Florida Gold Buyer Updates Premiums - 5/18/26 - Sentiment For Silver is At All Time Lows!!!

Added: 2026-05-18

[00:00:00]Hello fellow YouTubers. Today is May 18th, 2026. I am Brian with Vermillion Enterprises. We got silver sitting around $7560.

[00:00:13]Gold is around $4,540 per ounce and platinum came back to just under $2,000 per ounce. Obviously, very noticeable pullback last Thursday night into Friday. uh with regards especially to silver uh very interesting uh needless to say a lot of uh disgruntled uh customers I would say over that uh not just not customers in a sense just stackers in general people getting frustrated. I will say that these last four or five months with the big run up to $120 per ounce and then the subsequent full pull back down to I think it what went to 65 60 something 66 something like that and now back is up to $75 per ounce with regards to silver. It definitely feels like the level of manipulation is at an all-time high and that it's almost like the big banks who are controlling the price of silver is just toying with the market at this point. They run it up a little bit, get everybody excited, and they pull it, slam it back down, just sucking money out of the silver market every single time. And also it is unfortunately creating a uh a sentiment amongst the silver stacking community that is not uh is not good. Uh probably between Thursday, Friday, Saturday at least eight maybe 10 people came into the shop saying they're just done. They're just they're out.

[00:02:01]They're tired of the gross manipulation with no end in sight. uh with regards to silver and either completely liquidated their silver supply or started the process of doing so because their stack is pretty big. But literally just threw their hands up in the air and said, "I'm done." And uh I don't know if at the end of the day that's the right move. Uh obviously none of us have a crystal ball. We don't know what's going to happen. I do believe that throughout the summer we're going to see more downward pressure on silver. I do believe that. I don't know that, but it's definitely the vibe. It's definitely what I can tell you several of the very big players in the industry are anticipating for the summer. And uh so I don't know if that's the right move, but at the same time, I get it. I you know, I don't play around in the stock market at all because I don't understand it and it's obviously a contrived market. It is not a real u organic market. And so I get people not wanting to be involved with silver when it is obviously grossly manipulated and not organic really. It seems like on any level. So um you know if your decision is to uh go ahead and liquidate, we're here to help. We're going to run through our premiums here. No changes in premiums or inventory since last week. I think uh premiums have kind of bottomed out. Maybe silver eagles will wobble a bit, but nothing noticeable on that end.

[00:03:35]Talked to the major wholesaler that I've been dumping a lot of coin and bullion silver on Friday. Talked to him, asked him, "Hey, are we expecting to see any changes in premiums with regards to silver coinage bullion and the like?"

[00:03:50]He's like, "No, not as of right now. It looks like it's going to be pretty stable." So, that is great news. If we can at least have stability in the premiums, at least we know uh half the battle and can move forward accordingly.

[00:04:05]The wild swings, the violent volatility, if you will, in the price of silver, uh is a different story. But if your goal is to go ahead and liquidate your stack, your uh of silver, we're here to help.

[00:04:21]will ha will happily help in whatever size that may be, whether it's, you know, a couple tubes or if it's 5,000 ounces. So, whatever may be the case, we'll be happy to help and assist along those lines. And if you're uh if you're going against the stream and you think, hey, silver's going to run and we're going to get in now and you want to buy it, we'll be happy to help there, too.

[00:04:44]We have uh silver in stock ready to be purchased. I am dumping it uh at fairly quickly, but we are keeping some inventory in stock if you are interested. The big pullback on was the start of Thursday night went into Friday didn't hurt as much as uh big pullbacks have in the past because we've been uh just dumping material left and right as uh it's come in because demand retail wise is completely non-existent. So, it's just non-existent at this point. And uh that's kind of uh frightening, but it simplifies things here in the retail store. So, it makes things uh real easy. And uh that is uh we do definitely like that. Hopefully someday re uh retail demand picks back up, but with the blatant manipulation and uh volatility in the silver market especially, I can understand why it's not. So, uh, without further ado, we're going to run premiums here and inventory updates. Uh, one thing, all incoming packages that we have received in drop offs have been processed. Payment has been uh, initiated, sent out, or whatever you want to say there. We have a couple uh, packages to ship out that hasn't shipped yet that either got paid on Friday or over the weekend. So, those will all be going out today. So, we're on top of things here, folks. Keep taking advantage of that. Keep taking advantage of our premiums, and we'll be happy to help. All right, let's just run through these real quick. Nothing really new to update you here with, but we'll run them down and get you guys and gals on your way. Thank you. All right, US gold, we are buying 110 ounce gold eagles that melt plus 3%. We are out of them. If we get them back in the shop or when we get them back in, we'll be selling at plus 8%. Quarter ounce gold eagles, we do have those live in the shop in quantity. We are buying at melt, selling at melt plus 5%. Half ounce gold eagles are buying at melt minus 1% selling at plus 2%. 1 oz gold eagles and 1oz gold buffaloos were buying a spot minus 1%. We are out of buffaloos, but we are selling 1 oz gold eagles at the spot price of gold plus 2%. When we get buffaloos live in the shop, we'll offer them and we'll be selling them at plus 2%.

