Silver Bar at Costco! Manager takes me aside and gives me insider information! 

You are my hero for not doing the last bar! Eff the haters

Paying tax on MONEY is just nuts, period! There shouldn't be tax even on a single bar.

Imagine going to the bank with a $10 bill asking for a roll of quarters and they tax part of that $10. No reason they should be charging you tax at all

I live in Canada…bought a few oz from Costco, delivered to my door no problem., as I can’t purchase at warehouse directly here in the province I reside in. When looking at prices in USA at Costco , there is a significant discount to what we are paying even with the currency exchange…about 30$ a bar. So I thought I’d call a Costco in a bordering state and go see if I could purchase a few bars. The Costco I called stated they were sold out…and that they sell out very quickly, almost immediately…told me to check back periodically, but they don’t know when they get product in stock. Long winded reply…citizens are starting to stack bouillon…Costco sales is a tell that society is getting concerned and buying bouillon as a hedge. Just an honest real world account of my experience and observations

My like, turned your counter to 1k even! I appreciate life's little victories for both of us!

Thanks SpegTacular. I purchased 2 from a local Costco to avoid taxes and was able to coach them through it because of your video 😂 They had to go read about FL taxes on some chart. No one knew about $500 in FL. Don’t give in to trolls! I’ve also got purchasing gold and silver for Costco online down to a science. 12 items in all that’s been offered online in the US.

I was shocked to actually see them in my store this Saturday. Bought 5, no tax (AZ). Great bars, $289.99 before using my Costco card that will get me 4% back.

Lol I love to see you troll the trolls! 😅😂 they couldn't wait to start typing.

Ya Right ! The manager took you aside 🤣🤣🤣🤣🤣😅😅🤣😭😭

Costco knows that loophole. Try checking the store once they sell it. They'll restock immediately.

I was chanting to the tv, don’t check them all, don’t check them all, and you didn’t, great job , I did laugh some😂😂😂

I Buy in PA no TAX on COINS & Bullion!

Speg old friend. I have missed you a bunch with the Tubes notices. Good to see you bud. I love the no tax on bullion that is in place here. Kind of like Nervana eh, LOL.

Buying at 50 cents silver spot, is one hell of a deal. Plus the cashback on your card. Thats like buying at spot.

Here in North Texas, they told me to do the same exact thing about the silver. So I call 19 stores, 8 every other day.

Online Costco has silver and gold coins all the time. But they usually sell out pretty quickly so you have to be fast. I've bought both some Maple Leaf and Silver Eagle rolls lately when they had 'em. And Costco did the calcs right and I paid no sales tax as it's not taxable in my state. Also get the exec and credit card cash back so it's cheaper but not as cheap as the bars. Still haven't seen any physical silver at any of the Costcos I frequent.

Nice! !(: And that stack too, WOW ;)!

Our State passed a Law Exempting taxes on All Bullion, foreign or domestic, Numismatic coins , foreign & domestic, currency, foreign & domestic, on October 1, 2021.

thank you Speg.

Some Dealers still messing up. I'm from Florida too and cancelled a recent order during processing at Bold Precious Metals because even though I had over $500 in gold and silver they tried to tax me on the gold.

For once I catch a tax break in Michigan......." These taxes must be collected on (1) copper products; (2) palladium products; (3) any bullion products made of gold, silver, or platinum if their purity is less than 900 parts per 1,000; "

You have to spend over $500 before it's tax exempt? That's ridiculous. In Canada, all precious metal bullion is tax exempt, regardless of whether you're buying by the grain or the ton!

You did it again. You missed 1 bar to test. Multitasking is hard.

I spoke with my contact at the corporate office. I was told they use the gold to entice customers into the new store. So all newly opened stores no matter how big or where they’re at, those are the store that stock gold intermittently. Good content.

For all the haters , the last bar wasn't checked because of you guys. Keep up the good work, spectacular.Assured you enjoy your videos.😅

for anyone wondering, I cross referenced the serial numbers with another video. the bar he didn't scan here, for lulz, was scanned as pure before, and the one he skipped before is scanned here. Keep spamming at your leisure, but it checks out.

14:34 lol that's too funny. Skipped the last one

I went through the Costco/tax fiasco in Nevada. It was more expensive than ordering through the usual on-line vendors even with the higher premium.

I was at Gulf to Bay Costco today. No bars. I really had my hopes up but it wasn't meant to be today.

Bro if Costco ever gets ahold of Libertads …..

