Overview

• The Royal Mint's Q1 2025 bullion coin revenue quadrupled year-on-year and rose 46% compared to Q4 2024, marking its best online sales start ever.
• Gold coin sales led the surge, with total weight tripling and revenues increasing by 329% year-on-year as gold hit record prices of $3,500 per ounce.
• Silver bullion coin sales more than doubled, while platinum buyers increased by 23% compared to the same period in 2024.
• The tax-exempt status of bullion coins in the UK, combined with heightened global trade tensions and equity market volatility, has driven investor demand.
• US tariff escalations announced in April further fueled market uncertainty, pushing more investors toward safe-haven assets like precious metals.