From UK, Best place to buy physical Gold/Silver investment bullon?

[very452001]

Following websites:

http://www.hattongardenmetals.com/buy/ https://atkinsonsbullion.com/ http://www.goldline.co.ukhttps://www.chards.co.uk/ http://www.elminvestments.co.uk/gold-coins.html https://atkinsonsbullion.com/https://www.coininvest.com/en/ physicalgold.com https://www.silver-to-go.com/en/ Goldcore apmex.com Goldsilver.be https://www.europeanmint.com/ Bullion by Post

Any other websites better than above that deserves mentioning?

Also apart from websites is there any other recommended trusted methods to buy for a new buyer into the market like me? Which coins/bars are the most popular/numismatic with investors near the market/spot price?

As im really confused with the long list above, which website has the best customer reviews for gold/silver investment bullion?

If I were to get a good exchange rate from pound to Euro then which website is the cheapest with good reviews?

Which of these websites outside UK accept £GBP payments or which sites accept credit cards?

Also Capital Gains Tax is not paid on British/UK coins only like for e.g. sovereigns and britannias coins when I sell them? So CGT is only paid on non british coins outside UK like canadian maple leaf, chinese pandas, American eagles? What about european coins as UK still in europe?

How does the tax office now that someone has sold their physical metals? It's not a ETF or share where it can be tracked online. Confusing.

Finally what does it mean to be a stacker?

[Bluenitsuj]

This should ideally have been posted in the General Precious Metals part of the forum. Maybe admin can move?

[Pete]

Welcome new member - I recommend you search this forum and invest an hour of your time reading great tips and advice.
All your questions will be answered if you make the effort.

[sixgun]

8 hours ago, very452001 said:

Following websites:

http://www.hattongardenmetals.com/buy/ https://atkinsonsbullion.com/ http://www.goldline.co.ukhttps://www.chards.co.uk/ http://www.elminvestments.co.uk/gold-coins.html https://atkinsonsbullion.com/https://www.coininvest.com/en/ physicalgold.com https://www.silver-to-go.com/en/ Goldcore apmex.com Goldsilver.be https://www.europeanmint.com/ Bullion by Post

Any other websites better than above that deserves mentioning?

Also apart from websites is there any other recommended trusted methods to buy for a new buyer into the market like me? Which coins/bars are the most popular/numismatic with investors near the market/spot price?

As im really confused with the long list above, which website has the best customer reviews for gold/silver investment bullion?

If I were to get a good exchange rate from pound to Euro then which website is the cheapest with good reviews?

Which of these websites outside UK accept £GBP payments or which sites accept credit cards?

Also Capital Gains Tax is not paid on British/UK coins only like for e.g. sovereigns and britannias coins when I sell them? So CGT is only paid on non british coins outside UK like canadian maple leaf, chinese pandas, American eagles? What about european coins as UK still in europe?

How does the tax office now that someone has sold their physical metals? It's not a ETF or share where it can be tracked online. Confusing.

Finally what does it mean to be a stacker?

This thread will be moved as it is not a transactional thread, it is not an expression of interest - an admin will do this i expect.

You have included a good number of website where members buy. You might look at the price comparison site https://gold.de

Some join fakebook groups to buy/sell. Uk Silver Stackers is one. Some used to be regulars here but frequent fakebook instead. Dodgy characters are shown the door on the silver forum so it is a safe place to be.

i would tend to buy gold in the UK and silver coins in Europe. Backyard Bullion runs a monthly group order which may save you on postage. Buying from the US is problematic with higher shipping costs and VAT at customs.

If you are buying in other than GBP i would use a site like transferwise.com or currencyfair.com. Credit card will generally be more expensive.

There is CGT on other than UK legal tender for those who might pay CGT. So all European coins are included but how the pirates would know you are selling non-UK coins in private transactions is something of a mystery.

The pirates cannot know you are selling coins privately. They can see a deposit would appears in your bank account. When you buy more than £10k in a year with a dealer or more than £5k in a single transaction, the dealer will ask for identification. Transactions may be reported by dealers to HMRC in these circumstances. What they do for sales i don't know but they may hand all those details over.

