Mind where you buy platinum.

in #steemsilvergold6 years ago (edited)

Dear Stackers,

My tax return comes in next week and it is more than enough to look for something real nice to buy. I do get a tax return as I only worked the first three months in 2017 and - in hindsight- payroll deducted far too much income tax.

I decided to go for a platinum coin as these can increase a lot and I have none yet.


So where to buy?

US dealers I cannot use as this will give a customs issue with import tax (VAT).
Spot is 920 USD (source APMEX site) and the APMEX price is 1016 USD for a Platinum Maple just to compare for now with European prices.

DealerCoinPrice EURPrice USD
ApmexMaple Platinum---1016
SilvermountainMaple Plat9381120
AuragentumGriffin Plat10041199
goldsilver.bePLatypus830991
German comparison sitePlatypus9711159


So for me it is clear. Goldsilver.be (in Belgium) will get a new client. Secondly I notice Germany is expensive here. The cheapest in whole Germany is 1159 USD whereas in Belgium it is 991 USD. A difference of 168 USD for one coin.
This Belgian dealer has also the platinum Britannia, Cook Islands the Bounty and a bit more expensive the BU Kangaroo. I am still to investigate if they are easy to sell again and if so will order the coin.

Below is the German comparison site with the prices mentioned and after that the belgian site:

Goldrooster

Sort:  

Have you looked into the site Thesilverforum ? they have a great sales section and many of the members are in Europe, We have had a ton of luck buying on Reddit and there some European transactions on there also

Why is this 17% difference between Belgium and Germany dealers? Are there any hidden taxes? Do you pay any VAT on platinum coins?

Have to check. But silver and platinum are taxed the same in Eu countries i.e. 20% on the premium only. So I guess this dealer in BE is just asking less premium.

Thank you for your continued support of SteemSilverGold

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