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Which silver coin would be best to buy?
Autor: Rolf van Zanten Date: 24 May 2024

Which silver coin would be best to buy?

There are differences between the products you can purchase, such as silver bars and silver coins. Silver bars, while regularly cheaper to purchase, are still less interesting for individuals. This is because silver bars are taxed with 21% VAT, which cannot be reclaimed and also cannot be passed on when reselling. Because of this, the difference between the purchase price and selling price is much higher than with silver coins.
 
Silver coins fall under the margin scheme, which means that you only pay VAT on the profit margin of the dealer. In many cases this margin is quite limited, for example 5 or 10%. As a result, only 1 to 2% of the purchase price consists of VAT. This margin scheme can also be applied to resales, making the difference between the purchase and sale price much more favorable than with silver bars.
 
Silver coins are always the most advantageous option for individuals. This is because silver is considered a commodity, so bars are taxed at 21% VAT. In addition to silver coins being cheaper to purchase, you will also get significantly more in return for coins in the future, since you cannot charge yourself VAT.
 
The most common silver coins are minted in 1 troy ounce, with the Maple Leaf being a popular choice. The silver Philharmonic, Kangaroo and Britannia coins are also very popular. All of these coins are traded at a price based on the current silver rate. There may be price differences between the coins while the silver value is identical. With most interesting is therefore to choose 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 different coins.