Coin bars
A coin bar is a bar made of precious metal that is also legal tender .
history
Coin bars were originally "invented" and cast for tax reasons. Since the purchase of conventional silver bars in Germany is charged with the full VAT rate , but silver coins with a reduced VAT rate until the end of 2013, the idea of casting precious metal bars and implementing them as legal tender with a corresponding stamp arose a few years earlier . This enabled buyers to purchase coin bars at a lower final price than conventional precious metal bars.
Since coin dealers have been able to tax the sale of silver coins and silver coin bars with differential taxation since the beginning of 2014 after the abolition of the reduced VAT rate , the final prices for buyers of silver coin bars are still mostly lower than the final prices for conventional silver bars.
Issuers
For example, coin bars were issued by Andorra , the Cook Islands and the Fiji Islands .
Individual evidence
- ↑ a b c Michael Brückner: When bars become coins. In: The world . October 24, 2010, accessed September 27, 2016 .
- ↑ Tax increase on silver coins - attention savers: Now the state is making silver more expensive. In: Focus . June 14, 2013, accessed September 29, 2016 .
- ↑ Sara Zinnecker: Taxes on precious metals: If you want silver, you don't have to buy one. In: Handelsblatt . November 5, 2013. Retrieved September 29, 2016 .
- ↑ a b Less is more - Umicore coin bars with only 7% VAT! ( Memento from August 21, 2012 in the Internet Archive )
- ↑ Differential taxation instead of a VAT increase for silver / So the silver coin remains cheap in 2014 as well. In: Finanz.net . November 27, 2013, accessed October 7, 2016 .
- ↑ Fiji coin bars: alternative to silver bars and silver coins. In: goldreporter.de. March 7, 2016, accessed September 27, 2016 .