Frequently Asked Questions
Can I buy over the counter from you?
On occasion you can – As Merrion Gold only buy to order we do not hold stock all of the time. Occasionally we will have certain products in-stock on the premises – it is best to call ahead and let our trading desk know what you are looking for – they will be able to tell you if they have the products in-stock. Merrion Gold is situated within Merrion Vaults. Ireland’s only purpose built independent safe deposit facility, ensuring the highest level of discretion and security.
Can you store my precious metals for me?
Yes, you can avail of the option of renting a safe deposit box in Merrion Vaults. The box will be in your name and only you will have access to it. The rental is a set annual fee, which means that you can store as much in your box as it will allow without being subject to precious metal price fluctuations experienced when charged a % fee of the value of your metal with other storage providers. You can also store many other items in your box, not just precious metals.
What forms of payment do you take?
We accept payments by the following methods only – cleared cheques, bank transfer and cash. We do not accept payments by Credit/Debit Card for gold purchases.
Should I buy coins or bars?
The coins and bars that Merrion Gold supply are all investment grade, solid gold products. Each bar and coin carries a premium above the spot price of the metal. The premium is determined by the availability, desirability, mining, minting and refining costs. Typically, coins command higher premiums than bars. Unless you have a preference for a particular item, it would be cheaper to purchase bullion bars.
Which type of coins should I buy?
This is really a personal preference. The gold content in coins vary from 90% to 917/1000 to 999.9/1000 – this does not necessarily mean that a coin with 90% gold content is worth any less than the coin with 999.9/1000 purity – in the world of coins supply and demand is also a factor. Talk to any of our team for more details on the different types of coins available to you and what will suit you best.
Do you base your buying / selling prices on the live bullion price?
Yes, we take the live price and add/subtract the premium applicable to the particular coin or bar.
Will I get the price as quoted on the website?
The prices on the website are for indicative purposes only. Please ring us for a live price.
What are your delivery methods and costs?
Clients can pick their bullion up in our secure office, chose to have it stored in your own box, for a set fee or we offer nationwide, insured delivery. The cost will be determined by the weight and value of the package.
How long will it take to receive my order?
Unless otherwise specified please allow 3-5 working days for delivery. Depending on the order, on most occasions delivery is within the 3 days.
Will you buy back my coins and bars?
Yes, Merrion Gold offer a buy back service.
How do I sell bullion back to you?
If the bullion is stored in your own box in Merrion Gold, you can attend our facility and remove the bullion and a purchase price will be agreed. If you have taken possession of the bullion, simply bring it back in and after a simple authentication test, a purchase price will be agreed.
How do I know that my coins and bars are genuine?
Merrion Gold only deal in coins and bars from LBMA approved, internationally renowned and recognised refineries. Furthermore, we have full 5 level testing capabilities in-house. Every gold product which passes through Merrion Gold is fully tested.
How do I know my items are safe when vaulted with you?
Merrion Golf is situated within Merrion Vaults, Ireland’s leading independent safe deposit box facility. The vault was purpose built and approved by Lloyds of London for insurance purposes. The box will be in your name and only you have access to it, throughout the period of your rental.
Who owns Merrion Gold?
Merrion Gold is owned by Seamus Fahy and David Walsh who also own Merrion Vaults Ireland’s only purpose built Safe Deposit box facility. We have bullion trading offices in Scotland and England also.