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expiredchemman14 posted Dec 13, 2023 07:33 PM
expiredchemman14 posted Dec 13, 2023 07:33 PM

1 Troy Ounce Gold Bar PAMP Suisse Lady Fortuna Veriscan (New In Assay)

(Costco Members) + Free Shipping

$2,030

Costco Wholesale
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Deal Details
Costco Wholesale has for its Members: 1 Troy Ounce Gold Bar PAMP Suisse Lady Fortuna Veriscan (New In Assay) for $2029.99. Shipping is free.

Thanks community member chemman14 for sharing this deal

Note, you must be an active Costco Member signed into your account to view sale price and purchase. Limit of 2 per membership. Item is non-refundable. Item is not eligible for price adjustments.

About this Product:
  • 1 Troy Ounce 999.9 fine gold minted bar with a proof-like finish 
  • Swiss-made by a LBMA Good Delivery Refiner
  • VERISCAN Bullion Identification Security System & iPhone App 
  • Carbon Neutral certified by the Carbon Trust in accordance with the international PAS 2060 Carbon Neutrality Standard, identified by a 'footprint' label
  • Each bar is individually controlled, registered, and secured within protective CertiPAMP packaging with an official Assay Certificate and a digital certificate accessed with a QR Code. Each assay card is covered with a thin removable protective film
Veriscan Technology:
  • PAMP Suisse's exclusive Veriscan technology uses the metal's microscopic topography, like a fingerprint, to identify any registered product, aiding in the detection of counterfeits. Each bar is scanned upon production and when scanned by the customer, is further verified by the Veriscan database. Veriscan is available as a creative and convenient mobile app, or as a PC software system for use with a traditional document scanner and the PAMP bullion-positioning frame.

Editor's Notes

Written by SubZero5 | Staff

Original Post

Written by chemman14
Community Notes
About the Poster
Deal Details
Community Notes
About the Poster
Costco Wholesale has for its Members: 1 Troy Ounce Gold Bar PAMP Suisse Lady Fortuna Veriscan (New In Assay) for $2029.99. Shipping is free.

Thanks community member chemman14 for sharing this deal

Note, you must be an active Costco Member signed into your account to view sale price and purchase. Limit of 2 per membership. Item is non-refundable. Item is not eligible for price adjustments.

About this Product:
  • 1 Troy Ounce 999.9 fine gold minted bar with a proof-like finish 
  • Swiss-made by a LBMA Good Delivery Refiner
  • VERISCAN Bullion Identification Security System & iPhone App 
  • Carbon Neutral certified by the Carbon Trust in accordance with the international PAS 2060 Carbon Neutrality Standard, identified by a 'footprint' label
  • Each bar is individually controlled, registered, and secured within protective CertiPAMP packaging with an official Assay Certificate and a digital certificate accessed with a QR Code. Each assay card is covered with a thin removable protective film
Veriscan Technology:
  • PAMP Suisse's exclusive Veriscan technology uses the metal's microscopic topography, like a fingerprint, to identify any registered product, aiding in the detection of counterfeits. Each bar is scanned upon production and when scanned by the customer, is further verified by the Veriscan database. Veriscan is available as a creative and convenient mobile app, or as a PC software system for use with a traditional document scanner and the PAMP bullion-positioning frame.

Editor's Notes

Written by SubZero5 | Staff

Original Post

Written by chemman14

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Top Comments

Dr. J
39319 Posts
5538 Reputation
Check your state.

