• The above Banner is a Sponsored Banner.

    Upgrade to Premium Membership to remove this Banner & All Google Ads. For full list of Premium Member benefits Click HERE.

  • Join The Silver Forum

    The Silver Forum is one of the largest and best loved silver and gold precious metals forums in the world. Join today for FREE! Browse the sponsors topics (hidden to guests) for deals and offers, check out the bargains in the members trade section and join in with our community reacting and commenting on topic posts. If you have any questions whatsoever about precious metals collecting and investing please join and start a topic and we will be here to help with our knowledge :) happy stacking. 

Oystonout

Posting silver coins to Europe

Recommended Posts

International tracked and signed is £8.95 for upto 100g small parcel (Sending max 2 oz)

Is this method the best value? Is package insured just like special delivery in Uk?

Buyer also asking whether I have IBAN. Now I know that is an international bank account number and as far as i’m Aware every full UK current account has one. 

Question is if I’m wanting payment of say £60 from buyer, how does the transaction work eg Euro converted into £s overseas first?

Cheers for any input 

Share this post


Link to post
Share on other sites
36 minutes ago, Oystonout said:

International tracked and signed is £8.95 for upto 100g small parcel (Sending max 2 oz)

Is this method the best value? Is package insured just like special delivery in Uk?

Buyer also asking whether I have IBAN. Now I know that is an international bank account number and as far as i’m Aware every full UK current account has one. 

Question is if I’m wanting payment of say £60 from buyer, how does the transaction work eg Euro converted into £s overseas first?

Cheers for any input 

RM tracked and signed is the best bet - but it wont be insured outside of the UK so if it goes missing after it has left it is anyones guess whether you get anything back.

IBAN numbers are just like a regular bank account number - but so that people can send you money from another bank. Conversion rate will depend on your bank usually and often it will be a horrible exchange rate and you might even get charged. 

My advise is to get them to pay you using transferwise. That way they (and you) get the best value and also your bank wont charge you (or them) for an IBAN transfer. 

It is pretty easy to use transferwise but just have a read of all their T&C's i guess. 

Share this post


Link to post
Share on other sites

Cheers for that BYB

For nearly £9 thought it would be covered. As a one off transaction and a small one at that, sounds like a lot of hard work and risk (don’t know buyer from Adam)

Thanks again

Share this post


Link to post
Share on other sites

You could also set up with Revolut. (Slightly) cheaper exchange rates and you can get a euro account into which you can request funds. Otherwise PayPal or banks always bite you with bad exchange rates. 

One thing I am wondering: PayPal insures eBay purchases as long as sent trackable. Would the same apply if someone paid (not F&F) you as otherwise only special arrangements would insure worldwide shipping from the UK

Share this post


Link to post
Share on other sites

Can you ship it to their local coin dealer ?  Sometimes dealers will act as middle men, someone everyone can basically trust.  If it's something expensive it might be worth doing it that way, essentially agreeing to use a certain coin shop as the go-between.  Most people have a local coin shop that everyone can trust to make the exchange.

Share this post


Link to post
Share on other sites
12 hours ago, BackyardBullion said:

My advise is to get them to pay you using transferwise. That way they (and you) get the best value and also your bank wont charge you (or them) for an IBAN transfer. 

 

Alternatively open a borderless account on Transferwise and give the buyer your IBAN in your virtual Euro account.

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now