All bulk holdings are fully segregated, sealed, annually audited, and 100% insured through an all-risk policy by Lloyd’s of London, the world’s leading insurer of specialized assets. Assets stored at Eureka 47-79 Corp., remain the property of the client, and independent of Eureka 47-79 Corp., balance sheet. In other words, client assets are held as bailment, not on deposit with the facility or as consignment. Unlike other facilities, client assets are never commingled.
Except for items that are sold to Eureka 47-79 Corp. (which incur no shipping charge), all metal that is withdrawn from the depository ships within 2 business days of withdrawal request via UPS Next Day Air Shipping, fully insured. Shipping rates are discounted using TPMD’s corporate rates.
Account value is calculated on a nightly basis using London 2nd fix spot metals prices.
*Additional coverage: For non-metal related storage items, or for numismatic and collectible coins that derive significant value from rarity or other unique attributes, clients are given the option to insure the product at a designated value. For example, one might insure a rare book for $1,000 or a collectible silver coin for $500. We reserve the right to accept or refuse items for storage.
All inbound packages are opened under camera. We offer to provide a fully-insured shipping label for those clients shipping items to the depository.
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