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SilverCH

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    Male
  • Location
    UK
  • Stacker/Collector
    Collector

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  1. The 20% tax is only a killer if selling back to dealers who pay out based on the spot price. If I buy a rare £30 silver coin and then sell it for £100 on ebay 5 years later I don't need to charge VAT as a private seller, premiums are high in the UK but therefore you can also charge the same premium when selling on the private market (hopefully). However due to VAT I don't 'stack' generic bullion silver anymore I try to buy more proof/rare sets that I hope will become more desirable in the future. I prefer silver for collecting on my budget as its more enjoyable owning and hunting for hundreds of interesting proof coin sets compared to a couple of small gold coins!
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