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dollarydoos

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  1. I suppose you're interested in other experiences from the UK, but just to report from the Netherlands: Several parcels delivered to me in the last two weeks by the main postal service (PostNL, the successor of the former state monopolist) have been delayed between one and three days. At least the online tracking announced the delays early in the morning (although I find that online tracking is considerably less useful when you stay at home anyway). Some parcels were still delivered the next day as usual, though. Come to think of it, only the parcels sent to me by shops have been delayed; parcels sent to me by private individuals or sent out by me arrived the next day. I suppose given the circumstances it's actually still going fairly well. It's a rather small sacrifice to make. What annoys me the most is that I can't make any sense of how and what they delay. Last week, one package was delayed for the second day already, but I still saw *two* PostNL vans not just driving through my street, but parking close to my house, and one of them even delivered a package to me, just not the one that was delayed. I would have thought they go about it a bit more systematically, like maybe skip a whole street for one day a week. Instead it seems just random.
  2. Would you ship to continential Europe (Netherlands)? If so, what shipping method would you prefer and how much would that add to the price?
  3. It would have been so much easier if almost everyone would have accepted some responsibility. Now those kind of restrictions at supermarkets will be necessary, even though they will make things even harder for some. What if you have a big family at home and also do the shopping for your elderly neighbour? There are perfectly unselfish reasons to buy large amounts. People who don't have those reasons and still clear out the shelfs are the ones that make rules necessary, but there's no practical way to apply the rules only to them. So we all end up having to follow rules made for the dumbest and most selfish minority of the population. I didn't expect anything else, but I'm still disappointed.
  4. I can only speculate. I have now heard from several bullion dealers that the low spot price has let to such a demand in silver coins that they are all out and don't expect any new supply for the time being (apparently at least eight weeks). It's of course also possible, as some have speculated, that dealers have coins on stock but don't want to sell them for current low prices. To me that seems increasingly unlikely as any dealer willing to sell could probably get away with unprecedented premiums right now. It's important to distinguish between the entire market for silver and the market for silver coins. The market for silver coins is probably relatively small compared to commodity traders shuffling numbers on computers around, and to the industrial demand for silver. The high demand for coins then won't affect the spot price much. And silver coins can't be conjured up; it will take time to make new ones, and I don't think workers at mints are considered too crucial to stay home right now.
  5. I just received a mail from argentorshop.be, another bullion dealer based in Belgium. As far as gold is concerned, they say they have difficulties with their supply but have some on stock now. However, they say that they cannot guarantee that they are able to ship it, and they explicitly recommend customers who are not prepared to wait to not order. As for silver...: "over gans de wereld geen zilveren munten meer te vinden" - "no silver coins to be found anywhere in the world anymore."
  6. It's possibly worthwhile to point out that some countries have already shut down their courts, and others seem to be about to do the same. Silver-to-go and coininvest are based in Germany where court proceedings currently face disruptions and there are more and more calls to close the courts. It's looking more and more likely that for the time being, people won't even get their money back if they pay by bank transfer in advance.
  7. Just to add to those who have praised the box already: I ordered one and it arrived on Friday. It really is great. Excellent quality.
  8. Ah, alright then, I could have made that more explicit. But the margin scheme, at least in Germany and the Netherlands, still imposes VAT on silver coins, at the full rate of 19% (Germany) or 21% (Netherlands). The basis for the calculation is just not the net price, but the margin. If a coin dealer buys a coin for €15 and wants to sell it for €20, the price for the customer will still include about €1 VAT. Estonia, as far as I understand it, doesn't impose any VAT whatsoever on coins, not even with a margin scheme, which is why many common 1 ounce bullion coins are typically between €0.50 and €1 cheaper there than in most other European countries. What I don't understand is why many coins in the UK seem to have full VAT applied to the full price, while some select few are marketed as being sold under the margin scheme but are still considerably more expensive than elsewhere. But UK taxation isn't exactly my area of expertise.
  9. That's simply not true. I know for a fact that there is VAT on silver coins in Germany and the Netherlands, and am fairly sure it's the same in most other Eurozone countries. However, it's VAT on dealer's margin, so it's a margin or differential taxation system. Nonetheless, it does increase the price quite a bit. Also note that this VAT cannot be explicitly listed on invoices as it's not supposed to be possible to get it reimbursed if you own a company and claim you bought the coins for them. Here's a link with a quick overview (in German): https://www.gold.de/steuern-edelmetalle/ Here's the relevant German law: https://www.gesetze-im-internet.de/ustg_1980/__25a.html Silver coins (i.e., current or former legal tender of some sovereign state) fall under (2).1, "Sammlungsstücke," and the "Differenzbesteuerung" (i.e., margin tax) applies to them.
