Thanks for pointing this out. After speaking with our tax advisors, we will refund the sales tax on your order and our website will be updated to reflect this change in the coming days. Just to provide some context here, interpreting bullion tax laws is a very large undertaking. There is not an out of the box tax solution for bullion dealers and we have spent upwards of $1MM developing our proprietary tax solution. Each state has their own set of rules which can vary based on metal type, product, dollar thresholds, jurisdictions, etc. Additionally, states are regularly making updates which adds to the complexity. I’m confident that we get sales tax right 99.9% of the time and we’ll continue to invest and audit our sales tax policies on a regular basis. We appreciate your business. Thanks again for bringing this to our attention.
Thank you for responding @jmbullion I appreciate you taking the time to post here and the positive changes coming to your website. May I request that you identify the best method for other Florida Stackers who were impacted by this to contact your team for resolution with their own accounts? A way to streamline the process for the customer and your customer service staff? I'm happy to help make the community aware on the best way to proceed with that. I have pinned this comment to the top of the comments section for visibility as there are many comments on this video.
Florida resident here, This happened to me as well recently with some Silver Eagles purchase. I too complained and got the same canned response. Funny, I buy from two local coin shops when they have them and have NEVER been charged tax (on Eagles, Maple Leafs, Britannias, Philharmonics or Krugs). Even on fractional and one ounce gold coins same thing, no taxes. I wont be buying from JM Bullion again. Also, if I buy bars locally, anything over $500 no tax! I cant help but wonder if JM is actually paying the tax or are they just pocketing it as profit. I did notify the Florida Department of Revenue.
What I found to be very eye opening is that when I initially wrote them requesting the refund of the tax charged, I never mentioned why I was requesting the refund specifically - meaning I didn't quote any laws or regulations from Florida, I just simply mentioned I bought ASEs and that I was charged sales tax and shouldn't have been, please correct this. The response I got included the very line that I knew was bogus and that's the only line from the supposed Florida Tax law they shared with me in the email response - line (3) to be exact. Not line 1 or 2, 4 or 5...only line 3 which was very eye opening as right then I knew the customer service agent was coached or trained to provide that response - likely assuming the unsuspecting customer would let it go assuming it is indeed the law. They knew we would be writing about the tax, and they were ready to respond with their version of the law. The problem is of course, it isn't law!
All bullion dealers should do this: "The payment of state sales tax is the responsibility of the buyer. We are not a tax collection agency and are not compensated by any state to collect their tax. Therefore, if you believe you owe taxes to your state, it's up to you to pay them."
Constitutionally speaking, Taxes were only supposed to be for Times of War and should have been restricted to Invasion of the mainland United States of America only. The 16th Amendment contradicts the Constitution, and is Repugnant. Therefor the 16th Amendment is Null and Void!
----- and the respective State tax agencies will be amazingly unimpressed with their little disclaimer; make them send the uncollected tax amounts; assess additional fines; and let them try and collect the taxes they failed to collect if they want their money back.
My last JM experience… My order went missing from JM due to a glitch in their website (orders were not including the PO Box number) and they did nothing to investigate because they said it arrived at USPS. I had to deep dive into the problem myself. USPS denied it showed up. It actually turned into a federal investigation after UPS said they gave it to USPS. Wasn’t confirmed but I do believe someone at USPS was looking to take it once declared missing. UPS was awesome. They sent an investigator to USPS and literally told them to go find it. For three weeks it sat on a workers desk tucked away at USPS. Not a single person asked the question, hey does this person have a PO Box here?.. JM did nothing to help me out. It was a big order too. Edit: I’ve ordered from SD ever since, and quit going to that post office. I know JM isn’t a shipping company but I needed info for the insurance claim and it was time sensitive. I couldn’t get through to the appropriate parties there, nor would USPS do an investigation. The UPS investigator took initiative and truly helped me.
Sounds like a tough experience. I've had a couple issues with buying online. Usually the item shows up but I've also found that the dealers, JM Bullion being one I've had this experience with will respond with a tracking number and tell you to have a nice day. That's the extent of help they usually provide. I am happy to have read you got it resolved.
All ways require a signature on delivery and track it . There are some shady people working for the USPS .They will try to redirect your package and disappear it. Some states like my state requires the dealer to collect a state tax.@@floridastacker
I've had exactly the opposite happen with USPS and UPS - items ( including 50 pound bags of dog food ) sent USPS come right to the door : items sent UPS were thrown in the weeds where the drive meets the hiway some 800 feet from the house. Complaints to UPS were ignored until my daughter discovered one of her fellow teachers was married to a UPS higher-up. Magically, the service improved and that particular driver appears to be a former employee now. USPS employees know that silly crap like that will get them snorkel deep in serious ( Federal ) trouble.
Paying taxes is patriotic. The money goes to the gub'ment and it finances America's military might. The US military defends America. It defends you! Only traitors won't pay taxes.
I haven't bought any PMs in the recent years, but when I used to buy (and I bought exclusively from JM Bullion) more than 6 years ago, I was never taxed nor charged shipping no matter how small (such as less than $150) or how big (such as around $5k) my orders were. Times surely have changes, and people and companies too! 😟
California minimum is now $2000. Why? A: Sackamento doesn’t want us buying precious metals. They’re doing their best to make sure most of us cannot afford it.
Why would anyone call it crying? That's ridiculous. JM Bullion is completely in the wrong, & thank goodness you are calling them out on it. You should definitely be refunded the tax, no question about it.
That comment is on me. Call it PTSD from 4 years on TH-cam and having an idea now from experience what comments to expect. Typically, in the past when I complain about Florida Tax law I get responses from those living in hellish blue states or Europe where they tax the air they breathe (or at least they would if they could). However, it appears most of the comments, about 99% of them have been positive so I was off in my forecast of what to expect!
@@floridastacker - It's not just JM Bullion - - it's now Florida law since 2023 and here's APMEX notice for Florida "Taxes must be collected on (1) bullion, non-US coins, or non-US numismatic coins if the total amount of a single sales transaction is less than $500; (2) non-US currency; (3) Copper; (4) accessory items; and (5) processed items. All other products sold by APMEX are exempt from these taxes."
Great video and I truly appreciate you making this video. I've never ordered from JM and never will - I have no patience for deception and liars like JM.
When checking out, the tax has to be shown before the sale is completed. In Missouri, almost all metal is tax free, maybe there are limited exceptions. I've had orders that are mostly tax free, but I think some foreign coins may be taxed. Or attempted to be taxed, most places don't charge tax for Missouri at all. I say, always double check your final total before hitting the "Order" button.
I guarantee you they are not sending the collect tax to your state. That's tax fraud as well as mail fraud. Contact your state tax office to check if they are receiving the money. If not, file charges.
Unrelated but I used to purchase from Provident Metals before they were acquired by JM Bullion. Since that time, Provident changed their privacy policy and it reads like war & peace, amongst other atrocities allowing them to share personal and fiduciary information of customers to 3rd parties. They're now kryptonite to me. And since both firms are owned by the same parent company, I'll assume they have the same intrusive policies. My online dealers are Monument and Hero and have never had a problem with either.
