I got you beat Speg, for months i kept getting an offer from a credit card company to take advantage of a special offer, get their card, spend $500 in 3 months, and get a $300 cash back bonus. No annual fee. One night I thought what the heck, I'll fill out the application. Boom, almost instant approval (I have insanely good credit) as soon as the card arrived I bought a little over $500 in silver from SD Bullion. Free shipping, and as soon as I was notified of my $300 bonus I applied it to the balance on the card, then immediately paid the card off. $500 of silver minus $300 bonus, no taxes, and free shipping. That's a bargain. I bought 1 ozt Australian Perth Mint 125th anniversary silver dollars. Beautiful coins in reverse proof, each coin in a plastic capsule. I wish they had the Queen on the obverse instead of Chuck, but might be more collectable. Depending on how long Chuck will be on the thrown, no not the bathroom. You know what I mean. 😊😅

@user-hm5zb1qn6g

17 күн бұрын

I am in awe of the way you grinded that whole process. Well done.

@cutlerylover

16 күн бұрын

Ive got you beat too, lol did the same thing on a business card, for my LLC, when I bought my truck I had to give a few grand down payment so knowing that I opening a business line or credit and got $900 worth of points of free money for spending over 3k in 90 days, only used it for the down payment...Financed my truck put $355 down used my new card got my $900 in points converted it to cash back, got an instant transfer to the bank...then made a $900 extra payment on the truck ;) If you KNOW you will be making a large purchase theres no reason not to keep doing this, as long as you haven't applied for any cards in a few months and have a score over 750 you will be approved every time, reap the rewards and keep the account open ONLY if there is no annual fee and the extra credit only helps your credit to debt ratio keeping your score high...

@bc_usa

15 күн бұрын

What's insanely good credit? Mine is 830. Is that insanely good? 😂

@lindanelson8400

15 күн бұрын

@bc_usa sure is, got me beat by almost 20 points. I'd say we're both doing pretty good 👍

@cutlerylover

15 күн бұрын

@@bc_usa It was a low key flex, lol and yes 750+ is insanely good even though the average FICO in the US is like 717...doesn't matter if you have 751, 780, 800, or 850 your getting the exact same treatment if you ask to borrow money...

Not in CA. In order to avoid sales tax here it’s a $2k min buy. can’t avoid the sales tax with the 5 cap 😕

@musclesmouse

17 күн бұрын

I'll move to TX

@KriswithaK4821

17 күн бұрын

Just add something else to it. Unless there isn’t something else available, it’s not an issue.

@tiger_would4419

17 күн бұрын

@@KriswithaK4821 this is where it gets weird. If I add the one oz gold bar I don’t pay tax on that, but my understanding is I still pay tax on the 5 silver bars. The $2k min only applies to PMs but it’s on individual purchases. Commiefornia!!!

@SmithsnMoz

17 күн бұрын

COMMIEFORNIA 😮

@KriswithaK4821

17 күн бұрын

@@tiger_would4419 that’s not the case. I do it all the time. You can buy whatever as long as the total is over $2000. Total purchase, not each individual item. Same goes for online dealers. I’m not paying tax if I don’t have to.

No tax on bullion at all in Canada, provided the precious metals are defined as bars, ingots, coins, or wafers of gold, silver, platinum, which are refined to a minimum purity of 99.50% for gold and platinum, or 99.9% for Silver.

I went to a coin show yesterday and 10 ounce silver bars were $279.

@Spegtacular

17 күн бұрын

Nice! Which kind of bars and how much cash back did you get for paying with a credit card? ;)

Thank you for sharing.

The RCM bars are one of my favorite 👍👍

@Spegtacular

17 күн бұрын

yeah they're so nice. top ten bars for sure.

My takeaway is that Costco is breaking Florida law by improperly charging sales tax. Their computer system should automatically account for bullion sales over $500. The fact that it is NOT, tells me there's potential for a class action lawsuit here. How many customers paid the sales tax because they didn't know it was supposed to be tax free ? Why don't you return to Costco, buy two of the bars (to get over the $500 threshold) and don't say anything during checkout... and see if you get charged tax. Don't worry, you can get your tax money back later... this is just to test their system. Then have a lawyer send them a letter about it. Costco should know every customer they overcharged, and Costco needs to credit that money back to their customers credit cards ! Speg, you just stumbled on a good lawsuit that will help protect the public.

