- 13 May 2022
- Greg Morrison
- Precious Metals
- Comments: 0
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The Britannia is one of the most popular coins from the UK. But, did you know that there is also a Seated Britannia coin, in addition to the more common coin showing Britannia standing? If you'd like to learn more about this less common Silver Seated Britannia Coin to decide if you'd like to add it to your investment portfolio, continue reading.
We're here to share more about the history of this coin, its composition, and design to help you make the best financial decisions for your future.
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Silver Seated Britannia Coin at a Glance
History of the Silver Seated Britannia Coin
Britannia is an important figure for Britain. She is the female personification that symbolizes the strength and power of the country. Britannia can be found on many different coins from the UK, including this Silver Seated Britannia Coin.
Britannia originally used to be shown holding a spear. However, following the success of the Royal Navy, the spear was changed to a trident in 1797. Additionally, her helmet was added to the depictions in 1825.
Silver Seated Britannia Coin Design
If you are thinking about investing in the Silver Seated Britannia coin, read on to learn more about the obverse and reverse designs of the coin.
Obverse
As you'll find with other British currency, the obverse of this coin features a portrait of Her Majesty Queen Elizabeth II. In this effigy, designed by Ian Rank-Broadley, the queen is facing the right. A diamond tiara, known as the "Girls of Great Britain and Ireland" sits atop her head. This tiara was a gift to the Queen by her grandmother, Queen Mary, in 1947.
Reverse
As you can probably guess based on the name of this coin, the reverse design depicts Britannia in a seating position. With her are her trident and shield, which bears the Union Flag's symbol on it. The coin's weight and date of issue are also stamped on the back, along with the word "Britannia."
Silver Seated Britannia Coin Value
Despite the printed face value on the Silver Seated Britannia coin, this coin is actually worth a lot more. As a highly pure silver coin, its value will correlate with the spot price of silver. However, since the daily spot price of silver can fluctuate over a short period of time, we don't want to write the current value here, as it could be incorrect soon.
Rather, if you think you are interested in investing in Silver Seated Britannias, you should reach out to a precious metals provider that offers this coin. They will be able to give you up-to-date pricing information and let you know what you need to do to make a purchase.
Adding Silver Seated Britannia Coins to a Silver IRA
Have you heard of a Precious Metals IRA? This type of Self-Directed IRA, which can also be referred to as a Gold IRA or Silver IRA, allows you to invest in precious metals in a retirement account. For many individuals, this is the perfect opportunity to diversify their portfolios and hedge against inflation by making sure all of their money isn't invested in the stock market.
Additionally, the IRS offers tax benefits to IRA holders that you don't get if you make a personal investment. This can make the idea of adding precious metals to a retirement account all the more appealing.
However, there are strict rules from the IRS regarding the bullion products that one can add to the Precious Metals IRA; you can't simply place any silver coins or bars in these accounts. Silver coins and bars must be at least 99.9% pure to be held in a retirement account.
So, can you add the Silver Seated Britannia to an IRA? Yes, this is an IRA-eligible coin. With its 99.99% purity level, it surpasses the minimum set by the IRS.
If you are interested in adding a Silver Seated Britannia to a retirement account, reach out to your precious metals provider. They'll help you work with an IRA custodian to open and fund your account, then you'll be able to add the Silver Seated Britannia or other precious metals coins or bars.
Are Silver Seated Britannia Coins a Good Investment?
More and more people seem to be investing in precious metals, like silver. Silver has historically been a popular precious metal, and with more uses being discovered for it related to technological advancements, it appears to hold some promise for the future. As a silver coin, the Seated Britannia's value would rise along with the price of silver, should such an increase take place. Do you see this coin as a worthwhile way to invest your money?
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