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Buying 1 troy ounce silver coins at The Silver Mountain
At The Silver Mountain, you can purchase 1 troy ounce silver coins at the current silver price. Prices on our website are updated automatically every three minutes. You can choose to pick up your silver coins, have them shipped to you with insurance, or opt for storage.
The most common silver coins are all minted in 1 troy ounce (31.103 grams) of pure silver. These coins are popular among both collectors and investors in physical silver. Each year, tens of millions of the silver Maple Leaf, the Vienna Philharmonic, and the Britannia coins are sold.
Why should I buy silver coins
Silver coins, unlike silver bars, are traded under the margin scheme. The margin scheme is a special VAT regulation that can be applied to the trade of 1 troy ounce silver coins. Under this scheme, VAT is not calculated on the full sale price but only on the dealer's profit margin.
This means that VAT is only applicable to the difference between the purchase price and the sale price. For this reason, as an individual, you are better off buying 1 troy ounce silver coins compared to silver bars.
Which silver coin to buy
Within our assortment, we have newly minted 1 troy ounce silver coins and pre-owned silver coins. For new coins, part of the production costs is included, whereas pre-owned coins are bought back from customers who previously purchased them from us (or elsewhere).
These pre-owned coins are more cost-effective for us to purchase, allowing us to offer them at a lower price. The production costs have already been accounted for in the initial purchase. For this reason, when investing in physical silver, it is better to buy pre-owned 1 troy ounce silver coins.
Sell silver coins
At The Silver Mountain, we offer full service. You can always sell your 1 troy ounce silver coins to us in the future. This process is handled through Inkoop Edelmetaal, a subsidiary of The Silver Mountain.
Our purchase prices are determined based on a set formula linked to the most current silver price.
1 troy ounce
One troy ounce is a unit of mass commonly used in precious metals trading, particularly for gold, silver, and other precious metals. It is equivalent to approximately 31.1035 grams. The term "troy ounce" is used to distinguish it from the more common avoirdupois ounce, which is slightly heavier.
VAT on silver
Silver is a valuable precious metal that attracts significant attention from both investors and collectors. It is essential to be aware of the tax regulations that apply, particularly the VAT (Value Added Tax). In the Netherlands, VAT on silver is treated differently than on gold, which can have a substantial impact on your investment.
Coin series
You can purchase 1 troy ounce silver investment coins from us, as well as choose from a wide selection of 1 troy ounce silver collector coins. Collector coins often have a limited mintage, special quality grade, and/or unique design. Some well-known collector series include the silver Lunar, Koala, and Kookaburra coins.
Frequently asked questions about 1 troy ounce silver coins
How does the margin scheme work for 1 troy ounce silver coins?
The margin scheme for silver coins is a special VAT arrangement applicable to silver coins. Under this scheme, VAT is calculated based on the dealer's profit margin rather than the full selling price of the coins. This means the dealer pays VAT only on the difference between the purchase price and the selling price, which is advantageous for both the dealer and the buyer.
The price you see for silver coins is the price you pay. However, for silver bars, an additional 21% VAT applies if purchased by a private individual, on top of the displayed price.
Buying new or pre-owned 1 troy ounce silver coins?
For newly minted 1 troy ounce silver coins, a portion of the production costs is included in the price. Pre-owned coins, on the other hand, have been repurchased from customers. The production costs for pre-owned coins have already been factored into the initial purchase, allowing us to offer them at a lower price.
In the future, we will maintain the same bid price for both newly minted and pre-owned coins. Therefore, for a future sale, whether you buy pre-owned or new coins will not make a difference.
Does the producer/mint still make a difference in my purchase or future sale?
In short: no. The silver investment coins we offer at The Silver Mountain come from globally recognized producers. These silver investment coins have a strong reputation and are tradable worldwide.
Additionally, in the future, we will offer a fixed percentage based on the prevailing silver price for your 1 troy ounce silver coins. We do not differentiate between a Silver Maple Leaf or a Silver Kangaroo.
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