Buying Gold and Silver in the United Kingdom
The United Kingdom is a sovereign country in the western part of Europe. It is formed of several islands and the major of them are the island of Great Britain and north-eastern part of the island of Ireland. The UK has the twelfth longest coastline which is surrounded by the Atlantic Ocean, the North Sea to its east, the Celtic Sea to its southwest and the English Channel to its south. The United Kingdom was the first country to industrialize in the 18th century, having an important role in the global economy since the 19th century. The country is the fourth-most densely populated nation in the European Union today.
UK is the fifth largest economy in the world by GDP and ninth largest by PPP, comprising about 4% of world GDP and being one of the strongest EU countries. In 2015, United Kingdom was the ninth largest exporter and sixth largest importer on the globe. The UK economy is one of the most globalized, with its main contributor being the service sector (78% of GDP). The most important service sector is the financial services industry. Among the 500 largest companies in the world, 26 have their headquarters located in the UK. The country is also a prominent member of the Commonwealth of Nations, the European Union, G7, G8, G20, the International Monetary Fund, and many more important international institutions.
There are several popular and prestigious precious metal dealers in the UK who have both local and international clients. There are also many popular mints in the UK which strike some of the international best-selling bullion products. Besides, UK is a preferred place as an offshore precious metals vault for investors, too, having a large number of storage facilities located in the country. It also hosts several coin show around the year which are attended by numerous dealers and numismatists from within the nation as well as from abroad.
Commodity & Futures Markets in the United Kingdom:
London Metal Exchange
The company was founded in 1877. Initially the company traded only copper; however, later on, lead and zinc were added and gained official trading status in 1920. During WWII, the exchange was closed and then reopened again only in 1954. Today, the LME offers futures and options contracts for aluminum, aluminum alloy, NASAAC (North American Special Aluminum Alloy), cobalt, copper, lead, molybdenum, nickel, steel billet, steel rebar, steel scrap, tin, and zinc. Yet, the precious metals gold and silver are not traded on LME. These are traded by the members of the LBM Association on the London Bullion Market, which is an over-the-counter market. Platinum and palladium are traded on the London Platinum and Palladium Market. However, LME used to provide the trade matching and clearing services to LBM and, on behalf of LBMA, distributes gold, silver, and gold IRS (interest rate swaps) forward rates.
London Bullion Market
LBM is the platform for trading gold and silver in the United Kingdom. This is a wholesale over-the-counter market that trades gold and silver and the members of the London Bullion Market Association conduct the trading, being loosely overseen by the Bank of England. The members of LBMA are all major international bullion dealers and refiners as well as international banks.
London Platinum and Palladium Market
The LPPM was established in 1987 with assistance offered by Bank of England. This is one of the major commodity trading associations in the world and is an over-the-counter trading center for platinum and palladium. London is an important historical center for platinum and palladium but, in comparison to trading on London Bullion Market, trading on London Platinum and Palladium market has a shorter history. On each working day, the bid prices are fixed by four LPPM members which also help LPPM members buy good delivery metals.
Coin Shows in the United Kingdom:
Coin collecting is a highly popular hobby prevalent around the world. You can witness the passion for it as more and more coin enthusiasts are traveling to different states and countries to attend famous national and international coin shows. The United Kingdom hosts several great numismatic events which shall be attended by collectors and dealers from all around the globe. If you are planning to visit the United Kingdom soon, or if you want to see some coin shows outside the US, take a look at the most popular UK coin shows listed below.
This is an international numismatic event and features prestigious coin dealers from several nations. One can check out a variety of interesting rare coins, ancient coins, modern coins, banknotes, medals, bonds, and shares, as well as antiques. The show hours are 10.00am - 4.00pm (last entry 3.00pm). Admission is free.
A one-day event that forgathers several coin dealers and features coins, medals, banknotes & militaria items. Show hours are 9.30am - 2.30pm. The admission fee is £1.00 for adults but children under 14 years have free entry.
This is a one-day event and showcases militaria, badges, medals, military books, reenactors, discerning collector. Show hours are 10.30am - 2.00pm. Preview £3.50( Preview admission from 9.30am). Admission fee is £2.50 (Accompanied children free).
This is a coin fair that takes place every month and features dealers from around the area. Visitors can buy, sell, and trade coins, banknotes, medals, and antiquity here. The show hours are 10.00am - 3.30pm. Admission fee is £2.00.
