1 Kilo Silver Bar
1KG Silver Bar
The 1 Kilo Silver bar is a unique product which manages to tick a lot of boxes for silver investors. Minted by German precious metals giant Argor Heraeus, the 1kg silver bar is manufactured in 999.9 purity fine silver with a weight of 1000g.
Where it varies from standard 1-kilo silver bars, is that it’s produced for the South Pacific nation of Fiji and benefits from having a Face Value of 10 Fijian Dollars, in a similar way to bullion coins.
These exclusive silver bullion bars are produced in various sizes from 100g up to 5kg. This particular size comes in a sealed plastic package to protect the product in transit and storage. Each bar will be accompanied by a certificate of authenticity from the mint.
What is a coin bar?
Really, it’s just a very smart silver bar. We refer to it as a coin bar as it also benefits from having a face value, just like a coin. Apart from that, it is shaped like a silver bar, includes an assayer certificate and is 999.9 fine silver.
How is it VAT free?
With our focus on obtaining the best investment value for our customers, we’re constantly seeking tax-efficient products and ways of sourcing them. As such, we offer such tax efficient precious metals as tax free gold coins, which are automatically VAT-exempt due to their investment grade and Capital Gains Tax free due to their legal tender status.
Buying silver coins and bars is far more difficult to be tax efficient as silver generally attracts VAT when brought into the UK. However, two essential ingredients which allow us to exclusively offer VAT free products are present in the 1kilo silver coin bar. Firstly, the bars have a face value, and secondly, we’ve carefully structured the supply chain to exploit an EU VAT treaty. As such, ordering any of the Silver bars through our website for delivery will be free from UK VAT.
Apart from the obvious benefits of German manufacturing precision, 999.9 purity and tax efficiency, this bar has the added appeal of being exotic! Minted on behalf of the Fijian Government, this bar is actually legal tender on the island.
Fiji is actually an archipelago of more than 300 tiny islands in the South Pacific. Despite the number of islands, the two main islands of Viti Levu and Vanua Levu comprise the vast majority of the population. The capital, Suva is based on the coast of Viti Levu and features architecture reflecting its rich colonial past. The islands are most commonly associated with paradise-like beaches, clear waters, palm trees and rugged terrain.
As part of the Heraeus Precious Metals (HPM) conglomerate, Argor Heraeus benefits from German precision and a rich reputation for quality products. HPM is the largest global provider of services to the precious metals industry. Like other well-established refineries, Heraeus supplies all precious metals including gold, silver, platinum and palladium. It diversifies from manufacturing ingots in the various metals to producing semi-finished goods for jewellery and watchmaking.
We really have been waiting for this product to hit the market. The 1kilo silver bar holds a degree of appeal to the collector due to its Fijian links, but mainly it makes an excellent investment option.
With the size being larger than most silver bullion coins (which tend to be 1oz in weight), the production cost of these tends to be lower, meaning better value for you. The 1kg silver bullion bar hits an optimum size sweet, being larger (and therefore better value) than the 100g and 500g iterations, but smaller than the 5-kilo silver bar version (and therefore more divisibility).
An alternative to this bar may be to focus on UK silver coins. In particular silver Britannias are a very popular option for silver investing. They are 1oz in weight, providing more flexibility to your portfolio so you can sell smaller increments than owning 1kilo silver bars. They have the added advantage of a British legal tender status, so are also free from Capital Gains Tax. This may not be relevant if you’re looking at modest investments as each UK individual is allowed around £11,000 of capital gains each year before they are subject to tax. However, if you’re buying larger quantities or intend adding investments to your initial holding, then this may be a consideration.
Silver bars or silver coins – which is the best investment? – Find out in our YouTube video.
|Categories:||Buy Silver, Buy VAT Free Silver, Foreign Silver Coins, Silver 1kg Coins, Silver Bars, Silver Bullion Coins, Silver Coins, VAT-free Silver, Silver Feed Price|
|Tag:||vat free silver bar|
|Precious metals content (g)||1000|