Silver Britannia value

A one ounce silver Britannia contains a troy ounce of silver, 31.1 grams, at 999 fine according to the Royal Mint’s 2026 specification, so its metal value is the silver spot price of an ounce, which this calculator reads in pounds from gold-api.com and shows with its time. Type the price a dealer asks or offers to see it as a percentage of the silver. Two rules make the silver coin very different from its gold namesake. Silver is never investment gold, so a silver Britannia bought from a UK dealer carries VAT at 20%, and the gap between buying and selling prices is wide. But it is UK legal tender like the gold coin, so a gain on it is outside Capital Gains Tax. Gold by Carat is an independent site, not a silver buyer or a dealer, and sells no coins.

Example: 1 × Silver Britannia 1 oz. Choose your coin and how many you have.

Price: what a dealer asks, or a buyer offers, for all these coins. It shows that price as a share of the gold inside. Leave at 0 if you have no price.

Silver price recorded, 9 November 2026, 11:53 pm UK time: £1.29 a gram of pure silver (£40.08 an ounce). Your result uses this price.

Where this price comes from

It is the price traders use for pure silver, from gold-api.com, a free price service. A shop pays less. The page reads it once when it opens, and the tables and examples in the text of this page are worked out at the same price.

Nothing you type here leaves your phone or computer. We never ask for your name or email.

Example: value of the silver in 1 × Silver Britannia 1 oz

£40.08

31.103 g of pure silver per coin, £40.08 each

Coin value
Gold in 1,000 parts999
Tax when you sellBritish coin: no Capital Gains Tax

Figures and rules checked by the site’s publisher, Radif Partners · How the values are worked out · Editorial policy

Silver Britannias by the number

Worked out at the same silver price as the calculator above (9 November 2026, 11:53 pm UK time). The last column only shows the effect of VAT on the metal; a dealer’s price also includes its premium.
CoinsMetal valueMetal value + VAT
1 coin£40.04£48.05
10 coins£400.40£480.48
25 coins£1,001£1,201
100 coins£4,004£4,805
500 coins£20,020£24,024

More detail below: tap a heading to open it.

Specification

The Royal Mint’s 2026 silver Britannia contains one troy ounce of 999 fine silver. The calculator values it from that content.

VAT on silver

HMRC’s VAT guidance exempts only investment gold. Silver coins and bars are standard-rated at 20%, so a dealer adds VAT to its price. When you sell back as a private person, no VAT is involved, but the dealer’s buying price reflects only the silver and its own margin. That round trip is the main cost of holding silver coins.

Capital Gains Tax

The silver Britannia is legal tender in the UK, so it is sterling currency and not a chargeable asset. Gains are not taxed, however large. Foreign silver coins, such as Maple Leafs or Eagles, do not have this exemption.

The silver price page gives the price per gram and kilo, and the gold Britannia page covers the gold coin.

Questions before you sell or buy

Tap a question to see the answer.

Why does a silver Britannia cost so much more than its silver?

Three costs sit on top of the metal: the Royal Mint’s and the dealer’s margins, which are large relative to a coin worth tens of pounds, and VAT at 20% on the whole price, because silver is not investment gold. Selling back, you get no VAT refund, so the coin has to rise a long way to break even.

Is there Capital Gains Tax on silver Britannias?

No. Silver Britannias are UK legal tender, so they are sterling currency and the tax law excludes them from chargeable assets. A profit on them is never taxed, however many you sell, which is one reason they are popular despite the VAT charged when you buy them.

How do I compare two dealers’ prices for silver Britannias?

Type each price per coin into the calculator and read it as a percentage of the silver. Make sure both prices include VAT and delivery, and compare them at the same moment, because the silver price moves. For larger orders, ask for the price per coin at your quantity, since it often falls in tubes or boxes.

Work out next

Silver price per gram

Silver by gram, ounce and kilo at each hallmark standard

Gold Britannia value

One ounce of 999.9 gold, and the fractional coins

VAT on gold

VAT, the sales tax, on investment gold, jewellery and silver: the tests of HMRC, the UK tax office

Capital Gains Tax on gold

Coins, jewellery and bars: who pays, the £6,000 tax-free limit, the rates

Where our figures come from: laws, the UK tax office (HMRC) and the Royal Mint

Worked out by

Independent publisher of UK gold and silver value calculators, not a gold buyer or a dealer

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