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Silver coins 1 troy ounce
At The Silver Mountain, you can purchase 1 troy ounce silver coins at the current silver price. Prices on our website are updated automatically every three minutes. You can choose to pick up your silver coins, have them shipped to you with insurance, or opt for storage.
The most common silver coins are all minted in 1 troy ounce (31.103 grams) of pure silver. These coins are popular among both collectors and investors in physical silver. Each year, tens of millions of the silver Maple Leaf, the Vienna Philharmonic, and the Britannia coins are sold.
Why should I buy silver coins
Silver coins, unlike silver bars, are traded under the margin scheme. The margin scheme is a special VAT regulation that can be applied to the trade of 1 troy ounce silver coins. Under this scheme, VAT is not calculated on the full sale price but only on the dealer's profit margin.
This means that VAT is only applicable to the difference between the purchase price and the sale price. For this reason, as an individual, you are better off buying 1 troy ounce silver coins compared to silver bars.
Which silver coin to buy
Within our assortment, we have newly minted 1 troy ounce silver coins and pre-owned silver coins. For new coins, part of the production costs is included, whereas pre-owned coins are bought back from customers who previously purchased them from us (or elsewhere).
These pre-owned coins are more cost-effective for us to purchase, allowing us to offer them at a lower price. The production costs have already been accounted for in the initial purchase. For this reason, when investing in physical silver, it is better to buy pre-owned 1 troy ounce silver coins.
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There is no difference in weight, purity, or value between a newly minted 1 troy ounce silver coin and a pre-owned coin. Therefore, we offer the same buyback guarantee for both new and pre-owned 1 troy ounce silver coins. When purchasing 1 troy ounce silver coins, it is often recommended to choose pre-owned coins as they are the most cost-effective option.
In addition to choosing between pre-owned or newly minted coins, you can select from various types of 1 troy ounce silver coins such as the Krugerrand, Britannia, and/or Maple Leaf. All silver investment coins offered by The Silver Mountain are sourced from reputable mints and are tradable worldwide.
We also facilitate the sale of 1 troy ounce silver coins, offering a fixed percentage of the current silver price. Since all these coins are minted in 1 troy ounce of pure silver, there is no difference in our purchase price. Therefore, when buying 1 troy ounce silver coins, opting for the most affordable option is the most advantageous.
Sell silver coins
At The Silver Mountain, we offer full service. You can always sell your 1 troy ounce silver coins to us in the future. This process is handled through Inkoop Edelmetaal, a subsidiary of The Silver Mountain.
Our purchase prices are determined based on a set formula linked to the most current silver price. We always buy your silver coins, regardless of the volume and the market price.
What is 1 troy ounce
One troy ounce is a unit of mass commonly used in precious metals trading, particularly for gold, silver, and other precious metals. It is equivalent to approximately 31.1035 grams. The term "troy ounce" is used to distinguish it from the more common avoirdupois ounce, which is slightly heavier.
VAT on silver
Silver is a valuable precious metal that attracts significant attention from both investors and collectors. It is essential to be aware of the tax regulations that apply, particularly the VAT (Value Added Tax). In the Netherlands, VAT on silver is treated differently than on gold, which can have a substantial impact on your investment.
Unlike investment gold, which is exempt from VAT, silver is subject to the standard VAT rate of 21%. Silver is considered a commodity and is therefore taxed at 21% VAT. This means that when purchasing silver bars, the buyer must pay an additional 21% on top of the purchase price. This tax is calculated based on the total value of the silver, including any premiums.
An alternative to this are silver coins, as they are traded under the margin scheme. Therefore, as an individual, you are better off buying 1 troy ounce silver coins compared to silver bars.
Coin series
You can purchase 1 troy ounce silver investment coins from us, as well as choose from a wide selection of 1 troy ounce silver collector coins. Collector coins often have a limited mintage, special quality grade, and/or unique design. Some well-known collector series include the silver Lunar, Koala, and Kookaburra coins.
Frequently asked questions about 1 troy ounce silver coins
What is 1 troy ounce?
One troy ounce is a unit of measurement used to denote the weight of precious metals such as silver and gold. It equates to approximately 31.1035 grams. This measurement is widely used in the precious metals industry and is slightly heavier than the avoirdupois ounce (28.3495 grams) used in the United States for other purposes.
What is the margin scheme?
The margin scheme for silver coins is a special VAT arrangement applicable to silver coins. Under this scheme, VAT is calculated based on the dealer's profit margin rather than the full selling price of the coins. This means the dealer pays VAT only on the difference between the purchase price and the selling price, which is advantageous for both the dealer and the buyer.
The price you see for silver coins is the price you pay. However, for silver bars, an additional 21% VAT applies if purchased by a private individual, on top of the displayed price.
Why buy 1 troy ounce silver coins?
Silver coins are traded under the margin scheme, making them cheaper for individuals compared to silver bars.
The most common weight for investment coins in gold and silver is one troy ounce. This is also the product with the lowest spread (the difference between buying and selling prices) at purchase, and therefore the most cost-effective option.
Buying new or pre-owned 1 troy ounce silver coins?
For newly minted 1 troy ounce silver coins, a portion of the production costs is included in the price. Pre-owned coins, on the other hand, have been repurchased from customers. The production costs for pre-owned coins have already been factored into the initial purchase, allowing us to offer them at a lower price.
In the future, we will maintain the same bid price for both newly minted and pre-owned coins. Therefore, for a future sale, whether you buy pre-owned or new coins will not make a difference.
Does the producer/mint still make a difference in my purchase or future sale?
In short: no. The silver investment coins we offer at The Silver Mountain come from globally recognized producers. These silver investment coins have a strong reputation and are tradable worldwide.
Additionally, in the future, we will offer a fixed percentage based on the prevailing silver price for your 1 troy ounce silver coins. We do not differentiate between a Silver Maple Leaf or a Silver Kangaroo.
Where can I sell 1 troy ounce silver coins?
This can be done safely, easily, and quickly through our subsidiary, Inkoop Edelmetaal. On the Inkoop Edelmetaal website, you can see immediately the price we offer for your coins. This price is linked to the most current silver price at that time.
We offer a fixed percentage of the prevailing silver price for your silver coins. You have the option to bring your silver coins in person, send them to us (insured), or arrange for them to be collected.
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