Florida Coin Shop Owner Drops Inside Knowledge | 90% (Junk) & 1oz Silver Rounds Spot + $1!

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Florida Coin Shop Owner Drops Inside Knowledge | 90% (Junk) & 1oz Silver Rounds Spot + $1! #Trending
Serving central Florida for over 8 years, Vermillion Enterprises is Spring Hill, Florida's premier coin shop and gold dealer. Always buying and always selling coins and precious metals like silver, gold, platinum, palladium, and rhodium.
Give Vermillion Enterprises a call at:
(352) 585-9772
Visit our Spring Hill coin shop, located at:
5324 Spring Hill Drive
Spring Hill, Florida 34606
Monday - Friday: 9AM - 4PM EST
Saturday: 9AM - 2PM EST
Sunday: Closed
To learn more about Vermillion Enterprises visit our website at:
vermillion-enterprises.com/
Shop our new online coin shop at:
springhillcoinshop.com/
Must Know Formulas For Silver & Gold Stackers:
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Payment Via Cash, Check, Wire, Zelle.
#JunkSilver #Gold #Silver #Cash #VermillionEnterprises #Vermillion #SpringHill #Florida #AmericanGoldEagle #SilverEagle #SilverBar #SilverOunce #Kitco #Apmex #Coin #MorganSilverDollar #SilverDollar #PeaceSilverDollar #Krugerrand #MapleLeaf #Cashforgold #JMBullion #SilverTowne #Engelhard #Platinum #Palladium #Rhodium #NGC #PCGS #ICG #ANACS #Currency #investinyourself #silverstacking #silverstack #goldstacking #coinshop #coincollecting #numismatist #numismatic #investing #investor #ideas #knowledge #recession #inflation #smartmoney

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Опубликовано:

31 мар 2024

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Комментарии : 127

@vermillionenterprises 3 месяца назад

Let's get the week started!

@midgetmack5344 3 месяца назад

Any BIN videos coming up? Wants to have my dry powder ready to catch a good deal.

@vermillionenterprises 3 месяца назад

@@midgetmack5344 will try to get one going next week if things calm down here in the shop

@gfggsbbq6517 3 месяца назад

My Local Coin Shops are way over priced. They do not even want to match online pricing which has to pay for shipping. I would definitely shop at your store if I lived nearby.

@holdfastjoe8841 3 месяца назад

Local haha ! I tried every shop up to 4 hours drive time, 8 round trip. Their spread is on avg $6 on silver and several % worse than vermillion on Gold. Heck I was offered $4 an ounce BELOW spot to sell my 90%. No where close to Vermillion. The buy side is much worse. Most coin dealers are expensive if your buying and cheap if your selling. I am trying neighboring states looking for the closest LCS that's anywhere close to Vermillion on pricing.. So far striking out It's depressing, makes me want to sell everything and get out of this investment/hobby if there's only 1 dealer in the country whose honest and not looking to make a fortune off of every single deal

@Wes_Stacks. 3 месяца назад

I'm fortunate to have a great local shop.

@INTERNETVID 3 месяца назад

Vermillion is my LCS. I define 'local' as anything within 1200 miles.

@sarahpark5692 3 месяца назад

😂😂😂

@vermillionenterprises 3 месяца назад

thank you for the business...we greatly appreciate it

@SilverWolverine95 3 месяца назад

Thank you sir for your honesty about the Bullion market Gold & Silver. I hope to visit your shop in the near future.

@vermillionenterprises 3 месяца назад

Thank you for watching.

@drainbramagebrandon1047 3 месяца назад

You guys have been my LCS for a couple years now so I don't have any complaints!

@vermillionenterprises 3 месяца назад

Thank you for the business, we greatly appreciate it

@Two-brothers-stacking 3 месяца назад

Always support your brick and mortar. As they provide you with convenient services when you need them. And in my experience better deals as well.

@vermillionenterprises 3 месяца назад

agreed...thank you for watching

@patchrat1 3 месяца назад

I’m hooked on LCS found a couple close by much better than the online ones

@MWT5428 3 месяца назад

Missed you there. Greg haven’t been making a video for a while. It must be real busy which I’m glad to hear but hey man, proud of the way you work you’re an honest man I wish I get down to Florida. I wish I had shop like yours where I live. Might have to give in and just do some business over the phone. Glory to GOD!

