FAQs

What is the Metal Spot Price

A spot price of a precious metal is the current trading price on metal exchanges, and is the worldwide benchmark for pricing. Bulk orders of bullion trade at the spot price as a raw material, without the cost of making the metal into coins or bars, transportation, storage and associated retail expenses.

Understanding Precious Metals Sizes

Precious Metals are measured in Troy Ounces, not in imperial ounces used for other activities.

1 Troy ounce of metal = 31.1035 grams
1 Kilogram of metal = 32.15 troy ounces

Can I Buy Precious Metals at Market Spot Price?

Like the majority of precious metals dealers, Imperial Bullion is not a member of a metal exchange and therefore does not buy or sell the raw, unrefined metals.

Investors should consider purchasing larger sized bars – the production and handling costs during the refinement process reduce, bringing the price per troy ounce closer to the spot price.

With our Bullion Buy Back Program, there is the opportunity with certain ‘seconds’ products to obtain these close to spot prices, however we also have some exciting products to become available as a result of this program.  Please contact us to see what bullion ‘seconds’ we might have within our inventory.

Locking in a Metal Price

Imperial Bullion trades 24/7, all year round, so at any time convenient you can select and order your products, locking in the price point. Please keep in mind that once completed, you have entered into a legal and binding commitment in line with our Terms and Conditions.

Precious Metals and GST

Imperial Bullion complies with Australian Federal Government regulation on precious metals and GST – bullion grade silver, platinum and gold coins or bars are without GST. Palladium and Bullion Jewellery products attract GST.

Ruling on GST and precious metals from the ATO website

Precious metal is defined in section 195-1 as follows:

(a) gold (in an investment form) of at least 99.5% fineness; or

(b) silver (in an investment form) of at least 99.9% fineness; or

(c) platinum (in an investment form) of at least 99% fineness; or

For gold, silver or platinum to be in an investment form for the purposes of the GST Act, it must be in a form that:

(a) is capable of being traded on the international bullion market, that is, it must be a bar, wafer or coin;

(b) bears a mark or characteristic accepted as identifying and guaranteeing its fineness and quality; and

(c) is usually traded at a price that is determined by reference to the spot price of the metal it contains.

Why does the website pricing change?

Our prices are live and update in 30 second cycles. Linked to the live pricing movements of precious metals, this is an essential function to lock-in and guarantee you the most up to date price for your bullion.

Imperial Bullion Bank Details

Master Metals Exchange Pty Ltd T/As Imperial Bullion

Commonwealth Bank Australia
BSB: 064 145
Acct No: 1035 6373
Swift Code: CTBAAU2S

Please use your invoice number as reference.

International Orders:

Please add $20 AUD intermediary bank charge to Grand Total

Can an Order be Cancelled or Changed

No. Once you confirm your internet order of precious metals, it is a legal and binding contract. We urge all of our customers to familiarise themselves with our Terms and Conditions. Orders cannot be cancelled as the bullion is locked into the live market on your behalf. Bullion is currency, so please ensure that you have the funds to meet the agreed commitment you enter into on Placing the Order.

If you do cancel your order or not honor the terms and conditions of the agreement, you are required to pay all fees in line with our cancellation and market loss policy within the Terms and Conditions.

Identification Requirements for Purchasing

In compliance with AntiMoney Laundering regulations in Australia and requirements for purchasing bullion, purchases that are AUD $5,000 or over within a 24hr period require an account where your details need to be confirmed. These details are your name, date of birth, and address. Any client under the age of 16 will require a guardian over 18 for the account. The guardian must accept the appointment of responsibility and willingly provide their name, date of birth, and proof of address as an authority for the account.

Additionally with Credit Card and PayPal payments, Imperial Bullion will request information to confirm the identity of the buyer in line with our internet anti-fraud processes.

Selling your Bullion to Imperial Bullion

Imperial Bullion does have a bullion, scrap jewellery, and coins buyback program (with our live pricing buyback rates).

Our preferred process for payment to you is ‘cash in store’ on verification and testing of the metal purity of your bullion for sale. Alternatively we process a same day bank transfer to your nominated account. For large sales of bullion to us, simply give us some short notice by calling +61 (7) 3350 2615

For clients unable to come to us in store, please contact us on the process.

We can arrange collection of your product with DHL Express or Toll Transport at your expense, or you can send products to us using a signature service once a price agreement has been locked in.

On receipt of your bullion sent to us, we will provide a confirmation of receipt and immediately test and validate the purity of the product to ensure it is genuine bullion. Confirmation will then immediately release a same-day bank to bank transfer of the agreed transaction amount.

Payment Options with Imperial Bullion

Purchasing from Imperial Bullion is seamless and straightforward.

Browse:

Our website provides clients the opportunity to search all of our products online, 24hrs a day, 7 days a week. Our product prices are linked to the live spot market, however while selecting your products for purchase, the final price is not locked in and approved until you complete the checkout process.

Finalise your Purchase:

Once you have selected the bullion items for purchase, you are given various options in the checkout process, such as delivery, collection or allocated secure storage.

Pay:

Clients have a number of options for payment, and also depending on whether insured delivery is required or not:

1. Make a payment via Direct Deposit / Electronic Transfer of funds, with delivery insurance or without.

2. Pay order in full via credit card up to a maximum of $5,000.  All orders over $5,000 must be paid via Direct Deposit or Electronic Transfer of Funds.  Credit Card Surcharges apply to the total order including shipping, and full insurance is automatically included for delivery. Clients have full insurance of their products with this payment option.

IMPORTANT CONDITION:

Should a customer fail to pay the total order of the purchase price within the agreed time frame, the customer will be in default of this agreement, and fees will apply.  Clients are requested to fully understand the terms and conditions.  It is mandatory to accept the terms and conditions to complete an order, and on completing the order process, clients acknowledge that it is legally binding and that they have read in full the details.

For orders over $5,000 in a 24hr period, you will be requested to provide a completed Identification form.  This request will be sent to you via email.  You can download the form from our Identification Requirements Page.

Investor Quantity Tubes and Monster Boxes

Imperial Bullion do sell tubes and monster boxes of Perth Mint Round Releases, American Silver Eagles from the US Mint,  Canadian Maple Leafs from the Royal Canadian Mint. Gold products also can be purchased in bulk.

Please refer to our Bulk Silver and Bulk Gold pages, or the individual product, for bulk discount pricing.