Speaking about the 1/10 oz platinum Britannia bullion coin, Andrew Dickey, Precious Metals Divisional Director at The Royal Mint, says:
“The fractional 1/10 oz platinum Britannia bullion coin has been a great success story for us at The Royal Mint. It has allowed us to make our product offering a lot more accessible and it represents a great entry-level product for first time investors.”
Precious metal value
The 1/10 oz platinum Britannia coin was first launched in 2018. It is legal tender in the UK, with a face value of £10, meaning that it does not attract capital gains tax for UK residents. Its weight and purity – it is struck in 99.95 per cent pure platinum ¬– are guaranteed by the British government. Although the fractional Britannia coin is classed as legal tender, it is not intended for circulation. Its value is linked to the intrinsic value of the precious metal within it, rather than the face value of the denomination.
To further serve the needs of investors during the unprecedented disruption caused by the COVID-19 pandemic, several suppliers of precious metal bullion bars and coins, while still processing orders as normal, are offering customers safe storage options until normal shipping operations resume.