I only buy Sunshine Silver 10 ounce bars with the new security (Valid) encoder on the back. I am new to the hobby, so I only have that kind. I'm a new stacker, about 12 pounds so far. Under $20 and ounce right now, I'm buying now for the long term.
I agree with your logic. 10 oz. bars offer reasonably low premiums and fair liquidity (As opposed to Kilo or 100 oz. bars). I like Sunshine mint and RCM for 10 oz. bars.
Just wanted to comment on the eBay thing. If you find rounds or bars at like 7 dollars an ounce when let's say the market is 25 an ounce its a clad bar or round. Remember if it sounds to good to be true it most likely is.
Unless you want a "pretty" coin, which costs more, look at buying the most metal for your investment. This comes in the form of silver rounds and silver bars. Gold Goliath offers the best prices on silver on the internet with great service and no hidden fees.
I like point number 5 "Market timing" ! (7mn30s) Silver 31$ at the time of the video ; below 14$ now. So I guess you get the most value for your buck by... simply waiting !
I think junk silver would be a good option too. If you only have one ounce coins and bars, that may be too much for a transaction, depending on how high the price of silver soars.
Yes, Take advantage of No sales tax on gold bullion and precious metals. Also, if your state does require sales tax then buy from a state that doesn't or take a little road trip! Could save you the big bucks!
MrVegitta, this video is more current than ever. My case for example I changed completely: my main objective, the purpose for my Fiat is Gold. Instead of the regular minimum ~$100 for free shipping I stretch a bit for a minimum of 1/10 Gold (or one of the sovereigns usually with much lower prrvium, even close to spot). Another tweak, credit card points and other points programs like Bing or hotels. I was using for gold which got a bit more restrictive, now I am getting my core (mostly 1Oz Britannias), if it is gift card I have to go for the cheapest generic ... All of this is free.
that's a good question... dealers like Apmex, Provident and Gainesville will buy back your metals.. just gotta calculate the shipping cost. My local dealer doesn't have good prices to buy but usually buys back around $1-$2 under the spot.
Another consideration I use is if a coin capsule is included or not. These are nice to keep your coins in top condition and they cost around two dollars each if you buy them separate.
i would if my state got rid of the taxes like they did for Texas. Your coin dealer is really cool and you get to buy silver without taking into account any taxes or shipping. Having no paper trail is an added plus.
Wait- what? today is May 7th, 2017and silver is $16.31 at the close Friday. it was $17 three years ago and $32 four years ago and $45 six years ago.... AND $48 mid day on Jan 20th 1980 thirty Seven years ago. Just say'n
Silvertowne's premium is low - about $2 over spot for their house bars and rounds. I strictly buy the 1oz, 5oz and 10oz Silvertowne branded bars since they ship free. It's a common product in the trade, often referred to as "silver donkey bars." Remember, they're no tax as long as you don't live in Indiana where Silvertowne is based or in a state that collects internet sales tax.
I don't want to pay taxes or shipping when I'm already paying a premium for silver bullion. If you buy from silvertowne you can get their house bars and rounds usually with free shipping and no taxes. This beats my local coin dealers and the stock is sealed and there is no risk of the counterfeits from second hand bullion.
Most definitely! Especially if the seller is a trustworthy reputable source of silver eagles. When there's a good deal like that, some will become suspicious because there are fake silver eagles being sold in the market.
i also recommend Provident Metals. They charge a very fair shipping rate, and no tax outside of TX. For TX residents, sales tax is exempt for orders above $500. Greg, can you make a video of your silver bar collection?
The bottom line here is just ask yourself: What do you want out of investing in silver? If the answer is a hedge VS. inflation, or simply to save your wealth in a physical form. Buy whatever silver has the lowest premium, doesn't matter what animal of face is on the coin. Buy it in the cheapest rough form that you can possibly find, because guess what at the end of the day 1oz of silver is 1oz of silver no matter what premium you payed. On the flip side, if you buy silver to make quicker profits possibly month to month or year to year, you may consider some numismatic of semi numismatic coins, as they tend to increase in value at a faster rate if you buy the right coins and can turn frequent short term profits. They also add some excitement to the skill of silver trading. Try mixing both of these methodolgies for most effective silver stacking results!
Yeah, I favor your suggestion to buy lowest premium and also invest in semi numi or numi silver for faster gains. digi051669 said he gets 500 oz SMI bars that are 9999 purity and very close to spot price.
I just bought a 1oz round of bullion from a LCS (Local coin shop) for $2 over spot, no sales tax, and I live in Washington State. From what I've read, $2 over spot (Spot is currently $14.77 as of this post) is normal for coin shops that sell bullion. Throw in no sales tax, and that's what I call a deal.
Dylan Coates It's not bad for a LCS pickup. Sometimes you can do better. And I've posted many videos in the past where silver on ebay was near spot, or sometimes below spot using credit card and other cash back kick backs.
MrVegiita Yeah I won't trust ebay since there's no way to tell if it's real or not until you recieve it. Not to mention I don't have a paypal account since it was shut down back in november due to it getting hacked.
California, even though it has Sales Tax, there is a provision in the tax code which say if you purchase more than $1500 at a time, no tax will be charged
Yes, that is true but most people cant' invest $1500 at a time so they are better off buying from another state to avoid sales tax. NY state has the same tax exemption law for purchases greater than $1000
Also something to share; If you want the biggest bang for your buck, so to speak, do not purchase any type of coinage. Purchase bullion. You can get Gold and Silver bullion bars that weigh as little as one ounce. You can even purchase what are called Valcambi bars where they are scored sheets of I believe 50 grams or about 1.8 ounces each; Valcambi CombiBar - The New Gold Standard in Gold Many coins including Valcambi bars are way over priced and will not give you much bang for your buck, as it were. Sorry, but purchasing coinage is stupid unless you are collector and know of the Numismatist value of the coins you are wanting to purchase. Bars are always the better alternative if you are wanting value for the dollars you are spending.
In terms of buying as much as you can, bars are usually better but not always the case. American Silver Eagles for example, have a premium but most dealers love to buy it back for $1.50 or more over the spot price at the current silver price. Silver bars will sell a little below spot, or at spot.
I purchase both. I like that there is never a hassle to sell my mainstream coins (Eagles, Maples, Pandas, etc, etc.) In fact, the older my coins the more of a premium I will get. I never get any near that type of premium for my bullion. Really I don't care cause my plan is to only start selling in 25 years so I am sure the price will be almost double what I paid for them but the premium on the older coins should be enough to make it worth it.
