New European Mint Group Orders - OPEN NOW!!!

[BackyardBullion]

We are very happy to announce that we have finally gotten to a place where the European Mint Group Orders are able to move forward!

PLEASE READ THE FOLLOWING CAREFULLY AS THE WORKINGS OF THE "GROUP ORDER" HAVE CHANGED SIGNIFICANTLY

Big changes to the way group orders work

To comply with the new VAT responsibilities facing all things Backyard Bullion we have had to change the way that group orders run. 

We hope that what we can offer is still a worthwhile service for some people. That said, we know that these changes will not suit all and we are sorry for that. Please respect our decisions to run things the way they need to run to protect ourselves as a business. 

The biggest change is that you will no longer place orders with me (Backyard Bullion). Orders will be placed directly with The European Mint and then "Vaulted" with them. When certain thresholds (mainly weight) are met, parcels will be shipped - or, at the end of each month.

This change does take away one of the benefits of the old orders - having to pay the EU mint directly via IBAN transfer. Doing this is not as difficult as you might expect and we are happy to help and guide people through that process if needed. 

Do these changes mean less savings on group orders?

Fundamentally the savings will be the same. The only issue is that of payment directly to the European Mint. 

International shipping will still be 1.2% of your order. So for an order of 50 oz of silver you would have been paying €48 to EU Mint directly. With this order you would pay about €9 in international shipping and (with special delivery) £13 for onwards postage, meaning about a £20+ saving overall. 

How do you pay the EU Mint directly!?

It is actually not that complicated. I use a transfer service called Transferwise and I would be more than happy to guide you through the process of payment. You can also pay the EU mint via PayPal - although there is a 4% charge for this. You can also pay using your own bank (but my advice would be to avoid this because of the charges and poor exchange rates). 

If you want help getting payment to the EU Mint please feel free to get in touch. 

The new order of play....

How the new group orders will work?

This is a general summary of how a group order will work:

1) You place an order with the European Mint directly.

2) During the checkout process you will need to apply the following code "BYBGROUPORDER" This code gives you a massive €0.01 discount on your order - but more importantly allows the EU mint to identify group order orders. 

3) Select the "Add orders to storage" option on the shipping section. 

4) Message me here on the forum (or via email to info@backyardbullion.com) with your order summary (ideally a copy of your invoice). 

5) We (Backyard Bullion) then will offer a free service of arranging delivery of your items. We will instruct the courier to pick up your order(s), deliver them to us and we will then distribute like we have with previous group orders. 

6) This service is FREE. This means that I do not have to charge you VAT on the shipping costs. However we will, of course, still have to bill you for shipping. The courier costs from the EU Mint to us will be the same rate as before (1.2% of the order value) and will be passed on to you as a disbursement cost. The UK postage will be the same as previous group orders and I will cover those in more detail later in this thread.  

So that is basically how these group orders will run!

NO MORE WEEKEND ONLY ORDERS!!

One of the perks of this new arrangement is that we are no longer bound by weekend only orders. You can place your orders any time with the EU mint directly. 

What can I order and does it include Pre-order items?

You can order anything on the EU Mint website. However, you may notice that the European Mint have a significant number of items that seem "in stock" but are in fact pre-order. These items are usually sourced to order by the EU mint and as such take about 2-3 weeks to arrive with them. So, feel free to order these items but be aware that your entire order cannot be delivered to me and subsequently to you until those orders have been received by the EU Mint. 

Monthly deliveries & weight thresholds

The way we envisage these orders working is that at the end of each month we will have a dispatch of all orders which can be fulfilled. So, if you place an order for pre-order items you may have to wait until the end of the following month for your orders. This could be as much as a 6 week wait. You have been warned. 

However, we will also be shipping items that are ready to go if/when certain weight/value thresholds are met. This will allow us to get orders out sooner and not have 60kg+ parcels to process!

So there are no deadlines to order, you can order whenever you want. We (EU Mint) and I will keep you all as updated as possible about estimates for delivery of your order(s)

General Terms and Conditions

1) I (Backyard Bullion) cannot take financial responsibility for lost/damaged items that are part of this group order.

2) You agree that I (Backyard Bullion) will act as an agent on your behalf to arrange and pay for a courier to pick up your orders. 

