SILVER DEALS - (UK & Europe) See a deal, post it here

[NGMD]

A nice Kilo Silver Dragon coin, priced including VAT. Pre owned but usually decent from Chards. £761.

https://www.chards.co.uk/2012-1kg-silver-lunar-dragon-australian-pre-owned-coin/18288

[paulmerton]

Back in stock: https://www.royalmint.com/invest/bullion/bullion-coins/silver-coins/queens-beasts-2021-kilo-silver-coin/

8 left, be quick!  

[bobski]

3 minutes ago, paulmerton said:

Back in stock: https://www.royalmint.com/invest/bullion/bullion-coins/silver-coins/queens-beasts-2021-kilo-silver-coin/

8 left, be quick!  

Is that a good price for these @NGMD?

[MinerJim]

19 minutes ago, bobski said:

Is that a good price for these @NGMD?

Seems to be, if you’re into numismatic value at least. Going for 1000 - 1100 on eBay. 

[SilverDrum]

34 minutes ago, bobski said:

Is that a good price for these @NGMD?

Make sure to use something like topcashback for a little discount.

[paulmerton]

5 minutes ago, SilverDrum said:

Make sure to use something like topcashback for a little discount.

Does that work on bullion purchases?

[SilverDrum]

5 minutes ago, paulmerton said:

Does that work on bullion purchases?

Dam, i miss the 2005 proof and blunder this...sorry, seem's it may be on commemorative only. 

[sovereignsteve]

2 hours ago, paulmerton said:

Does that work on bullion purchases?

no afraid not

[FriedrichVonHayek]

https://britanniacoincompany.com/buy-coins/bulk-coins/kilo-pre1947-silver/

These are a decent price for UK stackers on a budget.

Only 10% over spot and free postage.

[SovereignBull]

Silver Trader has 10oz 2024 Britannias in stock. Buying 2 and using the bankpayment code u can get 2 delivered for £519.00. Not bad for brand new silver.

[kena]

I would also suggest signing up for SilverTrader's newsletter since each month you get a coupon giving you £3 off a purchase of £60 or more.

[Wilburwombat]

1 hour ago, kena said:

I would also suggest signing up for SilverTrader's newsletter since each month you get a coupon giving you £3 off a purchase of £60 or more.

Do you have a link for his newsletter? I'm sure i'm being blind but can't find any mention of it on his website.

[kena]

Should on the bottom right of the web site at https://www.silvertrader.uk/

[Orpster]

Atkinsons have a load or pre-owned bars in stock at decent prices, for example:

https://atkinsonsbullion.com/silver/silver-bars/10oz-silver-bars/pre-owned-10oz-silver-bar?utm_source=Atkinsons+Bullion+%26+Coins+-+GDPR&utm_campaign=fa8c45123b-13.02.24+P%2FO+Silver+Bars&utm_medium=email&utm_term=0_-4c827f842f-[LIST_EMAIL_ID]

https://atkinsonsbullion.com/silver/silver-bars/1kg-silver-bars/pre-owned-1kg-silver-bar?utm_source=Atkinsons+Bullion+%26+Coins+-+GDPR&utm_campaign=fa8c45123b-13.02.24+P%2FO+Silver+Bars&utm_medium=email&utm_term=0_-4c827f842f-[LIST_EMAIL_ID]

 

[Jvc2858]

Why are they changing VAT on pre owned silver bars?

[Jimmock]

Just now, Jvc2858 said:

Why are they changing VAT on pre owned silver bars?

Basically,because it's only pre- owned coins that are vat exempt. 😁

[katyc]

10 minutes ago, Jvc2858 said:

Why are they changing VAT on pre owned silver bars?

Good question. Second hand; margin scheme... Or am I missing something?

[theman73]

Just now, katyc said:

Or am I missing something?

Greed?

