interesting video. one good point about silver seeker is that he encourages viewers to call around and get the best price to sell your metals, or get a price to see what your pricing is. i like your method of the little signage that you feature when showing your inventory. i would like to see a more direct price quote with tax if i were to buy from you, whether its gold or silver. the talk of the 1099 b is kinda scary. it makes me want to not buy. yet i know its important to know. i played the drinking game for everytime you said "not everything is real on youtube" so im buzzed. thank you guys. p.s. i do call around when im thinking of selling my silver, and i dont always follow through but i greatly appreciate the courtesy i recieve from shop owners.
I agree with the comments that silver seekers videos are very informative. I think they really drive the point home, especially to those new to precious metals, that you need to compare prices not just when you buy but when you sell. I also was wondering about the mandatory check payment, glad to hear that answered here. I enjoy both channels, but I disagree that what silver seekers does is wrong, I find it very valuable.
I Absolutely disagree with you on "the shoping around videos". Silver seekers videos of doing this is very informative. Besides the way I see it, my money is more valuable than there time.
I saw the video in question and am a subscriber to his channel as well as yours. When he calls the shops in question, his calls average less than a minute long. The purpose behind the video is to demonstrate to the viewers the importance of checking with more than one buyer when it comes time to sell your bullion. He had one shop that offered him $160 below spot, per coin. He doesn’t release the names of the shops to cause problems for them or anything like that. If anything, his video made your shop look good. As I was watching it, I was thinking “Vermillion offers more than any of these guys”. My $.02.
Man, I love your videos, both with Speg and on this channel, but I think you're completely wrong about what SilverSeeker is doing. In a perfect world, there would be no need to do the kind of video he's doing, calling and bothering people. However, there are a lot of people who don't do price discovery, which is a habit he's trying to teach. Also, you're super transparent about your buy-sell spreads, which is really cool. You've got some of the best I've seen anywhere, and you understand that your money is made through volume of transactions. Not all shops think that way, and it's critically important that stackers and collectors know that and know the difference between a good price and a bad price. Some LCSs will rip people's eyes out repeatedly for years. SS is trying to prevent that as much as he can while making a living along the way.
I find Silver Seekers' "How much do you pay" videos valuable. Sure he takes up 30 seconds of a coin shop's time to collect the data but he provides thousands of us with good information. FYI, if Vermillion was the 8th shop he called you would be paying the most. So, in a sense, he is marketing your services by highlighting the great value you provide.
These are random, unnamed dealers, probably in a different state than you are. You wont be selling to them so its not that useful. Nothing compares to having even a basic relationship with a few dealers in your area that you do business with. Cold calls with one of these shops and you calling or walking into a shop with your product you do business with are different and give more accurate data for your particular situation. Plus you get a better baseline to keep in mind for your exit strategies.
Everybody has valid points but it is useful to beginners to show you that you have to call around because not every coin dealer follow the same premium 2 Silver Speakers videos when calling he normally does ask them if they have a few minutes .
If you believe its not a big deal to call a coin shop for free information without intending on doing business with them then you dont own a coin shop, lol...I would challenge you to call a few coins shops introduce yourself and tell them your making a video for youtube and wanted information BUT you do NOT intend to buy anything...see how many hang up on you and how many people give you information...Or call a coin shop owner at home where they cant sell anything and see how long they will stay on the phone asking questions...I watch and enjoy "that guys" channel but never liked those call videos for that very reason...He seems like a very nice and very genuine guy, but If he said hes making a video and will NOT be buying anything to them 1st THEN got info id enjoy the videos more but theres a reason he acts as if hes buying stuff...I can also promise if you got his number and called him just to talk and told him your making a video and wanted to ask him questions but your not paying him for his time or compensating him at all its just to get some views for your channel he would hang up on you...It doesn't make him a bad person lol no one wants to waste their time...Becasue he blocks their voice and info he justifies the act as no big deal...Its no big deal unless you on the other side of that call, some people may not care but some might...so if I was a small coin shop struggling and some guy called to ask how much id pay for 10 gold eagles or a monster box of silver eagles id get excited about that possible sale only to hear crickets after the call...Who knows how many people are awaiting him to come in to sell the product he called about...Overall I see it as jay walking, sure its illegal but no one really cares about your minor crime lol...I dont hate him for it, but I do believe he doesnt see it as a big deal...
Actually, every single coin shop I've ever revealed myself to was MORE than okay with it... but they were all the fair shops. I bet the ones that have horrendous buy/sell prices wouldn't like it very much.
