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sixgun

Silver Premium Member
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Reputation Activity

  1. Like
    sixgun got a reaction from Deus in Tax on Silver when Entering the UK?   
    We have gone back and forth over the argument of bringing silver into the country  - funnily enough i haven't seen exactly what i have posted above put forwards before - that is the rule that you don't need to declare less than £10 000 in cash.
    The British Government created the £2 coins. These round pieces of metal are £2 coins because they have the Queen's head on and are marked up by the authorities as £2. That is what they are, they are £2 coins. They happen to be made of silver but legally they are £2 coins.
    A green monster box has 500 x £2 coins. They are legal tender - they are money - they are cash. They don't become something else because the intrinsic value of the metal is worth more or less than £2.
    They are cash and 4999 of them is less than £10 000 in cash - so according to HMRC rules they don't need to be declared.
    If they were silver bars (not coin bars) then they would be dealt with as silver. These are coins and under the UK Coinage Act 1971, it is illegal to melt any UK coin produced after the 16th of May 1969, so these £2 coins are coins and it is illegal to use them as anything else (i.e. melt them down for their metal content).
  2. Like
    sixgun got a reaction from Deus in Tax on Silver when Entering the UK?   
    Well if you look at this HMRC webpage which deals with cash https://www.gov.uk/bringing-cash-into-uk
    This defines cash as:
    A coin is legal tender. Legal tender - notes and coins are cash.
    So if you have less than £10 000 in coins you don't have to declare it.
    A Britannia has a legal tender value of £2 - so that would mean if you had 4999 Britannias you would not have to declare this - that's 10 monster boxes (minus one coin).
    That is what it says. If they are calling Britannias legal tender, which they are and they put £2 on the coin, then these are £2 coins, how else is a person supposed to view them? Making out they were something else might well be a crime. This is simply applying their rules.
  3. Like
    sixgun got a reaction from daca in Johnson Matthey year of production.   
    I can't add anything. This bar is shown on the All Engelhard website, with a production run estimated at under 500 bars. Once I tried to track down some SilverTowne mint serial numbers - as I remember I actually contacted them directly - no records kept. It does make you wonder what the serial numbers are about if the manufacturer isn't keeping them, it's not as though that is a difficult thing to do. One could guess the 1980's and you would probably be right.

  4. Like
    sixgun got a reaction from vw1972 in Johnson Matthey year of production.   
    I can't add anything. This bar is shown on the All Engelhard website, with a production run estimated at under 500 bars. Once I tried to track down some SilverTowne mint serial numbers - as I remember I actually contacted them directly - no records kept. It does make you wonder what the serial numbers are about if the manufacturer isn't keeping them, it's not as though that is a difficult thing to do. One could guess the 1980's and you would probably be right.

  5. Super Like
    sixgun got a reaction from James32 in Johnson Matthey year of production.   
    I can't add anything. This bar is shown on the All Engelhard website, with a production run estimated at under 500 bars. Once I tried to track down some SilverTowne mint serial numbers - as I remember I actually contacted them directly - no records kept. It does make you wonder what the serial numbers are about if the manufacturer isn't keeping them, it's not as though that is a difficult thing to do. One could guess the 1980's and you would probably be right.

  6. Thanks
    sixgun got a reaction from AgD in Topic only visible to Premium Members. Upgrade membership to view.   
  7. Super Like
  8. Super Like
  9. Haha
    sixgun got a reaction from Muncle in Updated: Silver: 1kg .999 bars, 2020 2oz Queen's Beasts, 2020 1oz Britannias   
    I will vouch for any regular member for a small fee.
  10. Haha
    sixgun got a reaction from Upsidedown in Updated: Silver: 1kg .999 bars, 2020 2oz Queen's Beasts, 2020 1oz Britannias   
    I will vouch for any regular member for a small fee.
  11. Haha
    sixgun got a reaction from stefffana in Updated: Silver: 1kg .999 bars, 2020 2oz Queen's Beasts, 2020 1oz Britannias   
    I will vouch for any regular member for a small fee.
  12. Haha
    sixgun got a reaction from MetalsMan in Updated: Silver: 1kg .999 bars, 2020 2oz Queen's Beasts, 2020 1oz Britannias   
    I will vouch for any regular member for a small fee.
  13. Haha
    sixgun got a reaction from bobski in Updated: Silver: 1kg .999 bars, 2020 2oz Queen's Beasts, 2020 1oz Britannias   
    I will vouch for any regular member for a small fee.
  14. Haha
    sixgun got a reaction from James32 in Updated: Silver: 1kg .999 bars, 2020 2oz Queen's Beasts, 2020 1oz Britannias   
    I will vouch for any regular member for a small fee.
  15. Haha
    sixgun got a reaction from HonestMoneyGoldSilver in Updated: Silver: 1kg .999 bars, 2020 2oz Queen's Beasts, 2020 1oz Britannias   
    I will vouch for any regular member for a small fee.
  16. Haha
    sixgun got a reaction from Silverman2U in Updated: Silver: 1kg .999 bars, 2020 2oz Queen's Beasts, 2020 1oz Britannias   
    I will vouch for any regular member for a small fee.
  17. Haha
    sixgun got a reaction from jackflash123 in Updated: Silver: 1kg .999 bars, 2020 2oz Queen's Beasts, 2020 1oz Britannias   
    I will vouch for any regular member for a small fee.
  18. Haha
    sixgun got a reaction from TheShinyStuff in Updated: Silver: 1kg .999 bars, 2020 2oz Queen's Beasts, 2020 1oz Britannias   
    I will vouch for any regular member for a small fee.
  19. Haha
    sixgun got a reaction from Adamcahn in Updated: Silver: 1kg .999 bars, 2020 2oz Queen's Beasts, 2020 1oz Britannias   
    I will vouch for any regular member for a small fee.
  20. Haha
    sixgun got a reaction from WishIwasMidas in Updated: Silver: 1kg .999 bars, 2020 2oz Queen's Beasts, 2020 1oz Britannias   
    I will vouch for any regular member for a small fee.
  21. Haha
    sixgun got a reaction from Darr3nG in Updated: Silver: 1kg .999 bars, 2020 2oz Queen's Beasts, 2020 1oz Britannias   
    I will vouch for any regular member for a small fee.
  22. Haha
    sixgun got a reaction from ArgentSmith in Updated: Silver: 1kg .999 bars, 2020 2oz Queen's Beasts, 2020 1oz Britannias   
    I will vouch for any regular member for a small fee.
  23. Like
    sixgun got a reaction from Deus in Today I Received.....   
    Well this is the longest saga i have experienced. 
    This is an interesting but unidentified 1kg bar. I suspect it was made for a jewellery chain store as a gift or presentation type of product back in the day - could be 1980's at a guess. The style of the font is reminiscent of another bar i have which was an electrical company promo product.
    Well I bought the bar and then Royal Mail delivered it to the wrong house. After a fortnight the people at the wrong house contacted us and we retrieved the bar. All's well that ends well I suppose.
     