Great info bro I now live in Florida and since I been here I never paid sales tax on American coins .I also don't purchase from J M but that's definitely some bullshit. It ain't the money it's the principle of them ripping people off.
I live in central Florida just like you. I have never purchased from JM Bullion. Thank you for the information. I will make sure that if I ever do make a purchase from them that taxed correctly once again thank you for all that you do for us.
That's pretty sleazy. I too am a Florida resident and was just researching this last week because I was also charged tax and didn't understand why. I dug up and read the Florida law and still didn't understand why. I hadn't gotten around to calling them. Thanks for this video and for sounding the alarm.
They will likely lie and double down like they did with me! They tried to say my $330+ purchase of .999 silver bullion was a "processed" item and taxable. My state says ALL bullion is exempt. WRONG!! I'm still fighting back. Do the same and good luck!
I was told I would receive a response from their tax department in 1 to 3 days. Nothing yet. I'll share with the community when I do. You should not be paying state sales tax on American Silver or Gold Eagles or 90% Silver Coins or pre-33 US Gold Coins. Silver Bars, Foreign Coins, Ingots and other Bullion valued under $500 at the time of purchase is taxable. Anything above $500 should have no tax. What gets me is the policy stated on their webpage. Why wouldn't they just copy directly to the Florida document - the source of truth? That feels deceptive to me.
Inform your state tax revenue department that they charged you state tax. They will then go after JM Bullion to get the money. If JM has not sent them the tax they will be in big trouble with your state.
Great job with this! I rarely do business with JM as there prices are really poor. Glad you got a response here and hope they make it right to the others they ripped off!
Thanks FS. I am in Oregon and I've been stacking seriously for the last 5yrs. I'm up to 800 out in silver and 5 ozt in gold (25k & 10k $) I primarily shop with SD bullion, Pimbex and Hero bullion out of Texas. I have never been taxed, and some of my purchases were over $5,000.. I did briefly check out JM but I wasn't impressed with the prices so I moved on. This is an example of how the government is trying to keep us from buying precious metals because it interferes with their Central Bank digital currency aspirations and the Fednow digital currency. Dangerous times and all the more reason keep stacking! Thanks for the great information
Hi! Marshall Dressel here. I just viewed your latest video about JM Bullion charging tax on sovereign US silver coins. I’m willing to bet that Florida’s Revenue Service would be very interested in watching this video as it is HIGHLY ILLEGAL to charge “tax” and then retain those funds. I would advise JMB that you have cc’d a copy to the State Attorney’s General. This is a very quick trip directly to prison. No appeals, no technical fouls. Unless, of course, JMB call show that they sent that money to Florida’s Revenue Service. I would really like to hear JMB’s response!
The Florida Tax Link is in the video description section. Please visit the online dealer websites, scroll down to the bottom and most have their tax policies posted. If you can't find it there, check the FAQ section and look for any section regarding tax. But most importantly, pull your local state, county, city, tax regulations up and review them yourself if you are unsure. Chances are Florida isn't the only state being misled. If you struggle with this, reach out to me and let me know. When i have some free time, I'll try to locate the right resource for your area.
hey moron!, SD bullion charges sales tax on silver eagles on Florida residents too I just went to their website and ordered 1 silver eagle and they had a .75 sales tax on the coin!
in argentina when banks were closed and they robbed their money, people used to trade with jewelry. Coins were less valued than jewelry. Now you can find pure .999 silver jewelry like pure gold jewelry, that won't get tarnished and not soft because they are arc welded not soldered like stearling silver. And silver is hypoallergenic and kills germs. This maker makes them, look at his handmade work gallery : th-cam.com/play/PLEhyfr6JnUdjy87z2EY82w0XINzmnCEYa.html He also sell in etsy and ebay. In venezuela something similar happened, people buying food with jewelry.
It's very important to understand, learn and know you're sales tax and taxable products in you're state. Good for you for pushing back and standing for what's right and just. To be taxed on American silver coins (ASEs and 90%) is criminal to me. All we're doing is trading one form of currency for US minted Coins
Huh?? I've ordered thousands from them and never paid a penny. They told me processed items are taxable when I called them regarding JM Bullion ripping me off on .999 silver rounds. Copper for one instance is processed. I have never bought anything fitting that description.
Thank you very much for the education. I was not aware of this. Will look into it. And thank you for fighting the good fight. Justice needs to be preserved not bent.
That's why there's so much crap going on!! 1 law turns into 50 laws because of all the back and forth garbage and lawyers are getting 300 bucks an hour!!!! Great info here!! Thanks for teaching us about all the B S!!!!
I had stuff in my cart at JM Bullion cart 11 2 Oz Bull of Clarence and the new kookaburra Zombucks silver and copper went to Provident Metals, got all for $30 cheaper, it was over 500, though
I’ve always been happy with JM Bullion. I’ve probably ordered from them a half a dozen times. I am in Florida too. Florida Stacker made a good point in the video that everyone should learn their own tax law, because no one should be paying tax on whatever they buy. If I had to, I wouldn’t buy it.
Wow! Crazy how they are misinterpreting the law on this. Thank you for letting us know about your experience. They need to refund your money. Thank you for reporting on this. VERY important subject. Well done sir.
Thank you for commenting, Sal. I really wasn't paying attention at checkout. It was an order for 5 of the 1986 BU Silver Eagles. I needed just the 5 to finish that tube this month so I sprung for them. It wasn't until I was reviewing the order, I saw the tax added and decided to politely ask for it to be refunded. The big problem I see is that the tax information on their website regarding Florida law is completely different than...you guessed it...Florida law. That's a problem rather deliberate or by accident that I hope they correct.
The number one question I ask online bullion dealers is how my order will be taxed. In my state it's complex. >$1,000 orders, and under 115%/140% based on bullion type are not taxed. Had good luck with BE, plan to use them again moving forward.
I have to agree this is shady as heck. I havent liked jm since they purchases Provident Metals cause they destroyed it. Thanks for a good vid and great info.
Black Rock owns a ton of amark stock they have ran the stock up. I don't understand why stackers and anyone purchases and supports wall street firms that are publicly traded like Amark who owns JM Bullion.
I don’t buy from JM Bullion since they raises them princess but APMEX charge me taxes on a purchase of $530 on silver and I called them and they told me because was a numismatic coin I bought the same coins on Bullion Exchange and they didn’t charge taxes on it. Great video FS thanks 👍🏻💪🏻
I just put some items into my JMB cart to see if they charged sales tax. I live in Maryland. For purchases under $1000, they did charge Maryland sales tax. Above $1000, no tax was charged.
I'd stay away from them and all affiliated with them as well !To many complaints ! Glad to hear they responded and refunded you properly ! Hope the other bullion dealers are listening !!
Florida Stacker, Thank you very much for this information. JM Bullion would have been struck from my potential sources, if they had not "Updated their tax information".
I live in Oregon where we don't have sales tax which I really like it when I go home to Washington I always am surprised because I forget when I go to the counter that $100 item cost almost $110
Absolutely. Shouldn't happen. I think we need a national reformation on the issue. Our Government has screwed up the Fiat ponzy scheme sooo bad and they want tax on sound money? No thanks and it's in the constitution!
