New Platinum Bullion Coins and Bars
Synopsis
The sustained rise in gold, silver and prices is well documented over the last 10+ years, but one particular precious metal has been flying underneath the radar. Platinum is a metal which has been gathering interest as a result of its cheap price compared to gold.
VAT on Platinum
In the United Kingdom, the only precious metal exempted from Value Added Tax (VAT) is gold, with silver, platinum and palladium subject to 20% VAT. We do not usually promote new platinum bullion for investment because of the tax slapped on it, which removes much of the investment potential.
VAT-Free Platinum
We are now also able to offer VAT-free platinum deals in association with our partners in Zurich, Switzerland. This is similar to our VAT-free silver range, where your precious metal holdings are stored securely in a non-EU/UK jurisdiction.
We can only offer these platinum bullion products VAT-free with storage in Switzerland. You can take delivery but you may then end up paying the VAT, plus additional fees.
Platinum Coins for Sale
2024 Platinum Britannia 1 oz Bullion Coin
The 2024 platinum Britannia contains one ounce of fine platinum, struck in .9995 fineness. Whilst they are subject to VAT on delivery, they have the added bonus of being exempt from capital gains tax (CGT) as pound sterling coins.
2022 Platinum Britannia 1 oz Bullion Coin - Pre-Owned
The 2022 platinum Britannia was one of the final Britannia coins to feature Queen Elizabeth II. It contains one ounce of fine platinum and is struck in .9995 fineness. Whilst they are subject to VAT on delivery, they have the added bonus of being exempt from capital gains tax (CGT) as pound sterling coins.
2004 Entente Cordiale Piedfort £5 Platinum Proof Bullion Coin
The 2004 Entente Cordiale platinum proof coin was the first ever British coin to be issued in platinum and commemorates the 100th anniversary of Britain and France signing of the Entente Cordiale treaty. Each coin contains one ounce of fine platinum, struck in .9995 fineness.
Whilst they are subject to VAT on delivery, they have the added bonus of being exempt from capital gains tax (CGT) as legal tender pound sterling coins.
Platinum Bars For Sale
VAT Free Platinum 1Kg Bar Our Choice - Loco Zurich
For those looking for some of the cheapest platinum on the market, look no further than these VAT-free kilo platinum bars for storage. These bars come from our choice of refiner and will contain 32.15 troy ounces of platinum, struck in .9995 fineness. You can take delivery but you may then end up paying the VAT, plus additional fees.
VAT Free Platinum Coins – CGT Exempt
VAT Free Platinum 1oz CGT Exempt Coins - Loco Zurich
We can also offer CGT-exempt platinum coins for VAT-free storage too. These coins will be chosen on an 'our choice' basis, which may include Britannias or Queen's Beasts coins. All will contain one ounce of fine platinum, struck in .9995 fineness. You can take delivery but you may then end up paying the VAT, plus additional fees.
Pre-Owned Platinum Bullion
We do occasionally have 'second-hand' platinum bullion, which we can offer for sale on the special scheme, at premiums between 15% to 35% over the spot metal value. VAT is only paid on the dealer's margin, which means second-hand platinum is usually much cheaper than buying platinum new. More details can be found on our 'The Special Second-Hand Scheme' blog.
Any stocks of second-hand platinum we have are usually very limited. However, not all of our second-hand platinum bullion products are up on our website yet; contact us on 01253 343081 for more details.
Platinum vs Gold
Historically, platinum was more valuable than gold and commanded a higher price than the yellow precious metal. As of recent years, gold prices have superseded platinum prices and the gold:platinum ratio was comfortably over 2 until late last year.
Gold:Platinum Ratio
For those investors interested in the relative prices of gold and platinum, we provide our metals ratio page which shows an up to date ratio of gold to platinum. Click the drop-down button beside the graph and select 'gold to platinum'.
We believe it is a worthwhile measure, but would stress that it is difficult if not impossible to state what the ratio 'should' be. Obviously because this is a ratio, there are no units of weight or currency needed or quoted.
Demand for Platinum
Platinum isn't quite as popular as an investment metal when compared with gold and silver. In terms of jewellery and investment demand, platinum lags far behind both gold and silver.
Like silver, most of the demand for platinum comes from its industrial uses, in platinum's case specifically from the automotive industry. More information on platinum's industrial demand can be found on our Industry for Platinum article.
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