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The Symbol: 209256
Two ounces of 999.9 silver from The Royal Mint. The Royal Dragon is the ninth coin in the Royal Tudor Beasts series, 38.61 mm across with a GBP 5 face value.
The Availability Of: Duża dostępność 478 PCs.
Price: 676.26
The Royal Dragon is the 2026 issue in The Royal Mint's Royal Tudor Beasts collection and the ninth coin in the series. The whole collection takes its subjects from the stone statues at Hampton Court Palace, commissioned by Henry VIII, each beast standing for a strand of Tudor lineage.
| Property | Value |
|---|---|
| Metal | Silver |
| Fineness | 999.9 |
| Weight | 2 troy oz |
| Diameter | 38.61 mm |
| Face value | GBP 5 |
| Reverse design | David Lawrence |
| Obverse design | Martin Jennings |
| Mint | The Royal Mint |
| Year | 2026 |
The Royal Mint does not publish a thickness figure for this coin.
Most silver bullion is struck at 999. The Tudor Beasts run at 999.9, the same four-nines standard used for gold. The coin measures 38.61 mm across, the same diameter as a one-ounce silver Britannia — the second ounce of metal goes into thickness rather than width, so it feels substantially heavier than it looks.
Two-ounce coins occupy a middle ground. They carry a lower premium per ounce than one-ounce coins of the same series, but they are less divisible if you ever want to sell part of a holding.
The UK VAT exemption for bullion covers investment gold only. HMRC defines investment gold in VAT Notice 701/21 and silver falls outside that definition, so silver coins carry VAT at the standard rate — currently 20 per cent in the UK and 23 per cent in Poland.
Capital gains tax is a separate question. HMRC exempts sterling currency, and this coin carries a GBP 5 face value, making it UK legal tender. For UK residents that places it in the same category as Britannias and Sovereigns. This is a statement of the published rule rather than tax advice — your own position depends on your circumstances.
Which beast is the 2026 coin? The Royal Dragon, ninth in the series.
Is this coin 999 or 999.9 silver? 999.9, which is unusual for silver bullion.
Is it free of UK capital gains tax? It is UK legal tender with a GBP 5 face value, which is the test HMRC applies for the CGT exemption on coins.
Is it VAT free? No. The VAT exemption applies to investment gold only.
Other coins in the same metal are on the silver coins page. Live quotes on the silver price page.
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