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  1. Home
  2. Invest
  3. Precious Metals
  4. Physical Precious Metals

INVEST

Physical Precious Metals

Physical precious metals means owning gold or silver bullion directly — typically as coins or bars — or through an allocated custody arrangement. This page compares physical gold and silver routes only.

Exchange-traded products (ETFs/ETCs), mining shares and managed funds are different forms of exposure and are covered on separate pages.

Capital at risk. Bullion prices can fall as well as rise. Physical bullion is generally not an FCA-regulated investment product.

Last reviewed: 13 September 2026

Physical ownership

You own metal (or allocated metal), not an exchange-traded security.

Costs beyond spot

Dealer premiums, spreads, storage, insurance and delivery all affect what you pay and receive.

Gold and silver differ

Tax treatment, storage volume and industrial demand can differ substantially between the metals.

Capital at risk

Bullion values can fall. Physical metal does not pay interest or dividends.

PHYSICAL ROUTES

Explore physical gold and silver

Jump into each physical route. These pages cover bullion ownership only — not exchange-traded products.

  • Gold

    Physical Gold

    How physical gold ownership works — premiums, storage, custody and resale.

    Explore physical gold →
  • Gold

    Gold Coins

    Investment coins, premiums over spot and practical buying considerations.

    Explore gold coins →
  • Gold

    Gold Bars

    Bar sizes, assay, custody and liquidity differences versus coins.

    Explore gold bars →
  • Silver

    Physical Silver

    Physical silver ownership basics, storage and UK tax considerations.

    Explore physical silver →
  • Silver

    Silver Coins & Bars

    Forms of physical silver, dealing costs and delivery versus vault routes.

    Explore silver coins & bars →

GOLD VS SILVER

Physical gold and physical silver compared

Both are physical bullion, but costs, storage, tax treatment and demand drivers can differ. Use this as a practical checklist — not a recommendation of either metal.

Factor
Gold
Silver
What you own
Physical gold coins, bars or allocated gold bullion
Physical silver coins, bars or allocated silver bullion
Value density
Higher value in a smaller physical volume
Lower value per unit; more bulk at the same £ value
Typical purchase costs
Premium above spot; varies by product, dealer and quantity
Premium above spot; can be proportionally significant on smaller units
Storage & insurance
Compact but high value — secure storage and cover matter
Greater weight/volume — space, handling and cover can differ
VAT (UK)
Qualifying investment gold has specific VAT rules — check eligibility
Do not assume the same VAT treatment as qualifying investment gold; delivered silver often attracts VAT
CGT (UK)
Depends on the exact product; coins and bars can differ
Depends on the exact product and your circumstances — check current rules
Resale
Established bullion markets; buyback spread still matters
Active markets; product form and dealer terms still matter
Demand drivers
More investment / monetary demand emphasis
Greater industrial-demand exposure alongside investment demand
  • What you own

    Gold
    Physical gold coins, bars or allocated gold bullion
    Silver
    Physical silver coins, bars or allocated silver bullion
  • Value density

    Gold
    Higher value in a smaller physical volume
    Silver
    Lower value per unit; more bulk at the same £ value
  • Typical purchase costs

    Gold
    Premium above spot; varies by product, dealer and quantity
    Silver
    Premium above spot; can be proportionally significant on smaller units
  • Storage & insurance

    Gold
    Compact but high value — secure storage and cover matter
    Silver
    Greater weight/volume — space, handling and cover can differ
  • VAT (UK)

    Gold
    Qualifying investment gold has specific VAT rules — check eligibility
    Silver
    Do not assume the same VAT treatment as qualifying investment gold; delivered silver often attracts VAT
  • CGT (UK)

    Gold
    Depends on the exact product; coins and bars can differ
    Silver
    Depends on the exact product and your circumstances — check current rules
  • Resale

    Gold
    Established bullion markets; buyback spread still matters
    Silver
    Active markets; product form and dealer terms still matter
  • Demand drivers

    Gold
    More investment / monetary demand emphasis
    Silver
    Greater industrial-demand exposure alongside investment demand

COINS & BARS

Coins versus bars

Within physical ownership, product form affects premiums, divisibility, recognition and how easy it is to sell later.

  • Coins

    Often easier to recognise and sell in smaller units. Premiums over spot can be higher than larger bars.

  • Bars

    Larger bars can offer lower premiums per ounce, but may be less flexible to sell in parts and need clear assay documentation.

  • Delivery vs vault

    Home delivery, click-and-collect and allocated vault storage are different practical routes with different costs and risks.

Compare dealers and products

Verified physical bullion comparisons only — no gold or silver ETFs/ETCs on this page.

  • Physical gold providers
  • Gold coins
  • Gold bars
  • Physical silver providers
  • Silver coins & bars

Compare Physical Gold Bullion

8 providers we cover

Current provider/product information checked 12 September 2026. Prices, premiums and availability can change.

Bullion prices can fall as well as rise. Physical bullion is not the same as a bank deposit and bullion products are generally not FCA-regulated investments.

Investment gold is generally VAT exempt in the UK. CGT treatment depends on the exact product; qualifying UK legal-tender coins can have different treatment from bars. Tax rules can change and depend on individual circumstances.

