Why buy precious metals?
Do you have a minimum order?
Do you have a maximum order?
Can I change my order after my order is confirmed?
Please note that once an order has been placed it cannot be cancelled.
Will my prices change after I place my order?
Online orders are also binding. Your confirmed price will be accompanied by an email with confirmation number. You are responsible to cover any market losses should you choose to cancel your order.
Do you report my purchase to the Government?
Cash includes dollars, cashier’s checks and money orders.
What forms of payment does Miles Franklin accept?
- Bank Wire
- Certified check
- Cashier’s check
- Money order
- Personal check
We hold all certified, cashier’s, and personal checks for 7 business days. Wire transfers are the recommended form of payment because they allow funds to reach your account as quickly as possible. When an order is placed, we will provide you with our bank wire instructions. It will contain all of the information your bank or brokerage will need.
Do you have a holding period on cashier's checks, certified checks, and personal checks?
How quickly will you need my payment?
If I buy $10,000 or more of gold or silver, is it reported?
The Industry Council for Tangible Assets has developed Broker Reporting (1099-B) guidelines for precious metals and rare coins. This information is meant only to assist investors. For the most accurate reporting rules, please consult your tax advisor.
How is my order shipped?
What are the shipping, handling, and insurance charges?
Can you ship my order to a post office box?
Do you ship internationally?
Is my package insured while in transit?
How long will it take to get my package?
What should I expect when I receive my package?
Can I cancel my order?
If any market loss has occurred, Miles Franklin will invoice you and you will have 7 business days to pay the amount due in full. No future orders will be permitted until paid in full. Any market gain on cancellations shall remain the property of Miles Franklin.
How do I sell to Miles Franklin?
1. Call our Trading Department at 1-800-822-8080 and get our current prices.
2. Securely package your items. We can assist you by sending detailed instructions with boxes, labels, and packing material. We recommend you only ship packages via USPS registered and insured mail for your protection.
3. When your shipment is received by our warehouse your payment will typically be sent within 3-5 business days.
What happens if I don't send in the precious metals after a price has been confirmed?
Do you accept trade-ins?
Do you report my buyback to the Government?
|Reportable Item||Minimum Fineness||Minimum Reportable Amount|
|Gold Bars||0.995||Any size bars totaling 1 Kilo (32.15 troy oz) or more|
|Silver Bars||0.999||Any size bars totaling 1000 troy oz or more|
|Platinum Bars||0.995||Any size bars totaling 25 troy oz or more|
|Palladium Bars||0.9995||Any size bars totaling 100 troy oz or more|
|Gold 1 oz Krugerrand||as minted||Twenty-five (25) 1 oz coins|
|Gold 1 oz Maple Leaf||as minted||Twenty-five (25) 1 oz coins|
|Gold 1 oz Mexican Onza||as minted||Twenty-five (25) 1 oz coins|
|U.S. 90% Silver Coins||as minted||Any combination of dimes, quarters, or half-dollars totaling $1,000 face value or more.|
These guidelines provided by ITCA are subject to change at any time without notice.
If you have additional questions, please consult a tax professional for details on your specific tax situation.