I have made several JM purchases. I am in Texas. I have never been taxed on any silver purchase. I did get taxed for copper rounds, but no tax for silver rounds or silver currency from any country including the US. Just monitor any purchase. With the copper rounds, I got a phone call from a human being in the USA and was explained that copper was not exempt like silver and gold and that I would be taxed on that purchase. I have had very good luck with JM Bullion.
Hi, Tim. Texas, is a Tax-free state on Bullion so that makes sense for you and yes, Copper would be different. Florida has a few rules, the ones JM were using however were not Florida law. AKA fiction.
I did have a similar incident happen to me this year, you can purchase bullion through Walmart fulfilled by apmex and I did make a purchase from them a gold piece that was taxed, but when I brought upbthe fact that bullion is not taxed in my state it was quickly rectified. And I have made many purchases through Walmart in this way and only had the one taxed, very random. Anyways your one if my favorite stacking channels, no bs. You just keep it real 👍
It's a lot of money! Where does that money go when they overpay their taxes every quarter? Refunded to JMB? Sounds like JM Bullion may be losing some sales directly! Just because of your video. Thanks for the education. You are an asset to all coin collectors and stackers.
Excellent video! Silver Gold bull also Ripping customers off charging tax on 90% shipped to Alabama and they're the only online dealers that do this. Just criminals no other way to describe it.
Another way to get traction on this is to contact Florida Department of Revenue and let them know that taxes are being collected and "may not be remitted to the State."
Florida Stacker, when I jumped into the Gold & Silver stacking community (more like obsession), I bought almost exclusively through Provident Metals. They almost always seemed to have the best price on most bullion, and the customer service was excellent. Fast forward to a couple years (or so) ago, and Rip-Off-Mex swallowed them up, along with JM Bullion. It didn’t take but a few months (if that) before their prices ballooned, just about matching Rip-Off-Mex’s prices. Needless to say, I haven’t purchased anything from them since. I refuse to pay exorbitant premiums, in order to fill the pockets of the greedy, and I don’t care about the whining of overhead due to larger variety. My go-to now is Bold. Almost always the absolute lowest prices on bullion, and many semi-numismatics as well. Let’s face it, as consumers, and as stackers, we have to go where the money is (that is say, the lowest amount of cost).
Thank you for sharing this. I order from them. I will call them and tell them I will not be ordering from them anymore until they make it right with you.
Taken from Gainesville Coins website: As defined in Florida Statute F.S. §212.05(1)(j)1 and state code Rule 12A-1.0371, the following bullion and numismatic items are exempt from sales tax when shipped by Gainesville Coins to a Florida address: EXEMPT U.S. legal tender numismatic coins and currency are exempt in any amount; U.S. legal tender bullion coins are exempt in any amount; Numismatic coins and currency that are legal tender of a foreign nation and sold for more than face value are exempt in single transactions greater than $500; Bullion coins that are legal tender of a foreign nation are exempt in single transactions greater than $500. Coins and currency that are NOT legal tender in the U.S. or foreign country are exempt in single transactions greater than $500; Refined gold, silver, or platinum bullion bars, ingots, or plates sold by precious metal content instead of form, in single transactions greater than $500.
Hi Florida Stacker! Thank you so much for sharing this information! I'm from FL as well, and didn't know that JM Bullion started to incorrectly tax American Silver Eagles. I have bought from them in the past, but not recently. SD Bullion has been my primary online dealer of choice. 😎
In New York I have to spend over $1,000 in order to avoid tax I mean it sucks sometimes but again it helps me build my stack a lot quicker 😅😂 and dude I appreciate you fighting back , they tax us enough!
@@floridastacker exactly bro! I did a video about a month ago calling out the greed of a well Known bullion dealer that actually at one point had outstanding prices and now they are just a big joke but I guess I’d be a joke too if I was paying top dollar for big TH-cam channels to plug them in every video lol
If JM Bullion isn't forwarding to the State tax they charge, I believe that's illegal. It's because I live in one of the nasty ones that I have decreased my online buying. I do agree that they larger these online dealers get, the more they start to resemble Apmex. Good luck getting a refund. The best I bet they do is give you a credit, which means you have to buy from them to use it, though maybe they will buckle if what they do is actually illegal.
That is the problem with people, just be sheep and say nothing while being ripped off with made up taxes to pay their profit tax is what is really is about. Thank you for alerting us about this. I will be watching out for this. Their are plenty of other bullion dealers to go to that will be happy for the peoples business.
That's the stance i've been making for several years now. I hate the term "it is what it is". I think "it is what it is" because no one has challenged it.
You should call your state's AG and let them know what's going on. They'll atlases point you in the right direction or take the case if they want to help. Good luck!
You go Florida Stacker - don't put up with those invalid tax charges! I used to love buying from Liberty Coin in California - great service, great selection, and great prices. Until they got their new website with new tax regulation interpretation. Previously, they didn't used to charge tax for me (in the state of Nevada), but now they tax ALL silver and gold bullion even though it is specifically exempt in the state tax code. I have asked them to fix it several times but they aren't interested since they probably just paid a fortune for their new website. eBay is the same. So annoying these state-by-state sales taxes.
It took me over 6 weeks to get a refund from eBay on some ASEs i paid tax on. The hardest part is getting someone to acknowledge the error and fix it. JM Bullion basically told me to kick-rocks until I made the video.
JMB never responded to my request for a refund through PayPal (2+ weeks ago) so I was forced to initiate a PayPal case against them yesterday. I am NOT going away until I get my tax money refunded! Buyer beware. KNOW your state's tax laws!
Great video! I've never bought from JM, SD, or Apmex simply because they have never had the lowest price for what i was buying, ever. That said, this a great reason to never even consider JM. Thanks for sharing !
@@rm2jjc11 do your own research, but in general I always look at Bullion Exchanges first as I have found them to be the cheapest, but somewhat limited in variety. Monument Metals seems to be second place and I will look there too and especially if BE is out of what I am looking for. Checking a few sites each time is free and can save you a bundle !
Here in PA, there's no sales tax on any gold or silver, but I was charged tax on copper rounds. BTW ... Precious metals use ozt. (troy ounces), whereas copper is sold by the standard (avdp.) ounce.
Well F. I'm looking at my previous Apmex orders (im a VIP member) and they've charged me tax on certain items like a Canadian silver dollar, etc. I live in Wyoming so this pisses me off. Time to go make some calls.
Really poor description on their site quite honestly. I showed you Texas Precious Metals in the beginning of the video. Very short, but at least accurate!
I had a similar issue this past Christmas 🎄 when my wife bought me a few Gold items from US Gold Exchange out of Texas. Now let me say if I would have known she was buying me Gold or Silver or any type coins I would have directed her to never buy from these Bozos. However, I understand that she had no idea about where and where not to buy from when it comes to coins or PM'S. She wanted to surprise me. So one of the things she bought me was a 1/0 oz AGE. Now keep in mind that in Illinois there ISN'T ANY TAX on coins bullion what soever. And these Bozos charged her tax on the AGE. I called them but to no avail. They gave us some cock and bull crap excuse.
