Melt values › 1 oz Silver Britannia
1 oz Silver Britannia value today: melt value and specs
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By GoldGuy. First published Oct 24, 2026. Specs checked against the sources below on Oct 24, 2026; melt values refresh with every price update.
As of Oct 31, 2026 2:24 AM ET, a 1 oz Silver Britannia is worth $49.25 in silver, per Bullion Price Check: 1.0 troy oz of pure silver × silver spot $49.25/oz (gold-api.com). Its £2 face value is only a legal-tender formality.
Key facts
- Melt value: $49.25 (Oct 31, 2026 2:24 AM ET)
- Silver content: 1.0 troy oz
- Weight / fineness: 31.21 g, 999 fine silver
- Years: 1997–present
- Silver spot: $49.25/oz (gold-api.com, Oct 31, 2026 2:24 AM ET)
Specifications (checked Oct 24, 2026)
| Spec | Value | Source |
|---|---|---|
| Pure silver | 1 troy oz | source |
| Fineness | 999 fine silver | source |
| Weight | 31.21 g | source |
| Diameter | 38.61 mm | source |
| Face value | £2 (UK legal tender) | source |
Sources: The Royal Mint: Britannia 2026 1oz Silver Bullion Coin (specification); The Royal Mint: 2026 Britannia 1oz Silver Proof Coin (specification, weight); The Royal Mint: Britannia at 40: Four Decades of Change.
1 oz Silver Britannia melt value by quantity
| Coins | Silver (troy oz) | Melt |
|---|---|---|
| 1 | 1.0000 | $49.25 |
| 5 | 5.0000 | $246.27 |
| 10 | 10.0000 | $492.54 |
| 20 | 20.0000 | $985.08 |
| 25 | 25.0000 | $1,231.35 |
| 100 | 100.0000 | $4,925.40 |
Melt = 1.0 troy oz × silver spot $49.25/oz as of Oct 31, 2026 2:24 AM ET (gold-api.com). Full-weight coins; worn coins can be slightly lighter.
How to recognize a 1 oz Silver Britannia
Philip Nathan's standing Britannia on the 2026 bullion coin, with security features the Royal Mint lists as micro-text, a latent image, tincture lines and surface animation.
1 oz Silver Britannia facts
- The silver Britannia was introduced in 1997, ten years after the first gold Britannia in 1987. (source)
- The Royal Mint says Britannias are exempt from UK Capital Gains Tax because they are British legal tender. US sellers are taxed under US rules, not UK ones. (source)
- Coins struck from 2023 show King Charles III; the Royal Mint notes that some 2023-dated bullion coins were released with Queen Elizabeth II's effigy. (source)
Britannia melt vs price
The Royal Mint's 1 oz silver Britannia contains one troy ounce of fine silver, so its melt value tracks silver spot one for one. The Royal Mint notes the coin's precious-metal content has stayed the same since launch, even as designs and portraits changed.
The £2 face value is a legal-tender formality: as of today's spot the silver is worth far more than £2.
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Frequently asked questions
How much silver is in a 1 oz Silver Britannia?
One troy ounce of 999 fine silver; the Royal Mint lists the coin at 31.21 g and 38.61 mm. That is $49.25 at spot as of Oct 31, 2026 2:24 AM ET.
What are 1 oz Silver Britannia coins made of?
999 fine silver (99.9% silver), per the Royal Mint's 2026 bullion coin specification.
What is special about a 2023 Silver Britannia?
2023 was the first year a monarch other than Queen Elizabeth II appeared on Britannia bullion: the Royal Mint used her effigy, King Charles III's uncrowned effigy and his crowned coronation effigy that year.
Specs on this page come from the issuing mint or central bank; no Numista data is used here. To check a collector estimate, use the coin value lookup.
General information, not financial advice. Bullion Price Check publishes price data; it does not buy or sell coins.