27carrots

It’s always a good idea to avoid duplicates where possible as it’s easier to shift a load of sovs in one go in a place like TSF if people have many years to choose from. But thanks to royal mail jacking up their special delivery prices it would be hard work to get more than you could get for a bulk sale to a dealer where the years don’t matter.

Ring type airtites

16mm 1/10 brits

19mm 1/2 sovs

22mm sovs and 1/4 brits etc

I’d ask morezone first if he has anything you need and if not go to air-tites.com.

If you can find one, the 2021 is the best kangaroo. They look rubbish in photos but in the hand they are high relief and reflective.

Quote

 

Is CGT completely unapplicable even at such levels

If you plan to sell in one go one day, CGT is a huge deal. Whatever you do, don’t buy 250 krugerrands or 8 kilo bars.

Yes pls

Yes pls

This is why you need to be careful with silver.

A coin that costs £40 when spot is £20 isn’t a coin with a 100% premium.

It’s a coin that costs spot + £20.

When spot is £100, it won’t be worth £200.

More like £120 if in perfect condition or spot if not, regardless of economic conditions.

Ah of course.

Thanks

On 02/04/2024 at 13:59, BackyardBullion said:

THE FOLLOWING IS NOT FORMAL TAX ADVICE, but my own interpretation of the rules. 

Thats assuming you make that much profit per bar.

Its the profit on the capital not the total value that makes a difference. 

If you bought 100x 1g bars at £55 each and sold them all for £65 each you make £1000 profit and do not have to even declare the gain as it is below the threshold.

If you had 100x 1g bars bought for £35 a few years ago and sold them for £75 each then that would be a £4000 gain. You would need to declare it and you would pay tax on the £1000 above the allowance. 

Does anyone know what happens with non exempt coins when you die?
Let’s say you buy a krug for £1000.

Then you die and leave it to someone when it is worth £2000.

Then they sell it when it is worth £3000.

How much “gain” is taxable here?

Are these still available?

i’d like one if so.

1oz britannias came out when spot was about £3 so £2 was the appropriate amount.

If they released a 1kg coin at the same time, they would have made it £50.

They would never work as real money as the singles have to have a few pounds premium and so the 50s would need a premium 50 times bigger to be worth 50 singles. They are just collectibles really. I collect the singles as they are worth having but I don’t think you could get the value back reselling the larger denominations in the future and so it’s not worth it for me personally.

I think after the israel conflict ends it will quickly drop back to £1500 temporarily and then keep going back up steadily. There’s still too much inflation.

Can you add me to the ballot, please?

On 13/10/2023 at 16:17, 1moreoz said:

I just got in about to buy a bunch of golf and price has shot up a good bit 🥲 will wait it out till next week now. 

Next week will be the worst time to buy. The price is gonna shoot to £1700 at least but will drop back to £1500 once the war is resolved in a couple of weeks. I’d wait until then.

It might be fun to collect a 1g bar but i wouldn’t get anything bigger. Not even a tenth. If i wanted exposure to palladium, I’d get an etf. The problem is you can’t buy physical when the price drops like a stone and you cant sell when the price spikes. I seem to remember when morezone was selling his stack, he had to sell his palladium 1oz for £200 under spot because spot was high at the time.

Gillicks for 12 over spot 1-4 or 10 over spot for 10 plus. Bizarrely way overpriced for 5-9 at Tavex.

I’d say just full sovereigns. You can sell 100 in a day or two, easy. But I bet it would be harder to sell 100 1/4 coins. I think the problem is they are all recent years so no one cares about the dates. If you build up a large number of sovereigns with different years, people will buy all the dates they don’t have.

Yes pls

Robin Hood now 902 at bbp.

Even I’m thinking of getting one.

box of 20 pls

On 30/04/2023 at 23:18, DrKarlMoneys said:

Unfortunately safety deposit boxes aren't as fool proof as they should be-there have been cases in the UK of contents going missing and the bank shrugging their shoulders.

Then there's incompetence on the part of the bank.

Quote

A bank customer who claimed that Barclays had lost his safety deposit box containing £190,000 of family valuables has been arrested on suspicion of fraud.

Insurance boss Tahir Khan and two women, aged 22 and 30, were questioned.

The first one was trying to scam Barclays, lol.

100 pls