sixgun

Well to be fair he does say "Coin found during clear out believed to be 24 gold plated?."
Plus it went in at £14.95.
Look at the face on this thing - if you took this to be a real coin you need putting down.

It is a waste of time reporting these sales - ebay takes no notice. This is why i say, for anyone who is new, just avoid ebay, it is full of scammers.

Well to be fair he does say "Coin found during clear out believed to be 24 gold plated?."
Plus it went in at £14.95.
Look at the face on this thing - if you took this to be a real coin you need putting down.

It is a waste of time reporting these sales - ebay takes no notice. This is why i say, for anyone who is new, just avoid ebay, it is full of scammers.

It is a waste of time reporting these sales - ebay takes no notice. This is why i say, for anyone who is new, just avoid ebay, it is full of scammers.

Well to be fair he does say "Coin found during clear out believed to be 24 gold plated?."
Plus it went in at £14.95.
Look at the face on this thing - if you took this to be a real coin you need putting down.

This isn't silver - it will be plated.
We see AT & S in gothic script - so likely it stands for AT & Son - i don't know who the AT is.
Value wise it is worthless from the metal standpoint and whatever you feel a spoon or whatever it is, is worth. 

As best i can see HMRC phased out indexation - so you were correct in what you wrote in the previous thread.
The thing is, if you arrange yourself strategically and make yourself a collector, CGT is not an issue. Obviously if you bought a significant number of gold bars and had them vaulted and then sold them off you could find yourself facing potential CGT. This isn't an arrangment to make yourself a collector. 
We should return to the general advice given on the forum - buy gold sovereigns. Any thing that is not UK coinage make sure it is not going to breach the £6k chattels threshold. Appear as a collector not an investor/trader. i think most of the members on this forum are collectors - they buy and sell bits to rearrange their collections.

As best i can see HMRC phased out indexation - so you were correct in what you wrote in the previous thread.
The thing is, if you arrange yourself strategically and make yourself a collector, CGT is not an issue. Obviously if you bought a significant number of gold bars and had them vaulted and then sold them off you could find yourself facing potential CGT. This isn't an arrangment to make yourself a collector. 
We should return to the general advice given on the forum - buy gold sovereigns. Any thing that is not UK coinage make sure it is not going to breach the £6k chattels threshold. Appear as a collector not an investor/trader. i think most of the members on this forum are collectors - they buy and sell bits to rearrange their collections.

There are rules about sets. A collection is not the same as a set unless it isn't a very big collection and your collection happens to be a single set.
Is a tube of ASE's a set? Generally no - it might be if they were collected as a date run but coins in a tube - well i would be hesitant to present such a sale as a set. If you had put them in a presentation box then i would say they are a set. Coins in a presentation box - say proof Brittanias from a year in a box for that year with a COA type of thing - Houston we have a set on our hands.
Don't sell coins as a set if it is going to go for more than £6k. In anycase most of the TSF membership have collections of separate coins - these aren't sets. We don't see that many actual sets up for sale and certainly not for over £6k. Almost innevitably the highly price sets have to be broken up to attract buyers. 
i expect the vast majority of what members hold in their collections are not sets and they certainly don't need to be dealt with as sets when they are eventually sold.
You can split a set up and for tax purposes you are not selling a set.
Notice what it says on the HMRC webpage.
A set may consist of two or more articles. - ok 2 or more articles - i think it would be a bit of a push to call 2 coins a set but these rules are for all types of chattels.
If the parts of the set:
were owned by one person at the same time - this 'set' must be owned by one person at the time of sale - the seller
and
were disposed of by that person (whether on the same or different occasions)
to
one other person acting on their own - the seller sells to a single buyer in one go or more than one sale.
or
more than one person acting in concert - or more than one buyer are acting together to buy the SET.
or
more than one person who are also connected persons
So if a single seller sells a SET to a single buyer or group acting in concert and the sale of the set is for more than £6k, this will result in these rules kicking in. If you break up your set and sell to unconnected buyers then the rules do not apply.
In the usual run of the mill events, this set of circumstances don't occur. The canny collector makes sure they don't occur. These taxes are only for slaves and the ignorant. 
i think the only time this is reasonably going to kick in is if you sold a high price set to a dealer. 
 

