Jump to content
  • The above Banner is a Sponsored Banner.

    Upgrade to Premium Membership to remove this Banner & All Google Ads. For full list of Premium Member benefits Click HERE.

  • Join The Silver Forum

    The Silver Forum is one of the largest and best loved silver and gold precious metals forums in the world, established since 2014. Join today for FREE! Browse the sponsor's topics (hidden to guests) for special deals and offers, check out the bargains in the members trade section and join in with our community reacting and commenting on topic posts. If you have any questions whatsoever about precious metals collecting and investing please join and start a topic and we will be here to help with our knowledge :) happy stacking/collecting. 21,000+ forum members and 1 million+ forum posts. For the latest up to date stats please see the stats in the right sidebar when browsing from desktop. Sign up for FREE to view the forum with reduced ads. 

Recommended Posts

Posted

Hi Folks

I’ve recently become a silver collector and just joined The Silver Forum. I wanted to ask advice on buying silver bullion from the US and posting it to the UK. What kind of taxes etc am I likely to have to pay, is it a wise investment? I’ve been buying from UK sellers/companies but there seems to be more available options in the US compared to the UK markets. 

Posted
3 minutes ago, JamieUK said:

Hi Folks

I’ve recently become a silver collector and just joined The Silver Forum. I wanted to ask advice on buying silver bullion from the US and posting it to the UK. What kind of taxes etc am I likely to have to pay, is it a wise investment? I’ve been buying from UK sellers/companies but there seems to be more available options in the US compared to the UK markets. 

VAT 20 % + import fees + shipping fees

Posted

Thanks Daca 

Does anyone have experience of buying from the US? I’ve been looking at bullion sold at APMEX.com. Never bought from them before.

Posted
4 minutes ago, JamieUK said:

Thanks Daca 

Does anyone have experience of buying from the US? I’ve been looking at bullion sold at APMEX.com. Never bought from them before.

Large minimum order.
Often very high premiums ( used to be good prices but many items ridiculously priced ).
Expensive shipping
UK VAT at 20% plus courier fees with VAT on top.

If looking for the more popular coins, in small quantities, it generally works out cheaper buying in the UK.
My suggestion is to put a "Wanted" in the trade section here which is free and tends to get super fast responses from fellow members.
 

Posted
17 minutes ago, JamieUK said:

Hi Folks

I’ve recently become a silver collector and just joined The Silver Forum. I wanted to ask advice on buying silver bullion from the US and posting it to the UK. What kind of taxes etc am I likely to have to pay, is it a wise investment? I’ve been buying from UK sellers/companies but there seems to be more available options in the US compared to the UK markets. 

It is a much bigger market, which means a larger selection is more viable, however...

Bigger does not necessarily mean better...

or better value.

If you needed to return anything, it would cost more, and involve more time and hassle.

In most cases I am sure you would get better value in the UK.

Modesty prevents me from naming a well known local dealer.

Oh, and my general advice is that gold is a better investment, but you also mention being a collector.

The above not-mentioned local bullion dealer has an advice page "Advice Guide for UK Bullion Investors" written by a well known TSF member.

😎

 

chards.png

Posted
1 minute ago, Pete said:

Large minimum order.
Often very high premiums ( used to be good prices but many items ridiculously priced ).
Expensive shipping
UK VAT at 20% plus courier fees with VAT on top.

If looking for the more popular coins, in small quantities, it generally works out cheaper buying in the UK.
My suggestion is to put a "Wanted" in the trade section here which is free and tends to get super fast responses from fellow members.
 

Thanks Pete I’ll have a look.

Posted
1 minute ago, LawrenceChard said:

It is a much bigger market, which means a larger selection is more viable, however...

Bigger does not necessarily mean better...

or better value.

If you needed to return anything, it would cost more, and involve more time and hassle.

In most cases I am sure you would get better value in the UK.

Modesty prevents me from naming a well known local dealer.

Oh, and my general advice is that gold is a better investment, but you also mention being a collector.

The above not-mentioned local bullion dealer has an advice page "Advice Guide for UK Bullion Investors" written by a well known TSF member.

😎

 

Thanks Lawrence 😎

Posted

The only silver I would consider buying from the US would be very rare Morgan dollars.  However…even these can be sourced from the U.K. if you are patient!

In my opinion it is not worth it for non- numismatic coins that can be sourced in the UK

Not my circus, not my monkeys

Posted

Just wish the coin series I’m wanting to purchase was available in the UK. They are available on eBay but at a VERY high premium.

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
×
×
  • Create New...

Cookies & terms of service

We have placed cookies on your device to help make this website better. By continuing to use this site you consent to the use of cookies and to our Privacy Policy & Terms of Use