Okay, who else thinks the reflection of the gold coins on the gilt edges of the book deserves an A+ for creativity and imagination? Just beautiful!!

@2is1gold

Жыл бұрын

🤜🤛

@deltalima6703

Жыл бұрын

Did not rewatch, I already knew what you meant. Guess that alone says something.

@SwaggerjackProductions

Жыл бұрын

Yeah, that is some solid gold creativity. ^^

@Scottishcoinsbro

Жыл бұрын

Didn't realise that until you said spot on they done a great job of the gilt end of the pages ,✌️

@808bAler

Жыл бұрын

That Rockstead Higo II sure doesn't hurt the ambiance. Homie got some good taste, for sure.

Don't toy with me, gold man.

@2is1gold

Жыл бұрын

Ha!

@brandonriddick1897

Жыл бұрын

My sentiment exactly

@grimreaper_1981

Жыл бұрын

😂

@SilverForeverX

Жыл бұрын

😂😂

@SaltLife1717

Жыл бұрын

😂

Sell high and buy even more at a lower cost? Makes sense to me.

Great idea. Thanks for taking one for the team. Great info

@2is1gold

Жыл бұрын

It was a weird feeling. Still is. 😄

That makes perfect sense. A lot of people told me that they could easily sell gold but whenever I ask them what they have sold they are telling my that they haven’t sold any gold. 🙄 😂

@2is1gold

Жыл бұрын

Yep. Most of the "gold is gold" comments come from people who've never sold. Cheers!

I few years ago I sold about $70k worth of silver to APMEX without a hiccup. The nerve-racking part was the shipping and being concerned about shrinkage but it all made it.

@2is1gold

Жыл бұрын

Wow! That's a ... well, pick your favorite "that's what she said".

@Whateva67

Жыл бұрын

Wracking

@dealsfromvirginia1773

Жыл бұрын

@@Whateva67 Is it nerve-racking or nerve-wracking? “Nerve-racking” is the original and correct spelling of this phrase, which describes something that makes you extremely nervous. “Nerve-wracking” is a widely-used and well-established variant spelling. Many editors and usage dictionaries find it acceptable, but purists and prescriptivists consider it an error.

love your videos, thanks for the insight!

That’s not a bad price and that’s a very nice Rockstead Higo 👍

Thank you for this. Always great information on your channel, as well as down to earth approach on stacking.

@2is1gold

Жыл бұрын

Thanks!

Love the channel. I inherited some Krugerrands from my grandparents years ago but I recently made my first stacking purchase last week and the American Eagles just arrived. Look forward to $tacking more. Cheers.

@2is1gold

Жыл бұрын

That's great!

This video helps allay some of the concerns with online deals. Thank you for putting it together!

@2is1gold

Жыл бұрын

Absolutely!

Thank you for the briefing on selling the coins.

Yooooo! Thanks bro, good topic, important part of the process

@2is1gold

Жыл бұрын

🤜🤛

Thanks for making this video. I'm a new stacker and your videos helped me buy my first AGE.

@2is1gold

Жыл бұрын

That's great. 🤜🤛

Thanks for taking the opportunity cost to educate us.

@2is1gold

Жыл бұрын

🤜🤛

2-1 Thank you for this valuable information. This is something I've been looking at doing myself. I greatly appreciate you taking the time to explain this process and how it turned out for you. Excellent video!

@2is1gold

Жыл бұрын

🤜🤛

@go4it764

Жыл бұрын

My gold is in a bank safely lock box and silver in a home safe. Only 2 other people in the world even know I own precious metals. My 90 year old mother and a close friend whose name I put on the lock box . He doesn’t even know what’s in it. I’ll tell him soon, but he just knows my need for confidentiality

Great information! Thanks for sharing your process.

@2is1gold

Жыл бұрын

🤜🤛

Thank you for that information!!😉

Ty for the knowledge and experience of going through the process.

@2is1gold

Жыл бұрын

🤜🤛

Thank you for the class. Very helpful.

