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Pete

Premium Member
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  • Country

    United Kingdom

Reputation Activity

  1. Sad
    Pete got a reaction from Bullionbilly in Silver one ounce coins for sale.   
    I wish I hadn't checked my spreadsheet to see if I already had these coins as I was interested due to the price.
    On June 12 2011   I bought a roll of Koalas from Coininvest ( best price anywhere in Europe ) and they cost me £30.78 each ......ouch !!
    In September 2011  I went all-in ( experts were advising buy - buy - price will climb further etc ) on Kooks and bought over 100 at around £34 each   ...... further ouch !!!!
    New stackers - how lucky you are 😭
  2. Haha
    Pete got a reaction from kimchi in FREE SILVER - DRAW NOW CLOSED   
    Decent gesture but is there a reason for getting the highest number of likes ?
  3. Like
    Pete got a reaction from Nick1368 in How real is the possibility of hypernflation in the UK?   
    There is tremendous hype and fear about Brexit.
    The EU political experiment is dying with other countries waiting in the wings to see how we end up before possibly leaving also.
    Let's not forget the vast sums of money we spend supporting the EU to the benefit mainly of other countries that are getting new roads and bridges built at our expense not to mention the French farmers.
    Trade doesn't stop and tariffs are what the EU or we decide to set - most under WT rules are zero anyhow.
    Once the German car manufacturers, Spanish fruit growers, Italian Prosecco producers and French Farmers realise we will not cave in to Brussels ( we hope ) things will rapidly change and we will definitely be much better once the dust settles. There is also the big question of who will fund the EU once the UK ( second largest net contributor ) leaves and the other countries have to make up the short fall. That never seems to get mentioned on the Brussels Broadcasting Corporation news.
    As for currencies, everything is down to the temporary and probably artificial strength of the US dollar under Trump.
    Like shiny metals I genuinely believe currencies are manipulated by the big banks who trade every second to squeeze as many billions out of the system as they can.
    Trades are done using fancy algorithms rather than serious economics and the changes are fitted by the media against some other event as if that event was a factor.
    Total BS in many instances but it sounds good at the time.
     
  4. Sad
    Pete got a reaction from jonrms in Remember in your hearts, 9/11   
    I was in the USA during the 9/11 events and like everyone was shocked that this could have occurred.
    More recently I visited Ground Zero in NY city and that was truly a sombre moment.
  5. Like
    Pete got a reaction from GrahamDiamond in Perth Mint direct.   
    Definitely not as you will have to pay about £8 fee to the Post Office plus a further 20% VAT on the coin declared value plus shipping.
    Even if you could convince HMRC that the coin(s) is numi / collectible and get the VAT refunded to the 5% level it is still generally cheaper to buy from our well known EU dealers or via a group buy on the SF
  6. Haha
    Pete got a reaction from Roy in Silver one ounce coins for sale.   
    Yes @Roy that's kind of what I've been doing but 100 Kooks wouldn't start to ease the pain.
    If I shared this info with my other half I would have my bits put into the pickling jar.
  7. Sad
    Pete got a reaction from Bullionbilly in Silver one ounce coins for sale.   
    I wish I hadn't checked my spreadsheet to see if I already had these coins as I was interested due to the price.
    On June 12 2011   I bought a roll of Koalas from Coininvest ( best price anywhere in Europe ) and they cost me £30.78 each ......ouch !!
    In September 2011  I went all-in ( experts were advising buy - buy - price will climb further etc ) on Kooks and bought over 100 at around £34 each   ...... further ouch !!!!
    New stackers - how lucky you are 😭
  8. Like
    Pete got a reaction from Nick1368 in How real is the possibility of hypernflation in the UK?   
    There is tremendous hype and fear about Brexit.
    The EU political experiment is dying with other countries waiting in the wings to see how we end up before possibly leaving also.
    Let's not forget the vast sums of money we spend supporting the EU to the benefit mainly of other countries that are getting new roads and bridges built at our expense not to mention the French farmers.
    Trade doesn't stop and tariffs are what the EU or we decide to set - most under WT rules are zero anyhow.
    Once the German car manufacturers, Spanish fruit growers, Italian Prosecco producers and French Farmers realise we will not cave in to Brussels ( we hope ) things will rapidly change and we will definitely be much better once the dust settles. There is also the big question of who will fund the EU once the UK ( second largest net contributor ) leaves and the other countries have to make up the short fall. That never seems to get mentioned on the Brussels Broadcasting Corporation news.
    As for currencies, everything is down to the temporary and probably artificial strength of the US dollar under Trump.
    Like shiny metals I genuinely believe currencies are manipulated by the big banks who trade every second to squeeze as many billions out of the system as they can.
    Trades are done using fancy algorithms rather than serious economics and the changes are fitted by the media against some other event as if that event was a factor.
    Total BS in many instances but it sounds good at the time.
     
