Buy VAT-Free Silver

Silver as a form of money has been around for centuries and was occasionally rated higher than gold. Investing in silver is mostly done through the purchase of silver coins or silver bars. Moreover, silver is mainly used in over 1,000 industrial applications and crafts, which in turn leads to a high demand and thus determines the price of silver.

 

 

Silver Coins 

Silver CoinsLegal tender coins were often made of silver, because just like gold it is very rare and valuable. In addition, silver has properties that make it particularly suitable for coins. This includes the beautiful shine and the resiliency of silver as a precious metal. When silver tarnishes it forms the so-called silver sulfide, but by polishing it is relatively easy to remove. Note to investors: As silver naturally tarnishes do not polish the coin as the weight will be lower afterwards and therefore effect the trading value. A tarnished coin does not change in value. Today silver coins are no longer in circulation, but are minted for investors or collectors. Investors appreciate its value and many applications, resulting from the needs of industry and crafts. Investment silver coins nowadays usually have a fine weight of about 999/1000, some of them even have a fine weight of 999.9/1000 and thus consist of (almost) pure silver.

 

 

 

Maple Leaf

Maple Leaf Silver CoinsThe Maple Leaf silver coin was introduced in 1988. The official Mint is the Royal Canadian Mint, based in Ottawa, Canada. With production in the double-digit millions of coins, the Maple Leaf 1oz is one of the best-selling silver coins in the world. Customers from all over the world appreciate the high fineness of 999.9/1000 and the consistent appearance, which makes the Maple Leaf very recognizable. In 2013 a security feature called laser engram was added and consists of the last two digits of the year of issue. It is located directly below the motif on the front. A small maple leaf can be seen there. Maple Leaf silver coins have a rippled edge and an edge rod. The design of the front is a maple leaf and on the back is the profile of Queen Elizabeth II.

 

Name Fineweight Diameter Thickness Nominal Value
Maple Leaf 31,103 g 38,0 mm 3,15 mm 5 CAD

 

 

 

Vienna Philharmonic

Vienna Philharmonic Silver CoinThe Vienna Philharmonic 1oz silver was introduced in 2008. Just like the Maple Leaf the Philharmonic is one of the best-selling silver bullion coins worldwide. Vienna Philharmonic coins are produced in Austria, by the Austrian Mint AG which is the official mint of Austria. The nice consistent appearance and the high fineness of 999/1000 makes the Vienna Philharmonic very popular with investors, especially since the premium is a little less than other silver coins. The Vienna Philharmonic is also available as a gold coin, which is the most successful bullion coin in Europe. The Philharmonic is slightly different than other investment-silver coins as is has a smooth knurling without rippled edge. The design of the front panel shows the representation of eight instruments of classical music, there are: horn, bassoon, harp, cello, viola and violin. The design of the lapel features a famous Austrian organ, it is in the golden hall of the Vienna “Musikverein”.

 

Name Fineweight Diameter Thickness Nominal Value
Wiener Philharmoniker 31,103 g 37,0 mm 3,20 mm 1,50 Euro

 

 

 

American Eagle

American Eagle Silver CoinThe silver American Eagle of the United States of America is also one of the best-selling bullion coins in the world. The appearance of the American Eagle has not changed since the first edition in 1986. This consistent design and appearance also holds true for the Maple Leaf and the Vienna Philharmonic which is valued by investors. The official mint of the American Eagle is the United States Mint, which is under the department of the treasury. The coin has a fineness of 999/1000, a weight of 1 ounce and the denomination of one dollar. The design of the front shows Lady Liberty "Walking Liberty". The reverse side has a motif of the representation of the Great Seal of the United States.

 

Name Fineweight Diameter Thickness Nominal Value
American Eagle 31,103 g 40,6 mm 2,98 mm 1 USD

 

 

 

Britannia

Britannia Silver CoinThe 1oz Silver Britannia is one of the best-selling silver coins in the United Kingdom. The Royal Mint started to produce the Britannia from 1997 to 2012 with a fineness of 958/1000. From 2013 on the fineness of the Britannia silver was increased to 999/1000. The silver coin is minted every year and in irregular intervals the design of the front will change. The front always depicts the Britannia which is seen as an allegory for the British Channel Islands. On the back of the Britannia Silver Queen Elizabeth II is shown.