Very nice tips. Thank you for the advice! The more silver we can get for our money the better. I've been considering buying silver but didn't know where to get started. So thank you again. I appreciate all the info. Subbed you, take care.
Thanks for your vid. As long as you can recoup your premium when you sell, I do not care how much the premium is. For Silver Eagles, you will always get two dollars above spot when you sell, so if I pay a a similar dollar premium when you buy them it doesn't matter. The main thing is to make sure you do not pay high premiums on rounds or bars that will not pay you a similar premium when you sell them.
It will depend on who you sell your silver to. Selling on ebay will incur fees, so hopefully your LCS (local silver store) or online dealer gives you a good price.
eBay charges 10% of sale price plus additional 3% for payment made via PayPal, so most eBay sellers will add this 13% on top of their listing price making it an extra amount of buyer's premium, for what I know the prices for .999 silver on eBay are often more expensive than say, many dealer's offering on their websites. When buying on eBay make sure to check out seller's info page to see if they are selling cheaper on their own websites.
This may fall in line with ebay but swap meets, flea markets and garage sales where its private party to private party is good, no shipping, tax and its usually for spot or a little more.
In the overall scope of silver investing, it would be good to diversify some of the money into higher premium coins. This video was made just for those who want to get maximum value from their money (going by ounces). I just uploaded a video on high vs low premium.. and i'm going to do a video on high premium silver and how to
The more silver you buy at 1 time the better you're doing for yourself with regards to shipping and price over spot. JM Bullion has a deal right now for rolls (10, 1oz coins) of Britannias and if you buy 50 rolls or more with a check or bank wire it's only $1.49 over spot price for each coin. However, that comes to $9,140 total for the 500 coins, an expense that most people would have to save quite a while for. I say you should save your money for big purchases instead of buying 1 or 2 coins at a time.
Good advice. I would like to add that unfortunately, when buying online it is difficult to avoid taxes and shipping rates, it's understandable that sellers want to protect themselves. Deals on sites like Ebay are few and far between. If you see a seller selling multiple coins and bars try to negotiate a price with him/her that includes shipping. Another aspect would be to study the photos carefully for Privy marks as that particular coin could have a higher Numismatic value than the standard price for a certain coin. You could resell it and buy multiple coins for it's worth. Silver rounds that haven't been produced by a Mint may be cheaper and a decent option if you are planning to hold your silver indefinitely but be aware that the average customer views them with more increduality than an official mint manufactured coin.
coin collecting as a hobby is very good and fun. You might like the Chinese Panda, Mexican Libertad, Australian Kookabura and Koala, the Australian Lunar series coins.. the Lunar Horse will come out on 9/2 nd.
u could go to your bank and ask if they have half dollars. If they do, just trade in paper dollars for halves and look for pre 1970 halves. Halves 1964 and earlier are 90% silver and halves 1965-1969 are 40% silver. The halves that aren't silver, just roll them back up, return it to the bank and start the process again.
Yeah, the Trivium coin is just super awesome! One of my favorite coins but it does have a higher premium than a buffalo indian round or an apmex round. This video is meant for anyone who wants to buy silver and save...
Great video thanks Mr. Vegiita!! :) I enjoy what I am learning from the silver community - it is great to see how supportive everyone is - keep on stacking!! :)
Hi Laura, Silver community here is great. Me, and fellow youtubers like Salivate Metal, Silverfish VT and others are constantly loading up videos and keeping each other informed. thanks for stopping by here.
it's amazing the difference in this video 5 short years ago and today some rules are in stone yet so many others are yesterdays news....like free shipping of today.....and silver prices @ $30.00 5 years ago
HI Travie, that's awesome! No sales tax, no shipping and if your LCS offers silver at very close to spot, that is probably the best deal you can get.. If you don't mind me asking, how are the premiums at your LCS?
yeah, if you live in a state that doesn't charge sales tax, and the coins stores offer low premium silver $0.99 - $1.49, that would be the best value for the money.
Good video. Important points. I believe in my state [ Florida ], you don't pay sales tax on precious metal sales over $500.00... So I wait. Even if the spot is super low today, paying sales tax negates that savings... So I save my cash and wait until I can afford to cross that threshold...
I don't buy any silver rounds that don't have the mint name, or it's initials, on the round. The Buffalo silver round didn't seem to have the mint name. At least Sunshine Minting has SMI on their rounds, also an anti-counterfeiting mint mark.
Also paying a very high premium. Smaller amounts may be "easier" to barter, but you are buying it to store wealth. The dollar's value may crumble, but it won't disappear. I buy a mix, but mostly 10oz and kilos, as well as fractional. You will likely cash in the silver for dollars, you'll just get more dollars inflation
I have the Silver eagle 999 & Canadian Maple 9999. I buy because I like coin's ... Not in it for the money, but if the price goes up or down, I still win ... Like I said ... A hobby ..
Thanks Greg! That's a good thing Australian government would rather charge tax on junky silver :) When buying overseas, I think there's customs tax. A lot of the Perth Mint coins that we buy here in the US have a $5 to $7 premium depending on the dealer. How much of a premium do dealers in Australia charge for American Silver Eagles?
JM Bullion has free shipping on all orders. You have to buy $100 or more to qualify as an order so that's the only thing, but still anything over $100 is free shipping.
We have a few Mints here, the Royal Australian Mint in Canberra, thats the National mint that does the currency and a few Numi's a few gold and silver. The Perth mint is owned by the Western Australian state government, is a colonial remnant that refined and minted gold sovereigns for circ. instead of getting the from britain. Then in 1970 the WA gov got handed ownership from the brits, and diversified its skill into the perth mint coins we see today. Just a bit of trivia, but interesting :-)
+Jordan Montoya Same! ive had 3 seperate orders from JM Bullion, Also look at Apmex, ive done 2 orders through them. Basically identical only Apmex has a little more to offer
+Karrigan Your right Apmex has more selection but I had ordered 10 apmex 1oz bars and they sent me scuffed up secondary market bullion instead of the new shiny ones I had ordered and I was disappointed enough to not buy from there again. Been really impressed with JM so far.
common sense is not common, especially if a person is new to buying precious metals. When I first started buying, I didn't even know Apmex existed and when I did find out about them, I had no idea how reputable they were as a precious metals dealer.
i have just started my silver collection (one week) and many questions have been asked as to why?.... WHY? start a silver collection... from what I have seen, if you think the market will collapse and paper money will be worthless then buying raw silver at its lowest price is best.... if you believe the economy will never collapse then you buy these fancy low production or aesthetically pleasing coins or silver pieces.... or prepare for both and divide your money accordingly.... am i wrong?
