Is this a normal margin?

[TheWall]

Is this a normal margin or taking the mick?

https://tavexbullion.co.uk/silver/british-silver-coins/

[ChrisSilver]

Moved to a new topic as the deals section is for sharing deals that members find. 

Please post in a relevant topic or start a new topic to avoid existing topics from going off topic. 

[James32]

On 22/12/2022 at 11:32, TheWall said:

Is this a normal margin or taking the mick?

https://tavexbullion.co.uk/silver/british-silver-coins/

Bit of both unfortunately. 

Substantially less on the kilo than buying direct from the mint.

 

[Arcadian]

Doesn't the 20% vat mean they are selling at £23.83?  That doesn't seem a huge markup, bearing in mind the silver price may drop while they have it in stock.

[TomN]

1 hour ago, Arcadian said:

Doesn't the 20% vat mean they are selling at £23.83?  That doesn't seem a huge markup, bearing in mind the silver price may drop while they have it in stock.

No, that’s what they’d sell at if they weren’t to make any profit - They’re actually selling them for £28.63 t the moment.

[Bogart]

Arcadian is correct. The price before VAT, what Tavex actually receive. is as Arcadian says £23.83 give or take a penny or two. On this £23.83 they obviously make a profit, hence the we buy of £19.19

The differential on the larger coin is slightly different but not that much using the same logic.

[gji25]

Hence tsf should be your first stop when purchasing bullion 👍