A British premier numismatic event which is held in the lovely spa town of Harrogate every year. The first show was held in 1991 and was known as the Coinex North. The show is attended by at least 50 dealers which display their collection of ancient coins, English hammered and milled coins, foreign coins, tokens, medals, historical medallions, tickets and passes, banknotes, numismatic books, and accessories. Apart from these, there will also be a great collection of antiquities and small antiques. The show hours are Friday 11am-6pm and Saturday 9:30am-3pm. Admission fee is £2 on Friday, Saturday is free.
The event will be attended by several medal dealers and medal auctioneers from different parts of the nation. The show hours are 9.30am - 2.00pm. Admission fee is £2.00. Accompanied children will have free admission.
This is a one-day event and showcases a variety of products like militaria, medals, badges, military books, discerning collector, and reenactors. The show hours are 10.30am - 2.00pm. Preview £3.50 (Preview admission from 9.30am). The admission fee is £2.50 (Accompanied children free).
This is a popular coin fair that takes places four times a year. The show is organized in a two-floor building and around 75 dealers attend this show to buy, sell, and trade ancient and modern coins, paper currency, tokens, medals, books, and antiques. Show Hours 9.30am - 4.00pm. Admission fee is £5.00 (£3.00 concession).
Government and Private Mints in the United Kingdom:The Royal Mint Llantrisant, Pontyclun, CF72 8YT, United Kingdom +44 845 60 88 444
The mint was founded in 886 AD and has been functioning for 1,100 years. Today, the Royal Mint is owned by HM Treasury and is bound by an exclusive contract to supply all coinage for the United Kingdom. The mint also strikes and exports coins to several other countries. Other products produced by the mint are commemorative medals, military medals, and other collectibles for schools, government, and businesses. The mint is a global leader in exporting bullion and coinage products to other countries. Until 1968, the mint was located in Tower Hill but then it shifted to Llantrisant, Mid Glamorgan, Wales, and has been operating there since 1980. The mint has a huge collection of coins from the 16th century onwards and has employed around 900 people.Pobjoy Mint Ltd. Millennia House, Bonsor Drive, Kingswood, Surrey KT20 6AY, England, United Kingdom +44 1737 818182
The Pobjoy Mint is a private mint located in Surrey, United Kingdom. It's worldwide renowned for its superior quality products. Mostly, the mint produces non-circulating commemoratives; however, it has also produced some circulating coins, as well as a variety of medals, medallions, and tokens for different governments, central banks, corporates, as well as nongovernmental organizations throughout the world.St Pauls Mint Ltd 185 New Town Row, Birmingham B6 4QZ, United Kingdom +44 121 359 5575
This is a private mint which was established in 2003. It is known for creating some remarkable precious metal products since innovation, quality, and service go hand in hand at this mint. The mint has crafted a variety of numismatics which includes commemorative coins, medals, legal tender, and other precious metal products. It strikes its products with superior craftsmanship and it's well-known for its fairness and ethics.The Tower Mint Ltd 1-21 Carew Street, London, SE5 9DF, United Kingdom +44 207 733 7268
A leading private mint located in London, founded in 1976. The Tower Mint was founded by Raphael Maklouf, designer of the famous effigy of Queen Elizabeth II featured on many Commonwealth coins. Over the past 40 years, they have earned a high reputation for producing superior quality coins and medals. A combination of precision and high volume capability through their state-of-the-art machinery allowed them to provide products that are impeccable and showcase a great attention to detail. A touch of tradition in all their designs adds a great finishing look to all their final products. They have partnered with several high-profile banks and state mints and supply coins and medals to them.Big Bury Mint Ltd. Unit 1, Riverpark, Ermington, Devon, PL21 9NT, United Kingdom +44 1548 830717
This is a private mint specialized mainly in producing medals. It has been involved in the production of a wide variety of medals for the past 35 years, like military medals and commemorative medals. It also offers services like medal mounting, medal engraving, and medal repair. Apart from these, the Big Bury Mint also manufactures medal related accessories like pocket medal holders, medal ribbons, medal ribbon bar, medal brooch bar, medal display frames, medal storage cases, photo restoration, etc.
International Bullion Depositories in the United Kingdom:
When investing in precious metals, safeguarding your valuables is a crucial factor. Sensing the difficulty that investors have in storing and safeguarding their bullion investments, many large precious metal companies offer safe and secure storage solutions in different places around the world. The United Kingdom is one of the top spots for investors with large holdings who are looking to spread their investments among several countries. There are many international companies which offer precious metals storage in the United Kingdom.
