dikefalos

Also weird, that NGC POP report shows 103 Henry VII and 101 James I PF70 1 OZ Gold with "one of first 100 struck" label.

I am curious about the mintage figures of the silver coins. For George I, the 1 OZ was increased to 1350 and the 2 OZ to 750. Is there still up to 500 pregraded for the 1 OZ gold? And what is the NGC POP of the first three 1 OZ gold, has anyone followed this up?

Best thing with this situation is, I will buy more Sovereigns from now on.

I think the European Mint will face the same problems with a German tax office as goldsilver.be. As I said, I am not an expert and cannot give exact figures. Dealers from other EU member states also need a tax number in Germany from a certain turnover. I don't know how high the turnover is for goods sold to Germany, but I seem to remember it starting at €100k. When it comes to VAT for goods bought in Germany, it is not the Estonian law that counts, but German law and the trader has to tax at 19% or apply the margin scheme. Since the summer, however, there has also been VAT on silver coins in Estonia and since then the prices there have hardly been interesting for German customers. In addition, there are the rather high shipping costs. As a company, you get VAT refunded and deduct VAT from your sales price to the tax office. Simple example. The exemption for silver coins was that they could be differential taxed. Means trader buys for €20 and sells for €30 and only has to pay 19% on the difference, 19% from €10. Actually, 19% would be due on the total amount, €30, making a difference of about €3.80 on this amount. No German trader has really broken the law, just applied the exemption very broadly. E.g. importing Vienna Philharmonic orchestras back into the EU in order to apply the differential taxation. Since the regulation on differential taxation itself is very vaguely worded, I cannot imagine that retroactive taxation of dealers would be legally possible. Actually, this rule applies to art, antiques, or similar. And from 2014 until now also for silver coins imported into the EU. The situation is different for non-German companies that exceed a certain turnover with goods delivered to Germany without registering for VAT. They violate German, and possibly European, tax law and can be asked to pay for it. I believe retroactively for 10 years, plus a tax penalty of usually 100% of the evaded taxes in addition. As I said, I'm no expert, but my tax advisor always scares me.

I think it would cause big problems for smaller companies in particular. However, I think that retroactive taxation would not be legal. The loophole existed for almost 10 years and was tacitly accepted. Germany had a comparatively large silver market, but with the change in VAT that should be history. Collectors will continue to collect, but the numbers are likely to be manageable. Like goldsilver.be, the European Mint is likely to receive mail from the German tax authorities at some point, as they sold VAT free to Germany until this summer. Since the summer, silver coins have also been taxed in Estonia and the prices are no longer really interesting for German customers.

Just found an article on the subject. Dealers may face additional VAT payment on silver coins for the last 4 years. This is likely to cause economic difficulties for some of the dealers. https://amp2-handelsblatt-com.translate.goog/finanzen/recht-steuern/silber-haendlern-fuer-silbermuenzen-drohen-nachzahlungen/28744512.html?_x_tr_sl=auto&_x_tr_tl=de&_x_tr_hl=de&_x_tr_pto=wapp

19% VAT. Until now they where reimported, so the dealers could use the margin scheme.

https://www.edelmetall-handel.de/silber/silbergranulat.html Prices are including VAT, reputable company

