apmex

[lightjaw]

I could be wrong, but i thought that apmex used to have a minimum order value for international sales at $500? It seems to be $250 now. Apologies if this is old news.

[KevinG]

It used to be $1500. 

[lightjaw]

http://www.apmex.com/international   it now says £250 for credit card payments is the minimum order. Does that include debit cards? Either way i can see myself buying some stuff soonish....    

[HelpingHands]

What are you thinking of getting that will make the import tax worthwhile?

[lightjaw]

What are you thinking of getting that will make the import tax worthwhile?

 

Something i dont have that i like the look of and are hard to find in the UK. I dont pay any attention to cost per oz, it doesnt really interest me. I just fancy something a bit rare.

 

or as rare as my budget allows

[HawkHybrid]

$50+ delivery so you need to buy more than others to

make it worthwhile.

 

HH

[Pete]

Last time I ordered from Apmex the minimum order was over $1000 AND they did not accept credit cards unless they were issued by a USA bank so they clearly don't trust us Brits or want our business. Once the shipment arrived and I paid Fedex their fees and VAT it worked out marginally less than had I bought from Atkinsons ( but the coins I wanted were not all available }. If buying stuff available from STG or Atkinsons it isn't worth it in my experience.

[StackemHigh]

Maybe if someone put together a group buy I could see the value in ordering from the states!

[Silvercoins]

Something i dont have that i like the look of and are hard to find in the UK. I dont pay any attention to cost per oz, it doesnt really interest me. I just fancy something a bit rare.

 

or as rare as my budget allows

Is it just single silver rounds / coins you look for at APMEX. If it is, maybe i can assist you if i have the rounds/coins you seek.

[MikeOxlong]

What sort of fee's does one pay on order from USA sites?

[Silvercoins]

The less you order the more the shipping is pr. coin.

[morezone]

What sort of fee's does one pay on order from USA sites?

 

Custom clearance fee for Fedex for a personal import is 2.5% of the VAT & Duty payable.  Not sure if they have a minimum or maximum cap.

VAT on silver is 20%.  Duty is not chargeable on silver but may be chargeable on other items if imported at the same time.  

[collector301]

What  is the duty on Gold imported  and other fees via Apmex  from the USA.  Apmex couldn't tell me when I asked them a while back.

[morezone]

What  is the duty on Gold imported  and other fees via Apmex  from the USA.  Apmex couldn't tell me when I asked them a while back.

 

Duty and VAT on gold is nil as long as the correct commodity codes are used during clearance but don't bank on it.  Worst case you will have to raise a dispute with HMRC and claim back monies paid.  Never done it but probably quite a bit of hassle.  

 

I wouldn't mix gold and silver unless you are confident that Apmex and Fedex will use the correct commodity codes or if you're happy sorting out any issues yourself.

 

As above, Fedex fee is 2.5% of any Duty and VAT payable.

[richo]

On 25 May 2015 at 11:35, morezone said:

 

Duty and VAT on gold is nil as long as the correct commodity codes are used during clearance but don't bank on it.  Worst case you will have to raise a dispute with HMRC and claim back monies paid.  Never done it but probably quite a bit of hassle.  

 

I wouldn't mix gold and silver unless you are confident that Apmex and Fedex will use the correct commodity codes or if you're happy sorting out any issues yourself.

 

As above, Fedex fee is 2.5% of any Duty and VAT payable.

What is the correct commodity code for importing a collectible gold coin? Do you need to ask APMEX to put this on the form, or will it get assigned based on the description? What a minefield...

[morezone]

2 minutes ago, richo said:

What is the correct commodity code for importing a collectible gold coin? Do you need to ask APMEX to put this on the form, or will it get assigned based on the description? What a minefield...

They will put it on the form as it is a requirement at their end.  How you are charged will depend on which code they use but I don't know which is the correct code.

[richo]

16 minutes ago, morezone said:

They will put it on the form as it is a requirement at their end.  How you are charged will depend on which code they use but I don't know which is the correct code.

A few years back I bought some collectible gold coins from The Perth Mint. I had to raise a dispute on incorrect customs fees then. Makes you wonder whether the preferred default position is charge the customs first and then make it awkward to claim back.

I think contacting Apmex might just cause issues and delay shipping. My plan is to contact UPS once it's in transmit and provide full evidence that this should be duty exempt.

[Pete]

I wouldn't panic too much because if you are incorrectly charged duty and / or VAT on the gold coin you can write to Fedex / UPS giving specific details of your claim and they will reimburse you.

However you still have to pay Fedex / UPS handling & deferment fees ( plus VAT on fees ) as well as VAT on the shipping ( and insurance ) cost invoiced by AMEX.
 

[SilverSniper]

On 5/24/2015 at 11:02, KevinG said:

It used to be $1500. 

I think it depended on how you pay:  $1500 was the International Bank Transfer minimal purchase, credit cards was much lower.

[richo]

My order is on the way. Expecting wrong customs which will then claim back. Seems to be the order of the day!

[collector301]

Let us know how you get on. I asked  Apmex a while ago and they didn't give me a proper answer. You would think they would know

[richo]

Yes. I had a carefully worded email ready for Apmex with correct customs code, correct description, numismatic gold coins etc. But in the end just left it as thought it might just complicate it. I'll just deal with UPS and get a refund if wrong.

[ChrisSilver]

Interesting topic. Has anyone got any experience ordering just gold from APMEX to the UK? Did it go through customs correctly?

[richo]

17 minutes ago, ChrisSilver said:

Interesting topic. Has anyone got any experience ordering just gold from APMEX to the UK? Did it go through customs correctly?

My package arrives Monday. I rang them (UPS) and it's not in the uk yet so they cannot confirm customs, but standard procedure IF labelled correctly, is that you have to sign a form to confirm it is a collectible gold coin meeting some basic criteria. I think it's minimum .900 parts gold and face value below purchase value etc. UPS confirmed to me there should be no duty if done correctly.

My point was that a couple of years back I imported from Australia and was incorrectly charged a few hundred pounds that I had to awkwardly claim back. 

[collector301]

Sounds like it going to be a trouble free transaction (fingers crossed)