Silver Importing Experience.

[NGMD]

A Post of something Nice and a definitive guide to Importing Silver.

 

I like quirky sparkling things or Coins/Bars not available in the U.K. and occasionally Import.

Firstly- Look at the coin❤️ Worth it. Dragon Heaven.

Secondly- This is Importing SILVER from outside of the U.K. and the costs involved. Courier fees can Vary. I’ll be transparent as I’m not looking to flip a quick buck.

I bought 3 coins to meet the free delivery threshold ($300 Aus) from The Perth Mint Australia.  Cost for three- £172.91

I ordered them on the 27th Dec during their shutdown but knew they would be snapped up quick and can only find one supplier selling them in Europe for £100+ each. You would still be paying duties and fees on top from Europe. 

You cannot claim VAT back on SILVER.

Perth Mint are very thorough and update your order with tracking through FedEx. It’s an easy process. Packaging is always fantastic.

I received a message saying the VAT and handling fees are due to FedEx and have a portal link to pay £43.72.

Delivered. In my experience a 7-10 day turnaround.

Total- Coins £172.91 + all charges £43.72 equals £216.63.

Therefore 1 coin is £72.21. 

Still cheaper, better quality and more reliable than a Royal Mint Equivalent 1oz Proof of £103.50

It is legal, opens your eyes to other world mints and very satisfying you have something out of the norm. I appreciate they will possibly come to the U.K. and be cheaper but it’s always a journey and sense of satisfaction.

[MrStacker]

Thank you for your informative post @NGMD

I was looking at the same products to order directly from the Perth Mint too 😂 but I decided to hold for now. 

This gives me confidence now when purchasing anything in future directly from the Perth Mint. 
 

100 times better than RM! 

[Bruce06]

As per my experience before, Perth Mint quality is in general better than Royal Mint, especially the coin is most likely problem free.  Also, some of their designs are very good, like Swan, Eagle, Kookaburra etc.

Edited January 14 by Bruce06

[Silverlocks]

How did you send money to them - bank transfers seem likely to get you shafted on the F/X rates.

[NGMD]

3 hours ago, Silverlocks said:

How did you send money to them - bank transfers seem likely to get you shafted on the F/X rates.

Same as you would with any dealer in the U.K.- debit, credit or transfer. 
I’m not smart enough to tell you the rate- just the complete cost overall.

[AOB]

4 hours ago, Silverlocks said:

How did you send money to them - bank transfers seem likely to get you shafted on the F/X rates.

 

18 minutes ago, NGMD said:

Same as you would with any dealer in the U.K.- debit, credit or transfer. 
I’m not smart enough to tell you the rate- just the complete cost overall.

@NGMD great to know the costs associated with importing - thanks for the post sir. Lovely pieces of shiny👌🏽 

@Silverlocks you could always use Revolut or similar, exchange GBP to AUS$ and pay via bank transfer/ debit card if you worry about any hidden charges by the high street banks

[NGMD]

Just an update on the Perth Mint. There are items on the website which says ‘restricted’ and you cannot buy, this is because Bullion products cannot be exported outside of Australia because of distributor agreements. I rang them up to ask the question because I wanted to buy the new Dragon 1oz Gold Bar in Assay.

It is also worth mentioning that on bigger purchases they require you to send (through a secure link) Driving License with name, address, signature and proof on your Banking Ap of the transaction to the Perth Mint. Obviously I thought that was dodgy, and rung them up to confirm.

Edited February 7 by NGMD

[margin]

Thanks for the info, I was always curious about ‘restricted’