Provident metals

[MikeG1978]

Has anybody seen their prices so cheap

I was gutted to see USA and Canada are the only shipping addresses I reckon if they did overseas they would be inundated 

[ilovesilverireallydo]

In the US Silver is cheap, there are even cheaper sources than Provident.

the minute they land here if they shipped, you would be hit with VAT and Customs AND. Royal Mail £8 handling fee. 

[MikeG1978]

True what if I go on holiday and bring it back 😎

[AppleZippoandMetronome]

It is hard to imagine there being a massive surge if they opened up shipping outside of Canada and the US. The shipping rates would bring up the per/oz cost massively then you'd get slapped with VAT upon import (at least in UK and possible other parts of Europe). Once you add up all the fees you'd have to pay it really wouldn't be an attractive option.

I really think there is a general misconception with regards to silver cost in the US vs EU. You can get cheap silver here - it isn't as elusive as people would have you believe. I've done a check numerous times seeing where I could get the cheapest tube of Silver 1oz Maples and between checking main US & Canadian dealers against Goldsilver.be and the European Mint. The European Mint consistently comes back as the cheapest. You will have to pay shipping - though joining the group order offsets this - but for just the silver cost they come out cheaper.

The big difference is there seems to be greater selection in the US and a lot of the bars that command a premium here don't there so I guess it comes down to what you want. The US  & Canadian dealears also offer free shipping above a certain threshold which the big EU silver dealers don't. If you just want to stack weight though it can be done here at similar cost.

[MikeG1978]

I do want to stack weight at some point but not sure where to get it close to spot -new to all this 

[JunkBond]

The forum is the best place for silver deals but you gotta be quick. 😉

[KitboyE17]

40 minutes ago, MikeG1978 said:

True what if I go on holiday and bring it back 😎

I have successfully brought back a few ounces of PM from the US. Kept the receipts in my hand luggage incase required. But wasn’t stopped so have every confidence in doing it again. I guess if one is too greedy .... 

[MikeG1978]

True I may start buying in bulk and seeing if I can swap or sell to get a good mix 

[ilovesilverireallydo]

I started my stack with Junk silver. It’s the closest to spot and a good way to amass the metal cheap

[AppleZippoandMetronome]

And here is a comparison for you - as I needed a distraction from work this morning 😂. I compared the cost of three main 1oz coins - Silver Maple, Silver Eagle, Silver Britannia. I compared the cost for each coin if you bought just one or bought 25 (though you can get away with the lower cost on the ASE at 20 vs 25). The values I used are the cash/bank transfer values and I took each native currency and converted using xe.com. For the sake of the comparison I picked 2 US dealers, 2 Canadian dealers and the 2 popular EU dealers. As you can see the price for the silver only is cheaper at both the EU dealers than the US or Canadian ones. Free shipping offered by US dealers to US customers will make the grand total cheaper but that is only of benefit to US customers and again using the group order will bring UK shipping substantially down.

 

[sovereignsteve]

Cross state sales tax seems to be on the increase as well. Does this apply to silver?

[MikeG1978]

Silver to go and coininvest get around this admitted not as cheap but cheaper than uk

[Abyss]

25 minutes ago, AppleZippoandMetronome said:

I compared the cost of three main 1oz coins - Silver Maple, Silver Eagle, Silver Britannia.

I always thought that the European Mint is very competitive with price of standard Silver government minted bullion but have had the opinion dealers in the US were were slightly cheaper. Thanks @AppleZippoandMetronome for carrying out the comparison. Factor in eBay bucks and flash promotional deals in the US and only buying at these times then US more competitive in price.

[KevjustKev]

Think I'm right in thinking that if you bring back Brittiania's you can get round any import tax. As there are from the UK and have a real face value. My well be wrong though.

[gazer]

Good information, but like a landmine trying to figure out the full cost by the time it is in your hands.

[ilovesilverireallydo]

16 minutes ago, tallthinkev said:

Think I'm right in thinking that if you bring back Brittiania's you can get round any import tax. As there are from the UK and have a real face value. My well be wrong though.

 Nope. They are still taxed

[AppleZippoandMetronome]

41 minutes ago, Abyss said:

I always thought that the European Mint is very competitive with price of standard Silver government minted bullion but have had the opinion dealers in the US were were slightly cheaper. Thanks @AppleZippoandMetronome for carrying out the comparison. Factor in eBay bucks and flash promotional deals in the US and only buying at these times then US more competitive in price.

