Homepage / Bullion Coins: U.K. Coins / Britannia Silver Bullion Coin

Last Updated on 10/01/2026

1 oz. UK Britannia Silver 
Bullion Coin

The Royal Mint introduced the Silver Britannia in 1997 as a collector's silver proof set to commemorate the 10th anniversary of the Gold Britannia's minting; in 1998, minting began on the Silver Britannia bullion coin.

The bullion coin has a proof-like finish, just like the Australian Kookaburra, Koala, and the Austrian Philharmonic silver bullion coins.

The Silver Britannia, a 1 oz silver bullion coin, is highly regarded for its high-quality finish, making it an ideal addition to any investment portfolio or coin collection.

One little-known fact that some UK residents are unaware of is that bullion coins from The Royal Mint are Tax-exempt from Capital Gains due to the coins' status as legal British currency, giving UK residents who purchase these coins added profit when they decide to sell.

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Design of the
1 oz. Britannia Silver Bullion Coin

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Obverse

The monarch's face has subtly changed direction from the 2022 to the current Silver Britannia bullion coins.

The late Queen Elizabeth II faced to the right, and the new King of England, Charles III, is facing the left; switching the direction a monarch faces on coinage for the British Royal Family is a tradition that dates back to the 17th century.

Martin Jennings, the designer of King Charles III's portrait, stated the following about his design: "It is the smallest work I have created, but it is humbling to know it will be seen and held by people around the world for centuries to come.”

Martin Jenning's initials "MJ" are under the King's neck. (click image to enlarge)

Read more about the Royal Mint's unveiling of the King Charles III's effigy here.

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Inscriptions, inside the notched crenelated border of the coin, are the words and letters:

• CHARLES III
• · D ∙ G ∙ REX (stands for "Dei Gratia Rex," a Latin title meaning "By the Grace of God, King")
• · F ∙ D ·  (stands for "Fidei Defensor," a Latin title that translates into "Defender of the Faith") The Latin phrases have been used on British coinage since the 16th century.
• · 2 POUNDS ·
  

The Government of the United Kingdom has guaranteed the Silver Britannia bullion coin as legal tender and is Tax-Exempt from Capital Gains for the residents of the United Kingdom.

Coin Photo provided courtesy of The Royal Mint.

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Reverse

Britannia's image is a Symbol of National Honor for the United Kingdom.

"Britannia" is viewed as a beautiful young woman standing in the wind looking to her right, watching the seas, with flowing hair and a Corinthian helmet on her head, dressed in wind-whipped clothes. 

Britannia holds a three-pronged trident in her right hand and, in her left hand, an olive branch and a shield that has the United Kingdom's Union Jack Flag on it.

Designer Philip Nathan created Britannia's design.

Inscriptions:

• ❚ BRITANNIA ❚
  
• Year of Issue ❚
  
• 1 oz
• ❚ 999 ❚ FINE ❚ SILVER ❚
  
• NATHAN - designer's last name
  
• notched crenelated border

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Security Features

• small circle with a latent image; the image is visible when the coin's angle is changed; it switches between a trident and a padlock focusing on the coin's security.
• The beaded, laser-engraved background surface gives the effect of animated, flowing waves as the coin is moved.

• Micro-Text on an inner perimeter banding stating "DECUS ET TUTAMEN," translates to "An ornament and a safeguard"
• smooth lines on Britannia's shield provides contrast to the tones of light in the United Kingdom Union Jack flag. (click photos to enlarge)

Coin Photo provided courtesy of The Royal Mint.

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Edge

The Royal Mint produces each Britannia Gold bullion coin with a reeded edge.

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The History of "Britannia"

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"Britannia" is the ancient Latin name for Great Britain, originating from its time as a province of the Roman Empire.

During the 2nd century, Roman Britannia came to be personified as a woman, armed with a spear and shield and wearing a Corinthian helmet.

After the decline of the Roman Empire, Britannia's image wasn't used again until the 16th century during the reign of Elizabeth I, when John Dee promoted her image in a book published in 1577.

John Dee promoted Britannia kneeling on the shore before Elizabeth I, seated on a ship, in an appeal to the queen to strengthen the navy.

The Romans were the first to depict Britannia on coinage; Britain began using her image on pattern farthings in 1665, accompanied by the Latin inscription "I Claim the Four Seas."

After the Acts of Union in 1707, which joined the Kingdoms of England and Scotland, the personification of the martial Britannia was used as an emblem of British maritime power and unity, most notably in the patriotic song "Rule, Britannia!".

Today, Britannia is portrayed standing or seated alone, or with a lion, she holds a spear or a three-pronged trident in one hand and in the other hand holding a shield with the British Union Jack Flag on it.

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1 kilo. Britannia Silver
Coin Information

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Introduction:..............2023 

Years of Production:...2023 & 2024

IRA Approved:............Yes 

Grade:........................Uncirculated

Denomination:............500 POUNDS (£500 GBP)

Pure Silver Content:...32.15 Troy oz.

Total Weight:.............1000 grams

Purity:........................99.9% / 999 per mille

Diameter:...................100.00mm

Designers Obverse:....Martin Jennings 

Designers Reverse:.....Philip Nathan 

Edge:..........................Reeded

Mintage:.....................Mint to Order

Coin Photo provided courtesy of The Royal Mint

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10 oz. Britannia Silver
Coin Information

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Introduction:..............2021

Years of Production:...2021 & 2024

IRA Apporved:............Yes 

Grade:.........................Uncirculated

Denomination:............10 POUNDS (£10 GBP)

Pure Silver Content:....10.0 Troy oz.