Filters

Provider
Home delivery
Storage
Buyback
Ownership
Atkinsons Bullion & CoinsPhysical gold bullion

Live price/premium varies

Visit Atkinsons Bullion & Coins

You’ll continue on the provider’s website. WiT Money may receive a commission or referral fee.

Ownership
Direct physical ownership; stored metal remains customer's property
Delivery
Yes – fully insured UK delivery
Storage
Yes – high-security UK vaults
Buyback
Yes
Provider
Atkinsons Bullion & Coins
Ownership model
Direct physical ownership; stored metal remains customer's property
Storage model
Yes – high-security UK vaults
Storage fee / note
Yes – high-security UK vaults
Pricing basis
Live metal price / spot plus provider premium or live market spread
VAT treatment
Investment gold is generally VAT exempt in the UK; verify the specific product.
CGT note
CGT depends on product; qualifying UK legal-tender coins may be CGT-exempt, bars generally are not.
Regulatory / protection note
Physical bullion itself is not an FCA-regulated investment product. Provider/custody arrangements differ.
Checked date
2026-09-12
ATS BullionPhysical gold bullion

Live price/premium varies

Visit ATS Bullion

You’ll continue on the provider’s website. WiT Money may receive a commission or referral fee.

Ownership
Direct physical ownership; gold storage held in trust
Delivery
Yes – free UK delivery on qualifying orders / click & collect
Storage
Gold only: 1% + VAT p.a. of spot value; silver not stored.
Buyback
Yes
Provider
ATS Bullion
Ownership model
Direct physical ownership; gold storage held in trust
Storage model
Gold only: 1% + VAT p.a. of spot value; silver not stored.
Storage fee / note
Gold only: 1% + VAT p.a. of spot value; silver not stored.
Pricing basis
Live metal price / spot plus provider premium or live market spread
VAT treatment
Investment gold is generally VAT exempt in the UK; verify the specific product.
CGT note
CGT depends on product; qualifying UK legal-tender coins may be CGT-exempt, bars generally are not.
Regulatory / protection note
Physical bullion itself is not an FCA-regulated investment product. Provider/custody arrangements differ.
Checked date
2026-09-12
Baird & Co.Physical gold bullion

Live price/premium varies

Visit Baird & Co.

You’ll continue on the provider’s website. WiT Money may receive a commission or referral fee.

Ownership
Direct physical ownership; allocated segregated storage available
Delivery
Yes
Storage
Yes – allocated, individually segregated, insured vault storage
Buyback
Yes
Provider
Baird & Co.
Ownership model
Direct physical ownership; allocated segregated storage available
Storage model
Yes – allocated, individually segregated, insured vault storage
Storage fee / note
Yes – allocated, individually segregated, insured vault storage
Pricing basis
Live metal price / spot plus provider premium or live market spread
VAT treatment
Investment gold is generally VAT exempt in the UK; verify the specific product.
CGT note
CGT depends on product; qualifying UK legal-tender coins may be CGT-exempt, bars generally are not.
Regulatory / protection note
Physical bullion itself is not an FCA-regulated investment product. Provider/custody arrangements differ.
Checked date
2026-09-12
BullionByPostPhysical gold bullion

Live price/premium varies

Visit BullionByPost

You’ll continue on the provider’s website. WiT Money may receive a commission or referral fee.

Ownership
Direct physical ownership or allocated storage
Delivery
Yes – free fully insured UK delivery
Storage
Yes – allocated storage via Brink's
Buyback
Yes
Provider
BullionByPost
Ownership model
Direct physical ownership or allocated storage
Storage model
Yes – allocated storage via Brink's
Storage fee / note
Yes – allocated storage via Brink's
Pricing basis
Live metal price / spot plus provider premium or live market spread
VAT treatment
Investment gold is generally VAT exempt in the UK; verify the specific product.
CGT note
CGT depends on product; qualifying UK legal-tender coins may be CGT-exempt, bars generally are not.
Regulatory / protection note
Physical bullion itself is not an FCA-regulated investment product. Provider/custody arrangements differ.
Checked date
2026-09-12
BullionVaultPhysical gold bullion

Live price/premium varies

Visit BullionVault

You’ll continue on the provider’s website. WiT Money may receive a commission or referral fee.

Ownership
Allocated physical bullion; investor retains legal title
Delivery
No retail coin/small-bar delivery model; professional vaulted bullion
Storage
Gold custody 0.12% p.a.; minimum monthly charge applies; dealing commission 0.50% falling with volume.
Buyback
Yes – live market
Provider
BullionVault
Ownership model
Allocated physical bullion; investor retains legal title
Storage model
Gold custody 0.12% p.a.; minimum monthly charge applies; dealing commission 0.50% falling with volume.
Storage fee / note
Gold custody 0.12% p.a.; minimum monthly charge applies; dealing commission 0.50% falling with volume.
Payment / access
Can buy from about 1g; professional vaulted bullion
Pricing basis
Live metal price / spot plus provider premium or live market spread
VAT treatment
Investment gold is generally VAT exempt in the UK; verify the specific product.
CGT note
CGT depends on product; qualifying UK legal-tender coins may be CGT-exempt, bars generally are not.
Regulatory / protection note
Physical bullion itself is not an FCA-regulated investment product. Provider/custody arrangements differ.
Checked date
2026-09-12
ChardsPhysical gold bullion

Live price/premium varies

Visit Chards

You’ll continue on the provider’s website. WiT Money may receive a commission or referral fee.

