Is This BIG Online Coin u0026 Bullion Dealer Ripping Us Off?

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Title	:	Is This BIG Online Coin u0026 Bullion Dealer Ripping Us Off?
Lasting	:	12.50
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Views	:	9 rb

Thanks for pointing this out After speaking with our tax advisors, we will refund the sales tax on your order and our website will be updated to reflect this change in the coming days br brJust to provide some context here, interpreting bullion tax laws is a very large undertaking There is not an out of the box tax solution for bullion dealers and we have spent upwards of $1MM developing our proprietary tax solution Each state has their own set of rules which can vary based on metal type, product, dollar thresholds, jurisdictions, etc Additionally, states are regularly making updates which adds to the complexity br brI’m confident that we get sales tax right 999 of the time and we’ll continue to invest and audit our sales tax policies on a regular basis br brWe appreciate your business Thanks again for bringing this to our attention
Comment from : JM Bullion Inc

What is the update on this situation?
Comment from : M- Nice

Sounds like fraud/extortion
Comment from : Arthur

Thanks for an informative video
Comment from : Paul Harris

Illinois has no sale tax on bullion, love it I also live in Wisconsin
Comment from : Selwyn Ayers Jr

Alabama does not charge any sales tax on any PM sales ever You were ripped off
Comment from : Fred Daniel

I had a similar issue with JM They were going to tax me for bullion over 500 I live in FL They said because my order was different items I would be taxed
Comment from : Byron Beall

Thanks for making this video It was very informative
Comment from : 1000MillionBillion

JMB never responded to my request for a refund through PayPal (2+ weeks ago) so I was forced to initiate a PayPal case against them yesterday I am NOT going away until I get my tax money refunded! Buyer beware KNOW your state's tax laws!
Comment from : barjer54

Thanks so much for that I just was ready to place an order with them ain’t happening now
Comment from : Keith Faccone

Companies like this either have integrity or they do not Based on results I think we know where they now stand I don’t do business with companies that lack integrity Not another dime till the end of time
Comment from : STILLCREEPY TRUE PATRIOT

you confuse me talking of jm bullion but showing sd bullion
Comment from : Ron Siegrist

Being in Nevada, I pay NO sales tax when I buy bullion However, there are times that an online offer is great I found a little advantage buying Apmex products through Walmart I believe they are now offering other dealers products too My reason for using Walmart is that I have a Capital One Walmart Card that gives a 5 cash back on online purchases That becomes a 5 reduction on the price paid so in and of itself it is a no brainer However, one purchase through Walmart buying an Apmex poured silver Kilo bar However, Apmex charged sales tax and when I queried they claimed it was Walmart's policy and they were merely complying Like you say, this was bullshit I got nowhere with Apmex but comp[lained to Walmart (not an easy thing to find) that I am a Nevada resident and they were unlawfully charging me sales tax The response was being handled by a turtleslow!!! In my frustration I approached the local sales tax authority making them aware of this practice and was told they would look into it Whatever that means, it felt like another "they went thata way" response Six months later, I received a credit to my Walmart Capital One card in the amount of the sales tax charged I also received an email mentioning this matter was address and closed Unfortunately, I see Walmart is still collecting sales tax for bullion purchases BUT, I am remaining vigilant to their site's practice and perhaps they will update their state database etc in their checkout process Meanwhile that Silve Kilo became the deal I thought I had off the price and no sales tax Not too bad
Comment from : Donn Marier

Good looking out
Comment from : DeejRD

I live in Arkansas and we have a law that says we don't pay taxes on bullion JM is showing no sales taxes for me That sucks about your JM BS
Comment from : Steve K

I’m in Texas and I am ready to start buying Gold and silver at the end of the month like $100,000 worth I need your help please sir
Comment from : Joseph Garcia

Thank u iv been argueing this point with Hibid auction site
Comment from : George P

I'm presently investing in brass, lead and gunpowder That will be next currency someday when Demoncrats destroy our economy
Comment from : Smokey

Thank you for supporting the community by telling us about this dubious dealing with JM Bullion!!
Comment from : pharbman

