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Bullion by Post: Selling Gold Safely Online

Selling Tips
Bullion By Post 2

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 and go. While many have 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 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 many 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 parcel 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 customers 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 ask 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

Many dealers are 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. You're looking for 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 reassurance, the concept of selling or buying bullion by post is still a step too far, you can still visit us to deal face to face. Our trade counter is open from 10 am to 4 pm, Monday through Friday. We're looking forward to serving you soon.

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Your questions answered

We've compiled a list of our most frequently asked questions. If there's something we haven't covered, please call us & we'll be happy to help. Read all FAQs.

Gold Traders has been in business for over 15 years and has always striven to offer clear and transparent pricing to its customers. We were the first precious metals company in the UK to acheive UK Trading Standards accreditation through their national 'But With Confidence' scheme.

You can post your bullion to us, or you can visit our secure counter. We pay our customers on the day we receive the bullion.

Gold Traders will purchase all varieties of gold, silver, platinum, and palladium bullion, including bars and coins. 

You can send your bullion by post or visit our secure counter. We pay on the day of receipt.

The recommended shipping method is via Royal Mail Special Delivery, which offers insurance up to the value of £2,500. 

Most bullion dealers had additional insurance to cover the additional value of a package, as it's not uncommon for the contents to exceed this. 

  • Genuine Valuation

    The prices quoted are the rates we're paying. Beware of companies that send 'free' envelopes.

  • Same day payment

    Visit our secure counter and we'll pay you today. If we receive your gold tomorrow, we'll pay you tomorrow (Monday to Friday).

  • Easy Returns

    If you change your mind within 24 hours, we'll return your items free of charge.