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Pete

Silver Premium Member
  • Posts

    5,016
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  • Days Won

    2
  • Trading Feedback

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  • Country

    United Kingdom

Reputation Activity

  1. Super Like
    Pete got a reaction from katyc in Monster Box Silver 2022 Brits sealed   
    Your minimum price target should be spot + 20% ( to include VAT paid ) so £590 per tube of 25.
    A dealer will only give you spot and most a bit less so this isn't a good route for you.
    I would never take a chance on SD shipping goods substantially above their insurance limit.
    You may find in the small print that doing so invalidates any insurance.
    Selling at £590 should attract lots of buyers on this site and hopefully they will move fairly quickly.
    Unfortunately as you are in a rush to sell all your silver then you will need to take the hit on price.
    If you can hold out longer then ask for higher prices.
  2. Like
    Pete got a reaction from Lyrinn in Has the secondary silver market hit the market saturation point.   
    Silver is a commodity and priced like any other commodity, including coffee and orange juice, according to global demand.
    Like the UK CO2 emissions effect on the planet, we stackers will not influence the price of silver even if a monster box is up for sale.
    Only the big boys exchanging paper contracts in the thousands of tonnes make a difference on bullion spot prices.
    Currently silver is taking a back seat.
    What is interesting though were the American "experts" ( hah hah ... ), a few years ago, with their daily metals videos on Youtube hard selling silver.
    Silver was being forecasted to over $100 per ounce - so get it while you can - before China and India take the lot and the mines cannot fill the orders.
    Platinum is another example.
    Not so long ago ( in investment terms ) Platinum was priced higher than gold i.e. it was more precious and definitely rarer and more expensive to mine.
    Why therefore is it less than half the price of gold ?
    Could it possibly be that gold is overpriced and will face a massive correction at some stage ?
    Gone are the days of buying a silver coin from the EU at £13 then flipping it in the UK for £25 but whatever you hold hopefully should retain value unlike fiat due to inflation.
    With the unavoidable VAT on silver ( and platinum ) in the UK you definitely lose 20% immediately selling back to any dealers - unlike gold.
    Importing silver into the UK is subject to VAT also unless transporting in person within your allowance.
     
  3. Super Thanks
    Pete got a reaction from Aldebaran in Has the secondary silver market hit the market saturation point.   
    Silver is a commodity and priced like any other commodity, including coffee and orange juice, according to global demand.
    Like the UK CO2 emissions effect on the planet, we stackers will not influence the price of silver even if a monster box is up for sale.
    Only the big boys exchanging paper contracts in the thousands of tonnes make a difference on bullion spot prices.
    Currently silver is taking a back seat.
    What is interesting though were the American "experts" ( hah hah ... ), a few years ago, with their daily metals videos on Youtube hard selling silver.
    Silver was being forecasted to over $100 per ounce - so get it while you can - before China and India take the lot and the mines cannot fill the orders.
    Platinum is another example.
    Not so long ago ( in investment terms ) Platinum was priced higher than gold i.e. it was more precious and definitely rarer and more expensive to mine.
    Why therefore is it less than half the price of gold ?
    Could it possibly be that gold is overpriced and will face a massive correction at some stage ?
    Gone are the days of buying a silver coin from the EU at £13 then flipping it in the UK for £25 but whatever you hold hopefully should retain value unlike fiat due to inflation.
    With the unavoidable VAT on silver ( and platinum ) in the UK you definitely lose 20% immediately selling back to any dealers - unlike gold.
    Importing silver into the UK is subject to VAT also unless transporting in person within your allowance.
     