There are clearly some members on TSF who are traders. They are always buying and selling. Some will turn over £100's of thousands a year. It is not for me to suggest who any of them might be.
Then there is the rest of us. We sell bits and pieces - we might buy a few coins, sell a few coins - chop and change our collection. Now i am not in either group as i haven't sold any of my own coins here - whenever i have sold i have sold on behalf of someone else, a friend or relative. This is not me subtly suggesting i always post that before a sale so that no-one could accuse me of selling coins, it happens to be the truth but it might be something for people to think about. Selling on behalf of wives, brothers, sisters, children, friends, the school lollypop lady (if they still exist) - i mean you could potentially sell for lots of people.
You are selling your personal possessions - your coins and bars. They are like children to me and sometimes they feel more valuable. 
Your personal possessions are chattels - they are not goods - they are not property relating to commerce - they are personal property and hence defined as chattels. HMRC likes to maneuver you into commerce - they like to tax you accordingly. i have covered chattels before on the forum b/c there seem to be many members who imagine they are in commerce when they are not.
https://www.gov.uk/government/publications/chattels-and-capital-gains-tax-hs293-self-assessment-helpsheet/chattels-and-capital-gains-tax-2021-hs293
Guidance Chattels and Capital Gains Tax 2021 (HS293) Updated 6 April 2023
This is from 2021 but updated this year.
What does it say?
What are chattels? - 'The word ‘chattel’ is a legal term meaning an item of tangible, movable property – something you can both touch and move. Your personal possessions will normally be chattels.'
Well my coins and bars belong to me - they are my personal possessions and i can touch them as long as i wear cotton gloves. 

Reading down the page it says: 'You only need to include in your tax return any gain on the disposal of a chattel where the disposal proceeds were more than £6,000 and the chattel is not exempt from Capital Gains Tax. '
So you don't mention coins exempt from CGT - and i will assume every coin you sell is exempt - i mean let's be real who would know anyway.
And you only need to declare a gain if the proceeds were more than £6,000. This £6,000 they talk about isn't per year, so i must assume it is per completed sale - the page reads like that. 
Now there is more detail on the page but i think i can probably stop there not having seen many sales on the TSF over £6,000.
There it is - you are not in a trade, this is a hobby and you are selling your personal possessions and none of the completed sales were for more than £6,000, so who cares what the gain on that might have been. So now you can forget about all the CGT clap trap and carry on stacking and then rearranging your stack. 
So i suggest all tax residents in the UK take a look at chattels and arrange their hobby accordingly. i have coins and bars - which are of course all UK legal tender, i have spoons and forks, candle sticks, and other household items - i have jewellery - never get asked about jewellery even at the airport. Stay diversified. Know that you are sovereign. Come back to tell me i am wrong if you think so. i'm still not going to declared any of my treasure - but as i say i never sell any of mine and it is mine and i'm not a slave.