@@SilverSeeker Theres truth in that if they feel their bad offers will be shared they wouldnt want that but a good honest shop wouldn't mind the advertisement...If your going to do it I think the way you do it is the best way hiding personal info just to get across the point its important to price shop, I know by all the comments everyone loves you passing on the VERY important message to not just go sell at one place without knowing what others are offering first im sure it saved many money...👍
I saw the Silver Seeker video, also. He'll put out this type of video maybe, twice a month. What he is trying to emphasize is shop around for the best price. Ge goes out of his way to make the call as short as possible.
Silver Seeker is the channel and he does nothing but informative videos to try to help the community. When it's time to sell, he just wants you to get the best price and shows you that it always pays to call around, and how some shops are mis-informed and downright greedy. He does not put the shops info out there that he's calling, eventhough he should for the worse ones. One shop quoted him $1770 was their buy price on 1oz gold eagles. I met him last year, pretty nice guy who seems genuine. In fact, he'd probably be open to talking to you about the videos he makes.
and understood that some states require a 30 day hold on all purchases, but when shops are paying $160 back of spot on Eagles....that's a little ridiculous. Obviously they're allowed to offer whatever they want, but the videos just illustrate the importance of calling around. You put back gold and silver and hope you never need to dip into it, but if you do, and your shop is -$160 back of Eagles, it may sour you out of the community. Both of your channels are great to educate the public.
With 745K views that SS got on the one video he should use the $10K in ad revenue and go to 7 different coin shops and buy $1000 worth of silver or gold. Then go back to the same 7 coins shops a week later and sell the $1000 worth of silver or gold. He can then show real life data with receipts and support the LCS at the same time. Worse case he loses a little money initially on the spread (premium) that each coin shop makes on him but he would get over 1 million views and earn 10K in ad revenue. win win for everyone.
Zelle is great as long as your sending to someone reputable its a one way trip, easy to use and free BUT no protection at all for the buyer so use it wisely, I use it all the time for metals and plan to buy from Vermillion with it in the future when im not broke and can get more junk silver, lol
@@dvvaughn564 Im sure there a great video on TH-cam explaining it but your basically going into your bank account and selecting zelle and putting the person info in there with a dollar amount, the way to pay people is top use their phone number or email associated with the account...So you need that info, also you can go to your bank in person and have them explain the process to you which may be best if you arent use to mobile banking...Its a one tome wire transfer for free from one bank to another anywhere in the world...but like I said it goes one way and thats it, no refund or complaints to get a refund once its sent it never comes back...Its good you want to educate yourself before using it :)
The dealer calling shops asking about prices has my full support. He does it maybe once every two weeks. Calls about five shops. The call is about a minute or so. Yeah, it takes a little of the shop owner's time, and he has no intention of buying. But, he provides valuable information. A recent video had about a $200 spread between the shops in buying a gold Eagle. If he can protect people from this kind of loss, it ought to be encouraged. Who knows? Vermillion might have future customers who are still buying/selling because they weren't discouraged by funding out they had lost $200 on the sale of a gold coin.
I think part of the dilemma and reason why calling dealers to illustrate a point is that many dealers aren’t as transparent in their deals as you appear to be.
@@vermillionenterprises I wasn't aware of that and was happily suprised when you mentioned it. Would be nice if they raised the penalty free withdrawl amount for down payment on a house too. Many years to go for that in my case though.
I think Silver Seeker is just trying to help the average coin collector out. He does have one of the best channels out here. So I would have to disagree with your thinking.
I’m saving for a tube of Eagles from Vermilion because you guys have the best premiums in Florida and because Brian doesn’t gaf about anything and that makes me smile every time I see his updates. “Cash, Wire, Zelle”
Well why are you saying not to call a coin shop to find out what there price is for gold?? My money is important to me and if I was selling, I’d want to get the best price out there! So I guess we have to call around!
@@4mudski but yes you intend to do business with one of those coin shops whoever offers the most attractive price, when the premise is to never do business with a shop coin but still call and take up the time of the employees working or the shop owner that is not good
@@vermillionenterprises if only everyone did this. In my experience many dealers are secretive, and sometimes the price on items depends on who you deal with (I’m thinking if a father/son operation in particular). If everyone was as trustworthy and transparent it would be much easier for buyer and seller, but not all dealers (or customers, who may be selling hypothetical inventory😂) are!
