Make sure you also file a police report.
This. We have also started using FedEx for international shipments over $1,000. The costs are slightly higher, however the benefits are that we can ship orders more securely to more locations all over the world. International shipments are insured up to $150,000 to some countries. We have also added a JSON API for anyone who wants to use it. It includes BTC, gold, silver and EUR. You can find it here: http://amagimetals.com/exchangerates.phpThank you everyone! |
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I hate to keep having to ask this because I know it starts sounding like a broken record but is there any change in the progress of getting cases up for sale, especially for the 1oz silver eagle and silver maple leaf coins? I realize that getting cases can be a pain, doubly so because each coin is of slightly different size (40.6mm and 38mm x 3.29mm respectively for the Silver Eagle and Maple Leaf 1oz rounds) but considering that those two must be your best selling coins, if not your overall best selling products, they'd be nice to have.
I'm still holding off on ordering until I can get cases through Amagi or I'm told that the plan has been dropped. Considering how good Amagi has been in the past I really hope that they haven't given up on this because it's a win for the customers and Amagi.
We actually have them in stock now, we just have not listed them yet! They fit silver rounds and silver Maple Leaves, but not Silver Eagles. We just made a listing for you here: http://www.amagimetals.com/collections/1-troy-ounce-bullion-round-airtight-capsule-airtite-case-for-one-troy-ounce-silver-rounds.htmlHowever we have not added the dimensions or images yet. |
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Do you guys have plans to start accepting litecoin? Also can you explain irs reporting rules. I know if you make a purchase under 5k most places don't report it. What if you make 10 small purchases and say the total is 15k are there any rules for reporting total amounts?
It's IRS Form 8300 for orders over $10,000 in a one year period. The way we interpret it is that you must fill it out if you buy $10,000 worth of coins with bitcoins. However you do not need to fill it out if you buy rounds or bars. I think the question was, do you consider payments via BitPay to be cash? We are not planning on accepting litecoin anytime soon. The $10,000 rule is $10,000 in cash in any 12 month time-frame. We accept bitcoins, and BitPay is our bitcoin processing company. If you spend over $10,000 in bitcoins for legal tender coins (Maple Leaves, American Silver Eagles, gold buffalos, gold eagles, or gold krugerrands) then we must fill out IRS form 8300 because you are buying currency (monetary gold/silver) with bitcoins. If you spend over $10,000 in bitcoins for rounds, medallions, bars, or bullion not considered legal tender, then you do not have to fill out IRS form 8300 at this time because you are not buying currency. If you spend over $10,000 with cash or cashiers check on any product, then you do have to fill out IRS form 8300 at all times. If you pay with credit card, bank wire, or personal check, you can spend any amount without having to fill out IRS form 8300. However we do not accept credit cards over $10,000, and personal checks over $20,000. For credit card orders over $1,000 you may have to send us a picture of your license, or other identifying information to protect our customers from stolen credit cards or other forms of fraud that is rampant in the credit card industry. |
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Their shipping is also $19-25 when you purchase an ounce of silver from APMEX. Ours is $2-3. They also do not take bitcoins. Did you look at the prices yourself?
One 2013 American Silver eagle:
APMEX: $30.56
Amagi Metals: $29.28
Maple Leaf:
APMEX: $30.57
Amagi Metals: $29.52
Go over and look for yourself!
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Do you guys have plans to start accepting litecoin? Also can you explain irs reporting rules. I know if you make a purchase under 5k most places don't report it. What if you make 10 small purchases and say the total is 15k are there any rules for reporting total amounts?
It's IRS Form 8300 for orders over $10,000 in a one year period. The way we interpret it is that you must fill it out if you buy $10,000 worth of coins with bitcoins. However you do not need to fill it out if you buy rounds or bars. |
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You guys also need to get better dealers $2+ over spot is fairly expensive, you need to be around $1.5 or lower.
Not with the silver shortages. Which reputable online dealer has prices $0.50 less than us? |
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Thank you everyone for your patience. We are getting orders out the door ASAP!
We have just joined a new dealer network. All of our silver prices have dropped. Our silver prices are extremely comparable to other online eCommerce dealers. The only downside is that shipping times on silver products are still extremely delayed. ASE delays are 6 weeks. Delays on silver maples, 4 weeks. AOCS products, 2 weeks.
We do have an update though. We will be selling the Austrian Philharmonic Silver coin starting Monday! Even with all the delays we have decided to introduce this new product because the delays are much shorter than some of the other coins (2 weeks), and we have received many requests to sell them.
We also have plastic airtight capsules now available, they are not listed on our website yet, though.
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As of 4/27/2013 Amagi Metals hits $750,000 in bitcoin sales for the month of April.
Thank you to our amazing customers for your business. You have helped us lower our prices and hire additional staff. We can directly attribute the creation of jobs to the bitcoin community. You guys rock!
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Hello from Denver! As a Denver business we saw this and thought it was a pretty cool idea.
