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Fee Schedule

Annual Charges

Market Value of Assets Fee for gold Fee for silver
$-0- to $99,999 0.65% 0.65%
$100,000 to $499,999 0.58% 0.60%
$500,000 to $999,999 0.50% 0.52%
$1,000,000 to $2,999,999 0.48% 0.50%
$3,000,000 to $4,999,999 0.45% 0.45%
$5,000,000 and over 0.42% 0.42%

Storage Charge Calculation

The rates listed are annual charges; however, storage fees will be billed monthly. Your monthly storage charge will be determined by multiplying the Average Market Value of all the Assets held in Your Account during the appropriate month by the applicable storage charge, and the result is then divided by 12 to yield the monthly Storage Charge.

The Average Market Value of the Assets held in your Account during a billing period (whether for a month or less than a month) shall be equal to the total daily value of all precious metal bullion (determined by multiplying by the number of ounces of each metal type by the daily AM London spot price for that metal each day), and dividing that sum by the number of days in the billing period. Asset value for weekends and holidays will be the value calculated for the preceding business day.

A minimum storage charge of $5.00 will be charged for every month, or any portion thereof, in which Assets of any value are held in Your account.

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Frequently Asked Questions

What types of precious metals can be stored with Gainesville Coins Storage?

Gainesville Coins Storage can be used for only bullion coins and bullion bars, not for graded coins, certified coins, collectible coins, or rare coins. In other words, coins that are valued on their numismatic value are not permitted for storage with Gainesville Coins Storage. 90% silver, also known as “junk silver” is also permitted.

When I place an order with Gainesville Coins, can part of my order be shipped, and part of my order stored?

Yes. However, you will have to do the transaction with one of our traders over the phone. You won’t be able to do the order through the website if you want part of the order shipped, and the rest stored at Gainesville Coins Storage. Obviously, if you do not have an active storage account with Gainesville Coins Storage, you will need to fill out and sign the Storage Agreement before we can store any precious metals purchased.

Will my precious metals holdings ever be co-mingled, or pooled, with other customer assets?

No. Gainesville Coins Storage is fully segregated. The assets delivered for storage, or purchased for storage at Gainesville Coins will never be pooled or co-mingled with other customer assets. When you elect to take possession of your precious metals held at Gainesville Coins Storage, you will receive exactly what was sent to Gainesville Coins Storage, or purchased for Storage at Gainesville Coins.

How safe is Gainesville Coins Storage?

Gainesville Coins Storage uses a UL rated vault facility. In addition, client precious metal assets are covered by a comprehensive insurance policy that fully protect against physical loss, damage, and theft. Clients of Gainesville Coins Storage will have access to the insurance policy.

How can I take possession of assets held at Gainesville Coins Storage?

Upon written notification, Gainesville Coins will ship all or some of your precious metal assets stored to an address of your choosing. You will be responsible for shipping and handling charges based on Gainesville Coins’ shipping calculator.

Alternatively, you can choose to pick-up your precious metals at our showroom during normal business hours with just one-hour prior written notification. There will be no charge for clients taking possession at the showroom.

Can I sell the precious metals in Gainesville Coins Storage to Gainesville Coins?

Yes. You can sell any or all of the items held in Gainesville Coins Storage to Gainesville Coins. When you wish to sell any of the items held in storage, just call a Gainesville Coins trader at (813) 482-9300 and say you wish to sell some or all your gold and silver held in storage. Based on the prevailing spot price, and any applicable premium or discount, you will be able to lock in at that price. Cash from any transaction can be held on account, mailed via business check, or wired to a designated account (clients that wish to wire will incur a $25 bankwire fee).

How do I start storing my precious metals with Gainesville Coins Storage?

Storing your precious metals is simple. Just send us your precious metals (please use our Packing Slip) and fill out our Storage Agreement. When your package arrives, Gainesville Coins will inventory the contents, and confirm the contents with you via e-mail. Once the items to be stored have been confirmed, and a signed copy of the Storage Agreement received, you will receive a storage account number.

I have questions about Gainesville Coins Storage. Who should I call?

Call 813-482-9300, ext 337 to speak with a representative about Gainesville Coins Storage. You can also use our live chat option to ask questions.

How much does Gainesville Coins Storage cost?

Gainesville Coins Storage has a minimum cost of $60 per annum for assets under $9,200. For assets over $9,200, costs will range from 65 basis points to 42 basis points per annum based on the market value of assets held. A fee schedule, and an example of costs is provided in the storage section on our website. In the example provided, the monthly cost for gold and silver valued at around $60,000 would cost about $35.00 per month.

Can I transfer precious metals held at a separate vault or depository to Gainesville Coins Storage?

Yes. If you are a Gainesville Coins Storage account holder, you would only need to direct the vault or depository to ship the precious metal to Gainesville Coins Storage facility. Mail your coins and bullion to: GCI 17860 N. US Hwy 41 Lutz, FL. 33549.

If you aren’t a Gainesville Coins Storage account holder, you would need to fill our Storage Agreement within 2 business days of receipt of your precious metals from the other vault or depository.

Can I inspect Gainesville Coins’ vault facilities?

No. For insurance reasons, you will be not allowed in the vault facility.

Can I inspect the Insurance Policy for Gainesville Coins Storage?

Yes. Once you have signed the storage agreement, you can review the insurance policy.

I have a self directed IRA, can I use Gainesville Coins Storage as my vault/depository?

Yes, you can use Gainesville Coins Storage for any precious metals in a self-directed IRA if Entrust is your Custodian. At this time, Entrust is the only IRA custodian that permits you to select which vault or depository your precious metals can be stored with. The fee schedule for IRA storage is different from non-IRA storage accounts. If you choose to use Gainesville Coins Storage for a self directed IRA you will need to sign the IRA Gainesville Coins Storage Agreement.

How will I be billed?

On the first of every month, Gainesville Coins Storage account holders will be sent a bill for the previous month’s storage. You can elect to pay by either credit card or check.

You will also have the option of leaving funds on account with Gainesville Coins Storage, and have the monthly cost drawn on these funds. You will be required to fill out and sign the Prepay Agreement.

Are there any taxes associated with Gainesville Coins Storage?

Yes. Gainesville Coins Storage is required to charge a 7% sales tax. This will be reflected on your bill.