1 oz Norns Silver Coin

The Three Norse Fates in .9999 Silver

The 1 oz Norns silver round is a three-coin series from Germania Mint depicting the three Norse goddesses of fate: Urd (Past), Werdanda (Present), and Skuld (Future). All three were released in 2026 as 1 oz .9999 fine silver rounds with a mintage of 5,000 per design. Designed by Kinga Sabatowicz, the series draws from the Prose Edda and wider Norse mythology, where the Norns dwell beneath Yggdrasil (the World Tree) at the Well of Urd, spinning the golden threads that determine human destinies.

Like all Germania Mint products, these carry the private "5 Mark" denomination, which has no legal tender status in any country. Germania Mint is a Polish private mint established by the Kurowski family in 1986 (the same year the American Silver Eagle launched), headquartered in Jelenia Gora and formally branded as Germania Mint in 2018. The company now employs approximately 250 people.

Each of the three Norns represents a distinct aspect of fate. Urd, the eldest, gazes into the waters of her well, embodying foundational wisdom and memory. Werdanda (using the Germanic spelling rather than the more common Old Norse "Verdandi") is depicted as a dynamic figure immersed in the present moment. Skuld appears as a mysterious, hooded figure carrying a knife and wearing skulls at her belt, representing the inevitability of mortality. The reverse design common to all three rounds features the Germania Mint double-headed eagle surrounded by the roots of Yggdrasil and golden fate-threads, some intentionally broken to symbolise the fragility of destiny.

A special Yggdrasil Goldenleaf edition (limited to 300 pieces) features gold and ruthenium ennobling, commanding a significant premium above the standard BU version. Germania Mint has indicated that future releases will include ennobled versions, a 1 kg coin, and inclusion in their Mystery Boxes.

Norns Series Specifications

The Three Coins

The spelling "Werdanda" follows the Germanic rather than Old Norse convention (the more common spelling is "Verdandi"), consistent with Germania Mint's Central European cultural orientation. The Norns concept has parallels across cultures: the Greek Moirai (Fates), the Roman Parcae, and the Anglo-Saxon concept of Wyrd all describe similar fate-weaving entities.

A special Yggdrasil Goldenleaf edition limited to 300 pieces features gold and ruthenium ennobling applied over the .9999 silver base. Each standard BU round is encapsulated from the mint in a lens capsule and accompanied by a Certificate of Authenticity. The four-nines purity marking appears on the coin itself, with the Germania Mint double-headed eagle on the common reverse design surrounded by the roots of Yggdrasil and golden fate-threads.

Tax Position for the Norns Silver Rounds

The Norns are not legal tender. The "5 Mark" denomination is Germania Mint's private token denomination with no legal standing in any country. This limits the available tax advantages compared to sovereign-mint 1 oz silver coins.

United Kingdom

Subject to 20% VAT on purchase as non-legal-tender silver. Not CGT-exempt. The absence of legal tender status means these rounds cannot qualify for the CGT exemption that applies to UK legal tender coins.

United States

Capital gains taxed at the 28% collectibles rate for holdings over one year. Sales tax varies by state; most states that exempt bullion include rounds meeting the .9999 purity threshold. IRA eligibility is uncertain: the .9999 purity exceeds the minimum requirement, but IRA rules generally require legal tender coins or bars from accredited producers.

European Union

Subject to local VAT rates. In Germany (19%), the margin scheme may apply through some dealers for secondary-market rounds. The rounds do not qualify for investment silver exemptions available to legal tender coins in certain EU jurisdictions.

Canada

The .9999 purity comfortably exceeds the 99.9% threshold for GST/HST exemption. Treatment for rounds (vs coins) may vary by dealer interpretation.

Australia and New Zealand

At .9999 fine, the rounds exceed the 99.9% purity threshold for GST exemption in both countries.

Singapore and Hong Kong

Singapore's IPM scheme requires legal tender status for coins; rounds without this status attract 9% GST. Hong Kong has no sales tax on precious metals.

Norns vs Other Germanic Mythology Silver Rounds

Within Germania Mint's own product range, the Norns sit alongside the 1 oz Mythical Forest and 1 oz Ragnarok series. All three share .9999 purity, 38.61 mm diameter, and the 5 Mark private denomination. The Norns' 5,000-piece mintage per design matches the Ragnarok Black Silver rounds and falls below the Mythical Forest's original 50,000 BU run (though the 2025 Yggdrasil finale was just 4,000).

The Norns series is thematically connected to Germania Mint's Goddesses series (2 oz cast bars) and Norse Gods series (featuring male deities like Tyr), but in a different format. The struck 1 oz round format places it closer to mainstream bullion pricing than the cast bars or ultra-high-relief collector pieces.

Against sovereign-mint silver, the comparison follows the familiar pattern for private-mint rounds. A 1 oz Silver Philharmonic or 1 oz Noah's Ark offers lower premiums, legal tender status, wider dealer recognition, and deeper secondary-market liquidity. The Norns offer limited mintages, .9999 purity (matching the Silver Maple Leaf), and distinctive Norse mythology artwork from a mint that won the 2025 Coin of the Year Award for its Maltese Bee.

The 300-piece Yggdrasil Goldenleaf special edition positions the premium end of the Norns range as a pure collector piece, well beyond bullion pricing. The standard BU versions, at 5,000 per design, sit in the collector-bullion hybrid space where secondary-market premiums depend heavily on ongoing demand from the Germanic mythology collecting community.