https://noblegoldinvestments.com/...nd-silver/

Alabama: No sales tax on bullion
Alaska: No sales tax at a state level
Arizona: No sales tax on bullion
Arkansas: 6.5% on all precious metal sales
California: 7.5% on transactions below $1,500
Colorado: No sales tax on most precious metals
Connecticut: 6% on purchase values below $1,000
Delaware: No sales tax
Florida: 6% on values below $500, with an exemption for legal tender
Georgia: No sales tax
Hawaii: 4% general excise tax paid by the seller, often added to the purchase price
Idaho: No sales tax
Illinois: 6.25% on South African Krugerrands only, all other bullion is exempt
Indiana: No tax on high-purity bullion, 7% on other types of precious metal
Iowa: No sales tax
Kansas: No sales tax
Kentucky: 6% on all orders
Louisiana: No tax on precious metals
Maine: 5% flat rate
Maryland: 6% on order values below $1,000
Massachusetts: 6.25% on transactions below $1,000
Michigan: No sales tax on high-purity bullion
Minnesota: 6.88%
Mississippi: 7%
Missouri: No sales tax on high-purity bullion
Montana: No sales tax
Nebraska: No sales tax
Nevada: 6.85% with some exemptions
New Hampshire: No sales tax
New Jersey: 7%
New Mexico: 5% paid by the seller
New York: 4% on transactions below $1,000
North Carolina: No sales tax
North Dakota: 5%, but with high-purity bullion exempt
Ohio: Basic sales tax of 5.75% applies to silver and gold bezels, high-purity bullion is exempt
Oklahoma: No sales tax on precious metals
Oregon: No sales tax on any precious metals purchase
Pennsylvania: 6% on silver and gold coins which are not legal tender, bullion is exempt
Rhode Island: 7% tax applies only to bullion that's not been refined or smelted
South Carolina: Most precious metals are exempt, but some coins and processed items attract 6%
South Dakota: No sales tax on investment-grade bullion or legal tender
Tennessee: No sales tax on gold or silver bullion
Texas: No sales tax on gold or silver bullion
Utah: A 4.75% tax applies to bullion with purity below 50%
Vermont: 6% on all precious metal transactions
Virginia: 5.3% levied on all precious metals with no exemptions
Washington: No tax on any non-collectible precious metals
West Virginia: Investment-grade bullion and coins are tax-exempt
Wisconsin: A 5% tax on all precious metal purchases
Wyoming: A basic 4% rate on all precious metal purchases

95 Comments

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Original Poster
Dec 13, 2023 08:23 PM
1,502 Posts
Joined Dec 2018
chemman14
Original Poster
Dec 13, 2023 08:23 PM
1,502 Posts
Quote from Dr. J :
Check your state.

https://noblegoldinvestments.com/...nd-silver/

Alabama: No sales tax on bullion
Alaska: No sales tax at a state level
Arizona: No sales tax on bullion
Arkansas: 6.5% on all precious metal sales
California: 7.5% on transactions below $1,500
Colorado: No sales tax on most precious metals
Connecticut: 6% on purchase values below $1,000
Delaware: No sales tax
Florida: 6% on values below $500, with an exemption for legal tender
Georgia: No sales tax
Hawaii: 4% general excise tax paid by the seller, often added to the purchase price
Idaho: No sales tax
Illinois: 6.25% on South African Krugerrands only, all other bullion is exempt
Indiana: No tax on high-purity bullion, 7% on other types of precious metal
Iowa: No sales tax
Kansas: No sales tax
Kentucky: 6% on all orders
Louisiana: No tax on precious metals
Maine: 5% flat rate
Maryland: 6% on order values below $1,000
Massachusetts: 6.25% on transactions below $1,000
Michigan: No sales tax on high-purity bullion
Minnesota: 6.88%
Mississippi: 7%
Missouri: No sales tax on high-purity bullion
Montana: No sales tax
Nebraska: No sales tax
Nevada: 6.85% with some exemptions
New Hampshire: No sales tax
New Jersey: 7%
New Mexico: 5% paid by the seller
New York: 4% on transactions below $1,000
North Carolina: No sales tax
North Dakota: 5%, but with high-purity bullion exempt
Ohio: Basic sales tax of 5.75% applies to silver and gold bezels, high-purity bullion is exempt
Oklahoma: No sales tax on precious metals
Oregon: No sales tax on any precious metals purchase
Pennsylvania: 6% on silver and gold coins which are not legal tender, bullion is exempt
Rhode Island: 7% tax applies only to bullion that's not been refined or smelted
South Carolina: Most precious metals are exempt, but some coins and processed items attract 6%
South Dakota: No sales tax on investment-grade bullion or legal tender
Tennessee: No sales tax on gold or silver bullion
Texas: No sales tax on gold or silver bullion
Utah: A 4.75% tax applies to bullion with purity below 50%
Vermont: 6% on all precious metal transactions
Virginia: 5.3% levied on all precious metals with no exemptions
Washington: No tax on any non-collectible precious metals
West Virginia: Investment-grade bullion and coins are tax-exempt
Wisconsin: A 5% tax on all precious metal purchases
Wyoming: A basic 4% rate on all precious metal purchases
Not accurate for ca so suspicious of the rest of the states.
1
4
Pro
Dec 13, 2023 08:23 PM
39,319 Posts
Joined Nov 2005
Dr. J
Pro
Dec 13, 2023 08:23 PM
39,319 Posts
Quote from chemman14 :
$1000 actually.

