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sixgun

Premium Member
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  • Country

    United Kingdom

Reputation Activity

  1. Like
    sixgun got a reaction from ShaolinStacker in 2017 perth mint dragon 2 oz silver coin error?   
    No it is a coin. It is a $2 coin and legal tender. 
  2. Like
    sixgun got a reaction from kimchi in 2017 perth mint dragon 2 oz silver coin error?   
    We can see both the obverse and reverse of the coin are off centre. This makes it a striking error. The whole design pretty much is there and these by my understanding are called broadstrike errors.
    The planchet was off centre when the coin was minted. I am not sure how others are defining mint errors, may be they restrict them to die errors only, whatever, this is a striking error at the mint and so it is a mint error.
    From my understanding the blank (planchet) is centred by a collar as the planchet is being struck. During this process the planchet is flattened and expands to meet the collar encircling it. As well as confining the planchet the collar may have a pattern on it to give a milled edge. Further details are on this webpage.
    https://www.australian-coins.com/error-coins/broadstrike-coin-errors/
    Very likely this coin will fetch a higher price.
  3. Like
    sixgun got a reaction from Scuzzle in UK, Leave the EU?   
    I realise that many here imagine I am a complete conspiracy wack job and I am b/c the world is full of conspiracies and this includes the EU.
    The EU is about dragging the more successful nations down, not lifting the less successful up. This is described in the UN Agenda 21/ Agenda 2030 - so called sustainable development. More wealth results in more consumption. The industries of the West are getting destroyed, now by high energy prices and Green regulation allegedly combatting global warming which does not exist. The ruling elite believe there are too many people consuming too much. So the goal is to get the population down and make everyone poor. Western indigenous Europeans are not producing enough children to replace their numbers.
    http://www.telegraph.co.uk/news/worldnews/11414064/How-Europe-is-slowly-dying-despite-an-increasing-world-population.html
    In 1901 HG Wells wrote a much acclaimed [by the elites] book Anticipations: Of the Reaction of Mechanical and Scientific Progress upon Human life and Thought, in this he stated that by 2000 it should be possible to poison the people to keep their numbers in check. This is being done. In the last 50 years Western men's sperm counts have fallen over 50%.  There is no sign this process is slowing down so many men will end up sterile. That is not a natural process - we are being poisoned as was planned back in 1901.
    https://www.nytimes.com/2017/08/16/health/male-sperm-count-problem.html
     
  4. Like
    sixgun got a reaction from kimchi in Goldsilver.be laughable company!!   
    I have already explained exactly what is happening when you buy something online but you are still a bit confused or have been confused by other comments.
    I will run through all the steps. This is what happens - I am in no doubt. This is according to contract law.
    The website is an advertisement. In contract law terms in is 'an invitation to treat', here invitation to treat means an invitation to 'behave towards or deal with in a certain way'.
    You see the coins they have and indicative prices. 
    You gather together the coins you are interested in. 
    The website organises prices for the coins but no-one has made an offer, these are still only advertisements. 
    This countdown, prices only valid for the next 5 minutes is just a sales pitch. It is just to hype you up to push the send button. 
    You submit an order. This is your OFFER. You start the process off, everything beforehand was a sales pitch. 
    You have said I will pay £XX for ABC coins.
    You may be taken to a webpage saying order confirmed, this is the ACCEPTANCE of your OFFER. An alternative is the email headed up 'GOLDSILVER.BE ORDER CONFIRMED'
    This is ACCEPTANCE of your order [OFFER]. There is now a contract.
    Under UK law you are not automatically entitled to a full invoice. If you request a full invoice the seller must send you one. This is covered by the Bills of Exchange Act 1882. This must included VAT, exactly what has been sold, addresses blah blah. This is a method how some people have  got rid of parking tickets but that is another post.
    Now on the day of your offer you say goldsilver.be told you there was a change in the order. If this came after you got the confirmation email they are welching on the deal, they are in breach of contract. If the change came before the confirmation email they have rejected your offer.
    Here is a webpage dealing with the process
    http://www.seqlegal.com/blog/offer-and-acceptance-online
  5. Like
    sixgun got a reaction from kimchi in Goldsilver.be laughable company!!   
