Frequently Asked Questions
How do I purchase precious metals from Boston Bullion?
- Place your order with us by calling *781-710-8419.
- Send a check or wire within 24 hours to cover your order.
- Sit back and relax. Your order will arrive soon.
When is the price locked in?
Your price is locked in as soon as you place your order. Your price will not change regardless of market fluctuations. Once you place your order, we take a market position based on your order and commit to delivery.
You also commit to following through with the purchase.
How do I pay?
You can pay with a wire transfer, cashiers check or personal check.
All payments must be postmarked within 48 hours of order confirmation.
How much time do I have to pay for my order?
Your funds must be wired or your check mailed within 24 hours of placing your order.
How much does shipping cost?
Shipping is FREE on orders of 5 ounces of gold or more.
There is a nominal shipping charge of $19.95 for smaller orders.
How is it shipped?
Your order will be shipped registered priority mail, fully insured, signature required.
How long does it take?
Orders paid with a wire transfer are shipped within two days and can arrive within a week.
Orders paid with a check or money order must be held for 10 business days.
Once the check has cleared, your order will ship immediately.
What is your Sales Policy?
All of our products are sold as bullion so there should be no reason for returns. If for some reason you are unhappy with your order please call us within three days of receipt and we will do everything we can to make it right. Otherwise all sales are final.
Are there any hidden charges, fees or commissions?
Our brokerage fee and shipping & handling fees are quoted as part of your order. There are no additional charges, fees or commissions. The price you are quoted is the price you will pay.
Is there a sales tax?
There are NO sales taxes on out of state orders or Massachusetts bullion purchases larger than $1,000.
Are transactions reported?
No reports are required for any wire or check transactions.
Do I have to pay taxes when I sell?
Any capital gains/losses should be reported on your tax return.
What if I don't send payment?
If payment is not received in a timely fashion (postmarked in 24 hours, received in 5 days), your order will be offset with an identical buy. We will re-buy your items from you at our then current buy price. You will be required to pay any discrepancy from market losses. You will not be entitled to any proceeds from market gains.
Why are your prices so low?
We keep our prices low by continually watching the market for the best distributor price on each individual product. We then use our wholesale volume discounts to get you the best price available. By doing this, we are able to keep our prices quite low.
Why are your prices so high?
The bullion market has incredibly thin margins and the prices we charge are the minimum necessary to stay in business. We believe our prices are extremely competitive.
Do you have the coins in stock?
We have a substantial inventory and fill most small orders from inventory on hand. For larger orders, we will place your order with our best distributor at the time of purchase. Once your payment clears, we will have your order shipped directly to you. This saves the double-shipping overhead while providing you with our wholesale volume discounts.
Do you accept credit cards for gold purchases?
We no longer accept credit cards for bullion purchases.
Do you buy gold as well?
Yes, we make a market in all of the products we sell. Our buy prices are generally 3% below our sell prices. The coins we receive must be contained in original mint packaging and/or meet our high standards.
Do you offer gold storage?
No. We believe you should take physical possession of your gold and silver and store it in your own private safe.
What year are the coins for sale?
Your gold coins will generally be from the current year, fresh out of the mint boxes. The Pamp Suisse gold bars are also brand new and mint sealed. Of course, some of the coins are only available in older years and in these cases the year will be random. Some coins (Panda and Lunar series) contain different premiums for some years and these are priced for each year.
Can I buy gold online?
We will offer gold for online purchase soon. However, the prices will be higher to cover the credit card processing costs.
Can I visit your local store?
Office visits are by appointment only. Feel free to call us to schedule today!
Why are the coins/bars more than the spot price?
Each coin or bar that is minted sells for a small premium to cover the minting process.
Why is the premium different on different coins?
Each coin or bar seems to have a different premium, depending on minting cost and investor demand.
This premium is usually between 2% and 10% of the spot price.
This premium is not significant, however, since the same premium is realized on the sale.
How do I know they are not counterfeit?
Most coins and bars that we sell are marked by the mint that makes them. Whether they are American Gold Eagles or Pamp Suisse Gold Bars the gold content is engraved right on the gold. For older coins like sovereigns and francs we can weigh and measure the coin. If the coin is the correct weight and size it is guaranteed to be gold. All of the items we sell are guaranteed to be genuine.
What about a Certificate of Authenticity?
Pamp Suisse Gold Bars and some Registry Mint Sets come with a Certificate of Authenticity.
When that is the case, the Certificate will be included with your purchase.
What is Bullion?
Pronunciation: ‘bul-y&n, -“yšn
Etymology: Middle English, from Anglo-French billion, bullion melting house, bullion, probably blend of Middle French bille ingot, piece of money (from Old French, log) and Anglo-French *bulliun, buillun cauldron, from Old French boillon froth on boiling liquid, broth — more at BILLET, BOUILLON
1 a : gold or silver considered as so much metal; specifically : uncoined gold or silver in bars or ingots b : metal in the mass