@kramtowne818

17 күн бұрын

That is a spectacular idea, to help all Florida Costco bullion buyers!

@fatlostmedia1376

17 күн бұрын

Dude ur such a nerd u can't law suit over sales tax. Every store has the right to include sales tax. Also the tax of 7 percent on 300 is like what? Hardly nothing. Stop being a goof ball. Plus business pay credit card debit card fees. You don't know how Costco is set up maybe the taxes go towards their fees. Stop being a goof ball😅

@Spegtacular

17 күн бұрын

So the tax on the $1500 which is 5 bars was over $100... so not hardly nothing as it's easily $20 added to each bar. The store has NO right to include sales tax on non-taxable or tax-exempt items. It's a law. That being said, for some reason people seem to believe that if there is tax, somehow Costco would benefit from that tax. Tax money isn't kept by the company lol. Regardless, tax should not be charged in my state (Florida) with $500 or more in bullion in a single transaction.

@joeknipp6698

17 күн бұрын

@@Spegtacular Speg... you've got a potential class-action lawsuit here. Contact the FL state attorney general and see what they say. Also, make another purchase (or more) at the same Costco and others in the state and see if they are incorrectly charging sales tax. This is something the state SHOULD do, but if you do it yourself, then you have proof that the state can not deny (or hide).

@Hooya2007

16 күн бұрын

As Speg alluded to, the improperly charged tax is remitted to the state. In order to sue over a sales tax dispute in Florida, you have to first seek reimbursement from the retailer, and then there's an administrative process if that doesn't work. Only after all that could you sue. You might be able to get the state to tell Costco to notify potentially impacted buyers of the opportunity for reimbursement, but there's nothing "requiring" them to (though with Costco's reputation they may do it willingly if enough people complained to them).

I don't do Costco online and I have never seen metals in any form other than jewelry at my Costco. Maybe I'll get lucky eventually. Adorable hatchlings!

@Spegtacular

17 күн бұрын

Thanks!

So glad that you popped up and I watched this. Will be in Florida next month and might buy some, not necessarily from costco.

It's cool that happily purchasing metal in the public eye gets a feel for the mixed reactions.

I awing by the little jewelry cases to see if there's any smokin deals on watches, yes I'm a watch whooore too. But haven't seen any silver bars yet. I'll keep looking.

No tax here in VA on silver and gold purchases. Keep on stacking.

Nice find. I have heard of COSTCO selling precious metals. I definitely believe you came out ahead. How will a big whole sale company like this, affect local bullion dealers?

@Spegtacular

17 күн бұрын

I mean it's just one product. I really don't think it'll have too much of an effect unless Costco begins to go bullion-crazy and I don't see that happening. I feel like this was just a single product in an attempt to broaden interests of more customers.

Good to know about Costco! And even better I won't run into your problem in Nebraska lol glad it worked out for u tho

You're super lucky bro! You are wise to be on top of the tax game when it comes to buying bullion, as most buyers are not. But also, the cashier and manager were aware of the law and were honest with you. You won the lottery with this one. Others may not be so fortunate. Be sure you celebrate this one. 👍

is the limit of 5 per visit or 5 total for each membership?

We got the .999 gold bars at the Costco we shop at . There was not tax on ours either we bought 5 of them that’s the max we could buy at that time because it changes with how much they get so we’re always looking for more they only sell it in certain stores here in AZ

Especially considering the cash back, that's a pretty good deal. Haven't seen any at my local Costco, but will keep my eyes open. Also, loved the outro on this one!

@GaryTongue-zn5di

7 күн бұрын

No it isn't. That is a terrible deal! Silver ain't worth that much.

💱💱we are the moneychangers💱💱 Never bought silver on CREDIT.. Have not paid over spot on most buys, as I pay in CASH as the sellers want CASH and quietly... I have my way, y'all have yours! KEEP STACKIN. I had my stack STACKED well by 2012, from around 1978 forward, WE then bought more land 200 miles NORTH of us in VERMONT, with a large portion of SILVER and CASH. Restacked 2013 thru 2019... Now I cull my stack with my purchases, then resell the rest. I buy privately as I provide a "service", as I have since I made a name for myself in my region. STACK ON, no matter how. Its about VOLUME not price to many.

