General Information
BullionByPost is a UK-based online bullion dealers, and it is a part of Jewellery Quarter Bullion Limited (JQB). The BullionByPost service was launched to offer private UK investor to buy bullion at low margin ideal for investment, and it has expanded the service to mainland Europe. BullionByPost is a fully authorised distributor of gold and silver bullion from Umicore, Heraeus, PAMP Suisse, Metalor, Scottsdale Silver, and the Perth Mint.The company is also a Royal Mint authorised bullion distributor,with current year coins sourced directly from their plant in Llantrisant, Wales.
Opening an account with BullionByPost involves registering as a new customer by providing an email address or logging in as a returning customer. The account details, personal information, and contact details are required, including title, name, date of birth, address, and phone numbers. Customers need to agree to the terms and conditions before submitting the account registration.
BullionByPost also offers a selling service for gold, silver, and other precious metals. Customers can sell their items at market-leading prices by contacting customer service to lock in the price. The metals must be posted within five working days to guarantee the fixed price, and payments for the sold items are made through BACS within three working days of BullionByPost receiving the items.
The platform provides various trading tools, including metal price charts, metal ratio charts, and LBMA price fixings, to assist investors in monitoring and analyzing metal prices. However, advanced technical analysis tools and customization options are limited.
Payment options include debit/credit cards and bank transfer, with a wide range of accepted cards. BullionByPost offers free insured delivery for all orders, and tracking options are available for customers to monitor their parcels. Customer support is available through email and telephone, with separate contact details for sales, support, and media inquiries.
Pros and Cons
BullionByPost is a broker that currently lacks valid regulation, which poses potential risks for customers. While they offer a diverse range of market instruments, including gold and silver bars, coins, platinum, palladium, collectible coins, and accessories, limited information is provided about the quality of their products. They regularly update their offerings with special deals, but pricing may vary based on quantity, and details about buyback policies and resale options are not transparent. The trading tools provided by BullionByPost, such as metal price charts and LBMA fixings, can be helpful for monitoring metal prices, but advanced technical analysis tools and customization options are limited. They accept various debit and credit cards for payment, but additional bank charges may apply for non-Euro account holders. Free insured delivery is offered, although there is a weight limit per parcel, and delivery times are subject to occasional delays. Customer support is available via email and phone, with separate teams for sales, support, and media inquiries. It is important to approach BullionByPost with caution due to the lack of regulation and limited information provided.
Is BullionByPost Legit？
BullionByPost does not currently have valid regulation. As a result, caution is advised when considering their services due to potential risks associated with dealing with an unregulated broker.
Product Offerings
BullionBy Post offers a range of bullion products including gold bars, silver bars, gold coins and silver coins, as well as platinum and palladium products and an array of help tools for understanding the bullion market.
Gold Coins: BullionByPost provides various gold coins such as Gold Sovereign, Gold Krugerrand, and 2022 Gold Brit. Prices for these coins may vary based on quantity.
Silver Coins: They offer Silver Britannia, Silver Maple, and 1oz Silver Coins at different price points depending on the quantity.
Gold Bars: BullionByPost has gold bars available in different sizes, including 1 Ounce, 100 Gram, and 1 Kilo. The prices for these bars are quantity-dependent.
Silver Bars: They offer silver bars in sizes like 100 Gram, 1 Ounce, and 5 Kilo.
Gifts: BullionByPost provides unique gift ideas in solid oak boxes, with options in both gold and silver items.
Platinum Bars: They offer platinum bars, including 1 Gram, 50 Gram, 2.5 Gram, and 5 Gram options.
Collectible Coins: BullionByPost offers rare and valuable numismatic coins, graded coins, monarchs, and sovereigns.
Platinum Coins: They also have platinum coins available, including coins from the Queens Beast series, Isle of Man Nobles, and others.
Palladium Bars: BullionByPost stocks PAMP palladium bullion bars in sizes such as 50 Gram, 100 Gram, 1 Gram, and 2.5 Gram.
Gold Proof Coin Sets: They provide a wide range of gold proof coins and box sets, including limited edition sets and coins from various years.
Bullion Refiners: BullionByPost sources its stock from LBMA-approved bullion refineries such as The Royal Mint, Heraeus, Nadir, and Scottsdale.
Accessories: They offer coin capsules, coin tubes, and gift boxes to fit most of the coins and bars available on their website.
How to Open an Account？
To open an account with BullionByPost, follow these steps:
Visit the BullionByPost website and click on the “Register Now” or similar button to begin the account opening process.
2. New Customer: Provide your email address to register as a new customer. By registering, you gain access to benefits such as placing orders online anytime, viewing order status, receiving email price alerts, and market updates.
3. Returning Customer: If you are a returning customer, enter your registered email address and password. If you have forgotten your password, there should be an option to recover or reset it.
4. Account Details: Fill in the required information, including your email address (for new customers) or password (for returning customers). Choose the account type (Personal or Business) and indicate where you first heard about BullionByPost.
5. Your Details: Provide your title (e.g., Mr., Mrs., Ms.), first name, last name, and date of birth. Make sure to fill in all required fields.
6. Contact Details: Enter your country (e.g., Germany), address, postcode, city, county, and phone numbers (at least one valid phone number is required). Use the address search function if available to find and fill in your address details accurately.
7. Agree to Terms and Conditions: Read and agree to the BullionByPost Terms and Conditions and Privacy Policy.
8. Once you have filled in all the required information, review the details to ensure accuracy and completeness.
9. Click on the “Submit” or similar button to complete the account registration process.
Selling Service
BullionByPost offers a selling service for gold, silver, and other precious metals. Customers can sell their gold and silver coins, bars, and scrap metals at market-leading prices. The process begins by contacting customer service to lock in the price of the items. Although the sell back option is currently being worked on following EU trade regulations, customers can still obtain quotes based on the live market price.
