We are very happy to announce that we have finally gotten to a place where the European Mint Group Orders are able to move forward!
PLEASE READ THE FOLLOWING CAREFULLY AS THE WORKINGS OF THE "GROUP ORDER" HAVE CHANGED SIGNIFICANTLY
Big changes to the way group orders work
To comply with the new VAT responsibilities facing all things Backyard Bullion we have had to change the way that group orders run.
We hope that what we can offer is still a worthwhile service for some people. That said, we know that these changes will not suit all and we are sorry for that. Please respect our decisions to run things the way they need to run to protect ourselves as a business.
The biggest change is that you will no longer place orders with me (Backyard Bullion). Orders will be placed directly with The European Mint and then "Vaulted" with them. When certain thresholds (mainly weight) are met, parcels will be shipped - or, at the end of each month.
This change does take away one of the benefits of the old orders - having to pay the EU mint directly via IBAN transfer. Doing this is not as difficult as you might expect and we are happy to help and guide people through that process if needed.
Do these changes mean less savings on group orders?
Fundamentally the savings will be the same. The only issue is that of payment directly to the European Mint.
International shipping will still be 1.2% of your order. So for an order of 50 oz of silver you would have been paying €48 to EU Mint directly. With this order you would pay about €9 in international shipping and (with special delivery) £13 for onwards postage, meaning about a £20+ saving overall.
How do you pay the EU Mint directly!?
It is actually not that complicated. I use a transfer service called Transferwise and I would be more than happy to guide you through the process of payment. You can also pay the EU mint via PayPal - although there is a 4% charge for this. You can also pay using your own bank (but my advice would be to avoid this because of the charges and poor exchange rates).
If you want help getting payment to the EU Mint please feel free to get in touch.
The new order of play....
How the new group orders will work?
This is a general summary of how a group order will work:
1) You place an order with the European Mint directly.
2) During the checkout process you will need to apply the following code "BYBGROUPORDER" This code gives you a massive €0.01 discount on your order - but more importantly allows the EU mint to identify group order orders.
3) Select the "Add orders to storage" option on the shipping section.
4) Message me here on the forum (or via email to firstname.lastname@example.org) with your order summary (ideally a copy of your invoice).
5) We (Backyard Bullion) then will offer a free service of arranging delivery of your items. We will instruct the courier to pick up your order(s), deliver them to us and we will then distribute like we have with previous group orders.
6) This service is FREE. This means that I do not have to charge you VAT on the shipping costs. However we will, of course, still have to bill you for shipping. The courier costs from the EU Mint to us will be the same rate as before (1.2% of the order value) and will be passed on to you as a disbursement cost. The UK postage will be the same as previous group orders and I will cover those in more detail later in this thread.
So that is basically how these group orders will run!
NO MORE WEEKEND ONLY ORDERS!!
One of the perks of this new arrangement is that we are no longer bound by weekend only orders. You can place your orders any time with the EU mint directly.
What can I order and does it include Pre-order items?
You can order anything on the EU Mint website. However, you may notice that the European Mint have a significant number of items that seem "in stock" but are in fact pre-order. These items are usually sourced to order by the EU mint and as such take about 2-3 weeks to arrive with them. So, feel free to order these items but be aware that your entire order cannot be delivered to me and subsequently to you until those orders have been received by the EU Mint.
Monthly deliveries & weight thresholds
The way we envisage these orders working is that at the end of each month we will have a dispatch of all orders which can be fulfilled. So, if you place an order for pre-order items you may have to wait until the end of the following month for your orders. This could be as much as a 6 week wait. You have been warned.
However, we will also be shipping items that are ready to go if/when certain weight/value thresholds are met. This will allow us to get orders out sooner and not have 60kg+ parcels to process!
So there are no deadlines to order, you can order whenever you want. We (EU Mint) and I will keep you all as updated as possible about estimates for delivery of your order(s)
General Terms and Conditions
1) I (Backyard Bullion) cannot take financial responsibility for lost/damaged items that are part of this group order.
2) You agree that I (Backyard Bullion) will act as an agent on your behalf to arrange and pay for a courier to pick up your orders.
3) Backyard Bullion can only dispatch your order upon successful delivery from the European Mint and only upon payment of a separate postage invoice.
4) Any loss or damaged item claims will be initiated and managed by me (Backyard Bullion) and any payouts for claims can only be made upon the successful payout from said claim. Backyard Bullion cannot be held financially responsible for any unsuccessful claims.
5) You are liable for any and all taxes/import duties that may be applied to your order for your home country of delivery.
Delivery from me to you
This part is essentially identical to previous group orders.
How do I get my coins from Backyard Bullion?
We will send you an invoice which will include the cost of your share of international postage (1.2% of your orders value) and your options for postage from us to you.
Here is a quick guide as to what the onwards postage costs will be - this is subject to change where appropriate and is meant to give you a guide as to the costs of postage only.
Please note that the maximum that you can send via Royal Mail Special delivery for a decent price is 2kg (about 55 oz).
If you would like to order more than this please get in touch to discuss shipping options.
