End of Margin Scheme for New Silver Coins

Starting in 2025, a 21% VAT will be applied to the sale of silver coins. This change is due to the harmonization of VAT regulations for silver coins across all EU countries. In the Netherlands, this means that the margin scheme will definitively end on January 1, 2025, for all new silver coins. However, existing silver coins (issued before 2025) will continue to be traded under the margin scheme, making older coins more cost-effective than new ones.

What Does 21% VAT on Silver Coins Mean for You?

• From January 1, 2025, all new silver coins will include 21% VAT, similar to the current rules for silver bars.
• Existing silver coins will remain under the margin scheme, making them significantly more attractive than new silver coins. This may increase the value of existing coins over time.

Benefits for Selling Silver Coins as a Private Individual

• When selling silver coins as a private individual, the margin scheme will still apply, making these coins relatively appealing.
• This could lead to higher offers from traders like Holland Gold compared to today, providing a clear advantage for your silver coins.
• Even in the future, you will still be able to easily sell your silver coins.

Can I Still Buy VAT-Free Silver Coins?

Yes, you still have time to purchase silver coins without the 21% VAT.

Options After January 1, 2025:

• If you prefer to avoid VAT, consider purchasing silver bars with storage in countries like Switzerland or Singapore (outside the EU). These purchases are entirely VAT-free, allowing you to maximize the amount of silver for your money.
• The precious metals account also facilitates buying silver with storage in Switzerland, making it an attractive option.

For more information on VAT-free silver purchases, feel free to contact us.