If you are researching where to buy physical gold or silver in the UK, Bullion By Post is likely to appear among the online dealers you come across. The company sells gold, silver, platinum and palladium products, including bars and coins, and also provides services for selling bullion and storing precious metals.
But choosing a bullion dealer involves more than finding a product with an attractive price. Buyers need to understand how premiums work, how delivery is handled, what happens when they want to sell, and what customer reviews can—and cannot—tell them.
This Bullion By Post review looks at the company, its product range, pricing, delivery, reviews, buyback service, Britannia coins, storage and tax considerations. It also highlights the points worth checking before placing an order.
What Is Bullion By Post?
Bullion By Post is an online UK precious-metals dealer operated by Jewellery Quarter Bullion Limited. According to the company’s published history, the business began in 2008 and is associated with Birmingham’s Jewellery Quarter.
Its range includes physical gold bullion, silver bullion, platinum and palladium, with products available in different formats and weights. Customers can purchase bars and coins online rather than visiting a traditional bullion shop.
The company also has a service for customers who want to sell eligible precious metals and offers storage options. That means its role extends beyond simply selling bullion to customers.
For buyers, this makes it useful to look at the complete transaction rather than just the product catalogue. The price paid, delivery arrangements and potential resale value can all affect the overall experience.
What Can You Buy From Bullion By Post?
The range covers several precious metals, although gold and silver are likely to be the main areas of interest for many private buyers.
Gold Bars and Gold Coins
Gold buyers can choose between bars and coins in different sizes. Smaller bars can provide an entry point for people who do not want to purchase a larger quantity at once, while larger bars offer a different balance between the amount of metal purchased and the premium attached to the product.
Gold coins are another option. Products such as Gold Britannias and Sovereigns are particularly relevant to UK buyers because they are established and recognisable bullion coins.
When comparing gold products, the cheapest-looking option is not necessarily the best comparison. Buyers should look at the weight, purity, retail price and premium over the underlying gold price.
Silver Bars and Silver Coins
Silver bullion is available in both bars and coins, including Britannia products and other recognised bullion coins.
Because silver has a lower price per unit than gold, some buyers may find it easier to build a holding gradually. However, the retail price of silver bullion is affected by more than the market price of silver itself.
VAT is also a consideration for UK silver buyers. The tax treatment can vary depending on the product and circumstances, so buyers should check the applicable terms rather than assuming every silver product is treated identically.
Platinum and Palladium
The company also offers platinum and palladium products. These metals can appeal to buyers looking beyond the more familiar gold and silver markets.
Their prices and demand drivers can differ from those of gold and silver, so they should not automatically be treated as interchangeable investments.
How Do Bullion By Post Prices Work?
One of the most important things to understand when comparing Bullion By Post prices is the difference between the spot price and the retail price.
The spot price represents the market price of the underlying precious metal. A physical bullion product normally costs more than its raw metal value because the retail price includes a premium.
That premium can reflect factors associated with producing, refining, minting, distributing and selling the product.
For example, a one-ounce gold bar and a one-ounce gold coin may contain similar quantities of gold but have different retail prices. A recognised government-minted coin can have a different premium from a more straightforward investment bar.
This is why buyers should not compare dealers solely by looking at the displayed price. A more useful comparison considers the amount of precious metal, the premium, delivery costs or conditions and the price available when selling the item later.
Bullion prices themselves are also constantly changing. A price seen on one day may not be the same when an order is placed later, particularly when gold or silver markets are moving quickly.
Is Bullion By Post Legit?
“Is Bullion By Post legit?” is one of the most reasonable questions to ask before buying valuable physical products online.
The available information provides several objective points that readers can examine. Bullion By Post operates through Jewellery Quarter Bullion Limited, states that the business was established in 2008, and provides information about its bullion products and services.
There is also a substantial body of third-party customer feedback for the UK website. Trustpilot’s UK profile has received more than 21,000 reviews and displays a high overall rating. Recent reviews include comments about ordering, delivery, packaging and customer service.