+john doe Hi John, I think many people do buy silver with the thought process of the markets potentially collapsing and want an asset outside the financial system. On the other hand, if u think the markets are just fine and will continue to go up, people put money in the stock market. As for buying nice design coins, that's a personal preference. Most people who buy silver bullion tend to buy nice design silver coins as well.
I think saying to stay away from the higher premium coins may not be the best advice. A buffalo round five years from now will only sell for spot price while most of the higher premium coins increase much more. I think everyone should try to educate themselves and make a purchase thats best for them. I don't don'tthink theppp
very bad suggestion to buy generic silver as all you will ever get back is spot price.if you buy eagles you will get the premium back when u sell.if you buy perth mint coins they will always have way more value than generic and eagles and will continue to gain value the older they get and will even increase in value when the silver price dops.im sure you know this by now seeing this video is 3 years old.
While I agree with your post. I wouldn't spend way more then I'm suppose too on silver. Let's say a Johnson Matthey 1 oz bar is selling for 50 bucks. Will you pay that much for a 1 oz or split it and buy two Silver Eagles?
Sell a silver Eagle and see. You'll get spot price for it. The absolutely best advice is getting you silver bought at as close to spot as possible and the generic round is the way to go.
With Silver Eagles, you can get at least $1.00 over spot when you sell to reputable online dealers. +18wheeler76 says don't buy generic bullion but if u do at a lower spot price, and spot price goes up, you can make money. Most dealers will give you spot.
That is wacked (x_x)... The premiums for your own country's government minted coins costs a little more than what we pay for here in the US... But I love the Perth Mint coins. They make spectacular designs :)
You know whats great about this video that I usually leave comments to others for not doing.. is you quoted the current price at the time of recording... and where you said to buy at $27 /oz... because the current spot at the time was higher.. now its $17-18/oz Time to buy as much gold and silver as possible.
MrVegiita judging by how much time has gone by, the current chart pattern, the current economic status of america and China... I dont think itll go any lower... ever. I think this is it.. after this... itll go up.. and if it ever comes back down after that.. it wont go below 17. I think those times are in the past. I think right now Silver and gold are terribly undervalued to what they have been hundreds of years ago. If you look at gold and silver past 10 yrs of charts.. youll see a trend where it likes to stay/flat line at a price for about 5 yrs every decade or so. in between those flat lines youll see the price go up and down but its over pattern between those lies is up. when the next flat line hits.. its always above the previous flat line. If it ever goes below.. then some big rich entity in the market made that happen on purpose so they can buy a lot of it. Once the market adjusts to that big purchase/sell it will remain like that for 5 yrs or so. Just gotta look at the trends in the chart and look at what was going on in the world at that time to get a good idea whats going to happen with silver and gold. Right now the world is more messed up than it ever has been and is a big wake up call to all about how important silver and gold are.. i think gold and silver are going to play a bigger role in society soon and change the valuation used today for everything.
Why not give your local coin shop some business? My local coin shop sells rounds $1.50 over spot and $2.00 over spot for bars. If you purchase $500 or more he will lower the spot premium. I am able to pay CASH, and my state of Texas has just recently done away with sales tax on all gold, silver bullion purchases (God Bless Texas). The benefit of cash is no paper trail, if that worries you.
Sorry for the late reply!! I haven't checked my inbox in a while :3 Usually when silver was high (30+) my dealer sold very close to spot on everything. But now that silver is around 20 he sells with CRAZY PREMIUMS! Even his junk silver $24 dollar an ounce when silver is only 19...
I think people would have appreciated knowing the Buffalo round came from Golden State Mint, a private mint, not a government. Also, it isn't legal tender, it is considered bullion (even though it looks like a coin). Thanks,
Didn't hear about this spot eagles, but there are message board communities like silverstackers, com and bullionstacker, com You can buddy up with people there and buy at spot if u can meet the person, otherwise it's difficult to avoid the shipping fee
selling silver on ebay is not a good idea unless u have an ebay store and u r constantly selling silver like MCM, Scottsdale and Apmex. But buying silver on ebay can be good.
Generally a helpful and nicely prepared video.....but you forgot good ol constitutional...ppre 1965 dime, quarters and halves, which are .715 ounces of silver for every dollar face value in any combo at the lowext premium(and they ship free frm Silvertown)
You work for Johnson Matthey? That's great JM has such values as a company. We need more companies like that. Unfortunately, there are crooks that make fake JM bars as well as other fakes. Does JM make rounds?
yeah buffalo doens't have a face value.. no price tag and it's a boring round. An Englehard prospector round will cost just as much as an American Silver Eagle. Very popular round.
Those are actually pretty good in terms of value for your money. I know a bunch of guys on youtube who bought 1kg perth mint coins. The drawback with the bigger silver is that u can not deal in smaller increments.
I just checked out your vids... cool hobby.. rockets and helicopters :) I used to launch rockets when i was a kid. Thanks for tuning in. I subbed to your channel.
i got fleeced on Ebay by sellers and by the company; they said "list for free" and then insisted on charging me...so now, I deal at the local coin shop with no problems. Ebay would be the last place I'd ever recommend.
just buy 100oz or 500oz denomination bars. They are bang for buck compared to coins. If your budget is limited then buy the non coin 1oz to 10oz silver bits. My choice would be .9999 purity as they are more or less the same price but better in terms of alternative utilization.
That is great advice. Those higher denominations are really low premium. And when you sell it back, I would think dealers will give you near spot price. .9999 silver is usually royal Canadian mint silver. Do you have other .9999 purity silver that u recommend?
