Dealers

Silver buyers reporting issues with sales tax and order cancellations with Walmart

As the popularity of buying precious metals online grows, many buyers have experienced issues with being charged sales tax in states where metals aren’t taxed. Some buyers turn to social media for advice on how to deal with customer service when resolving sales tax issues.

Sales tax on precious metals is contentious issue, which is a complicated patchwork of outdated state laws that have created issues that online retailers must contend with since South Dakota v. Wayfair decision in 2018.

Walmart offering Precious Metals, but with higher prices and premiums than buying direct

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While this helps to make precious metals more accessible to more people, consumers should be wary about purchasing their precious metals through Walmart as the premiums are often higher than buying direct from the dealer, even taking into account the higher premiums that come with using a credit or debit card for purchase.

Kitco.com Website Down Resulting From Cyber Security Incident

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Over the weekend, the website for Kitco went offline. After the outage, the company posted a message on their website that announced that they were responding to a cyber security incident.

In addition to being a precious metals dealer, Kitco is well-known for its news, data, and analysis on the precious metals, mining and commodities markets. It provides live prices and charts for metals such as gold, silver, platinum, and palladium, as well as market news and reports.

Simple & Easy Way to Compare Gold Coin Prices

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Comparing gold coin prices from different dealers is a crucial step that is often overlooked, leading investors to pay more than they should with excessive premiums.

FindBullionPrices.com helps investors make informed buying decisions by offering tools to compare gold coin prices with product listing featuring the prices from dozens of trusted and reputable online dealers to help investors make informed buying decisions.

Understanding Silver Eagle Premiums

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The US Mint is one of the oldest continually operating minting operations in the world and all other mints use variants of the Mint’s processes. The Mint remains one of the world’s largest producer of coins today. Issues related to the production of bullion coins have led to huge increases in Silver Eagle premiums in recent years.

Many investors are looking to buy sovereign bullion coins from other mints. While many are still buying 1 oz silver eagles, some are concerned that the Mint suppliers are also making huge profits from the record high premiums caused by the shortages.