3) Backyard Bullion can only dispatch your order upon successful delivery from the European Mint and only upon payment of a separate postage invoice.

4) Any loss or damaged item claims will be initiated and managed by me (Backyard Bullion) and any payouts for claims can only be made upon the successful payout from said claim. Backyard Bullion cannot be held financially responsible for any unsuccessful claims.

5) You are liable for any and all taxes/import duties that may be applied to your order for your home country of delivery. 

Delivery from me to you

This part is essentially identical to previous group orders. 

How do I get my coins from Backyard Bullion?

We will send you an invoice which will include the cost of your share of international postage (1.2% of your orders value) and your options for postage from us to you. 

Here is a quick guide as to what the onwards postage costs will be - this is subject to change where appropriate and is meant to give you a guide as to the costs of postage only. 

 

Please note that the maximum that you can send via Royal Mail Special delivery for a decent price is 2kg (about 55 oz). 

If you would like to order more than this please get in touch to discuss shipping options.  

****Please also note that there is NO PRECIOUS METALS INSURANCE on any royal mail service other than Special Delivery****

What happens in the event of an issue with delivery?

We (Backyard Bullion) cannot be held financially responsible for the loss/damage of any items in this group order. The European Mint has insurance for their parcels but I have never had to put a claim in and I do not know how likely it might be that something is refunded should it go missing in transit. There is an intrinsic risk in ordering from any international company but I am confident that we will be able to resolve anything that might happen. Please bear this in mind before joining the order. 

It is important to note the above terms and conditions and re-iterate that joining this order is at YOUR OWN RISK. I cannot be held responsible if items are lost/damaged when arriving from the European Mint.

Should there be any issues I will of course endeavour to work with the dealer to solve them, but I cannot guarantee a resolution. 

Delivery from me to you is of a postage method of your choosing. As I have mentioned above there is no precious metals insurance for anything other than Royal Mail Special Delivery. In the event an order is missing or damaged any insurance claims will be made by me (Backyard Bullion) and refunds can only be paid upon successful completion and payout from Royal Mail. In the event that a claim by Royal Mail is denied I cannot be held financially responsible.

OUR SERVICE IS FREE - THIS MEANS NOT VAT!!!

It is important to re-iterate that the service that we (Backyard Bullion) are offering is completely free. 

This means we will not have to charge you VAT on your shipping costs.

You are more than welcome to make a community donation at any time if you see fit - just let us know if you want to. Any community donations will go a long way to buying a slap up takeaway for Mrs BYB every month!

However, the best way you can support us would be via our Hand Poured Silver.

We still have 1 oz Silver Forum Bars available!

Have you got any questions?

If you have any questions or would like any more information then please don't hesitate to ask here or via PM. 

[Shaunbarry]

Sounds fair

[Shaunbarry]

Will have to look up that transferwise thing

[Martlet]

For anyone concerns about Transferwise or Revolut, can say they are both easy to use and useful if ever wanting currency transfers for other purposes.  Transferwise is easier for me as its PC browser based, better UI, and you can fast payment from debit card for about £1 added fee - no waiting a day for bank transfers to the account.  

On subject of European Mint, some feedback if you can encourage them to expand their selection, particular the Rwandan series and Libertad are noticably missing. 

[Shaunbarry]

Just set up transferwise on my phone looks ok

[AppleZippoandMetronome]

Awesome you've managed a happy medium here - really applaud you for making the effort to keep these going. One question...  will shipments at the end of the month be happening regardless of the weight threshold or if at the end of the month the threshold isn't met will it be vaulted until the end of the next month? Just want to confirm really that shipments will be happening at the end of each month for items in stock regardless of weight threshold.

[BackyardBullion]

1 minute ago, AppleZippoandMetronome said:

Awesome you've managed a happy medium here - really applaud you for making the effort to keep these going. One question...  will shipments at the end of the month be happening regardless of the weight threshold or if at the end of the month the threshold isn't met will it be vaulted until the end of the next month? Just want to confirm really that shipments will be happening at the end of each month for items in stock regardless of weight threshold.

Once per month there will be a shipment regardless of weight. 

[BackyardBullion]

Oh, and if people order now we will have a shipment at the end of this month. 

