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Current prices (kg): Gold €114.020 Silver €1.408
    

Philharmoniker silver coin
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Philharmoniker
Philharmoniker 2024 1 troy ounce silver coin
Taxed with 21% VATTaxed with 21% VAT
Philharmoniker 2024 1 troy ounce silver coin
58,83
From 58,64
Delivery time 1 to 2 weeks
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Why buy silver at Holland Gold?

Buying silver coins also offers protection in times of inflation
Buying silver coins also offers protection in times of inflation

People think of silver as the poor man's gold, which is absolutely the wrong way to look at it. Gold has the most monetary character, but silver moves in times when a financial system is under pressure, at least as much as gold. 

Silver is a raw material for industrial applications
Silver is a raw material for industrial applications
The growing shortage of silver offers opportunities. Silver is scarce. Roughly 50% of the demand for silver comes from industry, especially for applications in solar panels and electric cars. Due to the energy transition, this demand is rising rapidly.
Buying silver coins as a mainstay in the investment portfolio
Buying silver coins as a mainstay in the investment portfolio

Silver is a commodity and monetary metal. Gold and silver have related to each other to some extent over a long history; This is called the gold-silver ratio. Silver has not been this cheap in 25 years compared to gold.

Delivery and pick-up
Safe and insured transport of your precious metal
Our delivery specialist provides optimally secured and insured transport. Your order is continuously monitored along the way and discreetly handed over to the right person by means of a PIN code. Pick-up at the Alkmaar office and Rotterdam is also possible.
More about delivery and pick-up
Frequently asked questions about buying silver coins
Which silver coin is best to buy?

The best silver coins to buy are the 1 troy ounce silver bullion coins of various years. These coins offer the best value for money and the highest silver content per euro compared to newly minted coins. Silver bullion coins are produced in sizes ranging from 1/4 troy ounce (7.8 grams) up to 10 kilograms. The 1 troy ounce coins are typically the most affordable, as they are minted in much larger quantities and represent the global industry standard.

However, some investors prefer smaller coins even though they carry a slightly higher premium, as these can be more practical for trade or barter in emergency situations. If that’s important to you, consider the historical Dutch silver guilders. Other clients choose the 1 kilogram silver coins, as they are competitively priced and may also hold collectible value.

Important: coins purchased directly from the mint are subject to 21% VAT on the sale price. This makes them less attractive to private investors compared to “various years” coins sold under the margin scheme. Learn more about the difference between new silver coins and various years.

Reselling Silver Coins

When selling your silver bullion coins back to us, all weights are repurchased at a fixed percentage of the current silver price. Learn more about what the spot price means, how the buyback rate is calculated, and about selling silver and selling silver coins.

Conclusion

If you’re looking to invest in silver coins, the 1 troy ounce silver coins of various years are usually the best priced and offer the highest silver content for your money. Please note that newly minted coins are subject to 21% VAT. If no silver coins are in stock, explore our VAT-free silver options or purchase VAT-free silver through the precious metals account in the Holland Gold App.

How much silver does a silver investment coin contain?

All silver bullion coins sold by accredited mints consist of at least 999 out of 1000 parts fine silver, or 99.9% pure silver. This means that in one kilogram of coin, only about one gram of other metals or impurities may be present.

Silver coins with a higher silver content

Some coins have an even higher silver content, such as the Silver Canadian Maple Leaf and the Silver Australian Kangaroo. These contain 99.99% silver, making them among the purest silver coins in the world. A silver bullion coin made entirely of silver is not possible, as silver always contains trace amounts of other elements that cannot be completely removed during the production process.

At Holland Gold, we only sell silver coins produced by accredited mints that contain at least 999, or 99.9%, pure silver. All coins are globally tradable.

Coins with a lower silver content

An example of silver with a lower content is old Dutch coinage, such as silver guilders and rijksdaalders. These coins were once used as legal tender and, for practical reasons, had a silver content of 72%. This made them stronger and more suitable for everyday use.

At Holland Gold, you can purchase these coins per kilogram. The price is calculated based on the actual silver weight, which amounts to 720 grams of pure silver per kilogram. On our website, each product displays the exact silver content, so you always know precisely how much silver your purchase contains.

