Own the asset
institutions call safe.
Shulhani deals exclusively in physical, allocated gold and silver — sourced through an established coin and precious metals dealer, delivered to you.
Tier 1 capital, explained.
Shulhani (שולחני) is Hebrew for "money changer" — literally "table man," from shulchan, "table." In Jerusalem during the Second Temple period, the shulhanim set up their tables in the outer court of the Temple to exchange foreign currency for worshippers — the same money changers referenced in Matthew 21:12. It's the historical root of the exchange banker's trade.
Under Basel III, allocated physical gold held by banks carries a 0% risk weighting and counts toward Tier 1 capital — the same tier as cash and government bonds. It's part of why central banks have kept adding to reserves.
This describes the regulatory standard for bank-held gold. It does not mean coins purchased at retail are held on a bank's balance sheet.
Gold isn't just an investment anymore — it's bank-grade capital.
For decades, gold sat in the same regulatory bucket as riskier commodities. That changed under Basel III. Regulators now treat allocated physical gold with a 0% risk weighting, letting banks count it as Tier 1 capital — the same category as cash and government bonds.
Silver tracks gold's monetary role while adding a second demand engine: solar, EVs, and AI infrastructure all consume real, physical silver.
The bottom line: the regulatory ground under precious metals has shifted. Shulhani exists to make that same asset class available to individual buyers — not as a bet, but as a foundation.
The regulatory classification that inspired our name. Central banks have been net buyers of gold for over a decade under this framework.
Institutional-Grade Standard
We deal in the same physical, allocated asset class banks use to meet capital requirements.
Established Sourcing
Every coin is purchased through Mish International Monetary Inc., a dealer with decades in business.
Transparent Pricing
Premiums over spot are shown plainly — no hidden markups.
Secure & Insured
Encrypted checkout, insured and tracked delivery on every order.
Featured coins
A sample of what we carry. Pricing is tied to spot plus a transparent premium.
American Gold Eagle (BU)
One of the world's most recognized gold coins, backed by the U.S. Mint. Saint-Gaudens Liberty obverse, eagle nest reverse.
American Gold Buffalo (BU)
24-karat gold, struck by the U.S. Mint. A favorite among collectors and investors.
South African Krugerrand
One of the most widely held gold bullion coins in the world since 1967. Paul Kruger obverse, springbok reverse.
Tonga 10 Pa'anga — Seoul 1988 (Proof-Like, Ungraded)
King Taufa'ahau Tupou IV portrait obverse, "Boxing Match" reverse. Same design as our NGC-graded proof (sold separately) — this example is proof-like in condition but not certified, priced off spot rather than as a fixed graded rarity.
American Silver Eagle
The most widely traded silver bullion coin in the U.S., Weinman's Walking Liberty design. Only 6 of this exact 2016, prestige-condition coin pictured are available. Beyond that, this coin may be included in tubes of 10 or 20 in random years and condition.
Cook Islands "Bounty" Silver Dollar (2020)
2020 Cook Islands 1 oz fine silver dollar, Elizabeth II obverse, HMS Bounty ship reverse. From Shulhani's private collection — a hard-to-find piece, with security features (fine guilloché micro-engraving) built into the coin's design.
Cook Islands "Bounty" Silver Dollar (2021)
2021 Cook Islands 1 oz fine silver dollar, same Bounty design as our 2020 piece. From Shulhani's private collection.
Somalia African Wildlife "Elephant" Silver Coin
2018 Somali Republic 100 Shillings, 1 oz .9999 fine silver, coat of arms obverse, African Wildlife Elephant reverse. From Shulhani's private collection.
UK "Year of the Pig" £100 Gold Coin (2019)
2019 British Royal Mint Lunar series £100 gold coin, 1 oz fine gold, Elizabeth II obverse (Jody Clark effigy), Year of the Pig reverse. From Shulhani's private collection — rare and sought after by avid collectors.
