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New Platinum Bullion Coins and Bars

Author: Corey McDowell - Economics Editor

Published: 26 Oct 2020

Last Updated: 20 Jan 2021

Synopsis

The sustained rise in gold, silver and palladium prices is well documented over the last seven 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 low price compared to gold and palladium, and as a result we now feel the time is ripe, or even overdue, for us to extend our platinum offerings.

We are currently working hard to get these products live on our website. Make sure to sign up to the stock alerts further below to get notified when we get these platinum bullion products in stock!

Platinum Bars For Sale

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 in the process of offering 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

2021 Platinum Britannia 1 oz Bullion Coin

The 2021 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.

Unlike its gold and silver counterparts, the 2021 platinum Britannia does not have the new security features which are present on the gold and silver coins.

Qty Chards (Excl Delivery) Chards (Inc Delivery) RM
2 £1,068.80 £1,072.30 £1,072.67
5 £1,063.94 £1,065.74 £1,070.52
10 £1,061.52 £1,062.82 £1,068.27

Updated At: 21-Jan-2021 04:30

2021 Queen's Beasts Lion of Mortimer 1 oz Platinum Bullion Coin

This latest release in the Queen’s Beast bullion coin series 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.

Qty Chards (Excl Delivery) Chards (Inc Delivery) G* RM
1 £1,069.46 £1,075.46 £1,178.40 £1,086.85
2 £1,067.03 £1,070.53 £1,178.40 £1,083.24
5 £1,062.17 £1,063.97 £1,171.56 £1,079.52
10 £1,059.74 £1,061.04 £1,171.56 £1,064.87

Updated At: 21-Jan-2021 04:24

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. 

Qty Chards (Excl Delivery) Chards (Inc Delivery) RM
1 £26,833.52 £26,833.52 £28,153.20

Updated At: 21-Jan-2021 04:22

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 is now comfortably over 2.

We hope to write up an article comparing gold and platinum in depth in the near future.

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.

Further Reading

The Industry for Platinum

Britannia on Platinum Coins

Platinum Bullion For Sale

This guide and its content is copyright of Chard (1964) Ltd - © Chard (1964) Ltd 2021. All rights reserved. Any redistribution or reproduction of part or all of the contents in any form is prohibited.

We are not financial advisers and we would always recommend that you consult with one prior to making any investment decision.

You can read more about copyright or our advice disclaimer on these links.