Tips for Shipping Precious Metals Safely
The precious metals markets are vibrant and exciting. Whether you’re buying or selling silver, gold, or platinum, investing in precious metals can be a rewarding endeavor. However, it is important to know what to do when shipping precious metals. Dealing with precious metal can be tricky. These valuable metals are known to be soft and therefore need extra care. The slightest defects or errors during shipping can end up costing you thousands of dollars. You can take a few steps during the shipping process to reduce your risk of incurring losses.
Shipping in an Airtight Container
It is important to ensure they are protected from damage when shipping precious metals. Precious metals can be transported safely by wrapping and securing them in an airtight container. This type of packaging will protect the metals from exposure to moisture, which could cause corrosion or tarnishing, and prevent physical damage that would render the metal less valuable than when it was shipped.
Check How Much Your Shipment Weighs
When you’re shipping precious metals, it’s important to ensure that they get there in the same condition as when they left. Since the value of these metals is based on their weight and purity, any damage or loss due to negligence can be costly. Double-check how much your shipment weighs when shipping it and how much it weighs on arrival at its destination.
Ship Your Items With a Carrier You Trust
In the entire process, it is necessary to keep in mind that there are a lot of pitfalls when shipping any expensive orders, and therefore the customer must be very cautious in their choice of shipper. Try to check for reviews before selecting a shipper. Also, pick one that offers real-time tracking of the shipment.
Precious metal shipments are not covered by standard homeowner’s insurance policies or even business policies. You need specific coverage called ‘precious metal value-added coverage’ to be reimbursed if the shipment is lost, damaged, or stolen during transit. Therefore, you must purchase insurance.
Invest in Precious Metals Today
Orion Metal Exchange is a reliable precious metals exchange company in LA that offers the finest silver, gold, platinum bullion, palladium bars, and coins, as well as gold and silver IRA in America. Our firm allows you to purchase precious metals at a very affordable rate.