2014 One (1) Ounce Silver Coin Year of the Horse Royal Mint Bullion

2014 One (1) Ounce Silver Coin Year of the Horse Royal Mint Bullion

This 2014 Year of the Horse 1oz silver uncirculated coin was issued by The Royal Mint to celebrate the Chinese Lunar calendar. This is the first coin in the Shēngxiào Collection.


  • Struck in 999 silver
  • This uncirculated coin contains one troy ounce of silver
  • This is a bullion coin suitable for investment and coin collectors
  • Limited mintage of 138,888
  • Capital Gains Tax exempt
  • British legal tender

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Stock status
Royal Mint

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Coin Specification

This is the first lunar coin in the Royal Mint's Shēngxiào Collection. Each year, they will release a different animal of the zodiac calendar each year.

The starting animal in the calendar is the Year of the Rat, so it does seem strange that the Royal Mint chose to start the series midway through the lunar cycle. The Royal Mint have seen an increased market in China, particularly during the 2012 Olympics, which saw their Chinese sales surpass that of the domestic UK's.

In March 2014, reports began to surface that The Royal Mint had made an error during production, and that 'mule' versions of the 2014 Britannias and 2014 Lunar Horses exist. A ‘mule’ is a coin that has been struck using two dies that are not meant to be paired together. In this case, the 2014 Britannia obverse has been paired with the 2014 Lunar Horse reverse, and vice-versa. An estimated 38,000 of the Lunar Horse mules exist – 12.6% of the total mintage. 17,000 of the Britannia mules exist, but as the mintage is unlimited, we expect these to be rarer.

If you are interested in collecting British lunar coins you might enjoy our blogs:

The Royal Mint 2017 Lunar Year of the Rooster Coins

2017 Chinese New Year - Year of the Rooster Coins

What is Legal Tender?

Capital Gains Tax on Bullion – Do I pay this?

The obverse features the fourth definitive UK coin portrait of Elizabeth II by Ian Rank-Broadley.

The reverse engraving was designed by British Chinese artist Wuon-Gean Ho. Combining both British and Chinese heritage, it shows the Uffington horse which you may recognise as the chalk design that is carved into the Oxfordshire hills.

Diameter 38.61mm
Weight 31.21g
Fineness 999
Actual Silver Weight 1 troy oz
Obverse Designer Ian Rank-Broadley
Reverse Designer Wuon-Gean Ho
Mint Royal Mint
Mintage 138,888
Finish Uncirculated