MrVegiita Hi, I generally purchase the Kitco 500oz SMI bars. They are quite heavy to lug home, but when I punch my calculator, per ounce its good price. I purchased a good number of these and I'm looking to get some Kitco/SMI Minted Silver Bar 10 oz x 100 when my price target of around $18.50 is met. Although I may be tempted to buy at $19. What I find is the larger denominations you buy the better the price. Coins are indeed very nice, but for me I use it as an alternative investment together with gold so the looks is not a real concern for me. But the coins do look very beautiful. Nice video by the way!!! Kitco was producing the 1000oz bars that are even better priced, but they recently delisted it (last few days) so not sure what the score is with that. All of the above are .9999. I do have a load of .999 bars from the bank of china too as their buy/sell price difference is like $6 per 10 TAEL which is by far the best. Actually the best of the best is from refiners. I went to a local refiner to ask and they were willing to sell me like a huge rock like .999 silver which didn;t look very nice, but the price was the lowest . I couldn't get myself to purchase it because the shape made storage a real big concern for me LOL.
digi051669 This is great info. Thanks for sharing. This is the first time I heard of anyone buying those huge 500oz SMI bars. I didn't even know those 1000 oz bars were for sale. Buying from a refinery is a great idea. Where do you get these 500oz SMI bars? I assume you'd need to buy it from a local place since the shipping will be way too heavy.
MrVegiita Hi, I get it direct from Kitco in Hong Kong. They can deliver ($60USD), but avoid the courier cost so I pick it up myself. the main reason I went with the Kitco 500oz is that BOC silver bars were all purchased up by me (as they have limited amount in circulation as people seldom buy so much, at least in physical form). Obviously they think I'm nuts in buying the physical, but the paper trading of metals is Comex/LBMA so I avoid like the plaque. Also the Kitco 500oz bars are .9999 so better purity. I checked out their 1000g gold bar, but it was made by Matalor, but I wanted the ones from Heraus, so I'm awaiting for them to have it in stock.
Buy in bulk! If you can't afford to buy in bulk use the same company to p-u a few pieces of silver. By being a repeat customer, they will cut you deals on the % of CC purchase fees but never leave a balance on your CC. I use American Express Gold Card most of the time but bullion dealer are getting shy of the % AmerEx charges them. Put silver or gold purchases into you budget, even if it is only $50/month. As a side note, you can purchase Coke stock the same way, every month, yr after yr it adds up...I own a little over 60,000 shares in Coke by doing it that way. I have been doing gold & silver that way since I was 15 yrs old. I retired at 49 yrs old! Watch for deals @ your flea markets where they may not know the true value of that OLD pc of silver & it comes in all different types. Do some homework & educate yourself so you don't buy something worthless....
I believe J.M Bars LLC to be a special company, a company of people proud of their past and excited about their future. Above all, it is a company defined by the character and integrity of its people. As we work to serve our clients, to build strong portfolios and bullion positions in these trying times, we always keep paramount in our minds the importance of advancing our outstanding reputation through our personal integrity, our shared values and our ethical and honest business conduct.
You're comparing a silver round to a silver coin.I do not buy the buffalo rounds because of the fact that they have no brand name or refinery name stamped on them. This makes the buffalo rounds a little harder to sell.
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I only buy Sunshine Silver 10 ounce bars with the new security (Valid) encoder on the back. I am new to the hobby, so I only have that kind. I'm a new stacker, about 12 pounds so far. Under $20 and ounce right now, I'm buying now for the long term.
Cool man, I did not know Sunshine Minting had a new security feature on their 10 oz bars. Neat feature to have. Thanks for watching.
I agree with your logic. 10 oz. bars offer reasonably low premiums and fair liquidity (As opposed to Kilo or 100 oz. bars). I like Sunshine mint and RCM for 10 oz. bars.
Just wanted to comment on the eBay thing. If you find rounds or bars at like 7 dollars an ounce when let's say the market is 25 an ounce its a clad bar or round. Remember if it sounds to good to be true it most likely is.
It is agains ebay policy to sell clad silver as 999 silver on ebay.....they have strict rules on describing the coin or bars as what they are.
Unless you want a "pretty" coin, which costs more, look at buying the most metal for your investment. This comes in the form of silver rounds and silver bars.
Gold Goliath offers the best prices on silver on the internet with great service and no hidden fees.
Gold Goliath looks a bit shady to me.
They have an A+ rating with the BBB and ZERO complaints, ever. Facts speak for themselves.
That doesn't mean they got the best prices... The only way to get prices is to call them. They don't show any prices on their site.
I like point number 5 "Market timing" ! (7mn30s)
Silver 31$ at the time of the video ; below 14$ now.
So I guess you get the most value for your buck by... simply waiting !
+Didier deNice yes, u can do that.
+MrVegiita 8. Make sure you don't get ripped off...
+JPMorganSuckBigBalls LMAO!!! That's a good one
MrVegiita Why constitutional silver is way over-spot? Idk...
I think junk silver would be a good option too. If you only have one ounce coins and bars, that may be too much for a transaction, depending on how high the price of silver soars.
+Al May junk silver is also collectible
Vintage Mr. Vegiita! Glad this one showed up for me to watch. Pretty fun to hear about silver prices and premiums back then. Take care.
Those were the good ole days 👍🏻
Yes, Take advantage of No sales tax on gold bullion and precious metals. Also, if your state does require sales tax then buy from a state that doesn't or take a little road trip! Could save you the big bucks!
Yeahp, avoiding sales tax will help big time. Thanks for watching.
Thank you for the kind words. I will be doing a video review of online bullion dealers soon.
MrVegitta, this video is more current than ever. My case for example I changed completely: my main objective, the purpose for my Fiat is Gold. Instead of the regular minimum ~$100 for free shipping I stretch a bit for a minimum of 1/10 Gold (or one of the sovereigns usually with much lower prrvium, even close to spot).
Another tweak, credit card points and other points programs like Bing or hotels. I was using for gold which got a bit more restrictive, now I am getting my core (mostly 1Oz Britannias), if it is gift card I have to go for the cheapest generic ... All of this is free.
Thanks for taking the time to answer my questions.
that's a good question... dealers like Apmex, Provident and Gainesville will buy back your metals.. just gotta calculate the shipping cost. My local dealer doesn't have good prices to buy but usually buys back around $1-$2 under the spot.
Another consideration I use is if a coin capsule is included or not. These are nice to keep your coins in top condition and they cost around two dollars each if you buy them separate.
yes, when you purchase a roll, it comes in the tube.
2 Silver Eagles at spot is the initial limit. If you begin trading futures, you can then purchase additional Eagles at spot.
excellent! the buffalo round is a very good choice.. very well recognized yet under rated by many.
i would if my state got rid of the taxes like they did for Texas. Your coin dealer is really cool and you get to buy silver without taking into account any taxes or shipping. Having no paper trail is an added plus.
both apmex and provident metals will give you free shipping if 100 plus
+william waddell Yes, JM Bullion will also give u free shipping $100 order or more
SuperSayan Vegeta I thought so but I didn't want to check it
+william waddell Modern Coin Mart doesn't charge shipping for any amount of an order
jethrodassam interesting I didn't know there was a place like that for precious metals
william waddell The same goes for Aydin coin & jewelry co.
