[Closed] Selling shares (paper certs) where's best

I've used Equiniti a few times - can sell (or buy) on-line and then they will send you a contract note and you return your share certificates.

This century I've only used Equiniti, no complaints.

Cheers guys will give them a shot

For cert sales equiniti aren't cheap at 1.5% (minimum £45).

If you don't need to sell them quickly you could open a nominee account with a execution only broker, deposit the shares (should be free) then sell from the nominee holding online (usually fixed commission, should be £12.50 or less). Don't forget to close the account when you're finished, most charge inactivity fees.

That said, it's a lot of faffing and would take a few weeks minimum. In that time the share price could move against you

What acid said. Its called a CREST transfer. I used to work in the call centre at TDWaterhouse executing the transactions. I once had a bank ring me up saying they had a customer looking to sell their shares. The banks comission, a percentage, came to about £2k. When the bank said asked the client why he didnt transfer into a trading account and pay a flat fee of about £12, he said he 'couldn't be bothered'. More money than sense.

http://www.tddirectinvesting.co.uk/choose-an-account/transferring-to-us/deposit-certificates/

There are other services which may charge a lesser or greater trading fee.

This was recommended on Moneysavingexpert and it's the cheapest I've found @ £5.95 per transaction. http://www.x-o.co.uk/

Just open an account on line, post the cert to them, (instructions on site), when in account just sell them. You can sell £10,800 worth capital gains allowance per year before having to pay tax.

You can sell £10,800 worth capital gains allowance per year before having to pay tax.

That's both poorly worded and wrong.

http://www.hmrc.gov.uk/cgt/intro/basics.htm

I sold some paper certs last year. If you're in no immediate rush, then open a share dealing account (I used Halifax Sharedealing @ £12 a trade with no annual fee, but there are cheaper options), send them the paper certs by post which will be added to your online account within a few days, then you can trade as you wish.

Do this because dealing in paper certs is expensive, dealing electronically/online is much cheaper.