Coming up at auction this week............

[DrDave]

.........not for me, but might interest somebody on here.

Its a local auction house to me and was just browsing.

https://auctions.chalkwellauctions.co.uk/lots/view/1-69WXW7/a-cased-set-of-sterling-silver-proof-edition-ingots-commemorating-1000-years-of-british-monarchy-contains-50-individual-ingots-each-weighi

[Mobius]

These sets usually only sell for the silver price at auction - so the lucky seller will get around £1000 for his £1600 worth of silver 🙄

Mobius

 

 

[scotwasp]

Sold for 1200 plus commission, a very good price. 

[James32]

2 minutes ago, scotwasp said:

Sold for 1200 plus commission, a very good price. 

What was the commission?

[Bigmarc]

20% buyers, 5% online fee, plus vat 

So about £1800

 

Edited August 10, 2022 by Bigmarc

[Bigmarc]

Not sure if vat would be applied to this lot tho

 

[James32]

4 minutes ago, Bigmarc said:

20% buyers, 5% online fee, plus vat 

So about £1800

 

Still good for just over 3kg of fine silver..pity the seller doesn't see much of it though. 

[Bigmarc]

1 minute ago, James32 said:

Still good for just over 3kg of fine silver..pity the seller doesn't see much of it though. 

Much the same as eBay fees. Always find the vat a strange thing as it is not applied to all lots. 

I have about 4 auction houses within half hour drive so generally like to pick it up to avoid postage costs.

[scotwasp]

Think you only pay vat on commission 

[Bigmarc]

4 minutes ago, scotwasp said:

Think you only pay vat on commission 

Yes that what I thought unless the seller is vat registered or not. If a company is selling unsold stock I think they still need to add vat, probably not in this case tho.

[HillWalkerDundee]

There is vat based on the margin scheme. I know how it works on cars, I don't know about silver