 

What is the difference between silver coins and silver bars?

Those looking to invest in silver can choose between silver coins and silver bars. Both forms consist of physical silver and are traded worldwide. However, there are clear differences between these two investment options, particularly when it comes to VAT and storage.

VAT on silver coins and silver bars

To understand the difference between silver coins and silver bars, it is important to distinguish between VAT-liable and VAT-free silver. Silver is classified by the Dutch Tax Authorities as an industrial metal. Therefore, a 21% VAT rate applies unless coins fall under the margin scheme or bars are stored in bonded vaults abroad.

Silver coins and bars with 21% VAT

Newly issued silver bullion coins (recognisable by the most recent year of issue) and silver bars purchased or stored in the Netherlands are subject to 21% VAT.

Read more about VAT on silver

Silver coins and bars without VAT

No 21% VAT applies to:

These “various years” coins fall under the margin scheme, meaning VAT does not apply.

Read more about the margin scheme

Differences between silver bars and silver coins

For private investors, purchasing VAT-free silver coins or bars is generally the most cost-effective way to invest in physical silver. The table below outlines the main differences:

Feature Silver coins Silver bars
Available weights From ¼ troy ounce (7.78 g) up to 5 kg From 50 g up to 1,000 troy ounces (31.1 kg)
VAT-free purchase available? Yes – “various years” silver coins Yes – with storage in Switzerland or Singapore (bonded vault)
Legal tender Yes No
Liquidity High, recognised worldwide High, recognised worldwide
Storage options VAT-free in private possession or in storage VAT-free only with foreign bonded storage (otherwise 21% VAT applies)

Similarities between coins and bars

  • Both are measured in troy ounces or kilograms
  • Both can be purchased VAT-free under specific conditions
  • Both consist of physical silver of the highest purity

Which option is the most cost-effective?

For most private investors, the following options offer the best value:

  • Silver coins – various years: previously circulated coins that qualify for the margin scheme and are therefore exempt from 21% VAT.
  • Silver bars in storage: when stored in a secure bonded vault in Switzerland or Singapore, no VAT is charged on your purchase.
  • Precious metals account: buy VAT-free physical silver per gram via the website, the client portal or the Holland Gold App. You decide the amount or weight – not limited to specific coin or bar forms.

Buying silver for business purposes

If you purchase silver as a business, you may be able to reclaim the 21% VAT on newly issued silver coins or bars through your VAT return. Always consult your accountant or tax adviser to confirm whether this applies to your situation before making a purchase.

What does diverse years mean?

For silver, platinum, palladium, and gold coins, you can choose between “various years” or newly minted editions. Mixed-year coins are often a more affordable option and can be recognized by the indication “various years” in the product name.

Because these coins are purchased from private sellers or institutional investors, the production margin and associated logistics costs of the mint no longer apply. This allows us to offer these coins at a lower price, making them an attractive choice for investors.

For silver, platinum, and palladium coins, there is also a tax advantage when you choose mixed-year coins. Unlike new coins, no 21% VAT is charged on these coins. When reselling, you will receive the same price for new coins as for mixed-year coins.

View our selection of gold coins, silver coins, and platinum and palladium coins.

Read more about whether you pay VAT on precious metals.

How can I test silver, platinum and palladium for authenticity?

The precious metal you buy from us often comes directly from leading mints and accredited refineries. We carefully check the precious metal in our range for authenticity. 

You can silver Easy self-testing:

  1. Weigh the precious metal with a calibrated scale. The weight will have to be exactly the correct weight. Keep in mind that there may be packaging. Please note that in the case of Troy Ounce Coins a small positive deviation from weight is common. 
  2. The sound test. You can tap against the product with a (different) Gold coin. The bar or coin must make a (slightly) singing or high-pitched sound. The sound should not kill immediately.
  3. The specific gravity test. You can measure the dimensions of the product. Of course, the dimensions must correspond to the dimensions in the product specification. If you know the composition of the product (e.g. 100% silver), you can check the specific gravity based on the dimensions and weight. You do this by means of the following formula: p = m / v. Where 'P' stands for density, 'm' is the mass and 'v' is the volume.
  4. The color test. You can compare the product color with a similar product. 

 

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