@dannpd1955 3 месяца назад

Amen on your Glory to God statement.

@vermillionenterprises 3 месяца назад

Thank you for watching, we appreciate it

@LocalCoinReview 3 месяца назад

We love the inside knowledge😊

@vermillionenterprises 3 месяца назад

Thank you for watching

@LJF722 3 месяца назад

Glad to hear from you.

@vermillionenterprises 3 месяца назад

Thank you for watching.

@tomtwo8714 3 месяца назад

When I was young. I emptied my aquariums and brought all my fish to sell to the Tropical Fish Store at closing time. Saying he wasn’t happy would be an understatement.

@Marriage1stGod 3 месяца назад

Always love to 👀 the shiny. Welcome back!!

@vermillionenterprises 3 месяца назад

Thank you for watching.

@HialeahRefugee 3 месяца назад

Can you move 4 hours south?? Your buy back prices are the best...

@travisc2036 3 месяца назад

Glad you’re back this week! Missed you guys.

@vermillionenterprises 3 месяца назад

Thank you for watching.

@JFEnterprize 3 месяца назад

Are these loose bars your melting or sending to refinery? Not assay’d and or TEP stuff right?

@fleateasley9418 3 месяца назад

From what they’ve said previously, I think it’s all the scruffies and pretty much all foreign gold. Like Krugs, britannias, ducats, etc

@vermillionenterprises 3 месяца назад

absolutely everything at this point that is not a US Gold Coin is going to the refinery....including assayed and TEP material...but before we purchase any TEP material we remove it and verify it, way to many really good fakes floating around at this point to not completely verify

@Two-brothers-stacking 3 месяца назад

HI guys. Great deals as always.

@vermillionenterprises 3 месяца назад

Thank you for watching.

@cutlerynovice9305 3 месяца назад

Vermillion is one of the best shops in Florida if not the country ! They treat you right and no bs to worry about. I still owe them some Starbucks cards because they have always treated me with respect and knowledge . Next time I’m up there I promise to bring some Java cards or I can mail a couple to the shop. Take care, James from Tampa.

@vermillionenterprises 3 месяца назад

Thank you, we greatly appreciate it.

@72cmcinc 3 месяца назад

Good to see ya guys! Hope ya'll had a great Easter! Buckle up for another week!

@vermillionenterprises 3 месяца назад

Thank you for watching.

@user-jr8rk6dj5y 3 месяца назад

I think your shop is wonderful the few times iv come there had great time always a pleasure

@papabear746 3 месяца назад

Use an LCS always. Brian is an honest businessman. I've been use vermillion for years now.

@vermillionenterprises 3 месяца назад

We greatly appreciate the business...thank you

@Backfence711 3 месяца назад

Please take a field trip to the refinery. Love to see that.

@vermillionenterprises 3 месяца назад

unfortunately no time for that, but great idea

@IMDunn-oy9cd 3 месяца назад

I can't speak for other's interactions with their LCS. I use SD bullion on occasion if they have a sale, but 90% of my purchases are made with Vermillion. They are almost always cheaper than the big online guys, even after you factor in shipping. I have yet to try and sell any back, so I can't speak to that experience.

@INTERNETVID 3 месяца назад

Same here with the predominance of my purchases through Vermillion. As to the online guys I've found Monument Metals to have favorable prices more so than SD Bullion. Plus I'm predisposed to disliking SD Bullion anyway due to their annoying, ad nauseam sponsorships on some YT channels.

@Fireinahorn 3 месяца назад

I was curious about how shipping plays in.

@IMDunn-oy9cd 3 месяца назад

@@Fireinahorn Shipping from Vermillion is $13, I believe. While, the big boys offer free shipping, it doesn't offset the higher costs of their product.

@vermillionenterprises 3 месяца назад

@@INTERNETVIDLOL..love it

@kingsilver638 3 месяца назад

You guys do a great job got good prices too

@vermillionenterprises 3 месяца назад

Thank you

@emilevoyer123 3 месяца назад

THANKS FOR THE VIDEO

@vermillionenterprises 3 месяца назад

Thank you for watching.

@jerrywalden7131 3 месяца назад

thanks for the info

@vermillionenterprises 3 месяца назад

Thank you for watching.

