UK gold: Sovereigns and Britannias, allocated to you. Oak & Mason.

What you own

What is in your name

Specific coins struck by The Royal Mint and allocated to you. Each one is recorded against your name on the vault’s register and kept apart from other customers’ holdings.

Shown here at their true relative sizes. Britannias struck before 2013 are 22 carat and hold the same weight of fine gold.

32.69 mm

Britannia, one ounce

31.10g of fine gold

£100 legal tender
27.00 mm

Britannia, half ounce

15.55g of fine gold

£50 legal tender
22.05 mm

Sovereign

7.32g of fine gold, 22 carat

£1 legal tender
22.00 mm

Britannia, quarter ounce

7.78g of fine gold

£25 legal tender
16.50 mm

Britannia, tenth ounce

3.11g of fine gold

£10 legal tender

A Sovereign and a quarter-ounce Britannia are almost exactly the same size. The Britannia holds a little more gold.

Specifications · The Royal Mint

Tax treatment

Two long-standing rules, stated plainly

When you buy

No VAT

Investment gold coins are exempt from VAT in the UK, and Sovereigns and Britannias both qualify. There is no VAT on the price you pay.

When you sell

No Capital Gains Tax

Britannias, and Sovereigns struck since 1837, are UK legal tender, so a gain when you sell them is generally outside Capital Gains Tax. Gold bars, and coins that are not UK legal tender, do not share this.

Tax, explained

Tax rules can change and how they apply depends on your personal circumstances. We are happy to walk through this with you.

Where your gold is held

In a London vault, allocated to you and insured, or at home, delivered by insured courier. You can keep some coins in each.

A secure vault lined with safe-deposit boxes — In the vault
London · allocated storage

Specific coins, recorded against your name

Kept apart, in a bag labelled with your name

Insured for as long as they are there

At your door

Delivered by insured courier

If you would rather keep the coins yourself, we send them by insured, signed-for courier, tracked the whole way. Coins in the vault can be sent to you at any time.

Signed for and tracked
Insured until they reach you
Some in the vault and some at home, if you prefer

Many home insurance policies limit cover for gold kept in the house. Check yours before you take delivery.

Buying gold

Three stages, each handled by a member of the team.

Stage oneAround ten minutes

A recommendation

A short questionnaire on your budget and how you would like to hold the coins. A written recommendation follows: which coins, how many, new or second-hand, and the price of each.
Stage twoBefore you pay

Your order

We confirm the coins, the price and any fees in writing before you pay. We make the same checks as opening a savings account: identity, address and source of funds. Payment is by bank transfer.
Stage threeFor as long as you hold

Custody

Your coins are allocated to you in the vault, or sent to your door by insured, signed-for courier. You can take delivery of vaulted coins at any time.

Two ways to sell

Sell a single coin or the whole holding, whenever you choose. We handle the paperwork and the delivery either way.

Route one

Back to us

Funds usually within three to five working days

We buy back at the live gold price, less a dealing spread that we quote before you agree.

Route two

Through another dealer

On your instruction

Sovereigns and Britannias are widely traded by bullion dealers. We send your coins to the buyer you choose, or release them to you to sell yourself.

Capital at risk. What you receive depends on the gold price on the day you sell, which can be lower than the price you paid. Gold pays no interest or dividend. Insurance covers loss and theft, not a fall in price.

The terms

Set out in full before you commit, and the same on every page.

Minimum holding

£1,200

From £1,200 for a first holding of Royal Mint gold coins in your name. You can add to it coin by coin after that.

Held in your name

100%

Specific coins, allocated to you and recorded against your name on the vault’s register.

Storage and insurance, first year

£0

Included for the first twelve months. From the second year a flat annual fee, typically £30 to £60 for a vault holding, quoted in advance.

What we handle

Everything around the coins, and a record of them

We look after the coins for as long as you hold them. Your account keeps the record, purchase by purchase.

Buying the coins you choose
Allocated storage in a London vault
Insurance in the vault and in transit
Insured delivery, whenever you ask
A statement of your holding
Sale, when you choose

Your gold

Example record

Sovereigns, allocated

Bag no. 0412

Coins: 10 Sovereigns, second-hand, mixed years
Fine gold: 73.2g, 7.32g in each coin
Bought: 12 March 2026
Held at: A London vault, allocated to you
Owner: You, on the vault’s register
Insured: Yes, while held in the vault

Your account shows the coins you hold and what you paid for them. It does not show a valuation.

Questions gold buyers ask

How is my gold recorded as mine?

Your coins are allocated: specific coins, recorded against your name on the vault’s register and kept apart from other customers’ holdings. You can ask for them to be sent to you at any time.

Why coins rather than bars?

Britannias, and Sovereigns struck since 1837, are UK legal tender, so a gain on them is generally outside Capital Gains Tax. Bars are not legal tender and do not share this. Coins also let you sell part of a holding, a coin at a time.

Are the coins new or second-hand?

Either. New coins carry a premium over the price of the gold they contain; second-hand coins with the same gold content usually carry a smaller one. We tell you which you are getting before you commit.

Can I keep the coins at home?

Yes. We send them by insured, signed-for courier, tracked the whole way. You can take all of them, or keep some in the vault and take the rest. Check that your home insurance covers gold before they arrive.

How is the price set?

Against the live price of gold. The price of each coin is set out in writing before you agree, and when you sell back to us we pay the live price less a dealing spread, quoted before you agree.

What does it cost after the first year?

A flat annual fee for vault storage and insurance, typically £30 to £60 a year depending on the size of the holding, quoted in writing before you commit.

Is buying physical gold regulated?

Buying physical gold is not a regulated investment activity, so it sits outside the Financial Conduct Authority’s remit. We do not give investment advice; for that, speak to an independent financial adviser.

What if the price of gold falls?

The value of your coins falls with it. Gold pays no interest or dividend, and its price can fall as well as rise, sometimes for long periods. What you receive when you sell depends on the price on that day.

Free guide

A short guide to UK gold

Sovereigns and Britannias, the two tax rules, the vault or your door, and how selling works. We send it by email.

Sovereigns and Britannias, and how they differ
Why coins are free of Capital Gains Tax and bars are not
The vault or your door: what each involves
How selling works, and what a dealing spread is

Speak to us

A fifteen-minute call with a member of the team, without obligation. We answer your questions; the decision remains yours.

Arrange a call Or request a recommendation

Sovereigns and Britannias, allocated to you

What is in your name

Britannia, one ounce

Britannia, half ounce

Sovereign

Britannia, quarter ounce

Britannia, tenth ounce