First Mint

[easyonthebrain]

First Majestic Silver Company now minting through and along side https://firstmint.com/ and some of their first strikes 5oz 10oz & 1kilo coming out & on sale now. I take it if I order some it would get hit with vat & import duties. Have I got that right before I order some?

[SilverPlatinum]

To be honest, although I'm Canadian but I think First Majestic made a mistake by forming this new mint.

The market if over saturated with mints. And there is nothing special about those silver bars on their website! Nor the prices are attractive........

They need to be more creative by creating something new and unique, for example they need to look at how Scottsdale Mint makes their products (which in my opinion is number one private mint out there when it comes to creativity).

[HonestMoneyGoldSilver]

13 minutes ago, SilverPlatinum said:

To be honest, although I'm Canadian but I think First Majestic made a mistake by forming this new mint.

The market if over saturated with mints. And there is nothing special about those silver bars on their website! Nor the prices are attractive........

They need to be more creative by creating something new and unique, for example they need to look at how Scottsdale Mint makes their products (which in my opinion is number one private mint out there when it comes to creativity).

I like Scottsdale but what about Germania and KOMSCO of the larger mints? For creativity KOMSCO are next level with their stackers, Sword of St. Michael, Ganesha, unique items

[easyonthebrain]

2 minutes ago, HonestMoneyGoldSilver said:

I like Scottsdale but what about Germania and KOMSCO of the larger mints? For creativity KOMSCO are next level with their stackers, Sword of St. Michael, Ganesha, unique items

That’s very true of Komsco, they’ve had some really nice stuff out there. I like Germania as well. I haven’t got any Scottsdale silver yet. Is it a double whammy vat & import buying from anywhere outside uk or am I misreading the stuff. 

[HonestMoneyGoldSilver]

18 minutes ago, easyonthebrain said:

That’s very true of Komsco, they’ve had some really nice stuff out there. I like Germania as well. I haven’t got any Scottsdale silver yet. Is it a double whammy vat & import buying from anywhere outside uk or am I misreading the stuff. 

Yep, you're correct - VAT is due on imported silver to the UK. Scottsdale stuff is relatively easy to find in the UK though

Edited March 29 by HonestMoneyGoldSilver

[easyonthebrain]

Cheers, thanks for help. I might look round forum for Scottsdale first.