ziknik Posted January 9, 2009 Report Share Posted January 9, 2009 well, they will charge you vat first (15%). Then they will charge you for importing silver from the US. Then they will charge you the handling fee (usually £8). the best way is to find someone off ebay who will describe the silver as something else and put a lower value on it. Are you sure they charge a Import & Handling Fees? I didn’t come across any charges when I last looked up importing silver (orther than VAT). I have never bought from outside the EU myself. Link to comment Share on other sites More sharing options...
aardvark Posted January 9, 2009 Report Share Posted January 9, 2009 Are you sure they charge a Import & Handling Fees? I didn’t come across any charges when I last looked up importing silver (orther than VAT). I have never bought from outside the EU myself. silver is one of the items that carries extra duty if it comes from the US - something to do with a trade disagreement we had a while ago. I think its mentioned on the chard website and i have personally been stung by it. Link to comment Share on other sites More sharing options...
nicejim Posted January 9, 2009 Report Share Posted January 9, 2009 Was it you who posted a pic of a one kilo coin? It was a good pic on the palm of the hand giving a sense of the size. What are the dimensions of these coins? That was me. I'm not sure of the dimensions but I'll measure it tonight if I can remember to. I tried posting it again but I can't work out how to reference an existing attachement and the forum software tells me that dynamic pages in the IMG tags are not allowed. Here's the link though... http://www.greenenergyinvestors.com/index....post&id=789 CID were charging 7% VAT at the time I bought it. Link to comment Share on other sites More sharing options...
ziknik Posted January 9, 2009 Report Share Posted January 9, 2009 silver is one of the items that carries extra duty if it comes from the US - something to do with a trade disagreement we had a while ago. I think its mentioned on the chard website and i have personally been stung by it. Thanks for the information. I didn’t know silver from USA has different import charges Link to comment Share on other sites More sharing options...
aardvark Posted January 9, 2009 Report Share Posted January 9, 2009 That was me. I'm not sure of the dimensions but I'll measure it tonight if I can remember to. I tried posting it again but I can't work out how to reference an existing attachement and the forum software tells me that dynamic pages in the IMG tags are not allowed. Here's the link though... http://www.greenenergyinvestors.com/index....post&id=789 CID were charging 7% VAT at the time I bought it. i got one as well - the kooks etc are slightly smaller diameter and slightly thicker than the libertads. The 1kg coins are really impressive though - i'm sure they will be the last bit of silver to go when i eventually sell. Link to comment Share on other sites More sharing options...
wren Posted January 9, 2009 Report Share Posted January 9, 2009 I am curious to why you think that won't happen. We are in a time of great volatility, the GS ratio ranged between around 45 to 83 last year. All i think it would take is a short term squeeze on the very limited silver supply. I'm not saying it won't happen this year, only that I wouldn't bet on it. Longer term, maybe next year, I think it is quite likely. We need to be patient. 2008 was a lesson for many of us and we need to be prepared for long sideways periods. Having said that I am optimistic about 2009. I think a big upleg to USD 1200 is likely and maybe even USD 1400, but whether in the 1st half or end of this year I don't know. Link to comment Share on other sites More sharing options...
FWIW Posted January 9, 2009 Report Share Posted January 9, 2009 I have a feeling this will be a good month for silver. Have a look here: http://www.britishbulls.com/StockPage.asp?...cials&TYP=S Could obviously be totally wrong (or ppt in full effect) but just maybe! Link to comment Share on other sites More sharing options...
nicejim Posted January 9, 2009 Report Share Posted January 9, 2009 1kg Libertad approximate dimensions: Depth: 1.2cm Diameter: 10.8cm Weight: ummmm... Link to comment Share on other sites More sharing options...
wren Posted January 9, 2009 Report Share Posted January 9, 2009 1kg Libertad approximate dimensions: Depth: 1.2cm Diameter: 10.8cm Weight: ummmm... Quite thick monsters. Do they come in a presentation case or just in a plastic bag? Link to comment Share on other sites More sharing options...
nicejim Posted January 9, 2009 Report Share Posted January 9, 2009 Quite thick monsters. Do they come in a presentation case or just in a plastic bag? Mine came in a stury coin case, tightly fitting the coin so there's no rattle. It makes a great paperweight. Link to comment Share on other sites More sharing options...
id5 Posted January 10, 2009 Report Share Posted January 10, 2009 ... Can someone please tell me if there's anything wrong in what i've said, because if not, i think i'll be buying some from First Majestic? And again, does anyone think there would be much of a problem selling First Majestic coins? thanks in advance There is no longer any extra charge on imports from the US, this was suspended in 2005 but you still cannot import it from Myanmar. You have to pay VAT and unless you get a certificate from HMRC to say that the VAT has been pre-paid or deferred then the courier will charge you the VAT plus a collection fee. see link and link The reality is that if you import coin bring in Eagles or Libertads otherwise bring in bar. Basic silver rounds seem like a good idea but the only place to sell them and get good value are places like eBay. If you buy them for investment, then when you try to sell them on you will get 70% - 80% of the value as they will have to be assayed, bar for assay is better and cheaper to process. Link to comment Share on other sites More sharing options...