I'm so tired of the b.s. going on in our country today literally punishing people for being responsible while advocating for those who are not. I have very little power over anything. I have maybe 400 friends on social media in my real life of which maybe 30 I actually see from time to time. I am much more influential here with my TH-cam channel as it gets a broader reach, so I have no problem using it to call out the b.s. when I experience it.
Same thing here different company. We tried to buy less than $500 of 90% from SD Bullion and they added the sales tax. I told them I wouldn't pay it. They wouldn't respond, so I cancelled the order.
File a complaint with the Florida tax commission. I am sure the time involved that JM will have to endure will more than offset the sales tax they erroneously collected from you.
I had a similar issue with JM. They were going to tax me for bullion over 500. I live in FL. They said because my order was different items I would be taxed.
JM has really been a disappointment my last couple of purchases, done with them. Gold line is sneaky in the “specials” which pitch if you buy this or that you get this item free. The specials are generally well over the premium you would pay anywhere else. One special they ran buy 50 1/10 ounce gold eagles get ten ASE’s free. Priced the same purchase at Hero bullion paying for all items was over$1,300.00 cheaper then the “special” at gold line. Have made 23 multi thousand dollar purchases with Hero bullion and had great luck. Good pricing, fair selection, every delivery has been within 5-7 days and items have always been packaged well.
in argentina when banks were closed and they robbed their money, people used to trade with jewelry. Coins were less valued than jewelry. Now you can find pure .999 silver jewelry like pure gold jewelry, that won't get tarnished and not soft because they are arc welded not soldered like stearling silver. And silver is hypoallergenic and kills germs. This maker makes them, look at his handmade work gallery : th-cam.com/play/PLEhyfr6JnUdjy87z2EY82w0XINzmnCEYa.html Blessings
Texas and Florida are very similar. This one goes to Texas though. My one complaint about Texas is that every time I drive in your state, I end up with a $2- $30 bill for using roads that actually have flowing traffic instead of constant jams.
I've bought very little from JM Bullion, Very little. For one thing I find much better deals else where. But after seeing this video, they are crossed off my list.
Premiums are a different subject but the main reason I haven't bought much from them in a long time. I still shop at Apmex but for things you can't get elsewhere or numismatics as they have good pricing/inventory that the others don't have with some slabbed and older coins. If JM fixes themselves, I'll come back. But it's going in the wrong direction.
@@floridastacker We seem to be in the same boat there. Apex has such a huge selection I go to them for everything I can't find else where. Monument Metals seems to be my current go to for most items I buy. I do find items at Scottsdale also.
They’re probably pocketing that tax. I never liked them . My first purchase from them was lost in the mail and their customer service was bad. Right now Vermilion in Spring Hill has ASE for spot +$4.50 and No tax on any quantity of US coins.
The State of Nevada does not charge sales tax on any bullion or junk silver. MCM charged me sales tax on bullion from the Perth Mint. They ripped me off and no other online dealer charges me sales tax that I deal with, not even on rounds. They refused any refund request. I will never buy from MCM again.
MCM is based in Florida. I don't buy from MCM for the same reason. They have always had it wrong with tax and so long as they do, won't get my business or endorsement.
Beyond taxes, the big online dealers who claim that they have, “the lowest prices” most certainly do NOT have low prices-- unless you buy large volumes. Maybe.
Thanks for pointing this out. After speaking with our tax advisors, we will refund the sales tax on your order and our website will be updated to reflect this change in the coming days.
Just to provide some context here, interpreting bullion tax laws is a very large undertaking. There is not an out of the box tax solution for bullion dealers and we have spent upwards of $1MM developing our proprietary tax solution. Each state has their own set of rules which can vary based on metal type, product, dollar thresholds, jurisdictions, etc. Additionally, states are regularly making updates which adds to the complexity.
I’m confident that we get sales tax right 99.9% of the time and we’ll continue to invest and audit our sales tax policies on a regular basis.
We appreciate your business. Thanks again for bringing this to our attention.
Thank you for responding @jmbullion I appreciate you taking the time to post here and the positive changes coming to your website. May I request that you identify the best method for other Florida Stackers who were impacted by this to contact your team for resolution with their own accounts? A way to streamline the process for the customer and your customer service staff? I'm happy to help make the community aware on the best way to proceed with that. I have pinned this comment to the top of the comments section for visibility as there are many comments on this video.
See, I told you so. It possible some bean counter screwed up. I used to deal with Financial Systems, very complicated
JM Bullion is JM Bullshit, I got ripped off by them a few years ago and won't ever do business with them. Their loss as I have substantial holdings.
For such a large company anything less than 100% is unacceptable!
Awesome. They made it right 👍
Sales tax on money makes no sense.
Thanks for shedding light on this situation!
Thank you for checking it out!
They can't just make up their own tax law. You need to contact the state tax department and report them. It's called tax fraud.
exactly ..... maybe a tax audit is in order...obviously give them a chance to correct their errors before passing it along to the tax authority
Good idea
Florida resident here, This happened to me as well recently with some Silver Eagles purchase. I too complained and got the same canned response. Funny, I buy from two local coin shops when they have them and have NEVER been charged tax (on Eagles, Maple Leafs, Britannias, Philharmonics or Krugs). Even on fractional and one ounce gold coins same thing, no taxes. I wont be buying from JM Bullion again. Also, if I buy bars locally, anything over $500 no tax! I cant help but wonder if JM is actually paying the tax or are they just pocketing it as profit. I did notify the Florida Department of Revenue.
What I found to be very eye opening is that when I initially wrote them requesting the refund of the tax charged, I never mentioned why I was requesting the refund specifically - meaning I didn't quote any laws or regulations from Florida, I just simply mentioned I bought ASEs and that I was charged sales tax and shouldn't have been, please correct this. The response I got included the very line that I knew was bogus and that's the only line from the supposed Florida Tax law they shared with me in the email response - line (3) to be exact. Not line 1 or 2, 4 or 5...only line 3 which was very eye opening as right then I knew the customer service agent was coached or trained to provide that response - likely assuming the unsuspecting customer would let it go assuming it is indeed the law. They knew we would be writing about the tax, and they were ready to respond with their version of the law. The problem is of course, it isn't law!
All bullion dealers should do this: "The payment of state sales tax is the responsibility of the buyer. We are not a tax collection agency and are not compensated by any state to collect their tax. Therefore, if you believe you owe taxes to your state, it's up to you to pay them."
Constitutionally speaking, Taxes were only supposed to be for Times of War and should have been restricted to Invasion of the mainland United States of America only.
The 16th Amendment contradicts the Constitution, and is Repugnant.
Therefor the 16th Amendment is Null and Void!
----- and the respective State tax agencies will be amazingly unimpressed with their little disclaimer; make them send the uncollected tax amounts; assess additional fines; and let them try and collect the taxes they failed to collect if they want their money back.
My last JM experience… My order went missing from JM due to a glitch in their website (orders were not including the PO Box number) and they did nothing to investigate because they said it arrived at USPS. I had to deep dive into the problem myself. USPS denied it showed up. It actually turned into a federal investigation after UPS said they gave it to USPS. Wasn’t confirmed but I do believe someone at USPS was looking to take it once declared missing. UPS was awesome. They sent an investigator to USPS and literally told them to go find it. For three weeks it sat on a workers desk tucked away at USPS. Not a single person asked the question, hey does this person have a PO Box here?.. JM did nothing to help me out. It was a big order too.
