Recommend a European silver dealer?

[Stacktastic]

I want to buy some silver from Europe & send it to Poland. 
Can anyone recommend a dealer with a good reputation?

And good prices - Umicore or what ever - 1kg's. 
I guess Germany would be the best place? 

What about this? https://europabullion.com/silver-bars/303-1-kg-goddess-europa-silver-coin-bar.html
Or https://www.geiger-edelmetalle.de/en/online-shop/silver-bar-1-kg-fine-silver.999-umicore-brandnew-1348.html?c=196 

 

[modofantasma]

@Stacktastic Silver-to-go or gold silver.be would be ones I've used in the past. Always had a good quick service in the past.

Europa sound good too and friends have used them, I've not personally though. Auragentum has been recommended also by a friend in Europe though he says silver premiums are high so has only ordered gold from them and some fancy silver coins this year.

 

[LawrenceChard]

16 hours ago, Stacktastic said:

I want to buy some silver from Europe & send it to Poland. 
Can anyone recommend a dealer with a good reputation?

And good prices - Umicore or what ever - 1kg's. 
I guess Germany would be the best place? 

What about this? https://europabullion.com/silver-bars/303-1-kg-goddess-europa-silver-coin-bar.html
Or https://www.geiger-edelmetalle.de/en/online-shop/silver-bar-1-kg-fine-silver.999-umicore-brandnew-1348.html?c=196 

 

Witam

As you mention " Umicore or what ever - 1kg's", I guess you are thinking about bars rather than coins.

And when you said "And good prices", I was sure you should have been thinking about @ChardsCoinandBullionDealer, who are definitely in Europe. I know because I was there only a few days ago.

As for "a dealer with a good reputation", I has to be!

As it would be being exported, it should be zero rated for UK VAT.

Are there no good dealers in Poland?

😎

[Roy]

Witamy!

17 minutes ago, LawrenceChard said:

As it would be being (sic) exported, it shsould (sic) be zero rated for UK.

😎

A good point, poorly written 😁

I've been buying platinum from the RM and having it delivered in the USA. Cheap as chips and gravy.

😁

[Bigmarc]

What's the minimum you can bring back and not declare it? 

[Roy]

4 minutes ago, Bigmarc said:

What's the minimum you can bring back and not declare it? 

I think any has to be declared?

[Bigmarc]

Cheers, am visiting a mate that lives outside Paris next month wondered if it was worth making a order. 

[Roy]

Yes, but you would have to order from a French account.

(this is not financial advice!)

[Bigmarc]

40 minutes ago, Roy said:

Yes, but you would have to order from a French account.

(this is not financial advice!)

But still have to declare it? I didn't know if there was a personal allowance look Iike tobacco. 

[Roy]

I don't think there is any allowance since Brexit?

It would be on the HMRC website, I guess?

[LawrenceChard]

1 hour ago, Roy said:

Witamy!

A good point, poorly written 😁

I've been buying platinum from the RM and having it delivered in the USA. Cheap as chips and gravy.

😁

I corrected the mis-spelling, but I consider that "As it would be being exported," is perfectly grammatical. "As it would be exported," does not convey what I intended.

Are @ChardsCoinandBullionDealer not a better deal than the RM?

😎

[Roy]

1 hour ago, LawrenceChard said:

I corrected the mis-spelling, but I consider that "As it would be being exported," is perfectly grammatical. "As it would be exported," does not convey what I intended.

I didn't say it was wrong, just awkward 😀

1 hour ago, LawrenceChard said:

Are @ChardsCoinandBullionDealer not a better deal than the RM?

Depends on postage 😉

[LawrenceChard]

1 hour ago, Roy said:

I didn't say it was wrong, just awkward 😀

Depends on postage 😉

Yes, shipping costs do make a difference, especially on international, and the different requirements, procedures, and other things, don't always help.

