Florida Coin Shop Silver & Gold Premiums | Demand Has Plummeted! What Now? |
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- Опубликовано: 2 окт 2024
- Florida Coin Shop Silver & Gold Premiums | Demand Has Plummeted! What Now? | #Trending
Serving central Florida for over 8 years, Vermillion Enterprises is Spring Hill, Florida's premier coin shop and gold dealer. Always buying and always selling coins and precious metals like silver, gold, platinum, palladium, and rhodium.
Give Vermillion Enterprises a call at:
(352) 585-9772
Visit our Spring Hill coin shop, located at:
5324 Spring Hill Drive
Spring Hill, Florida 34606
Monday - Friday: 9AM - 4PM EST
Saturday: 9AM - 2PM EST
Sunday: Closed
To learn more about Vermillion Enterprises visit our website at:
vermillion-ent...
Shop our new online coin shop at:
springhillcoin...
Must Know Formulas For Silver & Gold Stackers:
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Payment Via Cash, Check, Wire, Zelle.
#JunkSilver #Gold #Silver #Cash #VermillionEnterprises #Vermillion #SpringHill #Florida #AmericanGoldEagle #SilverEagle #SilverBar #SilverOunce #Kitco #Apmex #Coin #MorganSilverDollar #SilverDollar #PeaceSilverDollar #Krugerrand #MapleLeaf #Cashforgold #JMBullion #SilverTowne #Engelhard #Platinum #Palladium #Rhodium #NGC #PCGS #ICG #ANACS #Currency #investinyourself #silverstacking #silverstack #goldstacking #coinshop #coincollecting #numismatist #numismatic #investing #investor #ideas #knowledge #recession #inflation #smartmoney
To place an order please call the shop.
Do you ship to Australia? Cheers
Come on...us viewers love the fact you give us insight on realistic pricing. 😢😢 keep the premium videos. Maybe do one every 2 weeks
appreciate it, we will do them periodically, unfortunately they just have not been paying off
@vermillionenterprises that's unfortunate I look forward to them
Thanks for the update. With respect to diminished demand and the continued disparity in buyers vs. sellers, the 5000 lb. elephant in the room is that people are increasingly just tapped out.
#facts
Yep, I would be stacking if I could buy their just any extra after paying mortgage, insurance, child support and food.
@@PumpkinKingXXIII Me too.
Personally I’m not buying because the spots feel elevated to me, who wants to buy when prices are so erratic?
Thanks for your insight, it's always interesting to hear. Thank you...
Thank you for watching.
Great shop to conduct business with. Brian and Tim are top tier professionals, I'll be buying more from them. Have a great Independence day.
Oh Man! Don't go away! We stackers love you guys. And this is the only source where we can get real, honest information from a man (actually 2 men) working daily in the trenches. All the other information out there on RUclips is just a bunch of BS'ers trying to sell us their dishonest or overpriced stuff. I always tell people that Vermillion Enterprises has the best prices in the entire country and then reference your RUclips channel. Good luck guys.
THank you sir, we appreciate it
Guys, your prices are great. It's the economic times period. Buy now videos should be your focus when you get deals. We all want deals when we have little money for metals. Thank you for all the info. you give us. A lot of people left this past weekend for their holiday week away, so that might have hurt your Sat junk sale along with the tough financial times.
Their problem is the lack of payment options; I guarnatee if they took Paypal and other payment options, their demand would increase a lot
I wonder how much the costco deals are impacting the demand at small businesses
i do not think it is affecting us much
@@vermillionenterprises Costco doesn't buy metals and their selection is limited. No generics or junk from Costco.
Love your content! 99.9% more relevant than most RUclipsrs speaking on metals
Thank you for watching
150% more relevant than all the other RUclipsrs put together!
The Audits are yet another way that the Government can see who is acquiring. Love the channel guys.
I see it more as another way they can tax small businesses
@@vermillionenterprises absolutely 💯 %
Nice to get Tim’s outlook on things 🎉.