Ownership
Direct physical ownership or vaulted storage
Delivery
Yes
Storage
Yes – buy with storage
Buyback
Yes
Provider
Chards
Ownership model
Direct physical ownership or vaulted storage
Storage model
Yes – buy with storage
Storage fee / note
Yes – buy with storage
Pricing basis
Live metal price / spot plus provider premium or live market spread
VAT treatment
Investment gold is generally VAT exempt in the UK; verify the specific product.
CGT note
CGT depends on product; qualifying UK legal-tender coins may be CGT-exempt, bars generally are not.
Regulatory / protection note
Physical bullion itself is not an FCA-regulated investment product. Provider/custody arrangements differ.
Checked date
2026-09-12
GOLD.co.ukPhysical gold bullion

Live price/premium varies

Visit GOLD.co.uk

You’ll continue on the provider’s website. WiT Money may receive a commission or referral fee.

Ownership
Direct physical ownership or allocated storage
Delivery
Yes – free insured delivery
Storage
Yes – allocated/vaulted storage, including VAT-free silver storage route
Buyback
Yes
Provider
GOLD.co.uk
Ownership model
Direct physical ownership or allocated storage
Storage model
Yes – allocated/vaulted storage, including VAT-free silver storage route
Storage fee / note
Yes – allocated/vaulted storage, including VAT-free silver storage route
Pricing basis
Live metal price / spot plus provider premium or live market spread
VAT treatment
Investment gold is generally VAT exempt in the UK; verify the specific product.
CGT note
CGT depends on product; qualifying UK legal-tender coins may be CGT-exempt, bars generally are not.
Regulatory / protection note
Physical bullion itself is not an FCA-regulated investment product. Provider/custody arrangements differ.
Checked date
2026-09-12
The Royal MintPhysical gold bullion

Live price/premium varies

Visit The Royal Mint

You’ll continue on the provider’s website. WiT Money may receive a commission or referral fee.

Ownership
Direct physical ownership; vault option available
Delivery
Yes
Storage
The Vault®: current published rates vary by product size, commonly 1% or 2% + VAT p.a.; verify exact item.
Buyback
Yes
Provider
The Royal Mint
Ownership model
Direct physical ownership; vault option available
Storage model
The Vault®: current published rates vary by product size, commonly 1% or 2% + VAT p.a.; verify exact item.
Storage fee / note
The Vault®: current published rates vary by product size, commonly 1% or 2% + VAT p.a.; verify exact item.
Payment / access
DigiGold from £25; coins/bars vary
Pricing basis
Live metal price / spot plus provider premium or live market spread
VAT treatment
Investment gold is generally VAT exempt in the UK; verify the specific product.
CGT note
CGT depends on product; qualifying UK legal-tender coins may be CGT-exempt, bars generally are not.
Regulatory / protection note
Physical bullion itself is not an FCA-regulated investment product. Provider/custody arrangements differ.
Checked date
2026-09-12

Full guide: Physical gold providers →

Compare Gold Coins

7 dealers we cover

Current provider/product information checked 12 September 2026. Prices, premiums and availability can change.

Bullion prices can fall as well as rise. Physical bullion is not the same as a bank deposit and bullion products are generally not FCA-regulated investments.

UK legal-tender tax treatment may apply. CGT treatment depends on the specific coin and your circumstances. Tax rules can change and depend on individual circumstances.

Filters

Dealer
Home delivery
Storage
Buyback
UK legal-tender coins

Not a binary CGT-free filter — depends on the exact coin.

Atkinsons Bullion & CoinsGold Britannias, Sovereigns and international bullion coins

Live price/premium varies

Visit Atkinsons Bullion & Coins

You’ll continue on the provider’s website. WiT Money may receive a commission or referral fee.

Coin types
Gold Britannias, Sovereigns and international bullion coins
Delivery
Fully insured UK delivery
Storage
High-security UK storage
Buyback
Yes
Dealer
Atkinsons Bullion & Coins
Key types
Gold Britannias, Sovereigns and international bullion coins
Vault storage
High-security UK storage
Pricing / premium
Live market-linked pricing
VAT
Investment gold generally VAT exempt
Potential CGT treatment
CGT depends on coin; UK legal-tender treatment differs
Authentication / provenance
Product-specific mint/provenance
Checked date
2026-09-12
ATS BullionSovereigns, 1oz bullion coins and international coins

Live price/premium varies

Visit ATS Bullion

You’ll continue on the provider’s website. WiT Money may receive a commission or referral fee.