  9. Sad
    Pete got a reaction from Bullionbilly in Silver one ounce coins for sale.   
    I wish I hadn't checked my spreadsheet to see if I already had these coins as I was interested due to the price.
    On June 12 2011   I bought a roll of Koalas from Coininvest ( best price anywhere in Europe ) and they cost me £30.78 each ......ouch !!
    In September 2011  I went all-in ( experts were advising buy - buy - price will climb further etc ) on Kooks and bought over 100 at around £34 each   ...... further ouch !!!!
    New stackers - how lucky you are 😭
  10. Sad
    Pete got a reaction from Bullionbilly in Silver one ounce coins for sale.   
    I wish I hadn't checked my spreadsheet to see if I already had these coins as I was interested due to the price.
    On June 12 2011   I bought a roll of Koalas from Coininvest ( best price anywhere in Europe ) and they cost me £30.78 each ......ouch !!
    In September 2011  I went all-in ( experts were advising buy - buy - price will climb further etc ) on Kooks and bought over 100 at around £34 each   ...... further ouch !!!!
    New stackers - how lucky you are 😭
  11. Sad
    Pete got a reaction from Bullionbilly in Silver one ounce coins for sale.   
    I wish I hadn't checked my spreadsheet to see if I already had these coins as I was interested due to the price.
    On June 12 2011   I bought a roll of Koalas from Coininvest ( best price anywhere in Europe ) and they cost me £30.78 each ......ouch !!
    In September 2011  I went all-in ( experts were advising buy - buy - price will climb further etc ) on Kooks and bought over 100 at around £34 each   ...... further ouch !!!!
    New stackers - how lucky you are 😭
  12. Like
    Pete got a reaction from GrahamDiamond in Perth Mint direct.   
    Definitely not as you will have to pay about £8 fee to the Post Office plus a further 20% VAT on the coin declared value plus shipping.
    Even if you could convince HMRC that the coin(s) is numi / collectible and get the VAT refunded to the 5% level it is still generally cheaper to buy from our well known EU dealers or via a group buy on the SF
  13. Like
    Pete reacted to Thelonerangershorse in How real is the possibility of hypernflation in the UK?   
    If Comrade Jeremy gets elected, we will quickly follow the way of his economic role model, Venezuela.
     