I watched that same video last night from Silver Seeker. It should be noted that the reason Vermillion Enterprises is so busy is because they offer great prices with a small spread. Some of the dealers he called bought at 91% of spot. If you want to be less busy just do the same 😂
Great video! In the words of President Reagan, "Trust, but verify" Or, the words of my late great grandfather, "Often, it is not what you know, it is not even what you don't know, it is what you think you know that isn't so."
It's true I just started a channel called two brothers stacking. I started it to talk about and learn everything silver and gold. that doesn't mean I know anything about the subject.
Guys don't please don't assume gold is going to 1500 and Silver 15... Just because a recession is inbound let Jim Cramer and the coin dealers buy and sell swings may not happen. Dollar cost avg. Best wishes to all. Dan from Hudson Florida
What about Spouse $10 dollar gold are the rules the same as eagles? They are half oz and are usually cheaper than eagle when buying as bullion not the numastic ones.
This is in my opinion , thee best channel hands down for precious metal education. I've communicated with Vermillion on a few occasions by text without a hiccup and in a timely matter.
Thanks for explaining the difference between other coins, bullion, etc, vs. Silver or Gold Eagles…. I found this information very valuable…… best wishes…
Silver Seeker is doing the public a great service by placing very breif calls to random coin shops. I think your average person understands that he is not painting with a broad brush, and he makes that quite clear. As a dealer, I would not condem Silver Seeker at all, just because he shows the truth, that there are people in the industry that are less than honest. What we should be doing is speaking out against the dealers that tarnish our reputation. BTW, I love your videos very much.
Great topic! I downloaded the 1099b form and instructions just now to check out. Wondering if there's a site to translate irs terminology to our common speak such as rounds, junk silver, and various products to what they're referred to in the IRS instructions.
Yeah I agree the legalese is annoying...your accountant can help with that...as per the items reportable i will put together a comprehensive list and share on youtube here by Monday
I actually watched that video this morning, and I'm very familiar with that channel. I'm not trying to justify those types of videos, but I believe his intent behind making them is to try and show people that it's important to shop around in both buying and selling. However, I can see your point completely you being a business owner.
I think what SS is doing would be very similar to what ANYONE should do before buying or selling precious metals, especially with an LCS. I don't see an issue with it. @vermillionenterprises, would you be pissed at me if I called just to ask the buy/sell price for say, Silver Eagles? Do you get calls like that all the time? I don't think you'd think it was a "waste of time", and takes you literally seconds, to answer the person on the other end of the line and then move on with your day? SS is just showing how to go about calling and asking multiple LCS' to do your due diligence before buying or selling. I don't see an issue with it, and you shouldn't either. Like others said, he doesn't identify these shops, and even puts their voices through a voice changer but it is eye opening as to the spread between LCS's. I don't think he's doing it for entertainment, he's doing it to inform the community. You guys have pretty competitive prices and your upfront about it. That's great. I'm sure if SS ever called you, you'd be one of the best LCS's he called.
Dumb question, but do the IRS benefits of ASEs/AGEs and buffalos also with First Spouse Coins and other Mint Gold/Silver releases? Or JUST those specific bullion coins?
I agree, with one caveat. Your operative phrase was 'not necessarily accurate'. True, but I watch a lot of precious metal channels and the key for ascertaining what's accurate verses false info is to look for consistency which can only be done by perusing multiple sources- which you stated. Same applies to every other topic of course. So I think more is better. I'm in accord with you but just saying I find many YT channels to be entertaining AND informative (like yours). So with respect to YT one need not throw the baby out with the bathwater. Another older adage of 'let the buyer (or seller) beware' will always apply as well. Thanks for the information. That's why I'm a subscriber and a customer of yours.
Could have a recording for receiving phone calls that quotes the current spot prices upon answering. Can have a "press 1 to talk to dealer" It may save you some time.
Wow guys, you're almost @ 5K scribes! Congrats! I remember your 3rd video from last year, lol. Very Cool! Please keep cranking out the awesome info videos Tim and Brian!
If you play the gold/silver ratio by swapping with your LCD (no cash involved), could it trigger a 1099B or other forms? I just subscribed and I tried a word search on your previous videos without success. Also, I downloaded the 1099B instructions and killed a few grey cells but could not find a clear answer.
i know the legalese is annoying...that is a great question that i am going to get to the bottom of, I do not want to mispeak, i actually have never been presented with that scenario....my gut says that they are 2 seperate transactions, but will confirm
In my state to save sales tax I trade silver bars for gold. 1 transaction only pay tax on difference. A neighbor state treats it like 2 transactions but doesn’t tax bullion over a certain amount. Now the IRS who knows. Would be a great video
If I sold you a Mermaid for over $10K would you have to fill out the tax form? That is real question. Cash Wire Zelle. Love the channel and the content.
