Coin bar 1 kilo StoneX

This exceptional silver coin bar is produced by the multinational StoneX in collaboration with New Zealand and the Polynesian island of Niue. As one of the largest financial service providers in the world, StoneX has built a strong reputation for delivering excellent products and services to customers worldwide.

The 1 kilo silver coin bar from StoneX comes in the original black StoneX cardboard wrapping. The coin bar itself is sealed in plastic for added protection. Also included in the packaging is the certificate of authenticity. This StoneX coin bar has the compact dimensions of 125 mm long, 11.5 mm deep and 65 mm wide.

StoneX

StoneX is a world-renowned multinational listed in the top 200 of the Fortune 500 list of the largest American companies based on revenue. StoneX specialises in providing a wide range of financial services to both private and institutional customers worldwide. The company offers services in the field of foreign currencies, payment processing, and wealth management. In addition, StoneX, in collaboration with New Zealand, produces this unique silver bar struck in the highest silver content of 99.99% pure silver.

Design StoneX silver coin bar of 1 kilo

On the obverse side of the 1 kilogram silver bullion coin, we see the issuer's name STONEX, the silver fineness FINE SILVER 999.9, and the weight 1000 G. Additionally, the silver bullion coin also features a unique serial number. The rest of the bullion coin is shiny.

On the reverse side of the 1 kilogram silver bullion coin, there is a portrait of Elizabeth II. Below the portrait are the characteristics of the bullion coin, such as the nominal value 30 dollars, the island responsible for production NIUE ISLAND, and the year.

Coin bars and VAT

Silver bars are in principle taxed with 21% VAT. However, coin bars are seen as coins, because an image of a coin with a nominal value is on the silver bar. Therefore, you do not pay VAT on silver coin bars, they fall under the margin scheme just like the silver coin. As a result, you only pay VAT on the dealer's profit margin, which is already included in the price.

If you as a private individual want to buy a silver bar, then 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.