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Jimmock

Silver Premium Member
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Posts posted by Jimmock

  1. 2 minutes ago, Joshp said:

    Hi all, I hope you're all having a pleasant day. 

    It is with deep regret that I must sell my small silver stack. I would absolutely love to keep it but unfortunately needs must as I've lost my job.  

    I have never sold on here before, only bought so hopefully I'm doing it right. 

    I don't know what this stack is worth, I only know what I paid for this in total so if anybody would like to inbox me with what I'm looking at with what's listed I'd be very appreciative. 

    Bank transfer only please and I'll send it the very next day if haven't started work again. By then aha. 

    Thank you all very much for looking and any feedback should there be any would be well recieved. 

    Many thanks, Josh.

    In this stack are:

    25 QE 2023 

    25 KC 2023

    4 2008 Phillys 

    16 Buffalo and Bear 🤷🏽‍♂️ (not sure what they're called)

    1 10oz Geiger

    1 5oz Scottsdale bar

    2 Kangaroos 2022 

    1 Chinese Panda 2013

    3 Liberty 1oz bars 

    1 Silver Towne 

    1 Buffalo coin 1oz

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    Forum rules - you must state prices. Also should list in for sale thread.

  2. 36 minutes ago, Spyder said:

    Here are a couple of good deals and they work out at under spot delivered. I myself managed to get a couple of full sovereigns in pendant at £40 under spot each.  The deals are there if one makes the effort to look.

    https://handt.co.uk/collections/pendants/products/9ct-gold-coin-pendant-72

    https://handt.co.uk/collections/pendants/products/9ct-gold-coin-pendant-88

    Grab them before they go. There are also couple of full sovereign in pendants with chains at just over spot

    Good luck

    Bit confused mate,these are 8.55g 0f 9ct,surely spot on that is just under £190,or am I working it out wrong. 🤔

  3. 29 minutes ago, AllThingsShiny said:

    More VAT cheats the better if you ask me. 

     

    Cheaper silver all round 🥳🥳🥳

    Worst case scenario - and I've know idea if this could happen. 😂 HMRC monitoring forum,realise vat not paid on majority of silver now sold on here. Force management to hand over personal details of members who bought this silver - these members as end buyers now become liable for vat and anything else Hmrc want to stick on top. As I said no idea if any of the above is possible. 🤔🤔

  4. Thank you for your email.

     

     

     

    There is a long version of the reply to your questions but the short answer is this,

     

     

     

    The Margin Scheme run by HMRC allows us to re sell pre owned silver coins without the vat as they are “Collectable” coins. Any other silver, bars, rounds etc MUST be charged with VAT.

     

     

     

    That is the rule if we buy the coins from the public. If we buy the coins from a client who has bought them through their business then we pay them the VAT and we must follow the line of VAT and charge VAT on the coins even though they are pre owned.

     

     

     

    Hope that helps?

     

     

     

    Kind Regards

     

     

    Paul

     

     

     

    This was reply I received from atkinsons when I questioned them about it.

     

     This is from another thread on here from 2017,this is the answer I received from Paul Atkinson,when I asked him about it. 😁

  5. I will repeat my earlier answer - the "vat margin" scheme only applies to coins,bars and silver rounds can not be purchased vat free,unless it is being stored by the company your buying it off. Even then you will need to pay the vat,if you ever want to physically hold it.

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