 

Name Fineweight Diameter Thickness Nominal Value
Britannia 31,103 g 40 mm 3,1 mm 2 Pounds

 

 

 

Australian Kookaburra

Australian Kookaburra Silver CoinThe Australian Silver Kookaburra coin is issued by the Perth Mint in Australia. The Kookaburra is available in weights of 1oz, 2oz, 10oz and 1Kg. The theme changes every year but always shows the representation of a kingfisher. The name of the coin is derived from Australia’s largest kingfisher bird which is a Kookaburra. The coin has a fineness of 999/1000 and is produced in editions of up to 300,000. The design of the reverse shows Queen Elizabeth II.

 

Fine Weight Diameter Thickness Nominal Value from 1992
1 oz 40,6 mm 4,0 mm 1 AUD
2 oz 53,3 mm 4,5 mm 2 AUD
10 oz 75,5 mm 8,7 mm 10 AUD
1 Kg 101 mm 14,4 mm 30 AUD

 

 

Silver Bars

Silver bars next to silver coins, are the second option for silver investments. Bars can be bought in weights of up to 15kg. Silver bars are usually minted from 1g to 100g, weights above 100g are usually cast.

Exceptions are bars which are cast for customers below 100g, as these customers prefer the cast and thus insensitive surface. One difference between silver bullion and silver coins is that larger bars have a lower premium.

Furthermore, the surface is in cast ingots which is not so easy to scratch because the surface is a little rough. Another visual difference is that cast silver bullion tarnish faster.

This phenomenon is a normal effect because silver becomes tarnished by the contained sulfur particles contained in the air and chemically reacts. The surface then will turn to silver sulfide (salt). Tarnished silver bars have a darker color. Silver as an ore in nature is often found only in black as the silver is completely surrounded by silver sulfide.

Silver Bullion is usually stamped with the weight, the manufacturer and sometimes a serial number. Investors who like the shine of silver with a nice motif should opt for silver coins.

 

Known manufacturers of silver bullion

The best-known manufacturer of silver bars for the European market are mainly based in Switzerland and Germany.

 

Manufacturer County
Argor Switzerland
Cook Island Germany
Degussa Germany/Belgium
ESG Germany
Geiger Edelmetalle Germany
Heraeus Germany
Pamp Switzerland
Umicore Belgium
Valcambi Switzerland

 

 

 

The price of silver coins and silver bars

The price of silver investments consists of the silver price, premium and VAT. The silver price and premium are affected by a variety of factors, which we will explain in the following paragraph.

 

Silver Price

Silver is traded on the various exchanges around the world. Supply and demand is the biggest component for the rising or falling price of silver. Furthermore, many other factors play an important role and can significantly affect the price of silver.

To name a few: The dollar, oil prices, world political situation and mining rates of silver. Mining rates are determined by the major mining companies, shareholders, banks and other industries. Another major factor is the price of silver itself, because at a very low price the mining of silver ore is unprofitable.

The price of silver hit a record high of 49.45 dollars per troy ounce on January 18, 1980, which had been caused by speculations of the Hunt brothers.

 

Premium

The premium represents the costs incurred by the manufacturers and sellers. It also includes the margin on the silver bars and silver coins. Manufacturers have considerable costs in the refining of and production of bars and coins.

The refining and production process involves expensive equipment, which include blast furnaces, punching machines (for rounds), embossing machines etc. staff, storage, transportation and security, and other corporate costs are also allocated to the products.

With retail silver products the seller also has costs which are included in the premium.

The premium is also influenced by the weight of the silver bar or silver coin. Usually higher weight silver products have a smaller premium because production costs are lower, but this can vary from product to product.

In addition, there may be differences in premium between the manufacturers and thus between the products. The reason for this is the premium is affected by transportation times, the volume of coins or bars that are produced, and the different cost structures within the company.

For these reasons always compare prices before buying silver. However be sure to buy from a reputable precious metals dealer who has a good track record.

