Bullion By Post Review (Legit Or A Scam?) (Updated 2023)

May 26, 2023

Bullion By Post Review

Hello! Welcome to my Bullion By Post Review!

(UPDATED 2023)

Investments can be at risk from time to time, especially stocks and money, such as dollars.

However, there are ways for you to secure yourself. One of these is having alternative investments, such as investing in precious metals. It is already proven that doing it is very effective in different financial crisis.

To do it, first and foremost, you must look for a great precious metals firm. So in this review, we will be examining one of the firms, Bullion By Post!

Without any further ado, let's get started!

Bullion By Post Review Quick Summary

Name: Bullion By Post

Owner: Jewellery Quarter Bullion Limited (JQB Ltd)

Who is it for? Precious metals investor

Rating: 3.5/5

Bullion By Post Review logo

IMPORTANT WARNING:

Always be wary of online dealers when you purchase precious metals. There have been instances wherein investors got scammed and wasted their money.

One way to avoid this is by making your research like reading reviews. You can read my review on the industry's top rated precious metals firm right here.

What is Bullion By Post?

Bullion By Post Review website

Let us begin this Bullion By Post review by getting to know it. Bullion By Post is a UK-based precious metals firm and company. It was founded in 2009 and has been providing services and products since then.

Bullion By Post is a subsidiary of Jewellery Quarter Bullion and was initially made for private investors in the UK. The company's main goal is to provide the best services and products necessary for investors to diversify their portfolios.

Currently, Bullion By Post has expanded its services in the U.S., offering more than 3000 bullion and numismatic products, with a simple buying process.

Also, Bullion By Post is an authorized dealer of gold and silver bullion from various accredited LBMA-approved refiners, such as Perth Mint, PAMP and Royal Mint.

Moreover, there are different options for the types and weight of metals that you can choose from depending on your preferences and budget. This means that even if you don't have a lot of money, you can still invest in gold with Bullion By Post.

Products and services

Bullion By Post offers a wide range of products for you. Some of them are the following:

  • Gold and silver bars
  • Gold and silver coins
  • Platinum coins and bars
  • Palladium bars
  • Collectible coins

You can get these products in any weight you want. Moreover, Bullion By Post's website has a product catalog in which you can view all of the available products, including their prices. And yes, you can order them online!

As for IRAs, Bullion By Post does not offer any. However, it does offer two types of storage services: Vault Storage and VAT-Free Storage.

Vault Storage is an allocated storage which is FREE for the first orders over £2,500. It is taken care of by Brink's. This storage is segregated, which means that your products are not mixed with other investors' products.

VAT-Free Storage is basically another storage service that does not charge VAT fees, meaning, you will receive more metals for your money.

How does Bullion By Post work?

Buying precious metals from Bullion By Post is pretty simple. The process is composed of 7 steps which is shown below.

  1. Create and account with your residential address.
  2. Choose a product and add in your "Basket".
  3. Pick a delivery option
  4. Choose your payment options (Bank transfer, Debit Card, Credit Card)
  5. Review and confirm your order
  6. Make your payment
  7. Receive your order

Moreover, you can contact Bullion By Post to ask for assistance. The contact details differ depending on where you live. You can check it out on its website.

All of your orders are 100% fully insured with a safe delivery and discreet packaging.

Bullion By Post Payment Options

Bullion By Post accepts various types of payment options. Currently, there are 3 options you can choose from: Debit Card or Credit Card, Bank Transfer and Personal Check.

Debit/Credit Card

Bullion By Post accepts Visa Debit, Visa Electron, Maestro and MasterCard Debit as well as all Visa and MasterCard Credit Cards.

However, you need to take note that there is a maximum order for these payment methods.

You can only pay via Credit card for orders up to £5,000. Meanwhile, the maximum order for Debit Card is £30,000.

Lastly, there are no additional fees charged for this type of payment.

Bank Transfer

Another payment method is the bank transfer. When you have confirmed your orders, you will be provided with information in your email such as the order number and payment details.

