Pete 4,896 Posted February 16, 2022 I watched the most recent video from Silver Seeker who you reference in your video. What was interesting is that he was able to get offers to buy back Britannias and Maples above spot. Looking at his numbers he was quoted between 5% and 10% over spot and he also mentioned that he could purchase these coins at around $4 over spot which is less than 20% over spot. Now compare with the UK - I looked at 1 very well known popular coin seller website and noted that their best value silver Brits were priced 31% over spot. Looking at other silver best value ( meaning cheapest ) they too were 30% above spot. On top in the UK we have of course to add 20% VAT. Buying back these silver coins the typical best price is spot and not a penny over. Interesting to see the margins in the UK, before crippling VAT, is double that of a random selection of buyers in the USA and that USA buyers will pay up to 10% over spot whereas our UK dealers will not pay over spot. Link to comment
