Atkinsons Bullion & Coins
Back to November 2022

A question we are often asked by those new to gold and silver investment is whether they should buy pre-owned or new coins. This article will answer your questions about pre-owned bullion, as well as explaining which products could be the best for you if you wish to get the most physical gold or silver for your money.

The benefits of buying pre-owned coins

In today’s online market, new coins and bars are often sold at competitive premiums. However, these new products often attract costs such as manufacturer's premiums and delivery, and so are generally more expensive than second-hand ones.

With the exception of coins with numismatic, historic, or collectible value, the value of a pre-owned bullion coin is determined only by the current market price of the precious metal, and bullion dealers will often sell pre-owned gold and silver at lower premiums than new, saving the investor money.

Where do pre-owned coins come from?

Many of the pre-owned items we sell at Atkinsons are bought from previous clients, which means we often know the provenance of these products. When received, each coin or bar is thoroughly checked by our experienced appraisers and is tested using the latest technology to ensure we are confident that the pre-owned product we are selling on to our clients is 100% authentic.

Buying Pre-Owned Gold Coins

Second-hand gold coins often represent excellent value, with some of the items seen most frequently being Gold Sovereigns, Britannias and Krugerrands. Many of these are sold as ‘mixed dates’ at an even lower premium than other specifically dated coins and are particularly popular with our customers. These are restocked regularly so it’s worth checking back often if you are hoping to buy some gold at a lower price.

On some occasions, especially with the UK coins, the pre-owned gold coins we sell on our site can often only be a few months or years old. Clients often sell full tubes of coins to us too, sometimes having never even opening them - these are pretty much as good as new.

Buying Pre-Owned Silver Coins – VAT Free

You can really pick up an excellent bargain with second-hand silver coins, especially Britannias and Canadian coins. As we use the second-hand margin scheme, this means we are able to sell most of our pre-owned silver coins back to our customers without charging any VAT on top. This can obviously make a big difference to the retail price, meaning great savings for silver investors – so if you see any of these VAT Free silver coins, it’s a good idea to grab them as they tend to sell out quickly.

Demand for silver has spiked during the last couple of years, making it more difficult to get hold of. However, buying pre-owned could be a good way to get your hands on some silver coins, so it’s worth regularly checking back with our ‘pre-owned silver’ page as we update it as soon as stock arrives with us.

Should I buy new or pre-owned coins?

For investors who are looking to get the most physical gold or silver for their money, buying pre-owned can often be the best option.

New coins are usually bought from various mints or brokers, attracting costs such as manufacturer's premiums and are therefore more expensive than second-hand ones. With the exception of coins with numismatic or collectible value, bullion dealers will often sell pre-owned gold and silver coins at lower premiums than new, saving the investor money. Silver investors also have the opportunity to save money on VAT by purchasing pre-owned silver coins.

If you are considering buying gold or silver coins, why not take a look at our Pre-Owned section? You may be surprised at the savings you could make. If you need any more information about gold and silver investment, please feel free to contact our team on 0121 355 0620 or send an email to

Buy Pre-Owned Gold

Shop Pre-Owned Gold

Buy Pre-Owned Silver

Shop Pre-Owned Silver

This blog represents one person’s opinion only. Customers should conduct their own research and take advice before making an investment. We do not offer investment advice.


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