Value added tax

Please note: The following information's (state: 2/26/2000) are without guarantee. The topical sales tax law (UStG) and the sales tax implementing provision (UStDV) is applicable.

Most coins are booked with the respective reduced VAT rate (currently 7%).Golden coins or silver coins whose net price amounts less than the 2.5-fold of the precious metal value - the average of the last month of the Fixing on the Frankfurt stock exchange has been applied, are booked with the full VAT rate. Coins above this value are free of value added tax. For silver coins this regulation is valid only for those coins which are included in a list of the Federal Ministry of the finances (reflects the majority of coins). Golden coins valid for exchanges are free of value added tax. Accessories are calculated with the full value added tax, literature with the reduced rate. All prices quoted in this catalogue are gross prices incl. value added tax.