You are my hero for not doing the last bar! Eff the haters

Paying tax on MONEY is just nuts, period! There shouldn't be tax even on a single bar.

I was shocked to actually see them in my store this Saturday. Bought 5, no tax (AZ). Great bars, $289.99 before using my Costco card that will get me 4% back.

Imagine going to the bank with a $10 bill asking for a roll of quarters and they tax part of that $10. No reason they should be charging you tax at all

I live in Canada…bought a few oz from Costco, delivered to my door no problem., as I can’t purchase at warehouse directly here in the province I reside in. When looking at prices in USA at Costco , there is a significant discount to what we are paying even with the currency exchange…about 30$ a bar. So I thought I’d call a Costco in a bordering state and go see if I could purchase a few bars. The Costco I called stated they were sold out…and that they sell out very quickly, almost immediately…told me to check back periodically, but they don’t know when they get product in stock. Long winded reply…citizens are starting to stack bouillon…Costco sales is a tell that society is getting concerned and buying bouillon as a hedge. Just an honest real world account of my experience and observations

I Buy in PA no TAX on COINS & Bullion!

My like, turned your counter to 1k even! I appreciate life's little victories for both of us!

Thanks SpegTacular. I purchased 2 from a local Costco to avoid taxes and was able to coach them through it because of your video 😂 They had to go read about FL taxes on some chart. No one knew about $500 in FL. Don’t give in to trolls! I’ve also got purchasing gold and silver for Costco online down to a science. 12 items in all that’s been offered online in the US.

Lol I love to see you troll the trolls! 😅😂 they couldn't wait to start typing.

I was at Gulf to Bay Costco today. No bars. I really had my hopes up but it wasn't meant to be today.

Our State passed a Law Exempting taxes on All Bullion, foreign or domestic, Numismatic coins , foreign & domestic, currency, foreign & domestic, on October 1, 2021.

Ya Right ! The manager took you aside 🤣🤣🤣🤣🤣😅😅🤣😭😭

Costco knows that loophole. Try checking the store once they sell it. They'll restock immediately.

Buying at 50 cents silver spot, is one hell of a deal. Plus the cashback on your card. Thats like buying at spot.

thank you Speg.

Speg old friend. I have missed you a bunch with the Tubes notices. Good to see you bud. I love the no tax on bullion that is in place here. Kind of like Nervana eh, LOL.

Online Costco has silver and gold coins all the time. But they usually sell out pretty quickly so you have to be fast. I've bought both some Maple Leaf and Silver Eagle rolls lately when they had 'em. And Costco did the calcs right and I paid no sales tax as it's not taxable in my state. Also get the exec and credit card cash back so it's cheaper but not as cheap as the bars. Still haven't seen any physical silver at any of the Costcos I frequent.

Nice! !(: And that stack too, WOW ;)!

You have to spend over $500 before it's tax exempt? That's ridiculous. In Canada, all precious metal bullion is tax exempt, regardless of whether you're buying by the grain or the ton!

Here in North Texas, they told me to do the same exact thing about the silver. So I call 19 stores, 8 every other day.

I was chanting to the tv, don’t check them all, don’t check them all, and you didn’t, great job , I did laugh some😂😂😂

Some Dealers still messing up. I'm from Florida too and cancelled a recent order during processing at Bold Precious Metals because even though I had over $500 in gold and silver they tried to tax me on the gold.

You did it again. You missed 1 bar to test. Multitasking is hard.

For all the haters , the last bar wasn't checked because of you guys. Keep up the good work, spectacular.Assured you enjoy your videos.😅

I just ordered a tube of 20 Silver Eagles today (May 13, 2024) from Costco online for $679.99 shipped to a no-tax State. The online order correctly calculated no tax and no shipping. The rate got me the 2% costco rebate back and was between $80 -$100 difference off of my normal 2 silver sites I order from.

I went through the Costco/tax fiasco in Nevada. It was more expensive than ordering through the usual on-line vendors even with the higher premium.

14:34 lol that's too funny. Skipped the last one

I wish my Costco in Sarasota would sell those silver 10 oz bars. They only sell one ounce gold rounds.

Thanks for the informative episode

I’ve been weary to buy silver in the last five months. I’m in the green on all My silver right now just over a kilo. But I can’t get myself to pay current prices.