🙂

[LemmyMcGregor]

On 03/06/2022 at 18:00, Bigmarc said:

But still have to declare it? I didn't know if there was a personal allowance look Iike tobacco. 

I've seen this discussed before and I have tried to figure it out myself, I believe that there is no clear answer short of contacting HMRC, which would possibly mean being flagged for when you next come in. Well, it might depend on how you presen yourself and phrase it.

From what I've seen, it depends on whether is considered goods or currency, customs states that for goods you have a limit of £390 while currency is up to £10.000. Being legal tender we are probably talking about the currency limit, still, use the coin retail value rather than face value, say, for a Silver Britannia they would probably consider a coin as valued £30 and not £2.

I suspect is none of the above, as HMRC states that they must be notified when you make an exempt supply above £5.000.

[Bigmarc]

1 hour ago, LemmyMcGregor said:

I've seen this discussed before and I have tried to figure it out myself, I believe that there is no clear answer short of contacting HMRC, which would possibly mean being flagged for when you next come in. Well, it might depend on how you presen yourself and phrase it.

From what I've seen, it depends on whether is considered goods or currency, customs states that for goods you have a limit of £390 while currency is up to £10.000. Being legal tender we are probably talking about the currency limit, still, use the coin retail value rather than face value, say, for a Silver Britannia they would probably consider a coin as valued £30 and not £2.

I suspect is none of the above, as HMRC states that they must be notified when you make an exempt supply above £5.000.

Would this be classed as goods or currency? I have been known to get a little creative. 

[modofantasma]

5 minutes ago, Bigmarc said:

Would this be classed as goods or currency? I have been known to get a little creative.

A tube of silver Brits dangling from each ear? 

[bean182]

I have been happy with my purchases at https://www.europeanmint.com/ 

[LemmyMcGregor]

On 05/06/2022 at 13:36, LemmyMcGregor said:

I've seen this discussed before and I have tried to figure it out myself, I believe that there is no clear answer short of contacting HMRC, which would possibly mean being flagged for when you next come in. Well, it might depend on how you presen yourself and phrase it.

From what I've seen, it depends on whether is considered goods or currency, customs states that for goods you have a limit of £390 while currency is up to £10.000. Being legal tender we are probably talking about the currency limit, still, use the coin retail value rather than face value, say, for a Silver Britannia they would probably consider a coin as valued £30 and not £2.

I suspect is none of the above, as HMRC states that they must be notified when you make an exempt supply above £5.000.

I wrote to HMRC, they replied, it's £10.000. I wrote specifically about bullion coins, could be the same for bars.

 

Dear Lemmy

 

Thank you for your email.

 

Types of cash you must declare are

• notes and coins

• bearer bonds

• travellers’ cheques

• cheques (including travellers’ cheques) that are signed but not made out to a person or organisation

 

If the value of the coins are under £10,000 then you would not need to declare this amount. You would only need to declare the coins if it is over the amount of £10,000.  

 

Please find below guidance on taking cash in and out of the UK

https://www.gov.uk/bringing-cash-into-uk

 

Yours faithfully,

 

 

HM Revenue & Customs

Customs, International Trade & Excise

[Bigmarc]

35 minutes ago, LemmyMcGregor said:

 

 

I wrote to HMRC, they replied, it's £10.000. I wrote specifically about bullion coins, could be the same for bars.

 

Dear Lemmy

 

 

 

Thank you for your email.

 

 

 

Types of cash you must declare are

 

• notes and coins

 

• bearer bonds

 

• travellers’ cheques

 

• cheques (including travellers’ cheques) that are signed but not made out to a person or organisation

 

 

 

If the value of the coins are under £10,000 then you would not need to declare this amount. You would only need to declare the coins if it is over the amount of £10,000.  

 

 

 

Please find below guidance on taking cash in and out of the UK

 

https://www.gov.uk/bringing-cash-into-uk

 

 

 

Yours faithfully,

 

 

 

 

 

HM Revenue & Customs

 

Customs, International Trade & Excise

That's interesting I always thought it was 10000 euros and it was a European law. 

