One of the major reasons for the growing demand for precious metals in recent years is the economic uncertainty looming over the global economies.
Factors such as the Russia-Ukraine war, the Covid-19 pandemic, rising inflation, and other uncertainties have prompted individuals to turn to gold and silver as a means to diversify their investment portfolios and safeguard their savings.
With numerous online bullion dealers offering silver and gold bars and coins, potential investors have many options to explore. Bullion by Post stands out as one of the largest dealers in the United Kingdom, consistently generating millions in revenue each year.
In this Bullion by Post review, we will explore what the company has to offer, including its products, storage options, shipping details, and more. We will also go over whether it is a scam and provide answers to frequently asked questions to help you make an informed decision.
Let’s get started!
Advisory! Prior to diving into this review, we’d like to stress that at Investors Circle, our mission is to protect your wealth. We know that our research reports may alter your investment decisions, so we want to be 100% sure you are investing your hard earned money with the right company!
With this in mind, we urge you to check out our list of the top five companies in this space (we found 1 that fits 99% of investors needs)
>> Click Here To View Our Updated List of the 5 Best Companies <<
See if Bullion by Post made our list this year, or continue with this review below to see if they are possibly the right company for your investment needs.
Located in Birmingham, United Kingdom, Bullion by Post is an online bullion dealer specializing in delivering gold and silver coins and bars to private UK investors through postal services. According to its website, the company offers precious metals at low margins and is the largest online gold dealer in the country.
Founded in 2009 by Rob Halliday-Stein, Bullion by Post achieved a single-day sales record of £4.4 million in 2014. Recently, the company surpassed its previous record by generating £5.6 million in revenue.
The website claims to have more registered customers than the entire population of Oxford City and offers over 3,000 bullion and numismatic products.
In 2021, the company became a member of the Numismatic Guaranty Corporation (NGC), enabling customers access to coin assessment and grading services, as well as expert customer support.
While Bullion by Post is primarily a UK online bullion dealer, it has expanded its services to customers outside the United Kingdom and now caters to potential investors from the US.
If you wish to buy gold or silver coins or bars from Bullion by Post, follow the seven steps mentioned below:
To begin purchasing precious metals with Bullion by Post, the first step is to register on the company’s user-friendly website. Click on the registration link and provide the required information, including your name, contact details, and address.
By registering with Bullion by Post, you gain access to a range of features and benefits, including 24-hour access to precious metals and an alert service that notifies you when the prices drop. You can take advantage of a purchase history to analyze your investments, monthly insights on the precious metals market, and other exclusive offers.
Once you have successfully registered, you can explore the extensive collection of gold and silver products available on the company’s website.
Browse through the vast selection of coins, bars, and other precious metal items, and click on a product to view more details about it.
When you find the products you wish to purchase, simply add them to your virtual shopping basket by clicking the “buy” button.
After adding your desired items to the basket, proceed to the checkout process. At this stage, you must select a delivery option that best suits your needs.
The company offers two options to all registered members. You can choose to have the precious metals safely delivered to your home, or you can opt for Bullion by Post to store them at a secure storage facility on your behalf (only available to UK investors).
If you choose the latter, there are storage costs that you must pay. I will discuss more on that in the later section of this review.
Depending on your order, you may have the following shipping options available:
Royal Mail Insured delivery (Free)
FedEx Express Upgraded Delivery (Insured)
FedEx Express Delivery (Insured)
UPS Express Delivery (Insured)
Once you have selected your preferred delivery option, it’s time to choose a payment method that best suits your needs. Currently, Bullion by Post offers a range of convenient payment options, including the following:
Debit and credit cards: You can use this payment option if your total order value is below $15,000. Please note that there is a 3% surcharge on all card payments. The company accepts all types of Visa and MasterCard debit and credit cards.
Wire transfer: This payment option is available for all orders below $25,000. There is no surcharge, and customers have 24 hours to initiate the wire transfer. However, it is important to note that depending on your bank, it may charge you a fee for this service.
Checks: If you choose to pay by check, you must send it to the company’s office address in Birmingham (Centre City Tower). Make sure the check is payable to “Jewellery Quarter Bullion Limited.” Please note that this payment option is only available for customers from the United Kingdom.
If the value of your shopping cart exceeds $25,000, you will need to call the helpline number to place the order.
