5g Platinum Bar : Pre-Owned Best Value
Out of Stock
Platinum is one of the rarest precious metals on earth. Harder to mine than gold and found in only a handful of countries worldwide, platinum has long been associated with quality, exclusivity, and industrial importance. For investors, platinum bullion offers a compelling way to hold a genuinely scarce physical asset.
Platinum's scarcity and its deep ties to global industry make it a distinctive choice for investors looking beyond the more traditional precious metals. Its price is influenced by both investment demand and the realities of industrial supply and use.
Gold Traders stocks a carefully selected range of platinum bullion coins and bars, from fractional sizes ideal for those starting out to larger weights suited to more substantial portfolio positions. We carry brand new and carefully authenticated pre-owned platinum, giving customers greater choice and often improved value.
All our platinum bullion is sourced through trusted supply chains, ensuring every piece meets strict standards for purity and presentation.
When you buy silver, platinum, or palladium bullion in the UK, Value Added Tax (VAT) can significantly impact the cost. Unlike investment-grade gold, which is VAT-exempt, these metals are normally subject to VAT at 20% when sold new.
The VAT Margin Scheme provides a way to reduce this cost when buying pre-owned bullion. Here's how it works: when a coin or bar is first sold as a brand-new product, VAT is charged in full. Once that VAT has been accounted for, the same item can later be sold under the Margin Scheme. In this case, VAT is only applied to the dealer's margin (their profit) rather than the entire metal value.
For you as a buyer, the benefit is simple - the overall price is lower, because you're not being asked to pay VAT a second time on the intrinsic metal content. The bullion itself is identical in weight and purity to brand-new items; the only difference is that it qualifies as pre-owned.
We've compiled a list of our most frequently asked questions. If there's something we haven't covered, please call us & we'll be happy to help. Read all FAQs.
The scheme applies to pre-owned silver, platinum, and palladium bullion. Gold bullion is already VAT-exempt, so it is not affected.
Because the full VAT was already accounted for when the coin or bar was originally sold as a new product. Under UK rules, it can then be resold on the Margin Scheme, keeping costs lower for the next buyer.
No. The coins and bars are exactly the same specification for weight and purity. The only difference is that they have previously been sold, allowing them to qualify as pre-owned. Pre-owned bullion may show signs of wear or handling, but its technical specification remains the same.
No. Under the Margin Scheme, VAT cannot be shown separately. It is included within the total price, but only calculated on the dealer's margin.
Not at all. When you sell your bullion, the buyback price is based on its metal content and weight, not on whether it was sold under the Margin Scheme.
Cost. Without it, you'd be paying 20% VAT on the full bullion price every time you bought silver, platinum, or palladium. The Margin Scheme ensures you don't pay VAT twice, making these metals far more affordable as an investment.
It's a system that allows dealers to charge VAT only on their profit margin, rather than the full value of the bullion. This is possible because VAT was already paid when the item was first sold as new.