@2is1gold

Жыл бұрын

🤜🤛

Appreciate you doing that for us! Very informative and glad it was pretty smooth and easy. I wouldn't hesitate doing this now.

@2is1gold

Жыл бұрын

🤜🤛

Thanks for taking one for the team.

@2is1gold

Жыл бұрын

Yep. Overall, I didn't like it. 😄

Good to know. No local coin shops in my area, and I'm hesitant to sell anything via Instagram or eBay. Always figured I'd sell via JM or Apmex when the time came. Thanks for the video.

@2is1gold

Жыл бұрын

It was pretty easy. Cheers!

Great to hear about the selling process in the U.S!

Great video as always

@2is1gold

Жыл бұрын

Thanks!

Thanks for demystifying the selling process. It's something every stacker needs to think about to help make better decisions if worst comes to worst.

@2is1gold

Жыл бұрын

Agreed. Everyone should understand the process. Cheers!

Hey 2fer. Thanks for the info. This is a very helpful video.

@2is1gold

Жыл бұрын

Thanks, Jeff!

Thanks for the great information 👍

@2is1gold

Жыл бұрын

🤜🤛

Thank you for this informative approach. I really appreciate hearing that online dealers sound willing to buy a spectrum of gold amounts. I say, your last four videos have honestly been next level. I enjoy learning and planning future moves. Best wishes to all!

@2is1gold

Жыл бұрын

Thank you Michael!

@michaelmccoy2847

Жыл бұрын

@@2is1gold Thank YOU for your efforts!

I had exclusively stacked Maples, Eagles, and Buffalos - to be able to resell when the series of price explosions actually occurs. I got sloppy and looked to add a little diversity picking up a an Australian Kangaroo, a 2023 King Charles Britannia, and a Beast of the Yale of Beaufort, just before the prices took off. I don't have an LCS to build relationships with so my only options are price out from an SD Bullion, a JM Bullion, an APMEX etc. All my "diversity" brings me to just keep them and enjoy the coins and maybe pass down later in life. Thanks so much for all the info you put out - watch you everyday!

Probably the best gold related channel on KZread. Great video

@2is1gold

Жыл бұрын

Thank you!

2 is 1 great video. I didn't know APMEX or JD Bullion buys Goldbacks that is good to know. My LCS or Pawn Shop whatever they call themselves they only buy gold or silver or whatever is appealing to them. Thanks for keeping me informed.

Thanks a lot, that’s very informative 👍🏻

@2is1gold

Жыл бұрын

🤜🤛

Good information. Thank you for sharing.

@2is1gold

Жыл бұрын

🤜🤛

In the final analysis, the value of ANYTHING is what you can sell it for and how EASILY (i.e. how LIQUID it is) it can be sold at a good price. From my experience, NOTHING comes close to gold and silver for this at present.

@2is1gold

Жыл бұрын

🤜🤛

When the Spot Gold & Silver prices really start there move up you will begin to see Ad's everywhere offering Cash to buy your Gold & Silver

Thanks for selling some of yours so we didn't have to sell any of ours! I've almost sold a small amount in the past to test the process but now I don't have to. Great informative video!

@2is1gold

Жыл бұрын

Yep! I’ve looked into it in the past just so I’d know, but had to go all the way through with it to get the full experience. Kind of hated doing it, but it was easy. Cheers!

The video was helpful. Thank you

@2is1gold

Жыл бұрын

🤜🤛

I concur, selling to J M Bullion is very easy and efficient…as well as buying from them is…Just a side note…insurance is included when getting the shipping label from them.

@2is1gold

Жыл бұрын

Yeah, insurance was part of my $33 charge. Cheers!

Lol, taking a capitol loss for your subscribers, your one of a kind....thanks for the content I really appreciate your time

@2is1gold

Жыл бұрын

Ha, yeah. Stung a bit, but think of the LEARNING! 😄

Respect! I don’t believe I could have sold those particular coins. I do appreciate the video and information on the process. Odds are good that is how my children will liquidate my stack at some point. Stay blessed amigo.