Stackers stack things. They build up stacks. In this case a stack of silver.

There are lots of threads where new people and not so new people ask what silver or gold to buy - i think it better you search around for these as they are many views and reasons for those views.

The only proper way to learn is to read and read again posts on the forum. There are plenty of people here who are expert is aspects of this fascinating field. i have learnt much of what i know reading opinions posted here.

[very452001]

5 hours ago, sixgun said:

This thread with be moved as it is not a transactional thread, it is not an expression of interest - an admin will do this i expect.

You have included a good number of website where members buy. You might look at the price comparison site https://gold.de

Some join fakebook groups to buy/sell. Uk Silver Stackers is one. Some used to be regulars here but frequent fakebook instead. Dodgy characters are shown the door on the silver forum so it is a safe place to be.

i would tend to buy gold in the UK and silver coins in Europe. Backyard Bullion runs a monthly group order which may save you on postage. Buying from the US is problematic with higher shipping costs and VAT at customs.

If you are buying in other than GBP i would use a site like transferwise.com or currencyfair.com. Credit card will generally be more expensive.

There is CGT on other than UK legal tender for those who might pay CGT. So all European coins are included but how the pirates would know you are selling non-UK coins in private transactions is something of a mystery.

The pirates cannot know you are selling coins privately. They can see a deposit would appears in your bank account. When you buy more than £10k in a year with a dealer or more than £5k in a single transaction, the dealer will ask for identification. Transactions may be reported by dealers to HMRC in these circumstances. What they do for sales i don't know but they may hand all those details over.

Stackers stack things. They build up stacks. In this case a stack of silver.

There are lots of threads where new people and not so new people ask what silver or gold to buy - i think it better you search around for these as they are many views and reasons for those views.

The only proper way to learn is to read and read again posts on the forum. There are plenty of people here who are expert is aspects of this fascinating field. i have learnt much of what i know reading opinions posted here.

Thanks for moving this thread to the right board as I am new here I mistakenly posted in the incorrect board.

Ok gold.de site is like the most popular well known price comparison site for gold/silver bullion?

Backyard Bullion is suitable for buyers with regular orders all the time not a one-off buyer?

If I choose to buy off facebook groups or these forums then how do I keep safe without being scammed and also shall I assume gold/silver from these places are not brand new and hence preowned?

Just to confirm there's no CGT on silver UK coins and European Silver coins when selling?

Which coins or bars are the most popular with investors and numismatic collectors, which already released bullion will be numismatic or have a low mint supply or special edition designs will surpass investment market value in lets say a decade or so?

Ok which european sites that do silver vat free accept £GBP payments?

Thanks,

[sixgun]

30 minutes ago, very452001 said:

Ok gold.de site is like the most popular well known price comparison site for gold/silver bullion?

Backyard Bullion is suitable for buyers with regular orders all the time not a one-off buyer?

If I choose to buy off facebook groups or these forums then how do I keep safe without being scammed and also shall I assume gold/silver from these places are not brand new and hence preowned?

Just to confirm there's no CGT on silver UK coins and European Silver coins when selling?

Which coins or bars are the most popular with investors and numismatic collectors, which already released bullion will be numismatic or have a low mint supply or special edition designs will surpass investment market value in lets say a decade or so?

Ok which european sites that do silver vat free accept £GBP payments?

i don't know if https://gold.de is the most popular price comparison site. It's the one i have used to get a price of coins.

BYB does a monthly group purchase - you can buy one month and never again, you can buy every month - it's up to you.

i happen to be a member of UK Silver Stackers - i have never bought on a fakebook group. The safest places to buy are the recognised dealers and the silver forum. The coins will be preowned - someone owns them before you. They may be in mint condition or may have imperfections.

No CGT on UK legal tender - that is gold and silver. it probably stretches to Channel Islands and Isle of Man - i would include them in on this.

European gold and silver are subject to CGT.

Some non-UK sites have a GBP selector - such as https://goldsilver.be, https://www.europeanmint.com/  https://www.silver-to-go.com

 Plenty have this facility - i have only paid in EUR. Members have mentioned the final price paid in GBP on goldsilver.be as i remember which was not as keen as they had expected. For  best price i would pay in EUR, you can get very good rates on the currency exchange websites i mentioned.

