Bullion coin

Bullion coins ( bullion coins) are bullion coins that were minted in large quantities, and are designed to speculation on the precious metal value or as an investment property. Bullion coins are made ​​of gold according to EU Directive 98/80/EG1 as investment gold.

Background

Bullion coins are made of precious metals gold, silver, platinum and palladium with a high fineness. An important feature is in addition to a predominantly uniform appearance, that the premium is low on the metal value with which they are sold. It results only from the cost of minting the coins, which is more expensive than the casting of ingots, as well as their distribution. In contrast, with collector coins of rarity in the foreground, which may be substantially higher than the pure material value. Bullion Coins unite so that the benefits of bullion and coins, which is why they are also called bullion coins or short Bullions (English for bars). The valuable bullion coins should not be confused, however, with the lesser value Billonmünzen.

Most bullion coins carry, in addition to the motifs, a nominal specify a currency, often also a weight and fineness specified. The currency denomination is specified on the issue date always significantly lower than the precious metal value of the coin according to the current market price. The embossed Rating Declaration identifies the coin as " issued by an official body ", since only state-authorized mints have the right to mint a currency denomination of the coin, which at the same time a distinction to the medals is given. Thus, they are also legal tender in the rule. However, they are generally not used for payments imposed nominal value, as the precious metal value is normally much higher.

The bullion coins can be distinguished in two ways: Once these are the modern Restrikes former Kurantmünzen with their old currency nominal terms in former purchasing power, most of which were nachgeprägt also with the old dates, and on the other are the modern Münzneuschöpfungen. The latter can again be made as Bimetallausführungen and according to the general erosion of purchasing power of all national currencies have now imposed a higher nominal value specified as possibly their historical predecessors.

Examples:

• Historical Nachprägung: 100 Austrian gold crowns 1915 = 30.4875 grams Fine weight
• Modern new creation: " Vienna Philharmonic " = 100 € = 31.1035 grams Fine weight (1 ounce )

Both Anlagemünztypen (which are based on the price of the relevant precious metal itself ) in banks and in precious metals trading sold to daily updated switch courses. Common modern denominations are 1/10, ¼, ½ and 1 oz as well as the larger sizes of 2, 5, 10 oz and 1 kg.

As for the motives, the market splits into two camps: collectors of coins are interested in different variants, this group is served by many mints that offer annually changing motifs to achieve an enhanced demand. From the perspective of pure precious metal plant this is more of a hindrance because the level of awareness and recall value drops drastically. Investors who want to hedge their assets in the event of a currency crisis, should gold and silver coins prefer whose pictures have remained the same since the first year of issue. The gold coins are the Krugerrand, for example, Maple Leaf, the Vienna Philharmonic and the American Gold Eagle, with the silver coins, for example, Maple Leaf and American Silver Eagle and since 2008 the Vienna Philharmonic. A compromise are special editions proven standard coins with different Privy Marks, small additional motif, colored applications, holograms, etc. which do not affect the recognition value, but increase the scarcity value.

Significant investment in gold coins

American Buffalo | American Gold Eagle | Eagle Andorra | Britannia | Cook Islands | Dukat ( Restrike ) | Goldmark | Krugerrand | Libertad | Maple Leaf | gold coin | Helvetia | Lunar | Nugget | Orzel bielik | Panda | Sovereign | Tscherwonez | Wiener Philharmoniker

Significant investment in silver coins

Silver Eagle | Eagle Andorra | Noah's Ark | Britannia | Canadian Wildlife | Cook Islands Coin | Cook Islands mintbar | kangaroo | Koala | Kookaburra | Libertad | Lunar | Maple Leaf | Panda | Philharmonic |

Significant investment coins in platinum

Koala | Cook Islands | Maple Leaf | Panda | Platypus | American Platinum Eagle | Platinum Noble

Significant bullion coins in palladium

The market for bullion coins made ​​of palladium is very small and strong dependence on the industrial demand also volatile. He is operating since 1989 with irregular coins in a few countries such as Russia ( Ballerina ), China ( panda ) and Australia ( Emu ). Except for the ballerinas all the coins were minted in conditions well below 10,000. The coins are therefore usually not near the metal price ( plus VAT) traded, but sometimes very much about it.

Only the palladium versions of the Maple Leafs (since 2005 ) and the Cook Islands Bounty (since 2009) are clearly not addressed by their large circulations and their simple constant annual motif on the collectors' market.

VAT

Bullion coins are in accordance with Council Directive 77/388/EEC of 17 May 1977 in principle to VAT.

As amended by Directive 98/80/EC of the Council of 12 October 1998 ( announcement of the list of persons exempt from VAT pursuant to Article 26b bullion coins letter A ii ) in the Official Journal of the European Union under ABL. EU 2005 No. C 300, p 10) However, they may be exempted from VAT.

This exemption applies only to gold coins and only under certain conditions: the coin must

A list of the coins that meet the criteria will be published annually in the Official Journal of the European Union. In Germany, according to § 25c UStG all the gold coins that meet the above four criteria, exempt from sales tax.

The purchase of palladium and platinum coins is full to VAT in Germany. For most silver coins was valid until 31 December 2013 the reduced rate of 7%. Since then matured with the adaptation to European law, the full 19%.