The Royal Mint achieves record sales in special ‘Royal Succession’ auction
- The Royal Mint has achieved over $5.1 million (£4.1million) in sales in a special ‘Royal Succession’ auction
- Fierce bidding saw record prices, with the very last gold bullion 1oz Britannia struck under Her Late Majesty Queen Elizabeth II selling for over 25 times its metal value
- All 690 lots sold out, with bidding activity from over 35 countries, emphasising the significance of these historic coins.
13th September 2023
The Royal Mint has shared it has achieved record breaking sales of over $5.1 million (£4.1 million) in a special ‘Royal Succession’ auction featuring the last bullion coins struck by the UK coin maker featuring the effigy of Her Late Majesty Queen Elizabeth II and the first bullion coins produced bearing the portrait of His Majesty King Charles III.
All 690 lots from the historical auction, which was held via American Auction House, Stacks Bowers last month, sold out following nine hours of fierce bidding amongst collectors and investors. The last gold bullion 1oz Britannia struck under Her Late Majesty Queen Elizabeth II sold for $50,000 (£40,073) – over 25 times its metal value – and the first gold bullion 1oz Britannia struck under His Majesty King Charles III, achieved $42,000 (£33,661), over twenty times its metal value.
There were also record-breaking prices achieved for the silver 1oz Britannia bullion coins, with the very last bullion coin struck under Her Late Majesty Queen Elizabeth II selling for $19,000 (£15,227) - over 800 times its metal value - and the very first bullion coin struck under His Majesty King Charles III realizing $18,000 (£14,426), almost 800 times its metal value.
Selected coins featured signatures from Her Late Majesty Queen Elizabeth II’s final Assay Master Graeme Smith, the current King’s Assay Master Paul Morgan, and the CEO of The Royal Mint, Anne Jessopp. All coins were graded and encapsulated by leading grading service Numismatic Guaranty Company (“NGC”), bearing custom labels to recognise their historic significance.
Nick Bowkett, Head of Bullion Sales at The Royal Mint, said: “The Royal Mint is known around the world as the home of precious metals and for its prestigious and iconic designs. We were thrilled to be able to bring the Royal Succession Coin Series to auction to mark such a historic event in British and world history and to drive further awareness of our premium bullion coins, amongst collectors and investors globally.
“The success of the auction emphasises the significance of these historic coins and we saw bidding activity from over 35 countries, including the USA, Canada, China, the UK and Asia. We look forward to being able to offer more unique bullion auctions in the future, along with our premium range of bullion coins and bars.”
The Royal Mint's 2024 Britannia Bullion Range is launching soon.
For more information on The Royal Mint’s Bullion products, visit https://www.royalmint.com/invest/bullion/