Gold coins come in various types, including bullion coins, numismatic coins, and proof coins. Bullion coins are typically valued for their gold content, while numismatic and proof coins have added collector and historical value. Understanding the distinctions can help you choose the right type for your investment or collection.

Authenticity is crucial when buying gold coins. Reputable dealers provide certificates of authenticity, and you can also look for mint marks, weight, and specific design features that match the coin's description. Graded coins from trusted grading services like NGC or PCGS also ensure authenticity.

Several factors influence the price of gold coins, including the current market price of gold, coin rarity, condition (grade), and collector demand. It's essential to research these factors to make informed buying decisions.

Proper storage is vital to protect your investment. Consider a secure safe or a safety deposit box at a bank. Avoid handling the coins with bare hands, as oils and moisture can damage them. Additionally, you can use coin capsules or holders to protect the coins from scratches and environmental factors.

Selling gold coins can be done through reputable dealers, auction houses, or online marketplaces. It's essential to obtain fair valuations from multiple sources and be aware of any fees or commissions associated with the sale. Timing your sale to coincide with favourable market conditions can also impact your returns.

Like any investment, gold coins come with risks, including fluctuations in the market price of gold. Additionally, numismatic and proof coins may carry collector premiums that can be affected by changing demand. Diversifying your investment portfolio can help mitigate these risks.

While gold coins often have a face value and are considered legal tender, their actual value typically exceeds the face value due to the gold content and collector value. As a result, they are rarely used in everyday transactions. Most people buy gold coins for investment or collecting purposes rather than as a means of currency.

Always conduct thorough research and consider your financial goals when buying gold coins, and consult with experts or trusted sources if you have specific concerns or questions about your gold coin investments.

Since 1st January 2000, all investment grade gold is VAT exempt across the EU, as per notice 201/21a, the full details of which are available on HMRC’s website. Certain Gold Bullion and numismatic coins are also exempt from CGT.

Bullion coins from The Royal Mint are exempt from Capital Gains Tax for UK residents due to their status as legal British currency. In fact, all gold, silver and platinum bullion coins produced by The Royal Mint are classed as CGT-free investments; this includes gold and silver Britannia coins, Sovereigns and the popular Queens Beasts range. Due to their CGT exemption, investors can make an unlimited tax-free profit on all bullion coins produced by The Royal Mint. This contrasts with the vast majority of other investments and assets, including paintings, antiques, most shares and any property other than someone’s main residence, where the profits on the sale are liable for CGT.