There are rules about sets. A collection is not the same as a set unless it isn't a very big collection and your collection happens to be a single set.
Is a tube of ASE's a set? Generally no - it might be if they were collected as a date run but coins in a tube - well i would be hesitant to present such a sale as a set. If you had put them in a presentation box then i would say they are a set. Coins in a presentation box - say proof Brittanias from a year in a box for that year with a COA type of thing - Houston we have a set on our hands.
Don't sell coins as a set if it is going to go for more than £6k. In anycase most of the TSF membership have collections of separate coins - these aren't sets. We don't see that many actual sets up for sale and certainly not for over £6k. Almost innevitably the highly price sets have to be broken up to attract buyers. 
i expect the vast majority of what members hold in their collections are not sets and they certainly don't need to be dealt with as sets when they are eventually sold.
You can split a set up and for tax purposes you are not selling a set.
Notice what it says on the HMRC webpage.
A set may consist of two or more articles. - ok 2 or more articles - i think it would be a bit of a push to call 2 coins a set but these rules are for all types of chattels.
If the parts of the set:
were owned by one person at the same time - this 'set' must be owned by one person at the time of sale - the seller
and
were disposed of by that person (whether on the same or different occasions)
to
one other person acting on their own - the seller sells to a single buyer in one go or more than one sale.
or
more than one person acting in concert - or more than one buyer are acting together to buy the SET.
or
more than one person who are also connected persons
So if a single seller sells a SET to a single buyer or group acting in concert and the sale of the set is for more than £6k, this will result in these rules kicking in. If you break up your set and sell to unconnected buyers then the rules do not apply.
In the usual run of the mill events, this set of circumstances don't occur. The canny collector makes sure they don't occur. These taxes are only for slaves and the ignorant. 
i think the only time this is reasonably going to kick in is if you sold a high price set to a dealer. 
 

@Bratnia - you can of course identify yourself as an investor or even a cat these days.
If you identify as a hobbist collector, your coins and bars are part of your collection - they are personal possessions - they are chattels and as such as long as you keep each sale of your chattels under the £6000 threshold you do not need to declare them on a tax form as a UK tax resident. [This is my interpretation of the HMRC website information - do you own due dilligence]

If you want to identify your coins and bars as an investment and not a collection then if you have any bars or non UK coins you should calculate capital gains with indexation for inflation, postage costs, internet, bank charges, postage and storage costs etc etc.
A friend of mine had his home searched by the cops for a completely different matter and they decided to seize his treasure and some cash - and he has had to prove where he got the money and gold/silver from. With me i have bought a lot of my stuff off TSF - i pay by bank transfer and i have all the messages of my purchases. I have all the emails and invoices for my purchases from dealers. It would be a bit of a faff to collate all this information but i could do it.  The bank onces rang me to ask what all these transfers of money were about. I said i was buying gold and silver from people i know - i told the guy asking me questions to buy gold and silver as well. He said ok and that was that.
It is a person's right to manage their affairs in the best way possible to reduce taxes. Personally i would not consider calling my treasure an investment - they are all my babies and as such mine, my own. They are chattels and the land pirates should keep their grubby hands off them. 

@Bratnia - you can of course identify yourself as an investor or even a cat these days.
If you identify as a hobbist collector, your coins and bars are part of your collection - they are personal possessions - they are chattels and as such as long as you keep each sale of your chattels under the £6000 threshold you do not need to declare them on a tax form as a UK tax resident. [This is my interpretation of the HMRC website information - do you own due dilligence]

If you want to identify your coins and bars as an investment and not a collection then if you have any bars or non UK coins you should calculate capital gains with indexation for inflation, postage costs, internet, bank charges, postage and storage costs etc etc.
A friend of mine had his home searched by the cops for a completely different matter and they decided to seize his treasure and some cash - and he has had to prove where he got the money and gold/silver from. With me i have bought a lot of my stuff off TSF - i pay by bank transfer and i have all the messages of my purchases. I have all the emails and invoices for my purchases from dealers. It would be a bit of a faff to collate all this information but i could do it.  The bank onces rang me to ask what all these transfers of money were about. I said i was buying gold and silver from people i know - i told the guy asking me questions to buy gold and silver as well. He said ok and that was that.
It is a person's right to manage their affairs in the best way possible to reduce taxes. Personally i would not consider calling my treasure an investment - they are all my babies and as such mine, my own. They are chattels and the land pirates should keep their grubby hands off them. 

