24 February 2013

How to buy physical Silver – A guide to the lowest price

Investors buy physical silver coins at Europe's guaranteed lowest price from CelticGold in Estonia vat-free.

Discounts of up to 3% for larger orders are available on the most known and circulated coins such as the Vienna Philharmonics, Maple Leaf and Britannia 1oz silver coins.

Non-commercial shipments of silver coins are not levied with import duties and/or vat within the European Union if the customer finds and instructs a specialized courier.

CEO Stefan Kramer: “All Silver coins that are minted with a face value are legal tender and therefore sold VAT-free in Estonia. The rulings in Estonia are clear and we are happy to offer this truly unique buying and safe shipping services to all EU investors.”

Learn more about Silver and VAT here:

Silver investments are available in various ways. But only the direct physical ownership provides a maximum safety. Physical silver investments are offered in bullion (also called bars) and coins.

In Europe physical investment silver is subject to Vat. An EU country has one to four different vat rates. The normal rate and reduced rate(s). 2013 Vat rates can be viewed here: http://www.vatlive.com/vat-rates/european-vat-rates/eu-vat-rates/

A few examples for 2013 Vat rates:

Country Standard Rate Reduced Rate
Austria 20% 10%
Denmark 25% none
Germany 19% 7%
Ireland 23% 9%
United Kingdom 20% 0%

All offered silver bars & coins in Europe are subject to the VAT Standard Rate. Currently there are only three countries with exceptions:




Silver Coins 7% Vat until 31. December 2012.19% Vat from 1.1.2014 Margin Ruling – a special ruling that charges 21% Vat on the dealers margin. Vat Exempt = Vat Free
Silver Bullion 19% Vat 21% Vat 20% Vat

Obviously if you can buy silver Vat Free through Estonia; the next question is:

How do I get the silver delivered – legally – without paying Vat?

Article 34 of the EC-guideline 2006/112/EC limits international sales of VAT-liable goods. The guideline says that the location where the contract is fulfilled is applicable to Vat. This guideline is only applicable when the bullion company ships to their clients.

Example 1:

UK resident buys with CelticGold Estonia. CelticGold ships the silver to the UK.
Vat on silver to be charged = 20%. As the location where the seller fulfils its contract is the UK (the customers’ signature from the delivery releases the seller from its contract).

Example 2:

UK resident buys with CelticGold Estonia. The UK resident  finds and instructs a courier service to pick up his/her silver from the bullion vault. The location where the seller fulfils its contract is Estonia as the goods are handed over to the courier company in Estonia.
Vat on silver to be charged = 0%

The ownership in example 1 is transferred in the UK. The ownership of the goods in example 2 is transferred in Estonia.


Buy vat-free Silver in Estonia


What about buying silver overseas or offshore?

When you are an EU resident and buy products from a country outside of the EU; the shipper has to declare and inform customs. As soon as the package crosses the EU border silver will be charged with your country’s Vat. Sometimes packages slip through customs inspections.  But generally it is recommended to buy silver within the EU in order to have it shipped freely and without customs declaration. Due to customs inspections and Vat charges it is not recommended to buy through Guernsey, USA, Canada and Norway.

Author: celticgold.eu

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