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Everything posted by Martlet

  1. The funny thing is, most of the genuinely good purposes of blockchain technology don't need their own token to implement. They could simply have a free blockchain with any service payments through an existing currency. ICO have become fundraising to pay for development teams and marketing, possibly payback to early round venture funding. We're had another market wide bounce. Look at Coin market cap, you'll see vast majority of graphs hit a point and bounce in unison, which doesn't make rational sense. Whole market is being driven by speculative bot trading, we're just along for the ride.
  2. Eldorado

    Shopping around for silver traders, i've found the trader Eldorado.de which notably only charges €5.90 for delivery to UK (so they say). Anyone have experiences of them?
  3. People are free to speak their minds, we dont like people to make a point of coming into the country to stir up hatred. Well aware of the various clerics that do so, they tend to try to come in under the radar. Pettibone I think it was, released a letter from the Home office full of grammar and other writing errors that calls into question whether they were even banned and didn't just claim to be for the publicity.
  4. Sovereign Rings

    Chap I knew had tool box secured with some brackets for this purpose. With more lump hammers than i thought necessary.
  5. Sovereign Rings

    You have to bear in mind that once a upon a time a Sov wasn't quite as expensive. The idea was to buy some gold jewellery in good times to sell or pawn when work wasn't so available. Basically stackers who wore their horde oh, and a half sov looks pretty small on manly labourers hands. Thats for the ladies, noticed hairdresser wearing one the other day. (sorry Junkbond)
  6. Hungary repatriates 100,000 ounces of gold stored in London

    Or semantics (couldnt resist)
  7. Valuation of coin collection

    Until you sell it, you dont need to do any valuation. Same as any other asset. When you do sell, you evaluate the cost price and sale price, if along with any other asset sales the profit is over the CGT threshold (about £11k), you report it and pay CGT, otherwise do nothing. (check that last detail with accountant, maybe some circumstances you still need to report even if no CGT to pay)
  8. Hungary repatriates 100,000 ounces of gold stored in London

    This applies to anyone born in Germany or those born elsewhere wanting to claim German citizenship? I realised a long time ago that concept of nationality and citizenship differ from country to country, something that been highlighted in our little Brexit debacle. Some significant problems stem from us having different concepts to other nations but applying their rules to our system.
  9. I read that Trump has badly misjudged this, because the US is forced to import high quality steels as they have not invested in plant to produce them. The stuff they produce is competing with various other nations, which have mostly built up their own production if they have local demand. US products requiring higher grade will bear the cost of the tariffs, and as they are more likely exported goods, now become expensive compared to competitors. As noted, the wider US economy will effectively subsidise a dying industry. Plus ca change.
  10. Hungary repatriates 100,000 ounces of gold stored in London

    Thank you and @sixgun for the response. On the point about serial numbers and the original gold, I dont see this matters as gold is fungible. I understand the potential implications, was/is there any agreement that gold owned (in this quantity) is tied to specific bars rather than simply weight? I recall the story about the tungsten filled bars and re-read an article about that, highlighting gold circulates, bars are expected to be brought and sold, melted for use, recast to size or spec. I suppose sovereign hordes wouldn't be expected to enter this side of the market. How much is heresay vs actual issues?
  11. Hungary repatriates 100,000 ounces of gold stored in London

    A question for the "gold is gone" theory: where is it then?
  12. Queen's Beasts series. Has the capsule changed?

    Come in capsules? You lucky thing, all mine have came without (or is this what you pay Royal Mint Premium for?)
  13. I sceptical about the rounding down occurring. If that does happen, then its probably no big deal. I wonder if the issue of them is not direct cost of production but having to re-mint because so many fall out of circulation.

    More likely to avoid searches, scans etc either official or unofficial. Good point about what the cover is, we do sort of take it on face that there is insurance.
  15. Would go to the doctor. I gather its pretty easy to skip jury service if you have a good reason (illness, care or work commitments). Many want to do it so they move along to the next in the list.
  16. Gold and Silver first initial order

    The premium on 1/20th gold coins make them for collectors imo. Look at the Queen's Beasts as well as Britannias, they tick the government minted box, are cheap new, a have some future collectable premium. And buy what you like, aesthetics is one of the advantages of silver over other assets.

    Not sure a sticker changes its contents or insurance status, its either covered as precious metals/coins or its not?
  18. 1888 Crown Wide date

    I was watching others by the seller. What was special about this coin? They had two others listed looked about same condition to my inexperienced eye, went for about £40-45. I thought someone had a fat finger at first, then saw multiple bidders.
  19. Vintage Silver

    Very nice! Fortunatly i like the look of a worn coin, the history etc, so hopefully will be able to find items I like for reasonable prices. The numbers for some are
  20. Vintage Silver

    Oh dear, bought a Florin on a whim and fancy I might collect some other vintage silver pieces. Can anyone point me to good web resources for price and examples of condition? Found http://british-coin-price-guide.homelinux.com which looks comprehensive, is it vaguely accurate?
  21. 10p Coins

    I think early, high premium buyers are going to get burnt on these.
  22. Vintage Silver

    It was a pair actually, Edward VII and George V for £16. Started out looking at Crowns for the St George design, then looking at Edward VII florin for a while as i really like the design. When in hand the George V is quite nice too... so now im looking at half crowns and shillings and all sorts. Its a slippery slope, at least its cheaper than getting into Sovs.
  23. sharps pixley

    Are the in shop prices cheaper on account of not paying for postage?
  24. Brexit.

    Whats the reason for this believe though? Seems based on fear rather than anything substantive, certainly the industrial use argument applied to silver does not apply to gold, which is why we end up with it removed from VAT in the first place. As i understand it, VAT was originally introduced on gold coin to prevent some fairly long winded VAT fraud, due to gold bullion being included in VAT in the EEC VAT regulations. If we simply maintain all bullion are an investment, the reason for which it was removed from VAT, then there's no reason to reapply VAT. I gather sovereigns were never VAT rated, maybe an older member can clarify that? End of the day, VAT rules are directed by EU currently and once we leave they will be open to change. The current mood if for less tax (at least on import) and to control our policy, so government would want to be seen to be improving not applying new taxes. As for the Coinage Cat superseding VAT, I would agree that it should, however the current evidence is otherwise. Possibly because VAT law comes later in 1994 and HMRC carries a bigger stick than Royal Mint. It may take deep pockets to challenge it fully.
  25. Brexit.

    Hmmm, the law doesn't say something different though, as shown in the link you posted, the VAT law says it should apply to silver. It's in conflict with another law, which is another matter. Someone would need to challenge it in court to decide which has precedence, until then the HMRC will continue to apply apply EU VAT regulations. On leaving the EU, it will be an opportunity to review this, we should probably lobby MPs to look at this as a quick win to show leaving the EU means taking control of our own law.