Centauri167

Welcome on this great forum, it will be a place were you will learn a lot more about collecting and stacking !

Welcome on this great forum, it will be a place were you will learn a lot more about collecting and stacking !

Welcome on this great forum, it will be a place were you will learn a lot more about collecting and stacking !

Welcome on this great forum, it will be a place were you will learn a lot more about collecting and stacking !

Welcome on this great forum, it will be a place were you will learn a lot more about collecting and stacking !

Welcome on this great forum, it will be a place were you will learn a lot more about collecting and stacking !

Welcome on this great forum, it will be a place were you will learn a lot more about collecting and stacking !

Welcome Keith on this great forum, it will be a place were you will learn a lot more about collecting and stacking !

Keep on watching ByB's youtube video's, you will learn a lot from them.

18 hours ago, LawrenceChard said:

 

 

 

Thank you for clarifying that when you said "In most EU countries there is NO Vat on Bullion silver.", you meant "official minted coins from a country with a monetary value", although I would have hope you might be able to clarify the required fineness.

You also claim "These are still VAT free in many EU countries, like Belgium.", although you have failed to list a single other EU country where this applies.

I did say "If you would care to correct me by pointing to an official EU source which states otherwise, I would be grateful.", but you appear to have ignored this.

I would be happy to accept an official Belgian government source.

You did say "Please stop with giving misinformation.", yet you have offered very little evidence that my post constituted misinformation.

I remain patiently waiting for more and better information from you.

😎

 

If you are so curious about the Belgian laws about silver and VAT, google is your friend or just send an e-mail to your Belgian colleagues, I'm sure there will be at least one who will give you the 100% correct information or law referrals.

For other EU countries, just check google again and look for online silver dealers in the EU, you will see that there are still other countries like Belgium were you can buy silver coins without VAT.

For me it stops here. If you or others don't believe me despite I sended you the link so you can see it yourself, good by me.

And for all those who don't believe me that in some EU countries like Belgium, you don't have to pay VAT on silver coins, just check out the site of goldsilver.be ( link below ) and choose an address in Belgium for delivery and you will see that no Vat is added !

And if you want I can give links from other dealers in Belgium too where you also have to pay no VAT.

https://goldsilver.be/en/84-1-oz-30-gr?orderby=price&orderway=asc

22 hours ago, LawrenceChard said:

But there is VAT on silver coins in the EU.

If you would care to correct me by pointing to an official EU source which states otherwise, I would be grateful.

But perhaps you could explain what you mean by "NO Vat on Bullion silver". Do you mean silver futures, account (paper) silver, or some other form of "Bullion silver" or silver bullion.

When you say "On bars and rounds there is VAT", it rather implies that this does not apply to silver coins, but you fail to state this explicitly, leaving your readers to guess or imterpret what precisley you mean.

If you are correct, then I would like to be able to correct and inform a number of our fellow bullion dealers in the EU who have been under a major misunderstanding for at least the past 20 years.

Even the German, who had a special 7% rate on silver bullion coins until a few years ago, now have 19% VAT on silver coins.

😎

 

With "Bullion" silver I was referring to official minted coins from a country with a monetary value. These are still VAT free in many EU countries, like Belgium.

On rounds, bars ( that are not coins ), medals, ... and even junk silver ( constitutional ) lower than 85 or 90% silver ( not 100% sure which it is ) you have to pay VAT on.

But if I would buy a silver Britt in Belgium, I pay NO Vat on it.

And if you want to bet on it, just say the amount and I will scan and send you my latest order invoices of silver coins !

On 22/08/2022 at 18:57, LemmyMcGregor said:

I've got caught on this a few times, I take you meant that there is no VAT on bullion coins.

To the best of my understanding, across all EU you are free from VAT on gold coins, however, the same status is not given to Silver, you have to pay VAT in every EU country, except for Estonia. You used to be able to buy from them VAT free, however, the EU likes taxes and recently changed it so that taxes must be payed based on the location of the buyer, so if you buy from Belgium you pay the Belgian value on VAT.

I think you can still skip VAT if you purchase through an Estonian address and have a third party do the delivery and I recall reading something about Norway, meaning that you could have access to VAT free silver, but saying that in most EU countries there is no VAT is incorrect.

I mean, give him credit to run a business that probably has to deal with the item on a daily basis...

There is NO VAT on silver coins in many EU countries, Belgium is STILL one of them but there are others too.

Please stop with giving misinformation.

18 minutes ago, LawrenceChard said:

No, it's more a statement of fact. There is still VAT on silver in the EU, while investment gold is exempt from VAT.

As you are in Belgium, it might be more advantageous for you to buy from Belgian or other EU dealers, but still follow my / our advice, because it is geared toward helping investors/ stackers / collectors make better choices, rather than to benefit me / us. Not many other dealers do this.

Even our "Advice Guide for UK Bullion Investors" is still highly relevant for most EU citizens. The main difference being the CGT (Capital Gains Tax) exemption for UK residents on disposals of "Sterling" including British coins.

😎

In most EU countries there is NO Vat on Bullion silver. On bars and rounds there is VAT. That was my point, nothing more. 

Why some people, like you, keep repeating that there is VAT on silver in the EU ( the EU is a whole, not one or some countries ), I don't understand ...

On 19/08/2022 at 22:12, LawrenceChard said:

But better still, choose gold not silver:

https://www.chards.co.uk/blog/advice-guide-for-uk-bullion-investors/1041

and choose a dealer who gives you good advice, not just a sales pitch.