Pixel8r Posted January 11, 2009 Report Share Posted January 11, 2009 I'm not saying it won't happen this year, only that I wouldn't bet on it. Longer term, maybe next year, I think it is quite likely. We need to be patient. 2008 was a lesson for many of us and we need to be prepared for long sideways periods. Having said that I am optimistic about 2009. I think a big upleg to USD 1200 is likely and maybe even USD 1400, but whether in the 1st half or end of this year I don't know. Here's a report by David Morgan that may put a different perspective on your current thinking. http://www.ibtimes.com/articles/20090108/s...s-and-views.htm I think silver is a leveraged version of the price movements in gold. You agree that gold may well get to $1400 this year, where would that put silver, at that time, in you opinion? I think it would mean that silver would be at about $26 per ounce. I think as gold moves down silver moves down more, so the G:S ratio get bigger. But equally as gold improves silver improves more, so the ration gets lower. I do not think that what that is going on at the moment (deflation scare) has changed this relationship that they seem to have. Link to comment Share on other sites More sharing options...
warpig Posted January 11, 2009 Report Share Posted January 11, 2009 Here are the 3 coins previously mentioned. I would have to say the picture still doesn't do the coins justice in either finish or size, they are perfectly finished and BIG. Link to comment Share on other sites More sharing options...
electroweak Posted January 11, 2009 Report Share Posted January 11, 2009 gee, they sure look purty and shiny compared to them bars! Link to comment Share on other sites More sharing options...
Pixel8r Posted January 11, 2009 Report Share Posted January 11, 2009 Here are the 3 coins previously mentioned. I would have to say the picture still doesn't do the coins justice in either finish or size, they are perfectly finished and BIG. Out of interest, which do you find the best? Link to comment Share on other sites More sharing options...
warpig Posted January 11, 2009 Report Share Posted January 11, 2009 If you mean which out of the 3 is my favourite, then I would order them Kookaburra, Lunar and then the Koala, but it's close. If you mean 1KG coins over bars, the coins win hands down, but again it's fairly close. Bars are of course more practical and I like the historical look of a nice tarnished silver bar. Out of interest, which do you find the best? Link to comment Share on other sites More sharing options...
Pixel8r Posted January 11, 2009 Report Share Posted January 11, 2009 If you mean which out of the 3 is my favourite, then I would order them Kookaburra, Lunar and then the Koala, but it's close. If you mean 1KG coins over bars, the coins win hands down, but again it's fairly close. Bars are of course more practical and I like the historical look of a nice tarnished silver bar. Thanks I will look out for a Kookaburra as my first 1 KG coin, which will please Steve I am sure Link to comment Share on other sites More sharing options...
notanewmember Posted January 11, 2009 Report Share Posted January 11, 2009 Dont touch em' with your hands! The moisture from your hands will happily ruin the surface. Always wear gloves if you must handle them, and keep them in their original containers. I think thats why dealers offer low prices when they buy them off you - because silver tarnishes. Link to comment Share on other sites More sharing options...
warpig Posted January 11, 2009 Report Share Posted January 11, 2009 I haven't and I won't, don't worry! I do however handle the bars as much as possible with my hands, they look good tarnished. Dont touch em' with your hands! The moisture from your hands will happily ruin the surface. Always wear gloves if you must handle them, and keep them in their original containers. I think thats why dealers offer low prices when they buy them off you - because silver tarnishes. Link to comment Share on other sites More sharing options...
aardvark Posted January 11, 2009 Report Share Posted January 11, 2009 I haven't and I won't, don't worry! I do however handle the bars as much as possible with my hands, they look good tarnished. the background of the koala looks smooth - is that right? the 1ozers have a faceted background. i have the kook and the lunar and the kook is definitely the best. Link to comment Share on other sites More sharing options...
notanewmember Posted January 11, 2009 Report Share Posted January 11, 2009 Lol I notice Airedale are running low - they did have maples and eagles - all gone Weightons, nearly all big coins, gone, big bars, gone Goldline - pretty much out I think its a matter of weeks before there'll be nothing - only 2009 stuff. Link to comment Share on other sites More sharing options...
warpig Posted January 11, 2009 Report Share Posted January 11, 2009 Yes, It is perfectly smooth and frosted for lack of the correct terminology. If they did a 1KG panda I would be all over that like a rash. the background of the koala looks smooth - is that right? the 1ozers have a faceted background. i have the kook and the lunar and the kook is definitely the best. Link to comment Share on other sites More sharing options...
wren Posted January 11, 2009 Report Share Posted January 11, 2009 I think silver is a leveraged version of the price movements in gold. You agree that gold may well get to $1400 this year, where would that put silver, at that time, in you opinion? I think it would mean that silver would be at about $26 per ounce. I think as gold moves down silver moves down more, so the G:S ratio get bigger. But equally as gold improves silver improves more, so the ration gets lower. I do not think that what that is going on at the moment (deflation scare) has changed this relationship that they seem to have. Yes, but I try not to get overoptimistic. 1400/26 = 53.85 While 1400 might be possible, I'd say I think that 1200 is likely by year's end. 1200/50 = $24 for silver 1200/80 = $15 1200/100 = $12 I'm prepared to see the gold/silver ratio stay high. Given the onset of severe recession now, the reduced industrial demand for silver might keep the ratio high for quite some time. I'm not saying it probably will, but it seems quite possible. I keep an open mind and, as I said, I try not to get too optimistic. $1200 and $15 this year wouldn't be bad and higher, which is quite possible, I would regard as a bonus. $1500 and $30 would be great but maybe that's for 2010 or 2011. Link to comment Share on other sites More sharing options...
ziknik Posted January 11, 2009 Report Share Posted January 11, 2009 Does anyone know a good place to get scrap silver coins? I phoned Chards, but they said they are not selling them at the moment because they haven’t got enough time to sort them into bags. Link to comment Share on other sites More sharing options...
moroboshi Posted January 11, 2009 Report Share Posted January 11, 2009 I'm going to be getting some silver soon, but even after reading through many of the topics on here, I'm still a bit unsure of whether to go for physical or the GM route. Latter is better from the price point of view, but I'd really like to have a bit of physical stashed as well (and the coins are so nice!) though the markups plus VAT are pretty steep. Perhaps a mixture of the two? Got to get me a 1kg Kookaburra Link to comment Share on other sites More sharing options...
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