Edit: I’ve ordered from SD ever since, and quit going to that post office. I know JM isn’t a shipping company but I needed info for the insurance claim and it was time sensitive. I couldn’t get through to the appropriate parties there, nor would USPS do an investigation. The UPS investigator took initiative and truly helped me.
Sounds like a tough experience. I've had a couple issues with buying online. Usually the item shows up but I've also found that the dealers, JM Bullion being one I've had this experience with will respond with a tracking number and tell you to have a nice day. That's the extent of help they usually provide. I am happy to have read you got it resolved.
All ways require a signature on delivery and track it . There are some shady people working for the USPS .They will try to redirect your package and disappear it. Some states like my state requires the dealer to collect a state tax.@@floridastacker
I've had exactly the opposite happen with USPS and UPS - items ( including 50 pound bags of dog food ) sent USPS come right to the door : items sent UPS were thrown in the weeds where the drive meets the hiway some 800 feet from the house. Complaints to UPS were ignored until my daughter discovered one of her fellow teachers was married to a UPS higher-up. Magically, the service improved and that particular driver appears to be a former employee now. USPS employees know that silly crap like that will get them snorkel deep in serious ( Federal ) trouble.
I enjoyed the stacking days when NOTHING in my cart was taxed. As we all contest taxation is theft.
There are still a few online options out there that have yet to tax anything in any quantity. Ah yes, the good old days.
Paying taxes is patriotic. The money goes to the gub'ment and it finances America's military might. The US military defends America. It defends you! Only traitors won't pay taxes.
I haven't bought any PMs in the recent years, but when I used to buy (and I bought exclusively from JM Bullion) more than 6 years ago, I was never taxed nor charged shipping no matter how small (such as less than $150) or how big (such as around $5k) my orders were. Times surely have changes, and people and companies too! 😟
@@ExtraordinaryLiving In my opinion the taxes were implemented as a deterrent for buying metals. They don't want you to have them.
Shut up and pay your taxes or get the hell out of America!
California minimum is now $2000. Why? A: Sackamento doesn’t want us buying precious metals. They’re doing their best to make sure most of us cannot afford it.
California is a garbage state. What a tragedy.
Why would anyone call it crying? That's ridiculous. JM Bullion is completely in the wrong, & thank goodness you are calling them out on it. You should definitely be refunded the tax, no question about it.
That's why you're the CEO of JM Bullion.. Thank you Professor!
@@journeyman6752 Your antagonistic response is very strange & also makes no sense.
All of it.
That comment is on me. Call it PTSD from 4 years on TH-cam and having an idea now from experience what comments to expect. Typically, in the past when I complain about Florida Tax law I get responses from those living in hellish blue states or Europe where they tax the air they breathe (or at least they would if they could). However, it appears most of the comments, about 99% of them have been positive so I was off in my forecast of what to expect!
@@floridastacker - It's not just JM Bullion - - it's now Florida law since 2023 and here's APMEX notice for Florida "Taxes must be collected on (1) bullion, non-US coins, or non-US numismatic coins if the total amount of a single sales transaction is less than $500; (2) non-US currency; (3) Copper; (4) accessory items; and (5) processed items. All other products sold by APMEX are exempt from these taxes."
Great video and I truly appreciate you making this video.
I've never ordered from JM and never will - I have no patience for deception and liars like JM.
You've never ordered from anyone, ever...
Thank you closet hillary bot.
PA taxes no bullion , coins or any precious metals whatsoever ... one of the few good things left about this state
you and me agree 🤜🤛
@@dukenukem001 Va here,same thing I love it I hope it stays this way 🤞🏻
When checking out, the tax has to be shown before the sale is completed. In Missouri, almost all metal is tax free, maybe there are limited exceptions. I've had orders that are mostly tax free, but I think some foreign coins may be taxed. Or attempted to be taxed, most places don't charge tax for Missouri at all. I say, always double check your final total before hitting the "Order" button.
Thank you for supporting the community by telling us about this dubious dealing with JM Bullion!!
I guarantee you they are not sending the collect tax to your state. That's tax fraud as well as mail fraud. Contact your state tax office to check if they are receiving the money. If not, file charges.
Something isn't right. I will get to the end of it and take appropriate action. Thanks for commenting, John!
Unrelated but I used to purchase from Provident Metals before they were acquired by JM Bullion. Since that time, Provident changed their privacy policy and it reads like war & peace,
amongst other atrocities allowing them to share personal and fiduciary information of customers to 3rd parties. They're now kryptonite to me. And since both firms are owned by the
same parent company, I'll assume they have the same intrusive policies. My online dealers are Monument and Hero and have never had a problem with either.
Great info bro I now live in Florida and since I been here I never paid sales tax on American coins .I also don't purchase from J M but that's definitely some bullshit. It ain't the money it's the principle of them ripping people off.
This needs to be reported to the Fl State Atty General as well as the Fl State tax commissioner. Provide as many details as you can
There's a BIG DIFFERENCE between "crying" and voicing a valid complaint!
I live in central Florida just like you. I have never purchased from JM Bullion. Thank you for the information. I will make sure that if I ever do make a purchase from them that taxed correctly once again thank you for all that you do for us.
Good on you for calling them out! 👍
That's pretty sleazy. I too am a Florida resident and was just researching this last week because I was also charged tax and didn't understand why. I dug up and read the Florida law and still didn't understand why. I hadn't gotten around to calling them. Thanks for this video and for sounding the alarm.
They will likely lie and double down like they did with me! They tried to say my $330+ purchase of .999 silver bullion was a "processed" item and taxable. My state says ALL bullion is exempt. WRONG!! I'm still fighting back. Do the same and good luck!
Maybe get around to calling them. Change only happens when enough people complain.
I was told I would receive a response from their tax department in 1 to 3 days. Nothing yet. I'll share with the community when I do. You should not be paying state sales tax on American Silver or Gold Eagles or 90% Silver Coins or pre-33 US Gold Coins. Silver Bars, Foreign Coins, Ingots and other Bullion valued under $500 at the time of purchase is taxable. Anything above $500 should have no tax. What gets me is the policy stated on their webpage. Why wouldn't they just copy directly to the Florida document - the source of truth? That feels deceptive to me.
@@user-pj6bl5md5r Definitely!
😊
Inform your state tax revenue department that they charged you state tax. They will then go after JM Bullion to get the money. If JM has not sent them the tax they will be in big trouble with your state.
Great job with this! I rarely do business with JM as there prices are really poor. Glad you got a response here and hope they make it right to the others they ripped off!
