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.
Speak to our Secure Storage specialists.
to start your Secure Storage:
Gold, Silver and Precious Metal Storage Rates
|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
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.
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.
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.
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.