1 oz Robin Hood Gold Coin

The Myths and Legends Gold Coin

The 1 oz Royal Mint Myths and Legends gold coin is part of a themed bullion collection that draws on British folklore and mythology. Launched in 2021, the series is structured as three-coin story arcs: Robin Hood (2021-2022), King Arthur (2023-2024), and Beowulf (2024-2025). Each coin contains one troy ounce of 999.9 fine gold and carries a face value of £100, making it UK legal tender.

That legal tender status is the coin's most significant financial characteristic. As a sterling-denominated coin of the realm, the Myths and Legends gold coin is exempt from UK Capital Gains Tax on disposal. This puts it in the same tax bracket as the 1 oz Gold Britannia and the Sovereign, and distinguishes it from foreign coins like the 1 oz Gold Maple Leaf or Krugerrand, which carry CGT liability for UK holders.

The Myths and Legends range sits between pure bullion and collector territory. The themed three-coin format encourages set completion, and the transition from Queen Elizabeth II's portrait to King Charles III's mid-series (Morgan Le Fay was the first Myths and Legends coin to carry the new King's portrait) adds numismatic interest. Early coins in the Robin Hood collection carrying the Queen's likeness represent the only Myths and Legends issues with that obverse.

The coin does not carry the advanced security features found on the Britannia (no surface animation, tincture lines, or latent image). Authentication relies on Royal Mint provenance and dealer verification. For UK buyers who want CGT-exempt gold with more visual variety than the standard Britannia, the Myths and Legends offers an alternative from the same mint.

Myths and Legends Gold Coin Specifications

Collections and Releases

The 32.69 mm diameter matches the standard Gold Britannia, and the milled edge is consistent across the Royal Mint's gold bullion range. The coin does not carry the four advanced security features (latent image, surface animation, micro-text, tincture lines) that distinguish the post-2021 Britannia. Authentication relies on Royal Mint provenance and the standard characteristics of the coin's weight, diameter, and finish.

Bullion versions are produced to standard Royal Mint quality in unlimited quantities based on demand. Limited-mintage proof editions are also available, with 2 oz silver proofs limited to approximately 500-510 per coin. The series also includes 1 oz and 10 oz silver bullion versions, with the silver at 999.9 fineness matching the Britannia standard.

Myths and Legends Gold Coin Tax Treatment

The CGT exemption is the defining tax advantage of this coin for UK buyers, shared with all UK legal tender coins from the Royal Mint.

• United Kingdom: CGT-exempt. Sterling currency is not a chargeable asset for capital gains purposes, and the Myths and Legends gold coin qualifies as UK legal tender with its £100 face value. Gold is also VAT-free as investment gold. This double exemption (no VAT on purchase, no CGT on sale) matches the treatment of the Britannia and the Sovereign.
• United States: Not US legal tender. No special CGT exemption. The 999.9 purity exceeds the IRS 99.5% minimum for gold in an IRA, and the coin is government-issued by a recognised sovereign mint. Capital gains taxed at the collectibles rate of up to 28%. State sales tax varies.
• European Union: Gold coins from the Royal Mint appear on the EU annual investment gold exemption list. VAT-exempt for gold across all EU member states under Directive 98/80/EC.
• Canada: GST/HST exempt for gold bullion at 99.5% purity or higher from a recognised government mint.
• Australia: GST-free as investment-grade gold (purity at or above 99.5%). Capital gains tax applies with a 50% discount for assets held over 12 months.
• New Zealand: GST-exempt at 99.5% purity or higher. No formal capital gains tax.
• Singapore: GST-exempt under the IPM scheme for qualifying gold coins at 99.5% purity or higher.
• Hong Kong: No sales tax, no import duty, no capital gains tax.

Myths and Legends vs Britannia and Other Royal Mint Gold

The natural comparison is with the 1 oz Gold Britannia, the Royal Mint's flagship bullion coin. Both share the same purity (999.9), the same face value (£100), the same CGT exemption, and the same VAT-free status. The differences lie in security features, liquidity, and market positioning.

The Britannia from 2021 onwards carries four anti-counterfeiting features: a latent image, surface animation created with picosecond lasers, micro-text, and tincture lines on the shield. The Myths and Legends coin has none of these. For dealers and buyback purposes, the Britannia is more immediately verifiable and commands tighter bid-ask spreads on the secondary market.

The Myths and Legends coin's advantage is thematic variety. Each coin in the series depicts a different character from British folklore, with Jody Clark designing the Robin Hood collection and David Lawrence contributing the Beowulf designs. Buyers who want to build a collection with visual diversity across their gold holdings may prefer this to the Britannia's more consistent format.

Other Royal Mint themed collections in the same market space include the Queen's Beasts (2016-2021, now complete with 10 designs) and the Tudor Beasts (2023 onwards). All share the CGT exemption and target the same buyer profile: UK investors who want tax-efficient gold with collectible appeal.

Outside the Royal Mint range, the Myths and Legends competes with annual-design coins from other sovereign mints. The Somalia Elephant from the Bavarian State Mint offers annual designs and collector appeal but lacks CGT exemption and has contested legal tender status. The RAM Lunar and Perth Mint Lunar series change designs annually with zodiac themes, but neither provides UK tax advantages.