closed US Mercury silver dimes - price correction

[Gilver]

For sale: US Mercury silver dimes - 50 pieces
Shipping from: Croatia
Shipping to: UK & Europe
Shipping type: Registered airmail signed for

Price:  £80 £70 (Paypal F&F) shipped or £83 £73 (Paypal G&S) shipped

Edited November 3, 2016 by Gilver

[UKSilver]

I'm not familiar with these. What's the silver content? Thanks

[Gilver]

3 hours ago, UKSilver said:

I'm not familiar with these. What's the silver content? Thanks

90% 

 

[ifing]

3 hours ago, UKSilver said:

I'm not familiar with these. What's the silver content? Thanks

Here you have some info on them:

http://en.numista.com/catalogue/pieces51.html

[UKSilver]

6 hours ago, seXes said:

Here you have some info on them:

http://en.numista.com/catalogue/pieces51.html

Thanks!

[Webster]

What's the total weight? due to wearing etc

Edited October 26, 2016 by Webster

[Gilver]

5 hours ago, Webster said:

What's the total weight? due to wearing etc

121,6 grams 90% silver -> 109,4 grams ASW -> lost due to wearing 3,1 grams

[Webster]

Too high of premium for me I thinks

[Gilver]

7 hours ago, Webster said:

Too high of premium for me I thinks

I think that you are right but I am greedy so I am excused.

Lets see my huge profit:

 £80,00 price

-£51,41 spot/market value
-£20,00 VAT (25% - unbelievable but true)
-£ 7,50 postage
-£ 0,50 packing material
_________________________
 £ 0,59 my profit (spot price based)

Yabadabadoooo, now I can plan my early retirement   "me thinks"

Edited October 27, 2016 by Gilver

[Webster]

I am not saying you are greedy at all my friend, I am just saying I can get pre 1947 silver coins below spot over here.

[Gilver]

15 minutes ago, Webster said:

I am not saying you are greedy at all my friend, I am just saying I can get pre 1947 silver coins below spot over here.

I didn't think you were saying that, I just made joke on my expense. Of course, localy you can almost always find better deals. As numismatist I find a bit hard to sell coins just for silver weight.

[morezone]

With VAT built into your calculations, does that mean this is a business sale?

[Gilver]

47 minutes ago, morezone said:

With VAT built into your calculations, does that mean this is a business sale?

No it's not business sale, but in my country any sale is considered income so it's added to citizens annual income and it's subject to taxation yearly. So I have to pay it eventually. Businesses have obligation to incorporate VAT in sale price immediately and pay it monthly.

[morezone]

30 minutes ago, Gilver said:

No it's not business sale, but in my country any sale is considered income so it's added to citizens annual income and it's subject to taxation yearly. So I have to pay it eventually. Businesses have obligation to incorporate VAT in sale price immediately and pay it monthly.

So income tax then and not VAT.  Although the same %, when you state VAT it would be associated with business sales hence the question.

[sovereignsteve]

1 hour ago, Gilver said:

No it's not business sale, but in my country any sale is considered income so it's added to citizens annual income and it's subject to taxation yearly. So I have to pay it eventually. Businesses have obligation to incorporate VAT in sale price immediately and pay it monthly.

So do you get to offset any purchases against sales for tax purposes?

[Gilver]

1 minute ago, sovereignsteve said:

So do you get to offset any purchases against sales for tax purposes?

No, unfortunately few years ago government abolished tax deductions for citizens except for basic income. To sweeten a deal they first changed VAT from 22% to 23% but that wasn't round number so they changed it to 25% probably for easier calculations

[Gilver]

bump

[Gilver]

Price correction before withdrawal.