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ShropshireTom
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Posts posted by ShropshireTom
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In my experience they vary from the quite reasonable to the daft expensive (compared to its metal values anyways). They tend to command a much higher price if they have been counter stamped. Some multiple counter-stamped examples get a very favourable price indeed.
I used to see these all the time years ago and sell them as scrap, wish I had kept a few of them!
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1 hour ago, Skyfiller said:
Have 2 gallons of diesel here.
Willing to swap for a doctors appointment.
I don’t have a doctors appointment to trade for it, but I believe it’s roughly equivalent in value to the fractional HGV drivers I have for sale. 2 Gallons will get you a rare 1967 vintage 1/100d (don’t confuse the d for old pence, that’s d for driver). What do you say??
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I’ve been eyeing BYB stuff for a long while now, but haven’t until this release purchased anything. I’m really impressed with the 100g forum bar - don’t know why I waited so long! Great bar and looks awesome. Cheers BYB!
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Hi,
Could I go on the waiting list too please?
Thanks
Tom
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On 15/08/2021 at 19:01, Pete said:
Needing to source some recent issues I was comparing prices for say the 2021 silver Maple.
The lowest price I could find in the UK was £30.49 including shipping.
GS.be show this for £20.75
Unfortunately the shipping and VAT distort things so I was wondering if anyone has been able to buy a single coin ( or a small order ) from anyone in the EU and succeeded in receiving your coin(s) without VAT and handling charges.Hi Pete,
I succeeded in buying a couple of coins from @PowerCoin earlier in the year and they came through with no issues and without attracting VAT. I think a lot will depend on what is written on the customs slip. However, a few old coins from the continent from fleabay have the VAT added by **** Turpin himself at the time of purchase, which doesn’t even give you the chance to risk it.
Hope that helps tour thought process some.
Tom
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23 hours ago, leotsend said:
I'm actually something of a fan of trying to waste these guys time. Usually the scam will take you through to a call centre and they'll try to persuade you to give them info or type in something so they can grab your computer remotely. I put them on speaker phone at my desk while I'm working on something else and just take ages to do what they tell me. Up to the crucial point that something they do may be damaging, then just change the topic or muck about.
Record is 15.35 mins. However, I if you want to see a professional, YouTube Kitboga. Glorious.
I like doing this too. My favourite are the ambulance chasers. Not so much fraud as bottom feeders granted, but easy sport. “Yes I had an accident” is all it takes - and they are on the hook! I often make up injuries to body parts I’ve made up. Haemorrhage of the oblungta, internal damage to my gnosifum etc. Occasionally I’ve told them I died and they chat away for another couple of mins.
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9 hours ago, 27carrots said:
If you are buying in the states I would be looking to stack up on the veinte pesos rather than the 50 pesos. You can get as many 50 pesos as you like here for no more than 5% premium and sometimes less but the veinte pesos are more like 25% premium.
At apmex the premiums are more balanced at 7% and 9%.
https://www.apmex.com/category/13080/mexican-gold-pesos-1959-prior
Gold eagles seem overpriced there as well at about 10% an ounce.
Thanks, I hadn’t even looked at the other denominations. Appreciated - I’ll start doing some research 👍🏻
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1 hour ago, Roy said:
I'd be more interested in finding out about inheritance tax and duties.
Sorry for your loss Tom and I don't mean to be negative but I think the US is very thorough concerning 'monies owed'?
I don't know the full story so take this with a pinch of salt 👍
Thanks Roy. Luckily for me my cousin is a tax lawyer in NC so it’s all already sorted for payment when the property sells. Interestingly, largely the tax bill is paid in the UK under some agreement to only tax inheritance once. However there are sales taxes etc to be paid.
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I’m hoping for some shop recommendations and a steer on UK premiums for gold Pesos.
Bit of a long story, but this year I will have to sell my late Father's house in Virginia. Whilst most of the money will be sent back to the UK, I thought I’d take the opportunity to get a few coins whilst I will be in the US. My family are in Greensboro NC and I will be spending some time emptying the house in Virginia too.
Google has supplied plenty of details of coin shops and Pawn shops, but I was wondering if anyone (either side of the pond) has any personal recommendations? Same goes for the US websites - of which there are plenty!
Finally, the gold libs seem as scarce in the US as they are in the UK, but the chunky 50 Pesos coins seem somewhat more readily available, what kind of premium do they carry in the UK? As always, I’m using as a store of value rather than trying to turn a profit, so I will likely have them for a while. I don’t mind paying a premium I will likely see back at sale time (spot price fluctuations aside) but don’t want to pay a US premium I’ll never see again in the UK.
I do like the Gold Eagles too, but Libs are a personal preference. I might get an ounce of Plat too if I can find an Eagle competitively priced.
Thanks in advance for any info provided. I will be carrying it on a plane so I also won’t be bringing back a huge haul.
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Well that’s an interesting question without a simple answer! At its most basic, silver - like all metals and most commodities - has a spot price. That’s the market valuation of a resource in a readily utilisable form - I’ve spent most of my career in metal (not PM’s though) and spot prices are very widely used as a staple price guide. From there, there is the spread - the % difference that dealers will buy and sell at and so make their profit. For PM’s this may be relatively small, up to 5% for gold but often a couple of percent. For copper and titanium, to use as random examples, this may be as high as 20% depending on several factors.
The spot price is not guided by simple supply and demand, though it does have an effect. It is rather more heavily impacted by market sentiment and outlook. For example, I traded several millions of pounds worth of copper when demand was relatively low but economic outlook for the Far East was very good and prices were correspondingly high. Careful timing led to a handsome profit for my employer.
