Secure Storage

Safe, Private, Secure Storage Solution Secure Storage for your Precious Metals

Getting Started

When you're investing in precious metals, one of the primary concerns is how to safely store them. Gainesville Coins provides storage solutions for our customers, making it easy for you to keep your precious metals safe, take delivery of them when you want, or even liquidate them. You will not find this range of options with most vaults or depositories.

Gainesville Coins storage uses fully segregated storage, meaning that different clients' assets are not pooled together. When you store your metals in our vault, those are the exact items you receive when you take delivery of your metals.

Your stored assets are fully liquid in the event that you would rather sell them to us than take delivery when the time comes. These funds can be mailed to you as a business check, sent to you via wire transfer, or held in an account toward future purchases. Everything stored in our vault is also backed by comprehensive insurance for the full replacement value of the items.

Get Help With Storage
Have questions about storing your precious metals?
Speak to our Secure Storage specialists.
Fill out this documents
to start your Secure Storage:
Secure Storage Solution agreement Storage Deposit Form Packing Slip
storage calculations storage calculations

Gold, Silver and Precious Metal Storage Rates

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 quarterly. Your quarterly storage charge will be determined by multiplying the Average Market Value of all the Assets held in Your Account during the appropriate quarter by the applicable storage charge, and the result is then divided by 4 to yield the quarterly Secure Storage Charge.

The Average Market Value of the Assets held in your Account during a billing period (whether for a quarter or less than a quarter) 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 $15.00 will be charged for every month, or any portion thereof, in which Assets of any value are held in Your account. The minimum quarterly storage charge is therefore $45.00 per quarter.

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 as long as it has been purchased from Gainesville Coins and remains sealed. 90% silver not purchased from Gainesville Coins, or which was purchased from Gainesville Coins but is no longer sealed is not permitted in Gainesville Coins Storage.
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 be able to request a certificate of insurance.
How can I take possession of assets held at Gainesville Coins Storage?
Upon written notification, Gainesville Coins will ship your precious metal assets stored to an address on file. You will be responsible for shipping and handling charges based on Gainesville Coins’ shipping calculator. A $25.00 shipment handling/processing fee will apply for each invoice in storage.
Alternatively, you can pick-up your precious metals held in storage at our showroom after Gainesville Coins receives a signed withdrawal form and after all fees are paid in full, typically 48 hours to be posted to the Gainesville Coins account. There will be no shipping charge for clients taking posession at the showroom. The $25.00 shipment handling/processing fee will apply.
Can I sell the precious metals in Gainesville Coins Storage to Gainesville Coins?
Yes. You can sell items held in Gainesville Coins Storage to Gainesville Coins. When you wish to sell, just call a Gainesville Coins trader at (813) 482-9300 and say you wish to sell 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.
The value of the precious metals mailed or brought in for storage MUST total at least $2,000.00 to be stored in Gainesville Coins Storage. If precious metal worth less than $2,000.00 worth is mailed in for storage, it will be mailed back to the sender at their expense.
I have questions about Gainesville Coins Storage. Who should I call?
Call 813-482-9300, ext 335 to speak with Erica 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 $180 per annum for assets under $27,700. For assets over $27,700, 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 quarterly cost for gold and silver valued at around $60,000 would cost about $103.08 per quarter.
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. Any precious metals transferred to Gainesville Coins must have a market value at the time of transfer of at least $2,000.00
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?
No. However, once you have signed the storage agreement, you can request an insurance ceritificate.
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?
At the end of each quarter, Gainesville Coins Storage account holders will be sent a bill for the previous quarter’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 quarterly 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 quarterly fees are subject to a 7% sales tax. This will be reflected on your bill.

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