  10. Individual collectors will generally be willing to buy from you for a bit less than what they'd have to pay elsewhere, depending on what discount they expect given the risk involved in buying from someone who isn't a reputable seller (yet). So it depends on what their alternatives are. Despite apparently also sometimes falling under some sort of margin scheme, silver coins seem to be universally more expensive in the UK because of VAT. The only country in Europe I am aware of that doesn't apply any VAT on coins is Estonia, where europeanmint.com is seated. They typically have some very cheap common bullion coins, but some rarer stuff can be a bit expensive, and shipment costs are quite high. Overall, for my purchase behaviour, I find that I'm usually best off buying from German and Dutch dealers (but I live in the Netherlands, so shipping possibilities and costs may vary) or private sellers. In any case, I know that both Dutch and German dealers apply the margin scheme, making it considerably cheaper than applying VAT to the full price. When you sell to individuals, the upper limit of what you can expect depends on the additional costs for the buyer and the cheapest option the buyer has elsewhere. If you are in the UK and want to sell as a private individual to another private individual in the UK, take into account what the other options of your buyer are. As a private seller you typically won't have to charge VAT (or rather, your price can include the VAT component of professional dealers which your buyer would otherwise buy from, but you get to keep it rather than having to pass it on to the government). Shipping costs within the UK are probably cheaper than what sellers from the rest of Europe can offer for shipping to the UK, so that's an advantage. If you sell on a platform that charges substiantial fees, you may lose quite a lot to that. If you sell on a forum like this, you won't have to pay fees, but the audience is probably smaller than on ebay and will tend to be well informed about the alternatives. Also take into account the time and effort to sell, say, 100 coins to 50 different buyers. You may or may not care about that. When you sell to a professional coin dealer, the dealer will just have to charge VAT again (on the total price or at least on the margin) when reselling, so that will reduce the amount they can offer you. Generally, with professional dealers, the spread between buying and selling is far higher for silver than for gold.
  11. I'm asking here instead of writing a PM because it might be relevant for others as well: - Are the cutouts in the foam for the capsules for the original Royal Mint capsules? I already have capsules for Sovereigns, but they aren't the original ones. They are for 22.5mm coins and have an outer diamter of about 28mm. Would they fit well? - How much would it cost to ship one to the Netherlands?
  12. So, this is probably not helpful, but just in case: Since I would use any money from selling Sovereigns to buy Sovereigns, I'm not interested in selling unless you'd pay unreasonably high prices. But there are a few Sovereigns that I am looking for myself, and perhaps you have one of those twice, so perhaps we could exchange them. Should there be a significant value discrepancy it could be settled with cash in addition. Might mostly make sense if you live in the Randstad or Zuid-Holland, in which case we might be able to avoid postnl. So, just a long shot. I have the 1902, 1957, and 1962 that I'd be willing to part with. Nothing special about them, just the years you mentioned. Here's a list of what I'm looking for; and I realise some of them are too rare: - I start with something realistic: Full Sovereign with portrait by Ian Rank-Broadly (1998-2015), including the 2012 Diamond Jubilee version with Paul Day's design on the reverse, but excluding the 2005 version. If you have the latter, please destroy it. - "Sydney Mint Australia Back" (Sidney mint 1855-1870) - Any "Shield Back" (various; 1838-1887 for Victoria; later anniversary editions; of course I wouldn't say no to any full Sovereigns in good condition from before Victoria either, shield or no shield, but that's not going to happen, is it) - Proof version of any full Sovereign between 1979 and 1984 - Any full Sovereign with portrait by Raphael Maklouf (1985-1997); only proofs were issued, so I know this is unlikely - I'd also be interested in a Gouden Tientje from 1897 and/or 1898
  13. Thanks for showing the reverse. I'm very unhappy to see that they replaced Adam Smith. Did you have a bank account with the bank that accepted the old notes? I didn't have an account with a UK bank, so that seemed to have complicated things.
  14. The coins I bought from @Gildeon arrived today. Say what you want, but some things just work very smoothly in the Eurozone. Beautiful coins, great condition. Now to find those new elephants a place between the others. I don't think I'll ever not be delighted about how happy the one from 2018 (lower left) looks.
  15. Thanks for showing them. I quite like the more intense colour. Would you mind showing the reverse as well? I was wondering when exactly they would come out. For how long will the old £20s remain valid in shops? I completely missed the transition to new £5 and £10 notes, and when I've been to the UK again last year, I tried to pay with the old tenners I still had from the previous trip, only to be told that they aren't accepted anymore. Fortunately I didn't have too many; I ended up mailing them to the Bank of England and got reimbursed by direct deposit. I had to provide an "explanation" for where I had the money from and why I still had it. They seemed to be quite serious about it, but even if they thought I was laundering, 50 quid probably wouldn't qualify as a major operation, so "from a trip two years ago" was good enough apparently. I googled it back then and found that the new £20s would be introduced in 2020, so this time I made sure to not take any £20s back with me. For anyone in the UK: Is it normal that apparently every single cash machine only dispenses £10 and £20 notes? No £5 or £50? How do British parents even have the right cash to pay pocket money? Would I even be able to get away with paying with a £50 somewhere? I already had the impression that insisting on using cash instead of contactless put me on some sort of list. It's not that different in the Netherlands where I live, but I'm originally from Germany. Cash payments are one of the few noticable cultural differences that I refuse to adjust to. I will use cash until it's illegal. I vaguely remember a recent survey asking people if they would trust Facebook with their financial data. Hell, I don't even trust my bank with my financial data.
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