    I have already explained exactly what is happening when you buy something online but you are still a bit confused or have been confused by other comments.
    I will run through all the steps. This is what happens - I am in no doubt. This is according to contract law.
    The website is an advertisement. In contract law terms in is 'an invitation to treat', here invitation to treat means an invitation to 'behave towards or deal with in a certain way'.
    You see the coins they have and indicative prices. 
    You gather together the coins you are interested in. 
    The website organises prices for the coins but no-one has made an offer, these are still only advertisements. 
    This countdown, prices only valid for the next 5 minutes is just a sales pitch. It is just to hype you up to push the send button. 
    You submit an order. This is your OFFER. You start the process off, everything beforehand was a sales pitch. 
    You have said I will pay £XX for ABC coins.
    You may be taken to a webpage saying order confirmed, this is the ACCEPTANCE of your OFFER. An alternative is the email headed up 'GOLDSILVER.BE ORDER CONFIRMED'
    This is ACCEPTANCE of your order [OFFER]. There is now a contract.
    Under UK law you are not automatically entitled to a full invoice. If you request a full invoice the seller must send you one. This is covered by the Bills of Exchange Act 1882. This must included VAT, exactly what has been sold, addresses blah blah. This is a method how some people have  got rid of parking tickets but that is another post.
    Now on the day of your offer you say goldsilver.be told you there was a change in the order. If this came after you got the confirmation email they are welching on the deal, they are in breach of contract. If the change came before the confirmation email they have rejected your offer.
    Here is a webpage dealing with the process
    http://www.seqlegal.com/blog/offer-and-acceptance-online
  6. Thanks
    sixgun got a reaction from JCRJM in Goldsilver.be laughable company!!   
    Sometimes the email with payment details takes a few hours. With some companies I have got the payment details email the next day. I have bought the coins, the price is fixed, the money is allocated. I sit and wait. 
    That the email with payment details took a few hours is not a reason to cancel. 
    From the series of emails you say the merchant altered the order on June 10th. You then contacted asking to cancel the order on June 11th.
    What was the alteration by the merchant on June 10th?
    This is how it goes:
    The site is 'an invitation to treat.' It is like tins of beans on a shelf in a supermarket with price labels on the tins.
    You make an offer to buy some of the coins. This is your offer. 
    The site responds with an acceptance of that offer but it seems they want to change something. This is not an acceptance of your offer. Legally your offer is now voided. The offeree either accepts the offer made or the offer is voided.
    The site by changing something is in fact making a counter offer. This voids your offer so there is no order to cancel. 
    You say you want to cancel the order. There is no order to cancel b/c the site did not accept your offer as they wanted to change something.
    You have not accepted their counter offer. There is no contract. 
    If you had made an offer and that offer had been accepted there is a contract. On the site it details the terms under which they will accept offers and so by making an offer these terms are included unless you explicitly exclude them. Some of these terms are Statutory conditions and so automatically part of transactions [contracts].
    There is a clause where goldsilver.be is entitled to compensation if you cancel an order [contract]. This is normal contract terms and conditions. If you are in breach of contract the other party is entitled to compensation. 
    You are however saved by the fact you say there was a change by the merchant. It all depends on what that change was as to whether it constitutes a counter offer.
  7. Thanks
    sixgun got a reaction from JCRJM in Goldsilver.be laughable company!!   
    Sometimes the email with payment details takes a few hours. With some companies I have got the payment details email the next day. I have bought the coins, the price is fixed, the money is allocated. I sit and wait. 
    That the email with payment details took a few hours is not a reason to cancel. 
    From the series of emails you say the merchant altered the order on June 10th. You then contacted asking to cancel the order on June 11th.
    What was the alteration by the merchant on June 10th?
    This is how it goes:
    The site is 'an invitation to treat.' It is like tins of beans on a shelf in a supermarket with price labels on the tins.
    You make an offer to buy some of the coins. This is your offer. 
    The site responds with an acceptance of that offer but it seems they want to change something. This is not an acceptance of your offer. Legally your offer is now voided. The offeree either accepts the offer made or the offer is voided.