 

VAT

Since 2014, in Germany the full VAT rate of 19% is payable on silver coins. Silver bars already had the 19%. In Germany coins are available under the margin scheme, which provides in general lower total silver prices as the seller margin is taxed with the regular VAT rat. VAT-free silver can be purchased in CelticGold’s Estonian branch at Europe’s guaranteed lowest price.

 

 

Advantages and Disadvantages of silver as an investment

The precious metal silver has the great advantage of being in high demand because, unlike metals such as iron and copper, silver is relatively rare. In addition silver has unique properties. Silver is the element with the highest electrical and thermal conductivity and has the highest light reflection characteristic of all metals. Furthermore, it is very soft and elastic. For this reason silver is used in many unique applications.

 

All these features make silver for industry and crafts indispensable. Investors buy silver because of its properties, rareness and successful history as money. The price of silver, unlike gold, is much more volatile. Choosing the right entry point into a silver investment is a very important factor.

Another disadvantage of silver, which should not be overlooked, is the fact that silver coins and silver bars attract VAT in most EU countries. The only place for VAT free silver is Estonia.

 

Silver and its uses

  • One of Silver’s main uses is in jewelry production.
  • In addition to copper, silver is one of the best alloy components for gold products. Silver in the gold alloy can brighten the finished product and give it more shine. In contrast, a copper gold alloy brings out a reddish coloration.
  • In industry, silver is used in many ways. Medicine appreciates silver because of its antibacterial effect and is used in endoscopic tubes, wound dressings or endoprosthesis.
  • Many other applications such as the production of mirrors for astronomical telescopes make silver very important.
  • Silver alloys are mainly used in electrical applications.
  • Another property of silver ist that it can be  pulled to filigree wires with lengths of up to 2 km into films having a thickness of only 0.002 mm.
  • As a catalyst silver, is used in the partial oxidation of ethene to ethylene oxide and other kinetic changes of chemical elements.
  • In some musical instruments silver is used because of its unique sound properties.
  • Silver is also used for the production of medals and collectible silver coins.

 

 

Tips when buying silver

The most important thing when buying silver is the current price of silver, so investors should know about the pricing before purchasing silver.

Furthermore you should invest in silver carefully because it can have volatile price swings. Gold is historically more stable, therefore a ratio of 80% gold and 20% silver is generally considered a good allocation. The longer the investment term the higher the silver price may rise inside an investment portfolio.

In addition to the silver price the premium also needs to be considered. For this reason it is advisable to compare various silver products.

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  • Vienna Philharmonic, 1oz Silver 2016 - Front

    Vienna Philharmonic 1oz Silver Coin 2016

    Weight: 31.10 g
    Purity: 999/1000
    Country: Austria
    Mint: Austrian Mint
    Packing: Single in bag; 20 per Tube
    Masterbox: 500
    Grading: Mint State; Uncirculated
    Tax: Taxfree acc. to article 17(1)3 Est. VAT Act
    Excl. Tax: € 18.80 Incl. Tax: € 18.80

    Prices based on Quantity

  • Canada Maple Leaf Silver 2014 - Front

    Maple Leaf 1oz Silver Coin 2014

    Small Quantity available at this price.
    Weight: 31.10 g
    Purity: 999.9 / 1000
    Country: Canada
    Mint: The Royal Canadian Mint
    Packing: Single in bag; 25 per Tube
    Masterbox: 500
    Grading: Mint State; Circulated
    Tax: Taxfree acc. to article 17(1)3 Est. VAT Act
    Excl. Tax: € 18.41 Incl. Tax: € 18.41

    Prices based on Quantity

  • Maple Leaf, 1oz Silver Coin 2016

    Maple Leaf 1oz Silver Coin 2016

    Weight: 31.10 g
    Purity: 999.9 / 1000
    Country: Canada
    Mint: The Royal Canadian Mint
    Packing: Single in bag; 25 per Tube
    Masterbox: 500
    Grading: Mint State; Uncirculated
    Tax: Taxfree acc. to article 17(1)3 Est. VAT Act
    Excl. Tax: € 18.90 Incl. Tax: € 18.90

