In Austria and Germany in particular, many private households not only have gold jewelry in their jewelry boxes, but also investment coins or gold bars in their possession. Regardless of whether it is used as an "iron reserve," family jewelry, or as the basis for assets, gold is therefore also regularly inherited. twiWe have summarized for you what to look out for when inheriting gold.
I have inherited gold. What can I do with it?
Since inheritance tax and gift tax were abolished in Austria in 2008, you also do not have to pay tax on your gold inheritance. However, if the sum of the inherited values exceeds 50,000 euros, there is a reporting obligation to the tax office. The same limit also applies to gifts from relatives and life partners. If you have received gold as a gift or inheritance from a stranger, you must even report to the tax office if the amount exceeds 15,000 euros. All physical gold and gold jewelry are classified as tangible assets.
Heirloom
If you have inherited gold jewelry, the question usually arises what value the heirlooms have at all. We are happy to offer you a free and non-binding valuation of your jewelry in our branches in Vienna, where we examine each piece individually and determine how many carats, so actual gold content they have.
If it is not rare, unique family jewelry with sentimental value that you really want to wear yourself, it makes sense to sell jewelry from an estate or to exchange it for investment gold. This is because jewelry - unlike bullion coins or bars - is not suitable for asset protection.
Investment gold
Wenn sich in Ihrem Nachlass kein Schmuck, sondern Gold, Silber und Co in Form von Münzen und Barren befinden helfen wir Ihnen gerne weiter. Der Wert von Goldbarren und gängigen Anlagemünzen, wie Goldene Wiener Philharmoniker oder Golddukaten, orientiert sich am Goldpreis und kann jederzeit im Internet (z.B. auf unserer Preisübersicht) recherchiert werden. Sollten Sie eine Münzsammlung geerbt haben, können wir Ihnen helfen Sammlermünzen aus aller Welt erkennen und Sie an vertrauenswürdige Numismatiker weiterempfehlen.
If you want to turn your inherited gold into money, Gold & Co is the right partner. Besides luxury watches and antique jewelry, we also accept damaged jewelry, inherited silverware as well as old and broken gold. With us you can sell heirlooms of gold, silver, platinum as well as palladium at top prices. Of course, we also buy coins and bars.
We not only work together with notaries and executors, but are also happy to take the time for a detailed consultation - of course seriously and discreetly!
I want to leave gold to my heirs
If you want to leave something of lasting value to your heirs, gold is ideal for this. However, we recommend that you always bequeath gold and other precious metals in the form of investment assets.
Bequeath jewelry
Heirlooms in the form of necklaces or rings can hardly be divided fairly among the heirs. Especially if the value of the individual pieces of jewelry is unclear. It is not uncommon for a "favorite piece" to be made of an alloy of low value and at the same time for supposedly antique jewelry to be made of gold with a high carat value.
To divide the estate fairly among several heirs, it is advisable to exchange jewelry for bars or coins. Their value - unlike jewelry - can easily be determined by oneself and without an expert.
Inherit gold coins & bars
If you want to bequeath gold, we recommend acquiring physical gold in the form of bullion coins and tradable gold bars. Such investment gold products are not subject to VAT in Austria - as in the entire EU - are easily tradable and a crisis-proof store of value.
An inherited gold coin or bar is usually remembered by the heirs for a long time. At the same time, if necessary, they can convert the gold into cash at any time without any problems. And thanks to the upward trend in the gold price, your heirs can even benefit from an increase in value.
Mention gold in the will or dedicate heirs
It is not uncommon for gold to be untraceable to heirs upon death. If you do not store your physical gold in a home safe, but have deposited it in a safe deposit box or hidden it somewhere at home, make records to attach to your will and consider already letting the future heirs know.
Bear in mind that even before this, a stroke, dementia or simply "normal forgetfulness" can mean that your estate is not distributed as you would wish. A notarized "treasure map" helps to prevent this.
Gold&Co. – Ihre Experten in Wien
Egal on Sie geerbten Schmuck verkaufen möchten, Erbschmuck in Anlagegold tauschen möchten oder Gold als Vorsorge für sich und ihre Erben kaufen möchten, sind wir Ihr seriöser Partner. Kontaktieren Sie uns oder kommen Sie in einer unserer Filialen in Wien vorbei. Wir nehmen uns gerne Zeit für Ihr Anliegen, und beraten kostenlose, unverbindlich und vor allem kompetent.