Coin types
Sovereigns, 1oz bullion coins and international coins
Delivery
Free UK delivery / click & collect
Storage
Gold storage only
Buyback
Yes
Dealer
ATS Bullion
Key types
Sovereigns, 1oz bullion coins and international coins
Vault storage
Gold storage only
Pricing / premium
Live price + premium
VAT
Investment gold generally VAT exempt
Potential CGT treatment
CGT depends on coin; qualifying UK legal tender may be exempt
Authentication / provenance
BNTA member; product-specific coin verification
Checked date
2026-09-12
Baird & Co.Current shop includes Britannias and other bullion/numismatic coins

Live price/premium varies

Visit Baird & Co.

You’ll continue on the provider’s website. WiT Money may receive a commission or referral fee.

Coin types
Current shop includes Britannias and other bullion/numismatic coins
Delivery
Yes
Storage
Allocated segregated insured storage
Buyback
Yes
Dealer
Baird & Co.
Key types
Current shop includes Britannias and other bullion/numismatic coins
Vault storage
Allocated segregated insured storage
Pricing / premium
Live price + premium
VAT
Investment gold generally VAT exempt
Potential CGT treatment
Current Baird listings identify CGT-exempt UK coins where applicable
Authentication / provenance
Refiner/dealer; product-specific mint details
Checked date
2026-09-12
BullionByPostBritannias, Sovereigns, Krugerrands, Maples and other bullion coins

Live price/premium varies

Visit BullionByPost

You’ll continue on the provider’s website. WiT Money may receive a commission or referral fee.

Coin types
Britannias, Sovereigns, Krugerrands, Maples and other bullion coins
Delivery
Free fully insured UK delivery
Storage
Allocated storage
Buyback
Yes
Dealer
BullionByPost
Key types
Britannias, Sovereigns, Krugerrands, Maples and other bullion coins
Vault storage
Allocated storage
Pricing / premium
Live spot-linked premium
VAT
Investment gold generally VAT exempt
Potential CGT treatment
CGT depends on coin; qualifying UK legal tender may be exempt
Authentication / provenance
Product-specific mint/provenance
Checked date
2026-09-12
ChardsInvestment and bullion gold coins

Live price/premium varies

Visit Chards

You’ll continue on the provider’s website. WiT Money may receive a commission or referral fee.

Coin types
Investment and bullion gold coins
Delivery
Yes
Storage
Buy with storage
Buyback
Yes
Dealer
Chards
Key types
Investment and bullion gold coins
Vault storage
Buy with storage
Pricing / premium
Live price + premium
VAT
Investment gold generally VAT exempt
Potential CGT treatment
CGT depends on coin and legal-tender status
Authentication / provenance
Long-established coin dealer; product-specific verification
Checked date
2026-09-12
GOLD.co.ukBritannias, Sovereigns, Krugerrands and other current coins

Live price/premium varies

Visit GOLD.co.uk

You’ll continue on the provider’s website. WiT Money may receive a commission or referral fee.

Coin types
Britannias, Sovereigns, Krugerrands and other current coins
Delivery
Free insured delivery
Storage
Allocated storage
Buyback
Yes
Dealer
GOLD.co.uk
Key types
Britannias, Sovereigns, Krugerrands and other current coins
Vault storage
Allocated storage
Pricing / premium
Live spot-linked premium
VAT
Investment gold generally VAT exempt
Potential CGT treatment
CGT depends on coin; qualifying UK legal tender may be exempt
Authentication / provenance
Product-specific mint/provenance
Checked date
2026-09-12
The Royal MintBritannia, Sovereign and other current Royal Mint bullion coins

Live price/premium varies

Visit The Royal Mint

You’ll continue on the provider’s website. WiT Money may receive a commission or referral fee.

Coin types
Britannia, Sovereign and other current Royal Mint bullion coins
Delivery
Yes
Storage
The Vault®
Buyback
Yes
Dealer
The Royal Mint
Key types
Britannia, Sovereign and other current Royal Mint bullion coins
Vault storage
The Vault®
Pricing / premium
Live price + Royal Mint premium
VAT
Investment gold generally VAT exempt
Potential CGT treatment
Qualifying UK legal-tender coins such as Britannias/Sovereigns can be CGT-exempt; verify current tax rules
Authentication / provenance
Mint-issued products
Checked date
2026-09-12

Full guide: Gold coins →

Compare Gold Bars

7 dealers we cover

Current provider/product information checked 12 September 2026. Prices, premiums and availability can change.

Bullion prices can fall as well as rise. Physical bullion is not the same as a bank deposit and bullion products are generally not FCA-regulated investments.

Investment gold is generally VAT exempt in the UK. CGT treatment depends on the exact product; qualifying UK legal-tender coins can have different treatment from bars. Tax rules can change and depend on individual circumstances.

Filters

Dealer
Home delivery
Vault storage
Buyback
Authentication
Atkinsons Bullion & CoinsGold bars from current live range

Price and premium update with the gold market.

Visit Atkinsons Bullion & Coins

You’ll continue on the provider’s website. WiT Money may receive a commission or referral fee.