Absolutely, SHAME ON JM BULLION! SHAME ON JM BULLION!!!
Comment from : pharbman

J and M you lost a NOTHER customer for life, even if you fix this Just to teach others if they try we fight back with OUR MONEY
Comment from : Larry H

FDACS is who to report this to in Florida
Comment from : Gardener Earth Guy

Florida A G needs to sue them
Comment from : Larry H

That is good they fixed it and I do bet it is difficult to keep up with tax laws but they I am sure they have tax lawyers
Comment from : Eric Bynog

BS Good on you callin out Jm!Paying sales tax on my Wisconsin orders really upsets me here That really makes you think about the bottom dollar
Comment from : Adam Soehner

😎
Comment from : ghst777

No sales tax on precious metals in Texas Because TX considers it a money exchange Like getting 4 quarters for a dollar
Comment from : Terrance Pickl

how bout gold in sc ?
Comment from : Duggy Dugg

live in a state without these stupid taxes, easy
Comment from : LordoftheJamesClan

Well no JM Bullion for me…no good rotten sobs Sounds like a bunch of schisters Thank you for the info, keep our hobby fun!
Comment from : ScroatBagGarage

ask their tax specialist to show where the State of Florida is REQUIRING them to collect sales tax on American eagles This is obviously a mistake by their tax specialist misreading the requirement
Comment from : alfonzo glecko

I'd stay away from them and all affiliated with them as well !To many complaints ! Glad to hear they responded and refunded you properly ! Hope the other bullion dealers are listening !!
Comment from : Kevin Crock

Thank you for sharing this I order from them I will call them and tell them I will not be ordering from them anymore until they make it right with you
Comment from : Vaughna

👍👍
Comment from : DALE

Their prices have gone up due to the buyout a few months back
Comment from : Gary Hennessey

Hero is the best
Comment from : hisinvisibleness

I quit using thembrYears agobrShady
Comment from : hisinvisibleness

You must buy at least a 500 dollar minimum in bullion to avoid a sales tax in the state of Florida
Comment from : virgil kane

JM also taxes wheat pennies
Comment from : Boris Perez

Gainsville Coins was doing the same
Comment from : Gladys Over

This needs to be reported to the Fl State Atty General as well as the Fl State tax commissioner Provide as many details as you can
Comment from : Gladys Over

Sounds like more than a simple mistake almost criminal May be a class action lawsuits will teach these bullion dealers not to play around with their customers
Comment from : Poker Moves

Sounds like JM is pocketing the 6, which is good for their bottom line until people find out about it Thanks
Comment from : Jim Comstock

JM Bullion charges taxes when your state has not made bullion a currency I've gotten a hundred ounces from them sent ro Louisiana No tax charged
Comment from : Ewetoob Blowzdogg

Not sure why they would tax You are basically exchanging paper money for another form of money 🤷🏻‍♂️
Comment from : Bullseye Bob

ITS ILLEGAL TO TAX
Comment from : Paul Carter

They’re probably pocketing that tax I never liked them My first purchase from them was lost in the mail and their customer service was bad Right now Vermilion in Spring Hill has ASE for spot +$450 and No tax on any quantity of US coins
Comment from : Mack Stack

Sounds like greed
Comment from : Marec Huber

Tax Tax Tax I think purchasing across a state line (for any good ) should not be taxed I don't know when this will end
Comment from : Mitchell Reid

Good to know
Comment from : Mitchell Reid

just ordered from hero bullion which only totaled $142 and there wasnt any tax even though it was shipped to PA
Comment from : jeff mentzer

I've been stacking bullion tor over 35 yearsI can't remember if I have ever purchased anything from JM, but I know that I never will in th future Are they going to go through their sales records and refund stolen money to all the people in Florida who purchased from them and had the bogus taxes added to their total bill I doubt it will happen
Comment from : RAD

APMEX charged me sales tax on a gold eagle via thier Ebay Store they still haven't refunded meIt's been two years
Comment from : Peter A

JM Bullion has no retail office like most other dealers Red Flag to my thinking
Comment from : Klaatu barada nikto *