The problem for me in Japan is that the Yen is relatively weak against the main currencies, so PMs seems high for me😱.
Thank you for watching
love the videos, hope to do more business with you guys
Thank you for watching, us to
I've been noticing it is getting tougher to wholesale silver to dealers in my area. Any advice on presenting new custom silver to local silver dealers?
with the few number of retail clients, i am guessing it is going to be tough with specialty products for a while
Love the premium videos. Would like to order more but have to save up the cash to buy. Others I know the same, getting the cash to buy together takes longer.
we appreciate it
Keep it up 👍
Thank you for watching
We do appreciate the content videos. The postings of price are plenty good at least in my opinion.
Brian you are probably the cleanest data I’ve heard on status of the bullion markets. Most other sources are putting in opinion and hope it seems. So you insight is appreciated.
Thank you for the dimes Saturday good job
we appreciate the business sir, thank you
I wanted that junk silver deal but 1000 miles out of reach.
Thank you for watching
People have hardly no disposable income all goes to necessities I think it sucks for everybody right now.
looks like it
Audits = legal shakedowns
#facts
Well. Constitutional at minus 50, sold only locally, now needs to be opened up to the rest of the masses? That means us? Tim needs to stay employed. StackOn.
Thank you for watching...selling junk 90% currently at spot
First time being recommended your channel. I love the consistency of your hours and honest, easy to understand prices. I am going to be checking out the linked video about the difference between spot and melt. Thank you.
Now is a damn good time to buy premium silver. Cheap Australian and Canadian animal coins are plentiful and I have been getting them cheap. Brian, you might want to explain to folks how a GSR + Premium trade can result in folks getting even more gold. 100 ounces of Koalas can buy significantly more gold than 100 ounces of generic. Right now, those cute woodland critters are as cheap as farm animal rounds, but they will sell for a lot more come Christmas time. I've been getting cheap dragons and spaceships and other premium metal about 30-40% cheaper than usual. Its awesome. Never thought I would say Discount Marlin. 😆
I think you just did....something to think about...thank you for watching
Thank you, very informative..
Thank you for watching
Jamie Diamond Is my silver lover undercover
Nice
There is a premium on gold bullion. There are few lenders that collateralize gold. I make nothing, until I find a buyer willing to pay more than I paid. The current prices are down 4% from their all time highs.
Always enjoy the update on general market trends you guys are seeing. Thank you.!
Mornin Brian and Tim, I hope you are well?
Good Morning...doing well, thank you...and hope you are well also
@@vermillionenterprises can't complain. Thank you for asking.
This guy is really good. He can sell so cheap because his brain can process lots of transactions quickly and accurately and that's not very easy. Some shop owners can't beat his prices becomes they have to work slower because counting lots of coins and bars isn't as easy as it looks. It can be downright tiring too. This shop owner is very honest to so the combination of being honest, accurate, and efficient is why he can sell so cheap. It's alot of hard work though.
From this video, it sounds like gold and silver prices may pull back a little
¯\_(ツ)_/¯
Keep posting pictures of the premium board
need people to start buying then
Low demand, deflated premiums yet the spot price STILL stays strong....BUY signal if I've ever seen one. Market is just digesting all inventory thrown at it.
If I were in town this past weekend, I would have been all over that junk sale, sorry to have missed it. You guys have some of the best prices in the business so if you’re not selling much, I doubt others are either
I’m a dealer in the UK 🇬🇧 and I’ve been dealing with alot people with short attention spans. A lot new faces but loose interest fast they get the silver / gold bugs then fizzle out. . . . . . .
