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Peckris 2

Coin Hoarder
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Posts posted by Peckris 2

  1. This is the gov.uk guidelines:

    VAT on exports to non-EU countries

    VAT is a tax on goods used in the EU, so if goods are exported outside the EU, you do not charge VAT. You can zero rate the sale, as long as you get and keep evidence of the export, and comply with all other laws. You must also make sure the goods are exported, and you must get the evidence within 3 months from the time of sale. This can be longer for goods that need processing before export and for thoroughbred racehorses.

    The time of sale is the earlier of the day you:

    • send the goods to your customer
    • get full payment for them


  2. 11 hours ago, PWA 1967 said:

    Sorry Peck maybe i am getting confused 😊

    Yes Auction houses will be VAT registered and has know relevance to price guides.

    However what you typed was that Auction houses add VAT to the hammer price plus the premium.

    Sorry - yes you're right, VAT is only added to the premium.

    But I stand by my assertion that this is not the slightest bit relevant to the values listed in catalogues and price guides, which are not offers to sell or relating to any one specific item.

  3. 12 hours ago, PWA 1967 said:

    I am not sure about that Peck,when you buy from a public auction unless vat registered and a business you are unable to claim it back.I doubt there would be VAT on Auction purchase as well as premium ,unless it was possibly gold ?

    I can't think of an auction house that would NOT be VAT registered? In any case, I wasn't talking about reclaiming VAT, just paying it in the first place, and its non-relevance to price guides (which is what I assume the OP was about?).

  4. 9 hours ago, Madness said:

    @RobOn an unrelated note, many of the examples of the 1787 shilling I've seen have a small raised dot in the centre of the obverse.  Is this an artifact of the manufacture process?  If so, what does it indicate about how these coins were made?

    (Apologies for leaving Rob's name there - when editing the quoted post I didn't seem able to remove it).

    You really want to track down that article in the BNJ (issue 74?) which is the most comprehensive piece on those coins that I've read.

    • Like 1

  5. Catalogues and guides that list prices are simply estimates of the coin's approximate value in whatever country / currency applies where the guide is published. Things like VAT are absolutely not relevant, as the values listed are not actual selling prices and therefore any tax would not apply.

    However, when buying from a (UK) dealer, bear in mind that VAT will be included in the price asked and may have been a factor in the price the dealer decided to sell at (also bear in mind that a dealer will only use a guide to get a rough idea of the market; his actual selling price will be gauged on

    • how much he/she paid
    • what demand there is for that particular coin
    • if there are particular buyers in mind 
    • how quickly a sale is required 

    When buying from an auction house, bear in mind that they will add VAT to the hammer price, plus whatever buyers premium applies there.

    So the most important thing to remember is that a coin guide is just that - a guide. The only value a coin has is what anyone is prepared to pay for it. Tax matters are outside the scope of guides.

  6. 8 hours ago, Madness said:

    I've found three coins on the website of "Michael Coins Ltd" that I'm interested in:

    1787 Shilling with hearts EF?/EF   75 GBP

    1787 Shilling - No dots over head EF+/-pAS   285 GBP

    1787 Sixpence with hearts EF(+)/EF+   105 GBP

    The prices seem to be fair based upon what I've seen.  Unfortunately, the images aren't the clearest.  I've sent Michael an email requesting higher resolution photographs.  Has anyone bought from him before?  Is his grading generally reliable?

    Thanks as always

    That's Michael Gouby, a leading light in the dealing and numismatics world. He wrote one of "bibles" on pennies - The British Bronze Penny - and what he doesn't know about coins probably isn't worth knowing!

    I think you can trust him!, and I'm pretty sure he has a cast-iron returns policy?

    • Like 2

  7. 9 hours ago, Madness said:

    That would be helpful, thanks @Peckris 2.  I'd like to make articles easy to find and to search by subject rather than browsing through are list.  I've found a few examples of free Library Management Systems that are cloud based that I'll mess around with.  Overkill, no doubt, but superior to an Excel spreadsheet.  Might need permission, though, from BNJ publishers.  

    Will do, though it won't be today (Big Day Out...).

    • Like 1

  8. I may be talking through my arse here (it's been known...) but AFAIK there aren't Taylor restrikes of the currency 1797 coins? And yes, your pictures above are of the genuine striking - though that may be a proof if described as FDC (there are Taylor restrikes of proofs but that doesn't look like one).

  9. My first computer was a PC with a 20MB HD ... which I only filled just over half. Then an Apple laptop 200MB ... two thirds full, then a later one with a 3GB drive ... ditto. When I graduated from there to an iBook 20GB, I filled it regularly.

    Rewind before all that to the late 80s and my Project Manager came in and told us that every user (we had dumb terminals linked to an IBM mainframe) had a workspace that had been increased to 2 gigabytes! "Two what?" I asked him, open-mouthed.