@2is1gold

Жыл бұрын

Thanks Glenn. It stung a bit - I didn’t have anything I didn’t like! 😄

This was very educational! Thanks and selling some of your gold when really it's not to your personal advantage to do so. The way you sold your gold, through online vendors, is probably the way a lot of us would go about doing it. I'm glad JMB was able to buy your gold at very fair prices!

@2is1gold

Жыл бұрын

Yeah, hated to sell that coin, but it was a good experience. Cheers!

Thanks for the info Sir

@2is1gold

Жыл бұрын

🤜🤛

Took one for the team! Bravo!

@2is1gold

Жыл бұрын

"Thank you sir, may I have another?!"

Thanks for the info

@2is1gold

Жыл бұрын

🤜🤛

Pretty surprised about the royal arms premium on the buyback. Great video 2is1!

@2is1gold

Жыл бұрын

I was too. I was happy to see its value was at least partially recognized. Cheers!

Selling gold to teach something to the community. You, sir, are definitely a savage.

JM Bullion was my first buy, silver rounds and a starter pack. I like them a lot. I live in a place that has little choice in LCS. Gold is going down for now, but not bottom so you got a good deal. Wish you showed all the packaging video. Glad to see you exchanging gold for gold. You also didn't mention any sales taxes...?

@2is1gold

Жыл бұрын

No sales tax in this kid of sale. The packaging was pretty basic. I put a clip of it into a Short. Just a double box and padded envelopes. Cheers!

Excellent video content for future if I ever need to. I’m very pleased as well with both their services as well, with two others only. I’m able to keep a eye on my premium’s to money ratio.

@2is1gold

Жыл бұрын

🤜🤛

Good video!

@2is1gold

Жыл бұрын

Thanks!

⭐Having an exit strategy is just as important as a buying plan. Great topic and information.⭐ 👍

@2is1gold

Жыл бұрын

🤜🤛

Great vid. Even if you're a 'never gonna sell' guy it's a good idea to get familiar with the process.

@2is1gold

Жыл бұрын

Agreed!

Top notch explanation and details of your selling experience. I'm currently sorting through my own coins for resale and your video has lots of important info for me. Thanks.

@2is1gold

Жыл бұрын

That's great, Barbara. I think the anxiety would go up a bit if it was a larger sale, but it was an easy process. Good luck!

Thanks for sharing your experience. I think if you are going to sell online, it's probably good to sell in bulk like you did. But, it would make me nervous sending that much through the mail. Amazing return on the Royal Arms

@2is1gold

Жыл бұрын

I’d almost consider driving it to the location if it was a large amount. I remember seeing a video from someone sho did that. You might remember it. Can’t remember his name, though.

@audiophileman7047

Жыл бұрын

Why should you be nervous if your shipment is insured?

Thank you for this!

@2is1gold

Жыл бұрын

🤜🤛

This type of video is what sets you apart from the rest 😊 Informative & practical advice based on lived experience. Have sold once in 7 years and feel less daunted after watching this 😅 I appreciate your time 👍

@2is1gold

Жыл бұрын

Glad to hear that!

Great video brother thanks for the info

@2is1gold

Жыл бұрын

Thanks!

Like all your info! Are you able to talk about you opinions on buying and selling accessibility of pre 1933 gold?

@2is1gold

Жыл бұрын

I'm not sure I have enough experience there. The complexity comes from the coin quality. We'd all like to think that it's an objective thing, but local shops won't take your opinion on quality, they'll tell you what they think, and that affects what they'll give for them. There are more moving parts than standard bullion.

I too have begun narrowing the gold that I buy. I don’t ever want to sell my gold, but just in case I do, I want to act like selling online is not an option.

