Purchase and Sale of Gold Sovereigns & Gold Bars and additional services

Piraeus Bank is the only commercial bank in Greece that purchases and sells Gold Sovereigns, Half Gold Sovereigns and Gold Bars through its branch network.

Advantages

  • Gold Sovereign & Gold Bars are world renowned, broadly recognized, and an excellent choice for a meaningful gift
  • Gold Bars offered for sale are accompanied by certificates of authenticity
  • Customers can purchase and sell Gold Sovereigns and Gold Bars at all Piraeus Bank branches

How are Gold Sovereigns and Gold Bars purchased and sold

For English Gold Sovereign:

  • Purchase and Sale transactions of up to 30 items Gold Sovereigns and up to 60 items Half Gold Sovereigns are priced according to the FX and Banknote Bulletin issued by the Bank on a daily basis
  • Purchase and Sale transactions of more than 30 items Gold Sovereigns and more than 60 items Half Gold Sovereigns are subject to preferred pricing offered by Financial Markets Sales


For Gold Bars:


Gold Sovereigns and Gold Bars are subject to market risk. Their value is subject to change according to fluctuations in the price of Gold [USD/ounce] as well as exchange rates (EUR/USD) on the international markets.

Additional services

Piraeus Bank offers the following related Gold Sovereign and Gold Bar services:

Direct Appraisal

All Appraisals are conducted at the Bank’s specialized facilities in Athens and Thessaloniki, at which Specialists examine Gold Sovereigns and Gold Bars and determine whether or not they are acceptable for sale.

Appointments are booked via all Piraeus Bank branches.

Find your nearest Piraeus Bank branch

Appraisal via Branch

Arrangements can be made via all Piraeus Bank branches for the delivery and transfer of Gold to the designated appraisal facilities.

The Branch Officer receives the Gold from the client and arranges for the safe transfer and return.

Fees for the service are charged in accordance to the Bank’s designated Fee Bulletin.

Find your nearest Piraeus Bank branch

Features and Advantages

  • Customers may make an appointment through their respective branch and bring their Gold directly to the designated facilities. Alternatively, customers may have their Gold transferred securely via their respective Branch to the respective designated facility.
  • Appraisal service is performed by specialists at the Bank’s designated facilities in Athens and Thessaloniki, which are equipped with advanced spectrograph technology.
  • The service is offered irrespective of whether the Gold was purchased from Piraeus Bank.

Piraeus Bank offers Safekeeping of Gold Sovereign and Gold bars at its designated facility in Athens. The service is offered irrespective of whether the customer has acquired the English Gold Sovereign and Gold bars from the Bank. If however, the Gold has not been acquired by the Bank, appraisal must be performed before accepting Gold for Safekeeping.(see Appraisal procedure above). Fees for Safekeeping services are charged in accordance to the Bank’s designated Fee Bulletin.

Advantages

  • Reduces the risk of loss during transfer and possession of the Gold
  • Facilitates the immediate liquidation
  • Ensures against potential damage