I like your guys contents, but there is nothing wrong with Silver Seeker's show and you two are over reacting. 1) He is not taking much time from the shops, literally just a couple of minutes, 2) he is educating the public with real world examples, 3) his content is promoting silver/gold industry- and thus your content. If I had not watched Silver Seeker, the TH-cam algorithm would have never lead me to your content.
The other channel just called you out on his channel as a response to this video. Your channel is a real business and his channel is entertainment. Unfortunately most of the viewers don't understand that and I agree don't pretend to call a store and waste their time just to get views. Be a big boy and do actual business at 7 LCS and then show receipts of what you got to buy and how much they paid to show the spread. He would get enough clicks to recoup the loss of real money and the LCS would appreciate the business.
That is a great idea about actually doing business with the LCS then comparing...i think a lot of viewers do not understand the money that is generated through these social media channels and the more "shocking" the content is the more money the channel makes whether there is valuable content or not
@@vermillionenterprises I live in Polk co,ty I hear all these other videos and trust your knowledge completely your doing it every day and there isn't no substitute for. Fjb
Sounds like "Silver Seeker." He is always calling Coin Shops, never identified, asking what they will pay for gold and silver bullion. It seems to me that his message is that when selling your silver or gold you really have to shop around because the price will vary from shop to shop.
@@SilverSeeker If you do not wear lipstick, check the lighting brother and adjust. You must accept my apology. I have seen a country that is rolled over on its laurels and everything goes that wouldn’t 4 years ago.
@Rastamonlyndon lol you're fine man I actually bought a new camera a while back because I got those comments all the time... that said my lips are naturally darker red than most, always been that way. The new camera definitely helped though
What say you?
Do you take Crypto, Credit Cards or IOU's ?
@@wft2 LOL....thank you
@@wft2 cash wire or zelle
interesting video. one good point about silver seeker is that he encourages viewers to call around and get the best price to sell your metals, or get a price to see what your pricing is. i like your method of the little signage that you feature when showing your inventory. i would like to see a more direct price quote with tax if i were to buy from you, whether its gold or silver. the talk of the 1099 b is kinda scary. it makes me want to not buy. yet i know its important to know. i played the drinking game for everytime you said "not everything is real on youtube" so im buzzed. thank you guys. p.s. i do call around when im thinking of selling my silver, and i dont always follow through but i greatly appreciate the courtesy i recieve from shop owners.
we appreciate the comments
I agree with the comments that silver seekers videos are very informative. I think they really drive the point home, especially to those new to precious metals, that you need to compare prices not just when you buy but when you sell. I also was wondering about the mandatory check payment, glad to hear that answered here. I enjoy both channels, but I disagree that what silver seekers does is wrong, I find it very valuable.
Great info, thx
Thank you
I Absolutely disagree with you on "the shoping around videos". Silver seekers videos of doing this is very informative. Besides the way I see it, my money is more valuable than there time.
fair enough
I saw the video in question and am a subscriber to his channel as well as yours.
When he calls the shops in question, his calls average less than a minute long. The purpose behind the video is to demonstrate to the viewers the importance of checking with more than one buyer when it comes time to sell your bullion. He had one shop that offered him $160 below spot, per coin.
He doesn’t release the names of the shops to cause problems for them or anything like that.
If anything, his video made your shop look good. As I was watching it, I was thinking “Vermillion offers more than any of these guys”.
My $.02.
That’s my take home too, happy to order from Brian, it’s been an excellent experience so far
@@travisc2036 Thank you
1000% agree
Man, I love your videos, both with Speg and on this channel, but I think you're completely wrong about what SilverSeeker is doing. In a perfect world, there would be no need to do the kind of video he's doing, calling and bothering people. However, there are a lot of people who don't do price discovery, which is a habit he's trying to teach. Also, you're super transparent about your buy-sell spreads, which is really cool. You've got some of the best I've seen anywhere, and you understand that your money is made through volume of transactions. Not all shops think that way, and it's critically important that stackers and collectors know that and know the difference between a good price and a bad price. Some LCSs will rip people's eyes out repeatedly for years. SS is trying to prevent that as much as he can while making a living along the way.
we appreciate the comments thank you
I find Silver Seekers' "How much do you pay" videos valuable. Sure he takes up 30 seconds of a coin shop's time to collect the data but he provides thousands of us with good information. FYI, if Vermillion was the 8th shop he called you would be paying the most. So, in a sense, he is marketing your services by highlighting the great value you provide.
