Providing a Unique Blend of Superior Benefits...
In addition to the 40 plus years of combined depository experience our staff has at First State, we offer an array of safekeeping and delivery services that feature a host of unparalleled benefits to both the certified rare coin and precious metals market sectors. These include:
Complete Safety and Security
First State's new, state-of the-art depository facility is protected by an ultra modern, UL Rated, multi-redundant security system, remotely monitored in realtime by security specialists, 24/7. Moreover, all customer assets are held "in custody” at First State (that is, off First State's balance sheet), and are insured through an all-risk policy underwritten by Lloyds of London.
A Convenient, Yet Strategic Operating Location
Located in Wilmington, Delaware, First State lies directly in the heart of the U.S. eastern business corridor, just a two-hour drive to New York City, the world’s most active commodities market. Thus, while held in an account at First State, our customer’s assets remain safely removed from the potential perils that exist in today’s world, yet conveniently positioned for quick delivery into the most vibrant commercial market on the globe.
Expeditious Transaction Execution
First State exists exclusively to meet the needs of its depository customers. With its many years of experience serving rare coin and bullion companies and investors alike, the First State staff understands their operational needs and is dedicated to meeting them quickly, accurately and completely.
Timely, Easy-to-Read Electronic Transaction and Account Reporting
First State provides its customers with daily transaction confirmations, detailed inventory reports, collateral holdings summaries, and a host of additional account data via e-mail. These reports can be obtained on a daily, weekly, monthly schedule, or upon request, in order to meet our customer’s specific needs.
Friendly, Professional Customer Service
Our mission at First State is to help our customers succeed. That is why we exist. Accordingly, we pride ourselves on cordially responding to, and working closely with our customers to help them fulfill their operational requirements in the most efficient and cost effective manner possible.
Highly Competitive Fee Schedules
As a customer of First State, you’ll not only have use of the widest range of depository services available in one location, you’ll also benefit from custody rates and services fees that are as competitive as those offered anywhere.
Delaware’s Tax Advantages
With your assets stored in an account at First State, you’ll enjoy many of the world famous tax breaks that Delaware offers its business constituents and local commercial citizens. Specifically, in Delaware there are no sales, personal property, inventory or commercial net worth taxes. Thus, there is no tax imposed on the payment of depository storage fees, as there is in NewYork, for example, and retail coin and bullion purchases made anywhere in the United States can be made sales tax free when those assets are shipped by the selling dealer to your safekeeping account at First State. Investors and commercial entities that take advantage of these Delaware benefits typically save many hundreds, and even thousands of dollars each year.
