FIRST Time Customers…Read This Page VERY Carefully.
1. Our goal - Is to provide great bullion products and options at very competitive prices in a tax free environment (more on that later). To our knowledge, we are the only dealer in Oklahoma with this specific option.
2. Minimums - Because of the very small margins in the gold and silver bullion industry, we do have minimum sized orders that must be placed. Anything less then our minimum results in our company making no profit, thus not being able to offer this service.
The minimum order on gold is $3,000. The minimum order on silver in 50 ounces. If you want to order gold and silver, the combined minimum purchase is $3,000. Basically, as long as you are ordering $3,000 of mixed bullion from us then we can do business.
3. Price Locks - When you receive a price quote from OKC Gold Buyers, that price is only effective for the same business day we spoke on. Since the market changes on an hourly bases, we cannot guarantee prices more then one day.
4. Type of Business - We are not a coin dealer, we are a bullion retailer. This means we do not keep any gold or silver in stock at our offices. We work with various wholesalers to fulfill orders. This is good for you because we always have product to supply you with. At times, certain products can be on back order, but we have yet to run out of product for customers.
5. Payment - Since we have to lock prices with our wholesalers (which creates a binded contract) we do not order your gold or silver until we have received your payment. Since price quotes are only effective for same day, we MUST receive your payment the same day you place an order.
6. Payment Options - We accept payment by bank wire only, with the following exception: If you order less then $10,000 of bullion and want to pay in cash at one of our locations, this is acceptable.
We do not accept credit cards or ACH payments because the money takes to long to hit our account which could potentially cost the customer money if the market goes up the next day.
7. Order Process - You will receive an instant invoice by email when you place your order. Payment instructions are located at the bottom of the invoice. You are locked into a price the moment you place your order. We require payment the same day. Once payment is received, the order will be placed.
8. Processing Fee - There is a processing fee of $49 on every order. This covers shipping, insurance and bank fees.
9. Sales Tax - If you live outside of Oklahoma, sales tax is not an issue. If you live inside the state of Oklahoma, by law, we have to charge sales tax on your order. HOWEVER, THERE IS A SALES TAX EXEMPTION for Oklahoma residents. For your purchase to be sales tax exempt, your items “must be stored within a recognized depository facility.” OKC Gold Buyers is a recognized depository facility. For further information on this topic, please call 405-425-9876. Here is a link to the law if you would like to read it: Sales Tax Law, See Part 42.
To open an account with OKC Gold Buyers, to take advantage of the sale tax exemption, click here.
10. Trading Hours - Monday through Friday 10am - 4:30pm. We cannot process orders on the weekend as the market is closed and we cannot lock prices.