Thanks FS. I am in Oregon and I've been stacking seriously for the last 5yrs. I'm up to 800 out in silver and 5 ozt in gold (25k & 10k $) I primarily shop with SD bullion, Pimbex and Hero bullion out of Texas. I have never been taxed, and some of my purchases were over $5,000.. I did briefly check out JM but I wasn't impressed with the prices so I moved on. This is an example of how the government is trying to keep us from buying precious metals because it interferes with their Central Bank digital currency aspirations and the Fednow digital currency. Dangerous times and all the more reason keep stacking! Thanks for the great information
Hi! Marshall Dressel here. I just viewed your latest video about JM Bullion charging tax on sovereign US silver coins. I’m willing to bet that Florida’s Revenue Service would be very interested in watching this video as it is HIGHLY ILLEGAL to charge “tax” and then retain those funds. I would advise JMB that you have cc’d a copy to the State Attorney’s General. This is a very quick trip directly to prison. No appeals, no technical fouls. Unless, of course, JMB call show that they sent that money to Florida’s Revenue Service.
I would really like to hear JMB’s response!
The Florida Tax Link is in the video description section. Please visit the online dealer websites, scroll down to the bottom and most have their tax policies posted. If you can't find it there, check the FAQ section and look for any section regarding tax. But most importantly, pull your local state, county, city, tax regulations up and review them yourself if you are unsure. Chances are Florida isn't the only state being misled. If you struggle with this, reach out to me and let me know. When i have some free time, I'll try to locate the right resource for your area.
hey moron!, SD bullion charges sales tax on silver eagles on Florida residents too I just went to their website and ordered 1 silver eagle and they had a .75 sales tax on the coin!
in argentina when banks were closed and they robbed their money, people used to trade with jewelry. Coins were less valued than jewelry. Now you can find pure .999 silver jewelry like pure gold jewelry, that won't get tarnished and not soft because they are arc welded not soldered like stearling silver.
And silver is hypoallergenic and kills germs.
This maker makes them, look at his handmade work gallery :
th-cam.com/play/PLEhyfr6JnUdjy87z2EY82w0XINzmnCEYa.html
He also sell in etsy and ebay.
In venezuela something similar happened, people buying food with jewelry.
It's very important to understand, learn and know you're sales tax and taxable products in you're state. Good for you for pushing back and standing for what's right and just. To be taxed on American silver coins (ASEs and 90%) is criminal to me. All we're doing is trading one form of currency for US minted Coins
I put in an order on monument metals today for over $500 and they tried to charge me sales tax also. I sent them an email.
Huh?? I've ordered thousands from them and never paid a penny. They told me processed items are taxable when I called them regarding JM Bullion ripping me off on .999 silver rounds. Copper for one instance is processed. I have never bought anything fitting that description.
@@barjer54 they replied today and said it was a coding issue with the 5 silver rounds at spot. They said it was cleared up.
@@Johnsmith46392 Good! Their customer service is #1.
Do you think they are forwarding the tax they collect on to the State of Florida Revenue Department? Maybe not.😅
If they do it would probably be refunded to them since it's not "due". And by law they can't keep it, so what are they doing here? lol
@@stanleyclark923 Good point!
Thank you very much for the education. I was not aware of this. Will look into it. And thank you for fighting the good fight. Justice needs to be preserved not bent.
Thank you, James. Check out your local laws. Ask your local dealer. 10 to 15 minutes of research can save you $$$
That's why there's so much crap going on!! 1 law turns into 50 laws because of all the back and forth garbage and lawyers are getting 300 bucks an hour!!!! Great info here!! Thanks for teaching us about all the B S!!!!
Thanks, Mike!
I live in Texas and I hate bullshit like that. JM is now at the bottom of my list.
I had stuff in my cart at JM Bullion cart 11 2 Oz Bull of Clarence and the new kookaburra Zombucks silver and copper
went to Provident Metals, got all for $30 cheaper, it was over 500, though
You should report that transaction to the Florida Secretary of State and get them to refund your inappropriate taxation.
I did get the refund. My concern now is for everyone else who was charged the erroneous tax based off fiction.
I’ve always been happy with JM Bullion. I’ve probably ordered from them a half a dozen times. I am in Florida too. Florida Stacker made a good point in the video that everyone should learn their own tax law, because no one should be paying tax on whatever they buy. If I had to, I wouldn’t buy it.
Wow! Crazy how they are misinterpreting the law on this. Thank you for letting us know about your experience. They need to refund your money. Thank you for reporting on this. VERY important subject. Well done sir.
Yes they are! I recently called them out on one of your recent videos for unlawfully ripping me off too!
Thank you for commenting, Sal. I really wasn't paying attention at checkout. It was an order for 5 of the 1986 BU Silver Eagles. I needed just the 5 to finish that tube this month so I sprung for them. It wasn't until I was reviewing the order, I saw the tax added and decided to politely ask for it to be refunded. The big problem I see is that the tax information on their website regarding Florida law is completely different than...you guessed it...Florida law. That's a problem rather deliberate or by accident that I hope they correct.
The number one question I ask online bullion dealers is how my order will be taxed. In my state it's complex. >$1,000 orders, and under 115%/140% based on bullion type are not taxed.
Had good luck with BE, plan to use them again moving forward.
I have to agree this is shady as heck. I havent liked jm since they purchases Provident Metals cause they destroyed it. Thanks for a good vid and great info.
Yes they did I used to order from Provident too. Not anymore.
@@Martha-op1fb They bought the most creative and smartest company so they wouldnt have competition. Good business idea but bad for bullion and us.
Black Rock owns a ton of amark stock they have ran the stock up. I don't understand why stackers and anyone purchases and supports wall street firms that are publicly traded like Amark who owns JM Bullion.
Never buy from them! Prices are a rip off.
I'm surprised they haven't minted an ESG bullion.
LOL
I don’t buy from JM Bullion since they raises them princess but APMEX charge me taxes on a purchase of $530 on silver and I called them and they told me because was a numismatic coin I bought the same coins on Bullion Exchange and they didn’t charge taxes on it. Great video FS thanks 👍🏻💪🏻
I just put some items into my JMB cart to see if they charged sales tax. I live in Maryland. For purchases under $1000, they did charge Maryland sales tax. Above $1000, no tax was charged.
That is the tax rate for the Soviet Socialist State of Maryland.
Way to go Florida Stacker! Im a Vet and didnt know about the discount, I will call them and inquire about this b4 my next purchase. "Way To Go"!
Awesome! Thank you!
I'd stay away from them and all affiliated with them as well !To many complaints ! Glad to hear they responded and refunded you properly ! Hope the other bullion dealers are listening !!
Yeah definitely. You and me both!
Florida Stacker, Thank you very much for this information.
JM Bullion would have been struck from my potential sources, if they had not "Updated their tax information".
I live in Oregon where we don't have sales tax which I really like it when I go home to Washington I always am surprised because I forget when I go to the counter that $100 item cost almost $110
B.S.. Good on you callin out Jm!Paying sales tax on my Wisconsin orders really upsets me here. That really makes you think about the bottom dollar.
Absolutely. Shouldn't happen. I think we need a national reformation on the issue. Our Government has screwed up the Fiat ponzy scheme sooo bad and they want tax on sound money? No thanks and it's in the constitution!
I’ve made numerous purchases from JM this year. I’ve been charged a bit of tax on tubes, coin snaps, etc., but not one penny on metals. I live in TX.
