@Rekless, I have experience of the UK, and I recommend you buy from The Guernsey Mint in Guernsey. As you know, there is no VAT in the channel islands, so you don’t pay it. The Mint is a 5th generation family business and currently run by father and son (Bruce & Simon Russell), with a few helpers. They have all the coins and bars you would want. I sound like an advertisement for them, but I have bought quite a bit there, and I can tell you everything went very well and the service was great. I was totally new to it when I started and got all the help I needed. It’s definitely the best place for it in the UK. I also bought a few things from Bairds, London, and they are horrible to deal with and charge more. http://www.guernseymint.com. If you buy gold, Bruce comes to London every 2 weeks and will arrange to meet with you there (no VAT on gold so that is easy for him), but with silver, because VAT is chargeable on entry to UK, you must collect it, or receive it by post with the possibility that customs may realise and charge you the VAT (sometimes yes and sometimes no, in my experience, for small packages). With big amounts, you would need to go and get it. For transport of small amounts, the plane is fast, but for larger amounts, go by car on the boat from Weymouth (Condor Ferries – cheap and good). If you want to know my experiences of the transport, pls send me a message on this site with your email and I will tell you how that works aswell. Glad to be of help. Good luck.
Also, old British silver coins on ebay (92.5% and 50%). I also bought some sterling silver spoons there too – can be used for barter without much attention, as I could have inherited them from my Grandma, and not prepared at all (coins send a different message entirely)
@Marchas45 … if <1920, they are 92.5% and they sell for £1 or £1.50. If >1920 and <1946, they are 50% and sell for £1 or 75p. >1946, they are not silver. I think it’s 1946 when they stopped the silver. I am sure of the rest.
For me, taking possession wasn’t as important as getting the most silver ounces for my money. Therefore, I used GoldMoney and BullionVault to bypass the UK’s VAT rules. I also believe that the dealer markup on silver bullion is ridiculous in the UK compared to the States, and I wanted to buy as close to the post price as possible. Having said that, any silver you can buy today is cheap as chips compared to how much it’s going to cost in the future.
Having done my best to spread the word, I have a number of friends in the UK who are physically stacking. Many regularly buy from Guernsey Mint. I’ve kept tabs on their success rate. About two thirds to three quarters of small shipments slip through. Small packages are best. No more than 10 coins per order, or a single kilo bar. Metalor are great, because their kilo bars are serialised and come with a little certificate.
In my opinion, small is better than big. If silver goes to £400 an ounce, imagine trying to sell a 32 ounce kilo bar. I’d recommend that you buy Britannias, if they are available, because they are legal tender in the UK and therefore - hopefully – will be still CGT free when you sell. If you plan to liquidate overseas, Maples and Eagles are the best bet. Yes, coins are ‘expensive’, but they keep their premium when you sell privately. If at any time you can’t find Britannias, just buy any silver you can get. It’s better than buying none.
When I started a few years ago, I had some at home, some in storage at Network Securities in Guernsey, and some with goldmoney. Network Securities in Guernsey is a horrible organisation; the family that runs it (last name Goater) only cares about making money and they are unhelpful in the extreme. I changed my address after starting the storage contract, and it took them 6 months to change the address on the contract, despite all my calls, emails and letters. So I thought if this is what it’s like when all is normal, how will it be later? So I removed it all from there and have it with me now. It wasn’t just them, it was the fact that it was out of sight and in someone else’s control, and the change of address problems just brought that home to me. Goldmoney is as good as it gets for what they do, it runs just as it should, great customer service, and I trust James Turk and his son, Geoffrey, BUT, why would centralised power allow an outfit like that to continue to function, while currencies are out of action. The point is that they want chaos, and paralysis, so that a new system can be created. James Turk admits that this is his one weakness, that TPTB may not allow such autonomy during the chaos of currency collapses. It is easy to take goldmoney out of action, as it is a centralised system, but items at home are completely at your disposal. So, sadly (because I love goldmoney), I sold all I had there, and now have everything with me, and I feel alot better.
I have found the best place to buy in the uk is http://www.atkinsonsthejewellers.com still have the vat and dealers markup but prices are excellent. just bought 5 armenian noahs ark 1oz coins and even with postage it was £127 (this was on december 22 after the smack)
I wish to show my small site: http://www.bullioninvest.co.uk
I can offer great deals in multibuy option.
So if someone would like to buy 20 or more coins I can offer very good prices.
Did You find better offer then my?
No problem, write to me and I will try to give better price.
So if on my site Maple Leaf costs 21,95 pounds and You will find cheaper I will try to offer better price then other dealers.
All my coins are pack in round capsules or square lighthouse capsules.
If someone buy 20 coins I will send in tube.
I accept PayPal and payment by bank wire. Im based in UK and most products are despatch within 24 hours.
Please note that if You wish to make payment by bank wire I will give 2% discount from final price.
Just write to me that You wish to get discount in bank wire payment.
Just write to me.
Most of items I’m sending by recorded delivery packed in safety bubble envelopes.
Possible to collect items. Just write to me before You buy.
I’m living in Hertfordshire.
I look at it this way – buying silver coins directly from the Mint means that what you have is 100% legit. Whenever you want to sell it, you can do so easily because it’s a widely accepted legal tender. As for the vat amount, well that’s the price you pay for peace of mind.
I frequenty deal with a EU mainland dealer who actually keeps stock. This means near immediate shipping. Prices are level with or below the cheapest Germans.
Ask me which it is, I get a tiny commission if you mention my name but don’t like to spam.
" Crooks would be well advised to avoid my town entirely. With the exception of the welfare rats in the small section 8 apartment complex I would say 90% of town is extremely well armed. Not just a pistol or shotgun, lots and lots of large rifles, AR's, AK's... I know someone has a 50cal that can b... "Reply To: Don't telegraph your victim level…..a lesson
" I roll naked--no signs, no bumper stickers, just a few dented bumpers, scratched paint on my 9 year old RTLV (rural tank-like vehicle) OPSEC works for me. Inside Mi Cheby is the war wagon.
I love seeing cars with Obama/Biden 2008 and 2012 stickers.
Nothing in the world tells me more than ... "Reply To: Don't telegraph your victim level…..a lesson
" I was born and grew up in Colorado. I've shoveled more snow than lots of people have even seen. But I'm getting older by the day, and I'm now at the age where my metabolism has slowed so much that I just don't make a lot of body heat. Cold weather sucks, man. "Reply To: WHERE? Where would be the best place to be?
The analysis and discussion provided on SilverDoctors is for your education and entertainment only, it is not recommended for trading purposes. The Doc is not an investment adviser and information obtained here should not be taken for professional investment advice. The commentary on SilverDoctors reflects the opinions of The Doc and other contributing authors. Your own due diligence is recommended before buying or selling any investments, securities, or precious metals. We do not share in your profits, and thus will not take responsibility for your losses as well.