EXCLUSIVE Royal Mint reveals one investor banked a £70,000 tax-free profit buying and selling gold... inside eight months
The value of gold coins sold back to the Royal Mint reached an all-time high, up 75 per cent quarter-on-quarter and 55 per cent year-on-year.
The Royal Mint operates a buyback scheme where customers can sell their gold coins.
In one case, an investor purchased gold coins from the Royal Mint in October 2024, when the gold price was £1,972.40, and sold them in June 2025 for a £70,000 Capital Gains tax-free profit, by which time the gold price had risen to £2,447.74.
Driving the rise in investors selling back precious metal was the gold price, which set five new all-time highs in sterling, peaking at £2,611.66 in April.
This lead to 'unprecedented engagement from UK investors,' according to The Royal Mint.
There has also been record demand because bullion and coins from the Royal Mint are exempt from capital gains tax, as they are classified as legal tender. Gold bars and coins bought outside of the Royal Mint are not free from capital gains tax.
Despite record sell-back activity, gold coin purchases still outweighed sales by a 6:1 ratio, according to the Royal Mint.
Online gold bullion coin sales reached the second-highest levels on record, with revenue up 117 per cent from the same period last year, despite a 11 per cent decline quarter on quarter.
Last year, customers bought a record £750million worth of gold bullion coins from the Royal Mint.
There was a 329 per cent jump in gold coin sales in the first three months of this year compared to the same period in 2024.
Sales of all precious metals from the Royal Mint continued to grow, up 55 per cent from the same period last year.
Sales of silver and platinum saw the most dramatic growth in this quarter as gold's rally prompted broadened interest in silver and platinum from investors
Silver sales rose 51 per cent while platinum sales were up 188 per cent in the first three months of 2025 compared to the same period last year..
Stuart O'Reilly, market insights manager at The Royal Mint, said: 'We're seeing strategic behaviour from investors to rebalance portfolios and rotating into silver and platinum.
'The fact that silver and platinum activity has surged alongside gold's rally shows UK investors are becoming increasingly aware of the value of other precious metals, with silver and platinum often following gold's lead during major rallies.'
The Royal Mint's vault operations delivered substantial quantities of bullion bars including 400oz gold bars and 1,000oz silver bars to meet record customer demand, while also processing the highest levels of customer sellbacks on record.
The Royal Mint's VAT-free DigiGold range - where investors can buy fractional amounts of gold bars stored in the Royal Mint's vault - saw huge growth across all metals, with the most dramatic growth in silver and platinum.
Digital Gold sales rose 103 per cent year-on-year, while Digital Platinum sales soared 798 per cent and Digital Silver sales rocketed 1,158 per cent compared to the first three months of 2024.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Daily Mail
10 minutes ago
- Daily Mail
Is THIS the most overpriced semi-detached in Britain? House hunters stunned after couple put three-bed home on sale for £2M over average asking price... but neighbours say it is worth it
A couple have infuriated house hunters online after listing their home for almost £2million over the average sale price of their street. Residents reacted with 'shock' and 'disbelief' after the ordinary looking property in Hove, East Sussex was put on the market for a staggering £2.5million. The asking price for the smartly presented property has caused consternation among potential buyers who have claimed it is 'overpriced.' They claim that although the red-brick home has a sought-after seaside location, it actually backs onto a block of high rise flats and sits on a busy road which has a high crime rate. The owners - who are in their late 80s - bought the property in East Sussex in 2010 for £750,000 but have now put it on the market for more than three times that amount. According to property experts Purple Bricks, the average cost of a house on the street where the couple are looking to sell is £600k. One resident told MailOnline: 'I'm shocked. It's incredible how much house prices have risen in the last 15 years but I'd never expect a house to be on the market for so much - it's a King's ransom. 'It's unbelievable really. I understand it is in a desirable location but this road is very busy all the time and the back garden looks out over the flats - not exactly a beautiful view.' The house sits just 100 yards from the pebble beach. The elderly couple are understood to be selling it so they can downsize away from the seafront. Hove is a well-heeled and desirable location to live where the average price of a detached house is £846,600. Neighbour Barbara Crafts, said: 'They are a lovely couple but they're getting on. 'Although the house only has three bedrooms it is deceptively large and the bedrooms are huge and have walk-in dressing rooms.' Mrs Crafts, who is in her 70s, who lives in a spacious three-bedroom flat on the street, said: 'Although it looks quite ordinary from the front it is a lovely house and very spacious and they've spent some money doing it up. 