Bullion Exchanges in partnership with several gold bullion storage companies offers allocated, pool allocated and unallocated storage in the United Kingdom in high-tech, secure vaults with top-notch 24/7 control and surveillance. Just contact us and we will provide you the safest and most convenient way to store your precious metals in the United Kingdom.Malca Amit UK Ltd. 100 Hatton Garden, London EC1N 8NX, United Kingdom +44 20 7404 6068
This is a UK based company that offers secure vaults worldwide. Apart from its UK locations, it also has several offshore locations where one can securely store its bullion assets. Malca Amit offers storage in London, Hong Kong, Singapore, Bangkok, New York, Shanghai, Toronto, and Zurich. Its London facility is located close to the Heathrow Airport. The vault has a high-tech security system in place and is authorized by members of the London Clearing Company. The vault is approved by LMBA for weighing and inspecting of precious metals. The valuables stored are also fully insured.GoldCore No. 1 Cornhill, London, England, EC3V 3ND, United Kingdom
This is a US based storage company that serves clients in the US as well as all over the world. By partnering with some of the most trusted names in storage globally, they also offer offshore precious metal storage for their clients. Their storage locations are Delaware, New York, Salt Lake City, London, Frankfurt, Zurich, Singapore, Hong Kong and Perth. Although established in 2003, it has grown into a prestigious company in a short while. It offers top quality storage for its clients along with secure logistics. The precious metals are stored in highly secure vaults with state-of-the-art security technology being as well completely insured.
Vaults and Bullion Depositories in the United Kingdom:
The United Kingdom is one of the most economically stable countries in the world, being regarded as a safe place for storing precious metal holdings. Besides international bullion storage options, there are also local companies which offer precious metals vaults where you can securely store your items. So, if you want to buy and store gold in the United Kingdom, take a look at the below United Kingdom vault options.Abbey & Fox 276, Bath Road, Hounslow, Middlesex, TW4 7DF, United Kingdom +44 20 8572 7700
This is the first safe deposit box facility in Hounslow. One can feel safe storing their valuables here as the security is great and the staff is highly knowledgeable and offers great service. The boxes are available for rent on a twelve-month basis and are provided in three different sizes: small, medium, and large. The fees for these boxes include VAT, too.Aspire Safety Deposit Centre 49 St. Annes Drive, Leeds, West Yorkshire, LS4 2SA, United Kingdom +44 845 299 3795
This company is located in West Yorkshire. Their secure storage house contains state-of-the-art safety deposit boxes, well suited to fit each client’s requirements. Clients have access to their valuable 365 days a year, and the company offers a private viewing room, too. The latest security technology protects this facility, along with 24-hour camera surveillance. The fees are reasonable.Balthorne Safe Deposit Centres Ltd. 114B High Street, HA8 7HF, Edgware, United Kingdom +44 20 8951 1699
The company offers a secure environment for their customer’s belongings by providing safety deposit boxes which are secured with the latest security systems, including biometric technology, digital CCTV recording, encrypted access, 24 hour camera surveillance, etc.. The company caters to the individual needs of the client and therefore they have safe deposit boxes of various sizes and dimensions. Their rental fee is extremely competitive, too.Cardiff Safe Deposit 14-18 City Road, Cardiff, Wales CF24 3DL, United Kingdom +44 2920 470506
This is the first custom-built safe deposit in Wales. The facility has been built under the strict guidelines of the Crime Prevention Services and includes several features like European certified free-standing six-sided vaults, anti-ballistic, fireproof, seismic sensors, grade 4 alarm systems, 24-hour in-house and remotely monitored CCTV, and other multiple layers of security. Different sizes of safe deposit boxes are made available as per the client’s requirement. The sizes are categorized mainly into small, medium, and large.Finchley Safe Deposit Vault Ltd. 32 Lodge Lane, London, N12 8jj, United Kingdom +44 20 8446 0777