Total Weight:..............311.0 grams

Purity:.........................99.9% / 999 per mille

Diameter:....................89.00mm

Designers Obverse:.....Jody Clark (2021 - 2022)

Designers Obverse:.....Martin Jennings (2023 - 2024)

Designers Reverse:......Philip Nathan (2021 to 2024)

Edge:...........................Reeded

Mintage:......................Mint to Order

Coin Photo provided courtesy of The Royal Mint.

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1 oz. Britannia Silver
Coin Information

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Introduction:...............1997

Years of Production:....1997 to present

IRA Approved:.............No (1997 - 2012)

IRA Apporved:.............Yes (2013 to Present)

Grade:.........................Uncirculated

Denomination:.............2 POUNDS (£2 GBP)

Silver Content:.............1 Troy oz. (1997 - Present)

Total Weight:...............32.45 grams (1997 - 2012)

Total Weight:...............31.21 grams (2013 - present)

Purity:.........................95.8% / 958 (1997 - 2012)

Purity:.........................99.9% / 999 per mille (2013 - Present)

Diameter:....................38.61mm

Thickness:...................3mm (2013 to present)

Designer Obverse:.......Raphael David Maklouf (1986 - 1997)

Designer Obverse:.......Ian Rank Broadley FRBS (1998-2014)

Designer Obverse:.......Jody Clark (2015 - 2022)

Designer Obverse:.......Martin Jennings (2023 - Present)

Designer Reverse:.......Philip Nathan (1998, 2000, 2002, 2004, 2006,                                              2012, thru present) )

Edge:...........................Reeded

Coin Photo provided courtesy of The Royal Mint

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1/2 oz. Britannia Silver
Coin Information

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Introduction:...............2011

Years of Production:....2011, 2025 to present

IRA Approved:.............No (2011)

IRA Approved:.............Yes (2025 to present)

Grade:.........................Uncirculated

Denomination:............1 POUND  (£1 GBP)

Silver Content:............1/2 Troy oz. (1997 - Present)

Total Weight:..............16.22 grams (2011)

Purity:.........................95.8% / 958 (2011)

Purity:.........................99.9% / 999 per mille

Diameter:....................27.00mm

Designer Obverse:.......Ian Rank Broadley FRBS (2011)

Designer Obverse:.......Martin Jennings (2025 - present)

Designers Reverse:......Philip Nathan (2025 - present)

Edge:...........................Reeded

Coin Photo provided courtesy of The Royal Mint

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1/4 oz. Britannia Silver
Coin Information

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Introduction:...............2013

Years of Production:....2013, 2014, 2021, 2023 to present

IRA Approved:.............Yes 

Grade:.........................Uncirculated

Denomination:............50 PENSE  (£0.50 GBP)

Silver Content:............1/4 Troy oz. 

Purity:.........................99.9% / 999 per mille

Diameter:....................22.00mm

Designers Obverse:.....Ian Rank Broadley FRBS (2013-2014)

Designers Obverse:.....Jody Clark (2021 - 2022)

Designers Obverse:.....Martin Jennings (2023 - Present)

Designers Reverse:......Philip Nathan (2013, 2014, 2021, 2023 to present)

Edge:...........................Reeded

Coin Photo provided courtesy of The Royal Mint

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1/10 oz. Britannia Silver
Coin Information

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Introduction:...............2006

Years of Production:....2006, 2020, 2021, 2023 to present

IRA Approved:.............No (2006)

IRA Approved:.............Yes (2020, 2021, 2023 to present)

Grade:.........................Uncirculated

Denomination:............20 PENSE  (£0.20 GBP)

Silver Content:............1/10 Troy oz. 

Purity:.........................95.8% / 958 (2006)

Purity:.........................99.9% / 999 per mille (2020, 2021, 2023 to                                               present)

Diameter:....................16.50mm

Designers Obverse:.....Ian Rank Broadley FRBS (2006)

Designers Obverse:.....Jody Clark (2020 - 2021)

Designers Obverse:.....Martin Jennings (2023 - Present)

Designers Reverse:.....Philip Nathan (2006, 2020, 2021, 2023 to                                                  present)

Edge:..........................Reeded

Coin Photo provided courtesy of The Royal Mint

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UK Britannia Silver Bullion Coins
Mintage Figures

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Year     

Year......1oz.................1/2oz.................1/4oz..................1/10oz

1998....88,909

1999....69,394

2000....81,301

2001....44,816

2002....36,543

2003....73,271

2004....57,000

2005....57,000

Year.........1oz..................................................................1/10oz

2006....50,300.............................................................Mint to Order

2007....94,000

2008....100,000

2009....100,000

2010....129,086

Year.........1oz.................1/2oz

2011....269,282...............50,000

2012....351,372

Year.........1oz..........................................1/4oz................1/10oz

2013....584,946.......................................20,000*

*Made of silver from the S.S Gairsoppa - 1/4 oz. only

2014....623,741......................................19,248*

*Made of silver from the S.S Gairsoppa - 1/4 oz. only

2015....2,780,259

2016....Mint to Order

2017....Mint to Order

2018....Mint to Order

2019....Mint to Order

Year.........1oz.........................................1/4oz.................1/10oz

2020....Mint to Order.....................................................Mint to Order

2021....Mint to Order............................Mint to Order.......Mint to Order

2022....Mint to Order

2023....Mint to Order............................Mint to Order.......Mint to Order

2024....Mint to Order............................Mint to Order.......Mint to Order

Year.........1oz.................1/2oz...............1/4oz...............1/10oz

2025....Mint to Order.....Mint to Order.....Mint to Order......Mint to Order

2026....Mint to Order.....Mint to Order.....Mint to Order......Mint to Order

Mintage Figures Last Updated on 09/23/2026

It is hoped that the Royal Mint will publish mintage figures again.

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