I have read that "silver bullion" is liable for VAT in the UK, but "second hand / circulated" "coins" are not. Does anyone know any more detail about what constitutes "second-hand" and "coins". What about silver rounds?
Does it make a difference if I buy from a private individual versus a wholesaler? What about if I buy from the USA (eBay)?
Essentially, I'm trying to work out the cheapest way to buy small quantities of bullion bars / coins / rounds. US eBay is much cheaper, even with more expensive postage, but will I be stiffed with a huge VAT / import duty charge on everything / only certain types / or none?
Sorry for the rambling questions! Any info appreciated - particularly if anyone else has bought from the US.
You could try looking over Chards website, they used to have a section on investment silver.
www.24carat.co.uk (I have found them very slow to respond to emails in the past).
You might also try a google search for pre-decimal British coins. Some of these were 50% silver, its possible to find coin dealers offloading piles of worm examples as bullion. (I think Cards used to sell 10KG bags of these).
(You need to be carefull on ebay - theres a lot of silver plated lead about)
SILVER
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You could try looking over Chards website, they used to have a section on investment silver.
www.24carat.co.uk (I have found them very slow to respond to emails in the past).
You might also try a google search for pre-decimal British coins. Some of these were 50% silver, its possible to find coin dealers offloading piles of worm examples as bullion. (I think Cards used to sell 10KG bags of these).
(You need to be carefull on ebay - theres a lot of silver plated lead about)