@Bratnia - you can of course identify yourself as an investor or even a cat these days.
If you identify as a hobbist collector, your coins and bars are part of your collection - they are personal possessions - they are chattels and as such as long as you keep each sale of your chattels under the £6000 threshold you do not need to declare them on a tax form as a UK tax resident. [This is my interpretation of the HMRC website information - do you own due dilligence]

If you want to identify your coins and bars as an investment and not a collection then if you have any bars or non UK coins you should calculate capital gains with indexation for inflation, postage costs, internet, bank charges, postage and storage costs etc etc.
A friend of mine had his home searched by the cops for a completely different matter and they decided to seize his treasure and some cash - and he has had to prove where he got the money and gold/silver from. With me i have bought a lot of my stuff off TSF - i pay by bank transfer and i have all the messages of my purchases. I have all the emails and invoices for my purchases from dealers. It would be a bit of a faff to collate all this information but i could do it.  The bank onces rang me to ask what all these transfers of money were about. I said i was buying gold and silver from people i know - i told the guy asking me questions to buy gold and silver as well. He said ok and that was that.
It is a person's right to manage their affairs in the best way possible to reduce taxes. Personally i would not consider calling my treasure an investment - they are all my babies and as such mine, my own. They are chattels and the land pirates should keep their grubby hands off them. 

Turn round twice and you'd think you were on the Step.

What's this new avatar showing off Carol's bazooka Joe's?
Don't think i hadn't noticed. 

So it is gold i take it - there is a 9 and 0.375  (9/24) for 9 ct gold.
The mark on the far left is likely the assay office - this makes me think Chester which last assayed metal back in 1962.
We have a upper case Q as the year mark on the far right. i have 1899 as my best shot at the year.
H&N will be the maker's mark. 
Does it look like this?  
This is Hollis and Newman. They were around in 1899 so would fit a Q year mark of that year.

 
This is a brooch sold on ebay - it was sold as a 9ct gold Hollis & Newman 1901 CHESTER brooch. The year letter is R - so the seller got it wrong - it is actually a 1900 piece.

So it is gold i take it - there is a 9 and 0.375  (9/24) for 9 ct gold.
The mark on the far left is likely the assay office - this makes me think Chester which last assayed metal back in 1962.
We have a upper case Q as the year mark on the far right. i have 1899 as my best shot at the year.
H&N will be the maker's mark. 
Does it look like this?  
This is Hollis and Newman. They were around in 1899 so would fit a Q year mark of that year.

 
This is a brooch sold on ebay - it was sold as a 9ct gold Hollis & Newman 1901 CHESTER brooch. The year letter is R - so the seller got it wrong - it is actually a 1900 piece.

Most of the silver coming to market is a byproduct of other metal production - mainly copper and zinc. Silver is an added bonus to the profit line in their production. If these metals are produced then there will be silver. The AISC of the pure silver mining plays isn't that important b/c if copper and zinc are mined and refined there will be silver. If all the silver mines closed, the average AISC would drop very low - not to zero but not $18. During the electrolytic copper refining process, sludge drops to the bottom of the refining tanks - this contains silver and some other precious metals. It is there for further processing without any mining required.
The main cost in mining is energy. Mining is very heavy on energy. Digging millions of tonnes of rock out of the ground, crushing and processing it needs a lot of energy. So the cost of all metals including silver is directly linked to the oil price. 
There are some who claim we have passed peak oil and the oil price in the next few years will start climbing which would innevitably feed into metals prices. i remember hearing about peak oil 20 years ago and it never happened. The idea of peak oil is that oil is a fossil fuel - the product of decomposed vegetation cooked inside the Earth. Then once an oil field runs dry that's it - it's all gone. This is a faulty theory when you consider oil has been drilled for over 12km down by both the Russians and Qataris. Plant matter was never growing that far down. Oil and gas are produced inside the Earth in a chemical reaction - as far as we are concerned there is unlimited oil and gas. Oil fields can 'run dry' but given time they fill up again. This happens but of course Big Oil isn't about to broadcast ideas like oil is the second most plentiful liquid on the planet isn't good for business.

Look out side it is already happening. Sunak is talking about price controls in the face of over 40 year record food inflation. This is End Times talk. Price controls don't work. The shops will empty out. It will end in tears. We need endless immigration to pump up property prices and support pension payments. As soon as prices make property unobtainium and the property market starts to crack, the not so good ship UK will end up at the bottom of the sea along with my silver stack.