I tell my customers, If you don't hold it, you don't own it. When you give the cash, you must also receive the product. See and inspect the product before you pay!
@@vermillionenterprises Time is money 💰 A seller sorting out items to sell is only common courtesy. Wishing you and Tim a wonderful Thanksgiving 2024 from Flagler Beach 🏖️ coming to meet y’all soon. Mickey
thats realy good to know i was at Brian's shop and made a perches and drop a 20 dollar bill and dident know that I did and Brian came out in the parking lot to tell me sir you drop this now thats a honest man and shop thank you
One time when I had to sell some gold for rent I took a Kruggerand to a coin dealer and he said I will pay you spot price. Well when he was writing out the receipt he "looked at the price" and wrote down a price $100 less than spot! I was in my early 20's and didn't look like I knew what it was. Maybe he thought I stole the coin. I corrected him and he paid me the full price. Never visited him again
Just went to a coin shop to sell a 1/2oz Gold maple for some Christmas money. No problem that I bought it at 6% over spot. 2 days ago I visited the shop and tried to sell the same coin back to him and I’m offered 2% UNDER spot then offered a CHECK!. NEVER GOING BACK! 🔥
Great video Brian and Tim! I have been doing this for 43 years and the way the customer you described not only was beneficial to himself, but it was a common courtesy towards you as a business owner in which time truly is money.
Brian, thanks for another informative video! I had a problem with Northwest Territorial Mint a few years ago - I paid for the product and never got the silver. I finally got ahold of an understanding gal there, and they finally reimbursed the money. It can be upsetting for a while, to say the least.
When Congress mandated form 8300 in 1970, the average new car price was $3,500. If Government continues to inflate you'll need a form 8300 to buy a stick of chewing gum with cash.
Simply the best and clearest information presented in a straightforward manner. I have basic instructions written down (electronic and hard copy) and included with my banking and investment info. All coins are wrapped or tubed, and then labeled with face amount and initial amount paid (got some St. Gaudens in there, so there's a hefty premium on those). Like somebody mentioned in a comment below, I think that I'll include your contact info for liquidation purposes.
For my "material", I have everything listed per the price paid. Always wondering if I am clear enough, don't want to assume prior knowledge, so we talk a lot. Never thought about citing Vermillion Enterprises as a contact, that is a really good idea.
Brian and Tim thanks for a great video !! Can you do a video on how you got into the precious metals industry we would be very interested in the History of how you got started and Tim !!! Thank you 🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸
I started silver stacking to save money, I buy stuff I'm willing to sell, I don't want to fall in love with some coin or whatever, it's going to be sold if needed, then I will be buying asap because I use it besides saving, I do buy mostly premium types mostly because you do get a better price, also silver stuff is good for gifts because most people will keep it
Buy silver as a way to save outside the system our pay checks bounced so I sold some Kennedy's to get what I need to hold me over till they make it right.Thanks !!!! Vermillion ent.
Pity about removing from 2 x 2's. Coin history is very important to me, and they are labeled as to how I acquired/received them. Though I definitely get your position here.
That's a pretty good payday for the seller BUT it would have been significantly more had he sold a month ago, or perhaps waited a bit, as it's rising again now.
@ true and I’m cautious when I have to do it also. But we’re in the minority as to what precious metals are and the value of them. You could take those metals and throw them in the streets and people wouldn’t even pick them up. Not so with cash. Have you seen the videos of the dealer in nyc who offers people a 1oz gold coin or $20. They almost always take the $20.
What are your thoughts?
I tell my customers,
If you don't hold it, you don't own it. When you give the cash, you must also receive the product.
See and inspect the product before you pay!
I feel terrible for those people who are duped.
gold is back
Imagine the capital gain was not disclosed 😺
@@vermillionenterprises Time is money 💰 A seller sorting out items to sell is only common courtesy. Wishing you and Tim a wonderful Thanksgiving 2024 from Flagler Beach 🏖️ coming to meet y’all soon. Mickey
I actually have you guys listed in my liquidation instructions in the event of my untimely departure 😁
thank you sir, that means a lot
thats realy good to know i was at Brian's shop and made a perches and drop a 20 dollar bill and dident know that I did and Brian came out in the parking lot to tell me sir you drop this now thats a honest man and shop thank you
One time when I had to sell some gold for rent I took a Kruggerand to a coin dealer and he said I will pay you spot price. Well when he was writing out the receipt he "looked at the price" and wrote down a price $100 less than spot! I was in my early 20's and didn't look like I knew what it was. Maybe he thought I stole the coin. I corrected him and he paid me the full price. Never visited him again
Just went to a coin shop to sell a 1/2oz Gold maple for some Christmas money. No problem that I bought it at 6% over spot. 2 days ago I visited the shop and tried to sell the same coin back to him and I’m offered 2% UNDER spot then offered a CHECK!. NEVER GOING BACK! 🔥
Great video Brian and Tim! I have been doing this for 43 years and the way the customer you described not only was beneficial to himself, but it was a common courtesy towards you as a business owner in which time truly is money.
