UKcoinGuy

Hi Everybody,
I might have made a wrong bid on a coin.  The coin is supposed to be a circa 300AD Kushan gold coin.  It is 1.6mm in diameter and weighs 2.8 grams and 22ct gold. (no thickness given) I don't have any side pictures.  Doing some research, I think the ruler is King Havishka. (AD 12 -190).  
From Wikipedia :
"In the coinage of the North Indian and Central Asian Kushan Empire (approximately 30–375 CE) the main coins issued were gold, weighing 7.9 grams, and base metal issues of various weights between 12 g and 1.5 g. Little silver coinage was issued, but in later periods the gold used was debased with silver."
So I'm thinking the coin is fake as the gold coins  are larger at circa 7.8 grams?
Can anybody help?  Any thoughts / views will be helpful.
Thanks
Barry

To short a stock:
Borrow shares from your broker, immediately sell them at the current market rate, lets say £10 share, this drives the price down (or as a PI without millions to play with you judge it when you think a share is going to tank) When the market bottoms, buy the shares back at lets say £5 a share Give the shares back to the broker, position closed. You pocket £5 a share with Gamestop:
Hedgefund took a massive short (i.e. borrowed a lot of stock and sold it), driving the price down, the share capitulates as stops are triggered etc and the share sinks even lower. Funds can hold these positions for a long time sometimes, trying to drive the price even lower before they close. (destroying PI's, companies, pension funds etc on the way) Reddit guys decided to go on a massive buy run, pushing the price of the share up, fast and so far past the entry point (sell point) of the hedge fund that they exceeded the value of the entire hedge fund at $13.1bn at one point. The hedge fund hung on hoping the the price would crash again, it didn't Hedgefund eventually gave up it's position and started buying the stock back to give back to the broker, pushing the share price up even further. With silver ( or gold or btc for that matter)
as discussed in this thread, some of the large funds, banks etc have held PM back for a longtime by selling heavy (going short) for many reasons (and lots of other dirty tricks), assuming you take the position PM should have gone up a lot more than it has for many reasons. There's a big pump going on now all over social media to try and push silver to the point that these big funds need to start buying the silver back as it would cross the point they loaned it and sold it at, as was the case with GameStop. who knows, it may happen, only takes for one big fund to get shaky, especially after what happened this past week and start closing their position and this then increase the price and causes more to close (buy) so on and so forth - its very much the opposite of what the financial institutions have been doing to PI's for years.  I might not have all the details totally right, but this it a basics of it...

This sum's it up pretty simply.

I have been stacking for twenty years waiting for this time...its happening finally.

This post is designed to help those members in the UK who are buying gold from other members, either importing from the EU to the UK or from outside the EU to the UK

There are a lot of gold coins that are considered investment gold and therefore VAT exempt. There may therefore be opportunities for UK members to buy from the EU or other markets.
 
Using a Sovereign as an example, our understanding of the definition "is of a description of coin that is normally sold at a price that does not exceed 180% of the open market value of the gold contained in the coin" from information taken from UK dealers is that any sovereign, even those that sell for 10's of thousands of pounds do not attract any import VAT as a sovereign in general sells for not more than 180% of the spot price of gold.

The full information on what gold coins and type of other investment gold except can be found from the following link: 

https://www.gov.uk/guidance/investment-gold-coins-and-vat-notice-70121a

Please also note that members may have experienced VAT incorrectly being added to gold imports into the UK, due to the description used by the sender. If VAT is incorrectly added you can usually claim back the full VAT (I have done this myself) however the courier admin charge (around £8 Royal Mail, and around £11 for other couriers like UPS, is not always claimable back, this depends on the reason why the incorrect VAT was applied) 

This post is correct as far as our knowledge at the time of writing. It should not be constituted as legal or tax advise, members have the responsibility to do their own research and speak with any necessary advisers. TSF can not be held liable for any incorrect VAT that is applied by HMRC or any other import or taxes that are charged due to any purchases by members whatsoever. 

Please check the government website, or start a topic in the discussion area of the forum if you would like to ask members questions and hopefully the TSF community can help. There are likely a lot of members who have experience of buying gold from abroad and can help   


Items are listed in the regions they are located in. So UK members wishing to see items available internationally please see some of the below sections:

See the items listed in the EU trade section, lots of members will ship to UK

See the items listed in the USA & Canada section, many members are also willing to ship worldwide.

A full list of all trade sections on the forum can be found here