" Which coins or bars are the most popular with investors and numismatic collectors, which already released bullion will be numismatic or have a low mint supply or special edition designs will surpass investment market value in lets say a decade or so? "

This is way too big a question to deal with in any detail - you need to study the subject and read lots of threads. If you are starting out as a UK investor i would buy full and half sovereigns. Atkinsons - Hatton Garden Metals - Chard are suitable sites. HGM used to offer the keenest prices in the past but that isn't always the case more recently. i have not bought from https://www.malcolmelliscoins.co.uk but i think if you ring up you can get a good price on coins both gold and silver.

More numismatic coins would be the Queens Beast gold coins and some of the gold Britannias.

Silver coins - Milk spot free, i would buy Perth Lunar series and Kookaburras. For bullion you can get Britannias - these do sometimes develop milk spot. Maples, Armenian arc, Philharmonics - cheap but often develop spot. American Silver Eagles also a good basic bullion silver.

Be careful with proof silver coins - they have big premiums and if they develop milk spot your investment is ruined.

Silver bars attract VAT when bought from dealers.

 

[very452001]

1 hour ago, sixgun said:

i don't know if https://gold.de is the most popular price comparison site. It's the one i have used to get a price of coins.

BYB does a monthly group purchase - you can buy one month and never again, you can buy every month - it's up to you.

i happen to be a member of UK Silver Stackers - i have never bought on a fakebook group. The safest places to buy are the recognised dealers and the silver forum. The coins will be preowned - someone owns them before you. They may be in mint condition or may have imperfections.

No CGT on UK legal tender - that is gold and silver. it probably stretches to Channel Islands and Isle of Man - i would include them in on this.

European gold and silver are subject to CGT.

Some non-UK sites have a GBP selector - such as https://goldsilver.be, https://www.europeanmint.com/  https://www.silver-to-go.com

 Plenty have this facility - i have only paid in EUR. Members have mentioned the final price paid in GBP on goldsilver.be as i remember which was not as keen as they had expected. For  best price i would pay in EUR, you can get very good rates on the currency exchange websites i mentioned.

" Which coins or bars are the most popular with investors and numismatic collectors, which already released bullion will be numismatic or have a low mint supply or special edition designs will surpass investment market value in lets say a decade or so? "

This is way too big a question to deal with in any detail - you need to study the subject and read lots of threads. If you are starting out as a UK investor i would buy full and half sovereigns. Atkinsons - Hatton Garden Metals - Chard are suitable sites. HGM used to offer the keenest prices in the past but that isn't always the case more recently. i have not bought from https://www.malcolmelliscoins.co.uk but i think if you ring up you can get a good price on coins both gold and silver.

More numismatic coins would be the Queens Beast gold coins and some of the gold Britannias.

Silver coins - Milk spot free, i would buy Perth Lunar series and Kookaburras. For bullion you can get Britannias - these do sometimes develop milk spot. Maples, Armenian arc, Philharmonics - cheap but often develop spot. American Silver Eagles also a good basic bullion silver.

Be careful with proof silver coins - they have big premiums and if they develop milk spot your investment is ruined.

Silver bars attract VAT when bought from dealers.

 

Cheers for the detailed response there, i'm getting nearer ready to buy.

Just to summarise my understanding its best to buy gold from UK and silver from europe? When buying silver from europe its best to pay in euros to get the best prices due to the pound sterling to euro current exchange rates?

Do https://www.malcolmelliscoins.co.uk sell brand new?

Ok out of Atkinsons and chards which are the cheaper for gold in general and gold queen's beast coins? Also which gold britannias are numismatic?

Can you please guide me in the cheapest places to buy silver perth lunars and kookaburras? Also which silver britannias don't have milk spots?

Do american silver eagles develop milk spots?

Any numismatic silver coins that are milk spot free?

Thanks,

 

[sixgun]

1 minute ago, very452001 said:

Just to summarise my understanding its best to buy gold from UK and silver from europe? When buying silver from europe its best to pay in euros to get the best prices due to the pound sterling to euro current exchange rates?

