FAQ

Frequently Asked Questions

Please see below some of the most common questions asked by Scottish Bullion clients. If you have any further questions please do not hesitate to contact a member of our team on 0141 343 1306, or at info@scottishbullion.co.uk.

1

Can I buy over the counter from Scottish Bullion?

Scottish Bullion keeps a large quantity of stock on site, which is available for immediate collection. Please contact a member of our trading team to inquire about any particular items.

2

Can you store my precious metals for me?

Yes, you can avail of the option of renting a Safe Deposit Box. Scottish Bullion is part of the Vaults Group, Europe’s largest independent provider of Safe Deposit Boxes. With branches in Glagsow, Edinburgh and across Europe, our Safe Deposit Boxes lie outside the banking system.

The rental is a set annual fee, which means that you can store as much in your box as it will allow without being subject to precious metal price fluctuations experienced when charged a % fee of the value of your metal with other storage providers. You can also store many other items in your Safe Deposit Box, not just precious metals.

3

What forms of payment do you accept?

Scottish Bullion accepts payment by bank transfer, cheque or cash

4

Should I buy coins or bars?

The coins and bars that Scottish Bullion supply are all investment grade, solid gold products. Each bar and coin carries a premium above the spot price of the metal. The premium is determined by the availability, desirability, mining, minting and refining costs. Typically, coins command higher premiums than bars. Unless you have a preference for a particular item, it is usually cheaper to purchase bullion bars.

5

Which type of coins should I buy?

This is really a personal preference. The gold content in coins vary from 90% to 917/1000 to 999.9/1000 – this does not necessarily mean that a coin with 90% gold content is worth any less than the coin with 999.9/1000 purity – in the world of coins supply and demand is also a factor. Talk to any of our team for more details on the different types of coins available to you and what will suit you best.

6

Do you base your buying / selling prices on the live bullion price?

Yes, we take the live price and add/subtract the premium applicable to the particular coin or bar.

7

Does Scottish Bullion offer live prices on the website?

Scottish Bullion’s website does not quote any live prices. Please contact a member of our trading team by phone, email or WhatsApp in order to request any live prices.

8

Does Scottish Bullion offer a delivery service?

Scottish Bullion does not offer a delivery service at the current time, but does keep a large stock of items that are available for immediate collection. Orders can be collected from either of our premises, and can be stored in your own Safe Deposit Box or taken away by our clients.

9

How long will it take to receive my order?

Scottish Bullion keeps a large quantity of stock on site, which is available for immediate collection. If we do not have the desired items in stock, a member of our team will advise you on availability timelines, which are generally 1-2 weeks.

10

Will you buy back my coins and bars?

Scottish Bullion guarantees to buy back any items we have sold. Scottish Bullion is also interested in buying precious metals purchased elsewhere.

11

How do I sell bullion back to you?

In order to sell to Scottish Bullion, items must be brought to our premises for testing and verification. A live price will be agreed there and then, with a bank transfer made to an account of your choice on the next business day (unless advised otherwise at the time of the transaction).

12

How do I know that my coins and bars are genuine?

All coins and bars sold by Scottish Bullion are sourced from the world’s leading refineries. In addition to this, all products bought by Scottish Bullion are tested by us to ensure the gold or silver content and purity are as they should be. All gold purchases are accompanied by an invoice from Scottish Bullion stating that the purchase has been tested and verified by us.

13

How do I know my items are safe when vaulted with you?

Scottish Bullion is situated within Glasgow Vaults and Edinburgh Safe Deposit, which form part of The Vaults Group. Founded in 2013, The Vaults Group is Europe’s largest independent Safe Deposit Box group. Each of our vaults are purpose built and fully insured. Glasgow Vaults and Edinburgh Safe Deposit are open 363 days per year, only closing for Christmas Day and New Year’s Day.

14

Who owns Scottish Bullion?

Scottish Bullion is owned by Seamus Fahy and David Walsh who also own The Vaults Group – Europe’s largest independent provider of Safe Deposit Boxes. We also operate bullion trading offices in Ireland and England.

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Store Your Gold With Us

Scottish Bullion is housed within
The Vaults Group, Europe’s largest independent
provider of Safe Deposit Boxes.

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