@2is1gold

Жыл бұрын

That’s how I’m approaching things. Anything I can do now to save issues later, I’m doing. Save for the occasional stray! 😄

Was there any reason you used fedex instead of the postal service? How does the insurance work. What kind of packaging or envelope did you use, how much tape did you wrap around it? Just kidding about that last question, but with my ocd for something that high stakes I don’t think I could make the package secure enough. By any chance did fedex know what they were insuring? Thanks for sharing the video.

Interesting and informative 👍 👌

@2is1gold

Жыл бұрын

🤜🤛

I really like this guy. Haven’t sold anything yet but it’s good to know that there are good avenues for doing so

@2is1gold

Жыл бұрын

🤜🤛

Recently, I did the same thing with my LCSs. In one case, I took a loss similar to what you mentioned at 8:30 (more actually). In another case, I broke even. However, it was important to test my exit strategy. It was worth the experience staring my dealer in the eye and knowing they were not going to budge from their offer.

@2is1gold

Жыл бұрын

It's so important to know how to sell. Cheers!

I'm certainly a small fish but when I recently started buying a few silver things I put some up for sale private party. Just like a few Britannia 's, ASE's, a 10 oz bar, generic rounds, 90%. I also got quotes and sold back a bit at dealers. It was work but very informative. It helps to identify the mistakes you haven't made yet and there are plenty of those for a newbie.

@2is1gold

Жыл бұрын

I agree completely. Any solid buying strategy includes an exit strategy. Cheers!

@edb3877

Жыл бұрын

@@2is1gold "Any solid buying strategy includes an exit strategy." This is one of the things that separates the astute investors from those who are not. Having an exit strategy is critical for ANY asset that one might purchase, whether it be stocks, bonds, real estate, classic cars, or PMs. The world is a lot more complex than buy, hold, and forget about it.

@shownowt

Жыл бұрын

my kids will have to work out the exit strategy....it will take 3 months of being homeless for me to even start thinking about selling. 😁

@BrownStain_Silver

Жыл бұрын

@@shownowt you are going to live homeless with a pile of precious metals next to your tent?

Made my first buffalo purchase today! Wouldn’t have pulled the trigger if it wasn’t for your guidance. Thank you ❤

@2is1gold

Жыл бұрын

Very nice! Such a great coin!

@thealize808

Жыл бұрын

Don't drop it down the drain!

Thank you!

@2is1gold

Жыл бұрын

🤜🤛

Great video as usual..didn't realize the gold backs were that cumbersome. Selling is the easy part for me it's the acquiring I struggle with 🤣🤣

@2is1gold

Жыл бұрын

I imagine Goldbacks do better in the states they're officially "out" in.

@masterofnone11

Жыл бұрын

@@2is1gold I don't own any but was interested in them.

Sure, blame it on the video reformatting... ;) j/k great vid as usual!

Thanks for the video man! Question.. you said you didn't have "reporting requirements" because you took a loss. Would you still have to file a 1099b form to document the loss or only if it's a gain?

@2is1gold

Жыл бұрын

A 1099-b would only come into play for specific things like 25 oz + or CMLs, Krugs or Mexican Onzas. There are similar triggers for bars and junk silver. A for 8300 would hit if I exceeded $10k. You're supposed to self report regardless, but I don't have anything to report (unless I want to report a slight loss). Cheers!

@poefosho5515

Жыл бұрын

@@2is1gold thanks for taking the time to reply back! Cheers and keep up the good content!

Do you have to pay taxes when selling gold? I inherited some Gold coins and im not sure if I have to pay taxes to the government as these coins where inherited. Any information would be greatly appreciated, thanks.

Haha! Thanks for doing that so I don't have to! Good info.

@2is1gold

Жыл бұрын

Happy to help! Well, half way happy. It stung a bit. 😄

Boring is best with gold. Learned my lesson with silver. Can’t allow it to happen with gold. Great video as always..

@2is1gold

Жыл бұрын

I'm with you. I think it's very important. Cheers!

Another great video man!

@2is1gold

Жыл бұрын

Thanks!

I really like your knife collection. All high end, quality stuff. I watch for the shiny coins but stay for the knives. Appreciate the knowledge. Thanks for sharing.

