UK Silver

[scubajunky]

Where is the best place to buy pre owned silver coins in the UK. I'm thinking if I buy pre owned I avoid VAT and don't need to buy from Europe to avoid VAT. Thanks in advance.

[KitboyE17]

1 minute ago, scubajunky said:

Where is the best place to buy pre owned silver coins in the UK. I'm thinking if I buy pre owned I avoid VAT and don't need to buy from Europe to avoid VAT. Thanks in advance.

Here on the forum. Best place. Best value. 

[trp]

Here on the forum like @KitboyE17 said, but you could also try your local Auction Houses, there are commissions to pay and it’s always cheaper to bid in person rather than a 3rd party (eg: the sale room.com) but you can still pick Bullion coins cheaper than most U.K. online shops. Worth a look. 

[swanky]

1 hour ago, scubajunky said:

I'm thinking if I buy pre owned I avoid VAT

Not necessarily true as I understand, I have not seen VAT law differentiate new and used. If the item is being sold to make a profit, that is trading and VAT is applicable. Unless the seller's total annual revenue is below £1000, or the item is explicitly VAT exempt.

So if buying used bullion, HMRC may argue that the seller is attempting to profit and require they pay VAT.

[trp]

Private sales will always be the best. Unless you can buy in bigger quantities, but the VAT is always another coin you could have bought.