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SilverMike

Platinum Premium Member
  • Posts

    915
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Posts posted by SilverMike

  1. 6 minutes ago, Paul said:

    My 2oz gold Matt proof, is in the back of the safe deposit box now. It's not going anywhere, any time soon.  With the rest of the retirement stack. 

    I seem to have more ' retirement not selling anytime soon ' stack , than common bullion I used to have :(

    It is a lovely, and different coin

    I think Sir, it is fair now to refer to your “stack” as a very fine modern collection, you need to officially ‘come out’ and sell what is left of all that heavy bullion in favour of early proofs and collectables, the dark side calling you 😄

  2. 1 hour ago, Taikonaut said:

    RM were hoping they were a sellout in days but because it is not shifting quickly enough they put a new announcement that sale will end on 31st December. I won't give them the benefit of the doubt, its obviouse what has happened.

    You think that they haven’t sold a few hundred coins, that they haven’t struck yet, in a few days, that this is an issue to the Royal Mint? They strike lots of coins in gold that they are more than happy to sit on for years. 

    I suspect not, more that @westminstrel is correct in that it was a balls up and was always the case, it’s not unusual for them to make that type of mistake. They are an odd business, but in their weird way they are protective and proud about who they are and what they do and represent. These sovereigns along with the other coins they have tagged as “memorial” is their way of honouring the passing of QEII and they will proudly stand by their mandate. 

  3. 1 hour ago, ryanwinter73 said:

    Has anyone had any experience with buying from the US on Instagram? Claims $8 and 48 hour shipping. TIA

    $8 definitely won’t buy a 48hr service. I have had those express services (and also sent in similar time frames) but thats with ups or fedex and its a $40 (ish) dollar service for very low weight (a sovereign for example). Heavier is more expensive. Could be with usps but that can take weeks or months and $8 still seems cheap.

    assuming your seller breaks his own laws (and why would they) and incorrectly declares the item and/or declares them as a very low value amount then you might dodge the duty. certain gold types are classed as investment gold and come in duty free, but bullion silver definitely isn't.

    You’ll most likely have to pay 20% of the declared value and if its on a usps type service that will use royal mail on arrival in the uk you get hit with an admin charge, which is about £15 i think - and they wont do anything with it until you’ve paid, but its been a long time since i used rhe cheap services as it works out about the same cost to use UPS / DHL / FEDEX and they are better and quicker. 
     

    Tbh, personally I wouldn’t bother. However, If it is genuine he’s got his shipping cost wrong and you should prepare to pay 20% on top plus fees and have a long wait. If you dont have too, take it as a bonus, but more than likely you will. 

    good luck and take care

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