@2is1gold

Жыл бұрын

Good eye!

Can you give us any pointers for online sales such as Ebay. I know they charge a seller's premium along with PayPal. My guess is that you would list it as Buy It Now.

Great video. Still loving the channel. Looking for an update video from The Door Marked Private.

@2is1gold

Жыл бұрын

Yep, it's due.

Sold a bit to JM last year. They gave me well over what my LCS offered.

@2is1gold

Жыл бұрын

That's definitely what I found too. Cheers!

My local shop only buys American gold eagles (he paid spot in cash). I have some foreign gold so it's nice to know I can get above spot for my more collectible coins!

I've never sold gold online and I don't really have a reason to sell any. It's nice to know that selling to a major dealer is pretty easy and lucrative. Thank you!

@2is1gold

Жыл бұрын

Yeah, good to just know what the options are. 5.5% on top of spot for a coin my local shop didn't even want. Cheers!

I’ve been only buying AGE’s for a while now because of the ability to resell. I used to mix in Maple Leafs and a few foreign but it just doesn’t make sense to me anymore. I know the AGE’s may cost a little more but when it comes time to sell, there should be no issues. I am surprised how much lower you can get the Maple Leafs for nowadays. Seems like those have really dropped off. Not sure why, they are a beautiful 24k coin. Great video!

@2is1gold

Жыл бұрын

Agreed. CMLs are fantastic, and all of a sudden they're priced really well. I still like keeping it simple. Cheers!

Great video sir 👍 I always assumed that if anything was going to require selling though the online bullion dealers, it will be any Platinum I buy… Unless something completely changed I’m not sure we will be seeing Pt as popular again in this lifetime that LCS’s will be picking it up (atleast in quantity)

@2is1gold

Жыл бұрын

Yeah, I think you're correct on the platinum. I don't have a local option that would have given 5.5% ahead of spot for any 1 oz coin, though. This seems to be a great Plan B. Cheers!

Honestly I'm more scared selling silver, just in the last couple years silver went all over the place from $20 an oz to $40 and back and forth, and what if I need to sell but it's at a bad time.

@2is1gold

Жыл бұрын

It's a lot harder to move (sell) a significant amount of silver.

@go4it764

Жыл бұрын

That’s why I’m 80% gold 20% silver. Silver is so much easier. It’s much more affordable and I’ve found myself over buying on impulse where there are special deals. Don’t want to hop on the silver train too long

WOW...timely!! I JUST sold some of my gold & silver & You are SO right! I must say that when I called SD Bullion, they said they only buy 1 oz's which I thought strange. My local shop was 👍. I stacked to buy a lake house. Stacking dollars didn't work for me but I always said NO when I was tempted to use my coins for "stupid". Coins are a wonderful way to save. And I reached my goal fast too💰😎🥂

@2is1gold

Жыл бұрын

That's great! And, congrats on the lake home!

Nobody beats SD Bullion on price. Between JM and SD, I can usually find what I want in stock.

Absolutely my wife had no confidence till we sold for our house and we got way over spot and we walked out with a shoebox of 100s

@2is1gold

Жыл бұрын

Nice!

Mr. Jones, one correction, you are a SAVAGE!!! :) Lol Thank you for sharing and giving us a unique and rational viewpoint. The whole focus on an exit strategy while never wanting to, or working towards an exit is fantastic. Yeah, you could probably kick someone's butt in a street brawl, but you never want to and you do everything possible to not have to. You are a gentleman and a scholar. And still savage in the pragmatic approach to gold and life. :)

@2is1gold

Жыл бұрын

Ha! Thank you, and I appreciate it all. Luckily I have my wife to remind me about the downsides of the the street brawls on an ongoing basis. 😅

I think its good to know that these online dealers are willing to buy the odd ball collector pieces that a local coin shop may be hesitant to buy

@2is1gold

Жыл бұрын

Me too. I was surprised how much they paid for a relatively obscure coin. Cheers!

