Jump to content
  • The above Banner is a Sponsored Banner.

    Upgrade to Premium Membership to remove this Banner & All Google Ads. For full list of Premium Member benefits Click HERE.

dikefalos

Member
  • Posts

    1,222
  • Joined

  • Last visited

  • Trading Feedback

    100%
  • Country

    Germany

Everything posted by dikefalos

  1. There where many good offers in the past. And parcels from Belgium won't go through spanish customs, but direct to your home. European Mint was the same, but now they will have to quote VAT. Can't see them no more competetive, if they don't lower their margin. But as long as it goes, buy buy buy.
  2. @sixgun This margin scheme dealers in Germany are using, is only good for countries, which have no import taxes for goods from Germany. For sales outside of the EU, you don't have to pay VAT in Germany, so you pay 19% less and pay UK import VAT. If you pay a margin schemed coin, their is no VAT showen, but you paid it. Belgium has other VAT rules, than Germany, despite both are EU members. Many german stackers and collectors are buying from goldsilver.be, because for example they charge no VAT on platinum and we have no import tax, because we are both EU members. If i remember right, they also doesn't charge VAT on silver, but not sure about it. And the margin scheme is not a loophole, try to translate the letter of germany's ministry of finance 2021-12-01-gold-silberpreis-2022.pdf
  3. If he says, that there is 7% VAT on silver coins (bullion), so yes, he would be 9 years behind the time. I guess he knows it very well. Why he should use the margin scheme, like for the Brit you showed for example. On your invoice won't be any VAT showen. Almost every dealer in Germany uses this scheme for silver bullion coins, to avoid the 19% VAT. You only pay 7% VAT for silver coins in Germany, if they are official currency and if their value is 250% above spot. The value is set once a year by the ministry of finance. For 2022 631€ / kilo silver applies, so the reduced VAT only applies to coins that cost more than 49.05€ / OZ ex VAT. I tried to find something in english, that's the only one i found. https://news.bloombergtax.com/daily-tax-report-international/germany-mof-announces-vat-calculation-for-gold-silver-collector-coins If you search for "Differenzbesteuerung Silbermünzen" you will find many german dealer sides, explaining the margin scheme, just translate them. Here is the letter from german ministry of finance from 01.12.2021 for 2022, about which coins are eligible for reduced VAT rate. 2021-12-01-gold-silberpreis-2022.pdf But propably we are talking about the same and my english is too bad. So short, there is no 7% VAT on silver coins in Germany, but 19%. Some coins are eligible for reduced VAT rate, but for standard bullion dealers have to use a margin scheme (Differenzbesteuerung). If they buy an OZ for 20€ and sell it for 30€ they have to pay 19% VAT for 10€ (their margin), and do not have to show the 1,90€ on the invoice. And again, i guess Stefan knows this very well and could explain it much better in english, than me
  4. Everything right, except the 7% on silver. This was until 2013, we had to pay in general 7% on silver coins. Only coins, no medals, bars, etc. Since 2014 they charge here 19% on everything made of silver, except collectable coins, official currency, worth minimum 250% over spot. But most of german dealers in Germany are using this margin scheme here for silver coins since 2014
  5. You live the dream of a flipper😉 If you come shopping to the next WMF and need a helping hand, i got a boat and could carry all your coins for free to Blackpool. Hopefully i will not have another boat accident. 😆
  6. Until 2013 we had 7% VAT on every silver coin. Since 2014 they raised VAT to 19%. Now we pay 7% only for collectables (official currency, worth more than 250% of spot) and 19% on bullion. There is another special VAT scheme for antiques and collectables. In this case the dealer has to pay only VAT for the difference between his purchase and sale, there is no VAT on your invoice. Most coin dealers in Germany use this scheme. And we had for 2020 after the covid restrictions lowered VAT (5% / 15%) for one year as a thank you for shutting everything down.
  7. You already paid VAT before Brexit. Just not in the UK. Most european countries have around 20% VAT on silver. I think Belgium and Lithuania hadn't to charge VAT on silver until this year. European dealers should be able to send VAT free to the UK, just like non european dealers are sending VAT free to the EU. Germany has a special VAT scheme on silver coins, it's not many of them here charging 19% on silver. You should ask before buying outside the UK for VAT free shipping, to avoid double paying VAT.
  8. This one is also a CIT coin, minted by B.H.Mayer in Munich. Like Micropuzzle, Mosaic Art, Clockwork Evolution and many other PowerCoin exclusives. Stunning coins. This is art and because they release a lot of different designs, there is something for almost everybody. https://www.cit.li/projects/ I don't work for PowerCoin, Numiscollect, or CIT. I'm just an absolute fanboy of these Smartminting coins