These are random, unnamed dealers, probably in a different state than you are. You wont be selling to them so its not that useful. Nothing compares to having even a basic relationship with a few dealers in your area that you do business with. Cold calls with one of these shops and you calling or walking into a shop with your product you do business with are different and give more accurate data for your particular situation.
Plus you get a better baseline to keep in mind for your exit strategies.
Everybody has valid points but it is useful to beginners to show you that you have to call around because not every coin dealer follow the same premium 2 Silver Speakers videos when calling he normally does ask them if they have a few minutes .
@@jedimindtrick8966 well said
He takes all this in consideration and does it in a way not to interfere in their time
@@royboy4199 Well said.
If you believe its not a big deal to call a coin shop for free information without intending on doing business with them then you dont own a coin shop, lol...I would challenge you to call a few coins shops introduce yourself and tell them your making a video for youtube and wanted information BUT you do NOT intend to buy anything...see how many hang up on you and how many people give you information...Or call a coin shop owner at home where they cant sell anything and see how long they will stay on the phone asking questions...I watch and enjoy "that guys" channel but never liked those call videos for that very reason...He seems like a very nice and very genuine guy, but If he said hes making a video and will NOT be buying anything to them 1st THEN got info id enjoy the videos more but theres a reason he acts as if hes buying stuff...I can also promise if you got his number and called him just to talk and told him your making a video and wanted to ask him questions but your not paying him for his time or compensating him at all its just to get some views for your channel he would hang up on you...It doesn't make him a bad person lol no one wants to waste their time...Becasue he blocks their voice and info he justifies the act as no big deal...Its no big deal unless you on the other side of that call, some people may not care but some might...so if I was a small coin shop struggling and some guy called to ask how much id pay for 10 gold eagles or a monster box of silver eagles id get excited about that possible sale only to hear crickets after the call...Who knows how many people are awaiting him to come in to sell the product he called about...Overall I see it as jay walking, sure its illegal but no one really cares about your minor crime lol...I dont hate him for it, but I do believe he doesnt see it as a big deal...
very well said
Actually, every single coin shop I've ever revealed myself to was MORE than okay with it... but they were all the fair shops. I bet the ones that have horrendous buy/sell prices wouldn't like it very much.
@@SilverSeeker Theres truth in that if they feel their bad offers will be shared they wouldnt want that but a good honest shop wouldn't mind the advertisement...If your going to do it I think the way you do it is the best way hiding personal info just to get across the point its important to price shop, I know by all the comments everyone loves you passing on the VERY important message to not just go sell at one place without knowing what others are offering first im sure it saved many money...👍
I saw the Silver Seeker video, also. He'll put out this type of video maybe, twice a month. What he is trying to emphasize is shop around for the best price. Ge goes out of his way to make the call as short as possible.
Very informative video thank you
Thank you sir
Silver Seeker is the channel and he does nothing but informative videos to try to help the community. When it's time to sell, he just wants you to get the best price and shows you that it always pays to call around, and how some shops are mis-informed and downright greedy. He does not put the shops info out there that he's calling, eventhough he should for the worse ones. One shop quoted him $1770 was their buy price on 1oz gold eagles. I met him last year, pretty nice guy who seems genuine. In fact, he'd probably be open to talking to you about the videos he makes.
and understood that some states require a 30 day hold on all purchases, but when shops are paying $160 back of spot on Eagles....that's a little ridiculous. Obviously they're allowed to offer whatever they want, but the videos just illustrate the importance of calling around. You put back gold and silver and hope you never need to dip into it, but if you do, and your shop is -$160 back of Eagles, it may sour you out of the community. Both of your channels are great to educate the public.
With 745K views that SS got on the one video he should use the $10K in ad revenue and go to 7 different coin shops and buy $1000 worth of silver or gold. Then go back to the same 7 coins shops a week later and sell the $1000 worth of silver or gold. He can then show real life data with receipts and support the LCS at the same time. Worse case he loses a little money initially on the spread (premium) that each coin shop makes on him but he would get over 1 million views and earn 10K in ad revenue. win win for everyone.