I can honestly say a part of me regrets selling my lmu’s back when spot was high, sure I made out ok, and yeah I bought eagles later on, thinking I’m smart. But in the end, I don’t have any lmu’s now. I’m torn, I could have kept them and still bought eagles😢

@2is1gold

Жыл бұрын

Yeah, seller's remorse is a real thing too. Cheers!

The knife next to the coins looks cool? Would you be kind enough to provide the make/model? Thx

@2is1gold

Жыл бұрын

It's a Rockstead HIGO-X-IW-ZDP in ironwood. 🤘

Interesting exercise, it does sound a lot easier to sell than I had imagined. Listening to you describe the process of selling to JMBullion brings up a question from me.... Do you think your being a previous customer made a difference in the price they offered you over someone like me who has never purchased from them?

@2is1gold

Жыл бұрын

Good question! I don't. I received my initial quote through an anonymous account at both JMBullion and APMEX.

When you shipped your gold, did you buy the insurance? I have heard that the insurance to be a bit pricey.

@2is1gold

Жыл бұрын

I kept it simple and went with their recommendation. The $33 Fedex option included insurance, and they shipped me the label.

As a side note, I had a purchase one time from JM that never made it to me. The claims process they have in place works when you follow it. It resulted in my being sent a replacement after an short investigation was conducted to determine that my claim was valid. Total time from confirmation of missing shipment to receiving my replacement was about 30 days. I've been a customer of theirs as well as others for several years.

@2is1gold

Жыл бұрын

Sucks when it happens, but it's always good when the seller knows what they're doing. Cheers!

Hello 👋👋 Excellent video 😊

@2is1gold

Жыл бұрын

Thanks!

Sold two ounces of gold to JMBullion which was about $50 more than what APMEX offered.

I sold some gold a few months ago to JM Bullion and was happy with the price. It was also very easy.

@2is1gold

Жыл бұрын

🤜🤛

Important video. Would be interested in your view about trust. You mentioned insurance but that is only if the coins are lost. What if JM says you only shipped 3 coins when you shipped 4? Also when you buy online, how do you know that your getting what you paid for. Perhaps a topic for another day. Keep up the great work. I look forward to your videos.

@2is1gold

Жыл бұрын

Thanks! (And, noted.)

Thanks for the real time Information. This video subject is just what I was contemplating doing as a test of wealth transfer to my SO if and when necessary. I recently sold some fractional gold to a LCS and was impressed at the ease of selling but had no Idea what the price at [ A] was with shipping and all fees involved. This makes me a lot more willing to buy High value coins versus the smart choice of Buffalo's or AGEs. Next test is to query the current values of the top line coins compared to what I paid. see what being an Elite Member really means.

@2is1gold

Жыл бұрын

Be sure to lead with "don't you know who I am?!" 😉

@num1cheechwizard

Жыл бұрын

@@2is1gold They Do. Cookies

Very interesting , but you know the Royal Arms was (at least in the UK) a much higher premium than a Britannia , but it's good to see that they would pay more for it than a Eagle or Buffalo ... Thanks for sharing ..

@2is1gold

Жыл бұрын

Yeah, and it should be. It's a fantastic coin. It was oddball in my stack, though. Cheers!

Your setup looks the best when it's sqeeky clean like that with no tiny white specs 👍

@2is1gold

Жыл бұрын

The white specks are my nemesis.

My stack is just to store value over a long period of time so have stuck with your earlier recommendation of eagles and buffalos. That said it’s hard to resist dabbling in some other coins just because they look awesome! Maybe if I win the lottery?

@2is1gold

Жыл бұрын

Ha! I understand the draw (obviously) but I'm always happiest with Buffalos and Eagles in the end. (Almost always.) Cheers!

@orphancharmander1168

Жыл бұрын

Please stack all kinds of Gold, i like the British soveigns, they are so cool, with the rider and dragon design 😁 I tho buy the European Gold most, tho has a couple of American & Russian Gold pieces in the stack 😄