Shinus73

8 hours ago, NGMD said:

A decent thread and having to agree with @HonestMoneyGoldSilver makes my skin itch.

Let’s just say theoretically there is a seller on Instagram(🤷🏼‍♂️)or elsewhere selling silver and not paying VAT. If HMRC believes he’s lost a few quid, he won’t just come after the seller, he’ll tear into everything with the buyer. You are not innocent until proven guilty, he will tell you what you have to pay (his guess) and you have to prove him wrong(receipts, invoices, bank statements etc) he then might feel he needs to look at what else you’ve bought and sold like Lego or Sports Shoes, Star Wars Pyjamas etc 

You import silver-usually you have to pay through the couriers according to the HS code and documentation. If you’ve been charged accidentally VAT on investment Gold- Tough. You claim it back, they don’t care or want to know. The Seller abroad is NOT responsible for duties and taxes of the country shipped too-you are(T@Cs). Ignorance and pretend naivety is not a defence.

As the stunning and brave Pirate said, the selling of bulk silver has killed the basic collector’s  ability to sell their couple of ounces. The issue then becomes the small profit they’ve made would normally introduce them to fractional gold and climb the investment ladder. Now that progress stops. The selfish, arrogant seller has then killed the forum sales pages to line their criminal pockets.

Bigger picture is important.

Then the basic collector needs to be more selective regarding the couple of ounces they buy. Nobody is entitled to a small profit because they bought something they consider to be an investment.

All part of the learning curve.

1 minute ago, Fenlander1 said:

Normally I would agree and if it was the odd tube here and there it wouldn't be a problem but the situation we are in now where the market is flooded is when you come to sell your cheap silver your investment has failed to keep up with inflation due to external forces and you are forced to make a loss.

 

I started buying silver in 2010, discovered the EU loophole in 2011 and took advantage where I could.

It was clear then that buying silver in the UK at 20% VAT was a terrible idea if you were looking for a quick return or trying to make a business out of it.

Silver bought in the UK is either a long-term hold, a moonshot gamble or a useful savings vehicle to help you buy gold.

37 minutes ago, Fenlander1 said:

The monster box has brought it to light for me personally as is an example  it is getting harder to sell Singles at anywhere near there true inflation value. 

Questionable origin isn't meant to be cryptic but when new silver can be sold at less than spot plus 20% it is of a questionable origin to me personally.

Pre-Brexit it was fairly common for silver to be available slightly below spot +20%, reflecting the lower VAT rates in the EU. I guess people have found new ways of sourcing silver from outside of the UK.

Questionable origin? A bit cryptic…

it’s always been difficult to sell a monster box and it’s currently quite difficult to sell any larger volume, as money is tight.

That’s it really.

7 hours ago, bobski said:

This may be a coincidence, but hear me out...

Physically the 17, 21, and 24 numbers themselves have a different volume of metal. I would expect a 2111 year Britannia to have a taller rim than all of the aforementioned (due to 111 taking up less volume than 024).

This in theory, would be because there's less of the blanks material used in the 'relief'. So with the coin field being the same depth as previous years, there would be 'spare' (extra) material pushed to the rim during the pressing.

It's a miniscule difference, but if you multiply that tiny difference by 25, you might notice?

 

All the best, Autistic engineer Bobski

 

If somebody has a stack of 2111 Britannias, I have other questions!

I won 4 South Africa 50% Crowns for £36 shipped last night.

Seller claimed that my address wasn’t legitimate in the automated Royal Mail online payments system. Asked him to take it to a Post Office, cancelled the order. I think he was expecting higher bids.

Very annoying.

1 hour ago, JeffM said:

It’s currently reserved.  It’ll probably be back to available when some of the reservations fall through.

Honestly friend, nobody in the UK is being given favourable treatment by the RM.

Every link seems to take you a different selection, finding stuff is difficult and the e-mail usually arrives after the thing you want is sold out.

