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CMIGS is a nationwide bullion buyer. Wherever you purchased your bullion from CMIGS is ready to buy them from you for a competitive and fair price.
As the oldest and most trusted precious metals firm in the United States, we take great care in getting you the best price for your products. With our 50+ years of experience, we have developed the safest and most secure practices for buying and receiving your product. Our non-commissioned brokers provide personal attention to answer questions and guide you throughout the buying process.
Ship your product through USPS Registered Mail. You insure $1,000.00 we insure the rest.
Call our non-commissioned brokers to assess your items and lock in your price.
Once product is received and processed, we send payment within 24 hours.
CARRIER
When shipping gold, silver, or any precious metals to CMIGS, we require the use of Post Office Registered U.S. Mail. Registered Mail is the safest and most secure way to ship valuables. However, because of the security involved with Registered Mail, delivery times can take longer than normal mail.
INSURANCE
You are only required to purchase insurance for the minimum declared value of $1,000.00. CMIGS’s insurance will cover the remaining value of the package up to $150,000.00.
The following is a slide show showing a step-by-step process for shipping your precious metals. Please note: CMIGS is not responsible for damaged products.
This slideshow provides step-by-step instructions on how to safely pack and ship your precious metals.
The only way to ship precious metals to CMI is via the United States Post Office, Registered Mail. Often the Flat Rate Boxes offer the lowest shipping rates; Registered Mail provides the greatest security.
For little cost, up to 70 pounds can be shipped registered mail to anywhere in the US. (CMI handles the insurance; talk with one of our brokers about the procedures.) However, for practical purposes, which will be explained later, you should not put 70 pounds of metals in a Post Office Flat Rate box.
Consider using the Post Office’s Flat Rate boxes to help reduce shipping costs. These highly reliable boxes are available for free at your local Post Office. The boxes are sturdy enough to handle gold, but they need to be reinforced for silver. The medium “shoebox” size is the most commonly used.)
The Post Office has two medium Flat Rate boxes
The Flat Rate Box best suited for shipping silver measures 11″X8.5″X5″ when folded for use. It is nicknamed the “shoe box.” As noted earlier, although the Post Office will take up to 70 pounds in a Flat Rate Box, Flat Rate Boxes are not suitable for shipping that much weight. We recommend no more than about 55 pounds to a box, which is $1,000 face value junk silver coins or eight 100-oz silver bars or 800 1-oz silver rounds.
Properly prepared, a Post Office Flat Rate box easily will handle $1,000 face value 90% coins (commonly called a bag of junk silver coins) or up to eight 100-oz silver bars.
A medium Flat Rate Box will also handle 750…
to 800 1-oz silver rounds in either bags or tubes.
Before the metal goes in the box, the box needs to be taped as we will show.
To properly tape a Flat Rate Box for mailing via Registered Mail, you need two types of tape.1″ wide filament tape, which can be purchased at all hardware stores and most supermarkets, and 3″ brown tape. Brown paper tape is a requirement of Registered Mail and can sometimes be found at the Post office or an office supply store.
The filament tape offers strength. Note that not only are seams taped, but so are the edges of the box.Applying filament tape on the seams is essential; applying it along the edges is almost as important. Apply it both places, along the seams and along the edges.
3″ brown tape must be put over the filament tape so that the Post Office clerks can postmark the package. This is done for tamper proofing the package.
The Post Office requires paper tape so that the ink will absorb. Ink will rub right off filament tape, and that is why the filament tape must be covered with 3″ brown paper tape.
Although tape on the outside of the box adds strength, the inside of the box should be taped as well. During shipment, the product shifts and if the box is not adequately taped, holes can be punched in the sides of the boxes. Bags of 90% and bags of silver rounds rarely cause holes to be punched in boxes. 100-oz silver bars, on the other hand, often punch holes in boxes that are not taped.
The canvas bags provide added protection for 90% coins, whether two $500 bags or one $1,000 bag.
Crunched up newspapers make great filling for the box. Do not use shredded paper or Styrofoam “peanuts.” Use old newspapers. Styrofoam peanuts and shredded paper result in nightmares when the packages are opened.
It is very important that 100-oz silver bars be properly packaged because if they are not, they shift inside the box. If the inside walls of the box are not reinforced with tape, the bars can easily punch holes in the sides of the boxes. Even when the inside walls of the box are taped, it best to properly package 100-oz silver bars.
Ideally, 100-oz silver bars are individually wrapped in newspaper before being put in the box. This helps mute the metallic sound of the bars when being handled in transit. Some bars have sharp corners. Unwrapped bars with sharp corners easily punch holes in the sides of boxes, even sides that have been reinforced.
When shipping a small number of bars, say four or less, wrap the bars with abundant paper and spread apart the bars, placing them along the sides of the box. This will minimize shifting. Do NOT concentrate the bars in the center of the box.
Eight bars are the maximum number you want to put in Flat Rate Box. Even when eight bars are in a box, there is still a lot of space that needs to be filled. Here again, old newspaper does the job.
Silver rounds in bags are easy shipments, much like junk silver coins, because the canvas bags help secure the rounds.