  4. Super Like
    Pete got a reaction from stefffana in Has the secondary silver market hit the market saturation point.   
    Silver is a commodity and priced like any other commodity, including coffee and orange juice, according to global demand.
    Like the UK CO2 emissions effect on the planet, we stackers will not influence the price of silver even if a monster box is up for sale.
    Only the big boys exchanging paper contracts in the thousands of tonnes make a difference on bullion spot prices.
    Currently silver is taking a back seat.
    What is interesting though were the American "experts" ( hah hah ... ), a few years ago, with their daily metals videos on Youtube hard selling silver.
    Silver was being forecasted to over $100 per ounce - so get it while you can - before China and India take the lot and the mines cannot fill the orders.
    Platinum is another example.
    Not so long ago ( in investment terms ) Platinum was priced higher than gold i.e. it was more precious and definitely rarer and more expensive to mine.
    Why therefore is it less than half the price of gold ?
    Could it possibly be that gold is overpriced and will face a massive correction at some stage ?
    Gone are the days of buying a silver coin from the EU at £13 then flipping it in the UK for £25 but whatever you hold hopefully should retain value unlike fiat due to inflation.
    With the unavoidable VAT on silver ( and platinum ) in the UK you definitely lose 20% immediately selling back to any dealers - unlike gold.
    Importing silver into the UK is subject to VAT also unless transporting in person within your allowance.
     
  5. Like
    Pete got a reaction from treetop1280 in Has the secondary silver market hit the market saturation point.   
    Silver is a commodity and priced like any other commodity, including coffee and orange juice, according to global demand.
    Like the UK CO2 emissions effect on the planet, we stackers will not influence the price of silver even if a monster box is up for sale.
    Only the big boys exchanging paper contracts in the thousands of tonnes make a difference on bullion spot prices.
    Currently silver is taking a back seat.
    What is interesting though were the American "experts" ( hah hah ... ), a few years ago, with their daily metals videos on Youtube hard selling silver.
    Silver was being forecasted to over $100 per ounce - so get it while you can - before China and India take the lot and the mines cannot fill the orders.
    Platinum is another example.
    Not so long ago ( in investment terms ) Platinum was priced higher than gold i.e. it was more precious and definitely rarer and more expensive to mine.
    Why therefore is it less than half the price of gold ?
    Could it possibly be that gold is overpriced and will face a massive correction at some stage ?
    Gone are the days of buying a silver coin from the EU at £13 then flipping it in the UK for £25 but whatever you hold hopefully should retain value unlike fiat due to inflation.
    With the unavoidable VAT on silver ( and platinum ) in the UK you definitely lose 20% immediately selling back to any dealers - unlike gold.
    Importing silver into the UK is subject to VAT also unless transporting in person within your allowance.
     
  6. Super Like
    Pete got a reaction from Fenlander1 in Has the secondary silver market hit the market saturation point.   
    Silver is a commodity and priced like any other commodity, including coffee and orange juice, according to global demand.
    Like the UK CO2 emissions effect on the planet, we stackers will not influence the price of silver even if a monster box is up for sale.
    Only the big boys exchanging paper contracts in the thousands of tonnes make a difference on bullion spot prices.
    Currently silver is taking a back seat.
    What is interesting though were the American "experts" ( hah hah ... ), a few years ago, with their daily metals videos on Youtube hard selling silver.
    Silver was being forecasted to over $100 per ounce - so get it while you can - before China and India take the lot and the mines cannot fill the orders.
    Platinum is another example.
    Not so long ago ( in investment terms ) Platinum was priced higher than gold i.e. it was more precious and definitely rarer and more expensive to mine.
    Why therefore is it less than half the price of gold ?
    Could it possibly be that gold is overpriced and will face a massive correction at some stage ?
    Gone are the days of buying a silver coin from the EU at £13 then flipping it in the UK for £25 but whatever you hold hopefully should retain value unlike fiat due to inflation.
    With the unavoidable VAT on silver ( and platinum ) in the UK you definitely lose 20% immediately selling back to any dealers - unlike gold.
    Importing silver into the UK is subject to VAT also unless transporting in person within your allowance.
     
  7. Super Like
    Pete got a reaction from stefffana in Different thickness silver Britainnias?   
    Since silver has a fixed well specified density and the weight of 1 Troy ounce is precise, mathematically this means the volume is also fixed.
    Coins are stamped from blanks rolled into sheets of specified thickness so the only explanation is variable rim thickness.
    Maybe too much pressure during stamping squeezes a tiny bit of silver to the rim which then protrudes slightly.
    Measuring centre thickness of coins using a micrometer is tricky due to surface cameo but you might detect a difference.
    I've seen quite pronounced rims on some coins and also seen rims with a thin shard that peels off like swarf.
    I wouldn't associate this to a specific year but specific batches.
     