****Please also note that there is NO PRECIOUS METALS INSURANCE on any royal mail service other than Special Delivery****
What happens in the event of an issue with delivery?
We (Backyard Bullion) cannot be held financially responsible for the loss/damage of any items in this group order. The European Mint has insurance for their parcels but I have never had to put a claim in and I do not know how likely it might be that something is refunded should it go missing in transit. There is an intrinsic risk in ordering from any international company but I am confident that we will be able to resolve anything that might happen. Please bear this in mind before joining the order.
It is important to note the above terms and conditions and re-iterate that joining this order is at YOUR OWN RISK. I cannot be held responsible if items are lost/damaged when arriving from the European Mint.
Should there be any issues I will of course endeavour to work with the dealer to solve them, but I cannot guarantee a resolution.
Delivery from me to you is of a postage method of your choosing. As I have mentioned above there is no precious metals insurance for anything other than Royal Mail Special Delivery. In the event an order is missing or damaged any insurance claims will be made by me (Backyard Bullion) and refunds can only be paid upon successful completion and payout from Royal Mail. In the event that a claim by Royal Mail is denied I cannot be held financially responsible.
OUR SERVICE IS FREE - THIS MEANS NOT VAT!!!
It is important to re-iterate that the service that we (Backyard Bullion) are offering is completely free.
This means we will not have to charge you VAT on your shipping costs.
You are more than welcome to make a community donation at any time if you see fit - just let us know if you want to. Any community donations will go a long way to buying a slap up takeaway for Mrs BYB every month!
However, the best way you can support us would be via our Hand Poured Silver.
We still have 1 oz Silver Forum Bars available!
Have you got any questions?
If you have any questions or would like any more information then please don't hesitate to ask here or via PM.
3oz of Perth Mint silver coins courtesy of @Wackattak924 and @DonkeyKong. 2nd Prize in the recent Children with Cancer UK giveaway.
-2019 1oz Australian Koala
-2019 1oz Australian Kookaburra
-2019 1oz Dragon Bar
Thanks also to @BackyardBullion for assisting with 'protection' and delivery.
Plus, a few of these (acquired at launch before the price hikes) ...
Mrs Backyard Bullion and I have some good and bad news to share with you all.
First, the good news. Backyard Bullion (the business) has been growing well and we are excited at what the future may bring.
This leads us onto the bad news. With such success and growth comes the inevitable attention from the tax man. As such Backyard Bullion is required to register for VAT (Sales tax for those non UK/EU readers).
This will of course have some significant effects on our business but more importantly for you as our customers. We have always been and always will be, fully committed to the strength and quality of the Backyard Bullion brand and products. The pieces we make are and will continue to be of the highest possible quality. We are a small business (Mrs BYB and myself) and have no plans or desire to hire staff. Each piece we make, be it small or large, will be unique and have been made by us with the same love, care and attention we have always put into our work.
This means that effective from 1st April 2019 we will be increasing our pricing to accommodate for part of the VAT liability we incur for our sales.
Any items that have been pre-ordered but not paid for will have their original prices honoured even though the payment date might be after 1st April 2019. This seems the fairest thing to do for these pre-ordered items. However, for items ordered or purchased after the 1st April 2019 you will notice the price change. The most obvious product to be affected at this stage is the “1 oz & 250g Silver Forum Bars” that have not yet been reserved/paid for already.
VAT registration is something we never envisaged happening at the outset of this business but it is now a reality that cannot be ignored.
Whilst the bad news is certainly bad and only time will tell the true effect on the business we are confident about our brand and are excited about future projects we will try to bring to you.
We want to finish this announcement with a very large and heartfelt thank you to everyone out there that has supported the brand, be it through our hand poured silver, YouTube channel and group orders over this last 3 years. Your support means the world to us and we will endeavour to continue to bring you the best quality video entertainment and hand poured silver in the future!
If you have any comments or questions then please feel free to ask them here on this thread or contact me directly.
All the best to you all!
Mr & Mrs Backyard Bullion
Just wanted to get a quick post out.
The fundraising made quite a leap this morning with @RichRock's donation. Thank you.
The total amount raised so far is now £500. That is amazing and I would like to thank you all.
My wife pulled me up on why I keep adding £50 to my online total. And I thought that I should share that with everyone just so that everyone knows that I'm not just making numbers up. The additional £50 is from the cash sale of a coin kindly donated by @SilverStan
There are 9 days left until I draw the winners of the prizes. If the target of £700 is reached by then I will draw a bonus prize. IV not yet decided what this will be yet but will post it here once I have found something.
Thank you all for your support and generosity.
ORDER IS COMPLETE!!
Thanks for a busy and amazing weekend all!
The total order (excluding capsules) is as follows:
As you can see the total oz'age was 1532
CONGRATULATIONS @P3T3R !!!!
You were closest, a 1/2 oz shark will swim its way to you soon! The question is are you a hammerhead or great white man? Also, how did you guess it right!?!?!?!
Now starts the wait - we will update you all as best as we can with shipping and estimates of delivery.
You can all expect some postage invoices probably the middle of next week. It has been a long weekend and I am having the day off tomorrow 🙂
Have a good one all!