Wait- what? today is May 7th, 2017and silver is $16.31 at the close Friday. it was $17 three years ago and $32 four years ago and $45 six years ago.... AND $48 mid day on Jan 20th 1980 thirty Seven years ago. Just say'n
Howzyer Bippy yup
Silvertowne's premium is low - about $2 over spot for their house bars and rounds. I strictly buy the 1oz, 5oz and 10oz Silvertowne branded bars since they ship free. It's a common product in the trade, often referred to as "silver donkey bars." Remember, they're no tax as long as you don't live in Indiana where Silvertowne is based or in a state that collects internet sales tax.
I don't want to pay taxes or shipping when I'm already paying a premium for silver bullion. If you buy from silvertowne you can get their house bars and rounds usually with free shipping and no taxes. This beats my local coin dealers and the stock is sealed and there is no risk of the counterfeits from second hand bullion.
Most definitely! Especially if the seller is a trustworthy reputable source of silver eagles. When there's a good deal like that, some will become suspicious because there are fake silver eagles being sold in the market.
i also recommend Provident Metals. They charge a very fair shipping rate, and no tax outside of TX. For TX residents, sales tax is exempt for orders above $500. Greg, can you make a video of your silver bar collection?
The bottom line here is just ask yourself: What do you want out of investing in silver? If the answer is a hedge VS. inflation, or simply to save your wealth in a physical form. Buy whatever silver has the lowest premium, doesn't matter what animal of face is on the coin. Buy it in the cheapest rough form that you can possibly find, because guess what at the end of the day 1oz of silver is 1oz of silver no matter what premium you payed. On the flip side, if you buy silver to make quicker profits possibly month to month or year to year, you may consider some numismatic of semi numismatic coins, as they tend to increase in value at a faster rate if you buy the right coins and can turn frequent short term profits. They also add some excitement to the skill of silver trading. Try mixing both of these methodolgies for most effective silver stacking results!
Yeah, I favor your suggestion to buy lowest premium and also invest in semi numi or numi silver for faster gains. digi051669 said he gets 500 oz SMI bars that are 9999 purity and very close to spot price.
I just bought a 1oz round of bullion from a LCS (Local coin shop) for $2 over spot, no sales tax, and I live in Washington State. From what I've read, $2 over spot (Spot is currently $14.77 as of this post) is normal for coin shops that sell bullion. Throw in no sales tax, and that's what I call a deal.
Dylan Coates It's not bad for a LCS pickup. Sometimes you can do better. And I've posted many videos in the past where silver on ebay was near spot, or sometimes below spot using credit card and other cash back kick backs.
MrVegiita
Yeah I won't trust ebay since there's no way to tell if it's real or not until you recieve it. Not to mention I don't have a paypal account since it was shut down back in november due to it getting hacked.
Also, id look to just say great video, very informative! And your spot on with those buffalos, they are such a great value.
The Canadian Maple Leaf has a lower premium, right now, than the Eagle.
yeah, i was just looking on some bullion sites and the maples are around 21 and change.. good price.
Greg Hensley
Thanks Greg! Watching the vids now.
I just bought the Native American Buffalo 1oz 999 silver coin today . I like it & as a collector for yrs. It's a nice coin to have ..
Washington State does not charge sales tax on bullion.
+breotan Neither Oregon.
California, even though it has Sales Tax, there is a provision in the tax code which say if you purchase more than $1500 at a time, no tax will be charged
Yes, that is true but most people cant' invest $1500 at a time so they are better off buying from another state to avoid sales tax. NY state has the same tax exemption law for purchases greater than $1000
Also something to share; If you want the biggest bang for your buck, so to speak, do not purchase any type of coinage. Purchase bullion. You can get Gold and Silver bullion bars that weigh as little as one ounce.
You can even purchase what are called Valcambi bars where they are scored sheets of I believe 50 grams or about 1.8 ounces each; Valcambi CombiBar - The New Gold Standard in Gold
Many coins including Valcambi bars are way over priced and will not give you much bang for your buck, as it were. Sorry, but purchasing coinage is stupid unless you are collector and know of the Numismatist value of the coins you are wanting to purchase. Bars are always the better alternative if you are wanting value for the dollars you are spending.
In terms of buying as much as you can, bars are usually better but not always the case. American Silver Eagles for example, have a premium but most dealers love to buy it back for $1.50 or more over the spot price at the current silver price. Silver bars will sell a little below spot, or at spot.
I purchase both. I like that there is never a hassle to sell my mainstream coins (Eagles, Maples, Pandas, etc, etc.) In fact, the older my coins the more of a premium I will get. I never get any near that type of premium for my bullion. Really I don't care cause my plan is to only start selling in 25 years so I am sure the price will be almost double what I paid for them but the premium on the older coins should be enough to make it worth it.
TIB1973
If your time frame is 25 years, i think you will more than double your investment. And I agree, there's no hassel wil mainstream coins.
Very nice tips. Thank you for the advice! The more silver we can get for our money the better. I've been considering buying silver but didn't know where to get started. So thank you again. I appreciate all the info. Subbed you, take care.
Hi Brice, great to hear this video helped you and thanks for the sub. You can check out www.jmbullion.com b/c they have FREE shipping, no tax.
Alaska dosen't charge sales tax as well... Find a local dealer and pay cash. No questions asked no papertrail.
Thanks for your vid. As long as you can recoup your premium when you sell, I do not care how much the premium is. For Silver Eagles, you will always get two dollars above spot when you sell, so if I pay a a similar dollar premium when you buy them it doesn't matter. The main thing is to make sure you do not pay high premiums on rounds or bars that will not pay you a similar premium when you sell them.
It will depend on who you sell your silver to. Selling on ebay will incur fees, so hopefully your LCS (local silver store) or online dealer gives you a good price.
The Canadian Silver Maple Leaves are generally sold at a lower premium than the USA Silver Eagles.
eBay charges 10% of sale price plus additional 3% for payment made via PayPal, so most eBay sellers will add this 13% on top of their listing price making it an extra amount of buyer's premium, for what I know the prices for .999 silver on eBay are often more expensive than say, many dealer's offering on their websites. When buying on eBay make sure to check out seller's info page to see if they are selling cheaper on their own websites.
yes, ebay buyers don't seem to mind paying a little extra for silver. you can save by finding ebay sellers that offer silver for pretty good price.