Bullion by Post provides real-time pricing, allowing you to secure the current rates. Before finalizing your order, it is essential to review it before proceeding.
Once you have reviewed your order, you can proceed to the next step.
To confirm your order, you need to click on “lock prices,” which will provide you with five minutes to complete the payment. The website offers clear instructions on how to proceed with the purchase depending on your chosen payment method.
Bullion by Post prioritizes the security of your transactions and employs robust measures to safeguard your financial information throughout the payment process.
The company processes payments through bank transfers, credit cards, or debit cards instantly and confirms the order automatically.
After successful payment, Bullion by Post will promptly process your order. You will receive a confirmation email, and the company will arrange for the shipment of your precious metals.
Bullion by Post will securely pack and dispatch to the delivery address you provided during registration. Now, all you need to do is sit back and wait for your order to arrive.
Bullion by Post has an extensive range of product inventory which includes the following:
This precious metals dealer offers a wide selection of pre-owned and new gold bullion, primarily in the form of 24-carat bars. The following are some of the best-selling options, according to the website:
1-gram gold bars
2.5-gram gold bars
5-gram gold bars
10-gram gold bars
Multi-pack gold bars, and more.
The gold bars that are available for sale on the company’s website come from London Bullion Market Association-approved refiners, including Umicore, Metalor, PAMP Suisse, and Heraeus.
Bullion by Post provides a diverse range of products in various sizes, ranging from 1 gram to 12.5 kilograms. This is great as it caters to all types of investors and budgets.
As an authorized distributor of the Royal Mint, Bullion by Post offers a variety of gold coins, which include the following:
Royal Mint Gold Lunar Series, and more.
The company also offers popular silver bars, including the following:
5-gram silver bars
10-gram silver bars
1oz silver bars
50-gram silver bars
Multi-pack silver bars
10oz silver bars
If you’re interested in purchasing silver coins from Bullion by Post, here are some of its best sellers:
Australian Koala, and more.
According to IRS regulations, investors can actively choose to invest in physical gold and other precious metals and retain them within a self-directed individual retirement account (IRA). However, it must meet specific fineness requirements before you can add them to your IRA.
It is important to note that Bullion by Post solely facilitates investors with the purchase of precious metals. The company does not provide assistance in setting up an IRA as it functions as an online gold and silver dealer and not an IRA custodian.
Bullion by Post ensures the prompt delivery of customer orders by collaborating with UPS courier service, Royal Mail, and FedEx. Dispatchers handle orders between Monday and Friday, with orders placed after 2 PM on a Friday dispatched on the following Monday.
The chosen shipping option determines the shipping time for your package. Typically, an order takes two to three days to reach New York and New Jersey and approximately four days for other parts of the United States. In the event that you are unavailable to receive the parcel, the postal company will transfer the package to its sorting office for collection or re-delivery.
Since Bullion by Post dispatches orders from the United Kingdom, it provides customers with a tracking number to help them monitor their package’s status.
What’s great about purchasing from Bullion by Post is that the company offers free delivery on all products shipped to the United States.
All orders require a signature upon delivery, ensuring that the precious metals get delivered to the right person. The company also works with Lloyds of London to provide up to $50,000 of insurance coverage for all packages dispatched to the United States.
However, it is important to note that once you have signed for the delivery, the insurance coverage ceases to exist, and the company will not be responsible for anything that happens to the parcel.
Since you are purchasing a product from outside the United States, it is important to note that your package may be subject to US import duties.
Bullion by Post is unable to collect sales taxes prior to the delivery of the products, which means that you will have to clear the payment of any applicable taxes in order to receive the goods.
Additionally, there is a California State Purchase Tax that applies to orders below $1,500. According to the company’s website, it does not have a tax permit from the State of California. As a result, Bullion by Post does not accept orders below $1,500 from customers in California.
Unfortunately, customers from the United States do not have access to storage options provided by Bullion by Post. However, the company does offer registered UK customers the opportunity to benefit from free storage for up to six months if their orders amount to £2,500 or more.
By partnering up with Brink’s, Bullion by Post offers individually segregated and fully insured storage solutions with free delivery. The storage facilities undergo independent audits conducted by Rödl & Partner, ensuring the utmost security and reliability for customers’ precious metals. This meticulous approach grants customers peace of mind, knowing that their valuable assets are in safe hands.
Customers with orders below £2,500 are subject to a monthly storage fee of £10. The company charges this on a monthly basis (in arrears).