@Marcus-rm8fw 3 месяца назад

I did not see on the website but how is shipping handled with regard to buying?

@vermillionenterprises 3 месяца назад

Give us a call when you are ready to make a purchase.

@jeffkeller9009 3 месяца назад

Love my local LCS, ,only slightly more than online, but like to try and keep it local, and to be able to get more vintage stuff.

@pawpawssilverstack2814 3 месяца назад

I really enjoy my LCS but I will say he doesn't beat your prices. But he also doesn't have your volume as well. But he is local and convenient

@vermillionenterprises 3 месяца назад

awesome...thank you for watching

@gatewatchers4002 3 месяца назад

My LCS charges between $28-$34 per dollar face on Constitutional coins. I have to shop online.

@CjplusLj 3 месяца назад

That’s obscene

@holdfastjoe8841 3 месяца назад

Little confused, are you buying junk 90 at spot and selling at spot + $1? edit: scrolled down saw same question from another viewer. The spot / spot +1 is correct. thanks

@creamrising 3 месяца назад

What do you refine your gold into? Coins? Bars? Ingots? What weights?

@vermillionenterprises 3 месяца назад

we do not rerfine, it is sold to the refinery after they melt and assay it

@martygreen9714 3 месяца назад

Missed you guys last week or was I in outer space 🤔.

@midgetmack5344 3 месяца назад

Best Coin shop on RU-vid Prices always great as well

@vermillionenterprises 3 месяца назад

Thank you sir

@thevikingstacker5794 3 месяца назад

Yes! Finally!

@vermillionenterprises 3 месяца назад

Thank you for watching.

@gregweston277 3 месяца назад

Thanks for the update, fellas!

@vermillionenterprises 3 месяца назад

Thank you for watching

@jamesanderson9692 3 месяца назад

The downside to 40% half dollars is space to store. Being that they weigh more than 90% dimes/quarters, how much actual pure silver do those 90% contain than the 40%?

@vermillionenterprises 3 месяца назад

.715 ozt per $1 vs .295 ozt per $1

@buyystocks 3 месяца назад

super supply of silver, jm paying $200 under for 100 oz bars, 40 yrs .I never seen that.

@vermillionenterprises 3 месяца назад

wow...that is crazy

@SirAlford 3 месяца назад

Another solid guy is TedSpeaks channel.

@d.michaelbocinski7428 3 месяца назад

Do you have any fractional currency?

@SugarSandProspecting 3 месяца назад

I always prefer to deal with LCS on both ends, that being said there a specials i will take advantage of here and there, but mostly the LCS. Treat them right, i feel it comes back 10 fold when its needed.

@vermillionenterprises 3 месяца назад

There ya go.

@davidotness6199 3 месяца назад

Gold closed @ $2,295 in Shanghai today.

@rosenasser5943 3 месяца назад

I remember James Garner in the western comedy movies Support your local Sheriff and Support your local Gunfighter. Maybe a new sequel can be made called Support your local Coin Shop. Steve Carell could star in it.

@vermillionenterprises 3 месяца назад

that is a great idea

@victorfrankenstein50202 3 месяца назад

I know you don’t like to hear about the negative bashing of LCS’s, but as you may know, sometimes it’s warranted. I was watching another video a few days ago, and a local (repeat) customer was visiting this shop in the video, and was purchasing generic Buffaloes, and the owner quoted him $31, and the man gladly purchased them. THIRTY-ONE DOLLARS for generic? That is why LCS’s get negative reputations. Every owner has a large amount of overhead to pay, but when you’re charging $6+ over spot for Generic Silver…”C’mon Man”

@vermillionenterprises 3 месяца назад

then call out the "bad shops" by name do not lump every coin dealer into a specifically labeled group....stereotyping groups of people based on the actions of some is no way to operate

@victorfrankenstein50202 3 месяца назад

When it comes to the Silver bullion market, we all pretty much know that prices are artificially controlled, with Silver being used in a large part of the industry market, so Central Banks pound the fake paper market to keep it at reasonable prices. What big industry wants to have to buy several tons of Silver at $50 an ounce?

@jimlewis5477 3 месяца назад

Is there any truth to the rumor type 2 silver eagles are trackable some sort of way.

