Topic: Any sites accept BitCoins for bullion GOLD/SILVER coins? (Read 2641 times)

That is pimp..

Time to do some shopping.

I could also just forward the BTC to mtgGox and have them converted to USD within a matter of minutes.
But besides the problem of chucking an arbitrary number of BTC into a BID of unknown proportions, theres's the matter of currency -  I deal from Germany, which is Euroland - what would I want with a wad of dollars?

Yes, I know, mtgox supports the EUR, but the conditions altogether are less than stellar.

So I assume most of the exchange rate risk and share some of it with my clients -  and try to convert the BTC into EUR via the less frequented european sites.

I also ALWAYS include insurance in my prices, so there's that, too.

Luckily our processing system automatically converts BTC to USD.
But yes, I agree with your point. There's always that currency exchange risk you have to think about when dealing with Bitcoin.

hi,

although I understand your reasoning, let me explain why there might be a premium on BTC purchases, especially in gold and silver:

gold and silver are traded in USD, this is a simple fact.
if you're having to pay bills and restock in USD or EUR, there is no way around exchanging the BTC for fiat.
however, the BTC market is so volatile and elastic, that every sale can influence the price, especially when you're basicalls FORCDED to trade via mtgox to at least have some liquidity at your disposal.
typical example from last week, where I processed an order over 500 BTC.
if i had just thrown these 500 BTC into the market, I'd lost at least 1% of the value, which is a considerable amount of my margin. also, remember just around new years, where the price spiked from 4.50 to 7?
within two hours of the BTCUSD hitting $7, I received orders for over 1000BTC. while i was nowhere near a computer. for HOURS. the price could've just as easily dropped back down to 5, leaving me with a $2000 hole.

so if, like most if not all BTC shops, you're a very small business, maybe even just one lonely private person trading on his own stash, there is NO way around a little bitty extra unless you want all those people to risk going broke after the next crash.

also, I think most people (miners) think like this: "it cost me maybe 1$ in electricity and hardware to make this Bitcoin, why not spend 10 on a coin that trades for 40$ - even if that's a premium to the 35$ spot price, I still only pay TEN DOLLARS!"

I guess many of my customers are miners who dislike fiat money :-D

One of them has 5GH pointed my way, I send him 10 Silver Harmonics every once in a while. Thus we both even out our risks.

We try and keep prices as low as possible. Unfortunately our larger competitors are able to easily undercut our prices and are able to negotiate with shipping carriers a lot more readily. We do our best though, we try and pass as much of the savings from using Bitcoin to the consumer as possible.

Thanks,
-Jon

Thanks for the clarification. Nice to see such a good collection of precious metals, I also like the pleasant design of your site.

The only thing I don't like is the premium (including s&h), I made purchases from a few PM websites, I really think there should be some discount for bitcoin purchases... I am talking about BTC merchant sites in general.   

I have 1000 BTC Casascius Bitcoin gold rounds for $200 over spot. 1oz. Would offer a quantity discount.  You can order without the hologram if you just want the gold round, or with the 1000 BTC and hologram which makes it a real physical bitcoin (you of course must provide the 1000 BTC).

Photo as it will appear in Bitcoin Magazine:

Hey Bitcool!
We've been having some weird tax issues on our backend.
If you want to send me an email I can help you with a work around if you'd like to place an order without sales tax! My email is Jon [at] Coinabul.com
I believe that taxes are only being applied to certain geographical regions... We've only had this sales tax issue with about one or two orders thus far. We are trying to fix it!

I apologize for this small glitch. Hopefully this unfortunately error will not unjustly mar your opinion of our service. We are still a very secure service providing honest of pricing and superior customer support.

Thanks,
-Jon

Except Manitoba you pay PST there.

Kinda pricey...$44+ for 1 oz of silver...sheesh

that would be me, thank you good sir!

I do sell gold and silver.
I deal from my private stash (although I did register the endeavour with my tax authorities), which is pretty substantial.

please check me out: http://bitcoincommodities.com/ and also take a look at my savings plans!

bitcoincommodities.com

They also have plans where you can buy over gold and silver bars over a period of time.

marked

did you need to pay tax on your order? I abandoned the shopping cart when I saw sale tax added......

I have one set left of 5 rare Gold coins from Germany:
https://bitcointalksearch.org/topic/wts-5-gold-coin-proof-set-from-germany-848-price-updated-58753

OR


I've placed a couple orders with them now, shipping took about a week once the order was processed. You can get up to $1k worth for a decent shipping/insurance rate, once you jump over that its the next rate, so depending on your needs sometims its handy to stay under that and get more with your next order.

The variety of products is what atracted me, and various sizes should you need 1/10oz or 100oz.

www.BitcoinMint.US offers Silver, Platinum, Gold, Nickel & Copper American Eagles for purchase with Bitcoins in the US & Canada.

Check out our forum thread here.

looking to buy gold also

I'm looking for gold and silver also.