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Tax Free Gold CoinsNo VATThere is no VAT to pay when you buy investment grade gold. This is gold of at least 22 karat in purity and in the form of a coin or bar. This is a great advantage over silver and platinum, both of which attract VAT. With VAT set to increase to 20%, this represents a great head start. No Capital Gains or Income TaxUnlike gold mining stocks, there are no dividends when holding gold coins, so no income tax to worry about. There is no Capital Gains Tax (CGT) to pay when a UK resident sells Royal Mint Sovereigns, Britannias or Angel gold coins at a profit, as these coins are classified as legal tender. This contrasts with many alternative investments that attract income or capital gains tax. With UK gold coins an investor gets to keep all their profit, further enhancing returns. Liquidity/FlexibilityAll the tax free coins we source are globally renowned and of the highest quality. We do not sell obscure collectors coins, so it is always easy to sell gold when you need. The fact that your tax free portfolio consists of coins rather than one large gold bar provides flexibility to sell just one of the coins or any part of the portfolio at any time. Limited SupplyThe market supply of these coins is limited to those issued historically and the new coins minted each year by the Royal Mint. Currently Sovereigns are limited to 75,000 minted each year. Not Just Intrinsic ValueThe value of these coins consists of both the intrinsic value of its gold content, plus the additional premium the coin demands. Therefore their value is above that of a similar amount of gold in bar form. The size of the premium will depend on various factors including the condition of the coin, its rarity, design, age, and collector's demand. The gold content of bullion coins is at least 900 parts pure gold to every 1,000 parts. This equates to approximately 22 karats. This compares to the typical proportion of gold found in high-quality jewellery of 18 karats, or 75% precious metal content. Less VolatileThe market value of the coins fluctuates less than the spot gold price due to the additional premium balancing out any volatility in the gold price. Semi-Numismatic vs Bullion CoinsMost investment takes place in bullion coins as they offer better value to the investor and enhanced liquidity. Certainly newer Sovereign and Britannia coins will be of a better condition than older coins of 100 years old or more, and they have less historical or collector's value, so you get more gold for your money. An alternative is to invest in semi-numismatic (older) coins, which will be of varied and selected quality, but will have the additional value of their scarcity and collectability. These are sometimes more difficult to source, depending on the buyer's requirements and the particular coin, but can present a satisfying feeling of holding a part of history. Their value is also a function of age, motif, rarity, condition, and the supply and demand of the international markets. Their material value may be of secondary importance. Portfolio HedgeGold coins provide balance to a portfolio which may also include property, cash savings accounts, equity/cash ISAs, shares, or bond holdings. With many of the traditional paper assets tending to move in a similar direction, economic downturns can be particularly punitive to the traditional investor. Paper-backed assets are "promises" of ownership, whereas physical gold offers real ownership. As a tangible asset with intrinsic value, gold provides safety, security, and a totally unique asset class which benefits every investor. Click Here for Your Free Gold Investment GuideWant to know more?Our team of experts specialise in helping you select the best tax free gold coins to purchase. CALL NOW on 0845 643 4321 to obtain live up-to-the-minute prices and guidance on which coins are the best value, combine well together and are the most liquid to sell. Alternatively click on the Got a Question box below to arrange a call back or email us. |
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