Local coin shops should all send you a Christmas card
Thanks for the info Brian, and Tim!
This information is priceless. Thank you for taking the time and doing the research for your listeners. Keep up the good work.
Brian, thanks for another informative video!
I had a problem with Northwest Territorial Mint a few years ago - I paid for the product and never got the silver. I finally got ahold of an understanding gal there, and they finally reimbursed the money. It can be upsetting for a while, to say the least.
Thank you for a great video.
Thank you for watching
When Congress mandated form 8300 in 1970, the average new car price was $3,500. If Government continues to inflate you'll need a form 8300 to buy a stick of chewing gum with cash.
agreed, the threshold needs to be raised for sure
Excellent content! 👍
Thank you for watching
Simply the best and clearest information presented in a straightforward manner. I have basic instructions written down (electronic and hard copy) and included with my banking and investment info. All coins are wrapped or tubed, and then labeled with face amount and initial amount paid (got some St. Gaudens in there, so there's a hefty premium on those). Like somebody mentioned in a comment below, I think that I'll include your contact info for liquidation purposes.
For my "material", I have everything listed per the price paid. Always wondering if I am clear enough, don't want to assume prior knowledge, so we talk a lot. Never thought about citing Vermillion Enterprises as a contact, that is a really good idea.
Brian and Tim thanks for a great video !! Can you do a video on how you got into the precious metals industry we would be very interested in the History of how you got started and Tim !!! Thank you
🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸
sorry no interesting origin story here, Tim replied to a help wanted ad i placed for a SEO position
THANK YOU SIR ❗️
Thank you for watching, we appreciate it
Was a form IRS 8300 applicable to this transaction (bullion > check) ?
I started silver stacking to save money, I buy stuff I'm willing to sell, I don't want to fall in love with some coin or whatever, it's going to be sold if needed, then I will be buying asap because I use it besides saving, I do buy mostly premium types mostly because you do get a better price, also silver stuff is good for gifts because most people will keep it
He had a nice shop up town .
Buy silver as a way to save outside the system our pay checks bounced so I sold some Kennedy's to get what I need to hold me over till they make it right.Thanks !!!! Vermillion ent.
1:58.............."He had his Junk (90) separated........".............🤣😂
LOLOLOLOLOLOL
Thanks for the "Material" 😂
What about sets in dansco albums? Leave coins in?
yes, still have to be verfied
Pity about removing from 2 x 2's. Coin history is very important to me, and they are labeled as to how I acquired/received them.
Though I definitely get your position here.
My wife wants to know why I am suddenly calling everything “material” now 😮
LOL
😂🤣😂
Bc that's what it is, material.
Ill tell you ! I live in the town in Bay City Mi ,he was taking ppl money and going to the Soring egal
Brian, I love your updates but I really wish your audio was better, I really do….
Oh and thank you for the information!! Still looking for those 1 Kilo Aussie Coins…
thank you for watching
Smooth is good.
The best advice is don’t gold and silver is one of the slowest ways to make money
Prior Proper Planning Prevents Piss Poor Service
I wonder how long before Gainesville Coins get caught for what they do?
Has anyone ever unknowingly tried to sell you fake slabs from NGC or PCGS? I’ve heard they are out there.
unknowingly???? not sure, but it does happen from time to time
That's a pretty good payday for the seller BUT it would have been significantly more had he sold a month ago, or perhaps waited a bit, as it's rising again now.
All the stores want bullion, no one will pay for rare coins. A guy offered me $45 for my V75 PF70 🙄🙄🙄
Had
Why not 44 cash
????
Maybe the customer "wanted" a check payment ?🤔
That’s a lot of cash to walk around the streets with.
@Johnsmith46392 well, the guy was walking around with 44k in metals.... soooo....🤔
@ true and I’m cautious when I have to do it also. But we’re in the minority as to what precious metals are and the value of them. You could take those metals and throw them in the streets and people wouldn’t even pick them up. Not so with cash. Have you seen the videos of the dealer in nyc who offers people a 1oz gold coin or $20. They almost always take the $20.
OCD