To proceed with the sale, customers are advised to post their metals the same day to keep the locked price. It is recommended to use insured postage through national postal services or trusted courier services. The metals must be received by BullionByPost within five working days to guarantee the fixed price. Delayed posting may result in a lower price offer if the market price has fallen.
Payments for the sold items are made through BACS (Bankers' Automated Clearing Services) and are deposited into the customer's account within three working days of BullionByPost receiving the items.
BullionByPost offers different prices for various types of gold and silver items. Gold bars, gold coins (such as Gold Sovereign, Gold Britannia, and Gold Krugerrand), and scrap gold are evaluated and paid according to the quantity and purity. Similarly, silver bars, silver coins (such as Silver Britannia and Silver Canadian Maple), and scrap silver are priced based on the quantity and purity as well.
Trading Tools
BullionByPost offers a range of trading tools to assist investors in monitoring and analyzing metal prices.
One of these tools is the Metal Price Charts, which provides real-time price data for gold, silver, platinum, and palladium. These charts allow users to track price movements over different timeframes, aiding in decision-making and market analysis.
Additionally, BullionByPost offers Metal Price Ratio Charts, which display the ratios between various metals such as gold, silver, platinum, and palladium. These ratios can provide insights into market trends and potential investment opportunities, as some investors use ratio analysis to determine the relative value of different metals.
Another valuable tool provided by BullionByPost is the LBMA Price, which offers the London Bullion Market Association (LBMA) fixings for silver, platinum, palladium, and gold. These fixings are widely recognized benchmarks for precious metal prices and are used by market participants worldwide.
Overall, the trading tools offered by BullionByPost can be helpful for investors seeking to stay updated on metal prices and make informed trading decisions. However, it is important to note that these tools should be used in conjunction with other market research and analysis, as they do not guarantee successful trading outcomes.
Pros and Cons
Payment Options
BullionByPost offers two payment options for you to pay for your bullion: Debit Card/Credit Card, Bank Transfer. Pay online instantly with Bank Cards up to value of €20，000. BullionByPost accepts payment by Visa, Debit, Visa Electro, Maestro and MasterCard Debit as well as all Visa and MasterCard Credit Cards. Payment from your card will be taken in Euros so if your bank account is denominated in another currency you may incur additional bank charges. Pay by Internet or telephone bank transfer up to €50，000. If you would like to place order exceeding €50，000, please call its customer service team on +44121 634 8082.
Delivery Options
BullionByPosts Delivery options and Estimated Delivery Time vary depending on country below to determine estimated delivery times and any additional information. Take the United Kingdom as an example, the detailed information is as follows:
Customer Support
The BullionByPosts customer staff are on hand Monday to Friday from 9am to 6pm, with answer phone coverage between 7am and 10 pm to handle any missed calls. They can be reached on +44121 634 8082, via email at support@bullionbypost, or via its Contact Us Page. Besides, you can also follow this broker on some social media platforms including Facebook, Twitter, and Linkedin.
Conclusion
In conclusion, BullionByPost offers a diverse range of market instruments, including gold bars, gold coins, silver bars, silver coins, platinum bars, platinum coins, palladium bars, collectible coins, and accessories. They regularly update their offerings with special offers and new products. However, it is important to note that BullionByPost currently lacks valid regulation, which may pose potential risks. Additionally, limited information about product quality, buyback policies, and resale options may be considered disadvantages. Nevertheless, BullionByPost provides a selling service for gold, silver, and other precious metals, with market-leading prices and timely payment. They also offer trading tools, payment options, and free insured delivery for all orders. Customer support is available via email and telephone.
FAQs
Q: Is BullionByPost regulated？
A: BullionByPost does not currently have valid regulation, which means there are potential risks associated with dealing with an unregulated broker. Caution is advised when considering their services.
Q: What market instruments does BullionByPost offer？
A: BullionByPost offers a diverse range of market instruments, including gold bars, gold coins, silver bars, silver coins, platinum bars, platinum coins, palladium bars, collectible coins, and accessories. They regularly update their offerings with special offers and new products.
Q: How can I open an account with BullionByPost？
A: To open an account, visit the BullionByPost website and click on the “Register Now” button. If you're a new customer, provide your email address and fill in the required information. Returning customers can enter their registered email address and password. Make sure to complete all the necessary details and agree to the Terms and Conditions.
Q: Does BullionByPost offer a selling service？
A: Yes, BullionByPost provides a selling service for gold, silver, and other precious metals. Customers can sell their coins, bars, and scrap metals at market-leading prices. Contact customer service to lock in the price, and post the metals within five working days to guarantee the fixed price.
Q: What payment methods does BullionByPost accept？
A: BullionByPost accepts Debit Card/Credit Card payments and bank transfers. They accept a wide range of cards, including Visa, Debit, Visa Electron, Maestro, and MasterCard Debit. Bank transfers are recommended for orders exceeding €50,000.
Q: How are the deliveries made by BullionByPost？
A: BullionByPost offers free insured delivery for all orders. Delivery is available within Europe, and high-value orders exceeding €60,000 are dispatched in separate parcels over consecutive days. Customers can track their orders using the provided tracking number.
Q: How can I contact BullionByPost for customer support？
A: You can reach BullionByPost's customer support team via email at support@bullionbypost.eu or by calling +44 121 634 8082. The telephone line is available seven days a week. For sales inquiries, contact sales@bullionbypost.eu using the same contact information.
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