That evidence is useful, but it should be interpreted carefully. A review score represents reported customer experiences; it does not guarantee that every future order will have the same outcome.
It is also worth checking the exact website address when researching reviews. Similarly named domains can have separate profiles and should not automatically be treated as the same business.
A sensible approach is to consider the company’s published information alongside independent reviews and the specific terms that apply to the order you are considering.
Bullion By Post Reviews: What Do Customers Report?
Customer feedback provides another way to assess an online bullion dealer.
Reviews for the UK service commonly include positive comments about the ordering process, delivery, packaging and customer service. Some customers also describe repeat purchases, suggesting that certain buyers have used the service more than once.
Less positive feedback also exists. Complaints and concerns can relate to delivery, communication or individual transactions. Such reviews should not automatically be treated as proof of a widespread problem, but neither should they be ignored.
The most useful way to read Bullion By Post reviews is to look for recurring themes and consider whether the issues raised are relevant to your own purchase.
Reviews are particularly useful for understanding service experiences, but they should be kept separate from objective facts such as product specifications, prices and delivery terms.
How Does Bullion By Post Delivery Work?
Delivery matters more with bullion than it does with an ordinary online purchase because the products being shipped have significant monetary value.
The UK service advertises free, fully insured delivery for gold and silver bullion and states that orders over £40 qualify for next-day delivery under its stated conditions.
Those conditions can change, so buyers should check the current delivery information when placing an order rather than relying on an old article or review.
Customers should also pay attention to the delivery address, tracking information and any requirements associated with the selected delivery method.
For valuable purchases, understanding how an order is insured and tracked is just as useful as knowing how quickly it is expected to arrive.
Can You Sell Gold or Silver Back?
Buying bullion is only half of the process. If you eventually want to turn physical metal back into cash, the dealer’s selling service and buyback terms become important.
Bullion By Post operates a sell-to-us service for eligible precious-metal products. The process involves obtaining a price, sending the items to the company and having them assessed before payment is made.
The service can be relevant whether the bullion was originally purchased from Bullion By Post or acquired elsewhere, subject to the products and conditions accepted at the time.
Understanding the Buyback Price
The price you receive when selling bullion is not necessarily the same as the retail price you previously paid.
This difference is partly explained by the spread between the dealer’s buying and selling prices. If a customer purchases a product at a premium and immediately attempts to sell it, the resale value may be lower than the original purchase cost even if the underlying metal price has not changed.
Bullion By Post’s published information explains that its gold buyback rates are linked to the prevailing market price and that its standard gold buyback rate is around 96% of the gold market spot price, while some proof coins can receive different rates.
Because buyback values can change with the market and the individual product, buyers should check the current rate rather than treating an old figure as a guaranteed future price.
Why Britannia Coins Matter to UK Buyers
Britannia coins are an important part of the UK bullion market and are offered in both gold and silver forms.
When considering a Britannia, buyers should check the metal, weight, purity, year and product type. A standard bullion coin and a proof or collectible version can have different pricing considerations even when they feature the same basic design.
UK legal-tender bullion coins can also have particular Capital Gains Tax considerations. However, tax treatment should be checked according to the relevant rules and the buyer’s circumstances rather than assumed from the coin’s name alone.
VAT and Capital Gains Tax
VAT and Capital Gains Tax are two areas where bullion buyers need to avoid making assumptions.
The VAT treatment of precious metals can differ according to the metal and product. Gold, silver, platinum and palladium should not automatically be treated as having identical tax treatment.
Capital Gains Tax can also depend on the type of asset and the buyer’s circumstances. UK legal-tender coins such as Britannias and Sovereigns can have specific tax characteristics, but general information should not be treated as personalised tax advice.
For a substantial purchase, checking current official tax guidance or speaking with a qualified tax professional is sensible.
Does Bullion By Post Offer Storage?