Whoops youre right why the hell did I type $2000
1
Dec 13, 2023 08:24 PM
735 Posts
Joined Nov 2023
CoolAlpaca551Dec 13, 2023 08:24 PM
735 Posts
Edit: question answered above
Last edited by CoolAlpaca551 December 13, 2023 at 01:27 PM.
Original Poster
Dec 13, 2023 08:24 PM
1,502 Posts
Joined Dec 2018
chemman14
Original Poster
Dec 13, 2023 08:24 PM
1,502 Posts
Quote from CoolAlpaca551 :
Is there sales tax on gold bars like these? My local sales tax is 8% on regular items. If there is sales tax, I don't see how any credit card rewards can make up for the 8%.
Maybe.
2
2
Dec 13, 2023 08:25 PM
1,642 Posts
Joined Jan 2013
Curb71Dec 13, 2023 08:25 PM
1,642 Posts
Quote from Dr. J :
Check your state.

https://noblegoldinvestments.com/...nd-silver/

Alabama: No sales tax on bullion
Alaska: No sales tax at a state level
Arizona: No sales tax on bullion
Arkansas: 6.5% on all precious metal sales
California: 7.5% on transactions below $1,500
Colorado: No sales tax on most precious metals
Connecticut: 6% on purchase values below $1,000
Delaware: No sales tax
Florida: 6% on values below $500, with an exemption for legal tender
Georgia: No sales tax
Hawaii: 4% general excise tax paid by the seller, often added to the purchase price
Idaho: No sales tax
Illinois: 6.25% on South African Krugerrands only, all other bullion is exempt
Indiana: No tax on high-purity bullion, 7% on other types of precious metal
Iowa: No sales tax
Kansas: No sales tax
Kentucky: 6% on all orders
Louisiana: No tax on precious metals
Maine: 5% flat rate
Maryland: 6% on order values below $1,000
Massachusetts: 6.25% on transactions below $1,000
Michigan: No sales tax on high-purity bullion
Minnesota: 6.88%
Mississippi: 7%
Missouri: No sales tax on high-purity bullion
Montana: No sales tax
Nebraska: No sales tax
Nevada: 6.85% with some exemptions
New Hampshire: No sales tax
New Jersey: 7%
New Mexico: 5% paid by the seller
New York: 4% on transactions below $1,000
North Carolina: No sales tax
North Dakota: 5%, but with high-purity bullion exempt
Ohio: Basic sales tax of 5.75% applies to silver and gold bezels, high-purity bullion is exempt
Oklahoma: No sales tax on precious metals
Oregon: No sales tax on any precious metals purchase
Pennsylvania: 6% on silver and gold coins which are not legal tender, bullion is exempt
Rhode Island: 7% tax applies only to bullion that's not been refined or smelted
South Carolina: Most precious metals are exempt, but some coins and processed items attract 6%
South Dakota: No sales tax on investment-grade bullion or legal tender
Tennessee: No sales tax on gold or silver bullion
Texas: No sales tax on gold or silver bullion
Utah: A 4.75% tax applies to bullion with purity below 50%
Vermont: 6% on all precious metal transactions
Virginia: 5.3% levied on all precious metals with no exemptions
Washington: No tax on any non-collectible precious metals
West Virginia: Investment-grade bullion and coins are tax-exempt
Wisconsin: A 5% tax on all precious metal purchases
Wyoming: A basic 4% rate on all precious metal purchases
Old source I guess? California is 2000 now as of a year ago
Pro
Dec 13, 2023 08:25 PM
39,319 Posts
Joined Nov 2005
Dr. J
Pro
Dec 13, 2023 08:25 PM
39,319 Posts
Quote from chemman14 :
Not accurate for ca so suspicious of the rest of the states.
Another site

There are tax laws for all of California, as well as for individual cities and counties. State-wide, there is an exemption on all precious metal purchases above $1,500, which means that investors seeking to buy more than an ounce (in 2015 prices) will not need to pay any kind of tax. If the purchase is less than this amount, the sales tax does apply, but this differs from region to region. The state tax is 7.5% (which can be altered by local authorities) on bullion coins and bullion bars, and also on rare coins. Basically anything that falls under the umbrella of a precious metal is subject to this altered regional tax.

It is also worth noting that there is a tax on paper money, which means that collectors seeking to buy rare paper dollars or other paper cash should expect to pay an additional tax.

The following regions in California all have a tax rate different from the 7.5% set by the state:

City of Los Angeles — 9.5%
Los Angeles County — 9.5%
San Diego — 7.75%
San Jose — 9.38%
1
Original Poster
Dec 13, 2023 08:26 PM
1,502 Posts
Joined Dec 2018
chemman14
Original Poster
Dec 13, 2023 08:26 PM
1,502 Posts
Quote from Dr. J :
Another site

There are tax laws for all of California, as well as for individual cities and counties. State-wide, there is an exemption on all precious metal purchases above $1,500, which means that investors seeking to buy more than an ounce (in 2015 prices) will not need to pay any kind of tax. If the purchase is less than this amount, the sales tax does apply, but this differs from region to region. The state tax is 7.5% (which can be altered by local authorities) on bullion coins and bullion bars, and also on rare coins. Basically anything that falls under the umbrella of a precious metal is subject to this altered regional tax.