@@chaicharin you don't make $10k off 745k views. That is a horrible idea. Might as well light money on fire and record it.
Just wanted to shot out that there is nothing wrong with what Silver Seeker is doing.
Learned a lot about Mermaides and The Utube Video business, but not bullion and tax’s.
I agree with Brian obviously the people that do not or not business owners, and only work 40 hours a week.
Another great video !
Thank you, we appreciate it
@3:30 I agree.
Video on how Zelle works would be great.
And remember cash wire or Zelle.
LOL...yep
Zelle is great as long as your sending to someone reputable its a one way trip, easy to use and free BUT no protection at all for the buyer so use it wisely, I use it all the time for metals and plan to buy from Vermillion with it in the future when im not broke and can get more junk silver, lol
@@cutlerylover don’t know how to use it so until I know not going to use it.
@@dvvaughn564 Im sure there a great video on TH-cam explaining it but your basically going into your bank account and selecting zelle and putting the person info in there with a dollar amount, the way to pay people is top use their phone number or email associated with the account...So you need that info, also you can go to your bank in person and have them explain the process to you which may be best if you arent use to mobile banking...Its a one tome wire transfer for free from one bank to another anywhere in the world...but like I said it goes one way and thats it, no refund or complaints to get a refund once its sent it never comes back...Its good you want to educate yourself before using it :)
The dealer calling shops asking about prices has my full support. He does it maybe once every two weeks. Calls about five shops. The call is about a minute or so. Yeah, it takes a little of the shop owner's time, and he has no intention of buying. But, he provides valuable information. A recent video had about a $200 spread between the shops in buying a gold Eagle. If he can protect people from this kind of loss, it ought to be encouraged. Who knows? Vermillion might have future customers who are still buying/selling because they weren't discouraged by funding out they had lost $200 on the sale of a gold coin.
What's with all the hate? Merlives Matter! 🧜♀️
LOL>...love it, I am going to use that
Maybe a video on some hot up and coming mining stocks, where you could interview their CEOs?
I think part of the dilemma and reason why calling dealers to illustrate a point is that many dealers aren’t as transparent in their deals as you appear to be.
thank you sir
Your children/grandchildren working for you coupled with a custodial Roth IRA while they are in a 0% tax bracket is a win imo
Yes and the IRS doubled the rate, and is increasing again next year
@@vermillionenterprises I wasn't aware of that and was happily suprised when you mentioned it.
Would be nice if they raised the penalty free withdrawl amount for down payment on a house too. Many years to go for that in my case though.
great info Brain and Tim thank you so much
I will See You on Friday with Cash in Hand. Thank You for the Videos!!
Thank you sir
The video your talking about literally says that’s as a buyer it’s smart to not just tell people you have 10k in cash
Hold the phone... now you're saying Mermaids aren't even real? LOL. Glad to see you guys are posting more content lately. Always interesting. Cheers!
Thank you sir
Great educational video. Always a pleasure shopping with you.
I think Silver Seeker is just trying to help the average coin collector out. He does have one of the best channels out here. So I would have to disagree with your thinking.
I’m saving for a tube of Eagles from Vermilion because you guys have the best premiums in Florida and because Brian doesn’t gaf about anything and that makes me smile every time I see his updates. “Cash, Wire, Zelle”
Thank you sir, we appreciate it, be happy to help
Another great video guys!
Cash, wire or Zelle!!
Thank you sir
Seeing who pays the most for your gold, What’s the problem with that? 🤦♂️
no problem at all that is why we post our buy and sell prices publicly so everyone can compare and make the best decision for them
Well why are you saying not to call a coin shop to find out what there price is for gold?? My money is important to me and if I was selling, I’d want to get the best price out there! So I guess we have to call around!
@@4mudski but yes you intend to do business with one of those coin shops whoever offers the most attractive price, when the premise is to never do business with a shop coin but still call and take up the time of the employees working or the shop owner that is not good
@@vermillionenterprises if only everyone did this. In my experience many dealers are secretive, and sometimes the price on items depends on who you deal with (I’m thinking if a father/son operation in particular). If everyone was as trustworthy and transparent it would be much easier for buyer and seller, but not all dealers (or customers, who may be selling hypothetical inventory😂) are!