  24. Like
    sixgun got a reaction from Lyrinn in Has the secondary silver market hit the market saturation point.   
    A monster box will always be a hard sell on the forum - the obvious thing would be to break it up or fine it just doesn't shift.
    i was watching a video this morning where Steve St. Angelo and Bob Coleman were talking about prices, the retail / wholesale markets and COMEX in silver. Bob Coleman runs a US precious metal depository and Steve St Angelo is a commentator. 
    Their views are very US centric. There was no mention of the Global South and how India is vacuuming up silver at the moment. This isn't happening in their world and somehow or other Bob Coleman thinks the US stacker market is influencing the silver price. St Angelo thought people were selling silver to get into US Treasuries - which is beyond deluded.
    The price of silver is rising - there is buying pressure in the 100's and 1000's of tonnes especially from India.
    i don't actually think there are that many people here who are on the buy for silver. There is a good deal of gold and silver coming up for sale. i wonder if members are thinking now is a good time to sell and those who trade are getting metal offered to them. i don't really have any idea what it is like in the UK at the moment but i get the impression times are hard for a good few. The temptation is there to sell and so the market balance shifts. What happens on the TSF is a reflection on what is happening with private collectors but no reflection on the world. So if members are growing jaded this doesn't mean the price of silver is about to crash; there will be corrections but price rises are inevitable. It may well be the price is too rich for some people here and they are dropping out.  
    It would be interesting to have a poll - are you net buying / selling / treading water when it comes to silver.
    Personally i keep buying - some here, usually older bars and some silver inside the EU. The GS ratio is still over 85 - and this is cheap to me, so i keep topping up almost as a reflex.
  25. Like
    sixgun got a reaction from ZigZag in Has the secondary silver market hit the market saturation point.   
    A monster box will always be a hard sell on the forum - the obvious thing would be to break it up or fine it just doesn't shift.
    i was watching a video this morning where Steve St. Angelo and Bob Coleman were talking about prices, the retail / wholesale markets and COMEX in silver. Bob Coleman runs a US precious metal depository and Steve St Angelo is a commentator. 
    Their views are very US centric. There was no mention of the Global South and how India is vacuuming up silver at the moment. This isn't happening in their world and somehow or other Bob Coleman thinks the US stacker market is influencing the silver price. St Angelo thought people were selling silver to get into US Treasuries - which is beyond deluded.
    The price of silver is rising - there is buying pressure in the 100's and 1000's of tonnes especially from India.
    i don't actually think there are that many people here who are on the buy for silver. There is a good deal of gold and silver coming up for sale. i wonder if members are thinking now is a good time to sell and those who trade are getting metal offered to them. i don't really have any idea what it is like in the UK at the moment but i get the impression times are hard for a good few. The temptation is there to sell and so the market balance shifts. What happens on the TSF is a reflection on what is happening with private collectors but no reflection on the world. So if members are growing jaded this doesn't mean the price of silver is about to crash; there will be corrections but price rises are inevitable. It may well be the price is too rich for some people here and they are dropping out.  
    It would be interesting to have a poll - are you net buying / selling / treading water when it comes to silver.
    Personally i keep buying - some here, usually older bars and some silver inside the EU. The GS ratio is still over 85 - and this is cheap to me, so i keep topping up almost as a reflex.
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