[TheProspector]

Really appreciate the diligence show in finding an alternative way BYB 👍

1. if it is not too much trouble I think it would benefit all if there were cut off points as to when you could expect shipment i.e orders before X date will be shipped (providing everything ordered is in stock).

2. At what point will the 1.2% group shipping be applied?

3. Should I register with the European Mint beforehand?

I will check out transferwise, however may have to bug you all with more questions regarding how you pay the European Mint regarding this...

[QStack]

Think i'll be getting a tube of these when they're available 😁

https://www.europeanmint.com/2019-1oz-uk-silver-royal-arms-coin/

[BackyardBullion]

15 minutes ago, TheProspector said:

Really appreciate the diligence show in finding an alternative way BYB 👍

1. if it is not too much trouble I think it would benefit all if there were cut off points as to when you could expect shipment i.e orders before X date will be shipped (providing everything ordered is in stock).

2. At what point will the 1.2% group shipping be applied?

I will check out transferwise, however may have to bug you all with more questions regarding how you pay the European Mint regarding this...

Point number 1

Orders will need to be placed and funds received by EU Mint at least 5 days before the end of a calendar month.

Point number 2

Once you have placed an order with the EU mint please get in touch with me directly. I will then issue you an invoice with your 1.2% shipping charge and options for postage. 

For obvious reasons we cannot guarantee shipping of your items from EU mint to me unless you have actually paid your 1.2% fee. 

 

[Shaunbarry]

So orders must be in by Thursday 25th for this month with EM

[jacobkenn]

New to group order but have used this code TSFBYB50 recently on what you come up with if i am right is on 50 oz will cost me £22 shipping over £24 from the code above is there anymore of a saving say if i as a group we ordered say 200 brits 

[BackyardBullion]

1 minute ago, jacobkenn said:

New to group order but have used this code TSFBYB50 recently on what you come up with if i am right is on 50 oz will cost me £22 shipping over £24 from the code above is there anymore of a saving say if i as a group we ordered say 200 brits 

Hi Jacobkenn,

This code will be expiring very shortly, so beyond this weekend the group orders will basically serve as a discount code on shipping. 

[jacobkenn]

Yeah already expired 

[bluemoon]

Very altruistic act from your BYB, bravo for that.

[AppleZippoandMetronome]

Order placed. Was smooth and easy enough

[Shaunbarry]

I need some Brits 

[Murph]

4 hours ago, jacobkenn said:

Yeah already expired 

Bugger as was about to make an order using it for 10 euro postage which would be cheaper than £8.70 sd plus 1.2% plus 75p.

Never mind it worked, kind of.  It cut 10 eur off the order and dropped VAT to 2 eur but when I checked out it put the VAT back up to 4 eur.

Saves BYB extra work anyway.

[Fastnick]

@BackyardBullion Nice one! 

Sounds a really great way to continue these invaluable Group Orders - and once again, many thanks for all the time and trouble you have gone to to get this new format up and running 

[knighthawk]

Am I understanding the process right?

1. Add items I want to basket
2. Give the group order coupon code
3. Select vaulting
4. Pay European Mint
5. Send you the invoice
6. Send you shipping costs and contribute to the curry fund
7. EM sends the stuff at the end of the month.
8. Receive shiny things

[BackyardBullion]

1 minute ago, knighthawk said:

Am I understanding the process right?

1. Add items I want to basket
2. Give the group order coupon code
3. Select vaulting
4. Pay European Mint
5. Send you the invoice
6. Send you shipping costs and contribute to the curry fund
7. EM sends the stuff at the end of the month.
8. Receive shiny things

Yes indeed

[knighthawk]

3 minutes ago, BackyardBullion said:

Yes indeed

Thanks for the speedy reply mate.

 

[dunmac]

A big thank you to @BackyardBullion for keeping this going. I thought I was late to the party on this one, but placed my first order with the European Mint just now. For anyone a bit doubtful about using TransferWise, it's very simple to use, although the usual precautions apply, making sure you put in the correct bank account numbers, etc. I'll pass on the details of my order to you @BackyardBullion as soon as I get the invoice. 

Edit: Actually, I can screen shot the order page and send it now. Simples

[Bullionaire]

We'll get monthly unboxing videos then?