Coinery

Thanks for going through that with me!

No shadow of a doubt in my mind!

I don't suppose the disposal of a valuable coin collection in the latter years would be tax-free, would it? Legal tender British gold coins can be sold tax free. The sale of other coins has been discussed here in the past and is more complicated. If you have a number of disparate coins (i.e. not part of a set), these can be sold individually and CGT is only payable if any one of those sales produces a profit of £10,000 or more but, and this is the big BUT, if the coins form part of a 'collection' HMRC will assess the total of all the sales from that collection in any one year and only give a single allowance of £10,000 for everything. The definition of a 'collection' is subjective. It may be that if you wished to sell, lets say, 6 very valuable crowns, 6 shillings and 6 pennies it would be better to sell a mix of denominations in each tax year to avoid the 'collection' definition. Selling all the crowns in one year, for example may be viewed as the sale of a collection for which only a single £10,000 allowance applies. Selling one crown, one shilling and one penny of different dates may be viewed as a sale of three separate coins for which a total allowance of £30,000 would be applied. Please don't take this as any offer of advice! It's just my understanding of the present tax rules. Many thanks but, just to clarify, is that £10K TOTAL sales price, or £10K PROFIT? ie if you spent £10K on your collection and sold the whole thing for £20K, does this mean the whole £20K is a tax-free sum? Sorry Accumulator!!!! The calculations are all done on the PROFIT. So if you purchased a coin for £10k and sold it for £20k, the profit of £10k is subject to tax (less any allowances). I should say that the CGT allowance is actually £10,600 for the 2012/13 tax year, not the £10,000 figure I used above. Is this a magic loophole by any chance? If we say, for example, on April 6th get really excited about collecting G4 silver, and then by the end of June can't stand the monarch, can we sell the collection off and declare the profit under Capital Gains? Of, course, on April 6th the following year, we're about to have a love affair with Queen Mary (you will note I didn't say Anne)!

I don't suppose the disposal of a valuable coin collection in the latter years would be tax-free, would it? Legal tender British gold coins can be sold tax free. The sale of other coins has been discussed here in the past and is more complicated. If you have a number of disparate coins (i.e. not part of a set), these can be sold individually and CGT is only payable if any one of those sales produces a profit of £10,000 or more but, and this is the big BUT, if the coins form part of a 'collection' HMRC will assess the total of all the sales from that collection in any one year and only give a single allowance of £10,000 for everything. The definition of a 'collection' is subjective. It may be that if you wished to sell, lets say, 6 very valuable crowns, 6 shillings and 6 pennies it would be better to sell a mix of denominations in each tax year to avoid the 'collection' definition. Selling all the crowns in one year, for example may be viewed as the sale of a collection for which only a single £10,000 allowance applies. Selling one crown, one shilling and one penny of different dates may be viewed as a sale of three separate coins for which a total allowance of £30,000 would be applied. Please don't take this as any offer of advice! It's just my understanding of the present tax rules. Many thanks but, just to clarify, is that £10K TOTAL sales price, or £10K PROFIT? ie if you spent £10K on your collection and sold the whole thing for £20K, does this mean the whole £20K is a tax-free sum? Sorry Accumulator!!!!

I don't suppose the disposal of a valuable coin collection in the latter years would be tax-free, would it?

I can't begin to tell you how thrilled I am with the 3 copper farthings Rob supplied. Amongst the prettiest coins I hold! The classic difference between exploded images, and in-hand viewing, can clearly be appreciated with these coins! A good day, thank-you, Rob! I will post all 3 when the camera next comes out!

Not me. I was bidding online, so when it got to 130 I didn't hit the button. Can you bid online for StJames? LIVE I mean! Yes, you can. I usually use the-saleroom.com but there are probably others (eg sixbid, etc). Thanks, Nick! I did notice you could submit bids, much like paper submissions, but I didn't notice a facility for actual REAL-time bidding against the floor, I'll take another look!

That looks great, Numidan! The only thing that sprung to mind was how strike weakness could be factored into the equation? Superb idea though, which for the main part could work! At the end of the day a grade's a grade! Bag marks, edge knocks, etc, only affect appeal, and consequently value! Would be a very good start to get the grade right!

Not me. I was bidding online, so when it got to 130 I didn't hit the button. Can you bid online for StJames? LIVE I mean!

I think if you could sort out the bend then it would be quite a nice coin. The detail is good (VF or so, apart from maybe a few scratches). The problem being that it can be quite tricky straightening the things without leaving an obvious crease. But maybe someone feels confident? Looks possible when viewed from the reverse, but I think that's deceptive! When viewing from the obverse that crease is so acute that even with heat it would probably leave an ugly big stress line! It also looks to me to have been struck across the bust (where's Peter?) a couple of times with an iron, it looks stepped, and deformed generally! And what does the rest of that crown look like? £85 last time I looked! Wow! I've love to see the coin post treatment! It cost him £129 to practice a bit O silversmithing! He'd better be good at arc welding!

nah wasnt even close, 2k plus vat? and my dealer reconned it wasnt worth the estimate Hammer price was £1700, so with commission and VAT would be £2.1k - out of my league. It's ok to splash out way above normal levels once in a while for a particularly difficult coin as long as you don't make a habit of it when you know you can get that piece quite easily. If you really want something, you usually have to pursue it - hard, and stick with your decision. I didn't bother in the end, have my eye on a few other bits, and might need to snap some more of Rob's farthing tokens up now I have competition!! I had a sneak around your site last night but couldn't get the coins link to run, will check again later! I snaffled what looks like a nice farthing a couple of days ago on the 'bay, will get it up when it arrives!