I have made several JM purchases. I am in Texas. I have never been taxed on any silver purchase. I did get taxed for copper rounds, but no tax for silver rounds or silver currency from any country including the US. Just monitor any purchase. With the copper rounds, I got a phone call from a human being in the USA and was explained that copper was not exempt like silver and gold and that I would be taxed on that purchase. I have had very good luck with JM Bullion.
Hi, Tim. Texas, is a Tax-free state on Bullion so that makes sense for you and yes, Copper would be different. Florida has a few rules, the ones JM were using however were not Florida law. AKA fiction.
Its a balloon being floated by Amark. Thanks for the update
You bet, thanks for checking out the video!
I did have a similar incident happen to me this year, you can purchase bullion through Walmart fulfilled by apmex and I did make a purchase from them a gold piece that was taxed, but when I brought upbthe fact that bullion is not taxed in my state it was quickly rectified. And I have made many purchases through Walmart in this way and only had the one taxed, very random. Anyways your one if my favorite stacking channels, no bs. You just keep it real 👍
Thanks for the update and taking the heat for the sake of helping all of us
Thank you, Jerry!
I just called them out on this also. Refuse to give them my business. Good video :)
Good on you. Thank you!
"I live in a free state" 😂 well done. ✔️ keep the unapologetic content coming.
It's a lot of money! Where does that money go when they overpay their taxes every quarter? Refunded to JMB? Sounds like JM Bullion may be losing some sales directly! Just because of your video. Thanks for the education. You are an asset to all coin collectors and stackers.
Excellent video! Silver Gold bull also Ripping customers off charging tax on 90% shipped to Alabama and they're the only online dealers that do this. Just criminals no other way to describe it.
Another way to get traction on this is to contact Florida Department of Revenue and let them know that taxes are being collected and "may not be remitted to the State."
Might get to that point. Hoping they do the right thing for everyone.
Great Job. Stand up for you rights! I’m from Vermont and looking to move…. Stick it to the man.
I appreciate that! Vermont is beautiful. Is the climate too far left or are you looking for better weather?
I’ve heard more that JM has been acting like APMEX.
I’ve slowed down and just buying gold from my LCS.
Cheapest way to do it Mr. Jenkins. Good on you!
@@floridastacker I hear about local coin shops all the time, I really don't know of any at all in my area (central MO).
Florida Stacker, when I jumped into the Gold & Silver stacking community (more like obsession), I bought almost exclusively through Provident Metals. They almost always seemed to have the best price on most bullion, and the customer service was excellent. Fast forward to a couple years (or so) ago, and Rip-Off-Mex swallowed them up, along with JM Bullion. It didn’t take but a few months (if that) before their prices ballooned, just about matching Rip-Off-Mex’s prices. Needless to say, I haven’t purchased anything from them since. I refuse to pay exorbitant premiums, in order to fill the pockets of the greedy, and I don’t care about the whining of overhead due to larger variety. My go-to now is Bold. Almost always the absolute lowest prices on bullion, and many semi-numismatics as well. Let’s face it, as consumers, and as stackers, we have to go where the money is (that is say, the lowest amount of cost).
Way to set JM straight!
Thank you for sharing this. I order from them. I will call them and tell them I will not be ordering from them anymore until they make it right with you.
Taken from Gainesville Coins website:
As defined in Florida Statute F.S. §212.05(1)(j)1 and state code Rule 12A-1.0371, the following bullion and numismatic items are exempt from sales tax when shipped by Gainesville Coins to a Florida address:
EXEMPT
U.S. legal tender numismatic coins and currency are exempt in any amount;
U.S. legal tender bullion coins are exempt in any amount;
Numismatic coins and currency that are legal tender of a foreign nation and sold for more than face value are exempt in single transactions greater than $500;
Bullion coins that are legal tender of a foreign nation are exempt in single transactions greater than $500.
Coins and currency that are NOT legal tender in the U.S. or foreign country are exempt in single transactions greater than $500;
Refined gold, silver, or platinum bullion bars, ingots, or plates sold by precious metal content instead of form, in single transactions greater than $500.
Hi Florida Stacker! Thank you so much for sharing this information! I'm from FL as well, and didn't know that JM Bullion started to incorrectly tax American Silver Eagles. I have bought from them in the past, but not recently. SD Bullion has been my primary online dealer of choice. 😎
In New York I have to spend over $1,000 in order to avoid tax I mean it sucks sometimes but again it helps me build my stack a lot quicker 😅😂 and dude I appreciate you fighting back , they tax us enough!
I feel for ya'll in NY and CA. Thanks my man. The craziness has to be contested or they just keep doing it
@@floridastacker exactly bro! I did a video about a month ago calling out the greed of a well
Known bullion dealer that actually at one point had outstanding prices and now they are just a big joke but I guess I’d be a joke too if I was paying top dollar for big TH-cam channels to plug them in every video lol
If JM Bullion isn't forwarding to the State tax they charge, I believe that's illegal.
It's because I live in one of the nasty ones that I have decreased my online buying.
I do agree that they larger these online dealers get, the more they start to resemble Apmex.
Good luck getting a refund. The best I bet they do is give you a credit, which means you have to buy from them to use it, though maybe they will buckle if what they do is actually illegal.
JM Bullion is now off my list
I'll keep the community posted on a resolution.
That is the problem with people, just be sheep and say nothing while being ripped off with made up taxes to pay their profit tax is what is really is about. Thank you for alerting us about this. I will be watching out for this. Their are plenty of other bullion dealers to go to that will be happy for the peoples business.
That's the stance i've been making for several years now. I hate the term "it is what it is". I think "it is what it is" because no one has challenged it.
That Valcambi bar is the one you got that spot deal for us. That was an awesome price. Thanks again.
You bet
You should call your state's AG and let them know what's going on. They'll atlases point you in the right direction or take the case if they want to help. Good luck!
thanks for standing up for the little guy florida stacker
Thank you, Mitchell
You go Florida Stacker - don't put up with those invalid tax charges!
I used to love buying from Liberty Coin in California - great service, great selection, and great prices. Until they got their new website with new tax regulation interpretation. Previously, they didn't used to charge tax for me (in the state of Nevada), but now they tax ALL silver and gold bullion even though it is specifically exempt in the state tax code. I have asked them to fix it several times but they aren't interested since they probably just paid a fortune for their new website. eBay is the same. So annoying these state-by-state sales taxes.
It took me over 6 weeks to get a refund from eBay on some ASEs i paid tax on. The hardest part is getting someone to acknowledge the error and fix it. JM Bullion basically told me to kick-rocks until I made the video.
JMB never responded to my request for a refund through PayPal (2+ weeks ago) so I was forced to initiate a PayPal case against them yesterday. I am NOT going away until I get my tax money refunded! Buyer beware. KNOW your state's tax laws!
Thanks so much, I ordered a tube of silver From SDBullion , it was no tax on it xx great info
Great video!
I've never bought from JM, SD, or Apmex simply because they have never had the lowest price for what i was buying, ever. That said, this a great reason to never even consider JM.
Thanks for sharing !
So then, WHO DOES HAVE THE LOWEST PRICE???