  8. Like
    Pete got a reaction from Silverman2U in Different thickness silver Britainnias?   
    Since silver has a fixed well specified density and the weight of 1 Troy ounce is precise, mathematically this means the volume is also fixed.
    Coins are stamped from blanks rolled into sheets of specified thickness so the only explanation is variable rim thickness.
    Maybe too much pressure during stamping squeezes a tiny bit of silver to the rim which then protrudes slightly.
    Measuring centre thickness of coins using a micrometer is tricky due to surface cameo but you might detect a difference.
    I've seen quite pronounced rims on some coins and also seen rims with a thin shard that peels off like swarf.
    I wouldn't associate this to a specific year but specific batches.
     
  9. Super Like
    Pete got a reaction from AOB in Monster Box Silver 2022 Brits sealed   
    Your minimum price target should be spot + 20% ( to include VAT paid ) so £590 per tube of 25.
    A dealer will only give you spot and most a bit less so this isn't a good route for you.
    I would never take a chance on SD shipping goods substantially above their insurance limit.
    You may find in the small print that doing so invalidates any insurance.
    Selling at £590 should attract lots of buyers on this site and hopefully they will move fairly quickly.
    Unfortunately as you are in a rush to sell all your silver then you will need to take the hit on price.
    If you can hold out longer then ask for higher prices.
  10. Super Like
    Pete got a reaction from Fenlander1 in Monster Box Silver 2022 Brits sealed   
    Your minimum price target should be spot + 20% ( to include VAT paid ) so £590 per tube of 25.
    A dealer will only give you spot and most a bit less so this isn't a good route for you.
    I would never take a chance on SD shipping goods substantially above their insurance limit.
    You may find in the small print that doing so invalidates any insurance.
    Selling at £590 should attract lots of buyers on this site and hopefully they will move fairly quickly.
    Unfortunately as you are in a rush to sell all your silver then you will need to take the hit on price.
    If you can hold out longer then ask for higher prices.
  11. Super Like
    Pete got a reaction from James32 in Monster Box Silver 2022 Brits sealed   
    Your minimum price target should be spot + 20% ( to include VAT paid ) so £590 per tube of 25.
    A dealer will only give you spot and most a bit less so this isn't a good route for you.
    I would never take a chance on SD shipping goods substantially above their insurance limit.
    You may find in the small print that doing so invalidates any insurance.
    Selling at £590 should attract lots of buyers on this site and hopefully they will move fairly quickly.
    Unfortunately as you are in a rush to sell all your silver then you will need to take the hit on price.
    If you can hold out longer then ask for higher prices.
  12. Thanks
    Pete got a reaction from Muncle in Different thickness silver Britainnias?   
    Since silver has a fixed well specified density and the weight of 1 Troy ounce is precise, mathematically this means the volume is also fixed.
    Coins are stamped from blanks rolled into sheets of specified thickness so the only explanation is variable rim thickness.
    Maybe too much pressure during stamping squeezes a tiny bit of silver to the rim which then protrudes slightly.
    Measuring centre thickness of coins using a micrometer is tricky due to surface cameo but you might detect a difference.
    I've seen quite pronounced rims on some coins and also seen rims with a thin shard that peels off like swarf.
    I wouldn't associate this to a specific year but specific batches.
     
  13. Thanks
    Pete got a reaction from Arian2020 in Different thickness silver Britainnias?   
    Since silver has a fixed well specified density and the weight of 1 Troy ounce is precise, mathematically this means the volume is also fixed.
    Coins are stamped from blanks rolled into sheets of specified thickness so the only explanation is variable rim thickness.
    Maybe too much pressure during stamping squeezes a tiny bit of silver to the rim which then protrudes slightly.
    Measuring centre thickness of coins using a micrometer is tricky due to surface cameo but you might detect a difference.
    I've seen quite pronounced rims on some coins and also seen rims with a thin shard that peels off like swarf.
    I wouldn't associate this to a specific year but specific batches.
     
