15 kilo silver Fiji coin bar Argor-Heraeus 

This is the largest coin bar minted on behalf of Argor-Heaeus for the Fiji Islands. The coin bar contains 15 kilos of 99.9% fine silver. The interesting thing about these coin bars is that they are traded under the margin scheme, because silver is in principle seen as a raw material and for that reason 21% VAT is levied on bars. However, coins and coin bars fall under the margin scheme, which means that only 21% VAT is charged on the trader's profit margin. We work with very low profit margins, in practice this amounts to half a percent of VAT. 
 

Design

On this 15 kilo coin bar you will see the coat of arms of the archipelago with the denomination of the coin bar, the year of issue, the weight and the fineness. In addition, you will also see a sailing ship and the abbreviation of the manufacturer. 
 

Tradability 

Argor SA was founded in 1951. After a transfer of ownership in 1986, a joint venture was concluded with Heraeus, among others. Argor-Heraeus SA of Switzerland is accredited by the London Bullion Market Association (LBMA). As a result, this coin bar is on the Good Delivery List, which means that this coin bar can be traded worldwide. 

The margin scheme

 Silver is seen as a raw material and is therefore charged with 21% VAT. Coins and coin bars fall under the margin scheme and are therefore an attractive option if you want to invest in physical silver. Another option is to buy silver bars in combination with storage at Edelmetaal Beheer Nederland, because they are stored in a customs warehouse, you do not have to pay VAT on the bars.