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Terms for Collecting Pre-Sold Coins and Associated Delivery, Storage Fees Announced

Terms for Collecting Pre-Sold Coins and Associated Delivery, Storage Fees Announced

Shahre Bours- in 1403, the Iran Currency and Gold Exchange Center conducted three phases of pre-sales for various gold coins at fixed prices. The first delivery phase begins today, Wednesday, May 31, 2024, for coins purchased on March 1, 2025.

Pricing and Collection Process

Buyers who participated in the March 1 pre-sale secured full coins at 65.7 million tomans, half coins at 36.85 million tomans, and quarter coins at 18.5 million tomans. They can now collect their coins by adhering to the conditions outlined in the official announcement on the Exchange Center’s website and visiting their selected bank branches as registered in the coin auction system.

Delivery and Fee Structure

Buyers have a seven-working-day window from May 31, 2024, to collect their coins by paying a delivery fee of 300,000 rials per coin at designated bank branches. For those collecting coins between 7 and 14 working days after the due date, an additional daily storage fee of 500,000 rials per coin applies, including holidays, to cover storage costs.

Delivery Schedule and Scale

The Central Bank reported that over 736,000 coins were pre-sold nationwide. Deliveries are scheduled across seven dates to ensure an orderly process:

  • May 31, 2024

  • June 20, 2024

  • July 21, 2024

  • August 20, 2024

  • September 21, 2024

  • October 21, 2024

  • November 18, 2024

Social media posts on X highlight strong public interest, with some users noting smooth early deliveries and others seeking clarity on branch locations. The structured delivery plan reflects the Central Bank’s efforts to stabilize the gold market and ensure transparency for investors.

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