Royal Mint 1kg .9999 Silver Bullion Bar
Royal Mint silver kilo bars in pre-owned condition available at competitive prices from The Britannia Coin Company of Royal Wootton Bassett.
Royal Mint Bullion
The Royal Mint has a strong background in the production and refining of precious metal bullion bars, with their products being well-known for their high quality and collectability.
Historically, the Mint refined its own metal, but in 1848 a Royal Commission recommended the separation of the Mint's roles in coin striking and metal refining. This led to the establishment of the Royal Mint Refinery and it becoming an external, independent agency of the Royal Mint. The buildings and equipment were leased to Anthony de Rothschild, and for the next 115 years the Rothschild family owned and managed the refinery. This arm of the business was sold to Engelhard in 1967, and when the Mint moved its operations to Llantrisant in 1968 it ceased its bullion bar interests.
After 47 years, the Royal Mint resurrected the 'Royal Mint Refinery' brand in January 2015, with the release of a selection of RMR-branded bullion bars in gold, silver and platinum. These bullion bars have no connection to the Rothschild RMR bars made between 1852 and 1967. The RMR brand has now been discontinued by The Royal Mint, with their bullion bars now depicting the Mint's present-day logo.
Buy Royal Mint Silver Bars
Silver kilo bars from the Royal Mint Refinery can be a great option to diversify an investment portfolio or to add to a silver stack. Each cast bar is made using 0.999 fine silver and contains 32.1507 troy ounces of the precious metal.
Cast bars, such as these Royal Mint silver bullion bars, are not made to exact specifications. Guideline dimensions would be around 118.00 mm x 54.00 mm, comparable to a bank card found in your wallet but about 35mm longer. They're usually around 16.00 mm thick.
|Dimensions (mm)||118.00 x 54.00 x 16.00|
|Gold Content||32.1507 troy ounces|
The vast majority of silver bullion bars come in rectangular shapes. Storing them is fairly straightforward, with them fitting neatly inside home safes, under the floorboards on in safe deposit boxes. However, they take up much more storage space compared to gold bullion.
VAT On Silver Bars
Silver bullion is liable for VAT in the United Kingdom at the standard rate, which at the time of writing is 20% (January 2023). VAT will have to be paid if you wish to take physical delivery of silver. This puts a hefty mark-up on new silver products, which seriously dents the investment potential on the precious metal. However, there are ways to get around this inconvenience.
Pre-owned silver bars can benefit from the margin scheme (special scheme), which allows for second-hand goods to be exempt from the standard rate of VAT being applied to its total value, since this has technically already been paid when it was sold new. The standard rate of VAT is applied to the profit margin, which is a negligible amount.
More can be read about this in our Guide to VAT on Gold & Silver Bullion article.
Cheap Silver 1kg Bars
Investment silver 1kg bars such as these pre-owned Royal Mint bullion bars are offered loose, without any outer packaging. Silver kilo bars are almost always produced in a cast form, which helps to keep the premiums on them low. Although it's possible to find some in a 'minted' form, they're not as common as cast bars and often command higher premiums.
'The Royal Mint is internationally recognised as a highly reputable bullion refiner and not just a producer of legal tender coins. Their 1kg silver bars are a great investment choice.'
Are Silver Bars A Good Investment?
Purchasing silver kilo bars is one of the most popular ways to physically own the precious metal, being recognised worldwide and having low premiums over the live silver price.
Silver can be a great investment at the right time, with some investors opining that it has more speculative potential than gold. Silver tends to be more volatile than gold, which means silver prices tend to move more in percentage terms when compared to gold. This suits certain investors who wish to further diversify their portfolios with a more 'adventurous' precious metal.
Here are some of the top reasons to buy pre-owned 1kg silver bars:
- Special Scheme - VAT is only payable on our profit margin, allowing us to offer these bullion bars at really low prices
- Worldwide Recognition - Silver kilo bars are traded all over the world, making them easy to liquidate in the future
- Speculation - silver is seen as having more potential to make bigger gains than gold
- Low Premiums - 1 kg silver bars are sold at a competitive premium above the live spot price and are often cheaper per ounce than silver coins
- Authenticity - Royal Mint silver 1 kilogram bars are stamped with the refiner's logo and a unique serial number
- Security - our team of experts has examined each bar using an XRF machine to guarantee it's genuine
Buying Pre-Owned Silver
Pre-owned silver bars are the go-to option if you're looking for the cheapest prices on silver bullion. All second-hand silver products offered by The Britannia Coin Company are sold through the special scheme for VAT, which is generally cheaper than buying silver in new condition.
'We acquire these bars from the secondary market, which allows us to offer them at extremely low premiums. An added bonus is you only pay VAT on the dealer's margin, which gives the customer massive savings compared to purchasing new silver.'
Some of these Royal Mint silver bars may have very slight blemishes, which is to be expected with second-hand bullion bars, however we guarantee that all these bars will contain exactly one kilogram of pure silver.
We are always proud to show off our previous customers experiences with you and what they thought of our purchasing through with Britannia Coins.