For nearly 1000 years, tradition in the United Kingdom dictates that a portrait of reigning monarch be incorporated into the obverse design of coinage.
The traditions of the British monarchy are part of the pomp and circumstance that many of their royal subjects have come to expect.
Following the death of Queen Elizabeth late in 2022, the designers and sculptures at the Royal Mint have been very busy preparing and producing new designs for all of the coins that they mint.
The official coronation of King Charles will occur in May. The Royal Mint is releasing new coin designs to celebrate this historic event and transition. The Type 2 design for the 2023 Britannia features a newly sculpted portrait of His Majesty King Charles III.
The Type 1 design featuring his mother, Queen Elizabeth are likely to start becoming scarce in the coming months. The new coins are already shipping from the mint.
Commonwealth countries will likely be following the lead and updating their coins with their own designs of the new ruler of the legacy British monarchy.
The new King Charles III 2023 Britannia Silver coin is also available in gold and platinum.
This is a unique opportunity for investors.
There are many loyal fans of the Royal Family and many of obsessed Royalist fans will be adding many of these coins to their collections.
For 2023, the two designs of the Britannia bullion coins offers investors with opportunities for the lower mintage coins to become rare and over time will likely lead to higher premiums.
Speculative investors may do well when buying up the Queen Elizabeth 2023 Type 1 Britannia coin and holding them.
Premiums on the Type 1 Britannia are starting to rise as the limited number of coins available sells out. Many buyers are already scooping up the First Issue of the 2023 Type 2 Britannia that is adorned with a portrait of King Charles.
