When purchasing precious metals over the internet, many investors are understandably concerned about the prospect of having gold bullion shipped to them. It can seem worrying to have thousands of dollars in coins put into a box and sent through the mail. However, coin dealers use high-security shipment methods and carry insurance so that you can rest assured, your coins will be delivered as promised.
Some buyers are concerned that the cost of shipping will add a substantial cost to their investment, but this is rarely the case. Because such a high value can be contained in a relatively small package of coins, the shipping costs are generally low. Shipping fees, which are set by the dealer, often depend on the total purchase price or the weight of the precious metals being purchased.
In addition, many online dealers offer free shipping when buying a certain dollar amount of coins. For example, JM Bullion offers free shipping on all orders. In a competitive industry, free shipping offers serve as an incentive for buyers to choose one coin dealer over another.
Buy gold with free shipping at JMBullion.com
The shipping services used vary from dealer to dealer. When mailing precious metals, protection is key. Many sellers use a different shipping service for relatively low-value packages than for larger purchases, providing a balance of economical and high-security shipment options. Within the industry, common shipment methods include USPS First Class, USPS Registered Mail, FedEx, and UPS Ground.
Additional precautions ensure that your package will be safe during transit. Packages containing precious metals are never labeled as such. The packaging, return address, and labels will give no indication of the valuable contents of the package in order to reduce the potential for theft. As gold coin investors well know, discretion is key to protecting precious metal bullion. Due to security precautions, a signature will likely be required in order for your package to be delivered, ensuring that your order is not left unsecured on your doorstep.
What if the package is lost in the mail, or arrives damaged? This is a concern for many precious metal buyers. Though rare, such instances do happen. Nearly all precious metal dealers carry shipping insurance as a safeguard against this possibility. This insurance is included in the cost of shipment – you don’t have to pay extra for peace of mind. Shipping insurance is intended to reimburse you for the cost of the coins, if they are lost or damaged in transit.
In the unfortunate event of a lost or stolen package, contact the dealer who sold the coins. They will begin the insurance claim process. In addition to insurance offered by the shipping carrier, many dealers carry additional shipment insurance for added protection. If your purchase cannot be recovered or is no longer in the same condition in which it was purchased, you will typically be entitled to a full reimbursement, in accordance with the specific dealer’s policy. If you have any questions about the insurance policy before or after your purchase, ask the coin dealer for clarification.