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FriedrichVonHayek

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Reputation Activity

  1. Numistacker liked a post in a topic by FriedrichVonHayek in Should I get the 1/4 proof gold Queens Beast?   
    Wait a few years until they start to turn up at auctions.
    Let the mugs who buy it first take the hit,buying the latest Proof coin from the Royal Mint is like buying a new car in that you are certain to lose money as soon as you buy it.
    Like most of the Mints in the world they produce low mintage,rare coins and limited editions every month and have done for donkey's years.
    You might hit lucky with one from time to time, then again you can also get lucky now and again buying scratch cards but you will never recoup your money.
    If you love the coin and you are not bothered about losing money then buy it,if you are concerned that you might lose money then I wouldn't bother.
  2. FriedrichVonHayek liked a post in a topic by Pete in Worth it? - The Britannia 2017 Brilliant Uncirculated Coin   
    Once again the RM charges £20 for a coin and a further £30 for a cardboard box and not even a capsule - you decide 
  3. Roy liked a post in a topic by FriedrichVonHayek in Poland   
    There is a coin shop near the Marriott run by a couple of miserable gentlemen which had a few decent Polish coins from the Second Republic.
    Also the Polish Mint (Mennica Polska) has a shop in the Arkadia shopping centre.
  4. Roy liked a post in a topic by FriedrichVonHayek in Poland   
    I am of Polish origin and have spent a lot of time in Warsaw,its a great city.
  5. FriedrichVonHayek liked a post in a topic by sovereignsteve in Dragon & Pheonix 1oz error   
    Exactly, it doesn't matter. Collectors will want both, re-sellers will pump them up, the price of the unusual one will inevitably rise.
  6. GoldenAtlantis liked a post in a topic by FriedrichVonHayek in UK, Leave the EU?   
    I hope there is a General Election so that the loony Left wing can be routed and we can put an end to the SJW's and Political correctness.
    I wonder how journalists,actors and the political elite would feel about immigration, if cheap labour from the E.U was driving down their wages.
    It is easy for them to lecture the rest of us as free movement does not affect them.
  7. Lindeman liked a post in a topic by FriedrichVonHayek in Are these all fake???   
    Plated 100 mills rubbish.
    Worthless!
  8. GoldenAtlantis liked a post in a topic by FriedrichVonHayek in UK, Leave the EU?   
    I hope there is a General Election so that the loony Left wing can be routed and we can put an end to the SJW's and Political correctness.
    I wonder how journalists,actors and the political elite would feel about immigration, if cheap labour from the E.U was driving down their wages.
    It is easy for them to lecture the rest of us as free movement does not affect them.
  9. GoldenAtlantis liked a post in a topic by FriedrichVonHayek in UK, Leave the EU?   
    I hope there is a General Election so that the loony Left wing can be routed and we can put an end to the SJW's and Political correctness.
    I wonder how journalists,actors and the political elite would feel about immigration, if cheap labour from the E.U was driving down their wages.
    It is easy for them to lecture the rest of us as free movement does not affect them.
  10. FriedrichVonHayek liked a post in a topic by LongJohnSilver in UK, Leave the EU?   
    This ruling is actually a gift for May.  She can table a carte blanche request to negotiate brexit or threaten the nuclear option of rescinding the fixed term act and calling an election on the issue.
     
    apart from the moral high ground of enacting the peoples' will the tories could  also clean up in midlands and north as ukip decimates labour support. There could easily be a two hundred and fifty seat majority in it for her and labour know it.
     
    even more credence if blair appointed peers block both the people and the commons, this could be a gift that keeps on giving.
  11. Lindeman liked a post in a topic by FriedrichVonHayek in Are these all fake???   
    Plated 100 mills rubbish.
    Worthless!
  12. Lindeman liked a post in a topic by FriedrichVonHayek in Are these all fake???   
    Plated 100 mills rubbish.
    Worthless!
  13. Lindeman liked a post in a topic by FriedrichVonHayek in Are these all fake???   
    Plated 100 mills rubbish.
    Worthless!
  14. FriedrichVonHayek liked a post in a topic by Pete in Customs Importation Codes   
    Yes - fill in this form and supply supporting documentation.
    I just received a letter from them this weekend advising that they will be issuing a refund for the VAT overcharged working the VAT at 5% instead of 20%.

  15. FriedrichVonHayek liked a post in a topic by SilverTrader in Customs Importation Codes   
    Hi Guys & Happy New Year
    I'll save you a little trouble
    I proved under UK law that Bullion coins are numismatics and should have the 5% vat applied not 20% I even won the Parliamentary complaint through the ombudsman against the UK borderforce for what it was worth However 
    HMRC then came back with under the European harmonisation process and due to a hidden apex in the European tax laws under which we all have to comply it is 20%
    European Law overrides UK law
    So untill Brexit happens its 20% afterwards however 5% :-)
    Sincerely martin
  16. FriedrichVonHayek liked a post in a topic by sixgun in Customs Importation Codes   
    I think the thing to do is to get the seller to put the code (numismatic collectible code 9705000020) AND state that these are COLLECTIBLE COINS.
    I think we need to make this a mission. I expect that HMRC has 100s of codes and are simply ignorant of these most of the time. 
  17. FriedrichVonHayek liked a post in a topic by Pete in Customs Importation Codes   
    If you could find on the Perth Mint website a description / promotional text that mentions the attractiveness, collectibility etc of each coin then that's a good start.
    I would guess there is a fair chance of getting the Lunars and Kooks through at the lower VAT but less so the Koalas unless privy marked, colorised or artistically modified in some way. Unfortunately there are no guarantees and often the decision is at the discretion of the person reviewing your claim but the more information you can provide to differentiate from a boring mass produced coin the better. Good luck with your approach - I may have to do this again soon with some carded Kangaroos that are on their way from Australia.
  18. FriedrichVonHayek liked a post in a topic by sixgun in Customs Importation Codes   
    Having scanned the emails in the links the key comment from the authorities is

