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How to buy silver coins in UK

silver bullion uk coins

Latest update
2022 – business / web site and collections are being offered for-sale.

All information contained herein is editorial, experience and opinions, it should not be ascertained as personal investment advice. Our primary business is assisting private and trade purchases or sales of silver coins and bullion here in the UK. Since we are not affiliated to any one commercial organisation, nor do we sell large quantities of silver ourselves, we are free to report on and assist you with all aspects of the silver trade.



2020 Britannia 1 ounce silver bullion coins Physical coins which you own in your possession. Britannia £2 silver coins are legal tender in the UK and is therefore Capital Gains Tax Free, CGT Exempt. The UK Mint Britannia coins contain one Troy ounce of fine 999 silver bullion.

A cautionary note regarding VAT free silver coins for storage outside the UK: Personally, I would be cautious of the value and investment potential offered by bullion dealers who are providing ‘vat free silver coins for overseas storage‘ or ‘reduced premium silver coin prices’ for allocated overseas storage. This form of holding silver means that you do not physically have possession of the silver bullion coins yourself. Hence when you want to re-sell the silver coins you are:

A/ restricted who you can re-sell the silver to, meaning you’ll probably only get close to spot price, loosing most if not all of any premium you’ve paid for coins.

B/ If you want to actually take physical delivery of the silver bullion coins so that you can re-sell on the open market, you may then incur the additional 20% VAT if you want to take actual delivery and ownership in the UK, plus shipping cost! see notes below for more information.

Silver stacking context: As a fellow silver bug and silverstacker I have compiled useful information learned from my own experiences collecting silver bullion coins and bars since 2009 when I purchased my first significant batch of Sterling 925 silver bullion coins. More silver stacking followed in 2011, although with silver doubling in price from around £10 per ounce to over £21 per ounce, I was then paying around £29 per ounce for the China Mints 3-999’s silver Panda coins to join my existing collections of older pre-1920’s .925 Sterling silver.

2014 experienced good silver bullion demand and historically low spot prices with further purchases of VAT free silver; the 2014 limited issue privy editions £2 bullion Britannia which the UK Mint initially released to the VAT free USA and European wholesale bullion trade and wholesale coin markets.

In 2011 with silver at £21 / $27 per ounce – there was strong interest and growing demand for real physical silver bullion. What followed was almost constant short selling of paper derivatives and paper futures contracts on the comex market which constantly drove the spot silver price back towards the £10-£13 ($13-$16) levels, ultimately creating another unique opportunity to accumulate physical silver at historically attractive prices.

My Silver price predictions for 2020 – 2021price guesstimates are just a personal target!
Silver prices in 2020 look to be resuming the physical silver bull market as prices re-break the trend line and cleared $16.80 – there’s a lot of clear chart space above for silver to re-gain a more respectable 80/1 ratio and longer term targeting historical silver/gold ratios silver would still represent good value compared to it’s physical mining ratio which is around 11/1.

At $1500 gold – a relatively modest 70/1 ratio makes silver valued at over $21 per ounce.
With silver mined and found naturally in the ground at a ratio of 11/1 – I believe we will once again eventually see physical silver bullion trade over its $50 previous high.

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With the growing popularity of the newer .999 pure silver bullion coins It can appear a complex market when it comes to sourcing these silver bullion coins in GB at a fair price in relation to the silver spot price and that’s before UK dealers add in their selling margins and the VAT! Buying silver bullion coins from dealers with secondary market lower taxed silver, dealers in lower tax jurisdiction locations or even better directly from fellow private silver investors who are looking to sell directly is usually the best way to find the lowest costs per ounce.

Buying silver bullion coins at best per ounce prices

Tip No.1 – keep it simple, trade direct, deal with trusted sellers with reliable reputations supplying fair priced silver bullion coins. Silver is a natural element symbol Ag. which has performed a perfect role as a natural, reliable, trusted form of money for over 4000 years, enabling people to conduct trade directly between buyer and seller, person to person. Aim to eliminate as much of the supply chain and complexity from buying your silver coins as possible and you’ll discover how to lower your overall silver costs per ounce.

Tip 2. Silver Premiums always disappear with time, in the long run most value investors tend to price silver in relation to the spot market bullion price plus a reasonable coinage premium. Unless the coins are really scarce and sought after, the lower the initial premium bullion you pay, the higher your gain on resale. As a general rule you will make more money on silver bullion from buying coins as close to ‘bullion spot’ as possible, than simply hoping that a huge rally in silver prices will help you recover higher priced, taxed premium coins.

Britannia 2 Pounds .999 fine silver bullion coins

The silver market has evolved a lot over the last 10 years with plenty of new releases joining the pure 999 silver scene! I’ve got some exciting projects underway to help fellow silver-stackers gather accurate up to date information as well as share my insights into buying silver at the best possible prices whilst always keeping a fine eye on what to buy and just as importantly how and where and to re-sell your silver coin investments without loosing a good proportion of your investment to taxes, commissions and selling fees!

2022 Silverhubs

As we develop CoinsUK SilverHubs further, there’s lots of silver knowledge and trading tips that I’m alway happy to share and help fellow UK coin buyers with, as more than ever in 2022 the silver bullion market has huge choice and price variation. The good news is that it really doesn’t need to be complicated, keep things simple, gather and share trusted information, experience and sales facilities – all things I’m working hard to share whilst I work with both the silver industry and retail to improve silver’s appreciation and hopefully a steady return to more awareness for silvers true role as the ultimate global ‘sound money’ and store of value.

UK Royal Mint CGT free Britannia fine .999 silver bullion 2 pounds coin

UK Mint Britannia £2 silver bullion coins

COINSUK offer you a fast assured low cost source for your UK silver bullion coins. We have bulk silver bullion available for fully insured, free next day delivery. Assured quality checked and official Mint distributor sourced silver bullion coins.

Taking delivery of physical silver bullion saves storage costs & counter-party liabilities

There’s a saying in precious metals forums – “If you don’t hold it – you don’t own it!”
Whilst the lure of VAT free offshore stored silver coins and bars sounds appealing, it usually comes with a couple of significant catches; 1. There’s a monthly storage fee & 2. If you ever want to physically get hold of your silver in times of financial turmoil, they’ll be extra shipping costs as well as any relevant vat and taxes to pay once you opt to take delivery. Most ‘allocated platforms’ also have fees or a buy/sell spread.

The simplest, safest way to buy and hold silver bullion is to buy popular internationally recognised Minted coins which are easy to re-sell, small units of easily tradable silver like Britannia, Krugerrands, Dragon bars etc. Buy from a non registered or VAT free seller and take physical ownership at the lowest cost per silver ounce you can secure.

2 thoughts on “How to buy silver coins in UK

  1. At coinsUK we update our silver information articles and blogs regularly so that you are always getting the latest current information and assessments of the silver bullion and coin market. Latest silver prices and 2020 market opinions updated, 29-January-2020. ©CoinsUK

    We are always pleased to hear your own thoughts and opinions about silver, coins and bullion investments. Please feel free to get involved and share your thoughts on the CoinsUK blog during what looks well set to be an exciting 2020 for the silver industry.

  2. October 2020; spot now around £19 UK or $24 US. That should equate to re-selling your own silver bullion at around £24 per ounce, i.e aprox 25% over spot.
    Dealer trade priced silver currently priced in the region of £25.75 – £27.75 per ounce dependant on type and scarcity. Premiums are reducing a little, as mint supplies resume, although still somewhat limited.

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