Does this come under the same bracket as paying vat?.

[LemmyMcGregor]

8 minutes ago, Bigmarc said:

That's interesting I always thought it was 10000 euros and it was a European law. 

Does this come under the same bracket as paying vat?.

This is British legislation, I have copied the links in my previous post. Could well be that has been copied into British legislation from EU legislation and never removed.

This said, no idea about VAT specifics, I have presented myself as a private collector that could acquire the odd coin for personal collection, in this specific case, it is clear that I can acquire up to the limit without having to let anyone know.

[Bigmarc]

15 minutes ago, LemmyMcGregor said:

I have presented myself as a private collector that could acquire the odd coin for personal collection

This is the confusing part. One person just visiting a few coin shops in a European city then the next person buys up a monster box as an investment. It's difficult to see where the line has been drawn. It's a shame really as I just won't bother if it's going to be a ball ache at customs. 

[LemmyMcGregor]

Just now, Bigmarc said:

This is the confusing part. One person just visiting a few coin shops in a European city then the next person buys up a monster box as an investment. It's difficult to see where the line has been drawn. It's a shame really as I just won't bother if it's going to be a ball ache at customs. 

Not really, they made it clear that the line is at 10k, above that you need to talk to them.

[ak74]

On 03/06/2022 at 02:40, Stacktastic said:

I want to buy some silver from Europe & send it to Poland. 
Can anyone recommend a dealer with a good reputation?

www.metalmarket.eu (from Poland :))

auragentum.de

 

[Stacktastic]

On 03/06/2022 at 03:36, modofantasma said:

@Stacktastic Silver-to-go or gold silver.be would be ones I've used in the past. 

Europa sound good too and friends have used them

1 hour ago, ak74 said:

www.metalmarket.eu (from Poland :))

auragentum.de

 

Thanks. Poland makes sense. I have used El Dorado, but they only have coins & are a small outfit. 

On 03/06/2022 at 16:25, LawrenceChard said:

Witam

As you mention " Umicore or what ever - 1kg's", I guess you are thinking about bars rather than coins.

On 05/06/2022 at 13:36, LemmyMcGregor said:

I've seen this discussed before and I have tried to figure it out myself, I believe that there is no clear answer short of contacting HMRC, which would possibly mean being flagged for when you next come in. Well, it might depend on how you presen yourself and phrase it.

From what I've seen, it depends on whether is considered goods or currency, customs states that for goods you have a limit of £390 while currency is up to £10.000. Being legal tender we are probably talking about the currency limit, still, use the coin retail value rather than face value, say, for a Silver Britannia they would probably consider a coin as valued £30 and not £2.

I suspect is none of the above, as HMRC states that they must be notified when you make an exempt supply above £5.000.

16 hours ago, Bigmarc said:

This is the confusing part. One person just visiting a few coin shops in a European city then the next person buys up a monster box as an investment. It's difficult to see where the line has been drawn. It's a shame really as I just won't bother if it's going to be a ball ache at customs. 

I prefer bars now - fed with coins and the issues with milk spots and all. Got loads of QB's anyway. 
I should have been clear, I am british & have a house in Poland.
I wanted to go there, order a kg and take it back in hand luggage. 

Just wondering if saving on the VAT would be worth the risk as surely it would be picked up on the scanner. 
The main risk would be in Poland if they confiscate it as I am unsure of the law. 
Considering kg bars are on the forum for under £700 not sure its worth it now.
Maybe Im better off sticking it into SLV or Wheaton, GDXJ maybe as i have at least 7kg now. 

 

[modofantasma]

7 minutes ago, Stacktastic said:

The main risk would be in Poland if they confiscate it as I am unsure of the law

Build a stack of physical and leave it in or vault it near your 2nd house?