Buying Precious Metals
What payment methods does Scotsman accept for precious metal purchases?
- Cash up to $10,000.00 for a single or related purchase per 24 hour period.
- Bank Wire. We highly recommend this payment method for purchases exceeding $10,000.00. Scotsman's bank wire details may be obtained by calling 800.642.4305.
- Cashier's Check/Money Order. Please Note: If the total amount of the purchase price exceeds $10,000, full payment has to be made with a single cashier's check.
In other words, payment may not be broken into two or more separate cashier's checks.
- Personal Check. We welcome personal check payments, but check payments must clear before we are able to make delivery of your purchased product.
The time it takes for a check to clear is normally four to 12 business days. If you have online banking, you will likely be able to see that your check has cleared before
we can. In this instance, you may take quicker delivery by printing out a copy of your cleared check and providing it to us.
The method used to deliver your purchased precious metals depends on the weight and value of the items. "Bulk" orders, such as cases of silver eagles, 100oz bars, and
bags of 90% silver coinage are generally shipped USPS Priority Mail. Orders consisting of just a few coins with a total value under $5,000 will most likely be shipped
USPS Priority Mail. Orders valued over $5,000, but not considered a heavy, "bulk" purchase, will usually be shipped either USPS Registered Mail. Regardless of the
shipping method used, your purchase will be fully insured during the entire process. In order to take delivery of your order, your signature is required.