Thanks for your comments!
There was certainly a quarter ounce Britannia released in 2014 produced with silver recovered from the wreck of the SS Gairsoppa.
Indeed, there was that special edition 1/4 ounce Britannia minted as a one-time commemorative but it seems more of a numismatic piece than bullion. The current release is nearly identical except for an updated portrait and no text on the sides of the coin. (Also, I don't think this coin has the new security features seen on the 2021 1oz Britannia.)
I have to tell you there are not such things as sovereign 1oz coins, so I hope you haven't been buying any non-existent coins.
33% premium reasonable - not totally unreasonable, but why pay so much for bullion?
I meant sovereign in the general sense of being issued by a government mint, not the Royal Mint's specific Sovereign gold coin.
As for justifying the cost, that's why I came to seek some perspectives here. In my mind the smaller size could fill the niche left vacant by the lack of easy access to junk silver and in the current environment, I think the increased premium would be recouped on resale. Additionally, if indeed there's a sliver of a chance the value of silver does actually "go to the moon", owning smaller increments than one ounce could prove advantageous.
I am just curious, but why stack silver and worry about the premiums on it, when the premiums on gold are much lower? What are you hoping to achive with your stacking?
I try to maintain a balanced stack of all four precious metals in specific percentages and this go-around is simply silver's turn come around again. I'm not particularly worried about the premiums per se but was trying to suss out if an extra ~2.50€ per ounce for fractional coins is worth it versus the standard one ounce coin.
As for what I'm hoping to achieve, it's multi-faceted: long-term savings, SHTF insurance, accumulation of intergenerational wealth, and, last but not least, collecting shiny things is fun!