  14. Like
    Pete got a reaction from SilverDrum in Full set of Queens Beasts 2oz with 2 Completers   
    So true.
    Great for buyers, less so for sellers.
    Silver ( and platinum) compared to gold are crazy, so add if you can but is gold likely to see a big correction ?
    Maybe with geopolitical sh!t, wars etc. gold will continue to rise but I don't understand why the other PMs don't follow.
  15. Like
    Pete got a reaction from Tn21 in SILVER DEALS - (UK & Europe) See a deal, post it here   
    The Royal Mint really screwed many of us avid stackers when they announced the new £20, £50 and £100 "legal tender silver coins " before instructing the banks not to accept them. Yes they are half ounce in silver but the £20 value is stamped on the coin whereas the 1 ounce Britannia is stamped £2. The only time I believe, today, you can use the higher value coins is paying a court fine. I wonder if the Inland Revenue accepts them for paying a tax bill ? At the time it cost £20 for a £20 legal tender coin so why wouldn't anyone not wish to buy these.
  16. Like
    Pete got a reaction from MBTPSilver in Customs Duties from US   
    You are allowed £390 ( but please check this figure as I am merely repeating your number ) in purchases and gifts before having to declare anything.
    Provided your stash is not above this you can walk through the green channel.
    I strongly recommend you keep a purchase invoice as proof in case you are stopped.
    Anything above this value would incur VAT at 20% but there is no duty on PMs.
  17. Super Like
    Pete got a reaction from James32 in How to price a coins value?   
    In my experience this site ( TSF ) is possibly the best site for buyers looking for a bargain.
    However this also means sellers may not achieve the highest prices.
    There are a lot of experienced stackers and collectors on TSF with years of trading experience and knowledge.
    If a seller wants to sell quickly without fees and with minimal ( zero to established members with 100% trading feedback ) risk then use the forum.
    Provided prices are set appropriately sales can often happen within minutes of posting.
    Selling on eBay is likely to get you a higher price - but not always as kind of hit & miss - but work out fees and factor risk to see if any gain is worth it. 
    You can at least change your mind and price when listing on the forum and seek the opinions of others, many happy to help.