JM Bullion is the absolute worst They sold a friend an underweight assayed bar, plus another badly scuffed bar that obviously didn't match the condition advertised It was returned, but my friend got the same damaged bar in their next order!
Comment from : History I Witness

Well I wonder what is happening with all the tax money they are collecting and don't have to give it to the irs? Great video
Comment from : Upscale Flipping

My last JM experience… My order went missing from JM due to a glitch in their website (orders were not including the PO Box number) and they did nothing to investigate because they said it arrived at USPS I had to deep dive into the problem myself USPS denied it showed up It actually turned into a federal investigation after UPS said they gave it to USPS Wasn’t confirmed but I do believe someone at USPS was looking to take it once declared missing UPS was awesome They sent an investigator to USPS and literally told them to go find it For three weeks it sat on a workers desk tucked away at USPS Not a single person asked the question, hey does this person have a PO Box here? JM did nothing to help me out It was a big order toobrbrEdit: I’ve ordered from SD ever since, and quit going to that post office I know JM isn’t a shipping company but I needed info for the insurance claim and it was time sensitive I couldn’t get through to the appropriate parties there, nor would USPS do an investigation The UPS investigator took initiative and truly helped me
Comment from : New Mission USA

I am in Idaho and never get taxed on silver I think it's state law here
Comment from : PACIFIC NORTHWEST PROTEST

Thanks again I put in for my $1400 sales tax return Gary
Comment from : Gary

I agree 💯! I’m in Tennessee and we don’t pay taxes on bullion either
Comment from : Silver Junkie4

Bruh I'm with you 100 apart from what you said about Europe and the 20 VAT - "That's why I don't live there - we don't pay taxes on that crap"brWell mate, I'm in the UK and guess what? If gold and silver go up in price you will be paying A LOT more tax than me Legal tender gold is CGT (Capital Gains Tax) and VAT-free, while silver is CGT-free in legal tender form What's the situation in the communist paradise of the United States? Ah yes, you have to pay CGT on ALL gold and silver regardless of its nature and have to declare even $10 to the IRS That my friend, is why I choose not to live in communist countries like the United States (Sorry, you had that coming)
Comment from : Pax

Sd bullion has had the cheapest premiums this year
Comment from : Empty_Pockets

SD Bullion just started collecting tax on CA sales under $2,000 which doesn't surprise me, used to be under $1500
Comment from : Scott Houghton

Had the State of Florida Department of Revenue reinterpreted the definitions?brWhen I had my bookshop in Illinois a Comic book was considered a periodical for as long as it sat naked on the shelf But the second I placed it in bag and board it becomes a collectible and is taxed
Comment from : Kenneth Lease

I hope they investigate Gainesville in florida!
Comment from : Kevin

If you have to sign for it, refuse shipment?
Comment from : In Gratitude I Am

I’ve moved over to SD Bullion because their prices are way better I save $30/$50 on most orders
Comment from : kleinster99

Another way to get traction on this is to contact Florida Department of Revenue and let them know that taxes are being collected and "may not be remitted to the State"
Comment from : Ed Bloom

I've had issues with JM Bullion I no longer deal with them
Comment from : Dave A

Be aware that eBay has similar problems I have bought bullion products from online dealers who utilize eBay and was charged a sales tax on some of my orders and my state does not collect any sales tax period, nada, zilch Had to go round and round to get most of my tax refunded to me I have not received all my money back I refuse to purchase bullion on eBay anymore Their tax specialist must have taken a job at JM
Comment from : Jeffrey Wolski

You should report that transaction to the Florida Secretary of State and get them to refund your inappropriate taxation
Comment from : ArtVanAuggie

I had read that JM Bullion was bought out by Blackrock some time ago and never went to their website again, since I read that announcement !
Comment from : Peace & Grace

Look at sd bullion's so called spot prices against reputable spot prices like the comex or KITKO silver
Comment from : Karl Pierce

Thankyou for the tax BS wont be buing from them stick to your local coin store
Comment from : William Biniak