Currently, Oct 2018, spot is $14.75. Great advice, echoed by many in the community.
Oklahoma law changed in 2014 and sales tax is not charged anymore on precious metals. So Apmex is now good to go.
+okbow68 Since when they tax for metal?
Unconstitutional...
+JPMorganSuckBigBalls constitutional huhuhu! whats that?
pandarama67 Article 1 - Section 10.
JPMorganSuckBigBalls yes i know i just wish the people who ran things knew as well also
i hope more states adopt this law
This may fall in line with ebay but swap meets, flea markets and garage sales where its private party to private party is good, no shipping, tax and its usually for spot or a little more.
In the overall scope of silver investing, it would be good to diversify some of the money into higher premium coins. This video was made just for those who want to get maximum value from their money (going by ounces). I just uploaded a video on high vs low premium.. and i'm going to do a video on high premium silver and how to
Thank you builliondotcom! I like that formula "Total price delivered to the door / divided by ounces = what goes in the spreadsheet"
The more silver you buy at 1 time the better you're doing for yourself with regards to shipping and price over spot. JM Bullion has a deal right now for rolls (10, 1oz coins) of Britannias and if you buy 50 rolls or more with a check or bank wire it's only $1.49 over spot price for each coin. However, that comes to $9,140 total for the 500 coins, an expense that most people would have to save quite a while for. I say you should save your money for big purchases instead of buying 1 or 2 coins at a time.
Bbuying in large amounts can help. There's also market timing. Silver was at 14.50 last night. Now over 16.
Good advice. I would like to add that unfortunately, when buying online it is difficult to avoid taxes and shipping rates, it's understandable that sellers want to protect themselves. Deals on sites like Ebay are few and far between. If you see a seller selling multiple coins and bars try to negotiate a price with him/her that includes shipping.
Another aspect would be to study the photos carefully for Privy marks as that particular coin could have a higher Numismatic value than the standard price for a certain coin. You could resell it and buy multiple coins for it's worth.
Silver rounds that haven't been produced by a Mint may be cheaper and a decent option if you are planning to hold your silver indefinitely but be aware that the average customer views them with more increduality than an official mint manufactured coin.
coin collecting as a hobby is very good and fun. You might like the Chinese Panda, Mexican Libertad, Australian Kookabura and Koala, the Australian Lunar series coins.. the Lunar Horse will come out on 9/2 nd.
In Florida you pay sales tax for non US coins . Buy in Florida at the coin shows as they many times don’t charge tax
u could go to your bank and ask if they have half dollars. If they do, just trade in paper dollars for halves and look for pre 1970 halves. Halves 1964 and earlier are 90% silver and halves 1965-1969 are 40% silver. The halves that aren't silver, just roll them back up, return it to the bank and start the process again.
yes, that is coin roll hunting. Hit or miss but it can be fun.
Yeah, the Trivium coin is just super awesome! One of my favorite coins but it does have a higher premium than a buffalo indian round or an apmex round. This video is meant for anyone who wants to buy silver and save...
Best deal is any silver from one of the many recognizable mints that beats any others price.
Great video thanks Mr. Vegiita!! :) I enjoy what I am learning from the silver community - it is great to see how supportive everyone is - keep on stacking!! :)
Hi Laura, Silver community here is great. Me, and fellow youtubers like Salivate Metal, Silverfish VT and others are constantly loading up videos and keeping each other informed. thanks for stopping by here.
it's amazing the difference in this video 5 short years ago and today some rules are in stone yet so many others are yesterdays news....like free shipping of today.....and silver prices @ $30.00 5 years ago
yeah, times have changed
HI Travie, that's awesome! No sales tax, no shipping and if your LCS offers silver at very close to spot, that is probably the best deal you can get.. If you don't mind me asking, how are the premiums at your LCS?
Thanks man. I think there will be more beginner precious metal buyers next year and the years to come.
yeah, if you live in a state that doesn't charge sales tax, and the coins stores offer low premium silver $0.99 - $1.49, that would be the best value for the money.
Good video. Important points. I believe in my state [ Florida ], you don't pay sales tax on precious metal sales over $500.00... So I wait. Even if the spot is super low today, paying sales tax negates that savings... So I save my cash and wait until I can afford to cross that threshold...
ok, so u buy over $500 at once.. that's a good way to bypass the sales tax.
I don't buy any silver rounds that don't have the mint name, or it's initials, on the round. The Buffalo silver round didn't seem to have the mint name. At least Sunshine Minting has SMI on their rounds, also an anti-counterfeiting mint mark.
There are many mints that make the Buffalo round
i only buy 1oz bars
Smaller increment silver like 1 oz is technically better because it is more fungible.
Also paying a very high premium. Smaller amounts may be "easier" to barter, but you are buying it to store wealth. The dollar's value may crumble, but it won't disappear. I buy a mix, but mostly 10oz and kilos, as well as fractional. You will likely cash in the silver for dollars, you'll just get more dollars inflation
I mainly stack 1 oz coins and rounds, But I do have a few bars.
I have the Silver eagle 999 & Canadian Maple 9999. I buy because I like coin's ... Not in it for the money, but if the price goes up or down, I still win ... Like I said ... A hobby ..
Thanks Greg! That's a good thing Australian government would rather charge tax on junky silver :) When buying overseas, I think there's customs tax. A lot of the Perth Mint coins that we buy here in the US have a $5 to $7 premium depending on the dealer. How much of a premium do dealers in Australia charge for American Silver Eagles?
JM Bullion has free shipping on all orders. You have to buy $100 or more to qualify as an order so that's the only thing, but still anything over $100 is free shipping.
yeah, free ship is great. buy 4 to 5 oz. they are moving their distribution center so u may not get the orders in a timely manner.
Yeah, when I ordered they sent me an email saying it might take a while to get my order but it still came in like a week or so.
SilverTowne mint offers free shipping and Apmex does as well if you purchase over $100.00
Yes, they do. Thanks.
leave no trace behind...privacy is key..imho
buy from your local coin store for cash. the premium you pay is the price of privacy and freedom
i heard from Apmex that they don't report sales to the IRS. Only for select items and very expensive purchases.
