2023 Coronation 2oz Gold Matte Proof Coin PF70 Matte King Charles III
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The 2023 UK 2oz Gold Matte Proof Coin – The Coronation of His Majesty King Charles III – PF70 Matte is one of the rarest modern British gold coins ever issued, combining an historic royal milestone with an exceptionally small mintage and an ultra-scarce top grade.
Struck in 2 troy ounces of gold by The Royal Mint, this matte proof issue commemorates the Coronation of King Charles III in 2023. The matte proof finish is entirely different from traditional proof coinage, delivering a soft, sculptural appearance that highlights relief and detail rather than mirrored contrast.
The total mintage is limited to just 106 coins worldwide, placing this issue firmly into the realm of elite modern rarities. Of those 106 coins, only 23 examples have achieved the top grade of PF70 Matte, making this one of the finest known examples in existence.
This coin has been graded PF70 Matte by NGC, confirming a flawless example under magnification. PF70 Matte coins are exceptionally difficult to achieve due to the unforgiving nature of the matte surface, where even microscopic imperfections prevent a top grade.
KEY DETAILS
• Year. 2023
• Issue. Coronation of His Majesty King Charles III
• Denomination. £200
• Metal. Gold
• Weight. 2 troy ounces
• Finish. Matte Proof
• Grade. PF70 Matte
• Grading Authority. NGC
• Obverse. King Charles III
• Reverse. Coronation-themed Royal Arms design
• Mintage. 106
• PF70 Population. Only 23 coins
• Legal Tender. United Kingdom
• Capital Gains Tax. Exempt
WHY THIS COIN IS EXCEPTIONAL
This coin sits in an entirely different category to standard proof or bullion issues. A mintage of just 106 places it among the rarest modern UK gold coins ever produced, and the PF70 Matte population of only 23 confirms just how elusive perfect examples truly are.
Matte proof coins appeal to advanced collectors due to their sculptural quality and rarity, and when combined with a coronation theme and multi-ounce gold format, the result is a genuinely world-class numismatic issue.
COLLECTOR & INVESTMENT APPEAL
• One of the lowest mintage modern UK gold coins
• Only 106 struck worldwide
• Just 23 graded PF70 Matte
• 2oz gold format
• Historic Coronation issue
• Fully CGT exempt for UK residents
• Elite-level modern rarity
Condition: Graded PF70 Matte by NGC – flawless under 5x magnification
Presentation: Slabbed and authenticated in a secure NGC holder
Explore more: Browse our full range of graded gold sovereigns
Frequently Asked Questions
What does PF70 Matte mean?
PF70 Matte is the highest possible grade for a matte proof coin, confirming a flawless surface under magnification.
How rare is this coin?
Only 106 coins were struck, and just 23 have achieved the PF70 Matte grade, making it exceptionally rare.
What is the difference between a matte proof coin and a proof coin?
A proof coin is struck with highly polished dies and planchets, producing deep mirrored fields with frosted design elements. The contrast between mirror and frost is the defining feature of traditional proof coinage.
A matte proof coin is struck using specially prepared dies that create a soft, satin-like surface across the coin. Instead of mirrored fields, the finish emphasises relief, texture and sculptural depth, giving the coin a more understated and artistic appearance.
Matte proof coins are produced in much smaller quantities than standard proofs and are far more difficult to strike and preserve, as the surface shows even microscopic imperfections.
Why are matte proof coins harder to grade?
Matte finishes reveal imperfections far more easily than mirrored proofs, making top grades extremely difficult to achieve.
Is this coin Capital Gains Tax exempt?
Yes. As a UK legal tender gold coin, it is exempt from Capital Gains Tax for UK residents.
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Frequently Asked Questions
Delivery Information
We offer free insured delivery across the UK on all orders. Every coin is carefully inspected, securely packaged, and sent using Royal Mail Special Delivery - a fully tracked, next-day service that requires a signature on receipt.
All parcels are shipped discreetly and fully insured for peace of mind.
We currently do not ship internationally. Orders can only be delivered to the UK address provided at checkout, and we’re unable to send to PO Box addresses.
We aim to dispatch all orders within one business day of receiving cleared payment. Once your order has been dispatched, you’ll receive tracking details so you can monitor its progress.
Returns Policy
For non-bullion items (such as proof coins, graded coins or accessories), we’re happy to accept returns within 14 days of receipt if you feel your coin is not as described and provided the item is returned in its original condition, please contact us and we’ll be glad to help.
If an item is returned for reasons other than being not as described, return postage will be the responsibility of the buyer.
Important Notes
- All returns must be pre-authorised by our customer service team.
- Please use a tracked and insured service when sending items back to us, as we cannot accept liability for goods lost or damaged in transit.
- For full details, please see our Terms & Conditions or contact us directly with any questions.
At Sovara Coins, your security is our priority. To protect both our customers and ourselves from fraud, we currently accept debit card and bank transfer payments only.
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Please note that we do not accept credit cards. This policy helps us keep prices competitive and ensures all transactions remain low-risk and fully traceable.
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- Billing and shipping addresses must match.
- On higher-value orders, we may request ID verification before dispatch. This is a quick process and helps keep your purchase safe.
Every payment method we accept is fully secure, encrypted and protected. Once payment is confirmed, your order will be prepared for dispatch within one business day.
Yes. Every NGC-certified coin has a unique certification number visible on the slab label. You can verify the grade, coin details and population data at NGCcoin.uk using the cert number shown.
The NGC census records how many examples of each coin have been graded at each level. A Top Pop coin means no other example has achieved a higher grade — making it the finest certified specimen in existence for that issue.
Yes. If you have existing graded sovereigns you'd like to trade towards a purchase, contact us for a bespoke cost-to-change valuation.