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sovereignsteve

Silver Premium Member
  • Posts

    12,325
  • Joined

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  • Trading Feedback

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  • Country

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Posts posted by sovereignsteve

  1. 14 minutes ago, BritStacker said:

    Scenario 2 - Buyer CIF - carriage insurance freight (paid by buyer)

    Does this hold if the seller actually buys the shipping even if the buyer actually pays the charge to the seller?

  2. 3 hours ago, TeaTime said:

    Would anyone ever buy from a seller who stated that insured items lost in post are the responsibility of the buyer ?

    Yes I've done that but only when I either trust the seller, generally from a few other purchases and/or they will provide a proof of posting on demand, and I've chosen to only pay for a second class stamp etc.

    My choice to save £5 - 6 on RMSD costs on the basis of a risk:reward decision based on countless previous RM deliveries.

    My limit for this is usually a half sovereign but with the price of gold these days I may revise downwards. In the past I have done so up to a full sovereign.

     

    "What a wonderfully innocent world they must live in"   Lol I wish it were true😀

  3. 1 hour ago, Sovhead said:

    🤦‍♂️ it’s an unbarred A there’s 3 die cracks one top and bottom of the A and one going through it, look at the A in Victoria it’s VERY prominent where are you @Orpster

    If I understand you correctly you are saying that because the A in Victoria has a pronounced bar and because the two As in GRACIA are noticeably less so then they must be unbarred?

    If so then you don't understand how these faint/missing bars can come about.

    Regarding the die crack. There seems to be just the one going from the edge of the coin through the top of the A and then out of the bottom of the descending arm. You can only see the parts outside of the A as the descending slope covers up that part.

    It is almost impossible to have 3 separate die cracks so close together without them merging into one entity during the extreme pressures of the strike.

  4. 8 minutes ago, BackyardBullion said:

    Who knows.

    It is more special than a bog standard proof sovereign. The first one for king Charles with George and the dragon.

    Sovereign collectors will want it - and most serious ones will have it after today.

    Whether future/new collectors will want it is the question.

    In my opinion it's got a better chance than bog standard sovereigns of being sought after which would lead me to think it would hold value better too.

    It is the coronation year sovereign and the only one to feature Charles with a crown.

  5. I did eventually put together a set of these probably just for the sake of it. IMO the quality of these is very poor, even the designs on the reverses don't do it for me and I just can't look at the obverses, the bust of the Queen is appalling.

    They may be an iconic set to some old timers on here but in my eyes they are just bullion, to rank alongside the Birds of Prey series, people just don't want them. Sorry Pete.

  6. On 17/04/2023 at 17:30, Ross87 said:

    Silver:

    As I have my own VAT registered company. It makes sense to use company funds to buy new silver and reclaim the VAT

    I don't see what difference it would make, unless you can somehow transfer the ownership to yourself and not charge VAT when you come to sell. Otherwise you pay VAT back to the Gov when you sell and still make the same % profit as you would have if you'd paid VAT as a private individual.

    eg

    Price paid £120  claim £20 vat back  net price paid £100  (equates to buying and selling at a reference price + VAT, in this case £100)

    Sell at £240   pay £40 vat to HM Revenue   net price received  £200   (reference price increases 100% to £200)

    Silver price increase 100%

    you make 100% profit whichever way you do it.

     

    Or am I being too simplistic, I am not an accountant?

     

  7. 13 hours ago, DuncanWylieWilson said:

    Screenshot 2023-04-14 at 23.03.04.png

     

    I was watching this at the end just for interest and looking at a clock as well, this bid was well placed in the last few seconds. Seems we have an expert in last second sniping, skills honed on ebay?😁

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