I got another one of those 10% off anything on ebay coupons. I use it everytime without fail because ive gotten bullion at or below spot. This time I had a choice, and I believe that silver has more room to grow than gold at this point so I picked the 10 oz silver bar. http://www.ebay.com/itm/321524179099?_trksid=p2059210.m2749.l2649&ssPageName=STRK:MEBIDX:IT After my 10% off I picked it up for less than spot. I paid $185 and change shipped. I could have bought a 20 franc gold rooster or swiss equivalent for exactly spot. Or a 10 pesos gold coin containing .2411 ozt of gold for about $7.00 below spot. If I had the the money handy, I would have bought a Gold Buffalo at spot. It wasn't meant to be though and Im happy with my bar. Any thoughts?
Silver for less than spot is always good, so I wouldn't lose any sleep over what other sort of PM you could have had. Best deal I ever got on FeeBay was a 15% off fashion items (which included jewelry and watches), which was active at the same time as I had a 4x FeeBay Bucks offer. I found a gold sovereign in a bezel that was being sold as jewelry.
When I was getting 10% off coupons (and I sure wish I would start getting them again), I always tried to find junk silver or gold close to spot, and I always tried to get as close as I could to the maximum discount (it was usually $100 for the eBay-bucks-multiplier offers). The problem with the multiple-bucks promos is that lots of people get them, and so there are lots of other people with the same idea, and the auctions and BINs get snatched up pretty quickly.
Wow, that 10oz bar looks the business. I'm pretty sure that I have never had any ebay vouchers here in the UK and never heard of anyone else getting them! And we pay 20% tax on silver purchases. I need a trip to the states!
Yeah, I get those coupons about once a month, and I will milk them and find the best deal. I agree that you have to get in on it early to get the best deals. Usually these coupons are good 24 hours. I like these better because they can be used on anything. When we have the quadruple ebay bucks, most of the time it excludes bullion. There are ways around that too though. Its a way to get something back for all the fees we pay. If I can keep getting PM's under spot, i'll take it everytime.
Those are typically emailed to you, or they show up on your main ebay homepage. It is an instant discount right off the top of the price. The killer is when they do a combination during ebay bucks redemption periods plus a coupon.
And we pay 20% tax on silver purchases. I need a trip to the states! If you are paying VAT on bullion purchases you are doing it wrong. http://customs.hmrc.gov.uk/channels...ntent&id=HMCE_CL_000104&propertyType=document Which boils down to investment gold is VAT exempt. You can also buy junk silver coins (or fine ones for that matter) VAT free as long as they are technically 'coins'.
20% on silver. If you buy bars. There are plenty of silver sources for just as tradeable material that do not incur VAT. Pre 1947 junk coins for example.
You are of course right. The trouble is that our junk silver is pre-decimalisation and no longer in circulation. I can of course buy junk coins from a dealer and pay his 20% VAT and 15% over spot on his sale. I couldn't go buy rolls from a bank in the hope that an old florin might have snuck in.
I can of course buy junk coins from a dealer and pay his 20% VAT and 15% over spot on his sale. You'd be daft to do so. Plenty of dealers at coin fairs are not VAT registered, and will move on junk they don't want for metal value to free up the cash for more profitable purchases. I sell my junk silver for spot if I can get it or 97% of spot to my bullion dealer. I buy by weight at auctions and deduct the buyer's premium from my bid. If it does not come in at a price that'll give me a tiny profit I move on. It's a terrible deal for the seller, but it's out there to buy.Usually someone has died and widow or executors don't know any better. I couldn't go buy rolls from a bank in the hope that an old florin might have snuck in. The British don't roll coins, they bag them, and back in the 60's I was buying, sorting and returning bags of change with the rest of them. Nowadays the source of bulk material is specialist auctions like Warwick & Warwick.
