Frequently Asked Questions
It’s simple. Coin shops and most large online dealers have huge advertising expenses, office rent, building maintenance, marketing costs, and many other significant overhead expenses. Cornerstone Bullion can provide cheap bullion products at lower rates than coin shops because we don’t have any of those expenses. We lock our orders over the phone, directly buy and ship from some of the nation’s largest distributors, so you get many of the same great precious metal products, just without the additional costs associated with brick-and-mortar stores and massive online companies.
We don’t know, and honestly, neither do you. Here’s a few things we do know: (1) When FDR required the American public to turn in gold, most experts believe only a small minority actually did turn in their gold; (2) it would nearly impossible for the government to locate, much less confiscate a commodity that has been freely purchased, sold, and traded for decades; and (3) if the government did confiscate precious metals, we have no idea what they would confiscate, and what – if any – coins or bars they would exempt from confiscation.
Great question. We answer it in detail in here in our 101 Guide to Precious Metals.
No, we don’t. We won’t give your information out to the public, and we wouldn’t want to do that to our current clients either. However, you can check the reviews of our company on Gold Dealer Reviews, our “A” rating with the Better Business Bureau or our membership in good standing with the Industry Council on Tangible Assets .
“Bullion” is a term that refers to precious metals which are made, bought, or sold for the value of its metal content, not a special historical, collectable or numismatic value. While some bullion will carry a small premium over other forms of bullion (e.g. 1 oz coins versus 100 oz bars), the idea is the same – the coin or bar simply represents the weight and purity of precious metal which was stamped on the surface of the metal.
No we don’t. And we don’t believe they are a good investment for the vast majority of the investing public. Please see our discussion on numismatic coins vs. bullion under the “There are so many different kinds of precious metals. What kind should I buy?” discussion in the Precious Metals 101 Guide.
“As a private silver investor myself, I enjoyed investing in silver, but was frustrated by the premiums at local coin shops and traditional investment firms. I wanted to do business with someone I could trust and who could provide competitive rates. Since I couldn’t find what I was looking for, I decided to create it. My goal was to help everyday investors buy precious metals without using a storefront that cost tens of thousands of dollars per year to maintain. That’s why I started Cornerstone Bullion. As a “shop-less” coin shop, I was able to leverage my low operating costs and hundreds of thousands of dollars in purchasing power to provide cheap bullion for other investors. We now buy and sell almost every form of precious metal bullion and continue to serve thousands of clients around the US.”
– Chad Roach, President and Founder of Cornerstone Bullion
Cornerstone Bullion will generally buy back anything we sell to our clients. In addition, we will buy other forms of gold and silver bullion on a case-by-case basis. The price and premium will vary, so call us at (800) 558-4671 for a quote.
The copy of your USPS receipt with the package number serves as a valid confirmation of shipment.
We require that you ship through the US Postal Service. We HIGHLY recommend shipping for the full value of your shipment. Cornerstone Bullion will not accept responsibility for lost, damaged, or mis-labeled packages. It is your responsibility to properly ship and insure your package.
We will provide our address on the order confirmation we email you following our confirmed purchase of your bullion.
We have no minimums or maximums that Cornerstone Bullion will purchase. Pricing, trade terms, and purchase amount is subject to the sole discretion of our sales department.
We typically initiate payment within 1-2 days of receiving your shipment and verifying its contents. We will then mail you a check in first class mail. You may upgrade to overnight delivery, or for transactions over the size of $50,000.00, we will bank wire upon request at no additional charge.
All sales and purchase orders, once placed over the phone, are final and legally binding contracts between Cornerstone Bullion and our clients. For any questions regarding your order, please contact us.
Contact us regarding the personal drop-off of your bullion in the Denver area.
Only when required by law to do so. Read our 1099 Rules for more details.
For all silver orders of 500+ oz, and all gold orders of 20+ oz, shipping is free. In every order, all shipping charges will be included in the final quote you receive from Cornerstone Bullion.
In most cases, orders ship within 1-3 days from receiving “good funds.” (See our “Good Funds” policy for more information.) Our sales department will notify you if we expect further delays due to backordered product or delays in minting or manufacturing.
Cornerstone Bullion uses a variety of warehouses and shipping carriers to keep our costs as low as possible, and thereby keeping our prices low for you, our client. Most packages are shipped USPS Priority Mail, UPS, or FedEx. We fully insure each of our packages, and you will be expected to sign for the package upon delivery.
Yes. We take responsibility for the package up to the point of delivery to the address you provide. Once it has been signed for at the address you provide to us, it is your responsibility. If there is any tampering with the package, you must refuse the package. (See our Shipping policy for more details.)
Contact us if you don’t receive your package within the expected time frame (in most cases, you should receive your package within 3-7 days after we receive cleared payment from you).
Not all carriers provide detailed transit and tracking information on packages. Feel free to contact us to get the most recent information available on your shipment. In some cases, we may be able to provide a detailed tracking number.