Oooh, there are a lot of ghosts haunting German silverland right now. I'm no expert, but I'll try to summarise the situation in simple terms. Since 2014, 19% VAT has also applied to silver coins in Germany, apart from collector coins, and not only to silver medals, silver bars, etc. The VAT on silver collector coins has been left at 7%. However, there was, or is, an exemption as a transitional solution, the differential taxation. This means that traders only have to pay 19% on their purchase/sale difference to the tax office and do not have to show any sum on the invoice. A week ago on Friday, traders received a letter by e-mail from the Federal Ministry of Finance stating that the differential taxation is no longer valid. In this video you can see the letter, I got the link from the German silver forum: https://youtube.com/shorts/zVju95lYf6w?feature=share I don't know the channel, one of the two is the operator of a relatively well-known online shop. Apparently there is no legal regulation for this yet and nobody knows what is valid and from when. On the same evening, almost all dealers raised their prices by around 20/30%, but still almost all show the margin scheme. The biggest problem for me as a customer, however, will be the dealer purchase prices in the future, if they cannot settle them with the margin scheme. Then we will also get such miserable dealer purchase prices, like you in the UK. If we stay at 60/70% premium for simple silver bullion, the subject of investment silver is finished for me. Luckily I already have 3 Britannias, so that will have to be enough for me. All coins that cost at least 250% above spot are considered collector coins and will continue to be taxed at 7%. They are expensive enough anyway. I think all loopholes in Germany are simply being plugged now. I heard they need money. And since all dealers have used the exemption for almost every coin, it was only a matter of time before it was suspended. It's almost a miracle that it was, or is, valid for almost 9 years.

So sad, that the NZ Mint announced Boba as last coin of the Mandalorian Classic series.

Bought some Amiga500 and got my guys ready for the queue

The 2 OZ is also my favorite. Even if only slightly larger, the portraits on the 2 oz have a much greater impact. But no matter what the size, a complete Monarchs collection is a challenge, but worth every grey hair and eye-roll of my wife.

Is no fat, is precautionary thermal insulation.

After a certain age, gravity triumphs over cold. A friend told me.

I don't know how, but no reactions left. As soon as Barry returns I will become a payd member, knowing that then even the payd reactions will not be enough. All I can do now is give this thread a well deserved WW4 (who won III?) BUMB.

I hope there is a minimal environmental impact because they already designed the coin and produced already the tools and packaging for the next Monarchs coin, Edward VII, before they release another 26 coins instead.

Barry Buys Crowns Barry Buys Crowns

No. Barry and his wife.

You think there could be more than this? Shocking

Forget about the 45k, she should divorce him anyway. And she should take the coins with her, sell them for melt to me.

I miss Barry

"Collector" coins are defined by the authorities about the price, must be 250% above spot. Platinum and Silver has/had full 19% VAT. Until 2014 silver coins had 7%, since than 19% VAT. Since 2014 dealers could use margin scheme for silver coins. Every dealer in Germany reclaimed the import VAT and used the margin scheme for all silver coins. Private buyers had to pay since 2014 always 19% import VAT for any silver coin, medal, or bar, except collector coins.

Since 2014 we have 19% VAT for silver coins. There was a margin scheme as a exemption rule, but everyone here used it as a loophole for all silver coins. Last Friday, sometime during the night, a letter was published by the Ministry of Finance stating that this exemption rule will be abolished completely and that only collector coins can be taxed at 7%. So far it is not certain when the margin scheme will be abolished, whether immediately or at a later date, but the dealers in Germany on Saturday made all silver coins massively more expensive (15-20%). Almost all of them still show the margin scheme, but only one or two traders have not yet raised their prices. Above a certain turnover, EU traders need a tax number of the EU country into which the goods were imported (I think from 100,000€). It seems that goldsilver.be did not apply for this and certainly exported more than this turnover to Germany. The silver coins were very often far cheaper than at German dealers. Platinum is, or was, available at unbeatable prices. No VAT is shown on any invoices for platinum coins and this could become a real problem for them, or for the customers. A lot of customers in Germany have already received a letters. A user of the German silver forum asked the responsible tax office and they confirmed the investigation against goldsilver.be.

German ministry of finance is checking goldsilver.be and is sending letters to their clients in Germany. Propably, because they sell VAT free platinum and peopably VAT free silver to Germany. Not sure, what happens now, if clients have pay now the VAT for their orders, or the Belgians have to pay a fine... I ain't got a letter, hopefully my orders there are way too small

I like the proof/reverse proof sets of the Tudor Beasts, will be a great set once completed. The Yale is a great addition to the series and just seven to go...