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Pete

Silver Premium Member
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Everything posted by Pete

  1. Premiums usually stick to high quality bullion silver coins supplied in capsules from the Perth and Royal Australian Mints. Cheap bullion includes popular Britannias, Maples, Philarmonics and many others from all over the World. For some reason American Silver Eagles can often be priced higher than other bullion. Mexican Libertads can sell for high premiums based on mintages. Chinese Pandas also come in caps and are collectible and easy to shift.
  2. Pete

    withdrawn Platinum Britannia

    Not selling Pt - sorry - long term investment. Thanks @ArgentSmith
  3. As soon as you inform eBay that an item is not as described, eBay almost automatically takes the side of the buyer. Fortunate in your case but if you are the seller and shipping the correct items etc. it can be a frustrating and stressful experience. Judging by your seller's apology it suggests a library or downloaded photo was used which is naughty as you want to see exactly what you are purchasing, not a representative sample. This is especially true with coins as you want to see condition.
  4. Not in the UK unless it remains vaulted unfortunately. Another problem with Pt is the margin which I don't fully understand but it's down to supply and demand. When Pt is relatively cheap there is very little around to purchase. Considering that Pt historically was more precious than gold ( and higher priced ) you would expect margins to be similar to gold, or perhaps a little bit more, but not as high as they tend to be. Having said that people will still purchase Pt with its high margin and VAT included ( me being one ) and you would only loose out big time selling to the trade.
  5. Are these promising signs for those of us steadily growing old, but still nursing big silver stacking losses ? Will this trend continue ?
  6. I had this happen to me also but it was resolved in a week. I guess when a package is x-rayed it draws suspicion as to what could be inside. Unfortunately with all that's going on around the world we all are greatly inconvenienced - e.g. checking-in at an airport.
  7. 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.
  8. 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.
  9. 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.
  10. 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.
  11. My suggestion is to check the past few weeks of sold coins on eBay for prices. Unfortunately selling a complete set might result in a lower price that the total of the individual coins whilst you would assume that it would be the opposite. Knowing this I still make up and collect full sets of various coins including the QB. The earlier beasts were at one point getting a high premium but I haven't checked for about a year.
  12. Saw this appear on TV today and I think it was priced at £390 with free delivery, limited to 1 per address.
  13. This is a fair price for a Vic sovereign and the copper oxide isn't a problem as a dip in acid should clear that. Having been mounted does drop its value if there is obvious damage to the coin but this one doesn't look so bad. This is a bullion price taking no account of age or condition and isn't worth much more than spot, so buy it if you want an older coin in your collection. If you prefer a new coin in pristine condition then see if you can match this price. If this is a private sale then maybe try to negotiate a little and don't forget the cost of insured postage.
  14. 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.
  15. Indeed a good price with the promo code. Just checking recent sales for this £20 carded commemorative many sales have dipped below £20 face value and several have hit £25 or thereabouts. Do you reckon this type of silver coin is worth holding for the longer term hoping it might be worth more than £20 after fees etc ?
  16. 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. If that's the case then I assume they would wish to sell them in bulk to several bullion dealers than can purchase ten thousand at a time. They are not going to trickle them on to the market surely. If say 5 thousand or more hit the market at once the price should in theory plummet like the privy dog. Dealers couldn't afford to risk paying a huge premium so maybe 100% or thereabouts is realistic. Only collectors of the series would likely pay high prices and I am not convinced there are that many as the coin itself is pretty ordinary. JP Morgan would still make a tidy profit having probably paid a few percent over silver spot when they bought them. I cannot see the logic behind JPM or some other financial institution hoarding this specific bullion coin. This is a standard Britannia with a smooth edge with a few stamped marks on the edge.
  18. 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.
  19. 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.
  20. 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. 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.
  22. Royal Mail Special Delivery will insure the contents to the price paid provided this can be proved in the event the package goes missing ( extremely unlikely ) - bank statement and copy of sales invoice will satisfy a claim.
  23. Somewhat surprised at the lack of interest - these are 2 oz coins .9999 purity. Checking just now prices from a few of our main dealers: BullionbyPost £96.36 Chards £83.14 Atkinsons £77.48
  24. State your interest - i.e. coin preference if important - weight in ounces or number of coins and your target price.
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