Correct

Quote

Do https://www.malcolmelliscoins.co.uk sell brand new?

No

Quote

Ok out of Atkinsons and chards which are the cheaper for gold in general and gold queen's beast coins?

It varies - Chards does post on the silver forum - they do offers now and again. Atkinsons' prices include postage. HGM do sell QB's.

You need to check all the website if you reach a point you want to buy. There are no hard and fast rules on which is best value.

Quote

Also which gold Britannias are numismatic?

There are some years which have different designs - in the past bullion version were produced which had these non standard designs now only the proofs are non standard. The non standard designs are more interesting and collectible in my view. Proofs we can say are all numismatic but the none standard designs are more collectible.

Quote

Can you please guide me in the cheapest places to buy silver perth lunars and kookaburras?

Probably goldsilver.be is cheapest. You can do a search for specific years on https://gold.de for specific years and it will give the cheapest German dealer on their list. Goldsilver.be is not on the list of dealers.

Quote

Also which silver britannias don't have milk spots?

All silver Britannias run the risk of developing milk spots - Salivatemetal on youtube showed a proof 5oz Britannia he had with milk spot.

Quote

Do American silver eagles develop milk spots?

Yes they do spot - not as bad as Maples. All the basic bullion coins may spot - it is completely random. i got 3 tubes of Somali Elephants and at least a whole tube developed nasty spotting. ASE can tarnish sometimes but this adds to their value.

Quote

Any numismatic silver coins that are milk spot free?

Semi-numismatic - Perth Lunar, Kooks, Kangaroos (RAM) - (not the basic bullion Kangaroos, which spot) - Pandas don't spot in my experience but i think i have heard of some spotting.

[RogerBelmar]

The best UK bullion dealers in my opinion are those that have won the Bullion Dealer Of The Year 2018. They are Chards, BullionByPost, Bleyer, Atkinsons and GoldCore. I can personally vouch for all of them. I sell to Hatton Garden Metals for best prices. There are many dealers outside this list I have bought from but the five mentioned are my main dealers.

The coins which are proving the most popular at the moment are the Queen’s Beasts. I also stack other popular coins such as gold Britannias, Krugerrands, Eagles, Pandas, Philharmonics, Somalian Elephants and Sovereigns. My silver stack consists of Kooks, Koalas, Kangaroos and Pandas. Any investment advice is best left to a trained investment advisor because of the potential for investments to go up or down due to a complex set of factors.

[Pete]

6 hours ago, RogerBelmar said:

The best UK bullion dealers in my opinion are those that have won the Bullion Dealer Of The Year 2018. They are Chards, BullionByPost, Bleyer, Atkinsons and GoldCore. I can personally vouch for all of them. I sell to Hatton Garden Metals for best prices. There are many dealers outside this list I have bought from but the five mentioned are my main dealers.

Just wondering how "bullion dealer of the year" is determined ?
Does anyone know the tests and who judges this ?

I've seen best curry restaurant awards and dined in these restaurants asking myself why they won these accolades.
Perhaps similar to 100 out of 500 readers of some trashy glossy magazine filling a questionnaire about their free samples of caffeine shampoo or is it more sophisticated than that ?

[RogerBelmar]

19 hours ago, Pete said:

 

 

[very452001]

22 hours ago, sixgun said:

Correct

No

It varies - Chards does post on the silver forum - they do offers now and again. Atkinsons' prices include postage. HGM do sell QB's.

You need to check all the website if you reach a point you want to buy. There are no hard and fast rules on which is best value.

There are some years which have different designs - in the past bullion version were produced which had these non standard designs now only the proofs are non standard. The non standard designs are more interesting and collectible in my view. Proofs we can say are all numismatic but the none standard designs are more collectible.

Probably goldsilver.be is cheapest. You can do a search for specific years on https://gold.de for specific years and it will give the cheapest German dealer on their list. Goldsilver.be is not on the list of dealers.

All silver Britannias run the risk of developing milk spots - Salivatemetal on youtube showed a proof 5oz Britannia he had with milk spot.

