Frequently Asked Questions
At Sovara Coins, we understand that buying and selling precious metals can be a big decision, and we're here to help make the process as easy as possible. Below you will find answers to our most commonly asked questions. If you don’t see what you’re looking for, please get in touch with our customer service team.
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Buying from Sovara Coins
1. How do I buy gold and silver from Sovara Coins?
Purchasing precious metals from Sovara Coins is simple and secure. You can browse our extensive range of gold and silver coins and bars directly on our website, add the items to your cart, and follow the checkout process. You will receive an email confirmation once your order is placed.
2. What payment methods do you accept?
We accept a variety of payment methods to ensure convenience for our customers, including:
- Bank transfer (BACS)
- Debit cards (Visa, MasterCard)
For large orders, we recommend paying via bank transfer for quicker processing.
3. Are there any additional fees when purchasing?
There are no additional fees, costs or hidden charges. Every order includes free Special Delivery and there are no taxes such as VAT to pay.
4. Can I place an order over the phone?
No, we do not accept orders over the phone due to fraud and security risks. All orders must be placed through our website to ensure the highest level of security for our customers.
Shipping and Delivery
1. What are your shipping costs?
We offer free insured delivery on all orders. Your items will be securely and discretely packaged and shipped using Royal Mail Special Delivery.
For high value orders, we may use a third-party courier.
2. How long will delivery take?
We aim to dispatch all orders within 1-2 business days of receiving payment. UK orders typically take 1-3 working days for delivery, depending on the shipping option selected at checkout. Please allow extra time during busy periods.
3. How is my order packaged?
Your order will be securely and discreetly packaged to ensure it reaches you in perfect condition. We use plain, unbranded packaging with no indication of the contents for your peace of mind.
4. Do you offer international shipping?
No, we currently only offer shipping within the UK.
Selling to Sovara Coins
1. How do I sell my gold or silver to Sovara Coins?
Selling to us is straightforward. You can visit our "Sell to Us" page, fill out a quick form with the details of what you wish to sell, and we will send you a competitive offer. Once you accept, you’ll ship your items to us, and we’ll transfer the payment once we’ve received and verified them.
2. Do you cover postage when selling to Sovara Coins?
No, customers are responsible for the shipping costs when sending items to us. We recommend using insured delivery options for added security.
3. How do I get paid for the items I sell?
Once your items are received and verified, we will transfer payment directly to your bank account via BACS within 1-2 business days.
Product Information
1. Are your gold and silver products authentic?
Yes, all our gold and silver products are sourced directly from reputable mints and refineries, ensuring authenticity. Each product is carefully inspected for quality before being listed for sale.
2. Do you offer graded coins?
Yes, we offer a selection of graded coins certified by reputable organisations such as NGC and PCGS. These coins are available with detailed grading reports to ensure transparency.
3. What is the difference between bullion and proof coins?
Bullion coins are primarily minted for investment purposes and have a lower premium over the metal's spot price. Proof coins are struck to a higher quality, often with a more detailed finish, and are typically more expensive due to their collectability.
4. Do you offer VAT-free silver?
While new silver bullion is subject to VAT in the UK, we also offer pre-owned silver, which can be purchased without VAT. Additionally, gold bullion remains VAT-free and Capital Gains Tax (CGT) exempt, making it a popular choice for investors.
Investing in Gold and Silver
1. Why should I invest in gold or silver?
Gold and silver are considered safe-haven assets that retain value during economic uncertainty. Many investors choose to diversify their portfolios by adding precious metals to hedge against inflation, currency fluctuations, and financial market volatility.
2. Is there a minimum order value?
There is no minimum order value at Sovara Coins. Whether you're purchasing a small amount of silver or a large quantity of gold, we are here to serve your investment needs.
3. What is Capital Gains Tax (CGT), and how does it affect my investment?
Capital Gains Tax applies to profits made from selling assets like shares, property, and some bullion. However, UK gold coins such as Sovereigns and Britannia's are CGT exempt, meaning any profits made from selling these coins are free from tax.
Account and Support
1. How do I create an account with Sovara Coins?
Creating an account is easy. Simply click on the 'Account' button at the top of the website and follow the instructions to register. Having an account allows you to track your orders, view past purchases, and manage your personal information.
2. How do I contact customer support?
You can reach our customer support team via email at richard@sovaracoins.com. We are available from Monday to Friday, 9 AM to 5 PM.
3. What if I have an issue with my order?
If you encounter any issues with your order, please contact our customer service team as soon as possible. We will work with you to resolve any problems quickly and efficiently.
Security and Privacy
1. Is shopping with Sovara Coins secure?
Yes, our website is secured with the latest SSL encryption to ensure that your personal and payment details remain safe. We also use secure payment gateways for all transactions.
2. How do you handle my personal data?
We take your privacy seriously. Any personal data you provide is processed in accordance with our Privacy Policy and the Data Protection Act. We will never share your information with third parties without your consent.
3. What are cookies, and how do you use them?
Cookies are small data files that websites store on your device to enhance user experience. We use cookies to personalise content and ads, provide social media features, and analyse our traffic. You can adjust your cookie settings via your browser.
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