I just bought a 10 oz bar from costco in CT they had for 289!

Good video. I was very interested in getting info of cosco silver.

VERY NICE. CONGRATS!

Aww the little golden 🐣 that’s pretty cool Spegtacular

@Spegtacular

17 күн бұрын

I just got 125 oz Silver online at Costco silver maple leaves the best price anywhere SD,Kitco,APMEX.. all $2 less an oz plus reward could not past up limit 5 9(25)per customer

The real benefit of Costco membership is the hotdog and coke deal. Plasticized soft plastic bags for the silver bars usually means made using PVC. I wonder if that's true for those.

@Spegtacular

17 күн бұрын

You forgot about the rotisserie chicken!

@Roarmeister2

17 күн бұрын

My last two RCMs (incidentally from Costco) were encased in hard clear plastic shells!

@HackerStackerAG

16 күн бұрын

The plastic is from the RCM.

@zzyzxRDFwy15

16 күн бұрын

@@HackerStackerAG Yes but is it PVC free? How did they make their plastic sleeves so flexible without using PVC as an elasticizer?

@HackerStackerAG

16 күн бұрын

@@zzyzxRDFwy15 I'm not debating the content.... just identifying the source.

Literally when I had to have a job at costco, last winter, I was telling them to sell silver!

I haven’t seen any Oregon Costco silver yet. Or they get sold in an instant. Oregonians don’t have sales tax.

Did one of your kids ask you to make the outro about the hatchings or was that your choice because that was pretty fun to watch, especially with the music choice

@mrsspegtacular6484

17 күн бұрын

That was all him 😆 We ended up with 5 new little button quail.

@drip369

17 күн бұрын

@@mrsspegtacular6484 love it

Nope, they are overpriced and they track memberships.

We pay no tax at all on PMs where I live.

I thought Wisconsin got freed of sales tax on bullion beginning over a month ago. According to one of the big online dealers refered articles. But I still have been charged tax from a seller. Does anyone know the facts about Wisconsin tax? Thanks much

I love art 🎨bars. So when silver goes this high i stack art bars,

A smart man knows his limitations.

@lindanelson8400

17 күн бұрын

Nice Clint Eastwood reference 👌

@Spegtacular

17 күн бұрын

A smart man limits his expectations and understands his limits.

That Megalodon fossil tooth is awesome!

@Spegtacular

17 күн бұрын

You're awesome.

Cool! Good job!👍

Welcome to Costco - I 💕 love you 😑

@Spegtacular

17 күн бұрын

haha

@eaganmount4244

16 күн бұрын

I like money too 😊 brawndo has what plants crave

Hubby and I abuse the credit card points system every month and pay it off the day it's due and it's always fun when they kick back free cash that I can link to PayPal for auction orders❤🎉🎉🎉🎉

@Spegtacular

17 күн бұрын

This is the way!

@lizachat2608

16 күн бұрын

@Spegtacular bahahaha we say that all the time to grandkids🤣 They luuuv Mandolorian... 😅

@mommaoinnh2674

11 күн бұрын

Trade the points for a statement credit and you get more $. Then charge the auction purchases and make more points off those as well.

Nice score 10 oz Royal Canadian are 482 dollars right now in Canada

@Spegtacular

17 күн бұрын

What's that in USD?

@duanedas5346

16 күн бұрын

@@Spegtacular$ 352.82 in USD

@Spegtacular

16 күн бұрын

Geez

You paid about $32.60 premium per bar, over the spot price... $32.60 x 5 bars = $163 total premium.

@Spegtacular

15 күн бұрын

Did you calculate the return for cash back?