You can pay via bank transfer using your quoted order number. Take note that failure to pay the order within the next day, your order will be cancelled.

However, if the company will receive your payment by 2 pm, then your order will be shipped on the same day.

Personal Check

If you pay via personal check, you should have it payable to Jewellery Quarter Bullion Limited and should be sent the next day.

Bullion By Post will wait for 4 working days from the day they receive your personal check, before they ship your orders.

Bullion By Post Shipping Options

Bullion By Post ships their products via Royal Mail, UPS or UPD. Below is the table that shows the delivery options, as well as other information including their costs.

Bullion By Post Review Shipping Costs

FAQs About Bullion By Post

What are the fees?

You should pay for the price that is shown on the website of the product you have chosen.

If you wish to keep your metals in your account at Bullion By Post, you must pay for a fee. Fees vary on where you are living. In Europe, you should pay £10.00 per month

Can you sell back to Bullion By Post?

You can sell your precious metals to any company or firm that provides the best price. However, if you wish to sell back to Bullion By Post, you can also do that.

However, on my research, I found a complaint regarding this.

Bullion By Post Review complaint

Which countries are allowed?

Bullion By Post provides services and products in different countries of Europian Union. Moreover, it also caters to the following countries:

  • United States
  • Greece
  • Spain
  • France
  • Netherlands
  • Italy
  • United Kingdom
  • Ireland

Can you have the metals delivered to your house?

Yes you can have your orders delivered directly to your house.

Can you store with bullion by post?

Bullion By Post has a storage service. So, yes you can store your precious metals at an affordable price.

how is its support?

So far, Bullion By Post only has an email and phone support. It does not have any live chat support.

what if i am not at home for the delivery?

The courier will leave a card at your door that will instruct you on how to rearrange a delivery for your product on another day.

Another way is to collect your orders from your local sorting office/depot.

Always remember that your orders will be fully insured up until they are delivered to you.

can i buy from your shop in birmingham?

Yes you can. The shop is open from 9:30 am to 4:30 pm, Monday to Friday.

If you are from a distant place, be sure to give them a call first to confirm stock availability.

what is "refer a friend" scheme?

Bullion By Post has a referral scheme in which customers a free 1oz Silver Britannia coin everytime they refer a friend to apply as a client, and when they make their first purchase worth over £250.

Bullion By Post Ratings and Reviews

Bullion By Post does not have any ratings on BBB, Yelp, BCA and Trustlink. The only rating I have found is from Trustpilot and SiteJabber.

I find this a bit odd for a firm that has been in the industry for almost 10 years already.

  • SiteJabber - 5 out of 5 stars rating based on 51 reviews
  • Trustpilot - 4.9 out of 5 stars rating based on 2598 reviews

The reviews and ratings above are excellent. The only downside it has is that it is only present in two review websites. Whereas other companies are highly present in various review websites.

Bullion By Post Pros and Cons

Pros

  • You can buy and sell precious metals
  • Orders can be delivered to your home
  • Process is easy

Cons

  • Not an IRA custodian
  • There are some serious complaints
  • No digital currency or Bitcoin services
  • Support lacks other platform

Is Bullion By Post a scam?

To conclude this Bullion By Post review, it is time for my final verdict and find out if it is a scamc or not.

Fortunately, Bullion By Post is not a scam. It is a legit precious metals company that has been operating since 2009. It offers products and services at reasonable prices.

There are some complaints about it and it lacks a lot of ratings. In the end, your decision is always up to you. You can try out Bullion By Post.

But if you want to be reassured, then you can check out the top recommended and renowned firm in the industry, by reading the next section.

Thank you so much for reading my Bullion By Post review! If you have any questions, comments or any experiences with Bullion By Post, you can share it in the comments section below!

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Anis is a digital marketing expert that enjoys writing blogs and helping people avoid scams online; he is passionate about investing in real estate and gold; in his free time, Anis loves playing football, going to the gym, and hanging out with friends.


By the way, if you are tired of scams and want to invest with a legit gold company, check out my 6 top legit gold IRA companies of 2024!

Anis

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