Help, uk people... :D

[realbluegold]

I've found this....but I don't know anything about this coin.....

 

http://www.todocoleccion.net/moneda-oro-one-crown-1980-reina-elizabeth-isle-of-man-peso-5-gramos~x44630176

 

It's a good deal?

[mr-dead]

9ct gold.

 

fine weight 1.875g

 

melt value : £46.78 or 58.89 euro.

 

Not sure of numismatic value

[HelpingHands]

It doesn't look in very good condition.

[motorbikez]

It is not a very collectable coin and is only worth melt value. Pobjoy is one of those companies like Westminster who sell highly inflated priced so called collectable  coins to the general public, who know nothing about numi coins.Don't waste your money RBG

[motorbikez]

Thank you.. I'm one of those 'general public'

 

No you are a proper stacker/collector

[Kman]

Just on the topic..

 

Are the isle of man sovereigns CGT free? 

[HelpingHands]

Nope.

[Kman]

Nope.

 

Oh hmm

 

http://atkinsonsbullion.com/gold-coins/iom-half-sovereign

 

Atkinson has listed a half one as CGT free 

[HighlandTiger]

Oh hmm

 

http://atkinsonsbullion.com/gold-coins/iom-half-sovereign

 

Atkinson has listed a half one as CGT free 

There might be a loophole here. Isle of man currency is in Sterling.

 

The regs on CGT state the following

 

 

CG12602 - Exemptions: currency in sterling, certain chattels, betting winnings TCGA92/S21 (1)(b )

Currency in sterling is not an asset for capital gains purposes. It is the unit by reference to which capital gains are measured.

 

Therefore  I'm assuming any coins in sterling, be it BOE or Scottish, Irish, Channel Islands IOM etc, would be CGT free. 

[HelpingHands]

IOM isn't sterling.

[Kman]

Hmm conflicting

 

If you look here on CGT free coins on bullionbypost and ctrl+f "isle" 

 

http://www.bullionbypost.co.uk/capital-gains-tax-free-gold-coins/

 

It has an Isle of man half sov listed

[HelpingHands]

When you click through to the coin it doesn't though.

Someone email bbp to find out.

I hope I'm wrong obviously.

[HighlandTiger]

IOM isn't sterling.

 

Actually in a way it is. But it is a very grey area, along with the channel islands.

 

http://en.wikipedia.org/wiki/Banknotes_of_the_pound_sterling#Isle_of_Man

 

Isle of Man[edit]

Main article: Manx pound

The Isle of Man Government issues its own banknotes and coinage, which are legal tender on the Isle of Man. Manx pounds are a local issue of the pound sterling. These pounds are sterling but the word "sterling" is omitted on banknotes. 

[HelpingHands]

That doesn't sit right with me as they don't have equal value held at the BofE to back their notes. I don't know, but when you find out for sure if they are CGT free I'll give you a thumbs up.

[HighlandTiger]

That doesn't sit right with me as they don't have equal value held at the BofE to back their notes. I don't know, but when you find out for sure if they are CGT free I'll give you a thumbs up.

 

Just found this, still doesn't make it unequivocally clear, but it does back up what I thought.

 

http://www.pentasia.com/candidate-advice/jurisdiction/isleofman.htm

 

 

Currency

While the Isle of Man produces its own notes and coins, the Monetary Unit of the island is actually UK Sterling. Sterling Currency Notes issued by the Bank of England are therefore legal tender and in circulation on the Island alongside the local note issues.

[HelpingHands]

Well I may have lost the sterling battle but we are yet the know the result of the CGT free war.