The Britannia design has appeared on bullion coinage continuously since 1987, but its migration onto fractional gold issues struck for Pacific island territories like Niue reflects a licensing arrangement between the Royal Mint and third-party distributors seeking to capture the low-premium micro-gold market. At 0.0311 grams — one-thousandth of a troy ounce — this is among the smallest gold coins produced by weight in the current bullion market.
The Britannia design has appeared on bullion coinage continuously since 1987, but its migration onto fractional gold issues struck for Pacific island territories like Niue reflects a licensing arrangement between the Royal Mint and third-party distributors seeking to capture the low-premium micro-gold market. At 0.0311 grams — one-thousandth of a troy ounce — this is among the smallest gold coins produced by weight in the current bullion market.