Bar range
Gold bars from current live range
Delivery
Fully insured UK delivery
Storage
High-security UK storage
Buyback
Yes
Dealer
Atkinsons Bullion & Coins
Bar range
Gold bars from current live range
Vault storage
High-security UK storage
Storage detail
Stored metal remains customer property
Pricing / premium
Live market-linked pricing
VAT
Investment gold VAT exempt
CGT
Bars generally subject to normal CGT rules
Authentication / refiner
Product/refiner-specific
Checked date
2026-09-12
ATS BullionGold bars and best-price/refiner-specific bars

Price and premium update with the gold market.

Visit ATS Bullion

You’ll continue on the provider’s website. WiT Money may receive a commission or referral fee.

Bar range
Gold bars and best-price/refiner-specific bars
Delivery
Free UK delivery / click & collect
Storage
Gold storage: 1% + VAT p.a. of spot value
Buyback
Yes
Dealer
ATS Bullion
Bar range
Gold bars and best-price/refiner-specific bars
Vault storage
Gold storage: 1% + VAT p.a. of spot value
Storage detail
Gold only; holdings held in trust
Pricing / premium
Live price + dealer premium
VAT
Investment gold VAT exempt
CGT
Bars generally subject to normal CGT rules
Authentication / refiner
BNTA member; product-specific refiner details
Checked date
2026-09-12
Baird & Co.Minted/cast bars; current shop includes 1g through large bars

Price and premium update with the gold market.

Visit Baird & Co.

You’ll continue on the provider’s website. WiT Money may receive a commission or referral fee.

Bar range
Minted/cast bars; current shop includes 1g through large bars
Delivery
Yes
Storage
Allocated individually segregated insured storage
Buyback
Yes
Dealer
Baird & Co.
Bar range
Minted/cast bars; current shop includes 1g through large bars
Vault storage
Allocated individually segregated insured storage
Storage detail
Storage includes insurance; current quote/tariff
Pricing / premium
Live price + premium
VAT
Investment gold VAT exempt
CGT
Bars generally subject to normal CGT rules
Authentication / refiner
Baird is a refiner/LBMA member
Checked date
2026-09-12
BullionByPostBroad gold bar range from major refiners

Price and premium update with the gold market.

Visit BullionByPost

You’ll continue on the provider’s website. WiT Money may receive a commission or referral fee.

Bar range
Broad gold bar range from major refiners
Delivery
Free fully insured UK delivery
Storage
Allocated storage via Brink's
Buyback
Yes
Dealer
BullionByPost
Bar range
Broad gold bar range from major refiners
Vault storage
Allocated storage via Brink's
Storage detail
Storage available; current tariff applies
Pricing / premium
Live spot-linked retail premium
VAT
Investment gold VAT exempt
CGT
Bars generally subject to normal CGT rules
Authentication / refiner
Recognised bullion/refiner products; product-specific certification
Checked date
2026-09-12
ChardsGold bars across current online catalogue

Price and premium update with the gold market.

Visit Chards

You’ll continue on the provider’s website. WiT Money may receive a commission or referral fee.

Bar range
Gold bars across current online catalogue
Delivery
Yes
Storage
Buy with storage
Buyback
Yes
Dealer
Chards
Bar range
Gold bars across current online catalogue
Vault storage
Buy with storage
Storage detail
Vault option; check quote
Pricing / premium
Live price + dealer premium
VAT
Investment gold VAT exempt
CGT
Bars generally subject to normal CGT rules
Authentication / refiner
Dealer verifies products; exact refiner varies
Checked date
2026-09-12
GOLD.co.uk1oz, 100g, 1kg and other current bar sizes

Price and premium update with the gold market.

Visit GOLD.co.uk

You’ll continue on the provider’s website. WiT Money may receive a commission or referral fee.

Bar range
1oz, 100g, 1kg and other current bar sizes
Delivery
Free insured delivery
Storage
Secure allocated storage
Buyback
Yes
Dealer
GOLD.co.uk
Bar range
1oz, 100g, 1kg and other current bar sizes
Vault storage
Secure allocated storage
Storage detail
Storage options; first-order promotions may change
Pricing / premium
Live spot-linked pricing; premiums vary
VAT
Investment gold VAT exempt
CGT
Bars generally subject to normal CGT rules
Authentication / refiner
Leading refiners / product-specific details
Checked date
2026-09-12
The Royal MintMinted/cast bullion bars; sizes vary by current range

Price and premium update with the gold market.

Visit The Royal Mint

You’ll continue on the provider’s website. WiT Money may receive a commission or referral fee.

Bar range
Minted/cast bullion bars; sizes vary by current range
Delivery
Yes
Storage
The Vault®
Buyback
Yes
Dealer
The Royal Mint
Bar range
Minted/cast bullion bars; sizes vary by current range
Vault storage
The Vault®
Storage detail
Current vault fee depends on item size; verify current tariff
Pricing / premium
Live gold price plus Royal Mint premium
VAT
Investment gold VAT exempt
CGT
Gold bars generally not CGT-exempt solely by being bullion
Authentication / refiner
Royal Mint manufactured / sourced bullion
Checked date
2026-09-12

Full guide: Gold bars →

Compare Physical Silver Bullion

8 providers we cover

Current provider/product information checked 12 September 2026. Prices, premiums and availability can change.

