Many countries now issue a one ounce bullion coin, to be sold at a very low premium over the intrinsic gold value. TheManxversion is the Angel, although there are also someGold Bullion Crowns. Angels were introduced in 1984, in a proof version only, in four weights from one ounce to fractional sizes of half ounce, quarter ounce, and tenth ounce. Both proof and bullion versions have been issued every year from 1985.
The Angel Family
Gold Angels have been produced in a number of different sizes and weights, from one ounce to one twenty-fifth of an ounce, as detailed below, although the quarter ounce version is no longer produced.
Angel - A New Design With A 500 Year Old Tradition
Angels were first issued for Edward IV of England in 1464, and continued to be issued until the reign of Charles I in 1642. The archangel Michael is shown killing a dragon.
Low Premium Over Gold Content
As with most one ounce gold bullion coins, they are made available to world bullion dealers at a 3% premium over the current gold fix, so that after distribution costs, the coins would be available to investors in quantity at about 4% to 5% over intrinsic gold values, and possibly about 10% premium for single pieces.
Higher Premium on Smaller Sizes
The fractional sizes are issued at higher premiums than for the one ounce versions. The fractional coins have never been as popular as the full one ounce coins, usually only being purchased as singles.
VAT Free From January 2000
In Britain investment gold coins became VAT free.
Continuous Service from Chard
Chard have maintained a dealing service for both collectors and investors in bullion and numismatic coins since 1964.
Technical Specifications
The following table summarises the specifications of all the sizes.
Key
Denomination = Face Value Diameter = Approximate Diameter in millimetres. Weight = Weight in grams. Alloy or Fineness = Fineness of gold. AGW = Gold Content = Actual fine gold weight in troy ounces.
Postage & Packing
UK Registered Post (Special Delivery) £9 per order EU Insured Post £10 per order USA Airmail $10 per order USA Insured Shipping $20 per order