The Silver Britannia contains 1 troy ounce of .999 fine silver (31.1035 grams). Produced by the Royal Mint of the United Kingdom since 1997, it features the iconic figure of Britannia — the personification of Britain — on the reverse. It carries a face value of £2 GBP.
Silver Britannias are Capital Gains Tax (CGT) exempt in the UK, making them the preferred silver bullion coin for British investors. For international buyers, Britannias typically carry premiums comparable to Silver Eagles and Maples.
The Royal Mint upgraded the Britannia's purity from .958 to .999 in 2013, and added advanced security features including a latent image that alternates between a lock and trident when viewed from different angles. The 2021 redesign by Philip Nathan introduced additional micro-text and animation security features.
Bullion dates trade at $2-5 over spot. CGT-exempt status in the UK drives demand. The 1997-2012 Britannia (.958 purity) versions are collected by some numismatists.