In Singapore, Investment Precious Metals (IPM) are exempt from the Government’s Goods and Services Tax (GST) staring on 1 October 2012. However, only Precious Metals in the form of a bar, ingot, wafer and coin that meets certain criteria can qualify as IPM. Bullion, jewellery, numismatic coins, scrap Precious Metals, Gold or Silver in collectible

Those of us who purchase coins know that coins usually incur higher premiums compared to bars. We know it and yet we continue to do so, sometimes even incurring premium differences of more than 15%. The question is why? Today, we’ll discuss a few of the possible reasons and see if they continue to remain