Some buyers prefer not to keep valuable metals at home. Bullion By Post offers storage options for customers who want their precious metals held in professional vaulting arrangements.
The company promotes secure, insured storage and describes options involving vaulted precious metals.
Anyone considering storage should look beyond the convenience factor. Check the storage fees, ownership arrangements, insurance, accessibility and the conditions for taking physical delivery of the metal.
Storage can be useful for some buyers, but it introduces an ongoing cost that should be included when assessing the overall expense of owning bullion.
Could Bullion By Post Suit Beginners?
Bullion By Post may be accessible to someone buying physical bullion for the first time because products can be researched and ordered online. However, convenience should not replace basic research.
A beginner should understand what they are buying before placing an order. That means checking the metal’s weight and purity, comparing the retail price with the spot price, understanding the premium and considering how the product could be sold later.
It is also worth deciding whether the aim is to own physical metal for the long term, collect particular coins or simply gain exposure to precious-metal prices. Different objectives can make different products more appropriate.
There is no single bullion product that is automatically right for every buyer.
What Should You Check Before Ordering?
Before buying from any online bullion dealer, including Bullion By Post, work through the details of the specific product and order.
Check:
- The exact metal, weight and purity
- Whether the product is bullion or collectible
- The current retail price
- The premium over the underlying spot price
- Delivery and insurance conditions
- Applicable VAT treatment
- Potential tax considerations
- The current buyback price
- Storage costs if you are not keeping the metal yourself
- The company’s current terms and conditions
Keeping invoices and purchase records is also useful, particularly when the bullion may eventually be sold.
Advantages and Potential Drawbacks
The main advantage of an online dealer such as Bullion By Post is convenience. Customers can browse a wide range of products and compare different weights and formats without needing to visit a physical bullion shop.
The company also provides a route for selling eligible precious metals and offers storage options, giving customers services beyond the initial purchase.
There are potential drawbacks too. Physical bullion normally carries a premium above the spot price, and the buyback price can be lower than the original purchase price. Market prices can also fall, meaning ownership of physical precious metals does not eliminate investment risk.
Delivery and storage are additional considerations that do not apply in exactly the same way to every type of gold or silver investment.
The right assessment therefore depends on the individual product, its total cost and what the buyer intends to do with it.
Conclusion
Bullion By Post is an established UK online bullion dealer operated by Jewellery Quarter Bullion Limited, with products covering gold, silver, platinum and palladium. It also provides selling and storage services, giving customers several ways to manage physical precious metals.
For someone considering an order, the most useful approach is to look beyond the company’s name or a single review score. Compare the product’s price with the spot market, understand the premium, check delivery arrangements and investigate the potential buyback price before committing.
Customer reviews can provide useful insight into service experiences, while company information can help establish the basic facts about its products and services. Neither should be treated as a guarantee of a particular future transaction.
Whether the service suits you ultimately depends on the type of bullion you want, the price you are prepared to pay, how you plan to store it and what you expect to do when it is time to sell.
Also Read: Costco Gold Bar: Complete Buying Guide, Pricing & Investment Tips
FAQs
Is Bullion By Post legitimate?
Bullion By Post operates through Jewellery Quarter Bullion Limited, which states that it has operated since 2008. Its UK service also has a substantial third-party customer-review history.
What can you buy from Bullion By Post?
The range includes gold and silver bars and coins, along with platinum and palladium products. Availability and product ranges can change over time.
Does Bullion By Post offer insured delivery?
The UK service advertises fully insured delivery for gold and silver bullion. Buyers should check the current delivery conditions before placing an order.
Can you sell bullion back to Bullion By Post?
Yes. Bullion By Post operates a sell-to-us service for eligible precious-metal products. The price offered depends on the applicable market and product valuation at the time.
Are Bullion By Post prices the same as the spot price?
No. Physical bullion normally carries a premium above the underlying spot price. The final retail price can therefore differ from the market price of the metal itself.
