2023 Coronation of King Charles III 1oz Gold Proof Coin NGC PF70 Ultra Cameo
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A Historic First: The 2023 Coronation of King Charles III 1oz Gold Proof Coin in NGC PF70 Ultra Cameo
On 6 May 2023, King Charles III was crowned at Westminster Abbey — the first British coronation in 70 years. To mark the occasion, The Royal Mint issued an official commemorative coin collection, with this 1oz gold proof coin standing as the most accessible solid-gold tribute in the range. Struck in a full troy ounce of 999.9 fine gold (24-carat), the coin carries Martin Jennings' crowned portrait of His Majesty — the first time Charles III has appeared wearing the Crown on any UK coin — alongside John Bergdahl's depiction of the Royal Arms on the reverse.
This example has been certified NGC PF70 Ultra Cameo — the highest grade numerically achievable — and holds confirmed Top Pop status, with only 118 examples graded at this flawless level worldwide. With a maximum mintage of just 685 coins set directly by The Royal Mint, and barely a sixth of that total having achieved PF70 certification, this is a genuinely scarce piece of modern British numismatic history. View this issue on the NGC Coin Explorer →
Technical Specifications
| Year of Issue | 2023 |
| Issuing Mint | The Royal Mint, United Kingdom |
| Metal & Purity | 999.9 Fine Gold (24-Carat — 99.99% Pure) |
| Total Weight | 31.21 Grams (1.00 Troy Oz) |
| Diameter | 32.69 mm |
| Maximum Mintage | 685 (official Royal Mint maximum) |
| Obverse Designer | Martin Jennings — Crowned Coronation Portrait of King Charles III |
| Reverse Designer | John Bergdahl — Royal Arms |
| NGC Grade | PF70 Ultra Cameo — Numerically Perfect |
| Population Status | NGC Top Pop — Only 118 Graded PF70 Worldwide |
Why This Coin
- The First Crowned Portrait of King Charles III: This coin marks the first time His Majesty has been depicted wearing the Crown on any British coin — a direct visual record of the coronation itself. For collectors of modern royal commemoratives, it represents a genuine "first" in the Charles III series, with significance comparable to the earliest crowned portraits of previous monarchs.
- Maximum Mintage of Just 685: The Royal Mint set a strict ceiling of 685 coins for this issue — a genuinely low figure for a 1oz gold commemorative. With significant numbers already absorbed into long-term collections since 2023, sourcing examples on the secondary market — particularly at the highest grade — is becoming progressively more difficult.
- Confirmed Top Pop — Only 118 in PF70: NGC's certified population for this issue records just 118 examples at the perfect PF70 Ultra Cameo grade. Against a maximum mintage of 685, that means fewer than one in five coins — even among those carefully preserved and submitted for grading — achieved flawless certification. This is a meaningful scarcity signal distinct from the mintage figure alone.
- A Once-in-a-Generation Historical Event: The coronation of a British monarch is a rare occurrence — the previous coronation took place in 1953. Coins commemorating coronations have historically performed strongly in the collector market over the long term, both for their symbolic significance and their genuinely limited production windows.
- Full Troy Ounce of .9999 Fine Gold: Unlike the 22-carat alloy used in sovereign coinage, this coin is struck in 999.9 fine gold — the purest gold standard used by The Royal Mint. At a full troy ounce, it carries substantial intrinsic value in addition to its numismatic premium.
- CGT & VAT Exempt — Fully Tax-Free for UK Investors: As official UK legal tender, this coin is completely exempt from Capital Gains Tax (CGT) and VAT under current UK law. Any appreciation in value is entirely tax-free for UK holders.
💷 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 direct record of a once-in-a-generation moment — the first coin to show King Charles III crowned, certified flawless and confirmed Top Pop."
Browse related: All Graded Gold Coins · 2023 Coronation Coin Guide · 2023 Coronation Half Sovereign PF70 · NGC & PCGS Grading Guide
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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.