'I've lived here for around eight years and my children who live up north are always telling me to sell. They tell me I could buy a fantastic property near them for just a fraction.' The house, which boasts a drive and a garage, also has a study, dining room, sitting room, four bathrooms and an attic games and media room. Rachel Dent, a mother-of-two who lives in a two-bedroom flat on the street, said: 'That is an awful lot of money but that house is like a tardis - it is absolutely massive on the inside. There is 250sqm of living space, which is huge. 'It is deceptive as from the outside it looks like it could be in any street in Britain but it goes back a long away and is really very big. It might not have the wow factor on the outside but the inside is a different story.' The property is immaculately turned out inside with a host of homely fittings Viewers checking the online listing questioned how the 'modest' home could command such a high price. One said: 'Those flats overlooking the back would be an instant no for me even if dirt cheap. Half the house is the master suite. Seems unnecessary.' Another said: '£2.5m is insane money for this. Surely its not worth even close to that. Even at half, it would be steep, no?' Another viewer said: 'How much!? And why does that main bedroom need two dressing rooms and such a huge bathroom?! Should have just made one of the dressing rooms a guest room instead.' Yet another said: 'Faaaaar too of property faces west, back faces east. Front faces a row of guest houses/hotels including a God awful 60's(?) 5 story guest house directly opposite. 'Back faces an 11 story block of flats. So, no privacy and no sunlight in the morning or evening.' It's an ambitious asking price, but not the most audacious in recent memory. Last year, a Russian millionaire who tried to sell a London 'council house' for £3.5m was forced to concede defeat and make a drastic u-turn. The ordinary-looking four-bed suburban property had attracted widespread mockery due to its eye-watering price tag when it was listed last year. But owner Lukov Nikolov refused to bow down claiming the fee was justified because he spent £1.4m renovating the property. When MailOnline visited the house, more than a year after it was put on the market, neighbours revealed the wealthy businessman had been forced 'move in himself' after failing to find a buyer. The house was built in the late 1950s and used by police officers relocating to work in London for the Met Police. But in every other respect it's equivalent to nearby council housing in style and size. Despite being unable to find househunters with deep enough pockets, Mr Nikolov then listed another property on the same road for £3m. One resident told MailOnline: 'He's got another one too, just up the road, which has been on the market for a while. 'The [second property] is huge. It's got a basement, a cinema and all the rest of it. They've probably doubled the square footage. 'I think he probably moves between them.' Mr Nikolov bought the first property for £1.2m in 2015 and began to renovate inside. He was able to dig down and create a new spacious basement 'flooded with natural light', which increased the properties' square footage by a third. The home now deceptively spreads over 3650sq ft of interior space and has four floors as well as its own cinema room, which, in the view of Mr Nikolov justified the £2.3million increase in value. Mr Nikolov's second property was bough for the cheaper fee of £878,000 before renovating it too. Properties in Canonbury sold for an overall average price of £934,290 in the last few years, according to RightMove, with the majority of sales being flats, which sold for an average price of £633,512. Terraced properties sold for an average of £1,659,972, with semi-detached properties fetching £3,873,333 - placing Mr Nikolov's property slightly below average.
Telegraph
40 minutes ago
- Telegraph
UK could save £5bn if Bailey changes course on debt sales
Taxpayers would save up to £5bn next year if Andrew Bailey overhauls the Bank of England's controversial programme of bond sales, analysts have calculated. Deutsche Bank has said Rachel Reeves would be spared from transferring billions of pounds to Threadneedle Street if it stopped selling long-term debt amid a dramatic drop in bond prices. The Bank is currently unwinding the stockpile of gilts it amassed during the financial crisis and lockdown, when it created almost £900bn to boost the economy. When interest rates were at record lows of 0.1pc during the pandemic, the Bank earned far more on its returns from government bonds than it had to pay in interest to commercial banks. However, this reversed dramatically once interest rates started to rise. The Bank is now also actively selling gilts back to the market as part of so-called quantitative tightening (QT), crystallising billions of pounds of losses for the taxpayer.
Reuters
40 minutes ago
- Reuters
Trump says US is close to reaching a trade deal with China
TURNBERRY, Scotland, July 27 (Reuters) - U.S. President Donald Trump said on Sunday his administration was close to reaching a trade deal with China, but gave no other details. "We're very close to a deal with China. We really sort of made a deal with China, but we'll see how that goes," Trump told reporters at the start of a meeting with European Commission President Ursula von der Leyen in Scotland.