@chriscolby4578 3 месяца назад

April fools bud

@coinman2753 3 месяца назад

How many (hundred) million do they produce each year? Canada made some kind of “ID’d” coins a few years back, maybe.

@INTERNETVID 3 месяца назад

Trackable? With ASE's, highly doubtful. With coming CBDC's, a 100% certainty.

@victorfrankenstein50202 3 месяца назад

That was funny…”Snail Mail”, but unfortunately true in many cases. Had a friend send some tax papers to their accountant (preparer) thru Priorty Mail, which claims approximately 2 - 3 business days, and it arrived 10 days later.

@erickimbrel863 3 месяца назад

My LCS gives top buy back price and sells at fair prices. I think they almost give stuff away and wish they would slow that up so I can find some goodies.

@darrensoldan5972 3 месяца назад

Is 80% Canadian silver worth picking up or just stick to 90% US?

@INTERNETVID 3 месяца назад

Hard to say. I'd think you would need to get it down to a price per ounce basis, in addition to expected usage, e.g. for prepping purposes or bartering scenarios, obviously stay with the coinage of your resident country, due to inherent transactional and liquidation challenges. Vermillion's prices on 90% constitutional silver are consistently excellent.

@kingsilver638 3 месяца назад

Oh come on You need to tell me that I can't come in 5 minutes before you close with boxes of miscellaneous coins to sell to you 😂😂😂 LMAO

@vermillionenterprises 3 месяца назад

yes sir you are always welcomed but we prefer collections to come in earlier

@bobsacamano7653 3 месяца назад

90% silver dimes are common here and go for less than halves

@tnevy1 3 месяца назад

Did you miss the prices on 90%?

@vermillionenterprises 3 месяца назад

Nope: Spot, Spot +$1

@holdfastjoe8841 3 месяца назад

oh I should've scrolled and read. I had same question. It was a little unclear this time

@TwitchRadio 3 месяца назад

Canada 80 % silver... What's your thoughts... me personally I do constitutional US silver but I live so close to the Canadian border I thought it might be nice to have maybe one or two tubes of quarters dimes and halves from RCM.... anyways thought I would post a question and see if anybody wanted to respond😎✌️

@INTERNETVID 3 месяца назад

I have no first hand knowledge of RCM coinage 80% or otherwise. Generally speaking, it can't hurt to diversify, particularly with the relatively limited amount you're alluding to. I personally would stick to 90% US even if I resided in Canada, and purchased from Vermillion due to their very favorable pricing. Then again, maybe your source(s) for 80% RCM would make it a beneficial alternative. That I would not know.

@TwitchRadio 3 месяца назад

@@INTERNETVID yeah that's what I was thinking for diversity reasoning and being I literally live maybe an hour and a half from the Canadian border and get a lot of Canadian people crossing the border and I thought it would be nice to have at least one tube of each on hand for bartering purposes which I don't think I'll ever come to but who knows... maybe I'll stack it if I find it at a good price like you're saying but mainly stock us constitutional... anyways kind of what I thought I just wanted to post a question and see if there's any other takes on this subject.. Thank you for your time and the reply 😎👍

@INTERNETVID 3 месяца назад

@@TwitchRadio No problem, and best of luck!

@buyystocks 3 месяца назад

for checks,you mean a full month turn around.

@vermillionenterprises 3 месяца назад

With how the USPS has been operating, we have seen that.

@charleswilson6789 3 месяца назад

We're u been guys.

@vermillionenterprises 3 месяца назад

Extremely busy.

@patchrat1 3 месяца назад

When asked about the price going up or coming down he says yes

@CjplusLj 3 месяца назад

Beat my lcs on the silver bars by a lot

@jonnporter6081 3 месяца назад

A lot of the hate directed at coin dealers comes from RU-vidrs. All the RU-vidrs tell us that every one of our coins is worth thousands of dollars. The coin shop owner has to tell us that we have an ugly baby.

@vermillionenterprises 3 месяца назад

great analogy...thank you for watching

@ericreen6168 3 месяца назад

Unless I missed it you did not put the price of your 90% junk maybe I just missed it but it seemed as though you got off track when you said you couldn't keep the dimes in stock or maybe I had my head planted firmly in my back side and I just weren't paying attention😂

@INTERNETVID 3 месяца назад

90% silver they buy at spot and sell at spot + $1, as of today.