Royal Mint launches bullion buying, trading platform

Website allows customers to buy, sell precious metals direct from Mint
By , Coin World
Published : 09/23/14
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Bullion buyers will no longer find a barrier to buy bullion coins direct from the Royal Mint.

Royal Mint officials on Sept. 22 announced that the mint had launched a new bullion trading website, www.royalmintbullion.com, enabling customers to securely buy, store and sell bullion coins directly from the Royal Mint.

Instead of buying the Royal Mint’s gold sovereigns or Lunar and Britannia gold and silver bullion coins through distributors, collectors and investors who establish an account may work directly with the mint that made the coins.

The website will offer constantly updated live prices for gold and silver at a rate linked to the current precious metal price, according to the announcement. 

The Royal Mint offers a line of bullion products that include pieces with long historic ties and pieces that were issued more recently to capitalize on the demand for gold and silver bullion.

The modern gold sovereign dates back to 1817 and has been struck from .9167 fine gold for nearly 200 years. 

The Royal Mint introduced its Proof Britannia 1-ounce gold coin in 1987 and Britannia 1-ounce silver coin in 1997, to offer direct competition to other coins in the bullion market. Initially struck in .9167 fine gold or .958 fine silver, the purity of each coin was changed to .9999 fine in 2013.

Storage, ordering options

Once a transaction on the new bullion trading website is completed, customers may opt to have the coins delivered to their home through an insured postal service, or store to their gold coins in “The Vault,” the Royal Mint’s on-site precious metal storage facility, which is protected at all times by Ministry of Defence forces. 

The vault storage facility was opened in December of 2012. The Royal Mint introduced the vault in response to increased demand for its bullion coins and market demand for additional vaulting capacity. 

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