The Royal Mint celebrates August gold rush with new coin
Hot on the heels of last week’s news that The Royal Mint is to launch a gold-backed exchange traded commodity (ETC) fund, is the news that it is to issue a new coin, the White Lion of Mortimer, following what it calls the August gold rush.
August was the most popular month on record for precious metals at The Royal Mint, with a 127 per cent rise in demand for bullion coins, compared to the same period last year.
The White Lion of Mortimer is joining the Queen’s Beasts range of bullion coins and is available in one-ounce gold, quarter-ounce gold and two-ounce silver and represents one of 10 heraldic beasts.
The coins are Capital Gains Tax exempt for UK investors, and individual investors who purchase them from Royal Mint Bullion can opt for home delivery or they can choose to store them safely and securely at The Royal Mint Vault, which is guarded 24/7 by security staff. Investors have full legal ownership of the coins, and can liquidate their holdings at any time through the Royal Mint Bullion buy-back service.
Nicola Howell, Consumer Director at The Royal Mint, says: “We are very excited to expand our bullion range with an addition to the famous Queen’s Beasts collection, offering another investment opportunity at a time when demand for bullion coins is so high.”