    Prices based on Quantity

  • Maple Leaf Silver 1oz 2013

    Maple Leaf 1oz Silver Coin 2013

    Small Quantity (135) available at this price.
    Weight: 31.10 g
    Purity: 999.9 / 1000
    Country: Canada
    Mint: The Royal Canadian Mint
    Packing: Single in bag; 25 per Tube
    Masterbox: 500
    Grading: Mint State; Circulated
    Tax: Taxfree acc. to article 17(1)3 Est. VAT Act
    Excl. Tax: € 18.41 Incl. Tax: € 18.41

    Prices based on Quantity

  • American Eagle 1oz Silver Coin 2016 - Motif

    American Eagle 1oz Silver Coin 2016

    Weight: 31.10 g
    Purity: 999/1000
    Country: USA
    Mint: The United States Mint
    Packing: Single in bag; 20 per Tube
    Masterbox: 500
    Grading: Mint State; Uncirculated
    Tax: Taxfree acc. to article 17(1)3 Est. VAT Act
    Excl. Tax: € 19.73 Incl. Tax: € 19.73

    Prices based on Quantity

  • Britannia 1oz Silver Coin 2017 - Motif

    Britannia 1oz Silver Coin 2017

    Weight: 31.10 g
    Purity: 999/1000
    Country: United Kingdom
    Mint: The Royal British Mint
    Packing: 25 per tube
    Masterbox: 500
    Grading: Mint State; Uncirculated
    Tax: Taxfree acc. to article 17(1)3 Eston. VAT Act
    Excl. Tax: € 19.54 Incl. Tax: € 19.54

    Prices based on Quantity

  • Kangaroo 1oz Silver Coin 2016

    Kangaroo 1oz Silver Coin 2016

    Weight: 31.10 g
    Purity: 999.9/1000
    Country: Australia
    Mint: Perth Mint
    Grading: Mint State - Uncirculated
    Packing: Single in pouch, 25 per tube
    Tax:  Taxfree accord. to article 17(1)3 Est. VAT Act
    Masterbox: 250
    Excl. Tax: € 18.93 Incl. Tax: € 18.93

    Prices based on Quantity

  • Britannia 1oz Silver Coin 2016

    Britannia 1oz Silver Coin 2016

    Weight: 31.10 g
    Purity: 999/1000
    Country: United Kingdom
    Mint: The Royal British Mint
    Packing: 25 per tube
    Masterbox: 500
    Grading: Mint State; Uncirculated
    Tax: Taxfree acc. to article 17(1)3 Eston. VAT Act
    Excl. Tax: € 19.43 Incl. Tax: € 19.43

    Prices based on Quantity

  • Queen's Beasts Lion 2oz Silver Coin 2016

    Queen's Beasts Lion 2oz Silver Coin 2016

    Weight: 62.20 g
    Purity: 999.9/1000
    Country: United Kingdom
    Mint: The Royal British Mint
    Packing: 10 per tube
    Masterbox: 200
    Grading: Mint State; Uncirculated
    Tax: Taxfree acc. to article 17(1)3 Eston. VAT Act
    Excl. Tax: € 45.86 Incl. Tax: € 45.86

    Prices based on Quantity

  • Queens Beasts Griffin 2oz Silver Coin 2017

    Queens Beasts Griffin 2oz Silver Coin 2017

    Weight: 62.20 g
    Purity: 999.9/1000
    Country: United Kingdom
    Mint: The Royal British Mint
    Packing: 10 per Tube
    Masterbox: 200
    Grading: Mint State; Uncirculated
    Tax: Taxfree acc. to article 17(1)3 Eston. VAT Act
    Excl. Tax: € 46.47 Incl. Tax: € 46.47

    Prices based on Quantity

  • Lunar II Rooster 10oz Silver Coin 2017 - Front

    Lunar II Rooster 10oz Silver Coin 2017

    Weight: 311.00 g
    Purity: 999.9 / 1000
    Country: Australia
    Mint: Perth Mint
    Grading: Mint State - Uncirculated
    Packing: Single in plastic capsule
    Tax: Taxfree accord. to article 17(1)3 Est. VAT Act
    Excl. Tax: € 199.30 Incl. Tax: € 199.30