It is also worth noting that there is a tax on paper money, which means that collectors seeking to buy rare paper dollars or other paper cash should expect to pay an additional tax.

The following regions in California all have a tax rate different from the 7.5% set by the state:

City of Los Angeles — 9.5%
Los Angeles County — 9.5%
San Diego — 7.75%
San Jose — 9.38%
Not accurate information.
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Dec 13, 2023 08:27 PM
293 Posts
Joined Mar 2016
Poison123Dec 13, 2023 08:27 PM
293 Posts
Quote from CoolAlpaca551 :
Edit: question answered above
Yes seems to be. Showing 6% tax in DC which kills this basically.
Dec 13, 2023 08:27 PM
3,206 Posts
Joined Feb 2004
mnsweepsDec 13, 2023 08:27 PM
3,206 Posts
no tax for me in LA county (CA)
Original Poster
Dec 13, 2023 08:28 PM
1,502 Posts
Joined Dec 2018
chemman14
Original Poster
Dec 13, 2023 08:28 PM
1,502 Posts
Quote from akshat1989 :
Yes seems to be. Showing 6% tax in DC which kills this basically.
How so? You will have to pay tax regardless of where you buy it (unless from private seller) and this is the cheapest you'll find.
1
Pro
Dec 13, 2023 08:28 PM
39,319 Posts
Joined Nov 2005
Dr. J
Pro
Dec 13, 2023 08:28 PM
39,319 Posts
Quote from Curb71 :
Old source I guess? California is 2000 now as of a year ago
https://learn.apmex.com/buying-gu...les-taxes/
https://www.cdtfa.ca.gov/lawguide.../1599.html

Taxes must be collected on (1) nonmonetized bullion made from platinum, palladium or copper; (2) monetized bullion, nonmonetized gold or silver bullion, or numismatic coins if the total amount of a single sales transaction is less than $2,000; (3) accessory items; and (4) processed items. All other products sold by APMEX are exempt from these taxes.

Checking definitions, I don't think this would be "monetized", which would be more like government rounds with a face value.

For what it's worth, checking this same product @ APMEX yields no tax for a random address in Anaheim.
Last edited by Dr. J December 13, 2023 at 01:34 PM.
1
Dec 13, 2023 08:28 PM
30 Posts
Joined Nov 2020
FaithfulRoom319Dec 13, 2023 08:28 PM
30 Posts
Quote from kromix :
So do these gold purchases qualify for the 2% executive member annual reward? And if so it's a no brainer to upgrade if ur gonna buy these pretty often right ?
Yes. I am working on my second executive membership now.
2
Original Poster
Dec 13, 2023 08:30 PM
1,502 Posts
Joined Dec 2018
chemman14
Original Poster
Dec 13, 2023 08:30 PM
1,502 Posts
Quote from Dr. J :
https://learn.apmex.com/buying-gu...les-taxes/
https://www.cdtfa.ca.gov/lawguide.../1599.html

Taxes must be collected on (1) nonmonetized bullion made from platinum, palladium or copper; (2) monetized bullion, nonmonetized gold or silver bullion, or numismatic coins if the total amount of a single sales transaction is less than $2,000; (3) accessory items; and (4) processed items. All other products sold by APMEX are exempt from these taxes.



Checking definitions, I don't think this would be "monetized"
It is, when these were going for under $2000 you had to buy two to avoid sales tax in ca
1
Dec 13, 2023 08:31 PM
31 Posts
Joined Aug 2017
the_dead_duckDec 13, 2023 08:31 PM
31 Posts
Quote from Dr. J :
Some people buy to more or less hold, but it seems a common tactic on SD is to buy and flip immediately. Basically you're scraping CC and executive cash back if you can sell for whatever you paid for them. the major issue being that spot varies so much you could find yourself losing money on top of your CC benefits.
Thanks. But where do you flip these things?
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Dec 13, 2023 08:31 PM
735 Posts
Joined Nov 2023
CoolAlpaca551Dec 13, 2023 08:31 PM
735 Posts
How do you all find buyers for these (assuming you don't keep them yourselves)? Do you just walk into a gold shop and ask if they want to buy? I went to the Diamond District in NYC to ask around but everybody was offering prices way lower than what it costs to buy from Costco. Are they intentionally low-balling me and I'm supposed to negotiate? Or is it just how selling gold is?
1

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