With PM’s, there’s a lot of other factors. The form of the Silver plays a big part. Bars, coins and bulk ingots carry differing premiums. Proof silver of a rare coin such as a Libertad will carry a much heavier premium than a cast kilo bar. I won’t comment on the vagaries of PM markets as I would be commenting on a hobby that I find interesting rather than from a place of experience and knowledge. Maybe my knowledgable friend @Pete could offer some of his wealth of knowledge on this subject as his knowledge of the PM world is surpassed only by his generosity of time spent assisting those of us with less experience. @BackyardBullion and @ChrisSilver also offer very sage words indeed on the subject. I can whole heartedly recommend @BackyardBullion YouTube channel for a source of bullsh1t free refreshingly level headed information and opinion.
Finally, decide the reason for your foray into the PM market. A store of value is a very real and well guided reason for PM investment. Timing the market and trying to win big is not necessarily the best reason reason - though it has been done and undoubtedly can be done again with sufficient research and dedication. Hope that helps you out a bit.
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13 hours ago, sellerstacker said:
Thanks sounds like a good starting point. I will list some of my stuff here. I will start with small £15 - £20 articles and see where things take me.
Hi - my recommendation for selling this stuff is as follows:
Pre-1920:Crowns & Double Florins - list individual years with pic as people like these and collect them.
Half Crowns & Florins - small lots of 5 to 10 coins seems favourite unless it’s very rare, also easy enough to sell individually.
everything else - often easiest to sell in larger batches by weight unless you know your coins to be particularly good condition or rare.
post 1920 50%:
Sell in lots by weight at spot or just above.
I buy and sell a bit of pre-decimal and there’s always a market. I’ve brought plenty from here when it’s keenly priced and my observation it sells quickly and reliably to forum members. Good luck with whatever you decide to do
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Can I get on the waiting list please?
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As per the update, no customs charge. Hence the update that may have been of use to others waiting for silver front he continent from previous-Brexit. But me not getting charged does not mean that others won’t be incorrectly charged and have to reclaim.
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3 hours ago, HillWalkerDundee said:
The point is that neither the supplier, DHL, RM nor HMRC are above the law. All VAT registered businesses are well aware of the law so the chances of an error being made is minimal. Your supply date will be mid to late December and would never have attracted additional charges. Anyone with a date of supply post BREXIT transition period will incur charges.
The chances of Royal Mail or HMRC making a mistake are minimal? I want to live on your planet!
I received a text from RM followed by an email saying: “Just to let you know, it’s likely there will be a Customs charge to pay for this item” so was keeping people informed in this relevant thread.
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2 hours ago, HillWalkerDundee said:
Shropshire
Again, it is down to the date of supply irrespective of when it was ordered or received. Look at your invoice, it will have a date of supply and this will be 31/12/2020 or before.
Yes I’m not struggling to understand, what’s your point? HM Customs can be a bit gung ho regardless of purchase date. Was sharing as a case study given the text from RM about paying duty even though it shouldn’t be levied.
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On 06/01/2021 at 07:03, ShropshireTom said:
Hello all,
For everyone’s information and hopefully of some use:
I ordered some 2020 1oz Libertads mid December from Germany, they were packaged and sent to DHL the same week (W/c 14th Dec). They were then held up and I had a note from DHL apologising for the delay which meant it didn’t move for the rest of that week. By W/c 21st nothing was moving because of the virus.
Just had an email from Royal Mail today telling me it will likely incur a customs charge because of the value.
I will be trying to reclaim as it was purchased in December and I can prove it. Thought I’d share as a flavour of things to come in the hood somebody finds the info useful.
Follow up to the above - my Libertads arrived from Germany without a customs charge - I presume because of the purchase date. The text from RM was genuine and was followed by the tracking info and delivery date. Won’t make any difference for purchases made in 2021 I suppose, but maybe a ray of hope for those who are awaiting deliver of silver purchased in 2020.
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2 hours ago, BackyardBullion said:
Just be sure that email is not a scam, lots of email scams going around - also, why are royal mail emailing you instead of DHL?
Thanks very much and will be vigilant. I think DHL operate a lot of general post in Germany and they partner with RM in the uk, had it a few times before. Appreciate the heads up 👍🏻
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Hello all,
For everyone’s information and hopefully of some use:
I ordered some 2020 1oz Libertads mid December from Germany, they were packaged and sent to DHL the same week (W/c 14th Dec). They were then held up and I had a note from DHL apologising for the delay which meant it didn’t move for the rest of that week. By W/c 21st nothing was moving because of the virus.
Just had an email from Royal Mail today telling me it will likely incur a customs charge because of the value.
I will be trying to reclaim as it was purchased in December and I can prove it. Thought I’d share as a flavour of things to come in the hood somebody finds the info useful.
British Trade Dollars - Demand & Prices & Pics
in Silver
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I wish I had some left! I remember a few that I didn’t have the heart to scrap and had them put to one side. I’ll have a dig and if I can find them I’ll let you know. I wouldn’t bet on it though 🤣 my junk cupboard probably has 100+kgs of .925 and below silver. If they are in there they will take some finding.
most conversations in my house start “What the f*ck is that? You are actually half magpie, aren’t you?! I know what you are going to say, don’t even think of saying “But it was cheap”! And if I hear you quote spot price one more time I’m going to scream.”
and just so you know, the response of “Well if we extended the garage, I could spend the money on expensive, unreliable, heap of cr*p expensive Italian cars and motorcycles instead of precious metals.” Absolutely does not work 🤣🤣