  14. Like
    Pete got a reaction from h103efa in Some New Popular Issues Pre-Order   
    Stick to the well known sellers - search this forum for comments and if there are none ask for help
    Use a company like Transferwise or Currencyfair ( there are others ) that have a small transaction fee and provide good rates of exchange.
    If your EU seller offers a UK bank account sometimes their exchange rate is poor so always compare.
    Factor in the cost of shipping e.g. €20 so a larger order works best.
    Check the UK sellers as well.
    I placed a mixed silver order today on GS.be but bought a gold Falcon from Atkinsons as cheaper.
  15. Like
    Pete got a reaction from Bullionbilly in Canadian maple, American Eagle any good?   
    Unless you are going to look at your coins after purchase rather than stick them in a safe, vault or buried in the garden, go for the least expensive as when it comes to selling it probably won't make much difference and if you pay a premium now you may be disappointed when selling.
  16. Thanks
    Pete got a reaction from Tonyb959 in Some New Popular Issues Pre-Order   
    GS.be listed today some new coins including 2019 dates that are expected to be shipped within a few weeks.
    2018 10 oz Valiant
    2018 UK Lunar Pig
    2019 2oz Queens Beast Falcon
    2019 Koala
    2019 Kookaburra
    2019 Lunar II Pig
    Great looking prices with spot so low and slight rebound of the £ vs €
  17. Thanks
    Pete got a reaction from Tonyb959 in Some New Popular Issues Pre-Order   
    GS.be listed today some new coins including 2019 dates that are expected to be shipped within a few weeks.
    2018 10 oz Valiant
    2018 UK Lunar Pig
    2019 2oz Queens Beast Falcon
    2019 Koala
    2019 Kookaburra
    2019 Lunar II Pig
    Great looking prices with spot so low and slight rebound of the £ vs €
  18. Like
    Pete got a reaction from WealdenWoodsman in Chards - VAT Free Silver   
    Of nil interest to me unfortunately.
    I remain totally confused as to how in the EU where rules are set more or less across the board, the Germans, Belgians and Estonians can apply differential VAT to coins and UK dealers cannot or choose not to. This all happened a few years ago when in Germany the VAT was increased from 7% to 19% and they found a legal loophole.
    Also why is full VAT charged by UK dealers on secondhand silver when the VAT rate should I believe be 0%.
    Many of us, myself included would rather buy locally but every order I place for silver ( or platinum ) is across the channel even for UK minted coins.
  19. Like
    Pete got a reaction from GrahamDiamond in Chards - VAT Free Silver   
    Thanks Ian for replying.
    1. Have you investigated the margin / differential VAT scheme adopted by your EU competitors ?
    Is there an HMRC block or is it down to UK suppliers not bothered to adopt or challenge ?
    Unfortunately you are at a big disadvantage and loosing substantial business because of this.
    Perhaps post-Brexit there will no longer be the possibility of low VAT imports and alternative routes will no doubt be found.
    2. I did a quick check on prices for the Lunar Rooster and you are indeed extremely competitive at £15.05 ( £14.94 for 100 ) especially against STG who list £19.06 using the margin scheme and several German dealers quoting around £17.20.
    However GS.be are quoting €16.47 which is £14.77 using a guaranteed fixed exchange rate today from Transferwise of 1.11530
    3. Platinum has a similar problem and BullionbyPost today are quoting £836.88 for a 1 oz Queens Beast Dragon ( CoinInvest £810.77 and Royal Mint Bullion £735.63 ) and I recently paid GS.be £668.50 so a substantial difference between main sellers.

