Investing in Silver

Silver Index

Silver Bar - Argor Heraeus

VAT on Physical Silver
Although investment gold can be bought exempt from VAT in the UK and EU, the same does not apply to silver, platinum or other metals. If you wish to take physical delivery of silver, there is VAT to pay. This page summarises information collated from various other pages of our website in an attempt to explain clarify and compare what options are available to the UK or EU resident wishing to invest in silver.

• Futures
  It is possible to buy and sell silver on various commodity markets either for 'spot' or for various future dates. We do not offer commodity broking services.
• Silver Bars
  It is possible to buy silver bars in various sizes from 5 grams up to 1,000 ounces. The very small sizes are normally made only as collectors or gift items. Large bars are 1,000 ounces, currently we do not actively deal in these, but are in process of setting up this service. We do stock and deal in small bars, 1 kilo being the most popular, but we also offer 5 kilo, half kilo, quarters when available. We cannot usually get enough of these small bars, and find demand from collectors and for gifts takes up most of our supply.
• Silver Bullion Coins
  Silver bullion coins are more expensive to produce and buy than bars, new ones attract VAT, second-hand supplies are limited, but this is one way for small investors to purchase physical silver bullion. US eagles or Canadian maples are usually the least expensive, but other coins are more attractive.
• Second-hand Silver Bullion Coins
  If these come to us from private (non-VAT registered) sellers, then we can resell them without charging VAT, except on our margin, but supplies of second-hand silver bullion coins are limited.
• Scrap Silver Coins
  We now make a market in scrap silver coins, but demand has rapidly outstripped supply.
• Overseas Delivery
  Theoretically, we could arrange to deliver silver bullion to offshore locations, such as the Channel Islands, but in practice, you would need to have a bank or similar which could provide you with storage facilities. We do not have any offshore branches or storage facilities.
• VAT Registration
  If you are VAT registered, you could purchase them and reclaim the VAT, but would have to recharge it upon sale, but this would neutralise the VAT element. We advise you to check and confirm this with your local VAT office before proceeding with this.
• VAT Registered Company
  If you have a VAT registered company, the company could purchase them and reclaim the VAT, but would have to recharge it upon sale, but this would neutralise the VAT element. We advise you to check and confirm this with your local VAT office before proceeding with this. In addition, any profits would probably belong to your company, unless you had a contract between you for the company to hold and store the silver on your behalf. You advise that you check and confirm this with your accountant or local tax office before proceeding.
• Current Best Deal
  In our opinion, currently the best practical way to invest in physical silver is One Kilo Silver Coins of Our Choice

Spot Silver Prices
Please see our live silver prices page.

Investing in Gold
For information about investing in gold, please see the investing in gold pages on our Tax Free Gold website.

Order Form - UK
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Order Form - EU
Order Form - Rest of World

If you have an enquiry about our Silver Coins,, we'd be happy to answer you, but please note it may be quicker to telephone us. Please see the Contact Us page of our website.