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Do any of you guys buy bullion and pay by credit card?
PerryHall
Posts: 47,810 ✭✭✭✭✭
Most of the bullion dealers take credit cards but you lose the cash discount and you have to pay a 3% or so premium. I can't imagine too many people paying by credit card with this penalty. I have one coin club buddy that pays by credit card but he is very impatient and figures that a credit card is safer.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
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Though, sometimes when I find good deals on small purchases or need to push the payment back to the next month, I use my cc.
<< <i>I usually pay with personal check, too much convenient. 3% in bullion is a lot.
Though, sometimes when I find good deals on small purchases or need to push the payment back to the next month, I use my cc. >>
i do to as well sometimes. i try not to cause of the 3% but it does come in handy
As stated, about 3% less with a check.
Longer to receive but worth the savings.
Stacking for longer term so never need them fast.
I have used CC with Gainesville my last 2 buys (I gave the wrong CC once & tried to change it the next day. They would not let me, so was a little mad about that as I'm working on getting Air Miles to take wife to Hawaii
With MCM can do a "direct bank to bank" transfer, so no extra cost like a wire fee, so that works best for me !!! (and great service!!!)
Blessings
On the flip side, using a CC ships faster and some CC's offer a point system. All about preference I suppose.
On the less common occasions when I purchase from Gainesville I use my credit card. The credit card rebate is 1.5% and I appreciate the extra 30-45 pays to pay.
https://www.pcgs.com/setregistry/gold/liberty-head-2-1-gold-major-sets/liberty-head-2-1-gold-basic-set-circulation-strikes-1840-1907/publishedset/15628
March of Time - 27 Centuries in Gold
https://coins.www.collectors-society.com/WCM/CoinCustomSetView.aspx?s=36590
<< <i>I have used CC with Gainesville my last 2 buys (I gave the wrong CC once & tried to change it the next day. They would not let me, so was a little mad about that as I'm working on getting Air Miles to take wife to Hawaii
With MCM can do a "direct bank to bank" transfer, so no extra cost like a wire fee, so that works best for me !!! (and great service!!!)
Blessings >>
Never heard of MCM. Did you mean MPM---Monarch Precious Metals?
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
<< <i>
<< <i>I have used CC with Gainesville my last 2 buys (I gave the wrong CC once & tried to change it the next day. They would not let me, so was a little mad about that as I'm working on getting Air Miles to take wife to Hawaii
With MCM can do a "direct bank to bank" transfer, so no extra cost like a wire fee, so that works best for me !!! (and great service!!!)
Blessings >>
Never heard of MCM. Did you mean MPM---Monarch Precious Metals? >>
Modern Coin Mart
<< <i>Always deal in cash, except for dealing with the U.S. Mint... then it is CC... Cheers, RickO >>
I'm with RickO here, same cash except for the mint.
"Money does not care about speeches on morality. Capital asks whether the rules will remain the same tomorrow. With inflation, people assume price is the problem, and propose regulation—but price is simply the message." - Martin Armstrong
<< <i>Always deal in cash, except for dealing with the U.S. Mint... then it is CC... Cheers, RickO >>
I assume that you are equating cash with a check unless you are dealing person to person.