I have found gold on costco website but not silver. Never shows up in the search

I would like to draw attention to an important aspect of credit card transactions that often goes unnoticed. While credit cards provide convenience and rewards for consumers, they are not equivalent to free cash. In reality, businesses incur costs when processing credit card payments, which ultimately affect the prices of goods and services. Here are some key points to consider: Processing Fees: Credit card companies charge businesses a fee for each transaction. These fees can add up significantly, especially for small businesses. Consequently, businesses often adjust their pricing to cover these costs. Hidden Tax: Just like taxes on big businesses, credit card processing fees act as a hidden tax on consumers. Although it may seem convenient to use plastic for purchases, the associated fees contribute to higher prices for everyone. Cash Back Illusion: While cash back rewards are enticing, they don’t negate the underlying costs. For instance, if a business has to raise prices by 5% to cover credit card fees, even a 2% cash back offer doesn’t fully offset the additional expense. In summary, credit cards provide benefits, but they come at a cost. As consumers, we should be aware of the impact our payment choices have on businesses and overall pricing.

@maritimezhang

17 күн бұрын

That’s like saying if you eat you might choke. Doesn’t changed anything.

@fushi-the-Immortal

17 күн бұрын

​@@maritimezhang The complexities of our world often go unnoticed, largely due to the inability of many to perceive the realities that lie directly before them. The influence of credit card companies on the economy is a prime example of this. These corporations indirectly contribute to the inflation of everyday commodities, such as food. If this concept seems difficult to grasp, I would recommend enrolling in an economics course for a more comprehensive understanding.

@Denice340

17 күн бұрын

So the, I’m guessing 200 million Americans with credit cards should stop cold using them. We are very aware that merchants have to pay for credit/debit cards machine usage but if we stopped cold using credit cards, you think all business would lower the costs of their goods and services? I don’t have a business degree but I do have a minor in business.

@fushi-the-Immortal

17 күн бұрын

@@Denice340 Credit card fees feel like they're everywhere these days, making everything more expensive. While rewards programs are nice, for everyday purchases, I'm not sure the cashback always justifies the fees. Wouldn't it be fairer if stores were more transparent, with a surcharge for cards and a discount for cash? Maybe if everyone knew the true cost of credit card transactions, competition could drive prices down overall.

@fushi-the-Immortal

17 күн бұрын

Credit cards offer advantages for both online businesses and consumers. Businesses can expand their reach to a wider customer base, while buyers benefit from fraud protection. However, the convenience of credit cards shouldn't come at the expense of hidden fees or inflated prices. Ideally, transaction fees should be transparent and not reflected in overall product pricing. This would prevent a situation where everyone ends up paying a premium for the convenience of plastic.

Speg- do you know what silver spot was the day you bought these? I saw your community post when you found them. Executive membership is $120 a year and you get 2% back at the end of membership year. 2% back on your City Costco card. So not sure how you get 5%? I think you only get 2% on purchases from Costco. The nasty part is if you dont pay the balance off they slam you with 20.49% APR.

@Spegtacular

16 күн бұрын

Credit card gives me 3%

is the tax exemption a Florida deal only?

Amazing find man. Been getting gold and american eagle coins in tube from costco.

Nice deal Spec. We only have a Sam's club in our area.

@Spegtacular

17 күн бұрын

To be honest... I've got to travel to Costco... may do a Sam's in the future.. although I don't really care for Walmart.

I wish Sam’s club did this. My closest Costco is 250 miles away. Is 10oz the only option, or do they have 5oz bars as well?

@Spegtacular

17 күн бұрын

10 oz only that I've seen thus far.

$300.00, is the going rate!. Same price, as LCS!!😊

Executive Membership

@Spegtacular

17 күн бұрын

Yeah, that one!

You can't go wrong with a 10oz Canadian silver bar. Beautiful 10oz bar - a great option for those looking for a 10oz."

@Spegtacular

17 күн бұрын

Absolutely! Been love at first sight for me on those when I stacked some years back.

A bar is a bar IMO ,,, buy collector coins if your stacking and not selling that's the big boys game Morgan's peacedollars ect

Good deal. I have to check out my Costco! I have a local guy that I get bars from. I collect only Scottsdale bars. 1 oz and 10 oz bars. My guy gets me 2 dollars over spot for them. :-) and at first. I thought it was to good to be true. So I got a sigma to test those bars. And there all good!

Looks like i have to check out the outlets 🤷🏾‍♂️

In Canada the 10 Oz bars are costing $430. There’s no tax on bullion.

@Spegtacular

10 күн бұрын

Sounds like at that price you’ve already been hit with tax.