Bro if Costco ever gets ahold of Libertads …..

I wish my Costco stocked these bars. It's pretty awesome that you can get them, though!

I'm new to your channel and love it. Thanks

I just checked on costco website and for my area (?) they have ASE roll for $679. I might pull the trigger. Delivery only. Just figured I would pass on info in case anyone has same deal.

Last bar with serial numbers ending in 7937 wasn't tested.

in New York all silver is taxed unless you purchase 1000 dollars' worth at a time. I guess that the small retail purchaser is expected to bear the tax burden again. Why am I not surprised.

you did forget the last

A sales tax is imposed on retail sales in California, but bullion product sales exceeding $1500 are exempt from the state sales tax. This includes bullion coins, bars, and rare coins, and covers both individuals and businesses. Bullion sales under $1500 are subject to state and local taxes, which vary from municipality to municipality.

I bought a gold buffalo today from costco it was under spot with executive account and cc cash back I also got a roll of maples for 787 after rewards, well under other online stores especially their credit card pricing

Thank you for sharing.

we do not seem to have these bars at our Costco in Greensboro North Carolina.

This is because you're buying a product made out of silver you're not buying or exchanging currency for currency this is why I tell people you need to buy silver eagles or Gold Eagles additionally if you go to sell that bar and it appreciates and value the person who buys it say a pawn shop or some other entity has to report the purchase and who you are to the IRS that means you've got capital gains to pay if you are using Gold Eagles or silver eagles is just an exchange of currency if that Gold Eagle went from 2,200 to $5,000 the buyer has no obligation to report anything to the irs because they are just exchanging currency for currency

One other thing I'd like to say and know is, in Canada 🇨🇦 we are not allowed to but directly from the mint. Only licensed coin dealers can and that's where premiums kick in. Can my American cousins buy directly from the U.S mint or can you only buy mint products from licensed dealers?

I went n got 5 in CT where its tax free over $1000, went smooth but def gotta buy them first when you go in and go right to the managers desk with the slip.

New subscriber - love your Costco silver videos! Appreciate the info on state tax - seems Virginia requires $1000 or more to avoid sales tax. Will check if my local Costco has them in stock. And like others have said - ignore the trolls! 🙂

Dallas/Ft Worth TX area- I was just told by a membership customer service lady, that not all the stores carry gold and silver, or maybe just one or the other. So I am marking many off my list to call every other day, but I will get a hold of a store manager to verify this and let you all know.

I spoke with my contact at the corporate office. I was told they use the gold to entice customers into the new store. So all newly opened stores no matter how big or where they’re at, those are the store that stock gold intermittently. Good content.

Ugh. Just aggravates the hell out of me that Nevada (the Silver State - as our motto goes) has sales tax on silver/gold….no exceptions. Kind of ruins the desire to buy as it’s around 81/2 %.

Where did you get that Precious Metal Verifier device? I am just getting into stacking and if that device can reliably detect real precious metals from forgeries then it seems like it would be a good investment.

Well raw foods are tax exempt whereas prepared ones are subject to tax. They need an algorithm in there just to sort the whole tax thing out for them. Can’t imagine it’s hard. 😮

On the phone with one of the Texas stores, a manager spent over 15 minutes talking to me. Very nice guy. It is true, only certain stores get either gold or silver, this store only gets gold bars, he has been there for 3 years. He did say -all is determined by corporate, he will get an email saying in one hour or so, your store will be receiving this gold bar delivery, normally in a quantity of 16. And of course, the limit is 5 per purchase. But not all stores get precious metals and something from corporate is driving the type and quantity to each store. I am wondering if I can contact corporate somehow and ask if I could have a certain amount sent to the store closest to me? And I have never seen 5 or 10oz silver bars online. have you?

Here in Canada 🇨🇦 we don't have to pay tax on silver maples ot other RCM silver like bars. However, if you buy scrap Canadian or American silver then we have to pay tax.

There are no taxes in Nebraska on precious metals, thankfully.

I was told Thursday and Fridays they get more silver here in Idaho

Nice looking bars those 👍

I live in Kentucky. And JM Bullion has to collect taxes on ALL purchases from them.

I am mostly by a local coin shows in California as I get the tax break for over $2000 purchases every time.

