Review: Penn Metals "Gift"

FPrice

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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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singleshot

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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.
 

rblong2us

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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 )-:
 

pmbug

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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.
 

singleshot

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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.
 
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pmbug

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Texas eliminated the sales tax on gold and silver back in 2013:
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-eliminates-sales-tax-on-precious-metals-coins/
 

singleshot

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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.
 

singleshot

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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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