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Buying Silver/gold Coins In Usa?

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Has anyone tried http://www.gainesvillecoins.com ? Are they reputable?

Obviously alot of reputable UK dealers have been suggested, but I figured its cheaper to buy from the USA and have them delivered to my wife over there than buy them here and pay a 17.5% premium (I will be emigrating to the USA in the next year). There will be the issue of converting £ to $ but surely the forex losses won't be as much as the VAT loss.

Just thinking out loud :)

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Has anyone tried http://www.gainesvillecoins.com ? Are they reputable?

Obviously alot of reputable UK dealers have been suggested, but I figured its cheaper to buy from the USA and have them delivered to my wife over there than buy them here and pay a 17.5% premium (I will be emigrating to the USA in the next year). There will be the issue of converting £ to $ but surely the forex losses won't be as much as the VAT loss.

Just thinking out loud :)

No, the forex loss won't be as much, especially if you use a currency broker, such as ukforex or similar. You should pay about 1% to change money, not the 4% or so a bank will charge.

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Has anyone tried http://www.gainesvillecoins.com ? Are they reputable?

Obviously alot of reputable UK dealers have been suggested, but I figured its cheaper to buy from the USA and have them delivered to my wife over there than buy them here and pay a 17.5% premium (I will be emigrating to the USA in the next year). There will be the issue of converting £ to $ but surely the forex losses won't be as much as the VAT loss.

Just thinking out loud :)

Is VAT applicable?

http://customs.hmrc.gov.uk/channelsPortalWebApp/channelsPortalWebApp.portal?_nfpb=true&_pageLabel=pageVAT_ShowContent&id=HMCE_CL_000108&propertyType=document

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Why would VAT be applicable?

It wouldn't if the bullion remained in the US. Which raises the issue about state sales tax - does that apply in the US for gold and silver pruchases? If so, might be better to purchase mail order within the states from a state other than the one in which the purchase is made rather than collect and pay in person?.

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According to that website (http://www.gainesvillecoins.com)

"No, there is no sales tax charged on coins. The only time sales tax is charged is if you are a Florida resident and purchase rounds (these are not considered coins as they are privately minted and not backed by a Government Mint) or bars and the order total is less than $500."

I'll see what I can do about using ukforex or xe.com to receive my £ and pass on the $ to the coin dealer.

Cheers

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  • 145 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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