coins during key historical times can defy logic. Upon the passing of Queen Elizabeth II in 2022, the gold sovereign market exploded with all bullion dealers selling out of the first portraits of her majesty known as 'Gillicks', named after the person who completed the portrait used on the coin.
With the 2023 gold Britannia coins being the last featuring Queen Elizabeth II and the first of the King Charles legacy, these coins are likely to maintain some sort of premium over their intrinsic value. Moreover, coins that are well preserved could even see their premiums grow over time as investors looking to secure the highest-grade coins have less to choose from as the years pass.
The caveat to this, however, is the Royal Mint is known to mass produce issues of bullion coins like this in order to maximise profit. The Mint, after all, has one window of opportunity to sell these coins at a high premium and so selling as many as possible is logical. As with anything in the investment world, the less rare an offering is the higher chance that it will trade close to its intrinsic value rather than at an inflated premium.
On balance, the 2023 gold Britannia coin could be an excellent purchase and may justify its current 10% premium, but this is very dependent on the volume of coins that will be produced by the Royal Mint. If supply matches demand and coins are made to order, then the secondary market will likely erode the high premium on these bullion coins when investors look to sell gold Britannia coins.
Any guidance on the mintage numbers of the Queen Elizabeth gold Britannia coins will be essential to appraise the opportunity at hand. Even if the Royal Mint produces a low mintage number of a certain gold coin in 2023, the premium is not guaranteed to be justified because the Royal Mint continuously produces these limited series which, in turn, dilutes the choice for buyers thus limiting the premium that these coins will command on the secondary market.
Media Contact
Levi, Auronum, 44 8009751012, [email protected]
SOURCE Auronum
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