How to Buy and Sell Palladium, Platinum, Silver, and Gold Bullion Bars & Coins
What forms of payment do you accept?
We accept cashiers checks, wire transfers, personal checks, and cash. We do not accept cash in excess of $10,000. Cashier checks and personal checks can be dropped off at our storefront, mailed to us, or direct deposited into our customer dedicated incoming payment bank account. Click here for our mailing address. We highly recommend wire transfers for orders greater than $10,000 as there will no holding period. Orders using cashiers checks or personal checks will be held by us until the check clears the banking system, which ranges from 3-17 days. For wiring instructions, please call us on 1-877-471-7528 or 1-415-383-7411. We highly recommend wire transfers.
When can you lock in my price?
For items we have in stock, we lock in your price when you place the order, but the locked in price must be guaranteed by credit card. Payment must be received within 1 business day of lock in or the order will be cancelled. If a decline in the market price occurs and we do not receive your payment on time, you will be liable for any market loss we incur for locking in and accepting your order. See separate FAQ on our Market Loss Policy. You will be charged the difference between your confirmed price and the market buy price when your order is officially cancelled. Any market gain on cancellations shall remain the property of Pacific Precious Metals LLC. Orders can not be cancelled by the customer once placed and accepted. Pacific Precious Metals reserves the right to cancel orders at any time but will normally only cancel orders if payment is not received. For items we do not have in stock, a price estimate is made and the price is not locked in until payment is received. As such, there may be a small discrepancy between the estimated price (which equals the received amount) and the locked in price. Should the locked in price be higher than the estimated price, we will require cleared funds before delivering the metal to the customer. In the case where the estimated/received amount is greater than the locked in amount, then a check will be mailed to the customer for the difference along with the metal.
How do you send my bullion to me?
We send your coins and bullion using the carrier of our choice. In all cases, it will be sent insured and with signature required. Should anything happen while your package is in transit to you it will be covered by our insurance policy. However, we will not accept responsibility, nor will the shipment be covered by insurance if you have left instructions with any carriers or delivery service to leave parcels un-attended for you without the need for a signature. In addition, if you have given the carrier instructions to leave your package with someone else such as a building manager, neighbor, or use a third party mailing address or drop-off location such as Mail Boxes etc., The UPS Store, etc., YOUR PACKAGE WILL NOT BE COVERED. When we ship to you, if metals are lost or damaged in transit, it is our responsibility to pursue any claim with the insurance company. If we determine the package is lost or damaged, we file a claim. Once the claim is filed, we reserve the right to re-ship your items or refund your money at our discretion. You will need to sign for the package when it arrives. For large quantities, we will discuss other methods, such as armored vehicle delivery.
What is your Market Loss Policy?
When you purchase bullion or coins from Pacific Precious Metals and you have received a confirmation from us that the order is live, the price is locked in for you and the transaction may not be cancelled, but only offset at our current ask price. We will either record your telephone order, require you to send an email with a confirmation of your order, or have you confirm the order online if that feature is available. Any deficit between the price at which we sold to you and the offsetting purchase price and/or prices, is your responsibility only if your item(s) is cancelled or returned. That amount will be charged to you, plus a $35.00 cancellation fee. When you sell bullion or coins to Pacific Precious Metals and we have issued a confirmation number, the price is locked in for you and the transaction may not be cancelled, but only offset at our current buy price. Any deficit between the price at which we purchased from you and the offsetting purchase price and/or prices, is your responsibility only if your item(s) is cancelled or returned. That amount will be charged to you, plus a $35.00 cancellation fee. This is our Market Loss Policy. Any market gain on cancellations shall remain the property of Pacific Precious Metals.
How long does it take to get my bullion from you?
We ship your products usually within 1-2 business days of having cleared money from you if the items are in stock. Wire transfers received after 12 noon PST will be deemed to have been received the next business day. Your product would then typically take 1-7 days to get to you.
Is there a charge to ship items to me?
Yes, there are shipping charges associated with sending you your bullion. The price will depend upon the total value in the package as it affects our insurance coverage along with the weight of the package. 95% of our packages ship for between $15-$40. Expedited shipping is also available for an additional fee. Our shipping charges are simply there to capture our costs of packing, shipping, and insuring your bullion.
Do I have to pay tax on my investment in bullion?
When we ship outside of California, there are no taxes that we collect. Within California, bulk sales in excess of $1500 are not taxed. As such, we require a minimum purchase of $1500.
Which are the best products to buy?
Which product you should buy is entirely up to you. There is no right or wrong answer for this question. All of our bullion and coin products are from well respected Government mints or reputable institutions. In general, we recommend investors to buy the most liquid items (meaning the most commonly bought/sold) that also have low premiums (how much you pay above the spot price to buy it) and tight spreads (the spread is the difference between the buy and sell price).
How to Sell Jewelry, Silverware, Dental Gold, or other Precious Metal Scrap
Why should I use Pacific Precious Metals?
Pacific Precious Metals prides itself on providing a transparent process with fair payouts. We understand that our main goal is to offer the top dollar for any item that is presented to us. In addition, we are one of the few precious metal buyers that offers you the advanced technology with our x-ray fluorescence analysis to give you peace of mind that we are paying you for exactly what you have.
How do you determine how much my items are worth?
Our payment is based on gold content (karat), weight, and the spot price of gold on the day we process your items. The brand, condition, beauty, or age do not play any role in the items value. Its simply the value of the precious metals.
There is a stamp on my ring indicating 14k. Is that stamp reliable?
Usually, it is. The history of our testing pieces has shown us that about 2-4% of all gold jewelry is fraudulently stamped. Sterling silver jewelry is even more common to be fraudulently stamped (5-7% of the time). At the end of the day, our xray machine will help us determine the exact purity of your items with a very high degree of precision.
I paid $1000 for a necklace. What can I expect to get for it?
Retail jewelers mark up jewelry significantly above the value of the precious metals and the labor/overhead involved in creating and selling the jewelry piece (sometimes as much as 15x). Pacific Precious Metals only pays for the value of the gold, silver, or platinum itself. Therefore it would be very unlikely that you would receive a payment close to the CURRENT retail value of the jewelry. If you purchased your piece when the price of gold was much lower than it is today, it is very possible that the value we place on it could even exceed the value you paid.
How do I get paid?
We pay you for your scrap items as soon as we have finished analyzing them and determining the total precious metals content. We can pay in cash or check, whichever you prefer.
How fast can you do an appraisal for my insurance company?
It will depend upon the number of items. However, for one or two pieces, we can usually turn them around the same day. If you call ahead, we can even get them done while you wait.
What types of appraisals do you do?
We can perform three types of appraisals. The most common that we do is replacement value appraisals which is done so that your valuable jewelry pieces can be covered by your home owner's insurance policy. In addition, we do estate appraisals which are typically needed when an estate is divided up between beneficiaries and the attorneys need an accurate estimate of the value of each piece. Estate values are typically lower than replacement values. Finally we do liquidation appraisals, which is simply the scrap value of the precious metals or precious stones in an item.
Can you appraise my diamond engagement ring or wedding ring?
Absolutely. In fact, we highly recommend you get an appraisal as most engagement rings and wedding rings are worth more than the standard coverage of a home owner's insurance policy. Insurers will require and appraisal to cover any individual items if it exceeds about $1500.
Can you appraise my precious stones, such as diamonds, emeralds, rubies, and sapphires?
Yes. We have a GIA (Gemological Institute of America) certified appraiser on staff who can identify and grade any of your precious stones.