This is the price you will pay to purchase this product. It is composed of the METAL VALUE, the FEES, and the VAT (Note: gold is VAT-free in Switzerland).
This is the amount you will receive if you sell this product back to us immediately. GOLD AVENUE does not take any commission on the buyback and will pay you the full metal value at the time of your sale.
The fees (also called "premium") include the production and operational costs (production, handling, warehousing, etc.), as well as our margin.
VAT (Value Added Tax):
In Switzerland gold is VAT-free, other precious metals are charged a 7.7% VAT rate (the lowest in Europe).
Characteristics of the Noah's Ark Armenia silver coin
The 1 oz Noah's Ark fine silver coin is issued by the Central Bank of Armenia and is a legal tender in the Republic of Armenia.
This 1 oz silver coin was first launched in 2011. Since then, it has established itself well in the global market and has been a popular choice among precious metal investors.
Obverse (front) of the Noah’s Ark silver coin
The obverse of the coin features the Armenian Coat of Arms, face value in Armenian Dram, as well as the purity, the weight, and the year of issue of the coin. The lettering “Republic of Armenia” in Armenian and English languages surrounds the ensemble.
Reverse (back) of the Noah’s Ark silver coin
The reverse of this popular coin features Noah’s Ark, a white dove with an olive branch in its beak as a symbol of peace, and Mount Ararat with a rising sun in the background. The edge of the coin has the lettering “Noah's Ark” in Armenian and English.
Why is the Silver Armenian Noah's Ark coin VAT-FREE?
This 1 oz silver coin is a special VAT-FREE product stored in a secure Swiss Freeport: an economic area where the 7.7% Swiss VAT on precious metals does not apply. It is therefore exempt from the 7.7% Swiss VAT rate and stored outside the banking system. You can resell this product to us 24/7, instantly, and without commission (0%).
Invest in the Noah’s Ark silver coin
These silver coins make an ideal investment, or perhaps a perfect addition to your precious metals collection. As a physical, allocated asset, and a national coin with historical and face value, silver bullion coins such as Noah’s Ark are unlikely to lose their value over time and can be a way to protect your wealth against inflation or economic crisis.
As a legal tender in Armenia, the production of 1 oz silver coins Noah’s Ark, started in 2011, is subject to the strict requirements of the Armenian Central Bank. The weight, purity, and quality of the coin are checked and guaranteed by the State of Armenia.
History of the silver Noah’s Ark coin
The history of this silver coin has its origins in the Bible.
According to the Bible, Noah’s Ark was stranded in Mount Ararat after the Flood, while a Persian legend refers to Ararat as the cradle of the human race.
Armenia’s local tradition maintains that the Ark still lies on the summit of Mount Ararat, but that God has declared it invisible.
But some explorers who have reached the summit of the mountain allegedly claimed to have sighted the remains of the Ark.
Mount Ararat is the Armenian national symbol and forms a central part of the Armenian Coat of Arms.
What are VAT-FREE products?
VAT-FREE products are products stored in a secure Swiss Freeport: an economic zone where the 7.7% Swiss VAT on precious metals does not apply.
Our VAT-FREE products are therefore exempt from the 7.7% Swiss VAT rate and stored outside of the banking system.
You can resell your products to us 24/7, instantly, and without commission (0%). These products are for storage only, delivery is not available as they can only remain VAT-FREE if they are stored in GOLD AVENUE’s freeport vault.
What is a PREORDER?
With our PREORDER feature, you can buy an out-of-stock product before everyone else. This feature allows you to preorder from a large selection of our best selling products as soon as they are in production.
Stored products bought in PREORDER will be available for resale once they are physically stored in our vaults. For deliveries, all products in your order will be shipped once the PREORDER products are ready.
How does a PREORDER work?
Order a product in PREORDER.
We give you an estimated date for your delivery/storage.
When the PREORDER product is ready it will be stored or delivered directly.
Complete this order to start an Auto-Savings plan. Easily manage, pause, or cancel your next Auto-Savings orders at any time from your account.