And the NSA Promised to put all metadata in a little shoebox and dig a hole in the backyard and bury it. ...lmbo
oh if u r talking about NSA, we have no privacy at all (x_x)
Yessir..
We have a few Mints here, the Royal Australian Mint in Canberra, thats the National mint that does the currency and a few Numi's a few gold and silver. The Perth mint is owned by the Western Australian state government, is a colonial remnant that refined and minted gold sovereigns for circ. instead of getting the from britain. Then in 1970 the WA gov got handed ownership from the brits, and diversified its skill into the perth mint coins we see today. Just a bit of trivia, but interesting :-)
The S in Illinois is silent when you say it. You don't pronounce the S
ok
Carson City! love from the SILVER STATE!!!
Jm Bullion, Free shipping on every order. The only thing is you have to have 100$ in your cart before you can check out, but thats not so hard.
Yeah, they got decent prices
MrVegiita yeah, i buy all my silver from them :)
+Jordan Montoya Same! ive had 3 seperate orders from JM Bullion, Also look at Apmex, ive done 2 orders through them. Basically identical only Apmex has a little more to offer
+Karrigan Your right Apmex has more selection but I had ordered 10 apmex 1oz bars and they sent me scuffed up secondary market bullion instead of the new shiny ones I had ordered and I was disappointed enough to not buy from there again. Been really impressed with JM so far.
+John Ehrlich you can ask for a replacement if u r not satisfied.
common sense is not common, especially if a person is new to buying precious metals. When I first started buying, I didn't even know Apmex existed and when I did find out about them, I had no idea how reputable they were as a precious metals dealer.
i have just started my silver collection (one week) and many questions have been asked as to why?.... WHY? start a silver collection... from what I have seen, if you think the market will collapse and paper money will be worthless then buying raw silver at its lowest price is best.... if you believe the economy will never collapse then you buy these fancy low production or aesthetically pleasing coins or silver pieces.... or prepare for both and divide your money accordingly.... am i wrong?
+john doe Hi John, I think many people do buy silver with the thought process of the markets potentially collapsing and want an asset outside the financial system. On the other hand, if u think the markets are just fine and will continue to go up, people put money in the stock market. As for buying nice design coins, that's a personal preference. Most people who buy silver bullion tend to buy nice design silver coins as well.
I think saying to stay away from the higher premium coins may not be the best advice. A buffalo round five years from now will only sell for spot price while most of the higher premium coins increase much more. I think everyone should try to educate themselves and make a purchase thats best for them. I don't don'tthink theppp
yeah, some of the LCS like mine charge outrageous premiums. They charge $38.40 for a Chinese Panda where most online dealers charge under $30.
very bad suggestion to buy generic silver as all you will ever get back is spot price.if you buy eagles you will get the premium back when u sell.if you buy perth mint coins they will always have way more value than generic and eagles and will continue to gain value the older they get and will even increase in value when the silver price dops.im sure you know this by now seeing this video is 3 years old.
While I agree with your post. I wouldn't spend way more then I'm suppose too on silver. Let's say a Johnson Matthey 1 oz bar is selling for 50 bucks. Will you pay that much for a 1 oz or split it and buy two Silver Eagles?
hi, i agree with you, unless you sell at a Pawn shop, you are lucky to get spot....
Sell a silver Eagle and see. You'll get spot price for it. The absolutely best advice is getting you silver bought at as close to spot as possible and the generic round is the way to go.
With Silver Eagles, you can get at least $1.00 over spot when you sell to reputable online dealers. +18wheeler76 says don't buy generic bullion but if u do at a lower spot price, and spot price goes up, you can make money. Most dealers will give you spot.
chrisiden I assume pawn shops give you way less than spot
That is wacked (x_x)... The premiums for your own country's government minted coins costs a little more than what we pay for here in the US... But I love the Perth Mint coins. They make spectacular designs :)
You know whats great about this video that I usually leave comments to others for not doing.. is you quoted the current price at the time of recording... and where you said to buy at $27 /oz... because the current spot at the time was higher.. now its $17-18/oz Time to buy as much gold and silver as possible.
Yeah, and we saw silver go down to 13.50 and gold to 1050. I hope it goes there one more time before the big run up.
MrVegiita judging by how much time has gone by, the current chart pattern, the current economic status of america and China... I dont think itll go any lower... ever. I think this is it.. after this... itll go up.. and if it ever comes back down after that.. it wont go below 17. I think those times are in the past. I think right now Silver and gold are terribly undervalued to what they have been hundreds of years ago. If you look at gold and silver past 10 yrs of charts.. youll see a trend where it likes to stay/flat line at a price for about 5 yrs every decade or so. in between those flat lines youll see the price go up and down but its over pattern between those lies is up. when the next flat line hits.. its always above the previous flat line. If it ever goes below.. then some big rich entity in the market made that happen on purpose so they can buy a lot of it. Once the market adjusts to that big purchase/sell it will remain like that for 5 yrs or so. Just gotta look at the trends in the chart and look at what was going on in the world at that time to get a good idea whats going to happen with silver and gold. Right now the world is more messed up than it ever has been and is a big wake up call to all about how important silver and gold are.. i think gold and silver are going to play a bigger role in society soon and change the valuation used today for everything.
I suspect gold and silver will be a lot higher by next summer.
Why not give your local coin shop some business? My local coin shop sells rounds $1.50 over spot and $2.00 over spot for bars. If you purchase $500 or more he will lower the spot premium. I am able to pay CASH, and my state of Texas has just recently done away with sales tax on all gold, silver bullion purchases (God Bless Texas). The benefit of cash is no paper trail, if that worries you.
Hi Nicky, great to hear u started investing in silver. How did you start?
Also JM Bullion will sell 10 troy oz silver for first time buyer @ spot, so take advantage of this
yup, that's a good deal
Sorry for the late reply!! I haven't checked my inbox in a while :3
Usually when silver was high (30+) my dealer sold very close to spot on everything. But now that silver is around 20 he sells with CRAZY PREMIUMS! Even his junk silver $24 dollar an ounce when silver is only 19...
I think people would have appreciated knowing the Buffalo round came from Golden State Mint, a private mint, not a government. Also, it isn't legal tender, it is considered bullion (even though it looks like a coin).
Thanks,
Hi Toby, i think the buffalo round is made by different mints including the Golden State Mint.
