This shiny 1-kilogram silver coin bar is struck in 99.99% pure silver and has a face value of 30 Niue dollars.
The 1 kilo silver Stonex bullion coin bar is struck in 99.99% pure silver. The Stonex bullion coin bar has the necessary inscriptions on the front, such as the bar's weight and silver content. The back has an effigy of Queen Elizabeth II with the face value of this bar below it as well. This makes this coin bar fall under the margin scheme.
The 1 kg silver coin bar comes in a gift box that also contains a certificate of authenticity. The bar itself is additionally wrapped in a plastic sleeve for extra protection.
Silver bars are in principle taxed with 21% VAT. However, coin bars are seen as coins, because the silver bar has a picture of a coin with a nominal value. You therefore do not pay VAT on silver coin bars, as these fall under the margin scheme, just like silver coins. This means you only pay VAT on the dealer's profit margin, which is already included in the price.
If you want to buy a silver bar as a private individual, silver coin bars are a good option. For business investors, standard silver bars are also suitable as companies can usually reclaim the taxed 21% VAT.