This company is located in London and offers safety deposit boxes that are protected from any kind of natural calamity, including flood and fire. The belongings of the customers can be accessed only through an earlier established appointment. Th vault is secured by 24-hour CCTV monitoring and guard monitoring, as well as red care security alarm system and automatic fire detection systems. The access is through biometric fingerprint reader. The fee structure to rent these boxes is very reasonable.Foreversafe 314 High Street North, Manor Park, London, E12 6SA, United Kingdom +44 208 548 9286
This storage company provides one of the highest levels of security, having incorporated multi-layered identification which also includes biometrics and facial recognition. Secure viewing facilities are also offered. And the prices are very reasonable.Glasgow Vaults 10-12 Albert Drive, Glasgow, United Kingdom +44 141 343 1305
This is Scotland’s only independent safe deposit box facility, which is also a member of the Safe Deposit Federation. This is a sister company to Merrion Vaults, the largest independently owned safe deposit box center in Ireland. Glasgow Vaults offers safe deposit boxes of all sizes to suit the requirements of each of their client. One can even store large objects such as valuable furniture. The company has cutting-edge security and sophisticated technology for safekeeping the vault, surpassing the standards of any bank. The vault is VDS tested, unlike bank vaults. Clients can open two types of accounts: personal and business.Harrods Bank Ltd. 87-135 Brompton Road, Knightsbridge, London SW1X 7XL, United Kingdom +44 800 387704, +44 20 7225 6789
This is one of the oldest safety vaults which has been functioning since the Victorian period. The facility dates back to 1896. The building is extremely strong and completely secure. The safety deposit box size varies from a small box to a whole strong room, as per the clients' requirement. The facility has incorporated the latest technology in its security system having a state-of-the-art surveillance system, police alarm, electric gates, and solid steel walls.Heathrow Safe Deposit Limited 113a The Broadway, Southall, Middlesex UB1 1LN, United Kingdom +44 20 8574 5009
The company is certified as having the highest resistance grade vault in Europe. It is located in South Hall, London, and is a premier safety deposit box. Clients can feel secure storing their valuables in individual private safe deposit lockers here, as it is a private vault. The safety deposit boxes come in various sizes to cater individual clients' needs. The security system involves biometric scanners for fingerprint recognition, advanced facial recognition equipment, access cards with personal identification numbers, high Definition CCTV, multiple alarm systems monitored 24 hours a day, 7 days a week. It also offers highly trained staff security escort to your vehicle.Metropolitan Safe Deposits Ltd. 89 New Bond Street London W1S 1DA, United Kingdom +44 20 7581 1212
The company was established in 1930’s and has been providing secure storage service to its clients since then. It has vaults located in two places, one in Knightsbridge and the other in St. John’s Wood. Both vaults have the highest level of security since the latest technology in terms of security has been incorporated in this facility. Each safe deposit box in the vault is also individually alarmed and comes with an insurance of 10,000 Pounds.The Safety Deposit Centre Ltd 31, Frederick Street, Birmingham, B1 3HH, United Kingdom +44 121 233 0167
The company offers safe deposit boxes of various sizes. The vaults are completely secure and are flood and fire resistant. Surveillance cameras record 24 hours a day and cover all the areas of the vault. State-of-the-art alarm system in place. Access only through biometric and fingerprint authentication. Only one client is allowed into the vault at a time. The facility provides discreet services.UK Safe Deposit Lockers 37 King St, Southall, Middlesex UB2 4DQ, United Kingdom +44 208 843 0103
The facility offers a selection of lockers of various sizes. State-of-the-art electronic security protects the vault. High definition CCTV covers the entire area monitoring the facility 24 hours a day. The vaults are Grade 8. Maintains absolute client discretion. Clients can access their valuables at any time they want as the facility is open 7 days a week.Vault Safe Deposit Centre 71 Market Place, Leicester, LE1 5GF, United Kingdom +44 116 262 3248Midland Safe Deposits 355-357 Stratford Rd, Birmingham B11 4JY, United Kingdom +44 121 771 1002Mint Safety Deposit Boxes Mint Safety Dep 94B London Road Leicester LE2 0QS, United Kingdom +44 345 222 3456Neelkanth Safe Deposit Ltd. 2, Beaconsfield Road, Southall, UB1 1BA, United Kingdom +44 20 8843 9920Newcastle Vaults Basement Level, 2 Cathedral Square - Cloth Market, Newcastle