Bullion prices can fall as well as rise. Physical bullion is not the same as a bank deposit and bullion products are generally not FCA-regulated investments.

Delivered silver bullion normally attracts UK VAT. Some professional/offshore storage arrangements can have different tax treatment. Check the provider's current terms. Do not assume a VAT-free vault means later delivery is VAT-free. Tax rules can change and depend on individual circumstances.

Delivered silver bullion normally attracts UK VAT. Some professional/offshore storage arrangements can have different tax treatment. Check the provider's current terms. A VAT-free vault does not mean later delivery is VAT-free.

Filters

Provider
Home delivery
Storage
Buyback
Ownership
Atkinsons Bullion & CoinsPhysical silver bullion

Live price/premium varies

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Ownership
Direct physical ownership; stored metal remains customer's property
Delivery
Yes – fully insured UK delivery
Storage
Yes – high-security UK vaults
Buyback
Yes
Provider
Atkinsons Bullion & Coins
Ownership model
Direct physical ownership; stored metal remains customer's property
Storage model
Yes – high-security UK vaults
Storage fee / note
Yes – high-security UK vaults
Pricing basis
Live silver price / spot plus provider premium or market spread
VAT treatment
Delivered silver bullion normally attracts UK VAT at the standard rate (20% currently). Some overseas/vault storage routes may defer/avoid VAT until delivery; verify terms.
CGT note
CGT depends on product; qualifying UK legal-tender silver coins can have different treatment from bars.
Regulatory / protection note
Physical bullion itself is not an FCA-regulated investment product.
Checked date
2026-09-12
ATS BullionPhysical silver bullion

Live price/premium varies

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Ownership
Direct physical ownership; gold storage held in trust
Delivery
Yes – free UK delivery on qualifying orders / click & collect
Storage
ATS current storage offer is gold only; silver home delivery / collection available.
Buyback
Yes
Provider
ATS Bullion
Ownership model
Direct physical ownership; gold storage held in trust
Storage model
ATS current storage offer is gold only; silver home delivery / collection available.
Storage fee / note
ATS current storage offer is gold only; silver home delivery / collection available.
Pricing basis
Live silver price / spot plus provider premium or market spread
VAT treatment
Delivered silver bullion normally attracts UK VAT at the standard rate (20% currently). Some overseas/vault storage routes may defer/avoid VAT until delivery; verify terms.
CGT note
CGT depends on product; qualifying UK legal-tender silver coins can have different treatment from bars.
Regulatory / protection note
Physical bullion itself is not an FCA-regulated investment product.
Checked date
2026-09-12
Baird & Co.Physical silver bullion

Live price/premium varies

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Ownership
Direct physical ownership; allocated segregated storage available
Delivery
Yes
Storage
Yes – allocated, individually segregated, insured vault storage
Buyback
Yes
Provider
Baird & Co.
Ownership model
Direct physical ownership; allocated segregated storage available
Storage model
Yes – allocated, individually segregated, insured vault storage
Storage fee / note
Yes – allocated, individually segregated, insured vault storage
Pricing basis
Live silver price / spot plus provider premium or market spread
VAT treatment
Delivered silver bullion normally attracts UK VAT at the standard rate (20% currently). Some overseas/vault storage routes may defer/avoid VAT until delivery; verify terms.
CGT note
CGT depends on product; qualifying UK legal-tender silver coins can have different treatment from bars.
Regulatory / protection note
Physical bullion itself is not an FCA-regulated investment product.
Checked date
2026-09-12
BullionByPostPhysical silver bullion

Live price/premium varies

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Ownership
Direct physical ownership or allocated storage
Delivery
Yes – free fully insured UK delivery
Storage
Yes – allocated storage via Brink's
Buyback
Yes
Provider
BullionByPost
Ownership model
Direct physical ownership or allocated storage
Storage model
Yes – allocated storage via Brink's
Storage fee / note
Yes – allocated storage via Brink's
Pricing basis
Live silver price / spot plus provider premium or market spread
VAT treatment
Delivered silver bullion normally attracts UK VAT at the standard rate (20% currently). Some overseas/vault storage routes may defer/avoid VAT until delivery; verify terms.
CGT note
CGT depends on product; qualifying UK legal-tender silver coins can have different treatment from bars.
Regulatory / protection note
Physical bullion itself is not an FCA-regulated investment product.
Checked date
2026-09-12
BullionVaultPhysical silver bullion

Live price/premium varies

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Ownership
Allocated physical bullion; investor retains legal title
Delivery
No retail coin/small-bar delivery model; professional vaulted bullion
Storage
Silver custody 0.48% p.a.; minimum monthly charge applies; VAT generally not charged while qualifying metal remains in overseas/professional vault structure, but withdrawal can trigger tax.
Buyback
Yes – live market
Provider
BullionVault
Ownership model
Allocated physical bullion; investor retains legal title
Storage model
Silver custody 0.48% p.a.; minimum monthly charge applies; VAT generally not charged while qualifying metal remains in overseas/professional vault structure, but withdrawal can trigger tax.
Storage fee / note
Silver custody 0.48% p.a.; minimum monthly charge applies; VAT generally not charged while qualifying metal remains in overseas/professional vault structure, but withdrawal can trigger tax.
Payment / access
Professional vaulted silver; live market
Pricing basis
Live silver price / spot plus provider premium or market spread
VAT treatment
Delivered silver bullion normally attracts UK VAT at the standard rate (20% currently). Some overseas/vault storage routes may defer/avoid VAT until delivery; verify terms.
CGT note
CGT depends on product; qualifying UK legal-tender silver coins can have different treatment from bars.
Regulatory / protection note
Physical bullion itself is not an FCA-regulated investment product.
Checked date
2026-09-12
ChardsPhysical silver bullion

