Who do you buy from?
Good point on the sales tax. LCS doesn't charge that either.There a few reputable PM dealers that I have used, or can recommend:
I cannot recommend MCM if you live in Florida as they charge sales tax under $500.
I cannot recommend Northwest Territorial Mint as their shipping times are 2-3 months if you're lucky.
Right now, with precious metals prices held artificially high (remember the housing bubble?) is not the best time to buy silver or gold.
I have never bought for more than spot price - never and I never will. I have paid less than spot price but not often. The dealers get paid twice; the pay less than spot price and sell for over spot price. Some will deal others won't but you can find PMs for spot and sometimes less than spot by staying clear of brokers who charge at both ends.
As a former business owner, I assure you that I know any businessman needs to make money. That is why they buy below the spot price. You can buy internationally at the spot price so why pay a broker above that price? A good broker will see a devalued or deflated price and buy as much as he can at the low price. That way the profit is "built in" when you sell it at a higher spot price later on. If a broker buys when the price is high and it drops then he is either not very good at his job or he has to deal with the market just like all the other businesses out there.
If one store sells a gallon of brand "A" milk for $5 a gallon and another stores sells a gallon of brand "A" milk for $3.75 why would you pay $5 / gallon? Some people do - even when they are sold side by side - but I would rather pay less for the same thing. There are a lot of businesses that pay for "premium" brand name supplies for there product's manufacture. They do it for "bragging rights" and because when they mark up the price of supplies to make their product the 50% markup of the higher cost parts means more profit. I bought parts to build my products too but I found quality parts that were manufactured for the "brand name" suppliers that were the same quality at a quarter the price. The were just missing the re-stamp of the supplier. I made good money, supplied a quality product, and stood behind it even after the warranty period.
This is who I will be going to, They are just down in Inglewood so I will drive down and pick it up..... Thinking of buying their 500 Canadian Maple leaf bulk box.I used to buy from California Numismatics because they had good shipping. I have not purchased for several years, as I was fortunate enough to get my metal needs covered just as the price shot up. Usually, I do the opposite with my investments.