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Silver coins are a great way to hold physical silver and are an extremely popular investment across the precious metals asset class. To accommodate this demand, BullionStar stocks an extensive range of investment grade silver coins produced by the world’s most prestigious and best-known mints and refineries including Australia’s Perth Mint, the Royal Canadian Mint, Britain’s Royal Mint, the Austrian Mint, and the famous US Mint.
The most popular investment grade silver coins sold by BullionStar are exempt from Singapore’s Goods and Services Tax (GST), which means when you buy silver coins from BullionStar, you do not pay any GST. GST exemptions apply to:
Investment grade silver bullion coins have a silver purity ranging from 0.999 to 0.9999, so they are essentially pure silver. Silver bullion coins are fabricated in a number of weight denominations with the most common weight being the 1 troy oz silver coin. The Chinese Silver panda coin is an exception as since 2013 it has been produced as a 30 gram coin (approximately 0.965 troy ounces). BullionStar’s best-selling silver coins include Canadian Silver Maple Leaf coins and Australian Silver Koala coins.
Some silver coins are produced in a wide range of weights, for example, the Perth Mint’s Silver Lunar is available in weights ranging from 1 kg, 10 ozs, 5 ozs to 2 ozs, while the Silver Koala and Silver Kookaburra are available as 1 kg and 10 oz silver coins. The Royal Mint’s Queens Beasts series of silver coins is produced in 2 oz and 10 oz weight denominations.
In general, premiums on large silver coins will lower than those on smaller silver coins, however, premiums on the popular 1 oz silver coins are generally low due to the high liquidity of the 1 oz coin size and the widespread demand for these coins.
Silver coins produced by the national mints such as the US Mint, Royal Canadian Mint and Royal Mint are legal tender in their country of issue. BullionStar also stocks a wide range of silver rounds, including an own brand BullioStar 1 oz silver round featuring iconic imagery from Singapore. Silver rounds are also exempt from Singapore’s Goods and Services (GST) tax.
The 1 troy ounce South African Silver Krugerrand is produced by the Rand Refinery (RR). Rand Refinery is world famous for their mintage of the South African Gold Krugerrand, which has been minted since 1967 and at one point accounted for 90% of the global coin market.
The South African Silver Krugerrand bears the same image from its' gold counterpart. The reverse of the coin features a Springbok antelope, the national animal of South Africa, along with the year of minting, face value and Silver weight. The obverse of the coin features Paul Kruger, South Africa’s first president, along with “South Africa” in Afrikaans and English.
Each 1 oz South African Silver Krugerrand investment coin has a diameter of 38.7 mm and is produced from 99.9 % pure silver.