    Prices based on Quantity

  • Lunar II Rooster 1/2 oz Silver Coin 2017 - Front

    Lunar II Rooster 1/2 oz Silver Coin 2017

    Weight: 15.55 g
    Purity: 999.9/1000
    Country: Australia
    Mint: Perth Mint
    Grading: Mint State - Uncirculated
    Packing: Single in capsule, 20 wrapped
    Tax:  Taxfree accord. to article 17(1)3 Est. VAT Act
    Excl. Tax: € 13.20 Incl. Tax: € 13.20

    Prices based on Quantity

  • Australian Lunar II Rooster 1oz Silver Coin 2017 - Front

    Lunar II Rooster 1oz Silver Coin 2017

    Weight: 31.10 g
    Purity: 999.9 / 1000
    Country: Australia
    Mint: The Perth Mint
    Grading: Mint State - Uncirculated
    Packing: Single in plastic capsule
    Tax: Taxfree accord. to article 17(1)3 Est. VAT Act
    Excl. Tax: € 24.39 Incl. Tax: € 24.39

    Prices based on Quantity

  • Lunar II Rooster 2oz Silver Coin 2017 - Motif

    Lunar II Rooster 2oz Silver Coin 2017

    Weight: 62.20 g
    Purity: 999.9/1000
    Country: Australia
    Mint: The Perth Mint
    Grading: Mint State - Uncirculated
    Tax: Taxfree acc. to article 17(1)3 Eston. VAT Act
    Packing: Single in plastic capsule
    Stock Status: Ships after 29th Oct. 2016
    Excl. Tax: € 44.11 Incl. Tax: € 44.11

    Prices based on Quantity

  • Lunar II Rooster 5oz Silver Coin 2017 - Front

    Lunar II Rooster 5oz Silver Coin 2017

    Weight: 155.50 g
    Purity: 999.9/1000
    Country: Australia
    Mint: Perth Mint
    Grading: Mint State - Uncirculated
    Packing: Single in capsule, 20 wrapped
    Tax:  Taxfree accord. to article 17(1)3 Est. VAT Act
    Stock Status: Shipment starts Sep 20th
    Excl. Tax: € 110.18 Incl. Tax: € 110.18

    Prices based on Quantity

  • Lunar II Monkey 5oz Silver Coin 2016

    Lunar II Monkey 5oz Silver Coin 2016

    Weight: 155.50 g
    Purity: 999.9/1000
    Country: Australia
    Mint: Perth Mint
    Grading: Mint State - Uncirculated
    Packing: Single in capsule, 20 wrapped
    Tax:  Taxfree accord. to article 17(1)3 Est. VAT Act
    Excl. Tax: € 109.00 Incl. Tax: € 109.00

    Prices based on Quantity

  • Australian Lunar II Rooster 1 Kilo Silver Coin - Front

    Lunar II Rooster 1 Kilo Silver Coin 2017

    Weight: 1,000.00 g
    Purity: 999.9 / 1000
    Country: Australia
    Mint: The Perth Mint
    Grading: Mint State - Uncirculated
    Packing: Single in plastic capsule
    Tax: Taxfree accord. to article 17(1)3 Est. VAT Act
    Excl. Tax: € 607.80 Incl. Tax: € 607.80

    Prices based on Quantity

  • Kookaburra 1oz Silver Coin 2017 - Front

    Kookaburra 1oz Silver Coin 2017

    Weight: 31.10 g
    Purity: 999 / 1000
    Country: Australia
    Mint: The Perth Mint
    Grading: Mint State - Uncirculated
    Packing: Single in plastic capsule, 20 per roll
    Tax: Tax free acc. to Art. 17(3)1 Est. VAT Act
    Excl. Tax: € 21.03 Incl. Tax: € 21.03

    Prices based on Quantity

  • Kookaburra 10oz Silver Coin 2017 - Motif

    Kookaburra 10oz Silver Coin 2017

    Weight: 311.00 g
    Purity: 999/1000
    Country: Australia
    Mint: The Perth Mint
    Grading: Mint State - Uncirculated
    Packing: Single in plastic capsule
    Tax: Taxfree, acc. to Art 17(1)3 Est. VAT Act
    Excl. Tax: € 196.64 Incl. Tax: € 196.64

