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Old 05-06-2016, 04:56 PM   #1
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Penn Metals "Gift"

A few weeks back I saw an advertisement from Penn Metals for Morgan Silver Dollars at what seemed like a good (not great but good) price. I ordered 10 because I wanted to have a few on hand and possibly use them for Christmas gifts to my grandkids.

I got 10 different dates from 1880 to 1904. For being 112 years and up old they were good, some wear but no damage.

As I was unpacking the other envelop inside I pulled out a heavy-duty clear plastic bill holder with what appears to be a free gift - a Series 1935 C $1 Silver Certificate. Well worn but intact with no tears or heavy folds. Probably not really valuable but I thought it was a nice freebie.
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Last edited by FPrice; 05-06-2016 at 04:59 PM.
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Old 05-07-2016, 04:42 PM   #2
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Nice to hear customer appreciation is not dead.
Thanks for the tip on Penn. I'm always looking for a new source.
I have looked through their site, prices are competitive, free shipping and no minimum purchase.
Competition is a beautiful thing.
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Old 05-07-2016, 05:09 PM   #3
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actually weve not heard from Penn for quite a while ...........

Hope he's ok and that his meds havent finally 'fixed' him )-:
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Old 05-09-2016, 08:36 AM   #4
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I actually had not heard of them before. Thanks for the reference. Here's their website: https://www.pennmetals.com/

Looks like they based out of Dallas, Texas. Another Texas based dealer. So glad Texas finally did away with that State sales tax on PMs.
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Old 05-09-2016, 12:53 PM   #5
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IMO, these limits that some states put on PMs is ALMOST as bad as taxing wages. It only hurts the little guy. I believe in Texas it is under $1000 is taxed, in California it's anything under $1500.
Truly an unfair tax. But if you watch any of Mark Dice's videos, where he does things like offer people on the street a choice of a 10 oz silver bar or a Hershey chocolate bar and he is left at the end of the day with his 10 oz silver bar and no chocolate... I guess there are scant few who realize this, let alone even know about it.
BTW, I just checked and it looks as though Texas STILL has a sales tax on PM sales under $1000.

Last edited by singleshot; 05-09-2016 at 01:03 PM.
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Old 05-10-2016, 08:28 AM   #6
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Texas eliminated the sales tax on gold and silver back in 2013:
Quote :
Landmark legislation, which went into effect Tuesday in Texas, completely eliminates all taxation of precious metals on the grounds that gold and silver can be considered a currency.

As of October 1, the sales tax levied on purchases of gold, silver and platinum bullion and numismatic coins in Texas is now eliminated. It is the first time that a state has expanded an existing sales tax exemption for gold and silver.

Previously, Texans were paying 6.25% on all precious metals purchases under $1,000, a tax that was considered especially burdensome to small investors. Gov. Rick Perry signed H.B. 78 into law on June 14.
...
http://www.mineweb.com/archive/texas...-metals-coins/
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Old 05-10-2016, 09:49 AM   #7
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Penn is making another offer on Morgan Silver Dollars:

https://www.pennmetals.com/1878-1904...eid=6a43af5c2d
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Old 05-10-2016, 11:47 AM   #8
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Originally Posted by PMBug View Post:
Texas eliminated the sales tax on gold and silver back in 2013:

http://www.mineweb.com/archive/texas...-metals-coins/
I stand corrected.
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Old 07-07-2016, 05:04 PM   #9
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I just placed my first order with PennMetals, we'll see how they do. One thing that impressed me, I could pay with an echeck on my first order. JM and Provident offered this after a few months of ordering.
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Old 07-25-2016, 11:41 AM   #10
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15 days and 2 calls to customer service only to be fed bs by incompetents. If anybody at Penn reads this, you need to train your customer service people a LOT better and improve the process because it's not working correctly.
15 days from order to delivery, comparatively, I placed an order with Provident while waiting for the Penn order to be processed and it only took 4 days from order to delivery, also an echeck payment.
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Old 12-09-2016, 06:50 PM   #11
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As of today, 12/9/16, Penn Metals is taking no more orders. According to the website, an unforeseen health issue with the owner has caused them to stop all operations.

https://www.pennmetals.com/

http://newzsentinel.com/gold-silver-...ss-operations/

I think I screwed up the links, anyway... too bad, I only made 2 orders with them but they had the best price on ASE and CSM on the interlinks.

Good news... I did NOT screw up said links : )
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