@@carl4291 awesome....thank you
That’s why they have 100k subscribers 😅
I watched that same video last night from Silver Seeker. It should be noted that the reason Vermillion Enterprises is so busy is because they offer great prices with a small spread. Some of the dealers he called bought at 91% of spot. If you want to be less busy just do the same 😂
Great video! In the words of President Reagan, "Trust, but verify" Or, the words of my late great grandfather, "Often, it is not what you know, it is not even what you don't know, it is what you think you know that isn't so."
awesome
It's true I just started a channel called two brothers stacking. I started it to talk about and learn everything silver and gold. that doesn't mean I know anything about the subject.
cool....the videos can be a lot of fun
My day is always better when I'm notified of your vids! Another great one! Tim, hope your in-laws are safe.
Thank you sir, we appreciate it
Lol mine too, now my bank account is another story…😊
@@jamesitsines6890 LOL
Guys don't please don't assume gold is going to 1500 and Silver 15...
Just because a recession is inbound let Jim Cramer and the coin dealers buy and sell swings may not happen.
Dollar cost avg.
Best wishes to all.
Dan from Hudson Florida
What about Spouse $10 dollar gold are the rules the same as eagles? They are half oz and are usually cheaper than eagle when buying as bullion not the numastic ones.
actually a great question...any US coin is exempt because it based on the US dollar denomination
This is in my opinion , thee best channel hands down for precious metal education. I've communicated with Vermillion on a few occasions by text without a hiccup and in a timely matter.
Thank you sir
Thanks for explaining the difference between other coins, bullion, etc, vs. Silver or Gold Eagles…. I found this information very valuable…… best wishes…
thank you very much
I only drink whole milk because a guy on TH-cam said they can't confiscate the gold of whole milk drinkers
LOL...love it
On a good note, for us in FL is that we are a two party consent state for recording. He does not record LCSs in these states.
Silver Seeker is doing the public a great service by placing very breif calls to random coin shops. I think your average person understands that he is not painting with a broad brush, and he makes that quite clear. As a dealer, I would not condem Silver Seeker at all, just because he shows the truth, that there are people in the industry that are less than honest. What we should be doing is speaking out against the dealers that tarnish our reputation. BTW, I love your videos very much.
thank you sir, and well said
What is "Nuclear Astrophysics" ? 😮😂❤🐥🥳
Great video. Thank you. Buy your Milk wisely.
agreed
Great topic! I downloaded the 1099b form and instructions just now to check out. Wondering if there's a site to translate irs terminology to our common speak such as rounds, junk silver, and various products to what they're referred to in the IRS instructions.
Yeah I agree the legalese is annoying...your accountant can help with that...as per the items reportable i will put together a comprehensive list and share on youtube here by Monday
@@vermillionenterprises that would be nice but no rush. I can ask my CPA next time I'm by to get my state and federal info.
@@holdfastjoe8841 got the comprehensive list will try to do tomorrow
I actually watched that video this morning, and I'm very familiar with that channel.
I'm not trying to justify those types of videos, but I believe his intent behind making them is to try and show people that it's important to shop around in both buying and selling.
However, I can see your point completely you being a business owner.
Thank you, we appreciate it
I think what SS is doing would be very similar to what ANYONE should do before buying or selling precious metals, especially with an LCS. I don't see an issue with it. @vermillionenterprises, would you be pissed at me if I called just to ask the buy/sell price for say, Silver Eagles? Do you get calls like that all the time? I don't think you'd think it was a "waste of time", and takes you literally seconds, to answer the person on the other end of the line and then move on with your day? SS is just showing how to go about calling and asking multiple LCS' to do your due diligence before buying or selling. I don't see an issue with it, and you shouldn't either. Like others said, he doesn't identify these shops, and even puts their voices through a voice changer but it is eye opening as to the spread between LCS's. I don't think he's doing it for entertainment, he's doing it to inform the community. You guys have pretty competitive prices and your upfront about it. That's great. I'm sure if SS ever called you, you'd be one of the best LCS's he called.
Dumb question, but do the IRS benefits of ASEs/AGEs and buffalos also with First Spouse Coins and other Mint Gold/Silver releases? Or JUST those specific bullion coins?
not a dumb question at all...actually a great question...any US coin is exempt because it based on the US dollar denomination
Change of Plans, See You later today!! I want to Shake Brian's Hand and Buy some Silver 👍🙂🇺🇲
Awesome I appreciate it...will be happy to help
I agree, with one caveat. Your operative phrase was 'not necessarily accurate'. True, but I watch a lot of precious metal channels and the key for ascertaining what's accurate verses false info
is to look for consistency which can only be done by perusing multiple sources- which you stated. Same applies to every other topic of course. So I think more is better. I'm in accord with you but just saying I find many YT channels to be entertaining AND informative (like yours). So with respect to YT one need not throw the baby out with the bathwater.
