Australian Bullion Company

The Australian Bullion Company (ABC)was established in 1972 and is the oldest wholly Australian owned and operated gold and precious metals bullion company in Australia. They reside in the central of Melbourne in the Whales Building at the corner of Swanston and Collins Street. You can't get more central than that.

The Managing Director of ABC is one Peter August. He is also the founder and CEO of the Melbourne Mint, the founder and Managing Director of numismatics company, Universal Coin Co, and the founder and Managing Director of Gold Merchants International (GMI).

The Deputy CEO is Tom Vlahos and since joining the companies in 2007, Mr Vlahos has piloted numerous programmes and strategies that have helped position GMI as the largest independent gold buyer in Australia. Services

At ABC, one can buy, sell and invest in gold, silver and other bullion such as platinum and collectable precious metal coins. There is also a storage facility where one can store ones precious metals and other valuables for a nominal sum.

ABC is recognized worldwide with a long standing reputation for excellent quality products and fine service.

Access to bullion is easy. As well as being able to buy and sell bullion on the spot, with ABC there is also:

Competitive daily pricing
An opportunity to place future orders
Operational storage accounts to purchase and sell physical gold and silver
ABC has the ability to enable customers to buy and sell over the phone
Instant cash payment is available on all bullion and jewellery purchases
There is a highly secured, armoured truck and safe premises
A fully insured storage facility for their customers

You can browse products on their website and Add To Cart any product/s you wish to purchase and proceed to checkout. Note that as one is dealing with a fluctuating price there is a 5 minute time limit to lock in the price.

To buy or sell for the first time, there an ID process to go through, with 100 points required much like opening a bank account. Once that is done and you are an established customer the rest of any transaction is smooth running.

You can pay or receive funds through a bank to bank (electronic funds transfer).

You can go to their office in Melbourne (as I have done) and buy or sell bullion over the counter. The address is, Level 10, 227 Collins Street (Wales Corner Building), Melbourne, Victoria, Australia 3000. Vault storage for valuables is available onsite (no fee for service) with 24 hours' notice understandably required for collection and photo ID required of course.

ABC will buy unwanted yellow or white gold, platinum, silver bullion or jewellery for instant cash. This can be done by presenting what you have at their counter or filling in the form on ther website. This includes Rings, neckpieces, bracelets, brooches, pins, charms, earrings, cufflinks - matching or broken. Also scrap gold, silver or platinum such as Nuggets, Bullion Bars and Melted down gold, Coins, Pendants and Medals. Of course all stones and superfluous material is removed before the weight and purity of the piece(s) is established and the price will be the market price at the time.

As an indication, the purer the gold the higher the price per gram

24ct is pure Gold at 99.99%
22ct gold equals 91.6% purity (reflecting a combination of other metals)
18ct gold equals 75% purity (reflecting a combination of other metals)
14ct gold equals 58.5% purity (reflecting a combination of other metals)
9ct gold equals 37.5% purity (reflecting a combination of other metals)

Storage
The Australian Bullion Company in Melbourne offers a highly secured, insured and monitored storage for their customers, free of charge. This storage is referred to as Vault Storage.

Opening a Storage Account is a convenient option for customers who wish to maximise the benefits of a buying market and order bullion or even sell part of their holding if the price is right.

Securing the daily rate requires the agreed funds to be transferred into the ABC banking account and once cleared and identified; appropriate order will be physically moved into your Vault storage account. It also allows those customers who do not reside in Melbourne Victoria to effectively operate and trade in the bullion investment market. Distance is NOT a hurdle.

To facilitate the opening of an account (Vault Storage) suitable identification documents need to be sighted and held on file together with a completed form attached.

Contact details:
Website: www.australianbullioncompany.com.au
Phone: +61 (03) 9654 8166
Fax: +61 (03) 9654 8167
Address:
Level 10, 227 Collins Street (Wales Corner Building)
Melbourne, Victoria
Australia 3000
Postal Address:
PO Box 27, Flinders Lane
Melbourne Victoria 8009

Conclusion
I have had experience both buying and selling precious metals with the Australian Bullion Company and can state they are quick, effective and prompt in their service

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