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BullionBob

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About BullionBob

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  • Gender
    Male
  • Location
    Sunderland
  • Stacker/Collector
    Stacker

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  1. BullionBob

    Junk silver.

    When you say junk silver, are you referring to USA 90% silver? If so, I often purchase similar lots on ebay. Try searching either 'USA silver coins' or 'USA 90% silver' or sometimes even ' constitutional silver.'
  2. I didn't realise having more than one account was an option. However, i think the same thing would probably happen in a matter of months, based on my recent experience.
  3. I did take a close look following the advice from Backyard and I think I have no choice other than the sole trader option. Some of my recent purchases from dealers, auctions etc have been purchased with the intention of making a profit in a short space of time. I guess I will see how things go over the next 12 months and review my situation to see if it has been worth it. To be honest, i would have thought many others on the forum would be in a similar position but i appreciate each individuals circumstances are different.
  4. I don't intend to go over the threshold, certainly not anytime soon. Will see how the next 12 months go.
  5. Thank you for all of the replies. A quick update - Contacted HMRC and it was a quick and simple process to register as a 'self employed' sole trader and will need to file a tax return each year. Just allows me to continue selling from time to time without having to worry about the potential consequences further down the line. It's amazing how quickly turnover increases when selling PM's and i can now breath more easily, comfortable that all of my ducks are in a row! Thanks Rob
  6. Thanks for the replies guys, there is certainly a lot to consider. Will look into this further today and make a decision. I know there are some people on the forum who list on ebay and wondered if anyone else may of encountered the same scenario. Thanks Rob
  7. I'm still quite new to the forum and have noticed you need to be a fairly established member to attract buyers. I will at some point, begin to list items on here.
  8. Great advice, I will pop a call into HMRC tomorrow. Thanks Rob
  9. Thank you for your response, I will certainly look into this further. I have always viewed PM's as a way of saving money and then only selling when needing to do so. However, due to working from home and the increased prices, it looks like i have sold enough to flag up on the ebay system. I have no intention of selling continually, although I would still like to have the option of using my ebay account periodically. I guess I will need to speak to an accountant to enquire about the potential costs etc, before making a final decision. It never crossed my mind that this would be an issue, especially as we are not talking about huge sums, compare to some sellers on ebay. My maximum listing were approx. 20 items but i have noticed some sellers have in excess of 250 items and appear to be operating from private accounts. Thanks again Rob
  10. Hi I have been listing a variety of silver and gold on ebay since the beginning of April to help pay some bills. Last month, ebay requested that I must convert my account to a 'business' account and as of today, they have suspended my account for selling purposes and cancelled my 7 active listings. However, I work full time and do not have any form of business, so do not feel comfortable converting my account. Also, if i converted my account, would I have to register a business with HMRC and use a business bank account? I have collected Silver for many years and have mainly used ebay as way to free up some cash from time to time. I would be very grateful if anyone could offer any advice on the subject. Thanks Rob
  11. Well done to the winners, was a fun competition to be a part of. 😀
  12. Thank you for the tag. I will take this, if still available.
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