Depending on the issue, a British Silver Britannia contains 1.0000 troy oz of pure silver (2013–present, worth $54.05) or 0.9995 troy oz (1997–2012, worth $54.02) at today's spot price.
The Royal Mint's silver bullion coin shows Britannia, the female figure who personifies Britain.
Melt values use these spot prices (US dollars):
- Silver $54.05 per troy oz Current quote · Quote time Oct 23, 7:10 PM EDT
Some prices could not be refreshed recently and may be out of date.
Melt value is the metal content at spot price, not a buy or sell price. Collectible coins can be worth much more. For reference only.
Specifications
| Specification | 2013–present (.999) | 1997–2012 (.958) |
|---|---|---|
| Years | 2013–present | 1997–2012 |
| Face value | 2 GBP | 2 GBP |
| Composition | 99.9% silver | 95.8% (Britannia) silver |
| Gross weight | 31.21 g | 32.45 g |
| Fineness | .999 (99.9%) | .958 (95.8%) |
| Pure metal | 1.0000 troy oz (31.103 g) | 0.9995 troy oz (31.087 g) |
| Diameter | 38.61 mm | 40 mm |
| Mint tube | 25 coins (1 oz) | 25 coins (1 oz) |
How the melt value is worked out
Melt value is the pure silver in the coin multiplied by the spot price. We use the coin's standard minted weight; worn coins weigh slightly less.
-
2013–present (.999): 31.21 g × .999 fine ÷ 31.1035 g per troy oz = 1.0024 troy oz (the issuer states 1.0000 troy oz, which we use)
1.0000 troy oz × $54.05 spot = $54.05 -
1997–2012 (.958): 32.45 g × .958 fine ÷ 31.1035 g per troy oz = 0.9995 troy oz
0.9995 troy oz × $54.05 spot = $54.02
How to identify it
- Britannia stands with a trident and shield on the reverse.
- Recent coins include security features such as a latent image that changes when tilted.
Melt value vs. collector value
Bullion coins usually sell for a premium over melt value. Proof, low-mintage and graded coins can be worth considerably more than their metal.
Related tools
Sources
- The Royal Mint: 1 oz Silver Britannia bullion coin — checked 2026-10-22
- The Royal Mint: Britannia 2022 1 oz silver proof — checked 2026-10-22
- Wikipedia: Britannia (coin) — checked 2026-10-22
- The Royal Mint: fineness change from .958 to .999 — checked 2026-10-22