Way to go Florida Stacker! Im a Vet and didnt know about the discount, I will call them and inquire about this b4 my next purchase "Way To Go"!
Comment from : Arturo Robles

Thanks for the video
Comment from : Robert B321

JM bullion has always been the cheapest place online for me to buy, considering the shipping charges in the Easiest e check policybr When I recently made my last purchase from them a while back i was charged tax on one coin and not 10 others
Comment from : Rodneys Next Chapter

Beyond taxes, the big online dealers who claim that they have, “the lowest prices” most certainly do NOT have low prices—- unless you buy large volumes Maybe
Comment from : 213thAIB

ebay 😊
Comment from : C-130

😮😊thanks for the information 😊
Comment from : Quinn The Eskimo (Outdoors)

You got it right!
Comment from : Black Cloud

Arkansas has no sales tax on coins, currency and bullion as of about 2 years ago
Comment from : computerwizard1959

Report them to Florida taxation Dept
Comment from : RevBiker Big D

Florida Stacker, when I jumped into the Gold & Silver stacking community (more like obsession), I bought almost exclusively through Provident Metals They almost always seemed to have the best price on most bullion, and the customer service was excellent Fast forward to a couple years (or so) ago, and Rip-Off-Mex swallowed them up, along with JM Bullion It didn’t take but a few months (if that) before their prices ballooned, just about matching Rip-Off-Mex’s prices Needless to say, I haven’t purchased anything from them since I refuse to pay exorbitant premiums, in order to fill the pockets of the greedy, and I don’t care about the whining of overhead due to larger variety My go-to now is Bold Almost always the absolute lowest prices on bullion, and many semi-numismatics as well Let’s face it, as consumers, and as stackers, we have to go where the money is (that is say, the lowest amount of cost)
Comment from : Victor Frankenstein

I can see that I WON"T be using JM Bullion
Comment from : Haunted Highway 216

Also buy coin that has mintage of 500,000 from other countries
Comment from : Collectorinvest

That's 13 minutes of Bullst I could have saved !
Comment from : Ray Merritt

I LOVE THIS VIDEO!!!!!!! Keep crying don't worry about the hatters
Comment from : Jerry Garcia

I have made several JM purchases I am in Texas I have never been taxed on any silver purchase I did get taxed for copper rounds, but no tax for silver rounds or silver currency from any country including the US Just monitor any purchase With the copper rounds, I got a phone call from a human being in the USA and was explained that copper was not exempt like silver and gold and that I would be taxed on that purchase I have had very good luck with JM Bullion
Comment from : Tim Simeroth

Thanks FS I am in Oregon and I've been stacking seriously for the last 5yrs I'm up to 800 out in silver and 5 ozt in gold (25k & 10k $) I primarily shop with SD bullion, Pimbex and Hero bullion out of Texas I have never been taxed, and some of my purchases were over $5,000 I did briefly check out JM but I wasn't impressed with the prices so I moved on This is an example of how the government is trying to keep us from buying precious metals because it interferes with their Central Bank digital currency aspirations and the Fednow digital currency Dangerous times and all the more reason keep stacking! Thanks for the great information
Comment from : sunder62

I’m in California and every local or out of state coin dealer as well as eBay charges sales tax if a bullion sale is not over 2000 Used to be $1500 but now $2000 This is nothing new and not limited to JM Bullion What really ticks me off is that eBay used to not charge tax on large orders as long as there was bullion mixed with numismatic Now they separate the two so they can tax the numismatic They say it is for my convenience but since when is paying tax AND being forced to check out twice a convenience?
Comment from : T Ho

The number one question I ask online bullion dealers is how my order will be taxed In my state it's complex >$1,000 orders, and under 115/140 based on bullion type are not taxedbrbrHad good luck with BE, plan to use them again moving forward
Comment from : RoganBits

Thank you JM bullion was listed by USA mint as one of the 1st recommended buyers for current mint coins Now I will look at another SD bullion is my next stop {:O}XC subscribed my new friend
Comment from : paul stutz

And again the other sites did not engage in this practice… TY Florida Stacker
Comment from : Gary