Buy 10oz Silver Coins WITHOUT VAT
10 oz coins are currently the heaviest silver coins produced by the Royal Mint. For those investors looking to invest in slightly larger amounts of bullion, but still, want to benefit from the tax advantages awarded to legal tender silver bullion coins then 10oz coins represent a fantastic option. Coins also come in a far more tradable size than many other forms of silver, making them more liquid than bars or jewellery and somewhat easier to sell.
Unlike other forms of silver, bullion coins need no authentication when it comes to reselling them, which can save you valuable time and effort whenever you decide to sell, not to mention the pesky cost of assaying fees. Legal tender silver bullion coins are always worth their face value meaning that in the event of an emergency you can easily cash them in. They are also free from capital gains tax in the UK and in some cases even free of VAT. Government-backed silver coins such as the 10oz proofs from the Royal Mint’s Queen’s Beast series also have a guaranteed purity. Investors can, therefore, be confident in the quality and quantity of the silver they are purchasing. They are also widely traded should you ever need to find a buyer.
Some of the most popular and widely available silver bullion coins are produced in variants of 10oz. These include Australian silver lunar coins, Canadian silver maple leaf coins and Australian silver Kookaburra coins. Rare and particularly interesting bullion coins are often favoured by coin collectors. As a result, some bullion coins often end up being sold for a far greater price than their material value. You do not need any previous experience or expertise in silver bullion coins to benefit from collecting or investing in them, unlike certain collector’s coins or semi numismatics which require more research. Buying silver bullion in slightly larger quantities such as 10oz variant silver bullion coins can often save you money in the long run as it is typically cheaper to buy silver in larger amounts. Read some of our Insights for further information.
Unlike gold, silver bullion is typically subject to 20% VAT, however, you can now buy tax-free silver bars and coins totally free of VAT through Physical Gold. We have a huge range of VAT free silver bullion coins to choose from, many of which are produced by the Royal Mint. We also stock a wide selection of collectable silver coins coins from all over the world and are proud to be members of the BNTA - British Numismatic Trade Association. If you would like your coins stored professionally and securely in an allocated vault, Physical Gold can provide this as a service. Alternatively, you can have your coins sent fully insured directly to your door. Why not call 020 7060 9992 today, we can help and advise on the best direction for you, our full contact details are here. We are members of both the IFP - Institute for Financial Planning and PLSA - Pension and Lifetime Savings Association and as a business have significant financial planning expertise.
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