Live price/premium varies

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Ownership
Direct physical ownership or vaulted storage
Delivery
Yes
Storage
Yes – buy with storage
Buyback
Yes
Provider
Chards
Ownership model
Direct physical ownership or vaulted storage
Storage model
Yes – buy with storage
Storage fee / note
Yes – buy with storage
Pricing basis
Live silver price / spot plus provider premium or market spread
VAT treatment
Delivered silver bullion normally attracts UK VAT at the standard rate (20% currently). Some overseas/vault storage routes may defer/avoid VAT until delivery; verify terms.
CGT note
CGT depends on product; qualifying UK legal-tender silver coins can have different treatment from bars.
Regulatory / protection note
Physical bullion itself is not an FCA-regulated investment product.
Checked date
2026-09-12
GOLD.co.ukPhysical silver bullion

Live price/premium varies

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Ownership
Direct physical ownership or allocated storage
Delivery
Yes – free insured delivery
Storage
Allocated storage; VAT-free Zurich storage offered for qualifying silver products; VAT becomes payable if later delivered.
Buyback
Yes
Provider
GOLD.co.uk
Ownership model
Direct physical ownership or allocated storage
Storage model
Allocated storage; VAT-free Zurich storage offered for qualifying silver products; VAT becomes payable if later delivered.
Storage fee / note
Allocated storage; VAT-free Zurich storage offered for qualifying silver products; VAT becomes payable if later delivered.
Pricing basis
Live silver price / spot plus provider premium or market spread
VAT treatment
Delivered silver bullion normally attracts UK VAT at the standard rate (20% currently). Some overseas/vault storage routes may defer/avoid VAT until delivery; verify terms.
CGT note
CGT depends on product; qualifying UK legal-tender silver coins can have different treatment from bars.
Regulatory / protection note
Physical bullion itself is not an FCA-regulated investment product.
Checked date
2026-09-12
The Royal MintPhysical silver bullion

Live price/premium varies

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Ownership
Direct physical ownership; vault option available
Delivery
Yes
Storage
Yes – The Vault®
Buyback
Yes
Provider
The Royal Mint
Ownership model
Direct physical ownership; vault option available
Storage model
Yes – The Vault®
Storage fee / note
Yes – The Vault®
Pricing basis
Live silver price / spot plus provider premium or market spread
VAT treatment
Delivered silver bullion normally attracts UK VAT at the standard rate (20% currently). Some overseas/vault storage routes may defer/avoid VAT until delivery; verify terms.
CGT note
CGT depends on product; qualifying UK legal-tender silver coins can have different treatment from bars.
Regulatory / protection note
Physical bullion itself is not an FCA-regulated investment product.
Checked date
2026-09-12

Full guide: Physical silver providers →

Compare Silver Coins & Bars

7 dealers we cover

Current provider/product information checked 12 September 2026. Prices, premiums and availability can change.

Bullion prices can fall as well as rise. Physical bullion is not the same as a bank deposit and bullion products are generally not FCA-regulated investments.

Delivered silver bullion normally attracts UK VAT at the standard rate. Storage arrangements can have different treatment. CGT depends on the exact product and circumstances. Tax rules can change and depend on individual circumstances.

Delivered silver bullion normally attracts UK VAT. Some professional/offshore storage arrangements can have different tax treatment. Check the provider's current terms. A VAT-free vault does not mean later delivery is VAT-free.

Filters

Dealer
Product types
Delivery
Storage
Buyback
Atkinsons Bullion & CoinsCurrent silver bars, Britannias and international bullion coins

Live price/premium varies

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Product types
Bars · Coins
Delivery
Fully insured UK delivery
Storage
Storage options should be checked for silver
Buyback
Yes
Dealer
Atkinsons Bullion & Coins
Typical range
Current silver bars, Britannias and international bullion coins
Storage
Storage options should be checked for silver
Pricing / premium
Live market-linked pricing
VAT treatment
UK VAT generally applies to delivered silver bullion
CGT note
Depends on coin/legal-tender status
Checked date
2026-09-12
ATS Bullion1oz/10oz/250g/500g bars and multiple bullion coins depending stock