    Prices based on Quantity

  • Kookaburra 1kg Silver Coin 2017 - Motif

    Kookaburra 1kg Silver Coin 2017

    Weight: 1000.00 g
    Purity: 999 / 1000
    Country: Australia
    Mint: The Perth Mint
    Grading: Mint State - Uncirculated
    Packing: Single in plastic capsule
    Tax: Taxfree acc. to Article 17(1)3 Est. VAT Act
    Excl. Tax: € 613.39 Incl. Tax: € 613.39

    Prices based on Quantity

  • Predator Series Cougar 1oz Silver Coin 2016

    Predator Series Cougar 1oz Silver Coin 2016

    Weight: 31.10 g
    Purity: 999.9/1000
    Country: Canada
    Mint: Royal Canadian Mint
    Packing: Single in bag; 25 per Tube
    Masterbox: 500
    Tax: Taxfree acc. to article 17(1)3 Est. VAT Act
    Grading: Mint State; Uncirculated
    Excl. Tax: € 19.98 Incl. Tax: € 19.98

    Prices based on Quantity

  • Great Horned Owl Birds of Prey 1oz Silver Coin 2015

    Great Horned Owl Birds of Prey 1oz Silver Coin 2015

    Weight: 31.10 g
    Purity: 999.9/1000
    Country: Canada
    Mint: Royal Canadian Mint
    Packing: Single in bag; 25 per Tube
    Masterbox: 500
    Tax: Taxfree accord. to article 17(1)3 Est. VAT Act
    Grading: Mint State; Uncirculated
    Excl. Tax: € 20.19 Incl. Tax: € 20.19

    Prices based on Quantity

  • Snow Falcon 1.5oz Silver Coin 2016

    Snow Falcon 1.5oz Silver Coin 2016

    Weight: 46.655 g
    Purity: 999.9/1000
    Country: Canada
    Mint: Royal Canadian Mint
    Packing: Single in bag; 15 per Tube
    Masterbox: 300
    Grading: Mint State; Uncirculated
    Tax: Taxfree acc. to article 17(1)3 Est. VAT Act
    Excl. Tax: € 31.09 Incl. Tax: € 31.09

    Prices based on Quantity

  • Howling Wolves 3/4oz Silver Coin 2016

    Howling Wolves 3/4oz Silver Coin 2016

    Weight: 23.33 g
    Purity: 999.9/1000
    Country: Canada
    Mint: Royal Canadian Mint
    Packing: Single in bag; 30 per Tube
    Masterbox: 600
    Grading: Mint State; Uncirculated
    Tax: Taxfree acc. to article 17(1)3 Est. VAT Act
    Excl. Tax: € 16.42 Incl. Tax: € 16.42

    Prices based on Quantity

  • China Panda 30g Silver Coin 2016

    China Panda 30g Silver Coin 2016

    Weight: 30.00 g
    Purity: 999/1000
    Country: China
    Mint: Chinese Mint Corporation
    Packing: Plastic Capsule, 15 per sheet
    Masterbox: 450
    Grading: Mint State; Uncirculated
    Tax: Taxfree acc. to article 17(1)3 Est. VAT Act
    Excl. Tax: € 24.46 Incl. Tax: € 24.46

    Prices based on Quantity

  • Somalia Elephant 1oz Silver Coin 2017 - Motif

    Somalia Elephant 1oz Silver Coin 2017

    Weight: 31.10 g
    Purity: 999.9/1000
    Country: Somalia
    Mint: Bavarian Mint
    Packing: Single in bag; 20 per Tube
    Grading: Mint State; Uncirculated
    Excl. Tax: € 20.03 Incl. Tax: € 20.03

    Prices based on Quantity

  • Lunar II Monkey 1 Kilo Silver Coin 2016

    Lunar II Monkey 1 Kilo Silver Coin 2016

    Weight: 1,000.00 g
    Purity: 999/1000
    Country: Australia
    Mint: The Perth Mint
    Grading: Mint State - Uncirculated
    Packing: Single in plastic capsule
    Tax: Taxfree accord. to article 17(1)3 Est. VAT Act
    Currently not available

27 Item(s)

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