Which silver coin would be best to buy?

When purchasing silver, you can choose from various products, such as silver bars and silver coins. As a private individual, it is important to pay close attention to the tax rules when buying silver. Silver bars and newly minted silver coins are subject to 21% VAT. This VAT is not recoverable and cannot be passed on in the event of a resale. This creates a greater difference between the purchase price and the selling price than with pre-owned silver coins, which are subject to the margin scheme and are therefore more tax-efficient.

For private individuals, silver coins are usually the most economical choice when purchasing silver. Not only are they more attractively priced at the time of purchase, but they also yield a higher return when sold at a later date. When you decide to sell your silver coins to us, you will usually receive a higher bid percentage than for silver bars. This is because silver coins are more tradable worldwide and therefore retain a higher residual value.

The most common silver coins

The most common silver coins are minted in 1 troy ounce of silver, with the silver Maple Leaf being a popular choice. The silver Philharmonic, Kangaroo and Britannia coins are also very popular.

All these coins are traded at a price based on the current silver price. There may be price differences between the coins, while the silver value and buy-back guarantee are identical. It is therefore most interesting to choose the cheapest 1 troy ounce silver investment coin, i.e. the silver coin with the lowest price per gram. The price per gram can be found on the product page, so you can easily compare the different coins.

Disclaimer: The Silver Mountain does not provide investment advice and this article should not be considered as such. Past performance is no guarantee of future results.