Another older adage of 'let the buyer (or seller) beware' will always apply as well. Thanks for the information. That's why I'm a subscriber and a customer of yours.
Thank you we greatly appreciate it
Could have a recording for receiving phone calls that quotes the current spot prices upon answering. Can have a "press 1 to talk to dealer" It may save you some time.
Well Said! best word of vice👍
thank you, we appreciate it
Wow guys, you're almost @ 5K scribes! Congrats! I remember your 3rd video from last year, lol. Very Cool! Please keep cranking out the awesome info videos Tim and Brian!
Thank you, we greatly appreciate it
If you play the gold/silver ratio by swapping with your LCD (no cash involved), could it trigger a 1099B or other forms? I just subscribed and I tried a word search on your previous videos without success. Also, I downloaded the 1099B instructions and killed a few grey cells but could not find a clear answer.
i know the legalese is annoying...that is a great question that i am going to get to the bottom of, I do not want to mispeak, i actually have never been presented with that scenario....my gut says that they are 2 seperate transactions, but will confirm
In my state to save sales tax I trade silver bars for gold. 1 transaction only pay tax on difference. A neighbor state treats it like 2 transactions but doesn’t tax bullion over a certain amount. Now the IRS who knows. Would be a great video
Big Foot isn't real?!
@@duckhunter8387 LOL
Very good information. The guy who calls shops does come across that he is wasting their time.
thank you sir
great videos past few days, thanks for info, great job, great doing business with you guys.
Thank you we appreciate it
If I sold you a Mermaid for over $10K would you have to fill out the tax form? That is real question. Cash Wire Zelle. Love the channel and the content.
LOL...yes...LOL
I have a question. I’m in Idaho. If I sell to you, could I be paid via Zelle or would you issue a check?
we can send an echeck...you will receive same day or we can send business check through snail mail
I like your guys contents, but there is nothing wrong with Silver Seeker's show and you two are over reacting. 1) He is not taking much time from the shops, literally just a couple of minutes, 2) he is educating the public with real world examples, 3) his content is promoting silver/gold industry- and thus your content. If I had not watched Silver Seeker, the TH-cam algorithm would have never lead me to your content.
The other channel just called you out on his channel as a response to this video. Your channel is a real business and his channel is entertainment. Unfortunately most of the viewers don't understand that and I agree don't pretend to call a store and waste their time just to get views. Be a big boy and do actual business at 7 LCS and then show receipts of what you got to buy and how much they paid to show the spread. He would get enough clicks to recoup the loss of real money and the LCS would appreciate the business.
That is a great idea about actually doing business with the LCS then comparing...i think a lot of viewers do not understand the money that is generated through these social media channels and the more "shocking" the content is the more money the channel makes whether there is valuable content or not
Remember brian some state laws very on cash.
Maybe but that has nothing to do with the Patriot Act which was cited...Patriot Act is a federal commission nothing to do with states
@@vermillionenterprises I live in Polk co,ty I hear all these other videos and trust your knowledge completely your doing it every day and there isn't no substitute for. Fjb
@@charleswilson6789 thank you sir, we appreciate it
Sounds like "Silver Seeker." He is always calling Coin Shops, never identified, asking what they will pay for gold and silver bullion. It seems to me that his message is that when selling your silver or gold you really have to shop around because the price will vary from shop to shop.
Seeker is annoying lol. Just ask buy/sell, and goodbye.
All kinds of things about "flat earth" lol.
LOL...awesome
Silver Seeker loves to troll coin shops & waste their time. 🇺🇸
not accurate about the tax stuff. get with a cpa.
I do not watch Silver Seekers channel due to lipstick and blush on the hosts face. Come on dudes we can do better.
LOL I don't wear lipstick OR blush, but thanks for paying attention to my appearance.
@@SilverSeeker If you do not wear lipstick, check the lighting brother and adjust. You must accept my apology. I have seen a country that is rolled over on its laurels and everything goes that wouldn’t 4 years ago.
@Rastamonlyndon lol you're fine man I actually bought a new camera a while back because I got those comments all the time... that said my lips are naturally darker red than most, always been that way. The new camera definitely helped though
Thanks for sharing this information Colorado Silverback777 Stay Healthy keep Stacking.🎉🎉❤❤
Thank you sir...you as well