Buying gold coins is one of the most popular ways to invest in gold in the UK. Coins are easy to buy online, simple to store, and in many cases completely tax free. If you are looking to start building a gold portfolio, or want to add to what you already own, gold coins can be a smart and flexible choice.
Why Choose Gold Coins
When people think about investing in gold, bars often come to mind, but coins have several advantages that make them especially appealing in the UK.
- Flexibility – You can sell a single coin if you need to raise money quickly, rather than parting with a whole bar.
- Tax benefits – Certain coins, such as the British Sovereign and Britannia, are exempt from Capital Gains Tax for UK residents. That means any profit you make when selling them is tax free.
- Recognised worldwide – Popular coins like the Krugerrand, Maple Leaf, and American Eagle are known across the globe and easy to sell.
- Collectability – Some investors enjoy building collections of coins, which can sometimes add extra value beyond the gold content.
Popular Gold Coins in the UK
If you are new to gold investing, the variety of coins on offer can feel overwhelming. Here are some of the most trusted and commonly traded options available online.
Gold Sovereign
A coin steeped in British history. The Sovereign has been minted since 1817 and contains just under a quarter of an ounce of gold. It is widely recognised, highly liquid, and completely exempt from Capital Gains Tax.
Gold Britannia
Another UK favourite, the Britannia is available in one ounce and fractional sizes. Since 2013 all Britannias have been struck in 24 carat gold. Like the Sovereign, they are CGT free for UK residents, making them a tax efficient way to invest.
Krugerrand
The South African Krugerrand was the first modern bullion coin and is still one of the most traded worldwide. It contains one full ounce of gold and is easy to sell both in the UK and abroad.
American Eagle and Canadian Maple Leaf
Both coins are produced by government mints and carry strong reputations. The Eagle is slightly less pure than some other coins at 22 carat, while the Maple Leaf is 24 carat and known for its detailed design.
Where to Buy Gold Coins Online
There are several established and reliable dealers in the UK that sell gold coins online. The most well known include:
- The Royal Mint – Official producer of Sovereigns and Britannias.
- BullionByPost – One of the largest online dealers in the UK, offering a wide range of coins.
- Atkinsons Bullion – A family-run business with competitive pricing.
- Chards – Established dealer with a strong reputation.
When buying online, always make sure the dealer is transparent about pricing and that the order includes insured delivery.
How to Check Prices
The price of a gold coin is linked to the live spot price of gold plus a small premium for minting and dealer costs. This premium varies depending on the coin and the seller.
- Sovereigns and Britannias usually carry a lower premium compared to more niche coins.
- One ounce coins often offer better value per gram than smaller fractional coins.
- Always compare several dealers before you buy to make sure you are getting a fair price.
Storing Gold Coins
Once you have bought your coins, you need to think about how to store them. You have three main options:
- At home – A good quality safe is essential if you keep coins in your house.
- Bank safe deposit box – Secure but comes with ongoing costs and limited access.
- Professional vault storage – Many dealers offer this service for a yearly fee.
If you are only buying a small number of coins, home storage might be fine. For larger investments, a vault or deposit box is often the safer option.
Selling Gold Coins
Selling your gold coins is usually just as straightforward as buying them. Most dealers will buy back the coins they sell, and many publish live buy-back prices on their websites. You can also sell to jewellers or private collectors, although the process may not be as simple.
The fact that Sovereigns and Britannias are exempt from Capital Gains Tax makes them especially attractive when it comes time to sell.
FAQs About Buying Gold Coins Online
Are gold coins a good investment?
Yes, they are easy to buy and sell, often carry tax benefits in the UK, and can provide long-term security.
What is the difference between bullion coins and collectible coins?
Bullion coins are valued mainly for their gold content, while collectible or numismatic coins may carry a higher price due to rarity, age, or design.
Do I pay VAT on gold coins?
Investment gold coins are exempt from VAT in the UK.
Is it safe to order gold coins for home delivery?
Yes, as long as you use a trusted dealer. Orders are usually delivered by insured and discreet courier services.
Final Thoughts
Buying gold coins online in the UK is a simple and effective way to invest in physical gold. Coins give you flexibility, recognised value, and in the case of Sovereigns and Britannias, complete freedom from Capital Gains Tax. By choosing a reputable dealer, checking live prices, and planning safe storage, you can build a gold portfolio that protects your wealth for years to come.