  20. Like
    Pete got a reaction from WealdenWoodsman in Chards - VAT Free Silver   
    Of nil interest to me unfortunately.
    I remain totally confused as to how in the EU where rules are set more or less across the board, the Germans, Belgians and Estonians can apply differential VAT to coins and UK dealers cannot or choose not to. This all happened a few years ago when in Germany the VAT was increased from 7% to 19% and they found a legal loophole.
    Also why is full VAT charged by UK dealers on secondhand silver when the VAT rate should I believe be 0%.
    Many of us, myself included would rather buy locally but every order I place for silver ( or platinum ) is across the channel even for UK minted coins.
  21. Like
    Pete got a reaction from Prometheus in Buying gold in the UK   
    That's up to you and some people don't believe in Santa Clause.
    How do you explain the retroreflectors placed on the surface of the moon pointed at Earth that scientists use 24/7 with laser rangefinders to monitor continental shift and the height of mountains back here ?
  22. Like
    Pete got a reaction from ZatStackz in Air tight capsules, are they worth it?   
    Depends entirely on the coin.
    For cheap bullion like Maples etc I tend to use coin tubes storing up to 25 in a polythene tube making storage easy.
    If the coins are prettier and look attractive then best to find the correct sized clear acrylic capsule.
    The industry standard and one of the best is the USA 'Air-Tite' and there are much cheaper alternatives available.
    I just ordered 3 boxes of Leuchturm premium rimless caps from GS.be.
    These look pretty good and are individually wrapped to prevent scratching.
    Leuchturm ( or Lighthouse ) caps traditionally have rims and although easy to open don't look as nice.
    I have also purchased bags of 'Airtight' caps from eBay in the USA, as very cheap, but they are not the same quality as 'Air-Tite' but suffice protecting the cheaper coins.
  23. Like
    Pete got a reaction from GrahamDiamond in Chards - VAT Free Silver   
    Thanks Ian for replying.
    1. Have you investigated the margin / differential VAT scheme adopted by your EU competitors ?
    Is there an HMRC block or is it down to UK suppliers not bothered to adopt or challenge ?
    Unfortunately you are at a big disadvantage and loosing substantial business because of this.
    Perhaps post-Brexit there will no longer be the possibility of low VAT imports and alternative routes will no doubt be found.
    2. I did a quick check on prices for the Lunar Rooster and you are indeed extremely competitive at £15.05 ( £14.94 for 100 ) especially against STG who list £19.06 using the margin scheme and several German dealers quoting around £17.20.
    However GS.be are quoting €16.47 which is £14.77 using a guaranteed fixed exchange rate today from Transferwise of 1.11530
    3. Platinum has a similar problem and BullionbyPost today are quoting £836.88 for a 1 oz Queens Beast Dragon ( CoinInvest £810.77 and Royal Mint Bullion £735.63 ) and I recently paid GS.be £668.50 so a substantial difference between main sellers.

  24. Like
    Pete got a reaction from GrahamDiamond in Chards - VAT Free Silver   
    Thanks Ian for replying.
    1. Have you investigated the margin / differential VAT scheme adopted by your EU competitors ?
    Is there an HMRC block or is it down to UK suppliers not bothered to adopt or challenge ?
    Unfortunately you are at a big disadvantage and loosing substantial business because of this.
    Perhaps post-Brexit there will no longer be the possibility of low VAT imports and alternative routes will no doubt be found.
    2. I did a quick check on prices for the Lunar Rooster and you are indeed extremely competitive at £15.05 ( £14.94 for 100 ) especially against STG who list £19.06 using the margin scheme and several German dealers quoting around £17.20.
    However GS.be are quoting €16.47 which is £14.77 using a guaranteed fixed exchange rate today from Transferwise of 1.11530
    3. Platinum has a similar problem and BullionbyPost today are quoting £836.88 for a 1 oz Queens Beast Dragon ( CoinInvest £810.77 and Royal Mint Bullion £735.63 ) and I recently paid GS.be £668.50 so a substantial difference between main sellers.

  25. Like
    Pete got a reaction from GrahamDiamond in Chards - VAT Free Silver   
    Thanks Ian for replying.
    1. Have you investigated the margin / differential VAT scheme adopted by your EU competitors ?
    Is there an HMRC block or is it down to UK suppliers not bothered to adopt or challenge ?
    Unfortunately you are at a big disadvantage and loosing substantial business because of this.
    Perhaps post-Brexit there will no longer be the possibility of low VAT imports and alternative routes will no doubt be found.
    2. I did a quick check on prices for the Lunar Rooster and you are indeed extremely competitive at £15.05 ( £14.94 for 100 ) especially against STG who list £19.06 using the margin scheme and several German dealers quoting around £17.20.
    However GS.be are quoting €16.47 which is £14.77 using a guaranteed fixed exchange rate today from Transferwise of 1.11530
    3. Platinum has a similar problem and BullionbyPost today are quoting £836.88 for a 1 oz Queens Beast Dragon ( CoinInvest £810.77 and Royal Mint Bullion £735.63 ) and I recently paid GS.be £668.50 so a substantial difference between main sellers.