❤🇺🇲🇵🇷🇲🇽😎 Love your channel. We hope to visit when we get back to Longboat Key!!!🏝🏖
we appreciate it
My local coin shops and the culture of small men that buy metals turned me off. I still love the idea of metals, but I'll just wait for that annual show
Sir i have 2000pcs old coins from different country,first British
Hi Brian and Tim. Great video as always, with discussion that you don't typically see on similar sites. One thing that current investors might keep in mind is that commercial demand from industrial users and Sovereignties is still decent, despite the fact that retail demand is at a multi-year low. The market is still governed by the large commercials, which is why silver is still at a relatively high price on the spot market. The point is that it would appear that a substantial amount of over the counter buybacks are going directly to the refiners and being converted to 1,000 ounce bars, which means that the junk silver supply is steadily shrinking. At some point, retail demand will come back, but there will be a smaller supply of numismatics and junk because of the current melt. Who knows how long this will take, but there will likely be a day when the premiums come back even as the spot prices rise.
In my very affluent area, the LCS said last week that there are now many more sellers than buyers.
Steve in panhandle says thank you for making the video, and keeping us informed. I agree with you it will be interesting to see what happens after elections. I think no matter who gets elected economy will get ugly after elections.
Thank you sir for watching, i agree about the economy
You selling at the year ago video gold melt price $1713 ?? Lol
nice
Didn't gold go up 41.14 to 2,403.26 !
It's to buy gold these days with as high as food and gas and electricity are everything's up ! 🇺🇲
@@zebcherry prices do not appear to be coming down anytime soon either
3 audits? wow. IRS making use of those new agents. Things seem to be getting worse. Sorry for you guys going through it. I wonder if you'll be seeing multiple audits each year from this point forward especially seeing they got an extra 7k out of you
1 AML, 1 ATF, 1 Insurance company.....Insurance cost me the most....LOL
@@vermillionenterprises ATF? What the heck.. You don't sell any of those 3 things
SLV is still too high to really buy. Better to wait it out. Silver can go lower. Building my position in IBIT right now on the dips.
silver can go up and down
@@vermillionenterprises True, but that's how you make money. Volatility is your friend.
ty
What is spot + 2 % mean
Please watch: ruclips.net/video/CnPD2QBKhz8/видео.html
@Vermillion Enterprises: you have Kennedy’s?
90% is currently dealer's choice.
You buy 40% Silver?
yes sir
Some guy did a video Sunday of the Eagles you sold them for the flash sale on 6-29-24 and they were really happy with their purchase. I made a local purchase with someone else for a $5.50 junk silver value of Mercury dimes for $120. Many of his dimes were a little slick and I think if I had been able to buy a roll of dimes from Vermillion I would have been much happier. I will save up for a purchase.
It's always in demand from me. Slightly heavy on silver, so gold has my attention for the most part. If we get closer to 85:1, silver would get all my attention though. Gold is likely going much higher over the next year. So either feels like a worthy place to put savings.
There are people broke, but there are people waiting for a reasonable dip as well.
I love 90% silver, but I'm currently very picky about which denomination I'm purchasing at the moment. I'll admit, if I were closer to you, I'd be visiting you frequently!
Hey if you are seeing fewer views it is probably YT messing with you. A channel I watch called Toyota Maintenance, all of a sudden his videos stopped being recommended to non-subscribers. Cut his views by probably 2/3rds. I think YT then came back to him and wanted him to pay to be recommended. Idk all the ins and outs but like you his subscriber base was going up but views were down.
Brian and Tim, thanks again for your insight, experience and perspective. With the current metals situation, mine is going back in the safe. I will keep on waiting,watching and anticipating.
Thanks for video. Glad to say I’m a new member now !
A lot of people are selling 90% for spot
Great info , Thanks.
Brian & Tim. Yee haw! 🎉🎉
Have a great week!
Do you charge sales tax? Also how do we take care of shipping?
Sales tax largely depends on your home State's policy on precious metal purchases. Shipping costs vary depending on the product(s) and destination. Most commonly it's a $13 USPS flat rate shipping charge.
Suggestion: bring in some different pieces. Not a lot But as a stacker it gets old with the same premium prices on the same products. Hand poured items. Bring a small amount of couple item sell through and bring some different items. Sounds like there could be opportunities out there. I appreciate your vids. But spice em up!