Buy Silver
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Frequently Asked Questions
Common Questions When Buying Silver
Buying silver online from Lois Bullion is straightforward and secure. Start by registering an account on our Investor Registration page to streamline your checkout process. Browse our selection of silver coins and silver bars to find the products that suit your needs. Add your chosen items to your basket, complete the checkout process with our secure payment options, and receive your order with fully insured delivery for peace of mind.
Yes, you can purchase silver directly at our Birmingham silver shop, located in the heart of Birmingham’s renowned Jewellery Quarter. Our friendly team is here to assist you in selecting the perfect silver products to meet your investment needs. We also offer complimentary parking for customers in our secure car park at the rear of the shop. Feel free to visit us during our opening hours for a convenient and personalised experience.
Lois Bullion
41 Frederick Street
Jewellery Quarter
Birmingham
B1 3HN
Open Hours:
Monday to Friday: 9 AM – 5 PM
Saturday: 9:30 AM – 2:30 PM
Silver is an accessible and versatile precious metal, offering a lower entry point compared to gold while providing similar investment benefits. It is often seen as a hedge against inflation and a way to diversify investment portfolios. Silver also has industrial applications, which can influence its value, making it a dynamic option for investors.
Choosing between silver coins and bars depends on your investment goals. Silver bars are a straightforward option for investors looking to add weight to their portfolio, offering a wide range of sizes to suit various budget levels. Silver coins, on the other hand, often carry a higher premium due to their design and collectability but may offer greater flexibility when it's time to sell. Both are excellent choices for diversifying your portfolio.
Proper storage is essential to maintain the value of your silver investments. You can store your silver at home in a secure safe or use a professional vault storage service for added security. Ensure your chosen storage option protects against tarnishing by keeping silver in a dry, temperature-controlled environment to preserve its condition.
Silver is subject to Value Added Tax (VAT) in the UK, which means you will pay VAT on your purchase. However, some products, such as CGT Exempt Silver Coins, may offer tax advantages when selling, as they are exempt from Capital Gains Tax (CGT). Understanding the tax implications ensures you make informed investment choices.
Yes, you can buy silver without full VAT if purchasing second hand silver on the margin scheme. This can significantly reduce the total price you would pay when buying silver and should be considered when looking to invest.
The margin scheme allows dealers to sell second hand items without charging full VAT. The VAT is only paid on the profit the dealer makes.
Yes, silver coins minted by The Royal Mint with Legal Tender status are Capital Gains Tax exempt. At Lois Bullion we have a range of Capital Gains Tax free silver.