Bullion by Post has a great reputation, and according to the company’s website, it is the largest online gold and silver dealer in the United Kingdom. There are several benefits of purchasing from this precious metals distributor, including the following:
In 2021, Bullion by Post expanded its customer service operations, ensuring prompt assistance via email and phone seven days a week, from Monday to Sunday, between 7 AM and 10 PM GMT.
However, it’s worth noting that live chat support is not available. If you have any questions or concerns, you can reach out to customer services at email@example.com, and the company’s dedicated representatives will respond within one business day.
Bullion by Post provides free insurance coverage of up to $25,000 on all orders shipped to the United States. To ensure consumer protection, the company may dispatch orders in multiple shipments if the total value exceeds $25,000.
With the products shipped from Birmingham, the company offers fast delivery. You can expect to receive your order within approximately four working days, depending on the shipping option you choose. However, it is important to note that the delivery times may vary depending on the courier service.
As stated on its website, Bullion by Post offers products with low margins, aiming to remain competitive and provide exceptional value to its clients. What sets Bullion by Post apart is its transparent pricing and fee structure, eliminating concerns about hidden fees.
With everything clearly in the open, investors can make informed decisions without any surprises.
Bullion by Post strives to create a stress-free buying experience. Once you’ve registered an online account, you can easily browse through the company’s selection of precious metals, filter them according to your budget or preferences, and make instant purchases.
To accommodate various investors, Bullion by Post accepts multiple payment options, including checks for customers from the United Kingdom, which many elderly investors prefer.
The Bullion by Post website prioritizes user-friendliness. It presents real-time prices of precious metals, enabling investors to stay informed and make the right decisions.
Moreover, the website offers a variety of helpful resources, such as investment guides and price charts, to provide guidance and support.
When you’re looking to purchase precious metals or make a financial investment, it is crucial to conduct thorough research and due diligence on the company. One of the most reliable ways to gauge a company’s reputation is by examining the reviews left by its customers on various platforms.
On Trustpilot, Bullion by Post has received 2,577 reviews from previous customers, with an impressive average rating of 4.9 out of 5 stars. An overwhelming majority of 93% of these reviews awarded the company five stars, indicating a high level of satisfaction with the service provided.
eKomi, a prominent UK-based company that collects product and customer reviews, has over 23,890 reviews for Bullion by Post on its website, with an average rating of 4.8 out of 5 stars. 98.96% of the reviews are positive. Bullion by Post has the prestigious eKomi gold seal of approval.
Bullion by Post is not a scam. It is a legitimate online gold and silver dealer based in the United Kingdom, with its office located in Birmingham. The company enjoys a strong reputation among its clients.
Bullion by Post is an excellent online precious metals dealer operating from the United Kingdom. It offers a wide range of products and provides fast, insured delivery to its customers in the United States.
However, it’s important to note that customers may encounter import duties on their orders, which can be a hassle and increase the purchase price of precious metals.
While Bullion by Post is a legitimate company and provides great service, it may be more convenient to work with local dealers who can better cater to your specific requirements.
Choosing a precious metals company within the United States can provide a stress-free investing experience. Moreover, there are numerous local bullion dealers that not only offer products for sale but can also assist you in setting up an IRA or facilitating the rollover process.
Due to stricter anti-money laundering regulations enforced by HM Revenues & Customs, Bullion by Post does not accept cash payments, even at the company’s trade counter.
Since the company stores the precious metals at a secure storage facility in Zurich, there is no VAT. However, VAT is applicable on deliveries of physical precious metals requested later on. This is only for customers from the United Kingdom.
It is important to check the product photograph or read its description, as not all products come with an assay certificate. However, all of the bullion bars and coins come from notable refiners across the world.
The company offers a referral scheme where you provide the email address of the person you wish to refer to Bullion by Post.
Upon signing up, they will receive a free 1oz Silver Britannia coin when they spend $300. As a referrer, you will also receive a free coin on your next order valued at $300 or more.
By partnering with multiple postal services, Bullion by Post is able to deliver across the United Kingdom, including the Channel Islands of Guernsey and Jersey.
Additionally, due to recent expansion, the company caters to customers from the Republic of Ireland, France, the EU, and the US.
The company incorporates all fees into its prices. In the event of any price changes resulting from real-time fluctuations, the website will notify you before you can confirm the order.