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mint_mark last won the day on January 2
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Getting back into it!
- Birthday 11/04/1966
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All this is just my understanding... I'm not a tax expert or a financial advisor. Ebay have a reporting threshold if £1740 per year https://www.ebay.co.uk/help/account/regulatory/sales-reporting/uk-digital-sales-reporting?id=5454, which I guess might trigger HMRC to check whether that is from trading or not. I think HMRC use this "badges of trade" system to assess whether someone is trading https://www.gov.uk/hmrc-internal-manuals/business-income-manual/bim20205 If you are trading, then I suppose you'd be taxed like a small business (I don't know much about that). If you're not trading then there is still capital gains tax (from disposing of possessions), but I think almost all coins would be exempt De-monetised coins count as chattels, so they are only chargeable if they sell for more than £6000 (per coin, or set). I'm OK... 😀 Foreign currency (that is legal tender in that country) is chargeable... so foreign bullion could get you over the annual allowance. Modern sterling is exempt anyway. (explained in https://www.gov.uk/hmrc-internal-manuals/capital-gains-manual/cg78305) That's it for tax. Eb*y are introducing buyers fees from next month... so that will affect the viability of using it. From what I've read on other forums, I'm more worried about avoiding all the scams that people try 😟 I haven't sold on there for years, and everything is putting me right off.
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What is this coin?
mint_mark replied to fluffy998's topic in British Coin Related Discussions & Enquiries
Those coins aren't super thick to start with are they? It seems like a lot of material would need to be moved to raise a rim on both sides like that. And what is the groove for? I thought maybe threading, but can't think of a purpose... Could it be two coins stuck together? Or does the central thickness seem right for one coin? -
Seeking a chart for British milled predecimal dimensions
mint_mark replied to SilverAge3's topic in Beginners area
That is strange. Maybe try this more specific link to a section of that page https://en.wikipedia.org/wiki/Coins_of_the_pound_sterling#Denominations It says " In the years just prior to decimalisation, the circulating British coins were: " and then there is a table. -
Seeking a chart for British milled predecimal dimensions
mint_mark replied to SilverAge3's topic in Beginners area
How about this page from Chard's old web site? https://24carat.co.uk/frame.php?url=specificationsofbritishpredecimalcoins.html There's a more detailed table about half way down this wikipedia page too, but it doesn't have the silver threepence. https://en.wikipedia.org/wiki/Coins_of_the_pound_sterling -
I think these designs are great... I wonder if we'll have the chance to collect a full set of 2023 dates from our change?
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mint_mark started following Royal Mint Experience (Visitor Centre)
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Royal Mint Experience (Visitor Centre)
mint_mark replied to Stuntman's topic in British Coin Related Discussions & Enquiries
Hi everyone, I visited the Royal Mint experience yesterday... it was a long day trip for me (from near Southampton). It was a good tour and the exhibition was really interesting, although similar in parts to the sort of things you see in the British Museum. This was aimed more at the general public so everything was explained nice and clearly. It was more popular than I expected, with coach trips and families providing a varied audience. I hadn't expected the preparation stages of the blanks and dies to be so interesting... never really thought about how the lettering, milling and fusing of bimetallic coins was done. Not all at the same time! Also surprising that all the coin presses were German machines... You don't get to see the whole process in action, just the striking and counting/packaging area. Our guide explained that the mint is required to have tens of millions of pounds worth of coins in stock, but they don't get paid for them until they're issued. She said that the mint makes no profit from UK circulating coinage... all their income comes from foreign countries and collectables, which explains the panoply of commemoratives and precious metal releases. Some disappointments... I couldn't find much to buy in the gift shop, even though I wanted to. I thought there would be more coin themed items like lapel badges and keyrings, maybe with a tasteful Britannia or George and dragon design. Most of the gifts were related to the current commemorative themes... Beatrix Potter, world wars and royal anniversaries. And when you did buy something (a box of fudge in the end) there were no new pound coins for your change. Ironically, they were almost out of change :/ Still, I did strike my own pound coin... it's a 2017 BU coin which I think will be the same as the circulating one in due course, so maybe that could have been a little more special. It does look practically perfect under the magnifier though... and just £7.50. I'm glad I went... mostly because it's something you just couldn't do until recently. Not sure I'd go again... and I'm still pretty sure I'm not really interested in most of the things they sell. They did have some cardboard albums for people to collect coin designs from change... if this becomes popular they could offer coins to fill in gaps in those collections, although I hate to think what they would charge! Back to checking my change... Mark -
Stamps versus coins over the last 30 years
mint_mark replied to Accumulator's topic in British Coin Related Discussions & Enquiries
Top point, I was worried there for a second! Stamps have nothing of the heritage coins have! Phew! But on the plus side, you can collect an example of the first ever stamp... I think that's quite a nice statement for a collection to make. -
halfpenny with new zealand reverse
mint_mark replied to Mr T's topic in British Coin Related Discussions & Enquiries
I have a lot of old CCGB... it's in the 2005 (and later) edition at £450, also in the 2001 edition at £450 (pre Perkins) but it's not in a 1987 edition. It's not in my old Krause catalogue, or in an old Spinks or in a coin yearbook. But it is in Coincraft where it says "Error coin with New Zealand reverse; weight 5.8 grams; possibly unique" and a value of £500. Hope that helps, Mark -
Montis Insigmia Calpe is from Gibraltar...
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Unusual Pound coin ?
mint_mark replied to PINMAN's topic in British Coin Related Discussions & Enquiries
Incorrect alignment is usually a way to spot a fake pound coin. If you do find another one with the same design you could compare them and see if there are any other differences. -
2008 UK Coin Set with the Old Design
mint_mark replied to MikeCoin's topic in British Coin Related Discussions & Enquiries
Buy a set and break it up? Where's the challenge in that? In the introduction to the decimal section in Coin Yearbook (2005, it's OK Chris I've never bought it since ) they say that since 1984 the coins in BU sets were made by the proof coin division instead of the coin production room and that they are readily differentiated from normal circulating coins. Also, I wonder if those mintage figures from the mint include the coins in sets. Maybe that's where most of the Britannia 50ps are? -
2008 UK Coin Set with the Old Design
mint_mark replied to MikeCoin's topic in British Coin Related Discussions & Enquiries
I think you're right, the 50p is hard to find. That 700,000 figure comes from the royal mint site, but it might not be the final figure for the year... they get updated sometimes. If it is the final figure then it will be a very low mintage for a circulating coin. -
20p - now it's got ridiculous - OFFICIAL !
mint_mark replied to Peckris's topic in British Coin Related Discussions & Enquiries
I wondered this at the time. In January they made a big fuss about the competition results and we'd all have to wait a couple of months to see the new designs... so I was quite surprised to see 2008 coins with the old designs turning up in change. I didn't think they would bother. -
fake £1's i have found
mint_mark replied to scott's topic in British Coin Related Discussions & Enquiries
I found one of the 1998s this evening. I have to say, it's remarkably good. It looks clear and crisp with smooth fields... not at all soft. The edge lettering is good too, just a little unevenness in the graining in places. I'll have to compare with a genuine coin from the same period to look for differences. -
Commoners on Coins
mint_mark replied to DaveG38's topic in British Coin Related Discussions & Enquiries
Technically speaking the persons you refer to above are allegory, and representative and not meant to portray a particular person. Since Lady Diana was on the crown in 1981, several commoners, notably Isambard Kingdom Brunel etc have appeared on commemoratives. The question is, was that Roger Bannister's actual leg? And don't forget that Una lady with her pet lion