     
  18. Like
    Pete got a reaction from SilverDrum in How to price a coins value?   
    You can purchase the 2013 Brit for around €33 in Germany from several dealers so this would translate to about £34 including VAT etc in the UK.
    Selling on this forum I would suggest trying £30 plus delivery but unless someone is seeking this specific coin you might not achieve this price.
  19. Like
    Pete got a reaction from FriedrichVonHayek in Help needed please - pricing on silver coins   
    Others may argue but once upon a time I believed silver proofs and proof sets would hold their premium.
    Some highly sought after coins and sets just might, but when I noticed some of my stunning mirror finished proofs picked up the odd milk spot it was time to get rid.
    I ended up dumping a lot of stunning proofs for little above regular bullion.
    Worse were my certified Canadian Winter Olympics coins and boxed sets that barely broke spot.
    I succeeded in obtaining better prices for boxed proof American Eagles but what you get depends entirely on who is buying at the time.
    Prices can fluctuate widely so it's either take a chance and get rid or be very patient.
    I nowadays avoid all proofs, priced with hefty premiums, both gold and silver even when they do look super with sharp features and great cameos.
  20. Super Thanks
    Pete got a reaction from HonestMoneyGoldSilver in Help needed please - pricing on silver coins   
    Others may argue but once upon a time I believed silver proofs and proof sets would hold their premium.
    Some highly sought after coins and sets just might, but when I noticed some of my stunning mirror finished proofs picked up the odd milk spot it was time to get rid.
    I ended up dumping a lot of stunning proofs for little above regular bullion.
    Worse were my certified Canadian Winter Olympics coins and boxed sets that barely broke spot.
    I succeeded in obtaining better prices for boxed proof American Eagles but what you get depends entirely on who is buying at the time.
    Prices can fluctuate widely so it's either take a chance and get rid or be very patient.
    I nowadays avoid all proofs, priced with hefty premiums, both gold and silver even when they do look super with sharp features and great cameos.
  21. Like
    Pete got a reaction from MikeG1978 in Help needed please - pricing on silver coins   
    Others may argue but once upon a time I believed silver proofs and proof sets would hold their premium.
    Some highly sought after coins and sets just might, but when I noticed some of my stunning mirror finished proofs picked up the odd milk spot it was time to get rid.
    I ended up dumping a lot of stunning proofs for little above regular bullion.
    Worse were my certified Canadian Winter Olympics coins and boxed sets that barely broke spot.
    I succeeded in obtaining better prices for boxed proof American Eagles but what you get depends entirely on who is buying at the time.
    Prices can fluctuate widely so it's either take a chance and get rid or be very patient.
    I nowadays avoid all proofs, priced with hefty premiums, both gold and silver even when they do look super with sharp features and great cameos.
  22. Sad
    Pete got a reaction from SovereignBull in Help needed please - pricing on silver coins   
    Others may argue but once upon a time I believed silver proofs and proof sets would hold their premium.
    Some highly sought after coins and sets just might, but when I noticed some of my stunning mirror finished proofs picked up the odd milk spot it was time to get rid.
    I ended up dumping a lot of stunning proofs for little above regular bullion.
    Worse were my certified Canadian Winter Olympics coins and boxed sets that barely broke spot.
    I succeeded in obtaining better prices for boxed proof American Eagles but what you get depends entirely on who is buying at the time.
    Prices can fluctuate widely so it's either take a chance and get rid or be very patient.
    I nowadays avoid all proofs, priced with hefty premiums, both gold and silver even when they do look super with sharp features and great cameos.
  23. Super Like
    Pete got a reaction from stefffana in 2019 Pig Privy Mark Britannia.   
    I too would like to acquire this coin but only at a fair price.
    The only supplier was in the USA and I regret not buying when the price was around $45 which at the time seemed rather expensive.
    A USA pension fund ( or similar ) bought the entire production but there is a regular seller on eBay from the Channel Isles that drips them out at a ridiculously high price.
    Another hard to find privy was the dog and some were selling ( even on this forum ) at around £100 before another tranche hit the dealers like Bullion by Post who priced at approx £35 each. Maybe the pig will turn up like the dog but I am not holding my breath.

     
  24. Like
    Pete got a reaction from HonestMoneyGoldSilver in 2019 Pig Privy Mark Britannia.   
    I too would like to acquire this coin but only at a fair price.
    The only supplier was in the USA and I regret not buying when the price was around $45 which at the time seemed rather expensive.
    A USA pension fund ( or similar ) bought the entire production but there is a regular seller on eBay from the Channel Isles that drips them out at a ridiculously high price.
    Another hard to find privy was the dog and some were selling ( even on this forum ) at around £100 before another tranche hit the dealers like Bullion by Post who priced at approx £35 each. Maybe the pig will turn up like the dog but I am not holding my breath.

     
  25. Super Like
    Pete got a reaction from HonestMoneyGoldSilver in Sold all my gold, got stung   
    There are risks with all investments and plenty of warnings.
    When things are running smoothly and your portfolio is rising you can become smug, but without warning, something crashes knocking out all or most of your gains.
    You must DIVERSIFY and spread your wealth into several different products.
    Never place all your investments into the same basket as at some point you may be hit with a disaster that was not predicted.
    There are few experts that get it right all the time so stick to well known products whilst checking fees which can have a big negative affect over time.
    If you are a stacker then the general advice is not to have more than 20% of your total assets in PMs.
    PMs are in the commodity class meaning high risk.
    Everyone knows that high risk also translates to potentially high gains but also potentially high losses.
    Another tip is never find yourself HAVING to sell.
    PMs will fluctuate and you need to ensure you have cash or other funds in case you have the unexpected need for money.
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