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10 Pounds - Charles III Royal Arms, 1/10 oz Fine Gold

Issuer Royal Mint
Year 2023-2024
Type Non-circulating coin
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Obverse description Uncrowned effigy of King Charles III facing left, rendered in high relief against a finely engine-turned field, as sculpted by Martin Jennings. The portrait depicts the King bare-headed with naturalistic detail in the hair and facial features. The circular legend surrounds the effigy, reading CHARLES III · D · G · REX · F · D · 10 POUNDS, with the denomination forming part of the continuous inscription. The engraver's initials MJ appear incuse beneath the portrait truncation.
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Reverse description The Royal Arms of the United Kingdom displayed as a quartered shield at centre, surmounted by the Imperial State Crown, flanked by the crowned lion of England to the left and the chained and crowned unicorn of Scotland to the right, both acting as supporters. A scroll beneath the shield bears the two-part motto HONI SOIT QUI MAL Y PENSE on the garter surrounding the shield and DIEU ET MON DROIT on the lower ribbon. Floral emblems of the home nations appear at the base. The date appears at the top of the field, and the inscription 1/10 OZ FINE GOLD 999.9 is inscribed along the lower rim. Radial line engraving in the background field adds depth to the composition.
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Additional information

The Royal Arms design used here has an unusually tangled administrative history — the quartered shield depicting England, Scotland, and Ireland has remained legally unchanged since 1837, when the Hanoverian claim was dropped following Victoria's accession, as Salic law barred her from inheriting Hanover. What looks like tradition is actually a 186-year-old political settlement frozen in heraldic amber.

The .9999 fineness is worth noting for a practical reason: the Royal Mint moved to four-nines purity for this bullion series specifically to compete with the Canadian Maple Leaf, which had held that purity standard since 1982 and dominated the fine-gold market for decades.

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