    The site by changing something is in fact making a counter offer. This voids your offer so there is no order to cancel. 
    You say you want to cancel the order. There is no order to cancel b/c the site did not accept your offer as they wanted to change something.
    You have not accepted their counter offer. There is no contract. 
    If you had made an offer and that offer had been accepted there is a contract. On the site it details the terms under which they will accept offers and so by making an offer these terms are included unless you explicitly exclude them. Some of these terms are Statutory conditions and so automatically part of transactions [contracts].
    There is a clause where goldsilver.be is entitled to compensation if you cancel an order [contract]. This is normal contract terms and conditions. If you are in breach of contract the other party is entitled to compensation. 
    You are however saved by the fact you say there was a change by the merchant. It all depends on what that change was as to whether it constitutes a counter offer.
  8. Like
    sixgun got a reaction from jacksj1 in Goldsilver.be laughable company!!   
    That's right. 'Part of' Coininvest - separate for legal reasons.
  9. Thanks
    sixgun got a reaction from JCRJM in Goldsilver.be laughable company!!   
    You made an offer when you submitted your order to the site. Your order is your offer.
    The pictures and prices on the website are not an offer. They are what is called in contract law an invitation to treat. The site is inviting people to make offers. The prices are not legally fixed, you could make an offer to buy coins at a different price. Chances are the site will reject this offer but they might not.
    So you put in an order [offer] and they either accept it or reject it. They contact you to say they can't match your offer, something is different. They cannot accept an offer by doing this. They are rejecting your offer, they are entering negotiations and making a counter offer. You don't accept their counter offer. You walk away. End of story.
    It all depends on how they responded to your offer [order] but it sounds like they rejected your offer by offering to give you something different to what you ordered.
    As long as they did not intend to supply exactly the coins at the prices etc you ordered then they rejected your order and you are on solid ground.
     
  10. Thanks
    sixgun got a reaction from JCRJM in Goldsilver.be laughable company!!   
    Sometimes the email with payment details takes a few hours. With some companies I have got the payment details email the next day. I have bought the coins, the price is fixed, the money is allocated. I sit and wait. 
    That the email with payment details took a few hours is not a reason to cancel. 
    From the series of emails you say the merchant altered the order on June 10th. You then contacted asking to cancel the order on June 11th.
    What was the alteration by the merchant on June 10th?
    This is how it goes:
    The site is 'an invitation to treat.' It is like tins of beans on a shelf in a supermarket with price labels on the tins.
    You make an offer to buy some of the coins. This is your offer. 
    The site responds with an acceptance of that offer but it seems they want to change something. This is not an acceptance of your offer. Legally your offer is now voided. The offeree either accepts the offer made or the offer is voided.
    The site by changing something is in fact making a counter offer. This voids your offer so there is no order to cancel. 
    You say you want to cancel the order. There is no order to cancel b/c the site did not accept your offer as they wanted to change something.
    You have not accepted their counter offer. There is no contract. 
    If you had made an offer and that offer had been accepted there is a contract. On the site it details the terms under which they will accept offers and so by making an offer these terms are included unless you explicitly exclude them. Some of these terms are Statutory conditions and so automatically part of transactions [contracts].
    There is a clause where goldsilver.be is entitled to compensation if you cancel an order [contract]. This is normal contract terms and conditions. If you are in breach of contract the other party is entitled to compensation. 
    You are however saved by the fact you say there was a change by the merchant. It all depends on what that change was as to whether it constitutes a counter offer.
  11. Thanks
    sixgun got a reaction from JCRJM in Goldsilver.be laughable company!!   
    Sometimes the email with payment details takes a few hours. With some companies I have got the payment details email the next day. I have bought the coins, the price is fixed, the money is allocated. I sit and wait. 
    That the email with payment details took a few hours is not a reason to cancel. 
    From the series of emails you say the merchant altered the order on June 10th. You then contacted asking to cancel the order on June 11th.
    What was the alteration by the merchant on June 10th?
    This is how it goes:
    The site is 'an invitation to treat.' It is like tins of beans on a shelf in a supermarket with price labels on the tins.
    You make an offer to buy some of the coins. This is your offer. 