A nice new adventure for me, I can't believe I stumbled across it so late!

I confess to being out of my depth with this period, but David Groom presents one in his book, P. Davies acknowledges their existence in his book, and Gary is saying that one has recently been acknowledged by CGS (I know!). Just out of interest, who are the consensus? Are these academics from the pre-Davies works? And, in all honesty, I really don't know, though I'd certainly be looking into it if I collected them.

1919 or 1918 or 1919 over 8 silver 3d. There was one on ebay a few months ago and I was not £75 convinced. It then appeared in a CGS slab in a recent London Coins auction so CGS must have been convinced. Looking at it again in the slab my money was still on a damaged 18. This one then turned up on ebay, UNC if is wasn't for the drilled in to it according to the seller. I thought it worth a couple of dollars to have a closer look. I've just looked at around 15 9's and 8's on these 3d's and it had me thinking I'd be happy to have bought that as a 1919/1918 3D. For me, even though the image is pixelating a little, the back curve of the 9 is not sloping inwards nearly as much as the other 9's I saw, suggesting the bottom right-hand edge of an 8 is hinting. Adding to that the slight bump in the same back line, it provides further evidence for me that there is an underlying digit. Also, and more obviously, of course, the left hand mid-section is also suggestive of an 8 IMO. What's interesting however is the example in Dave G's book, which looks to me more like a straight 9 than a 9 does - I can't see the overdate in that image at all!

I think if you could sort out the bend then it would be quite a nice coin. The detail is good (VF or so, apart from maybe a few scratches). The problem being that it can be quite tricky straightening the things without leaving an obvious crease. But maybe someone feels confident? Looks possible when viewed from the reverse, but I think that's deceptive! When viewing from the obverse that crease is so acute that even with heat it would probably leave an ugly big stress line! It also looks to me to have been struck across the bust (where's Peter?) a couple of times with an iron, it looks stepped, and deformed generally! And what does the rest of that crown look like? £85 last time I looked! Wow! I've love to see the coin post treatment!

Another one that mystifies me! I can't see anything special about it, unless I'm missing something? 360490069416 (link appreciated)

damn good point!

My money's on a 9/8!

I was going to pop this in the 'coin aquisition of the week' thread, but it's looking like that's going to be busy for a while! I do have the knack for putting coins on there, generally about two minutes before a new debate, or an influx of other purchases! Anyway, and I hope Rob doesn't mind the abuse of copyright, I proudly present the opening 'mascot' coin to my 'English Hammered Copper' series. That's it now, I'm sorted, all collection dilemas over for a long, long, while! I have: 1). Elizabeth I (all denominations, and in all metals when finances permit). 2). English Hammered Copper 3). Edward VII (just to keep my eye in on the 'modern' stuff). This nearly strayed into G5, but Elizabeth I and the die-project is going to get pricey, so I had to reign it in, E7 may also fall aside too, but I hope not! 4). And anything pretty (which I must quickly remove from this list [just as soon as I can get tablets for it] if the other 3 aren't to suffer) First time I've felt focused and relaxed about coins EVER! I've been a coin whore for around 10-15 years now, at last I've become a monk!

No, they are two separate sellers, the first one allegedly in Paris, the second in Ireland. It's the unexpected abundance on ebay of coins that book above £2K in VF that made me sit up and look harder. For a smaller denomination, that is a large number. Without following the thread back, just I case there's any link, the Paris groat was bought from an Irish seller? Is "Rob" any relation to our own esteemed Rob? There are no commas Peck!

No, they are two separate sellers, the first one allegedly in Paris, the second in Ireland. It's the unexpected abundance on ebay of coins that book above £2K in VF that made me sit up and look harder. For a smaller denomination, that is a large number. Without following the thread back, just I case there's any link, the Paris groat was bought from an Irish seller?

Yes, but opening in which direction?

thanks for the info. Peter And this is precisely what appeals to me! For such a pretty little coin it really surprises me that they are not greater prized. It's a pretty big series, that I think will keep my copper lusts satisfied AND within budget! Winner all round for me, especially if I can get a nice bit of provenance top-up along the way! Exactly how I see them, Peck was the first attempt and Colin Cooke also did a lot of work in the series, but Tim has taken it to another level and the detail in the catalogue is much more robust and consistent. Another series where additions keep coming to light. Sounds fun! To kick-start the little project I've just ordered 3 from a well-respected dealer! Excellent choice, particularly the Lennox. Many thanks.

thanks for the info. Peter And this is precisely what appeals to me! For such a pretty little coin it really surprises me that they are not greater prized. It's a pretty big series, that I think will keep my copper lusts satisfied AND within budget! Winner all round for me, especially if I can get a nice bit of provenance top-up along the way! Exactly how I see them, Peck was the first attempt and Colin Cooke also did a lot of work in the series, but Tim has taken it to another level and the detail in the catalogue is much more robust and consistent. Another series where additions keep coming to light. Sounds fun! To kick-start the little project I've just ordered 3 from a well-respected dealer!

thanks for the info. Peter And this is precisely what appeals to me! For such a pretty little coin it really surprises me that they are not greater prized. It's a pretty big series, that I think will keep my copper lusts satisfied AND within budget! Winner all round for me, especially if I can get a nice bit of provenance top-up along the way!