[theman73]

20 minutes ago, Orpster said:

Atkinsons have a load or pre-owned bars in stock at decent prices, for example:

https://atkinsonsbullion.com/silver/silver-bars/10oz-silver-bars/pre-owned-10oz-silver-bar?utm_source=Atkinsons+Bullion+%26+Coins+-+GDPR&utm_campaign=fa8c45123b-13.02.24+P%2FO+Silver+Bars&utm_medium=email&utm_term=0_-4c827f842f-[LIST_EMAIL_ID]

https://atkinsonsbullion.com/silver/silver-bars/1kg-silver-bars/pre-owned-1kg-silver-bar?utm_source=Atkinsons+Bullion+%26+Coins+-+GDPR&utm_campaign=fa8c45123b-13.02.24+P%2FO+Silver+Bars&utm_medium=email&utm_term=0_-4c827f842f-[LIST_EMAIL_ID]

 

Why this used bars are a good deal?

I have brand new bars at similar price...

[MBTPSilver]

30 minutes ago, Jvc2858 said:

Why are they changing VAT on pre owned silver bars?

All silver in the UK has VAT to pay. Buying/selling it second hand gives them the opportunity to do so through the VAT margin scheme, so they'll pay VAT on the difference between what they paid for it and what they sell it at.

For example they paid £200 for a 10oz bar, and sell it for £240, they would have to pay VAT on the £40, so another £8. Total price on their site £248.

Alot of dealers tend to call second hand silver 'VAT-free' for simplicity, but they are still paying VAT, just much less and including it in the price in a lot of instances. That's my understanding of it anyway.

[katyc]

19 minutes ago, MBTPSilver said:

All silver in the UK has VAT to pay. Buying/selling it second hand gives them the opportunity to do so through the VAT margin scheme, so they'll pay VAT on the difference between what they paid for it and what they sell it at.

For example they paid £200 for a 10oz bar, and sell it for £240, they would have to pay VAT on the £40, so another £8. Total price on their site £248.

Alot of dealers tend to call second hand silver 'VAT-free' for simplicity, but they are still paying VAT, just much less and including it in the price in a lot of instances. That's my understanding of it anyway.

That's spot on. But I am a confused that they're showing a VAT inclusive and exclusive price because on the margin scheme you cannot snow any VAT on the invoice (not even the VAT on the profit). But perhaps it's OK to show on the website - as long as they provide invoices as they should 🤷🏼‍♀️

Edited February 13 by katyc

[theman73]

6 minutes ago, MBTPSilver said:

All silver in the UK has VAT to pay. Buying/selling it second hand gives them the opportunity to do so through the VAT margin scheme, so they'll pay VAT on the difference between what they paid for it and what they sell it at.

For example they paid £200 for a 10oz bar, and sell it for £240, they would have to pay VAT on the £40, so another £8. Total price on their site £248.

Alot of dealers tend to call second hand silver 'VAT-free' for simplicity, but they are still paying VAT, just much less and including it in the price in a lot of instances. That's my understanding of it anyway.

In this case they charge full VAT.

They need to use ''margin scheme'' for what you explained

 

Edited February 13 by theman73

[MBTPSilver]

Perhaps in this instance they haven't bought it through the VAT-margin scheme then. It could have been purchased under some other method and therefore needs to have full VAT paid.

[Jimmock]

I will repeat my earlier answer - the "vat margin" scheme only applies to coins,bars and silver rounds can not be purchased vat free,unless it is being stored by the company your buying it off. Even then you will need to pay the vat,if you ever want to physically hold it.

Edited February 14 by Jimmock

[MBTPSilver]

59 minutes ago, Jimmock said:

I will repeat my earlier answer - the "vat margin" scheme only applies to coins,bars and silver rounds can not be purchased vat free,unless it is being stored by the company your buying it off. Even then you will need to pay the vat,if you ever want to physically hold it.

That is incorrect, it can apply to bars and rounds, and is not limited to just coins.

Chards for example - https://www.chards.co.uk/guides/special-scheme-gold-and-silver/259

Or BBP - https://www.bullionbypost.co.uk/silver-bars/pre-owned-silver-bars/