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id5

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  1. Rim thickness is the always at the widest points. It is also the most variable measurement on a coin as extra pressure on the die during minting causes it to rise up, not enough and it is too thin, whereas the diameter is constrained by the die and is not as variable. As long all of the dimensions are below the max allowed, is in weight, rings when struck then it should be okay.
  2. For HMRC email them on Enquiries.estn@hmrc.gsi.gov.uk its the excise & duty enquiry email addy, they take a couple of days but normally come back. None going out apart from Money Laundering but what country are you heading to?
  3. No restriction but 1kg bars may attract unwanted attention both out of the UK and into other countries as it will trigger money laundering checks. I would do what the professionals do, email Customs in both ends explaining what you are shipping and how. They may ask for copies of the paperwork or for you to take it with you, just comply with their requirements and you will be fine. Generally when stopped you show the email and after as few more questions they just waive you through.
  4. Buy and sell cost of bullion is about the same. Legal tender is allowed in and so are numismatic coins. Volume is the other problem with gold going to Aus because of the money laundering rules. You can get away with bringing in a larger volume of coin if you go 1st class compared to cattle. If you are near £15,000 in cattle class then consider taking the bank statements and invoices to prove you are not money laundering. If your taking your family heirloom of serveral generations of gold coin collection then declare it to Australia Customs before hand and take the details of any exemption with you.
  5. Don't bother the resale value of a silver bullion coin is higher in the UK than in Aus because of VAT. Sell them in the UK and buy a greater weight in Aus. FYI PM's are only restricted on import if you intend to trade physical metal until you have paid the fee of course. Numismatic and personal collections are not restricted.
  6. There is no VAT on gold imported or brought in the UK There is no CGT on legal tender coins on this list but there is on bar and ther coins or rounds As said earlier there is always the Money Laundering notification necessary on any VAT zero rated import of more than £9K
  7. For bullion coins where the goverment is going to only give you a percentage of the price then yes. For numismatic coins that you cannot get out of the country to foreign dealers or can't wait for the law to change, that's your choice
  8. It is collection by proxy, the information is collected by the dealer on behalf of HM Revenue & Customs, there is method in their madness as they do not have to process and store thousands of deals themselves, they demand that the dealer does it for them. The point is that you cannot go to Bairds and demand that your details or that of the deal is removed. The end result is the same, regardless of who the proxy agent for HMRC is, every high value trade is effectively recorded by HMRC. People on this forum are concerned that HMRC know that the deal has been done, or have the ability to trace that the deal has occurred because of the possibility of confiscation or forced selling at a set price. If the government wants to impose either of these then they can, HMRC has the details of these transactions stored by its proxies, the dealers. IMHO this is false worry unless the gold was purchased in the last few months before any change in the laws on gold ownership. The answer to the HMRC when told to sell or hand the gold over is ‘But I have already sold it in a number of small trades to small jewellery shops, friends, people I met in the pub’. If someone that still held the gold wanted to sell it then all that needed to be done is to melt it with a gas soldering torch with silver, in the correct proportion, into a short rod then using a hammer make it into a bangle and sell it as jewellery, the government are not going to ban jewellery.
  9. Disclosure is required specifically for investment gold, here is the Link to HM Revenue & Customs, read section 3.1 and this HMRC notice exlpains that the have been renamed the VAT Financial & IPT Team. You are correct that there is a EU regulation as well for money laundering but the value is now set at £9,000, the details are here and is enforced by HM Revenue & Customs
  10. Using your example they would send it away for restoration or depending on their knowledge, skill and tools do it their self. Under magnification they would lift dirt that is freely coming off using a dental pick especially around the areas that can identify the coin. All gold coins contain other metals such as copper, silver, zinc and the coin will be treated to chemically stabilise it to reduce oxidisation of the other metals. The coin will be placed into a neutral PH chmical solution and cleaned using ultrasound. There are a large array of chemicals that the restorer can use to remove 'dirt' on coins from sodium bicarbonate to nitric acid but they know through a knowledge of chemical reactions and experience which, just how long and at what strength each treatment needs to be. If it is one of the rare ones then when it is identified it can be professionally cleaned but until then it is worth just leaving the coin as it is, the dirt does not affect the bullion price or its numismatic value.
  11. The point I am making thod is that the poster may not realise that the 'grimey old sovereign' could be that rare one and worth more than its scrap bullion value without it being a proof, it could look just like a circulated bullion coin. A 1880 Melbourne Short Tail in Fine condition, is worth approximately £1,000 but the long tail version of the same year only bullion value, yet both were coins in circulation, so they are scratched and battered, if it was a VF short tail add £500, EF add twice that. Find any I will happily give you the price of a bullion coin for it.
  12. Take a common Sovereign like a 1914 London mint George, if you had a fleur de coin (FDC), a proof quality coin, it would be worth about £400. Put your fingers on it and you will add a grease stain that is immediately visible under magnification and will change the colour of the coin in a few years. As soon as you put your sticky fingers on it, its value drops to £240 because it has now dropped a grade to uncirculated (UNC). So you think that you should clean it using something slightly acidic to remove the grease, like a bit of Flash, and give it a bit of a rub, those slight scratches have now made it extra fine (EF) or about £160. Rub a bit harder or drop it during the rubbing and bruise the edge and it becomes very fine (VF) or fine (F). It doesn't matter which because it is a quite common coin the 1914 London, there are a lot of them about and VF, F, Fair and poor quality is worth the same as bullion value (BV) or spot gold value +/- 10% depending on where you sell it. If you think that UK numismatic coin collectors are pedantic bastards with their 8 levels of quality of (BV, poor, fair, fine, very fine, extra fine, UNC, FDC), then consider the US with their 45 levels that represent the same set. By all means clean your coin if you want to, it's yours and if you do you then there will be fewer coins in the better grades and that will make mine worth more
  13. The ring occurs because the design on the coin has been made by compression through pressing rather than casting. All different types of coins have different rings and there are even sound differences between years or between different mints. Maples are also made from pure gold unlike most bullion coins such as Krugers and Sovereigns which are made from alloys of gold, copper and silver. The lack of the silver or copper in the Maple means that is has a different composition and rings differently to other coins, there is a slight thud as you put it associated with a lesser ping but the ping is still there. It shows that the coin has been pressed. Other peculiarities of Maples are the presence of what seem to be a single set of very fine lines in line with the face of QEII and very sharp reeding on the edges of the coin. What dimensions and weights are your Maples as well? They should have a maximum upper diameter no larger than 30.15mm which includes a 0.5% error margin. This size is constrained by the die that they are pressed into and so should not be exceeded. The weights of the press can change the thickness of the coin but it should be approximately 2.73mm. The weight should not be more than 31.18 grams again this includes a margin of error. If your coins are within these bounds then I doubt a dealer would refuse it.
  14. How interesting, an estimated increase in debt of 25% to £581,000,000,000 So if Paolo's figure is correct then debt is now at 38 + 25 = 63% of GDP Labour haven't quite doubled the debt of the country, well they might have but as they won't tell us only an estimation can be provided because the debt has been hidden in the same type of mechanism that banks have been told is wrong. When forced the banks came clean and this was the driver for the latest round of the credit crunch, the bit that gummed up the Interbank lending If banks don't trust each other because of hidden debt and refuse to loan between themselves then can countries also refuse to loan. Is it possible that the next round of the credit crunch will be countries refusing to buy gilts or treasury bonds of other countries until they come clean on debt?
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