I just ordered a tube of 20 Silver Eagles today (May 13, 2024) from Costco online for $679.99 shipped to a no-tax State. The online order correctly calculated no tax and no shipping. The rate got me the 2% costco rebate back and was between $80 -$100 difference off of my normal 2 silver sites I order from.

I wish my Costco stocked these bars. It's pretty awesome that you can get them, though!

Thanks for the informative episode

Last bar with serial numbers ending in 7937 wasn't tested.

New subscriber - love your Costco silver videos! Appreciate the info on state tax - seems Virginia requires $1000 or more to avoid sales tax. Will check if my local Costco has them in stock. And like others have said - ignore the trolls! 🙂

I wish my Costco in Sarasota would sell those silver 10 oz bars. They only sell one ounce gold rounds.

There are no taxes in Nebraska on precious metals, thankfully.

you did forget the last

I'm new to your channel and love it. Thanks

Thank you for sharing.

I live in Kentucky. And JM Bullion has to collect taxes on ALL purchases from them.

in New York all silver is taxed unless you purchase 1000 dollars' worth at a time. I guess that the small retail purchaser is expected to bear the tax burden again. Why am I not surprised.

I’ve been weary to buy silver in the last five months. I’m in the green on all My silver right now just over a kilo. But I can’t get myself to pay current prices.

🤜💥🤛Speg, that phoenix is really nice, I bet it was crazy expensive. 👍

I am mostly by a local coin shows in California as I get the tax break for over $2000 purchases every time.

I went n got 5 in CT where its tax free over $1000, went smooth but def gotta buy them first when you go in and go right to the managers desk with the slip.

They are nice looking bars. 👌

Awesome brother... I see what you did there hahahaha

First off Thanks for posting this video! Personally I would have bought the 10 0z bar, thinking that if silver hits triple digits this summer, I would have made a good investment regardless of the sale tax. Thankfully where I live there is none, only on Constitutional silver and collectables. Cheers!

Nice looking bars those 👍

A sales tax is imposed on retail sales in California, but bullion product sales exceeding $1500 are exempt from the state sales tax. This includes bullion coins, bars, and rare coins, and covers both individuals and businesses. Bullion sales under $1500 are subject to state and local taxes, which vary from municipality to municipality.

I was told Thursday and Fridays they get more silver here in Idaho

I bought a gold buffalo today from costco it was under spot with executive account and cc cash back I also got a roll of maples for 787 after rewards, well under other online stores especially their credit card pricing

Dallas/Ft Worth TX area- I was just told by a membership customer service lady, that not all the stores carry gold and silver, or maybe just one or the other. So I am marking many off my list to call every other day, but I will get a hold of a store manager to verify this and let you all know.

As a Maine resident, stacking is now a challenge. Finding sales are always a good idea, but a necessity when you have 5.5% tax to cover. Really time to move I think.

I just checked on costco website and for my area (?) they have ASE roll for $679. I might pull the trigger. Delivery only. Just figured I would pass on info in case anyone has same deal.

I tried to explain to the cashier there was no sales tax, then I had to explain it to the clerk at the pickup counter, she’d never heard of it either, she then went and ask the manager, problem solved.

I'm sure it's a nightmare to program all of the tax laws for each state and product into the POS software. Even online Bullion dealers, much less Cosco.

Alamo heights coin shop has 2024 eagles. San Antonio

Don’t listen to trolls most people are completely ignorant to the value of gold and silver

I just bought my first one Saturday! No tax in Colorado yea!

Ugh. Just aggravates the hell out of me that Nevada (the Silver State - as our motto goes) has sales tax on silver/gold….no exceptions. Kind of ruins the desire to buy as it’s around 81/2 %.

Dang it you guys I promise you Costco will not sell fake items

The Benny Johnson of silver stacking

I am in CA and the tax exempt threshold is $2000. It makes no sense to me why some people have to pay tax and others don't. Wait a minute.....it makes perfect sense. They cater to the more well off.

😂😂😂 I love it 😵😵😵 it's funny. You broke tax Web site! 502 error. Too much traffic 😂😂😂 Love from sLOVEnia 💌 *2* 🇺🇸 Don't tell anyone 😂😂😂

we do not seem to have these bars at our Costco in Greensboro North Carolina.

My state does not charge sales tax on anything Montana’s great that way

MIssed that last one again....

i got it . that is funny. good for you.

I bought over $500 from apmex the other day and they tried to charge me tax on the 2 ASEs that got! I had to submit a claim, but they did finally refund it to me.