Yes they do spot - not as bad as Maples. All the basic bullion coins may spot - it is completely random. i got 3 tubes of Somali Elephants and at least a whole tube developed nasty spotting. ASE can tarnish sometimes but this adds to their value.

Semi-numismatic - Perth Lunar, Kooks, Kangaroos (RAM) - (not the basic bullion Kangaroos, which spot) - Pandas don't spot in my experience but i think i have heard of some spotting.

Ok from my understanding the non standard coins nowadays are called proof coins and shall I assume the non standard coins released in the past are available to buy but at a much higher premium from the current market price?

Any possible chance to obtain previously released non standard coins for cheap or current proof coins for cheap nowadays?

Is it possible to buy newly released or future releases of proof coins or is it strictly typically 1 order per household only? Where can I see a list or release dates for upcoming proof coins?

What kind of deals do the mentioned websites typically run and usually when?

[sixgun]

44 minutes ago, very452001 said:

Ok from my understanding the non standard coins nowadays are called proof coins

No - proof coins are the best quality finish. The planchets are a better finish, the dies are a better quality and they are generally struck multiple times to achieve a better defined finish.

Quote

and shall I assume the non standard coins released in the past are available to buy but at a much higher premium from the current market price?

If we are talking about Britannias, these are available to buy and are usually at a higher price.

The first coin is a standard Britannia, the next two are non standard.

Quote

Any possible chance to obtain previously released non standard coins for cheap or current proof coins for cheap nowadays?

i bought some proof 1/4oz and 1/10oz 1988 gold Britannias from Arshimo2012 recently. Being 1988 they were the standard Britannia design. They were a good price. If you keep your eyes peeled you might be able to pick them at lower prices. Not sure about cheap though.

Quote

Is it possible to buy newly released or future releases of proof coins or is it strictly typically 1 order per household only? Where can I see a list or release dates for upcoming proof coins?

You need to follow what is being discussed on the forum. If you do, you will hear about the latest Britannias. i got the 2017 proof sovereign from Chards at a lower price than the Royal Mint. The number you can buy can sometimes be limited but usually you buy as many as you can afford. They are not cheap on the Royal Mint site - generally you can find lower prices, again this will usually mentioned on this forum. Numistacker has a youtube channel and he will often post a video as this sort of coin comes out.

Quote

What kind of deals do the mentioned websites typically run and usually when?

Deals are random - you need to visit the sites and subscribe for email alerts.

[ChardsCoinandBullionDealer]

Many thanks for mentioning Chards in the forum and I'm really happy to see we have some satisfied customers! We pride ourselves on helping customers get the best deal and not only do we have loads of products for sale (somewhere over 20,000 product lines) we have a lot of information available online to help you get to grips with gold and silver investing (links at the bottom)

A quick point on Bullion Dealer of the Year. It is run by a company called Bullion Directory and is voted for by customers. It is independently verified and bullion directory do a wonderful job weeding our false votes by bots or other methods of cheating..... Of course the main dealers enter, the competition is often close and we are very proud to have won it every year since it was started - no other dealers have won it yet! BbP claim No.1 Online dealer from hitwise traffic reports not through any customer votes......if you follow the asterix on their logo it clarifies things - * Source: Experian Hitwise - UK Internet Visits (March 2017 - March 2018). Likely boosted by their full on google advertising and TV campaigns which customers end up footing the bill for.....

Hopefully this year we can make it 5 years on the run for our family business! 

If you do have any questions feel free to give us a call on 01253 343081.  Don't forget we are bricks and mortar too on the off chance you would like to pop in for a chat - no appointment necessary.

Final note - we do have a promotion running in the first quarter of 2019 so keep your eyes peeled or join our mailing list

Hope everyone has a good new year and see you on the other side. 

Thanks, Ian 

 

Gold Guide - https://www.chards.co.uk/blog/buying-advice-and-information/a/gold

Silver Guide - https://www.chards.co.uk/blog/buying-advice-and-information/a/silver

 

 

 

 

[very452001]

19 hours ago, sixgun said:

No - proof coins are the best quality finish. The planchets are a better finish, the dies are a better quality and they are generally struck multiple times to achieve a better defined finish.

