Buyer - Seller - Introduction*

Here at W Y Argent we also act as a broker introducing those who have recognized bullion products they wish to sell, to buyers looking for bullion, "second hand". This has major price advantages to all three parties involved;

The Seller - can get 100% of metal price and may even request a premium over spot e.g. spot + £1 for each Silver Eagle

The Buyer - pays only what the seller is asking i.e. metal price on the day + a small commission to W Y Argent for the introduction

W Y Argent - gets paid a commission for making the introduction, which is paid by the buyer, W Y Argent never own the bullion so no VAT is applicable to the buyer as the buyer is buying from the seller only (unless the seller is VAT registered). VAT will be charged on the commission fee, however this is only a fraction compared to buying bullion direct from a dealer.

How Does it Work?

1) Seller leaves bullion in bailment with us (WYA-the bailee) with price request and probable time frame to find a buyer (until a buyer is found and prices agreed and money transferred the bullion remains the property of the seller and can be collected at any time).

2) WYA find buyer or buyers for the bullion, contact seller and agree prices on the day.

3) Buyer pays seller for bullion and 4% commission to WYA.

4) WYA arrange for buyer to collect or have bullion delivered.

Commission charges;

4% + vat on value of deal

E.g. Market price Silver = £700/kg. Seller has 1kg silver bar to sell at £700, buyer pays £700 to seller + £33.60 inc vat to W Y Argent commission, total = £733.60 for 1kg silver

(compare to our dealer price where we must charge vat on total value of bar = 700 + 10% mark up = 770 + 20%vat = £924.00)

W Y Argent will advertise sellers bullion as a "basket #1 containing #kg of silver" on our blog page, no seller (or buyer) details will be revealed on our web site.

* This way of buying is only available when private sellers of silver bullion use us as an agent. Please ask for details