    The site responds with an acceptance of that offer but it seems they want to change something. This is not an acceptance of your offer. Legally your offer is now voided. The offeree either accepts the offer made or the offer is voided.
    The site by changing something is in fact making a counter offer. This voids your offer so there is no order to cancel. 
    You say you want to cancel the order. There is no order to cancel b/c the site did not accept your offer as they wanted to change something.
    You have not accepted their counter offer. There is no contract. 
    If you had made an offer and that offer had been accepted there is a contract. On the site it details the terms under which they will accept offers and so by making an offer these terms are included unless you explicitly exclude them. Some of these terms are Statutory conditions and so automatically part of transactions [contracts].
    There is a clause where goldsilver.be is entitled to compensation if you cancel an order [contract]. This is normal contract terms and conditions. If you are in breach of contract the other party is entitled to compensation. 
    You are however saved by the fact you say there was a change by the merchant. It all depends on what that change was as to whether it constitutes a counter offer.
  12. Like
    sixgun reacted to shortstack68 in 2017 perth mint dragon 2 oz silver coin error?   
    Uh huh......
  13. Like
    sixgun got a reaction from kimchi in 2017 perth mint dragon 2 oz silver coin error?   
    We can see both the obverse and reverse of the coin are off centre. This makes it a striking error. The whole design pretty much is there and these by my understanding are called broadstrike errors.
    The planchet was off centre when the coin was minted. I am not sure how others are defining mint errors, may be they restrict them to die errors only, whatever, this is a striking error at the mint and so it is a mint error.
    From my understanding the blank (planchet) is centred by a collar as the planchet is being struck. During this process the planchet is flattened and expands to meet the collar encircling it. As well as confining the planchet the collar may have a pattern on it to give a milled edge. Further details are on this webpage.
    https://www.australian-coins.com/error-coins/broadstrike-coin-errors/
    Very likely this coin will fetch a higher price.
  14. Like
    sixgun got a reaction from kimchi in 2017 perth mint dragon 2 oz silver coin error?   
    We can see both the obverse and reverse of the coin are off centre. This makes it a striking error. The whole design pretty much is there and these by my understanding are called broadstrike errors.
    The planchet was off centre when the coin was minted. I am not sure how others are defining mint errors, may be they restrict them to die errors only, whatever, this is a striking error at the mint and so it is a mint error.
    From my understanding the blank (planchet) is centred by a collar as the planchet is being struck. During this process the planchet is flattened and expands to meet the collar encircling it. As well as confining the planchet the collar may have a pattern on it to give a milled edge. Further details are on this webpage.
    https://www.australian-coins.com/error-coins/broadstrike-coin-errors/
    Very likely this coin will fetch a higher price.
  15. Like
    sixgun got a reaction from augur in Vat free 10oz QB's   
    Martin from silvertrader.uk very promptly replied to my email. It is clear from his posts he spent a lot of time and effort on this issue and was thwarted several times along the way. He says he is making preparations should Brexit occur. i don't know any more than that.
  16. Thanks
    sixgun got a reaction from augur in Vat free 10oz QB's   
    i have not chased all the legal code references but i understand how this works.
    Coins are imported into Germany from outside the EU. If a coin were imported from inside the EU the seller would apply the rate of VAT on silver coins applicable inside Germany, this is 19%.
    The coins are sold to the German dealer, VAT free from outside the EU. The silver coins pass through German customs and are charged 7% VAT. The German dealer has the option to reclaim the 7% VAT and then charge the going rate of VAT inside Germany which is 19% or not reclaim the 7% VAT which at the same time means there is no additional VAT charged on the coin, however there is VAT at 19% on the profit added onto the selling price of the coin by the dealer. i might argue that because the dealer swallows the import VAT, the dealer effectively becomes the end buyer of the coins and these coins are technically being sold second hand.
    Most dealers chose not to reclaim the 7% import VAT as this means the final selling price of the coins is lower and they are more competitive. The marginal rate scheme is where VAT is only applied to the mark up by the dealer.
    i have noticed that German coins bought in German are quite expensive. This explains this as these coins are likely not imported from outside the EU. i am aware that at least some of the low VAT dealers import coins from the US. That they buy non-US [and US] coins from the US. So for example Royal Mint coins are bought from the US [outside the EU] when it from a shipping cost point of view would probably be cheaper to import them directly from the Royal Mint in the UK. This is b/c these coins would arrive in their offices with 19% VAT instead of the German customs 7% VAT.
