WizardOfSov

Hello and Welcome 👍

As above it doesn't matter what the goods are you have to pay import duty regardless unless it is declared as a gift and under £39 on the customs form, Royal Mail will also charge you for a customs handling fee.

https://www.gov.uk/goods-sent-from-abroad/tax-and-duty

https://personal.help.royalmail.com/app/answers/detail/a_id/7208/~/help-with-paying-customs-fees

Nice balance scale. 😁👍

I buy my capsules from here.

https://www.coingallery.co.uk/coin-capsules-34-c.asp

I usually just buy the basic Lighthouse ones because all I really want is something to keep the coin inside from getting damaged.

The ones they list as Airtites  are actually Lighthouse capsules they just use the rings from Air-Tite

From what I'm led to believe milk spotting will occur regardless of how coins are stored as it's due to chemical residues left on the coin during the minting process it's just a matter of time for how long it takes to show.

Tarnish on the other hand is a reaction with gasses or chemicals  in the environment the silver is stored in so storing it in an air tight container will prevent it.

First or last I think is a wash.

What might be a factor regarding whichever might command a higher premium in the future is how long they will make them for with KCIII on them.

There are what 26 years worth of silver Britannia coins with QEII on them? King Charles is already in his mid 70's who knows if he will still be sitting on the throne or even be alive in 26 years or even 15 years or 10?

Maybe The Royal Mint will discontinue the silver Britannia coin at some point.

1 hour ago, shabs said:

ohhh , so VAT will be charged for any goods over £39.  Unless, my friend sends one ounce coins at a time, --- and says its a gift?  

- he could do it 15 times, to send me 15 ounces?  

I suspect the cost of sending 15 individual parcels would make this a pointless exercise.

Believe me if there were a legal and cost effective way to have silver sent from outside the UK and not pay tax on it we would all be doing it.

31 minutes ago, shabs said:

Is this still the case if the SILVER from the USA is SECONDARY MARKET silver?  surely no VAT then?  as the silver is not NEW? thanks all

VAT is charged on all goods imported to the UK unless they are marked as gift on the customs form and have a value of less than £39 declared on the form.

https://www.gov.uk/goods-sent-from-abroad/tax-and-duty

Unless you really want these specific rounds It would probably be less expensive to buy 15oz of silver in the UK yes, also faster because customs can sometimes be slow at processing parcels.

With VAT plus Royal Mail's customs handling fee it would be a total of £413 plus whatever the shipping cost is.

Thanks for the heads up, would hate to have missed out on this bargain.😃

4 minutes ago, kimchi said:

If they're the same price as Brits, and you are buying anyway, can't really go too far wrong

Yeah they'll hold their bullion value regardless but any possible resale premium for being part of a semi collectable series is out the window.

3 hours ago, Rob81 said:

Maybe I’ll just stick to gold haha

Yeah bit annoying, I was going to get the series, at least they didn't cost me any more than silver Britannias.

I bought 5 of them, all 5 are now covered in milk spot and not small blemishes they're half to two thirds covered in milk spot.

On 11/01/2023 at 13:14, MoonMeander said:

Looking at making my first ever gold purchase either today or tomorrow.

I will be going for a Sovereign.

I just want to make sure I am getting a good deal. I wanted a 2022 Sov with it being the last QEII one but can't see it in stock to ship anywhere for a reasonable premium.

So my next idea was a "Gold Sovereign Bullion Coin - Minty" from Chards. Premium seems solid and the condition should be great, I guess the payoff is that is can be any random QEII Sov... but as I own zero and I'm not collector anyway, this shouldn't matter right?

Is my logic sound? Or is there a better option? Just want to makesure my first gold buying experience is a good one.

If you are still in the market and want a 2022 Sovereign Atkinsons have pre-owned 2022 sovereigns for sale now for £399.54 including postage.

https://atkinsonsbullion.com/gold/gold-coins/gold-sovereign-coins/pre-owned-2022-uk-full-sovereign-gold-coin

As far as bullion coins go yes buying a random year pre=owned coin is the best option.

1 hour ago, Scuzzle said:

My point was there is a hefty chunk of premium attached to silver, one that's got significantly larger over the last year or two and if you were a silver stacker you would ideally want it back.  The copper even with it's heftier premium is no different when it comes to offloading it, you pay extra for it to be pressed into a nice round coin shape or a bar shape with a verified weight and to have some animal or whatever pressed onto it and there is no reason why you can't get that extra back if you sell it at the right places.  I bought hundreds of those Lakota copper rounds for £1 each, can't remember the name of the place selling them but they went under during the scamdemic and I see these on Ebay for anything between £3 and £7 and I also see that sellers are managing to move them at these prices.

Saying there is no difference between silver and copper because both have premiums is like saying there is no difference between losing a toenail and losing a leg.

16 minutes ago, Scuzzle said:

Again look at silver and what a bullion dealer charges compared to what they pay to buy back.  Take Atkinsons for example, looking at their "sell to us" page they currently pay £21.59 for a 1oz silver Britannia that they are happy to sell to you for £32.48 new or £31.62 for a pre owned VAT free coin.  I would suggest that the current high premiums on silver make it no different than if you were trying to offload copper.  If you need a quick sale and are happy to take the hit to facilitate this then fine but if you don't want to be out of pocket you would be as well selling your silver privately or on Ebay than selling it back to a dealer.

Yes i did mention in my post that some of the options for selling you could take a loss on due to premium.

A 50% or so premium on an ounce of silver isn't even in the same ball park as copper though.

European Mint for example sell 1oz copper rounds for £3.48 the spot value of the metal is 28p.

I think another big problem here is exit options.

With gold or silver you can take your metal to bullion dealer, a coin shop, a pawn shop etc as well as selling directly to a private buyer.

Some of these options you might take a loss on but any loss is going to likely be due to premium paid on the item when purchased.

With copper what you've paid for that is pretty much entirely premium so the only exit option to realistically not lose pretty much all your money on it is to find a private buyer.

There are clearly people out there who buy the stuff and pay 12x or more on spot price for it otherwise people wouldn't be making copper rounds but with the limited options of selling it and the low cost of the metal I don't think it's worth bothering with.

35 minutes ago, CoinK said:

It's not 24c. It looks like something I find in my son's pirate chest. Probably why they write .24c 

 

Currently at 31 bids which does suggest people are fooled by these things does it not?

My take is that nobody would bother making them if nobody was buying them.

I've used the baking soda/foil method on a generic bar where somehow half of it was tarnished and it just looked weird like that, it removed the tarnish a treat.

I wouldn't do it to those coins though.

55 minutes ago, James32 said:

Excellent work in ten months, welcome aboard. 

50 minutes ago, Fenlander1 said:

Hello and welcome. Nice collection you have amassed there.

Thanks, the pace will be slowing down a bit now, I came into a good chunk of disposable funds last year which helped me to splurge.

Hi everyone newbie forum user here and fairly new stacker/collector of gold and silver.

Started stacking about 10 months ago, managed to squirrel away a little over 100oz in silver a dozen sovereigns and an ounce and a half in other fractional Britannia gold coins so far, glad to be here. 😊