Are they in the jewelry/rings etc case at Costco?

@Spegtacular

17 күн бұрын

Yep exactly.

Great video, love to see the stack growing. And the girls loved seeing the SLQ with a place of honor by the Meg tooth 😁

Makes you wonder how many, out of the know, end up paying taxes on metals when they shouldn’t.

@Spegtacular

17 күн бұрын

That's a great question.

Good job Jesse

340 each on Apmex. Sounds like you did well.

Executive level.

$30. Oz. No thanks

@MS-li5tp

17 күн бұрын

You don’t expect a $0 premium do you?

@Spegtacular

17 күн бұрын

That's the "I only buy silver at spot guy" we all know that guy... he has a massive stack of war nickels and 40% kennedys.

@brianstone4302

17 күн бұрын

30 for the bulk 10 should be less.Y’all know that.The rules of bulk don’t apply anymore SMH

@avelitosan

10 күн бұрын

I agree, a bit over price specially when it is canadian silver. should be even cheaper being canadian silver and as bulk at 10 ounce. I can get a minted canadian dated coin/bullion one at about the same price in vancouver bc specially with the currency conversion.

In Minnesota there no tax on gold and silver I got I 10 ounce bar at Costco on Saturday no tax.

@Spegtacular

17 күн бұрын

Nice job! Question for you: Same bars in Minnesota?

@ChicagoWay

14 күн бұрын

Minnesota does tax gold and silver coins though.

I think local coin shops feel threaten by Costco, much like the smaller gas stations. The reality is that when it comes to buying gold/silver, you will get better prices at Costco.

@Spegtacular

17 күн бұрын

To be fair.. it was just a minor option within the case. Nothing else stackable in the case. A coin shop and a single option at Costco can't even be compared.

Which credit card are you using to get back 3%?

@Spegtacular

17 күн бұрын

BOA

I wonder how many people unknowingly end up paying tax? Edit: and do they have any recourse, such as a refund?

@Spegtacular

17 күн бұрын

It's illegal so if they refuse a refund then it could result in criminal liability for the company.

That is about $30 an ounce, spot is $26.50, so roughly 10% above spot, pretty average price for small amount.

I have Sams Club. I wonder if they sell bars?

@Spegtacular

17 күн бұрын

Maybe not today but one day?

Good on you Speg! Wish there was a "C" store near me but..... travel, travel, travel for everything for me it seems. Congrats to you! Waiting on a silver order today....dimes for me! Take care, be safe and God bless!

@Spegtacular

17 күн бұрын

We travel for ours too...but it we enjoy the adventure.

I recommend going to your local coin shop to buy your silver and gold. Shop local my friends

@FirstnameLastname007

17 күн бұрын

I try but they charge 5.50 over spot for silver even beat up stuff my local suk Sorri I tried to give all them a chance super high price and the others lied to me to take advantage I tested them last time nope

@steveirwin8102

17 күн бұрын

Vermillion would have been cheaper than Costco. Even with the 5% discount

@user-hm5zb1qn6g

17 күн бұрын

No thanks. The vig at the local shop is ridiculous.

@steveirwin8102

17 күн бұрын

.50 over spot is cheaper than Costco

@FirstnameLastname007

17 күн бұрын

@steveirwin8102 5 dollars and fifty cents not fifty cents

Not really! If you try to cash them in you'll only get half of what you paid. You paid a premium price. You were rooked!

I would just feel weird walking into Costco buying precious metals, do they have a sigma to verify the piece? Can you return? I don't have a Costco near me but I would at least go check it out, I would definitely spend over 2K to avoid the extra charge.

@Spegtacular

11 күн бұрын

It’s Costco so they are likely getting things like this directly from the Royal Canadian Mint or a huge wholesaler

I got mine @$289 from Costco in Dallas

@Spegtacular

2 күн бұрын

How long ago?

@HemantPatel-ei8jj

2 күн бұрын

@@Spegtacular may 4 and 5th.

When you consider how much silver is manipulated $299 each is a steal once you consider silver price should ve in the triple digits

@Spegtacular

17 күн бұрын

It all goes right into my little personal "bank"

you lucky A no sales tax!!!