    UK dealers could do the same thing but there would be no advantage to it. If coins were imported from the US, HMRC i expect would charge 20% VAT as they went through customs. This is why it is not done b/c they do not have the advantage that customs charge a lower rate on coins imported from outside the EU.
    However we then get to the HMRC rule of 5% VAT on silver coins [collectors' pieces] of numismatic interest. i see silvertrade.uk made strenuous attempts to import coins at 5%. i do not know how this finally worked out. He seems to be making progress but then did not post anymore on the forum he was posting information on. He is a very small trader.  It would be interesting to invite him to post his experiences on the forum. If anyone knows him would they make that invitation? 
    Perhaps if the bigger dealers like Atkinsons, Chard and BullionbyPost banned together there might be real progress. Perhaps they have done this already but failed to make progress. This is why, on another thread, i asked questions of Lizzie from Chards about VAT and marginal rate scheme.This would be the way forward to getting the price of silver coins down in the UK if it worked it would actually make silver coins the cheapest in Europe outside Estonia. 
    ps - i sent Martin from silvertrader.uk a message through his website asking him if is interested to tell forum members about his experience with HMRC and the 5% VAT rate on silver collectors' pieces of numismatic interest.
  17. Like
    sixgun got a reaction from augur in Vat free 10oz QB's   
    Martin from silvertrader.uk very promptly replied to my email. It is clear from his posts he spent a lot of time and effort on this issue and was thwarted several times along the way. He says he is making preparations should Brexit occur. i don't know any more than that.
  18. Thanks
    sixgun got a reaction from augur in Vat free 10oz QB's   
    i have not chased all the legal code references but i understand how this works.
    Coins are imported into Germany from outside the EU. If a coin were imported from inside the EU the seller would apply the rate of VAT on silver coins applicable inside Germany, this is 19%.
    The coins are sold to the German dealer, VAT free from outside the EU. The silver coins pass through German customs and are charged 7% VAT. The German dealer has the option to reclaim the 7% VAT and then charge the going rate of VAT inside Germany which is 19% or not reclaim the 7% VAT which at the same time means there is no additional VAT charged on the coin, however there is VAT at 19% on the profit added onto the selling price of the coin by the dealer. i might argue that because the dealer swallows the import VAT, the dealer effectively becomes the end buyer of the coins and these coins are technically being sold second hand.
    Most dealers chose not to reclaim the 7% import VAT as this means the final selling price of the coins is lower and they are more competitive. The marginal rate scheme is where VAT is only applied to the mark up by the dealer.
    i have noticed that German coins bought in German are quite expensive. This explains this as these coins are likely not imported from outside the EU. i am aware that at least some of the low VAT dealers import coins from the US. That they buy non-US [and US] coins from the US. So for example Royal Mint coins are bought from the US [outside the EU] when it from a shipping cost point of view would probably be cheaper to import them directly from the Royal Mint in the UK. This is b/c these coins would arrive in their offices with 19% VAT instead of the German customs 7% VAT.
    UK dealers could do the same thing but there would be no advantage to it. If coins were imported from the US, HMRC i expect would charge 20% VAT as they went through customs. This is why it is not done b/c they do not have the advantage that customs charge a lower rate on coins imported from outside the EU.
    However we then get to the HMRC rule of 5% VAT on silver coins [collectors' pieces] of numismatic interest. i see silvertrade.uk made strenuous attempts to import coins at 5%. i do not know how this finally worked out. He seems to be making progress but then did not post anymore on the forum he was posting information on. He is a very small trader.  It would be interesting to invite him to post his experiences on the forum. If anyone knows him would they make that invitation? 
