jago Posted March 21, 2010 Posted March 21, 2010 I need to convert some of my cash into silver. Unfortunately the VAT on silver is a bummer!So instead I wondered if I could buy some pre decimal coins. Thing is, I don't want to get caught up in buying rare coins, I want to buy coins worth closest to scrap. For this reason I think perhaps pre 1920 half crowns might be best, being >90% silver so I can melt them down. But where can I buy them in bulk? Quote
Peckris Posted March 21, 2010 Posted March 21, 2010 I need to convert some of my cash into silver. Unfortunately the VAT on silver is a bummer!So instead I wondered if I could buy some pre decimal coins. Thing is, I don't want to get caught up in buying rare coins, I want to buy coins worth closest to scrap. For this reason I think perhaps pre 1920 half crowns might be best, being >90% silver so I can melt them down. But where can I buy them in bulk?You need to be careful : look at the precise law on this - although predecimal coins are no longer legal tender, it may still be illegal to melt them down. Perhaps you could hold the silver in the form of unmelted halfcrowns?Your best bet is to find an auction house where there are some 'scrap' lots and bid for what you want. eBay prices are going silly for silver coins, so avoid that if you can.Or place an advert in a local newspaper of decent circulation, and offer to buy pre-1920 UK coins. Quote
Jules Posted April 15, 2010 Posted April 15, 2010 I need to convert some of my cash into silver. Unfortunately the VAT on silver is a bummer!So instead I wondered if I could buy some pre decimal coins. Thing is, I don't want to get caught up in buying rare coins, I want to buy coins worth closest to scrap. For this reason I think perhaps pre 1920 half crowns might be best, being >90% silver so I can melt them down. But where can I buy them in bulk?You can buy silver VAT-free through BullionVault, but you'd incur storage charges. Quote
Chris Perkins Posted April 15, 2010 Posted April 15, 2010 I've got 9 scrap grade pre 1920 half crowns. Want them? Quote
Guest lordcornwallis Posted May 31, 2010 Posted May 31, 2010 I've got 9 scrap grade pre 1920 half crowns. Want them?If you still have them, I am interested! :-) Quote
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