They are nice looking bars. 👌

For once I catch a tax break in Michigan......." These taxes must be collected on (1) copper products; (2) palladium products; (3) any bullion products made of gold, silver, or platinum if their purity is less than 900 parts per 1,000; "

Alamo heights coin shop has 2024 eagles. San Antonio

First off Thanks for posting this video! Personally I would have bought the 10 0z bar, thinking that if silver hits triple digits this summer, I would have made a good investment regardless of the sale tax. Thankfully where I live there is none, only on Constitutional silver and collectables. Cheers!

Where I live all Silver and Gold is Tax Exempt no matter how much or little you buy from 1 silver dime to 1000 silver dimes no tax at all.

I just bought my first one Saturday! No tax in Colorado yea!

Where do you cash in your silver and gold bullion?

As a Maine resident, stacking is now a challenge. Finding sales are always a good idea, but a necessity when you have 5.5% tax to cover. Really time to move I think.

🤜💥🤛Speg, that phoenix is really nice, I bet it was crazy expensive. 👍

I bought over $500 from apmex the other day and they tried to charge me tax on the 2 ASEs that got! I had to submit a claim, but they did finally refund it to me.

in costco canada, the PM's are only sold online

I am in CA and the tax exempt threshold is $2000. It makes no sense to me why some people have to pay tax and others don't. Wait a minute.....it makes perfect sense. They cater to the more well off.

My local Costco had no silver or gold in the jewelry department sadly

I tried to explain to the cashier there was no sales tax, then I had to explain it to the clerk at the pickup counter, she’d never heard of it either, she then went and ask the manager, problem solved.

I live in California and I bought 50 Canada 1.5 oz silver rounds from Apmex @ spot price $28.20 "spring sale" over $2,000 purchase NO TAX in CA.

They charged sales tax on Ebay and Wisconsin repealed tax, how do you get that money back?

makes you wonder how much costco has taken in on taxes they should not have collected on this silver as a lot of people might not catch the error. also i unfortunatelly cant do silver at costco, unless they also have gold. im in california and our tax exempt amount is over 2000

Damn! You can literally walk into a Costco in Fl pick a bar off the shelf and purchase it at the checkout? I am a member on Long Island NY and they don’t have them here. I need to move. My state sucks.

Thanks for the info! How are you getting 5% cash back, versus 4% (2% Executive + 2% Citi card)?

My state does not charge sales tax on anything Montana’s great that way

Don’t listen to trolls most people are completely ignorant to the value of gold and silver

At my Costco in Az he told me that when they get them they sell out immediately

MIssed that last one again....

Dang it you guys I promise you Costco will not sell fake items

I've called my Costco's here in the PNW and they do not have these bars. How do you find them?

How did you find the bars on the Costco website? none come up.

Informative

In Canada you don’t pay tax on pure gold/silver aka money.

Went to my local Costco (Warrenton Oregon) and no silver bars. However they did have 1 oz Gold bars. As of Thursday May 9th.

Are the bars usually in the jewelry counter?

I was reading a 5 bar max in California on the website meaning i always would have to pay tax. The governor in California is greedy in fact he also charges about 2.00 a gallon tax for gas.

I'm sure it's a nightmare to program all of the tax laws for each state and product into the POS software. Even online Bullion dealers, much less Cosco.

i got it . that is funny. good for you.

Awesome brother... I see what you did there hahahaha

Yeah I'd check your state laws for JM Bullion because they are charging taxes for Nebraska. Nebraska Revised Statute 77-2704.66 states "(1) Sales and use taxes shall not be imposed on the gross receipts from the sale, lease, or rental of and the storage, use, or other consumption in this state of currency or bullion."

Am I correct in assuming that if the bars were not legit then your headline would scream Costco sold me fake bars?

😢 Anybody knows 🎉why Apmex via Walmart online charges tax on gold and silver even though the state that I live has no sales tax on gold and silver purchased by residence (in-person and shipping address in state and into the state- no tax)?

Nice

Interesting!!

Same Bar in Cypress CA costco is $439.99.

I’ve tried three stores in the Chicagoland area with negative results

SD Bullion does not charge tax when shipping to Ohio.

Haven't seen any silver at my Austin TX Costco. But any amount of bullion would be tax free here.