Frequently asked questions (FAQ)
Here you will find answers to the most frequently asked questions about our services and precious metals trading with Degussa. If you still have any questions, you can reach us at any time via our contact form.
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So-called circulation gold coins are coins that were previously used as a means of payment. As a result, they often show typical signs of wear. Many of these coins were minted in such high quantities that today – provided they are in good condition – they are also traded as popular investment coins. Examples of circulation gold coins include the 20-mark gold coins of the German Empire, Austrian ducats, crowns and florins, British sovereigns, as well as Dutch gold guilders.
Product information
So-called “bullion coins” (1-ounce gold coins such as Vienna Philharmonic, Krugerrand, Maple Leaf, China Panda, American Eagle and Buffalo) usually bear the minting year of the current issue and are in mint condition.
For smaller denominations, the images are representative of the respective coin type. Years or design variations are supplied depending on availability. There is no entitlement to a specific year. This also applies to the circulation gold coins we offer. Coins from the numismatics category are, of course, excluded from this.
Our bars are produced on behalf of Degussa Goldhandel GmbH by LBMA-certified manufacturers.
Degussa currently does not have its own production facilities for precious metal bars. Our aim is to offer our customers precious metal investments of the highest quality at attractive prices. For this reason, our bars – bearing the globally recognised lettering and the sun-moon logo – are manufactured by leading refineries in Switzerland and Germany, whose decades of experience stand for these quality standards.
Degussa is committed to the responsible and sustainable use of global raw material resources. We therefore only have our bars produced by manufacturers that comply with the internationally recognised “London Good Delivery Standard” and provide full traceability of their supply chain.
However, these do not represent a reduction in value, as with investment coins – unlike collector coins – the focus is not on perfect visual appearance but on the material value as an investment. For this reason, they are not classified into the quality categories commonly used for collector coins.
Other precious metals such as silver, platinum or palladium are generally subject to VAT. However, under certain conditions this may not apply – for example, if the metals are stored in a customs-free warehouse and are not introduced into the taxable economic cycle.
Ordering process
- Up to €5,000.00: €15.00
- From €5,000.01 to €30,000.00: €25.00
- From €30,000.01 to €50,000.00: €40.00
- From €50,000.01 to €70,000.00: €40.00
- More than €70,000.00: please contact us
If you collect your order from one of our branches, no shipping costs will apply. Further information on shipping costs and delivery methods can be found here.
Please note the applicable legal regulations regarding cash payments. Cash payments are possible up to a maximum amount of €10,000.
Payment
After successfully placing your order, you will immediately receive an order and confirmation by email, which contains all necessary information regarding the payment process.
Shipping
For orders with a value exceeding €70,000, or if you require a special delivery arrangement, please contact us so that we can discuss the available options.
For orders delivered by a valuables courier service, a representative of the courier company will contact you by phone to arrange a suitable delivery appointment. It is not possible to request a specific delivery date.
Price list
Duty-free warehouse
Today, it is also possible to store or trade precious metals via a duty-free warehouse. One advantage is that, for certain metals, VAT is only incurred when the metal is physically delivered.
However, when purchasing these precious metals into a Degussa duty-free warehouse, VAT can still be legally avoided. The reason is that the metals are located in a customs-controlled area during storage. VAT is only incurred when the metal is physically removed from the duty-free warehouse and enters the regular economic cycle.