I've been going to the Costco website for months now to check for bars and coins and nothing ever populates following a search. Same for visiting my local Costco-nothing is ever in the jewelry case. I'm guessing I'll need to ask the local Costco store manager if they ever order bars or coins. On their website what search terms are you using?

I only watched the video because I heard that this guy forgot to test the last bar. 14:29 See? He didn't test it. WOOO 🥳

One other thing I'd like to say and know is, in Canada 🇨🇦 we are not allowed to but directly from the mint. Only licensed coin dealers can and that's where premiums kick in. Can my American cousins buy directly from the U.S mint or can you only buy mint products from licensed dealers?

On the phone with one of the Texas stores, a manager spent over 15 minutes talking to me. Very nice guy. It is true, only certain stores get either gold or silver, this store only gets gold bars, he has been there for 3 years. He did say -all is determined by corporate, he will get an email saying in one hour or so, your store will be receiving this gold bar delivery, normally in a quantity of 16. And of course, the limit is 5 per purchase. But not all stores get precious metals and something from corporate is driving the type and quantity to each store. I am wondering if I can contact corporate somehow and ask if I could have a certain amount sent to the store closest to me? And I have never seen 5 or 10oz silver bars online. have you?

Where did you get that Precious Metal Verifier device? I am just getting into stacking and if that device can reliably detect real precious metals from forgeries then it seems like it would be a good investment.

Informative

Where I live all Silver and Gold is Tax Exempt no matter how much or little you buy from 1 silver dime to 1000 silver dimes no tax at all.

My local Costco had no silver or gold in the jewelry department sadly

At my Costco in Az he told me that when they get them they sell out immediately

Arkansas doesn't charge taxes on gold or silver.

Haven't seen any silver at my Austin TX Costco. But any amount of bullion would be tax free here.

Here in Canada 🇨🇦 we don't have to pay tax on silver maples ot other RCM silver like bars. However, if you buy scrap Canadian or American silver then we have to pay tax.

Nice you "forgot" the last bar! 😁😁😁 That'll be a surefire way to generate a ton of comments lol Well thought out reversed psychology!

Damn! You can literally walk into a Costco in Fl pick a bar off the shelf and purchase it at the checkout? I am a member on Long Island NY and they don’t have them here. I need to move. My state sucks.

How's this for wacky. Instead of getting jerked around by Costco go to a local coin dealer and support your local community businessman.

I was reading a 5 bar max in California on the website meaning i always would have to pay tax. The governor in California is greedy in fact he also charges about 2.00 a gallon tax for gas.

Am I correct in assuming that if the bars were not legit then your headline would scream Costco sold me fake bars?

in costco canada, the PM's are only sold online

I live in California and I bought 50 Canada 1.5 oz silver rounds from Apmex @ spot price $28.20 "spring sale" over $2,000 purchase NO TAX in CA.

😢 Anybody knows 🎉why Apmex via Walmart online charges tax on gold and silver even though the state that I live has no sales tax on gold and silver purchased by residence (in-person and shipping address in state and into the state- no tax)?

Yeah, watch yer video again, you missed one... However it didn't phase ME. The Canadian mint doesn't fake stuff. Highly recommended and trusted bullion, just like JM's. Hey, do the Costcos in Canada sell those 10 oz bars too? I might just have to become a member. Those cashbacks can add up fast. I used to order from Kitco, until my gov started taxing my silver by the oz. Ah 2010, crazy times. Oh BTW, you should do a thing about those Hunt brothers... unless you already have. My grandma got burned bad from what they tried to pull off, (bought at the peak). She eventually gave her kids the bars and my uncle used it as a door stop for years because of how devalued in had become. We are talking 1970s dollars then. Yikes.

Nice

In Canada you don’t pay tax on pure gold/silver aka money.

how does Costco make any money off these silver bars? great video!

Yeah I'd check your state laws for JM Bullion because they are charging taxes for Nebraska. Nebraska Revised Statute 77-2704.66 states "(1) Sales and use taxes shall not be imposed on the gross receipts from the sale, lease, or rental of and the storage, use, or other consumption in this state of currency or bullion."

I’ve tried three stores in the Chicagoland area with negative results

I bet they would have had the 5 if they rang them up with the tax. Once you have them in front of you then you talk about the tax. Might be worth testing next time.

Interesting!!

$2k purchase of bullion in CA before tax exempt. Crazy