@@rm2jjc11 do your own research, but in general I always look at Bullion Exchanges first as I have found them to be the cheapest, but somewhat limited in variety. Monument Metals seems to be second place and I will look there too and especially if BE is out of what I am looking for.
Checking a few sites each time is free and can save you a bundle !
Here in PA, there's no sales tax on any gold or silver, but I was charged tax on copper rounds. BTW ... Precious metals use ozt. (troy ounces), whereas copper is sold by the standard (avdp.) ounce.
Well F. I'm looking at my previous Apmex orders (im a VIP member) and they've charged me tax on certain items like a Canadian silver dollar, etc. I live in Wyoming so this pisses me off. Time to go make some calls.
Wyoming, I believe is a tax-free state for silver and gold. I hope you can find a resolution.
Actually SD also states that coins under $500 are taxed in FL. By using the word coin I’d imagine they’re referring to legal tender
Really poor description on their site quite honestly. I showed you Texas Precious Metals in the beginning of the video. Very short, but at least accurate!
I had a similar issue this past Christmas 🎄 when my wife bought me a few Gold items from US Gold Exchange out of Texas.
Now let me say if I would have known she was buying me Gold or Silver or any type coins I would have directed her to never buy from these Bozos.
However, I understand that she had no idea about where and where not to buy from when it comes to coins or PM'S. She wanted to surprise me.
So one of the things she bought me was a 1/0 oz AGE.
Now keep in mind that in Illinois there ISN'T ANY TAX on coins bullion what soever.
And these Bozos charged her tax on the AGE.
I called them but to no avail.
They gave us some cock and bull crap excuse.
The same thing happened to me when I purchased some walking liberty half dollars. I will never do business with them again.
I think I nailed some eBay auctions for graded PCGS 70 first strike gold coins well below market prices. A true pleasure.
Turn in a report to the federal trade commission and tag this video, they will be audited and held accountable.
I’m in AZ, JM Bullion didn’t charge me sales tax last week
Thank you for having the strength to as NO when no needs to be said
I'm so tired of the b.s. going on in our country today literally punishing people for being responsible while advocating for those who are not. I have very little power over anything. I have maybe 400 friends on social media in my real life of which maybe 30 I actually see from time to time. I am much more influential here with my TH-cam channel as it gets a broader reach, so I have no problem using it to call out the b.s. when I experience it.
Same thing here different company. We tried to buy less than $500 of 90% from SD Bullion and they added the sales tax. I told them I wouldn't pay it. They wouldn't respond, so I cancelled the order.
Personally, i find tax on 90% to be even more ridiculous than American Silver Eagles. Completely ridiculous
File a complaint with the Florida tax commission. I am sure the time involved that JM will have to endure will more than offset the sales tax they erroneously collected from you.
Good info! Prompted me to check my state, which I had done before on SD bullions page but wanted to double check.
Good idea. Things could change but usually not for our benefit lol
I had a similar issue with JM. They were going to tax me for bullion over 500. I live in FL. They said because my order was different items I would be taxed.
Doesn't sound right at all. Recent?
JM has really been a disappointment my last couple of purchases, done with them. Gold line is sneaky in the “specials” which pitch if you buy this or that you get this item free. The specials are generally well over the premium you would pay anywhere else. One special they ran buy 50 1/10 ounce gold eagles get ten ASE’s free. Priced the same purchase at Hero bullion paying for all items was over$1,300.00 cheaper then the “special” at gold line. Have made 23 multi thousand dollar purchases with Hero bullion and had great luck. Good pricing, fair selection, every delivery has been within 5-7 days and items have always been packaged well.
in argentina when banks were closed and they robbed their money, people used to trade with jewelry. Coins were less valued than jewelry. Now you can find pure .999 silver jewelry like pure gold jewelry, that won't get tarnished and not soft because they are arc welded not soldered like stearling silver.
And silver is hypoallergenic and kills germs.
This maker makes them, look at his handmade work gallery :
th-cam.com/play/PLEhyfr6JnUdjy87z2EY82w0XINzmnCEYa.html
Blessings
I usually stick with Monument Metals or Hero Bullion.
I agree 💯! I’m in Tennessee and we don’t pay taxes on bullion either
Tennessee is a wonderful state! I am hearing people are moving there in droves, just like Florida. I hope they don't destroy it.
@@floridastacker they are and driving our housing prices through the roof and is a problem for those that now can’t afford rent
You must buy at least a 500 dollar minimum in bullion to avoid a sales tax in the state of Florida .
Legal Tender coins, regardless of purchase price are also tax exempt. Eagles, 90%. No tax. If they add tax on it, they are in the wrong.
SD Bullion just started collecting tax on CA sales under $2,000 which doesn't surprise me, used to be under $1500
Yes the California law changed recently. Sadly, that is correct. Should it be? Hell No
No sales tax on precious metals in Texas. Because TX considers it a money exchange. Like getting 4 quarters for a dollar.
Texas and Florida are very similar. This one goes to Texas though. My one complaint about Texas is that every time I drive in your state, I end up with a $2- $30 bill for using roads that actually have flowing traffic instead of constant jams.
I've bought very little from JM Bullion, Very little. For one thing I find much better deals else where. But after seeing this video, they are crossed off my list.
Premiums are a different subject but the main reason I haven't bought much from them in a long time. I still shop at Apmex but for things you can't get elsewhere or numismatics as they have good pricing/inventory that the others don't have with some slabbed and older coins. If JM fixes themselves, I'll come back. But it's going in the wrong direction.
@@floridastacker We seem to be in the same boat there. Apex has such a huge selection I go to them for everything I can't find else where. Monument Metals seems to be my current go to for most items I buy. I do find items at Scottsdale also.
I will not ever buy from JM BULLION ever again , THANK YOU BROTHER
There will always be haters . I think you are doing a Great Job keep up the good work
i buy mostly from MM. i have bought a few rounds from Jm but i wont anymore. thanks for telling us.
They're my #1 online go-to dealer. Keep stacking!
MM is a good dealer. JM used to be a really good dealer. Times have changed.
really great info. ill have to check the tax codes in my state. thanks.
They’re probably pocketing that tax. I never liked them . My first purchase from them was lost in the mail and their customer service was bad. Right now Vermilion in Spring Hill has ASE for spot +$4.50 and No tax on any quantity of US coins.
Arkansas has no sales tax on coins, currency and bullion as of about 2 years ago.
Arkansas sounds like a nice place to stack!
The State of Nevada does not charge sales tax on any bullion or junk silver. MCM charged me sales tax on bullion from the Perth Mint. They ripped me off and no other online dealer charges me sales tax that I deal with, not even on rounds. They refused any refund request. I will never buy from MCM again.
MCM is based in Florida. I don't buy from MCM for the same reason. They have always had it wrong with tax and so long as they do, won't get my business or endorsement.
I had this happen also but they did credit me but I am in Texas! Hopefully they get their act together before an attorney stacker sees this.
Buyer beware! Always, always, we must pay attention because there are a never ending supply of slim shady operators in all aspects of life.
Beyond taxes, the big online dealers who claim that they have, “the lowest prices” most certainly do NOT have low prices-- unless you buy large volumes. Maybe.
Very large volumes. Like, more than I have spent in 5 years type of purchase. Very true.