Upon Tyne, NE1 1EH, United Kingdom +44 191 249 4789Parrett Storage Parrett Works, Martock, Somerset, TA12 6AE, United Kingdom +44 1935 825734St James Safe Deposit Co Ltd. 77 Oxford Street, Manchester, M1 6EG, United Kingdom +44 161 236 4177Secure Deposits Limited 129 Belgrave Road, Leicester, LE4 6AS, United Kingdom +44 116 216 9689Securus Safe Deposit Box Centre 304-306 Preston Road, Harrow, Middlesex, HA3 0QP, United Kingdom +44 20 8908 2200Selfridges & Co 400 Oxford Street, London, W1A 1AB, United Kingdom +44 113 369 8040Sharps Pixley 54 St James's Street, London SW1A 1JT, United Kingdom +44 20 7871 0532SYSS Security Unit 224, 88 Queen Street, Sheffield, South Yorkshire, S1 2FW, United Kingdom +44 114 2513538Sovereign Safe Deposit Centres 90-92 Pinner Road, Harrow, Middlesex, HA1 4JD, United Kingdom +44 20 8863 1114Bank Safety Deposit Centre | The Bank SDC 919 Walsall Road, Birmingham, West Midlands, B42 1TW, United Kingdom +44 121 357 3094Safe Deposit Centre Victoria House, Great Ancoats Street, Manchester, M4 7DB, United Kingdom +44 161 273 7487UK Security Services Ltd Unit 4, Boars Head Industrial Estate, Derby, DE1 2BU, United Kingdom +44 1332 369668, +44 1332 369668Vittoria Safeboxes Limited 1-7 Vittoria Street, Vittoria House, Birmingham B1 3ND, United Kingdom +44 121 679 0516Zelley Securities 35 St Giles Street, Norwich, Norfolk, NR2 1JN, United Kingdom +44 1603 621196Zurich Safe Deposits ltd 1236-1238 Leeds Road, Bradford, BD3 8LG, United Kingdom +44 1274 665999
Tax on Precious Metals in the United Kingdom:
The United Kingdom has recently decided to exit the European Union but it still has similar sales tax policies as EU when it comes to gold and silver. The bullion tax on precious metals in the United Kingdom is 20% (the country’s VAT), except for the acquisition or import of specific gold bullion items, which are tax-free across the entire European Union (certain UK gold coins are also exempted). According to the EU law, “investment gold” is exempted from the existing bullion tax, and it refers to a) gold bars or wafers (with weights accepted by the bullion market) of a purity greater than .995 and b) gold coins which are at least .900 pure, are minted after 1800, have been or are legal tender in their country of origin, and are sold at a price which doesn’t exceed by more than 80% the open market value of their gold content. However, silver, platinum, and palladium bullion items are still subject to VAT, so you should keep in this mind when investing in precious metals in the United Kingdom. Also, the UK's Capital Gains Tax (CGT), the tax on the profit gained when you sell or give away your valuables, is not applied to gold and silver coins which are legal tender.
Since we are not tax experts, Bullion Exchanges strongly advises you to cross check with a tax professional before making any precious metals investments in the United Kingdom.
Shipping to rates in the United Kingdom
The import duty rate for importing gold bullion into the United Kingdom is 0%, the import VAT is 20%.
Local Gold and Silver Dealers in the United Kingdom:1. Britaly Coins Ltd. Address: 1 Lumley St., Mayfair, London, WIK6TT United Kingdom Phone number +44 7482014894, +44 7482013363, +44 7479862432 Hours of Operation: By Appointment Only Services: Retail and Newsletter. Specialties: Gold Coins, 19th Century Silver Coins, 20th Century Coins, Modern Coins, World Coins, Bullion Coins, and Ancient Coins.
Smelters & Refineries in the United Kingdom:
Smelters extract various metals from the ore and create refined precious metals products. Silver and gold smelting is typically conducted by a professional precious metals refinery, such as Bullion Exchanges. The United Kingdom also has numerous plants where refining silver and gold are performed. Pick a gold or silver refinery listed below or allow us to help you in melting gold or silver for you:NTR Metals 104-105 Saffron Hill, Hatton Garden, London, EC1N 8HB, United Kingdom +44 20 7831 9888JBR Recovery Ltd. Argentor House, Oldbury Road, West Bromwich, B70 9BS, UK +44 121 525 1691AWA Refiners 7 & 10 Mead Park, River Way, Harlow, Essex, CM20 2SE, United Kingdom +44 1279-423-743Johnson Matthey Precious Metal Refining Orchard Road, Royston, Hertfordshire, SG8 5HE, United Kingdom +44 1763 253000Britannia Refined Metals Botany Rd, Northfleet, Gravesend DA11 9BG, United Kingdom +44 1474 538200Engelhard-CLAL UK Ltd Davis Road, Chessington, Surrey, KT9 1TD, United Kingdom +44 20 8974 3000Sheffield Smelting Company Limited PO BOX 4, Earl Road, Cheadle Hulme, Cheshire, SK8 6QGBaird & Co. 20 - 21 Gemini Business Park, Hornet Way, London, E6 7FF, United Kingdom + 44 20 7474 1000