Guess we are too broke in Louisiana. Never seen silver or gold. When in Dallas I’ve seen both at those costcos

@Spegtacular

17 күн бұрын

This was the first time I had ever seen it at my local Costco.

$299.95 is $300. For what you spend on the membership you aren’t saving anything, you can get them for less elsewhere. It is great you are paying off your credit card each cycle but most are not and going into massive debt just buying silver and gold, defeating the purpose and compounding their debt problem.

Hope you got Guy some snowballs with your groceries!!!!

@Spegtacular

17 күн бұрын

No way! I don't promote unhealthy eating, sir :)

@larryvercauteren22

17 күн бұрын

@@Spegtacular lol thats funny but the wise old owl knows!

The sheriff got him self some Costco silver 🥳🙌 just kidding nice bars

@Spegtacular

17 күн бұрын

Thanks!

Is it a good deal? Only time will tell. The risks are much higher buying at $30 an ounce for sure.

Very cool

@Spegtacular

17 күн бұрын

You're very cool.

good job

JM bullion just charged my wife 60 dollars an oz. for fractional bar silver I would say you did OK.

I’m surprised Costco doesn’t list bullion as an exempt item from cash back

@Spegtacular

16 күн бұрын

I was too actually.

WILL YOU AND MRS.SPEGS ADOPT ME???? LMAO THANKS SPEGS

@mrsspegtacular6484

17 күн бұрын

😆

@jamesreal7987

17 күн бұрын

@@mrsspegtacular6484 HUGS AND KISSES MAAM

executive member is the name.

@Spegtacular

17 күн бұрын

Yep!

30 a ounce seems high to me

👌

That says it all. "Just press a little button and the tax vanished."

@Spegtacular

17 күн бұрын

One single button and pressed one time.

cash back king !!!

Never buy bullion with a credit card. Yes you can pay off the balance at the end of the month, but down that road is a lot of danger and lions.

Why not pay Cash?

@mommaoinnh2674

11 күн бұрын

To get the 5% back, dah.

Buying silver bars that are very pretty for more money than a regular silver bar that's ugly if they're both 5 oz and both 99.99% pure isn't the value exactly the same so why pay more for the pretty ones.

@prophetforprofit1431

17 күн бұрын

Ezer to sell later, it's just people's preference!

@Spegtacular

17 күн бұрын

A lot of shops tend to pay less for junky/nasty silver. ALSO I've personally sold RCM bars to people and they resell very well and at great prices.

Dang no .50 cal or taxes that high. Dang cali doesn’t want u free

No silver here in the Greater Phoenix Costco Stores at all ., Why not here You know you should make a data base where these are located at instead of BRAGGING about getting silver where ever the heck you live, this just upsets me

See you got your eggs 🥚 also 😮

Which Costco??? Lol. Didn’t know they had them here in FL. Going now lol. I have executive.

@Spegtacular

17 күн бұрын

This is in Clearwater.

@davidwynn3738

17 күн бұрын

Just checked with 3 Costco’s in central FL. NOPE! 😢

@davidwynn3738

17 күн бұрын

I’ve nailed down to a science getting Costco metals online.

@Spegtacular

17 күн бұрын

Go in store

how are you sure that they're real as I heard something about something on youtube about Fake Gold or Silver from some stores

@Spegtacular

17 күн бұрын

It's against the law to sell fakes and a big store like Costco couldn't risk, wouldn't risk, and does ensure they have legitimate merchandise. ALSO, I do have plenty of test methods. Check out SEVERAL of my videos on my channel about testing for fakes.

Only if u like pet rocks

fyi, mine tarnished in that plastic from apmex after 10 years. It's kind of annoying you keep it in plastic and it still tarnished.

@lewisbolman7862

17 күн бұрын

Every bar ive bought in those plastic bags has had wear marks, i instantly remove those things. They are crap

@Spegtacular

17 күн бұрын

It’s probably got sulphur in the plastic itself leeching out.

Omg the chicks so cute

@Spegtacular

17 күн бұрын

Thank you! They're about the size of a quarter.. a literal quarter.

i get them 290 bucks cash no recipts so thhey cant track it

@Spegtacular

17 күн бұрын

Nice! I ended up paying less due to the cash back.