    Perhaps if the bigger dealers like Atkinsons, Chard and BullionbyPost banned together there might be real progress. Perhaps they have done this already but failed to make progress. This is why, on another thread, i asked questions of Lizzie from Chards about VAT and marginal rate scheme.This would be the way forward to getting the price of silver coins down in the UK if it worked it would actually make silver coins the cheapest in Europe outside Estonia. 
    ps - i sent Martin from silvertrader.uk a message through his website asking him if is interested to tell forum members about his experience with HMRC and the 5% VAT rate on silver collectors' pieces of numismatic interest.
  19. Like
    sixgun got a reaction from NumisNewbie in Cuban coins   
    Great stuff. Glad to have been able to lend a hand.
  20. Thanks
    sixgun got a reaction from NumisNewbie in Cuban coins   
    These were up for sale in the past - might still be some if you contact the seller.
     
  21. Like
    sixgun got a reaction from Clens92 in 1 Dollar Czech Lion Niue Islands 2017   
    Strange seeing a coin with the Queen's head on the obverse and Czech Republic on the reverse. 
  22. Like
    sixgun got a reaction from Tpbullion in Scottsdales 1oz Bu Ghana leopard mix up   
    £35 is a little bit high. i bought some from goldsilver.be and then some more from a forum member. i average a bit under £29 delivered but i didn't just buy one. 
    The coin is a nice looking one. This is very obvious from the photo of the graded MS70. No-one can rightly take that away from the coin which is always a plus.
    If the coin appreciates people will say it was a good buy and if it doesn't they will say it was a poor buy. It is not a bad buy, it is a good looking 1oz silver coin, it is a 5000 limited mintage and it has a story and part of that is the coin should never have been minted. This separates the coin from the vast majority. The kerfuffle about the coin is some people thought it would be selling for a lot more than it is, some people over estimated the market and bought more than they wished they had and perhaps paid more than they wish they had.  
    i do not see that prices are on the slide. They are holding up around the £30 - 35 mark. The excitement has settled. The last single coin sold for £30 on ebay. Multiples sold for more than £30 each. 
    So £30 is the price, whatever anyone else thinks it should be. i think the coin has promise for the reasons i list. IF a series appears .and the coins are also appealing then the price will go up. i got some b/c i like the coin and the price i paid worked out a little bit under the market price. If we get a series of these animal coins then the 100 cedis silver leopard will become a must coin for collectors of that series and there aren't that many and a fair few are in strong hands. 
  23. Like
    sixgun got a reaction from Tpbullion in Scottsdales 1oz Bu Ghana leopard mix up   
    £35 is a little bit high. i bought some from goldsilver.be and then some more from a forum member. i average a bit under £29 delivered but i didn't just buy one. 
    The coin is a nice looking one. This is very obvious from the photo of the graded MS70. No-one can rightly take that away from the coin which is always a plus.
    If the coin appreciates people will say it was a good buy and if it doesn't they will say it was a poor buy. It is not a bad buy, it is a good looking 1oz silver coin, it is a 5000 limited mintage and it has a story and part of that is the coin should never have been minted. This separates the coin from the vast majority. The kerfuffle about the coin is some people thought it would be selling for a lot more than it is, some people over estimated the market and bought more than they wished they had and perhaps paid more than they wish they had.  
    i do not see that prices are on the slide. They are holding up around the £30 - 35 mark. The excitement has settled. The last single coin sold for £30 on ebay. Multiples sold for more than £30 each. 
    So £30 is the price, whatever anyone else thinks it should be. i think the coin has promise for the reasons i list. IF a series appears .and the coins are also appealing then the price will go up. i got some b/c i like the coin and the price i paid worked out a little bit under the market price. If we get a series of these animal coins then the 100 cedis silver leopard will become a must coin for collectors of that series and there aren't that many and a fair few are in strong hands. 
  24. Haha
    sixgun got a reaction from daz in London Mint Office "sovereigns"   
    Because they are tat.
  25. Thanks
    sixgun got a reaction from whittington2308 in Vat free 10oz QB's   
     
     I can only think there are some programming errors in the websites Some coins are being dealt with on the marginal rate scheme whilst others are having full VAT slapped on them, there were silver Krugerrands with 0% VAT on aurinum.de. So it looks like people are being sloppy and there are errors in the websites. I think quite a few sites are a bit sloppy, so just buy at the best price and to hell with it.