Didn't hear about this spot eagles, but there are message board communities like silverstackers, com and bullionstacker, com You can buddy up with people there and buy at spot if u can meet the person, otherwise it's difficult to avoid the shipping fee
selling silver on ebay is not a good idea unless u have an ebay store and u r constantly selling silver like MCM, Scottsdale and Apmex. But buying silver on ebay can be good.
mcrfuse: Thanks for the info! I will add a footnote to that part on sales tax. I think this kind of information helps the silver community.
I live in WA and was told by the NWTM they don't charge sales tax.
Ok, i can inquire with them to make sure that WA doesn't charge sales tax.
yeah, that has been the trend since the prices have come down.. its like that for most online dealers.
Generally a helpful and nicely prepared video.....but you forgot good ol constitutional...ppre 1965 dime, quarters and halves, which are .715 ounces of silver for every dollar face value in any combo at the lowext premium(and they ship free frm Silvertown)
You work for Johnson Matthey? That's great JM has such values as a company. We need more companies like that. Unfortunately, there are crooks that make fake JM bars as well as other fakes. Does JM make rounds?
Its funny cause the minimal premium on silver eagles where i live is 4-5$. Pandas and most of the other foreign silver coins go for 40-60$ a piece.
yeah buffalo doens't have a face value.. no price tag and it's a boring round. An Englehard prospector round will cost just as much as an American Silver Eagle. Very popular round.
What do you think of the 1 kg coins by the Perth mint? They have a lower premium, and look really nice. Now they go for about $700
Those are actually pretty good in terms of value for your money. I know a bunch of guys on youtube who bought 1kg perth mint coins. The drawback with the bigger silver is that u can not deal in smaller increments.
Then you get stuck with them and sell for less! Or get a shitty pricefrom these rip off companies!
I just checked out your vids... cool hobby.. rockets and helicopters :) I used to launch rockets when i was a kid. Thanks for tuning in. I subbed to your channel.
Big Eagle Fan here, Canadian Eagles that is:)
i got fleeced on Ebay by sellers and by the company; they said "list for free" and then insisted on charging me...so now, I deal at the local coin shop with no problems.
Ebay would be the last place I'd ever recommend.
just buy 100oz or 500oz denomination bars. They are bang for buck compared to coins. If your budget is limited then buy the non coin 1oz to 10oz silver bits. My choice would be .9999 purity as they are more or less the same price but better in terms of alternative utilization.
That is great advice. Those higher denominations are really low premium. And when you sell it back, I would think dealers will give you near spot price. .9999 silver is usually royal Canadian mint silver. Do you have other .9999 purity silver that u recommend?
MrVegiita
Hi, I generally purchase the Kitco 500oz SMI bars. They are quite heavy to lug home, but when I punch my calculator, per ounce its good price. I purchased a good number of these and I'm looking to get some Kitco/SMI Minted Silver Bar 10 oz x 100 when my price target of around $18.50 is met. Although I may be tempted to buy at $19. What I find is the larger denominations you buy the better the price. Coins are indeed very nice, but for me I use it as an alternative investment together with gold so the looks is not a real concern for me. But the coins do look very beautiful. Nice video by the way!!! Kitco was producing the 1000oz bars that are even better priced, but they recently delisted it (last few days) so not sure what the score is with that. All of the above are .9999. I do have a load of .999 bars from the bank of china too as their buy/sell price difference is like $6 per 10 TAEL which is by far the best. Actually the best of the best is from refiners. I went to a local refiner to ask and they were willing to sell me like a huge rock like .999 silver which didn;t look very nice, but the price was the lowest . I couldn't get myself to purchase it because the shape made storage a real big concern for me LOL.
digi051669 This is great info. Thanks for sharing. This is the first time I heard of anyone buying those huge 500oz SMI bars. I didn't even know those 1000 oz bars were for sale. Buying from a refinery is a great idea. Where do you get these 500oz SMI bars? I assume you'd need to buy it from a local place since the shipping will be way too heavy.
MrVegiita
Hi, I get it direct from Kitco in Hong Kong. They can deliver ($60USD), but avoid the courier cost so I pick it up myself. the main reason I went with the Kitco 500oz is that BOC silver bars were all purchased up by me (as they have limited amount in circulation as people seldom buy so much, at least in physical form). Obviously they think I'm nuts in buying the physical, but the paper trading of metals is Comex/LBMA so I avoid like the plaque. Also the Kitco 500oz bars are .9999 so better purity. I checked out their 1000g gold bar, but it was made by Matalor, but I wanted the ones from Heraus, so I'm awaiting for them to have it in stock.
Thanks :) Wanted to make a vid to help as many silver buyers as possible.
i like 1 oz coins and 10 oz bars and lean more towards the 1 oz coins..
Buy in bulk! If you can't afford to buy in bulk use the same company to p-u a few pieces of silver. By being a repeat customer, they will cut you deals on the % of CC purchase fees but never leave a balance on your CC. I use American Express Gold Card most of the time but bullion dealer are getting shy of the % AmerEx charges them. Put silver or gold purchases into you budget, even if it is only $50/month. As a side note, you can purchase Coke stock the same way, every month, yr after yr it adds up...I own a little over 60,000 shares in Coke by doing it that way. I have been doing gold & silver that way since I was 15 yrs old. I retired at 49 yrs old! Watch for deals @ your flea markets where they may not know the true value of that OLD pc of silver & it comes in all different types. Do some homework & educate yourself so you don't buy something worthless....
I'm always thinking on the opposite angle, not how much am I paying, but how much will I be able to sell it for.
+Gold Goblin whatever the spot price is when u want to sell. ideally buy low and sell high
I believe J.M Bars LLC to be a special company, a company of people proud of their past and excited about their future. Above all, it is a company defined by the character and integrity of its people. As we work to serve our clients, to build strong portfolios and bullion positions in these trying times, we always keep paramount in our minds the importance of advancing our outstanding reputation through our personal integrity, our shared values and our ethical and honest business conduct.
You're comparing a silver round to a silver coin.I do not buy the buffalo rounds because of the fact that they have no brand name or refinery name stamped on them. This makes the buffalo rounds a little harder to sell.
most dealers will buy back buffalo rounds at spot
Thanks Elvis! I updated the eBay links with APMEX and MCM
california also has no sales tax as long as you buy more then $3000 of silver
that is too much to buy. CA needs to lower that threshold.
Hi Jennifer, Thanks for the info! Goldmart is from NV right?
Cool, I'll look into sales tax for WA state with bullion. I know WA doesn't charge state income tax.