If we are talking about Britannias, these are available to buy and are usually at a higher price.

The first coin is a standard Britannia, the next two are non standard.

i bought some proof 1/4oz and 1/10oz 1988 gold Britannias from Arshimo2012 recently. Being 1988 they were the standard Britannia design. They were a good price. If you keep your eyes peeled you might be able to pick them at lower prices. Not sure about cheap though.

You need to follow what is being discussed on the forum. If you do, you will hear about the latest Britannias. i got the 2017 proof sovereign from Chards at a lower price than the Royal Mint. The number you can buy can sometimes be limited but usually you buy as many as you can afford. They are not cheap on the Royal Mint site - generally you can find lower prices, again this will usually mentioned on this forum. Numistacker has a youtube channel and he will often post a video as this sort of coin comes out.

Deals are random - you need to visit the sites and subscribe for email alerts.

Thank you again for your detailed helpful reply. 

Just to clarify for my understanding theres 4 versions of a coin (cheap to most expensive order?):

- Standard

- Non-Standard

- Proof

- Planchets

 

[very452001]

7 hours ago, ChardsCoinandBullionDealer said:

Many thanks for mentioning Chards in the forum and I'm really happy to see we have some satisfied customers! We pride ourselves on helping customers get the best deal and not only do we have loads of products for sale (somewhere over 20,000 product lines) we have a lot of information available online to help you get to grips with gold and silver investing (links at the bottom)

A quick point on Bullion Dealer of the Year. It is run by a company called Bullion Directory and is voted for by customers. It is independently verified and bullion directory do a wonderful job weeding our false votes by bots or other methods of cheating..... Of course the main dealers enter, the competition is often close and we are very proud to have won it every year since it was started - no other dealers have won it yet! BbP claim No.1 Online dealer from hitwise traffic reports not through any customer votes......if you follow the asterix on their logo it clarifies things - * Source: Experian Hitwise - UK Internet Visits (March 2017 - March 2018). Likely boosted by their full on google advertising and TV campaigns which customers end up footing the bill for.....

Hopefully this year we can make it 5 years on the run for our family business! 

If you do have any questions feel free to give us a call on 01253 343081.  Don't forget we are bricks and mortar too on the off chance you would like to pop in for a chat - no appointment necessary.

Final note - we do have a promotion running in the first quarter of 2019 so keep your eyes peeled or join our mailing list

Hope everyone has a good new year and see you on the other side. 

Thanks, Ian 

 

Gold Guide - https://www.chards.co.uk/blog/buying-advice-and-information/a/gold

Silver Guide - https://www.chards.co.uk/blog/buying-advice-and-information/a/silver

 

 

 

 

Hi there what kind of promotion will you be running in the first quarter of 2019? Also are online prices different to instore prices and are your prices open to negotiation for a bulk purchase?

Finally regarding your 2019 promotion will it affect by the market prices then? For example you may have a 50% off promotion however gold/silver market prices may go up by 50% then so how do bullion dealers in general run promotions when the prices are influenced by market prices that can change in any one moment?

[sixgun]

30 minutes ago, very452001 said:

Thank you again for your detailed helpful reply. 

Just to clarify for my understanding theres 4 versions of a coin (cheap to most expensive order?):

- Standard

- Non-Standard

- Proof

- Planchets

Planchets are the metal discs coins are minted from.

The quality of coins as far as you are concerned at this stage is divided into bullion and proof quality.

Proof are top quality - you pay a lot more than the metal value of the coins. The excess over metal value is the premium.

Bullion quality are a lower quality and so you pay less premium over the metal value.

Some coins are minted with the same design year after year - such as the ASE American Silver Eagle, the Austrian Philharmonic, the Australian Kangaroo. In recent years the Royal Mint has issued bullion Britannias with the same design. There have been variations in the coin but it is the same basic design. i have called this the standard design. This has not always been the case. Different designs (non-standard) have appeared on the bullion coins in the past. These are more collectible and so command a higher premium.

Proof Britannias may use the standard design in some years but recently we have seen what i call non-standard designs. These command a high premium. Standard and non-standard is my term, i am not sure if it is used elsewhere but i used it to distinguish between coin designs.

