Buying back gold or silver coins: what are the tax implications?
Gold and silver coins are subject to specific taxation, different from that of jewelry. They are classified in the category of precious metals, which implies stricter rules than for jewelry or watches.
Which parts are affected?
Coins are considered precious metals and are therefore subject to specific regulations:
- In gold or silver
- Struck after 1800
Common examples: Napoleons (20 francs gold), English Sovereigns, Maple Leaf, Krugerrand, 50 franc Hercules silver coins…
The applicable rate: 11 % + 0.5 % CRDS
Unlike jewelry (threshold of €5,000), the tax on precious metals applies from the first euro, without a minimum threshold.
- Rate : 11 % + 0.5 % CRDS = 11.5 % of the sale price
- No threshold applicable regardless of the sale value
Example: A customer sells you 10 Napoleons for a total of €2,500 → tax = 2,500 × 11.5 % = 287,50 €.
How do I save them in Jewely?
When creating a buyback record in Jewely, you must select the type «"Precious metal"» for gold or silver coins. This classification is essential for:
- Apply the correct tax rate (11.5 % and not 6.5 %)
- Generate a redemption voucher that complies with legal requirements
- Keep your gold purchase log up to date
Exception: items dating from before 1800
Coins minted before 1800 can be classified as "antiques" if they are over 100 years old. In this case, the tax only applies to amounts exceeding €5,000, and the rate is 6.5%. If you are unsure about the classification of an old coin, consult a numismatic expert.