I missed out on the 2-coin set as the RM decided today was the day they needed me to submit personal documents before I could buy anything (despite having an account manager) and then didn't get round to reviewing them.

1 hour ago, timsk said:

According to my records, the last coin released by the Royal Mint in this series was the George II coin at the back end of August 2023. That's six months ago! Am I right about that - or have I missed a more recent release? And, if the former, does anyone know when the next coin is due?

I read a comment from another poster either here on SF, or on a Facebook group, that they have delayed the series until 2025 or 2026. Ludicrous either way.

My Account Manager has not responded to my last request for clarity (may have been the volume of complaining). 🙂

5 minutes ago, westminstrel said:

This is what the appeal was to me too.

I wonder what reasons they have for prematurely ending the series.

The bottom line is currently the only consideration.

34 minutes ago, NGMD said:

First coins I bought knowing I’ve lost my shirt immediately after I pressed ‘buy’ but stuck with it.

I’m not even going to list mine for sale.
£200 a coin would buy me so much more elsewhere.😡
Looking at current releases of Pete’s dragon and Una gender neutral bars, I can see why people are giving up. They’ll probably announce a new coin but make you wait six months to get some milky overpriced tat. I’m done with RM series.

I loved the idea of the longevity of this series and the discipline it would take to stick with it, as well as the subject matter. Will be properly gutted if it has ended prematurely and the Mint will have lost another Mint Marque customer.

1 hour ago, blackadder said:

Was really hard to sell the few i had still got one left and might just give it away lol.

So don't seem such a great set to me haha 😂

If you’re giving it away…hello!

18 minutes ago, BackyardBullion said:

I just got a reply from my account manager - they (the AM's) have no information or dates for the next release in the Monarchs. 

Not looking good.

Yes, that mirrors what people had said in the other discussion I was part of.

I think they'll receive severe flak (not that they'll be overly concerned), unlike anything in recent times, if they do decide to go down this road.

13 minutes ago, westminstrel said:

Honestly I’d have thought the Tudor Beasts a better candidate for scrapping considering the best monarchs are yet to come in the BM series whereas the TB series seems to be going from bad to worse. Imo. 

Agreed.

The City coin doesn’t seem to have appeared this year either.

Just now, Shinus73 said:

Yes, I’ll be having a strop too.

The words used were ‘the continuation of the series is in doubt’.

1 hour ago, BackyardBullion said:

If they cancel the series I will be throwing my toys out the pram and will be demanding my money back for every single coin purchased so far.

Yes, I’ll be having a strop too.

7 minutes ago, Agaupl said:

Sauce?

Discussion in another forum involving somebody from Coin Connection, who’d heard this from their supplier (i.e. the Mint).

31 minutes ago, Agaupl said:

They’ve been pretty late with these releases before 

Apparently, not only did they miss the January release, but the March release has not been included in the forward plan.

After the non appearance of the expected January release, I’m reading more and more speculation that the RM has binned the series.

I really hope not, I will be sad and annoyed in equal measure.

Very simply, the overpricing of historic coins and ‘sets’ by the RM in recent times is immoral.
It replicates the worst behaviour of the Sunday Magazine rip off companies, but is worse coming from a trusted organisation with unique and privileged access to the back catalogue of British coins.

8 hours ago, Agaupl said:

What date are we calling cut off for ‘modern’?

For no apparent reason, 1980.

10 minutes ago, trozau said:

1987 Isle of Man proof 1 Angel (with Papal Visit privy). 1 of 100 COA from Pobjoy Mint.

Nice.

I did ask Pobjoy about the mintage of my coin and any other 1/4 oz gold coins, but they weren't forthcoming, stating that they were minted for private organisations and numbers were therefore commercially sensitive.

I suppose their demise makes it less likely we will ever know.

What is beyond doubt, is the single coin format is more popular than the double.

4 minutes ago, Agaupl said:

🤣🤣

We aim to please.