Gainesville Coins now offers precious metals investors with an industry leading storage option: Gainesville Coins storage. Gainesville Coins storage provides precious metals investors with full segregation of assets, comprehensive insurance, ease of access, instant liquidity, and low cost.
Full segregation of assets
Unlike most other vaults and depositories, Gainesville Coins storage fully segregates storage account assets. Investors that store with Gainesville Coins storage can rest assured that the assets stored will be exactly what they receive upon delivery.
Gold and silver stored with Gainesville Coins storage is fully insured for their replacement value. Currently many investors in physical gold and silver choose home storage or a safety deposit box at their local bank. Neither of these options provide the level of insurance coverage that is standard with Gainesville Coins storage.
With just a phone call, you can liquidate or add to your gold and silver holdings held in Gainesville Coins storage. Cash raised by selling precious metals can be held on account, mailed via a business check or wired to an account. The ease with which your assets can be sold and the flexibility this provides precious metals investors cannot be matched by most other vaults and depositories.
|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%|
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.
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.
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.
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.
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.
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).
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.
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.
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.
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.
No. For insurance reasons, you will be not allowed in the vault facility.
No. However, once you have signed the storage agreement, you can request an insurance ceritificate.
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.
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.
Yes. Gainesville Coins Storage quarterly fees are subject to a 7% sales tax. This will be reflected on your bill.
Gainesville Coins, LLC
17860 N. US Hwy 41
Lutz, FL 33549
Monday - Friday
9:00AM - 6:00PM EST
Saturday & Sunday Closed
Phone: (813) 482-9300
Monday - Friday 10:00AM - 5:00PM EST
Saturday & Sunday Closed