Bullion by post

Buying and selling bullion by post

On the face of it, the concept of sending your bullion by post to a remote Internet business like us seems a crazy idea! Hopefully, this article will serve to allay some of your fears and explain how our process works.

Should I send my bullion by post?

We’ve been in business since 2008 and have seen many postal ‘cash for gold’ / bullion dealers come & go. Whilst they always relied on paid Internet advertising and high profit margins (to pay for the advertising), we have steadily grown our business by paying excellent rates, staying small and lean to keep our margins low and offering an exemplary service.

Sending and insuring your bullion by post

The crucial element to a safe and efficient bullion sale is using the correct shipping method. Royal Mail Special Delivery is a very safe and secure method for shipping high value items. Over the 11 and a half years we’ve traded this way, we’ve never had a Special Delivery parcel disappear in transit, and we’ve dealt with thousands of parcels!

An individual Special Delivery can be insured to a maximum value of £2,500. If your coins or bullion amount to a greater value, you may want to consider splitting them across multiple packages. Some customer do this, many don’t.

When you take your package(s) to the Post Office, the counter staff will most likely ask you to disclose the contents. Sending bullion by post is perfectly acceptable, they’re asking to ascertain if you’re sending anything prohibited, such as batteries or blades.

Special Delivery is a guaranteed next day delivery service (Monday to Friday). If you ship a package on a Friday, you’ll be given the option to pay extra for a Saturday delivery, however we suggest you decline this option. Your package won’t be processed until Monday anyway and due to the relationship we have with our delivery office, we’ll likely receive your package on Saturday anyway.

Buying bullion by post

There are many dealers offering the opportunity for you to buy bullion by post. For most customers, price is the deciding factor. As gold is an internationally traded commodity, it’s easy to calculate the base (or ‘spot’) price for a coin or item of bullion.

Incidentally, if you want to know the spot price of a gold Sovereign, take a look here.

What you’re looking for is a dealer who can offer you bullion at the lowest margin over spot. We pride ourselves in offering some of the best prices within the market. Why not give us a call and see if we can meet your requirements?

Trade counter

If, after all our re-assurance, the concept of selling or buying bullion by post is still a step too far, then you still have the option of visiting us to deal face to face. Our trade counter opening hours are from 10.00am to 3.00pm, Monday to Friday and 10:00am to 1:00pm on Saturday.

We look forward to serving you in the near future.

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November 7th, 2019 No Comments » Selling Tips |