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<p>[QUOTE="chrisild, post: 2935027, member: 39"]True, but quite a few government issues are bullion coins. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /> Here in the euro area that would be the Austrian Philharmonics pieces; all others are collector coins. For me, one important difference is that the issue price of the "Phils" is determined by the value of their silver content. Also, the issue volume is not pre-set but depends on the demand.</p><p><br /></p><p>Now Germany for example issues €20 silver coins (Ag 925) at face. Nice as you don't pay a surcharge, but of course that 20 euro price tag is above the value of the silver content on the date of issue. Also, their weight is 18 g, nothing that bullion fans would be interested in. Last but not least, the mintage is limited - generously (so the pieces are and will not be "rare") but fixed.</p><p><br /></p><p>When it comes to gold, things get a little complicated in the European Union, as "investment gold" is VAT exempt. Here is an <a href="https://ec.europa.eu/taxation_customs/business/vat/eu-vat-rules-topic/special-schemes_en" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://ec.europa.eu/taxation_customs/business/vat/eu-vat-rules-topic/special-schemes_en" rel="nofollow">overview</a> (search for the word "minted" on that page). To make things easier, the EU publishes a list of exempt gold coins every year; the list for 2018 is <a href="http://eur-lex.europa.eu/legal-content/EN/TXT/HTML/?uri=CELEX:52017XC1111(01)&qid=1513293923676&from=EN" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://eur-lex.europa.eu/legal-content/EN/TXT/HTML/?uri=CELEX:52017XC1111(01)&qid=1513293923676&from=EN" rel="nofollow">here</a>.</p><p><br /></p><p>The list is not exclusive; other coins may meet the exemption criteria too. Not that any American would or should care <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie2" alt=";)" unselectable="on" unselectable="on" /> but that is another important factor around here when it comes to differentiating between investment gold coins and other gold pieces ...</p><p><br /></p><p>Christian[/QUOTE]</p><p><br /></p>
[QUOTE="chrisild, post: 2935027, member: 39"]True, but quite a few government issues are bullion coins. :) Here in the euro area that would be the Austrian Philharmonics pieces; all others are collector coins. For me, one important difference is that the issue price of the "Phils" is determined by the value of their silver content. Also, the issue volume is not pre-set but depends on the demand. Now Germany for example issues €20 silver coins (Ag 925) at face. Nice as you don't pay a surcharge, but of course that 20 euro price tag is above the value of the silver content on the date of issue. Also, their weight is 18 g, nothing that bullion fans would be interested in. Last but not least, the mintage is limited - generously (so the pieces are and will not be "rare") but fixed. When it comes to gold, things get a little complicated in the European Union, as "investment gold" is VAT exempt. Here is an [URL='https://ec.europa.eu/taxation_customs/business/vat/eu-vat-rules-topic/special-schemes_en']overview[/URL] (search for the word "minted" on that page). To make things easier, the EU publishes a list of exempt gold coins every year; the list for 2018 is [URL='http://eur-lex.europa.eu/legal-content/EN/TXT/HTML/?uri=CELEX:52017XC1111(01)&qid=1513293923676&from=EN']here[/URL]. The list is not exclusive; other coins may meet the exemption criteria too. Not that any American would or should care ;) but that is another important factor around here when it comes to differentiating between investment gold coins and other gold pieces ... Christian[/QUOTE]
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