What is the difference between silver coins and silver bars?

Question

Accepted Answer

In contrast to gold, the choice of bars or coins for silver is more important because of VAT. Silver is an industrial metal as opposed to gold, which is categorized as a monetary metal. As a result, Silver bars 21% VAT charged. As for all other "white" precious metals such as platinum, palladium and rhodium. For individuals, it is therefore better to Silver Coins silver coins are subject to the margin scheme in the Netherlands. In the margin scheme, the trader does not calculate the VAT on the turnover, but on the difference between the selling price and the purchase price of the goods: the (profit) margin. As a result, a lot less VAT is paid for silver coins. It can only be interesting for business customers to buy silver bars because in some cases they can reclaim the VAT.

The most advantageous for both private and business customers is to buy silver bars or platinum bars to be purchased in combination with storage outside the EU, such as in Switzerland or Singapore. Because these bars are in a customs depot, no tax is levied on them. These bars are therefore VAT-free!

Read more in the Starter's Guide – What do I buy??

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