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2022 Elizabeth II 2oz Gold Proof Britannia NGC PF70 Ultra Cameo (Dan Thorne Design)

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A Modern Numismatic Masterwork: The 2022 2oz Gold Proof Britannia

The 2022 Royal Mint 2oz Gold Proof Britannia is among the rarest and most technically demanding gold proof coins of the modern era. Struck in 62.42 grams of .9999 fine 24-carat gold and featuring Dan Thorne's celebrated debut Britannia reverse design, this coin pushes the boundaries of precision minting. Its massive 40mm diameter makes achieving flawless surfaces exponentially harder than on a standard sovereign — and yet this specific example has been certified PF70 Ultra Cameo by the Numismatic Guaranty Company (NGC): the highest grade numerically possible, awarded only when every facet of the coin's surface is considered absolutely perfect under expert examination.

This coin carries NGC certification number 6944052-001 and holds confirmed Top Pop status — meaning no other example of this issue has been graded higher by NGC. With a maximum standalone mintage of just 150 pieces worldwide, and only a fraction having been submitted for professional grading, the number of PF70 Ultra Cameo examples in existence is extraordinarily small. Verify this coin's grade on NGCcoin.uk →

Technical Specifications

Year of Issue 2022
Issuing Mint The Royal Mint, United Kingdom
Denomination £200 (Two Hundred Pounds — UK Legal Tender)
Metal & Purity 24-Carat Gold — .9999 Fine (99.99% Pure)
Total Weight 62.42 Grams (2.00 Troy Oz)
Diameter 40.00 mm
Maximum Mintage 150 (standalone individual presentation)
NGC Grade PF70 Ultra Cameo — Numerically Perfect
Reverse Design Contemporary Britannia by Dan Thorne (Debut Design)
NGC Cert. Number 6944052-001 — Verify Online ↗
Population Status NGC Top Pop — Finest Certified Example

Why This Coin

  • Ultra-Restrictive Mintage of 150: The 2022 2oz Britannia was issued as a standalone individual presentation piece with a maximum mintage of just 150 worldwide — a figure that makes virtually any example a collector's rarity. PF70 graded examples represent only a fraction of that 150.
  • Dan Thorne's Debut Design: Thorne's reverse reimagines Britannia with a tri-textured background — a deeply frosted, intricate field behind the figure — that creates exceptional visual contrast and depth. It was immediately recognised as one of the most distinguished Britannia reverses of the modern era, establishing the 2022 issue as a benchmark for the series.
  • The Significance of PF70 on a 2oz Strike: Achieving a flawless PF70 grade is significantly harder on a 2oz coin than on a sovereign or half-sovereign. The 40mm diameter exposes a far larger surface area to potential contact marks, handling marks, or striking imperfections. A PF70 on a piece of this size is a genuine technical achievement — and that rarity is reflected in numismatic premiums on the secondary market.
  • Top Pop NGC Status: The NGC census confirms this coin holds Top Pop status — no other example of the 2022 2oz Britannia has been graded at a higher level by NGC. This is the finest certified specimen of this issue in existence.
  • CGT & VAT Exempt — Tax-Free for UK Investors: As official UK legal tender (face value £200), this coin is fully exempt from Capital Gains Tax (CGT) and VAT under current UK law — regardless of how significantly its value appreciates. This makes it one of the most tax-efficient gold holdings available to UK investors and collectors.

💷 UK Tax Status

This coin is CGT exempt and VAT free for UK residents. As British legal tender, any gain on sale is not subject to Capital Gains Tax — a significant advantage for investors holding gold as part of a long-term portfolio.

"A towering achievement in modern precious metal striking — combining two full ounces of pure gold with the finest artistry and numerically perfect grading."

Browse related: Graded Gold Coins  ·  NGC & PCGS Grading Guide

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