Occasionally sovereign have non-standard designs.

If you want to buy coins now i would get some bullion sovereigns where you aren't paying a big premium over the value of the gold. Aim to hold these - so use money you don't need in a hurry, but if you did need it you would be able to sell sovereigns very quickly for example on the forum.

i would advise you do not to get into anything proof at this stage. Get some gold as sovereigns and start reading a lot. When you have learnt more you could branch out.

ps no dealer does ' For example you may have a 50% off promotion..' - you might get an handful percentage off if you are lucky. A keenly priced dealer doesn't have that much margin to play with.

[ChardsCoinandBullionDealer]

@very452001 - Each promotion we run is often very different. Sometimes we simply offer more items on our special offers page if we manage to source a good deal. Alternatively if we have accumulated too much stock of certain products we will do a larger sale. This was the case recently in our "Bonanza" sale where many silver forum members took advantage. Many collectable and usual coins were offered at great premiums!

50% off doesn't really apply to bullion purchases and we wouldn't do a site wide slash like that as each product are bought for varying premiums. Often premiums are simply reduced and as  @sixgun correctly states margins are usually very tight at the best of times. Prices will always be above spot as we are not in the business of giving away stock haha

Ill let you in on 2019 promotions - we have been counting bullion stock and world coins for the best part of two years now but getting photographs and product pages done is a mammoth task. Expect a range of very unusual coins and collections alongside our usual bullion offers.

 

Ian

[very452001]

9 hours ago, ChardsCoinandBullionDealer said:

@very452001 - Each promotion we run is often very different. Sometimes we simply offer more items on our special offers page if we manage to source a good deal. Alternatively if we have accumulated too much stock of certain products we will do a larger sale. This was the case recently in our "Bonanza" sale where many silver forum members took advantage. Many collectable and usual coins were offered at great premiums!

50% off doesn't really apply to bullion purchases and we wouldn't do a site wide slash like that as each product are bought for varying premiums. Often premiums are simply reduced and as  @sixgun correctly states margins are usually very tight at the best of times. Prices will always be above spot as we are not in the business of giving away stock haha

Ill let you in on 2019 promotions - we have been counting bullion stock and world coins for the best part of two years now but getting photographs and product pages done is a mammoth task. Expect a range of very unusual coins and collections alongside our usual bullion offers.

 

Ian

 

Ok great looking forward to it thanks 😊

[RogerBelmar]

On 28/12/2018 at 11:37, ChardsCoinandBullionDealer said:

Many thanks for mentioning Chards in the forum and I'm really happy to see we have some satisfied customers! We pride ourselves on helping customers get the best deal and not only do we have loads of products for sale (somewhere over 20,000 product lines) we have a lot of information available online to help you get to grips with gold and silver investing (links at the bottom)

A quick point on Bullion Dealer of the Year. It is run by a company called Bullion Directory and is voted for by customers. It is independently verified and bullion directory do a wonderful job weeding our false votes by bots or other methods of cheating..... Of course the main dealers enter, the competition is often close and we are very proud to have won it every year since it was started - no other dealers have won it yet! BbP claim No.1 Online dealer from hitwise traffic reports not through any customer votes......if you follow the asterix on their logo it clarifies things - * Source: Experian Hitwise - UK Internet Visits (March 2017 - March 2018). Likely boosted by their full on google advertising and TV campaigns which customers end up footing the bill for.....

Hopefully this year we can make it 5 years on the run for our family business! 

If you do have any questions feel free to give us a call on 01253 343081.  Don't forget we are bricks and mortar too on the off chance you would like to pop in for a chat - no appointment necessary.

Final note - we do have a promotion running in the first quarter of 2019 so keep your eyes peeled or join our mailing list

Hope everyone has a good new year and see you on the other side. 

Thanks, Ian 

 

Gold Guide - https://www.chards.co.uk/blog/buying-advice-and-information/a/gold

Silver Guide - https://www.chards.co.uk/blog/buying-advice-and-information/a/silver

 

 

 

 

Unfortunately, some malicious individual or customer has posted a fake negative review on TrustSpot in my name. The review dated 28 December 2018 falsely claims under the name of Roger B that “I recently bought four sovereigns, for Christmas presents” which is not the case. I’ve experienced nothing but exceptional service from Chards. It’s a very serious and fraudulent matter when someone posts a fake review to a reputable bullion dealer in order to slander their reputation.