[00:07:09]All right. Fractional foreign gold such as LRA, pesos, sovereigns, duckets, marks, franks, coronas, gilders, and modern bullion coins being 1/10enth ounce, quarter ounce, and half ounce versions of maple leafs, Krueger ants, kangaroos, we buy at 98% of melts. Bars we buy at 98%. Now, if you have bars that are larger than 100 grams in size, we will still buy them at 98%, but they do go to the refinery first for verification, authentication. Most pre33 gold we pay 98% of melt on the five and $10 gold comms from the United States Mint 98% of melt on those 1 ounce 4in gold bullion coins such as maple leaves krugar ants kangaroos pandas nuggets branias philarmonics queens beasts and others we buy them at spot minus 1% if we ever have them live in the shop you can buy them at plus one but uh we do buy them ourselves at minus 1% trying to stay hyper competitive competitive on the foreign gold bullion along with US gold bullion.

[00:08:13]Platinum Eagles buying a spot plus $100 per ounce and selling that spot plus $150 per ounce. All right, junk silver coal silver dollars. Let me slide these into each other here. Get them a little closer, a little tighter. All right, we're buying at -9, selling at minus6.

[00:08:30]So common date Cole Morgan and P silver dollars. We have these in quantity if you'd like to purchase them. Buying at -9, selling at minus 6. Please do not ask for specific dates or types. That's not going to happen, folks. They are random. Junk 90. Expect quarters at this point in time. We are buying 1964 and before silver dimes, quarters and halves at minus 9, selling at minus6.

[00:08:59]Mostly quarters live in the shop. dumped everything on Friday. All right, junk 40 buying at minus12 selling at minus8 1965 and before silver Kennedy half dollars and then you can also include the 40% silver iikes they're just in the bag to keep them separated for so 40% silver Iikes and Kennedy half dollars buying atus 12 selling at minus 8 all right generic silver folks 999 silver 1 oz to 100 ounce size pieces is buying a spot minus 4, selling at the spot price of silver, plenty of rounds, plenty of 1 oz bars, plenty of 5 oz bars, some tens, kilos, and one lonely 100 bar live in the shop. Now, if you have pieces that are over 100 ounces in size, we will buy them, but we got to reach out to the refinery first to see what they are paying on those. All right? So, if you got 1 oz through 100 ounce 999 silver, we are buying at spot minus 4. Now, this is silver that's appropriately marked, folks. That means that it's marked 999 silver, 99 fine silver, something to that effect. And then the actual ounce size on it, and we're looking mainly for even ounce stuff. So 1 oz, 5 oz, 10 oz, kilos, 100 ounce, 50 ounce, not the uh we'll still buy the, you know, the odd garage pour type stuff, but uh if it's properly marked, but we're not to this is competitive price is more for the material that's clean. One, twos, fives, tens, uh 20s, uh kilos, 50s, hundreds.

[00:10:38]If you got stuff that's marked, for example, like 11.1 ounces, as long as it's marked 999 fine silver, we'll still buy it. If it's not, we're just going to kick it back to you. All right, folks.

[00:10:50]Now, silver eagles. We are buying retail friendly American silver eagles at spot minus $1 per ounce and sell them at spot plus two. These are solid date tubes of retail friendly silver eagles, meaning that each coin and tube is the exact same date and there are no milk spots, surface abrasions, or colorized uh issues with them. Now, if you do have silver eagles that are considered off quality, they could be they could have milk spots on them, surface abrasions, colorized, scruffiness in nature, overtoning. Even if they're in tubes, folks, we are going to price them as offquality silver eagles, which is spot minus $4 per ounce, and selling them at the spot price of silver. If you have silver eagle tubes that you're putting together and cleaning up, you know, those are going to be considered off quality, folks. So, just keep that in mind. We're looking for fresh, retail friendly tubes at minus1. If they're off quality, they do get priced at minus4.

[00:11:50]All right, folks. We are Vermillion Enterprises. We are open Monday through Friday, 9:00 a.m. to 400 p.m. Saturdays 8:00 a.m. till noon. If you're interested in making a purchase, uh we accept payment via cash, wire, zel, personal checks up to $7,500 with an up to two week hold. And then we also take scrap gold at 90% of its value and scrap 925900 uh coin silver at 75% of its value. So what are we talking about here? 8 karat 9 10 14 18 22 24 karat gold jewelry. We buy at 90% of its value. We can either cash you out or we can apply that towards the purchase of stackable precious metals at 90%. People take advantage of both options literally every single day. 8 karat 9 10 14 18 22 24 all of it's good folks. Class rings, chains, earrings, wedding bands, watch fobs, watches, money clips, pendants, sliders, brooches, cameos, bracelets, earrings, you name it. As long as it's carried of gold, we will buy it.

[00:12:58]Also sterling silver flatear, 900 fine uh silver flatear, hollowware, table wear, uh sterling silver rounds, tea sets, all that type of material. We will buy at 75% of its value. What determines the value on jewelry and flatear? Well, the weight of the material, the purity of the metal, and the price of gold or silver at the time of the transaction.

[00:13:25]We do ship throughout the country.

[00:13:26]$3,000 minimum order. Shipping and handling is free. If you're interested in making a purchase, please reach out to [email protected] or please uh come on into the shop. If you have uh general questions, uh reach out to [email protected].

[00:13:43]I do not recommend calling folks. We largely don't answer the phone anymore due to how busy we are at the counter.

[00:13:50]We only ship to your local FedEx ship center for you to pick up for your security and convenience. All right, guys. You have a great day. We'll be talking with you later. Thank you.