Like many other mints, the Royal Mint issues bullion coins in precious metals, having much higher intrinsic value than their face value. The one-tenth ounce (1/10 oz) gold coins are denominated as Ten Pounds (£10) and have been issued since 1987.
These coins are legal tender but are not intended for circulation. They are targeted at bullion investors or collectors who appreciate the special editions as pieces of art. The coins are typically "one-year" types usually issued in parallel with other denominations with the same reverse designs.
In 2009, the Royal Mint re-issued the anniversary Britannia design initially used in 1997 to mark the tenth year of the Britannia bullion coins range, which was also the first issue of silver Britannias (they were only gold before). The design is known as The Charioteer and depicts Britannia standing whilst driving a two-horse chariot in the manner of the warrior queen Boudicca (Boadicea).
The composition of the coin is 91.77% gold alloyed with 8.23% silver. The tenth-ounce (1/10oz) gold coin was issued as "bullion" (in Brilliant Uncirculated grade) and in Proof FDC grade in mint sets. |