Declared value
Declared value is the amount you tell the courier your shipment is worth. FedEx Declared Value Coverage insures the package up to the declared value, with a cap around $50,000 per package on most lanes. Ounceo declares the full retail value on every shipment and pays the corresponding insurance line item.
Under-declaring saves a few dollars on insurance but voids coverage if anything goes wrong. We always declare the full value.
For orders above $25,000, FedEx's standard cap is reached and we add a supplemental policy via a Lloyd's broker.
Related terms
FedEx International Priority is the FedEx service tier used for all Ounceo shipments. It delivers within 1–3 business days to most countries, supports declared-value insurance, requires signature on delivery, and uses HS codes 7108.12 (gold bullion), 7106.91 (silver bullion), 7118.90 (legal-tender coins) on customs forms.
Investment-grade gold is VAT-exempt in the EU, UK, Switzerland, UAE, Singapore, and Australia. Silver is generally VAT-taxable (19–25% in EU, 20% UK, 8.1% CH, 0% on Singapore IPM, 0% UAE). Buyers are responsible for any import VAT at destination — Ounceo ships with accurate customs declarations.