  9. There is quite a difference, between official colored coins and privately, or by a small company unofficial colored coins. There are collectors for unofficial colored coins, especially in eastern Europe. There are so many variations, cause everybody does, what he wants, but that's not for me. Official colored coins by the Perth Mint, like the colored Lunar bullion coins, are pretty popular in Germany. The coloring by PM looks really good, way better than any unofficial coloring. I had some in hand and mist say superb done by PM. They have an older video, showing their process My favorite artistic, modern coins are coming from CIT. I don't like everything, but almost all my favs are coming from them. They also started like 30 years ago with colored coins, or coins with inserts. Story is too long, but if you are interested in modern minting, this is one of the best podcasts, i ever listened to. They are pioneers, almost everything new we saw on coins, was first issued by them. Not everything nice, but for sure trendsetting. And, in my opinion, the most decadent coin i ever saw is also made by them. 5 OZ colored, or silverplated, gold Fighter Pilot. This one is not gildet, it's massive gold
  10. It's only worth for early years until 2000 to grade Pandas, or chinese coins in general. After 2000, especially after 2010, the mintages are crazy high and you will mainly loose money, if your coins doesn't achieve a 70. Even with a 70 it's not sure, that you'll see your money back. Propably you will sell a graded Panda easier, but usual for the same money, than a raw one, cause people are more sure not to buy counterfeits.
  11. This bar is way overloaded with cliche greek design. Just the Three Graces with a less intrusive background design could have been much better. Just my opinion. I still bought some 1 OZ in case, i will change my opinion when holding them.
  12. This is just one of the greatest modern coin sets. Propably the best, the RM released in my lifetime. Congrats for your gradings, just a dream.🥰
  13. Don't know, why i wanted to skip this beautiful coin. Now i'm excited about the next coins in the City Views series. Must be wonderful in bigger sizes. Also another 5 OZ James I. This time it came with a special hammered privy. Returned and will stop now the 5 OZ Monarchs. Dealer told me, all the 5 OZ they got have the same issue, this one was the less harmed coin. Got not the nerves to handle the next 19 coins with mails, returns, etc. But still a beautiful coin, a shame they messed it up.
  14. Coin was cast, sandblasted and hand finished
  15. That explaines me a lot. The longer i watch this bar, the less i like it. Even his 2022 Core Britannia looks better. I really was hoping for a banger, this one looks like from the mint-your-own tourist press at the Acropolis museum They are greek mythology, Zeus' and Hera's daughters. But the design looks like a greek tavern in Germany from the 70's. If my name would be sharon, i would say columns are grecophob and racist. And this bar isn't nice at all.
  16. Thank you @paulmerton, but my wish list has got a bit shorter right now. Not even close nice, as the Una bars. Looks ok, but not like a Great Engravers design. More like a Cameroon, or Niue issue. You know, if this is coming from Jody Clark?
  17. I saw that one at the World Money Fair in Berlin in 2012, or 2013. Impressiv, how small a ton of gold is. My day at the fair was over, i was just standing in front of it. With tears in my eyes. The whole day🤣 Wished, i had a trolley too🤣😆 Absolute gigantic
  18. That one was a bargain, fairly under spot. In fact it was the main prize at the Berlin Ninja Warrior competition. You just needed a ladder, a trolley and you had to fit through a small window. No hoover bags needed. The coin was a loan to the museum by a "collector", propably to save storage costs. Because the Museum didn't met for years several security requirements, the insurance is not liable and the owner has get some peanuts. The Ninja Warriors would allready have been free again, but they decided to took place at the Dresden Highland Games, during the court hearing for the theft of the Maple, and win as main prize a good part of Saxony's heritage, insurance claim around 110 million. For a better fit, the 100 kilo maple was later transformed into 1 OZ Maple Leafs. https://www.google.com/amp/s/amp.n-tv.de/panorama/Gefaelschte-Goldmuenzen-beschlagnahmt-article22241227.html Later they had a boating accident too, and almost nothing has been found until today. But they regret their doing and after 4,5 (four and a half) years in fully-heated-and-served-3-meals-a-day-with-paytv,-gym-and-swimmingpool-brand-new-prison in Berlin, they will be resocialized and will watch out for a job.
  19. No dings, dangs, dongs, or milkspots. I like this series a lot. And just 19 to go.
×
×
  • Create New...

Cookies & terms of service

We have placed cookies on your device to help make this website better. By continuing to use this site you consent to the use of cookies and to our Privacy Policy & Terms of Use