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A 10 troy ounce silver coin weighs 311 grams, but how large is such a coin actually?
In this video, you'll not only see the size of the 10 troy ounce silver coin but also how (proof) coins are delivered: in an elegant presentation packaging complete with an authenticity certificate. If you're considering buy a 10 troy ounce silver coin, this video provides valuable insights into its physical dimensions and presentation, ensuring you make an informed decision.
Silver coins 10 troy ounce
10 troy ounces is equivalent to 311 grams. The silver coins of this weight are a whole hand full and many mints also issue their silver coins in this format. The 10 troy ounce format is very popular with the Queens Beasts series from England, but also in Canada, this format is used for a special edition of the well-known silver Maple Leaf coins.
In addition to these coins, the Perth Mint also regularly comes with series of which a coin exists with the weight of 10 troy ounces. For example, the Lunar series and the Kookaburra.
Collectable coins of 10 troy ounces silver are less common and most 10 troy ounce coins have a fairly large diameter of 50 to 65 millimetres.
Invest in 10 troy ounce silver coins
A 10 troy ounce silver coin is often slightly more expensive than ten 1 troy ounce silver coins. Although it is often the case that larger coins have lower premiums per troy ounce, there are circumstances where this is not always true.
Why buy 10 troy ounce silver coins?
10 troy ounce silver coins are often produced in smaller quantities or are part of special series or editions, unlike 1 troy ounce silver bullion coins. Additionally, 10 troy ounce silver coins often have more intricate designs and higher quality finishes such as proof.The aforementioned reasons can also be motives to invest specifically in 10 troy ounce silver coins.
Characteristics of a 10 troy ounce silver coin
A 10 troy ounce silver coin has a diameter that varies depending on the design and manufacturer. Coins of 10 troy ounces in silver are often struck in proof quality, meaning they have a high finish with a mirrored background and matte details. These coins typically come in a luxurious presentation packaging and include a certificate of authenticity.
The product description indicates how the coin is delivered and in what quality.
Famous series of 10 troy ounce silver coins
Some well-known silver series that issue coins in the 10 troy ounce size are the Kookaburra, Koala, and Lunar series from The Perth Mint.
The Queen's Beasts series, minted by the Royal Mint, is also a well-known series in this size. Finally, the Royal Canadian Mint also strikes the world-renowned Maple Leaf in the 10 troy ounce size.
Frequently asked questions about buying 10 troy ounce silver coins
What are 10 troy ounce silver coins?
10 troy ounce silver coins weigh, as the name suggests, 10 troy ounces. Converted to grams, this is approximately 311.03 grams.
Is there VAT on 10 troy ounce silver coins?
Silver is considered a raw material and is therefore subject to 21% VAT. However, 10 troy ounce silver coins (and other sizes) are traded under the margin scheme.
The margin scheme in the Netherlands is a special VAT regulation that can apply to the sale of second-hand goods, art, antiques, and collectibles, including silver coins. This scheme can be advantageous for dealers and buyers of silver coins because it only charges VAT on the dealer's profit margin, rather than on the full selling price of the item.
Can I sell my 10 troy ounce silver coins to you?
You can always sell your 10 troy ounce silver coins back to us through our subsidiary, Inkoop Edelmetaal.
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