    • Complaint [Protective Marking: PROTECT]‏

    complaintsteamwales@hmce.gsi.gov.uk (complaintsteamwales@hmce.gsi.gov.uk)
    Add to contacts
    17/05/2013 

    To: (name removed)@hotmail.co.uk
    •  
    From: complaintsteamwales@hmce.gsi.gov.uk You moved this message to its current location.
    Sent: 17 May 2013 13:53:21
    To: (name removed)@hotmail.co.uk
    Dear Mr (name removed)

    To clarify my earlier e-mail regarding the VAT applicable on the import
    of coins from the Channel Islands or from outside the EU.

    Coins which are of numismatic interest are classed as collectors' items.
    Such items are classified within the harmonised system with commodity
    code 9705 00 00 00.
    The effective VAT applicable to these coins at import is 5%. 

    I would class coins as of numismatic interest where they are traded at a
    value greater than the face-value as legal tender with the price
    dependant on factors such as condition and year of manufacture amongst
    others things.

    Coins such the Britannia Silver Coin, Canadian Silver Maple Leaf and US
    Silver Eagle Coin recently imported by you are collectors' pieces and as
    such VAT at import would be 5%

    Apologies if this information was unclear in my earlier email

    Regards

    Ian
     
    This communication goes beyond the antique coin [more than 100 years old]
    Where a coin is traded for more than the legal tender face value, where value is dependant on condition, year of mintage, mintage and so on, this officer would classify it as numismatic. As a numismatic [collectible] the coins are 5% VAT.
    Clearly almost every coin is numismatic b/c the value exceeds the legal tender face value and it exceeds the value of the metal content. 
    When the spot price of silver is £13 and the face value of a Britannia is £2 but you paid £20, where does the extra value come from? This can only come from the collectibility of the coin itself. 
    Antique coins look to be on the firmest ground but virtually every coin should have 5% VAT on them.
  19. FriedrichVonHayek liked a post in a topic by Clens92 in Customs Importation Codes   
    So far as I am aware, the code remains valid.  Whether it is correctly applied is another matter entirely.
    I might take the matter up in the New Year and ask HMRC for more clarity, and a Binding Tariff Ruling.  It could be a very useful way of importing numismatic coins.
  20. FriedrichVonHayek liked a post in a topic by sovereignsteve in Customs Importation Codes   
    I actually tried to contact them a few years ago to clarify these codes. I may as well have tried asking my dog for all the clarity it provided.
  21. Numistacker liked a post in a topic by FriedrichVonHayek in Should I get the 1/4 proof gold Queens Beast?   
    Wait a few years until they start to turn up at auctions.
    Let the mugs who buy it first take the hit,buying the latest Proof coin from the Royal Mint is like buying a new car in that you are certain to lose money as soon as you buy it.
    Like most of the Mints in the world they produce low mintage,rare coins and limited editions every month and have done for donkey's years.
    You might hit lucky with one from time to time, then again you can also get lucky now and again buying scratch cards but you will never recoup your money.
    If you love the coin and you are not bothered about losing money then buy it,if you are concerned that you might lose money then I wouldn't bother.
  22. FriedrichVonHayek liked a post in a topic by Gizmo in Minorities Attempt to Ban New £5 Polymer Note   
    I find it ironic that people care so much about a small portion of animal fat being in the bills when what we (as humans) do the Earth in general could be labeled as "parasitic" by definition.Bugs are ground up(accidentally) in your chocolate bar during production, the keyboard your typing on was made in a process that put toxic chemicals into the air, and people have fought wars just to obtains the same resources that bring you the electricity needed to read this post.
    There will never be an organism on Earth that doesn't destroy something else in order to survive. The laws of physics demand it! It seems silly to be worked up about the composition of a dollar once you look at the grand scheme of things.
  23. vand liked a post in a topic by FriedrichVonHayek in Best Semi Numismatic Coins of 2016 for investment   
    The Perth Mint consistently produce top quality coins,some of the other well known mints should be embarrassed of the low quality milk-spotted garbage they produce.
    The Royal Canadian Mint seems to be a serial offender and I would never buy any of their products again.
  24. FriedrichVonHayek liked a post in a topic by BaldyBob in Minorities Attempt to Ban New £5 Polymer Note   
    Surely they can just decline them if offered in their change. Why do the 99% always have to suffer for the rest?
    I wonder if they will be so keen to stick to their principles once they see the ingredients of those life saving drugs they need.
     
  25. BaldyBob liked a post in a topic by FriedrichVonHayek in Minorities Attempt to Ban New £5 Polymer Note   
    Its just another case of virtue signalling and cry-bullying by a tiny minority of the population that are permanently outraged over things that don't really matter.
    These kind of unimportant issues that are blown out of proportion are the reason that people voted for Brexit and Donald Trump in the U.S.
    The silent majority are pig sick of this kind of nonsense.