Here again, there are voids that need to be filled. Use crunched old newspaper.
Before putting tubes of silver rounds in the box, tape the lids. Use filament tape; regular Scotch brand tape does not have the strength to hold on the lids.
If you’re shipping forty tubes, which is, with 20 rounds to a tube, 800 silver rounds, it is an easy packaging job because the forty tubes just about fill the box, leaving only a little space that needs filling with old newspapers.
However, if you are shipping a smaller number of tubes, say twenty as shown in the photo, it is important that a “floor” be made with a number of the tubes and the remaining tubes be moved to the sides of the box to distribute the weight as much as possible.
As with 100-oz silver bars, it is important to stuff crunched newspaper in the extra space
Now the box is ready to be sealed, but before sealing it there is one more important thing to put in the box.
Ship to:
CMIGS
PO Box 60010
Phoenix, AZ 85082
Include your email confirmation:
For an extra layer of precaution in the case that the exterior shipping label gets damaged, simply print off your email confirmation and use it as a packing slip.
Rarely are there problems with registered mail packages, especially properly done. But, just in case the label gets ripped off and the Post Office has to open the package to find out where it is going (or who shipped it) this information is vital.
Secure top flaps and seams with filament tape.
Cover the filament tape with 3″ brown paper tape. It is important to note that the brown paper tape has to cover the seam completely.
While it is not necessary that the filament tape cover the seam completely, the brown tape must go all the way to the edge, completely sealing the seam.
Another tip about taping a Flat Rate Box for registered mail shipping. This is not acceptable to the Post Office. For registered mail, the seams have to be closed completely.
The Post Office website, www.usps.com, has a schedule of Registered Mail fees. You only need to purchase insurance for the minimum declared value of $1,000.00. In doing so, CMI’s insurance will cover the remaining value of the package up to $150,000.00. This helps to keep shipping costs down, but it also does not alert Post Office employees to the true value of the contents of the package. We can provide evidence of insurance documentation upon request. The Post Office takes checks and credit cards for shipping fees, which means you do not have come up with the cash before taking your silver shipment to the Post Office. However, the Post Office will not take “out of area” checks. So, it’s best to ship at your local post office if you plan to pay by check, or use a credit card. Still, the Post Office will gladly take cash payments for shipments. One final note: Often Post Office employees will try to save shippers money and suggest Insured Mail on shipments valued less than $5,000. It has been our experience that the small savings is not worth it. We’ve had more problems with the few insured packages that have been shipped to us than all the thousands of registered mail packages shipped to us. Always stick with Registered Mail.
CMIGS is strictly an investment grade bullion dealer and does not buy jewelry, silverware or flatware. We do buy junk silver coins, sometimes referred to as “Constitutional” silver. These are U.S. Mint issued dimes, quarters, and half dollars dated 1964 or earlier.
We only buy gold, silver, platinum, and palladium investment grade bullion bars and coins. We also buy old foreign and U.S. gold coins, though we are not numismatists.
We prefer to buy no less than 3 ounces of gold, platinum or palladium, and no less than 100 ounces of silver, however, there can be exceptions.
While we do not have a storefront, clients can conduct transactions with us locally. They will need to call in to make an appointment with a broker and bring their metals to our Phoenix, AZ office at their scheduled time.
Because Registered Mail is so secure, our insurance company provides us the opportunity to offer our customers up to $150,000.00 of coverage per package, provided they declare and purchase the minimum of $1,000.00 dollars insurance per package from the Post Office via Registered Mail, and properly address the package to CMIGS. Our experience with Registered Mail has been excellent. Since 1973, the U.S. Post Office has never lost an inbound package to us. Although the tracking system is ambiguous at best, and shipments can take up to 2 weeks, it is the most secure way to ship valuables. For more information and a copy of our insurance policy, please contact one of our brokers.
Because the bullion market fluctuates by the second, CMIGS locks in the price once the customer has agreed to the price quote. From that point forward prices cannot be altered. When a trade begins, the customer and CMIGS enter into a standard course of action and agreement. Once the price is locked in, it becomes a binding agreement, offering protection to both parties from market moves.
During periods of high volatility and for large orders, we may require the product to be shipped along with tracking numbers ahead of locking in the price.
Shipments do not necessarily need to be made on the same day, though it is preferred. We ask for prompt shipment within 48 hours of the price lock. The sooner you ship, the sooner you get paid.
CMIGS
PO Box 60010
Phoenix, AZ 85082
View our step-by-step slideshow above to help you pack your precious metal for shipment.
Once a package is received and processed an email is sent notifying the customer.
Because we require shipping via Post Office Registered Mail, we have recourse with the Post Office to investigate any missing packages. If a package is not recoverable, CMIGS will submit a claim to our insurance through Lloyds of London for reimbursement above the $1,000.00 insurance purchased through the Postal Office.
The bid price is set relative to the bid side of Spot at the time of the quote. Wholesale bids are used to determine the final quote and is based on supply and demand factors.
CMIGS offers payment via wire transfer or CMIGS business check. There is a $25.00 fee for wire transfers, but no fee for checks sent in the mail.
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