[very452001]

Ok which designs of the gold queen beast is the most popular for collectors and also are the Kook 1oz 2019 silver coins milk spot free?

[lightjaw]

Hi Very, welcome to the forum. I dont get to post as much as i used to here, too much going on in life, but thought i would throw my 2p in. I see you mention Capitol Gains Tax, which is one of my personal bug bears, so thought i would give you a quick few thoughts.

 Capitol Gains Tax (CGT). Most new stackers/collectors seem to get caught up in the idea of this as it seems a no brainer at the time. The reality is however that unless you are planning to spend a lot...and i mean a LOT on PMs...then CGT is unlikely to be an issue. In fact, it is really more of a sales tool by bullion dealers. I am not saying what they say about CGT is incorrect, it isnt, but it is unlikely to apply to you. Chards, as per above are a reputable company and they are quite right to say that some coins are CGT free, but for the smaller/beginner stacker it may not be an issue. Let me explain.

So, Mr Very decides to invest in precious metals (good for him/her!). He goes to a bullion dealer and buys £10,000 worth of lets say gold in the form of CGT free sovereigns. The next day, oh lordy a miracle occurs. The price of gold has doubled over night! My Very thinks "right, sod this i fancy sitting round a swimming pool drinking rum for a week, i am off to the bullion dealers to sell my coins and cash out!". Off he trots. Now, first thing first. The bullion dealer isnt going to give him £20,000 for his coins. He is more likely to give him £19,600 (98% of spot) as the bullion dealer makes his money from the difference between what he pays for gold, and what he sells it for (the spread). This does vary from company to company but this isnt unusual. Still, thinks Mr Very, thank God i bought sovereigns or i would have been taxed on my profit! (£9,600).      Wrong.     The capitol gains tax threshold is £11,700. So he could have bought Azerbaijani gold bulls privates and still not have had to pay CGT as the threshold is for the profit made, not the full amount. Also, Mr Very may wish to spread his sales, as the CGT threshold is per year.

This leads to another point. Lets say the Sovereigns that Mr Very bought totalled to 40 sovereigns (i know i know, this isnt precise...bear with me) which equates to say 10 ounces of gold. The bullion dealer, when he buys them back from you MAY only pay you on the weight of the gold, not the premium you paid for a specific type of coin. It can often make more sense therefore to buy the most gold in WEIGHT that you can, for the cheapest price closest to spot as that is likely what you will be paid back if you go down this route. If Mr Very had bought the gold bulls tackles he may have ended up with 10.5 ounces of gold for the same cost, meaning he would have got more back when he came to cash in.

TLDR version

1) Buy whatever the hell you want as long as it is closest to spot as you can get it

2) Unless you have a lot to invest or plan on spending a lot over the years, dont get caught up over CGT. It might not matter.

Hope that helps, and that i didnt come across as a knob!

[lightjaw]

I should also mention that for some people CGT IS an issue. For these people however they may stagger their sales, sell privately etc etc. I am in no way advocating that people avoid paying tax if it is owed, but there are intelligent ways to work around the issue should they wish.

It isnt a bad thing to buy a CGT free coin, often they are very competitively priced compared to other coins. It just gets on my wick that new stackers get sucked in by the idea of CGT coins even if they are only spending £500 a year on PMs, because they dont understand CGT and could have bought more for the same price if they had known. i know, because i did the same at the start of my PM collecting "career".

Cheers

[very452001]

Hi another question where do these gold & silver dealers buy their wholesale orders from? Do UK dealers pay VAT on silver for their silver wholesale orders and shall I assume wholesale prices are current market/spot prices? 

As a private individual can I buy from wholesale to avoid paying retail and instead pay the market/spot price?

[Achillies]

Hi, I just wanted to add that watching YouTube, particularly people like Backyard Bullion has helped my understanding a lot and would definitely be worth a go.