Live price/premium varies

Visit ATS Bullion

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Product types
Bars · Coins
Delivery
Free UK delivery / click & collect
Storage
No silver storage in current ATS storage offer
Buyback
Yes
Dealer
ATS Bullion
Typical range
1oz/10oz/250g/500g bars and multiple bullion coins depending stock
Storage
No silver storage in current ATS storage offer
Pricing / premium
Live price + premium
VAT treatment
Product prices display ex-VAT and inc-VAT; domestic silver VAT applies
CGT note
Depends on coin/legal-tender status
Checked date
2026-09-12
Baird & Co.Current bar range includes 50g to 100oz; current coin range includes Britannias and international coins

Live price/premium varies

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Product types
Bars · Coins
Delivery
Yes
Storage
Allocated segregated vault storage
Buyback
Yes
Dealer
Baird & Co.
Typical range
Current bar range includes 50g to 100oz; current coin range includes Britannias and international coins
Storage
Allocated segregated vault storage
Pricing / premium
Live price + premium
VAT treatment
Baird states stored purchases may be VAT-free when bought/sold within its vault; delivery/tax conditions differ
CGT note
Current listings identify CGT-exempt UK coins where applicable
Checked date
2026-09-12
BullionByPostBroad silver bar and coin range

Live price/premium varies

Visit BullionByPost

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Product types
Bars · Coins
Delivery
Free fully insured UK delivery
Storage
Allocated storage
Buyback
Yes
Dealer
BullionByPost
Typical range
Broad silver bar and coin range
Storage
Allocated storage
Pricing / premium
Live spot-linked premium
VAT treatment
Domestic silver normally includes VAT
CGT note
Depends on coin/legal-tender status
Checked date
2026-09-12
ChardsInvestment silver bars and coins

Live price/premium varies

Visit Chards

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Product types
Bars · Coins
Delivery
Yes
Storage
Buy with storage
Buyback
Yes
Dealer
Chards
Typical range
Investment silver bars and coins
Storage
Buy with storage
Pricing / premium
Live price + premium
VAT treatment
UK VAT generally applies to delivered silver bullion
CGT note
Depends on coin/legal-tender status
Checked date
2026-09-12
GOLD.co.uk1oz/500g/1kg bars; Britannias, Maples and other coins

Live price/premium varies

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Product types
Bars · Coins
Delivery
Free insured delivery
Storage
Allocated storage; VAT-free Zurich route on qualifying products
Buyback
Yes
Dealer
GOLD.co.uk
Typical range
1oz/500g/1kg bars; Britannias, Maples and other coins
Storage
Allocated storage; VAT-free Zurich route on qualifying products
Pricing / premium
Live spot-linked premium
VAT treatment
Domestic delivery includes VAT; VAT-free storage route has separate conditions
CGT note
Depends on coin/legal-tender status
Checked date
2026-09-12
The Royal MintRoyal Mint silver bars and bullion coins such as Britannia issues

Live price/premium varies

Visit The Royal Mint

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Product types
Bars · Coins
Delivery
Yes
Storage
The Vault®
Buyback
Yes
Dealer
The Royal Mint
Typical range
Royal Mint silver bars and bullion coins such as Britannia issues
Storage
The Vault®
Pricing / premium
Live price + premium
VAT treatment
Silver bars/coins subject to standard UK VAT when supplied domestically
CGT note
Qualifying UK legal-tender coins can have CGT advantages; bars generally do not
Checked date
2026-09-12

Full guide: Silver coins & bars →

BEFORE YOU BUY

Physical bullion checklist

  • •Confirm whether you want gold, silver, or both — and why
  • •Compare dealer premiums and expected buyback spreads, not spot alone
  • •Decide delivery versus allocated vault storage before paying
  • •Check authenticity, product recognition and documentation
  • •Understand VAT and CGT treatment for the exact product
  • •Plan storage, insurance and how you would sell later

Not covered on this page

This hub excludes gold and silver ETFs/ETCs, mining shares and precious-metals funds. Those are different ownership structures with different costs, risks and tax treatment.

  • Gold ETFs & ETCs →
  • Silver ETFs & ETCs →
  • Gold vs Silver overview →

FAQS

Physical precious metals FAQs

Typically coins or bars you own directly, or metal held for you on an allocated basis. Exchange-traded securities and mining shares are different products even when they reference gold or silver prices.
No. This page covers physical bullion routes only. Gold and silver ETFs/ETCs are covered on their own topic pages.
Not necessarily. Qualifying investment gold can have different VAT treatment from many silver bullion purchases. Capital gains treatment also depends on the exact product and your circumstances. Check current HMRC guidance for the specific coin or bar.
Neither is universally better. Coins can be more divisible and recognisable; larger bars can have lower premiums per ounce but may be less flexible to sell. Compare premiums, liquidity and documentation for the products you are considering.
Physical bullion itself is generally not an FCA-regulated investment product. Dealers and custody arrangements can differ. Check who you are dealing with and how your metal is held.

SOURCES

Sources

  • HMRC — VAT Notice 701/21A (investment gold coins)
  • HMRC — Capital Gains Tax
  • FCA
  • MoneyHelper

RELATED

Related guides

  • Physical Gold

    Bullion ownership, storage and dealing costs.

  • Physical Silver

    Physical silver routes and UK tax notes.

  • Gold vs Silver

    Broader gold versus silver comparison hub.

  • Precious Metals

    All precious-metal exposure routes.