😎

It was a discussion about VAT on silver in Europe. ( EU )

If you want to use it to advertise your business, I think that is a real sales pitch ...

On 04/08/2022 at 01:16, Rugbyplayer said:

Having the bulk of my wee stack in one place is rare so I took the opportunity to take a few pics before they went on their merry way again.

Nice to see ! That(s the bad thing about our "hobby," we can not see it all together as much as we would like it ...

On 31/07/2022 at 21:05, LawrenceChard said:

If that is correct, then...

Ça plane pour moi!

😎

Easy to check:

https://goldsilver.be/en/84-1-oz-30-gr?orderby=price&orderway=asc

Just choose Belgium as the country were you order from, if you choose the UK, Vat will be added of course.

On 31/07/2022 at 08:39, Alex944 said:

Cool! Asking for a friend then, where does one purchase silver bullion from Belgium without having VAT applied which isnt second hand market? 

If you are from the part of Ireland that is in the EU, just check out: www.goldsilver.be

On 26/07/2022 at 02:56, Foster88 said:

Something that I can’t quite understand is the dismissal for 1/2 oz gold coins.

We’ve all seen sale posts on the forum and the healthy discussions about 1/10th, 1/4oz and 1oz gold coins.

But, why are there so few posts about 1/2oz gold coins and even fewer sale posts.

I don’t understand the dismissal, is that the right word, maybe not, maybe the lack of the existence of the 1/2oz in any denomination or mint is almost non existent so we’re not used to seeing them.

I don’t see any reason why. Is it that the gold content is similar to the double sovereign? 

Is it the psychology of it being a ‘half’ of something? You’re not getting something full. But then we buy half sovereigns.

Which I suppose doesn’t make sense because the 1/10oz and 1/4oz gold coins on the forum are discussed often and sell very well.

I don’t understand why the 1/2 oz gold coins are, I suppose, mostly ignored.

I’d be interested to hear what you all think.

Do they deserve more appreciation?

Half of me is undecided.

I think that the premium on them is still way to high for the amount needed to buy one so I think that people with a small budget buy the 1/10 or 1/4 coins and when you have a bigger budget you just buy ounces or wait a bit longer and than buy an ounce for a much mower premium.

I think that if the premiums would only be a little bit higher than the one ounce coins, they would be much more wanted.

I remember I bought golden 50ECU ( not Euro's ) coins that are 15 gr. for only 2% premium every time my dealer had them in stock.

On 27/07/2022 at 00:22, theman73 said:

Why silver price is going down when we have such inflation?

I think the first reason is that people see gold as a hedge against inflation and silver still as an industrial commodity. So it is normal that with the cooling down of the economy the silver price will have it more difficult as industrial demand will drop or will be lower than expected.

Second reason is that a lot of the "apes" who gone wild with all of the silver squeezes have gone out of silver again or stopped buying it after all the losses they made with it.

And a third reason is that people have less free money because of the inflation to just buy some silver.

On 27/07/2022 at 11:53, Alex944 said:

I don't know if this played into the price itself, but I noticed that since the introduction of VAT across the EU (read that as Estonia was finally forced to enforce VAT on silver) in early July, spot for silver specifically dipped about 10%, though the price of purchasing physical silver has stayed relatively similar. Perhaps that's just a price adjustment in the sense that the buying power required for silver stays relatively similar than before VAT introduction. This is specific to EU market though, I don't know if that'd cause an effect on the global silver price, but in terms of buying physical silver from dealers, prices haven't changed that much.

I often read this so called news about a VAT introduction in the EU on silver on this forum. As a citizen of Belgium and a buyer of silver I can tell you that nothing has changed and we still ( and also not in the future ) not have to pay VAT on silver coins or bars issued as a currency. On rounds and "normal" bars also nothing has changed because we always had to pay VAT on them. So maybe in Estonia the situation has changed but don't speak about the entire EU when it is not correct !

On 06/07/2022 at 07:43, Sybilla said:

They are cheap, but the reviews are bad... I never saw a webshop with so many customer complaints before.

I am a customer with them since 2013, never had one problem. The deliveries only come very late in the evening but they always come and are in perfect condition.

On 02/07/2022 at 17:47, Sybilla said:

Thank you, that is very helpful

Your welcome and if you are looking for a shop to buy, check out: www.goldsilver.be for the lowest prices on silver and gold.

On 27/06/2022 at 12:21, Sybilla said:

All local silver and gold shops, coin shops and even a few online coin shops (in the Netherlands and Germany) only seem to purchase coins slightly under spot. I have been making a lot of inquiries everywhere 😅

The shops do seem to offer worse prices than collectors though. From what I see here on the forum, people pay a much more realistic price.

As you are from Holland, check this site from a store in Belgium: ( which I will never buy from but it gives a good idea which coins to buy or not )

https://www.europesegoudstandaard.be/nl/inkoop-goud-en-zilver?field_edelmetaalcategorie_inkoop_tid=46

The worst coin to buy is the American Silver Eagle, you got the same amount for it as a Kangaroo or Philharmonic ...

On 12/06/2022 at 01:18, FlorinCollector said:

My small silver coin stack. Started adding a piece every other month.

Maybe not the best coins to stack, but they all look so great. Every time you will watch them, it will be a feast for your eyes 🙂

On 12/06/2022 at 16:33, Gordy said:

Not full stack.. bit of fun..... my pirate treasure addition..... 😂

This just looks SO COOL !!! Love it !