The US definitely still has some advantages like those mentioned as well as spot price deals that seem to come up regularly from dealers there. That being said I have heard of new taxing in certain states though admit I don't know enough about that to comment further. I think it is good to compare common items though and when done you can see that we have access to silver at very competitive prices. Though of course for those of us in the UK this will only last as long as we are able to buy from the EU dealers without having to pay import fees. The UK dealers as we all know are completely uncompetitive for silver.

On the note of importing silver when flying to US - you can bring back silver coins/bars but they are counted as general goods and their value (actual value as in what they cost you vs face value) is counted towards your general goods allowance which is £390 at the time of writing. Bring back coins/bars worth in excess of £390 and you are liable to pay VAT on top.

There is no exemption for silver Britannias or any silver coins minted in the UK. If there were you wouldn't be charge VAT to buy those in the UK. They are counted the same as any other silver coin and you'll still pay VAT if you go over your allowance.

[Moocher]

SD BULLION doing 20 1oz rounds for £244 delivered,£12.25 per oz

 

[Frost]

6 hours ago, AppleZippoandMetronome said:

And here is a comparison for you - as I needed a distraction from work this morning 😂. I compared the cost of three main 1oz coins - Silver Maple, Silver Eagle, Silver Britannia. I compared the cost for each coin if you bought just one or bought 25 (though you can get away with the lower cost on the ASE at 20 vs 25). The values I used are the cash/bank transfer values and I took each native currency and converted using xe.com. For the sake of the comparison I picked 2 US dealers, 2 Canadian dealers and the 2 popular EU dealers. As you can see the price for the silver only is cheaper at both the EU dealers than the US or Canadian ones. Free shipping offered by US dealers to US customers will make the grand total cheaper but that is only of benefit to US customers and again using the group order will bring UK shipping substantially down.

 

you can check live prices here https://findcoinonline.com/compare-prices

bulk prices also included as well as free shipping and payment options

[Bimetallic]

8 hours ago, MikeG1978 said:

Has anybody seen their prices so cheap

I was gutted to see USA and Canada are the only shipping addresses I reckon if they did overseas they would be inundated 

Silver.com and SD Bullion are the two lowest priced dealers in the US mate, and probably the world given their scale and the lack of a VAT/GST on silver in the US. They're significantly cheaper than Provident. Not sure about their international shipping.

Lately, Silver.com wins more often than SD Bullion as far as absolutely lowest price, but it's worth checking both.

I have an article up on getting the best prices. The specific prices from that article are of course no longer current, but the relative standing of various American dealers is fairly stable, so it's worth taking a look and at the spreadsheet that is linked in the article: https://medium.com/@ValidScience/pay-less-4b6482263c6e

BOLD Precious Metals, JM Bullion, and Gainesville Coins are also worth a look. BOLD and Gainesville are generally cheaper than Provident. It's a closer call with JM Bullion, but sometimes JMB has a good price. JMB owns Silver.com, so they're like Good Cop / Bad Cop, where Silver.com cements its place for the best prices and JM Bullion sells at slightly higher prices with more selection.

[AgCoyote]

11 hours ago, sovereignsteve said:

Cross state sales tax seems to be on the increase as well. Does this apply to silver?

Depends on the state. Arizona is extremely enlightened on precious metals so I pay no sales tax.

 

Provident often has extremely good deals. Generally Bold and SDBullion will be cheaper on most items, but Provident often has sales that are much lower. I got some more 2 oz. Koala Piedforts for just 1.69 over spot. Monument Metals is also very good.

[AgCoyote]

SD Bullion and BOLD do ship internationally.

[Wackattak924]

17 hours ago, MikeG1978 said:

True what if I go on holiday and bring it back 😎

Go for it. I recently visited Florida and brought back 40 oz. I got taken to the side by security and was asked if I had coins in my bag. A quick check of what I had and I was on my way. Paid an average of $1 over spot. Will definitely be buying again next time I'm in the States.

[STONE]

On 07/06/2019 at 04:22, sovereignsteve said:

Cross state sales tax seems to be on the increase as well. Does this apply to silver?

Yes. It varys from state to state though. Where I live, silver bars and rounds are tax free but anything marked with a denomination is NOW taxed.

https://www.jmbullion.com/tax/

[DarkChameleon]

On 07/06/2019 at 04:10, MikeG1978 said:

True what if I go on holiday and bring it back 😎

Then your be trying to avoid taxes and not good...if someone brought it over for you then they'd be assisting you in avoiding taxes and duties...onky way around it is if you were american and bought something for gifts then your fine...but there's a limit to the amount if gifts value you can bring to a country before you get hit with taxes and duties at the airport, it's like cigarettes.