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Thank you for the feedback. To give you an idea of what we do:
You place the order
We see the order and print off a packing slip and shipping label
The tracking number automatically gets uploaded to your order number
The packing slip and shipping label goes into the queue for the shipping department
We package the shipments and put the packing label on them in the order that they were placed (unless you ordered something such as a pre-order)
They go off the to Post Office
The bottleneck has come from the large number of orders that have been placed. This has created a longer shipping queue than normal. However we have hired additional employees to address this. Once we are all caught up on orders, the tracking numbers will start updating within a business day of uploading to the website.
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Excellent job! Thank you for your work.
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These guys are the bees fuggin knees,
ordered a very big order of 5000 USD+ in btc and received the order in perfect vacuum sealed condition, there was slight delay but I was ready for this and am so happy with my order words cant express fully how pleased I am with AM,
honestly there couldnt have been a better and more honest company that took on the load of BTC->Metal Dealers and the team deserves every bitcent being thrown at them
Do not hesitate, seriously dont, you are more than safe when dealing with Amagi, what else is there to say? im ordering more gold right now because these dudes/ladies do it right and one cannot ask or hope for better,
10/5 gold stars sir
You are too kind. Remember, it's a two way street. We wouldn't be here without you guys, so thank you for being such awesome customers. |
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I am not sure what BFL is
ButterFly Labs. An company that is selling ASIC bitcoin miners and is months if not a year overdue on shipping out paid orders. Got it. Bitcoins are still only a fraction of our business, although it is starting to become a larger minority. I understand that there are big trust issues in the bitcoin community because one cannot charge-back, however we are getting orders out! All new, non-AOCS silver products have delays between 3-8 weeks now among all precious metals dealers, including us. AOCS products have delays of 3-5 weeks. If you would like faster orders, we recommend gold. The only gold coins difficult to come by right now are the gold buffalo's however that could change at a moments notice. Thank you everyone for your business! |
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I sure am pissed about my order. I ordered on the 11th of April. BEFORE the HUGE bullion price drop.
It is now the 23rd. I've been promised that my order is shipping in just the next few days SINCE the 11th of April. Yet, nothing.
I get to eat the huge bullion drop. They are blaming the delays on the bullion drop, they have sooooooo many orders now, they can't keep up. What the hell does that have to do with my order? I ordered before that. You should ship mine first, or refund me the bullion price difference if you don't have it in stock.
I'd like a more sincere response than the whole, it will ship in the next couple of days. Because every single one of those emails has been a lie. You're starting to sound like BFL. Shipping next week!! It sounds from others on here, I'm not the only person being jerked around.
I am not sure what BFL is, however there are huge delays on all products and it's not an Amagi Metals thing, it's an issue with all precious metals dealers currently. In fact entire bullion exchanges are out of gold and silver: http://libertyblitzkrieg.com/2013/04/19/chinese-gold-silver-exchange-society-runs-out-of-gold-importing-from-switzerland-and-london/We have however, been shipping out thousands of ounces of gold and silver per day and customers are receiving their orders. Thank you for your patience and understanding. |
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Now in stock and shipping!
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Catching up on orders! Our new staff has been quite helpful with this.
Getting large amounts of silver Maple Leaves, Gold Pamp's, Freedom Girls, and Slave Queens out the door. We have started offering 5 gram gold bars, however they sell so fast we can't keep up with the orders. Thank you everyone for you patience and support.
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Thank you everyone for your support and business! We have changed the way we handle customer support inquiries to increase response time. If you have a question or comment, please send us an email to: support@amagimetals.com. At this time we are able to respond to all inquiries within 1 business hour. If you place the inquiry after 5pm, MST, it will be answered on the next business day, unless one of our customer service representatives has no life outside of work (quite a possibility), then you will receive a faster response time. Our new staff is amazing! We are slowly catching up on orders. Please note for future orders that there is still a delay on Silver Maple Leaves and American Silver Eagle's as the Royal Canadian Mint and US Mint are stop and go with the sales of these to catch up on production as this is a record sales year for these silver coins. This is not an Amagi Metals thing, but an issue that many dealers are having to face recently. Our 1800 will be back up and running starting Friday morning! |
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Will Amagi Metals ever incorporate Litecoin as a form of payment? I would gladly buy in Litecoin instead of Bitcoin since Litecoin is more resilient to price changes and has faster confirmation.
As of right now we are not accepting litecoin, thank you for the suggestion. All orders placed with us now have a shipping delay of 10-15 business days. This is not just an Amagi Metals thing, this is all online precious metals dealers. We have been SLAMMED with new orders from the fall in market prices. Orders placed before this weekend should be rolling out by the end of this week and early next week. Thank you everyone for your orders. This has been one wild ride! Someone asked us to offer cases and airtights. We are still working on getting them offered. Our 1800 number will be down again tomorrow, however you can reach us at info@amagimetals.com and all emails will be answered. |
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Amagi...ordered on 4/7...status is still 'received payment'....any insight on why it has not been shipped?
What was your order? Send us an email at info@amagimetals.com. Yes, we received almost $400,000 in bitcoin sales over a few days time. Very unexpected and it has put a delay on shipments. We have hired additional help, a full time employee starts today! Our 1800 number will be down today because of training, however you can contact us at info@amagimetals.com and receive a response within a few hours. Thank you everyone for your patience and understanding! |
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