Fiji "Taku" Silver Turtle
2019 Fiji 1 oz fine silver dollar, Fiji coat of arms obverse, ornate turtle reverse. From Shulhani's private collection — a hard-to-find piece.
Tonga 10 Pa'anga — Boxing Match, Graded Proof
1988 Tonga 10 Pa'anga, "Boxing Match" design, XXIV Olympiad Seoul. Certified PF 70 Ultra Cameo by NGC, cert #4714249-002 — the top possible proof grade.
American Eagle pricing
Priced live off spot (shown above) plus a premium — Gold Eagles at 10%, Silver Eagles at 45%. Year of issue is randomly assigned from available inventory — request a specific year at checkout, subject to availability. Gold tube quantities (10 or 20 coins) are by-appointment purchases only — see Purchase Limit policy below.
Random-year lots may include earlier years mixed in with recent mintages. All years carry the same metal content and purity, so pricing is the same regardless of which year you receive.
| Product | Package | Metal Content | Spot + 10% |
|---|---|---|---|
| American Gold Eagle · Random year, e.g. 2019 · Spot + 10% | |||
| 1 oz Gold Eagle (BU) | Single | 1 oz | $4,466.20 |
| 1 oz Gold Eagle (BU) | Tube of 10 | 10 oz | $44,661.98 |
| 1 oz Gold Eagle (BU) | Tube of 20 | 20 oz | $89,323.96 |
| American Silver Eagle · Spot + 45% | |||
| 1 oz Silver Eagle (BU, 2016, prestige condition — only 6 available) | Single | 1 oz | $85.56 |
| 1 oz Silver Eagle (BU, random year/condition) | Tube of 10 | 10 oz | $855.65 |
| 1 oz Silver Eagle (BU, random year/condition) | Tube of 20 | 20 oz | $1,711.29 |
Formula: (spot price × troy oz) + premium. Prices on this page update automatically from a live spot feed (gold-api.com) every 60 seconds — no manual updates needed. If the feed is ever unreachable, the page falls back to the last known prices rather than breaking. Random-year assignment should be replaced with actual in-stock year(s) before launch.
Sales Tax
Calculated at checkout based on the buyer's state. Many states exempt investment-grade bullion above a minimum purchase amount or purity — confirm your state's threshold before publishing a fixed rate.
Insurance
Base coverage is included through postage/carrier insurance up to a set value. Orders exceeding that limit can add extra insurance at checkout to cover the full order value. [Confirm the base coverage limit and extra-coverage cost before publishing.]
Order Total
Final total = coin price(s) + sales tax + shipping (by weight, below). All orders ship fully insured with tracking.
Shipping & carrier fee reference — based on UPS 2026 rates
Modeled on UPS's 2026 Declared Value fee formula: first $100 of value free, $100.01–$300 flat $5.10, and $1.70 per additional $100 (rounded up) above $300.
⚠️ Important: UPS's own tariff excludes coins, cash, and raw bullion (over 50% gold/platinum by weight) from shipment terms and from Declared Value coverage — a claim on a lost coin shipment would likely be denied as an excluded commodity, regardless of the fee paid. The figures below are a cost-modeling reference only, not a representation that UPS insures these shipments. Shulhani's actual insurance is obtained through postage (USPS), which does not carry the same blanket exclusion on coins that UPS does — see the Insurance policy below for how base and additional coverage work. USPS Registered Mail in particular is built for high-value/precious items. UPS's declared-value cap is also $50,000 per package ($70,000 with Enhanced approval), so higher-value orders (e.g. a 20-coin gold tube) would exceed what UPS covers even in principle.
| Order Value | Example | UPS Declared Value Fee |
|---|---|---|
| Up to $100 | Single Silver Eagle ($85.56) | $0 (included) |
| $100.01 – $300 | — | $5.10 flat |
| $300 – $1,700 | Silver tube of 20 ($1,711.29) | $28.90 |
| $300 – $4,500 | Single Gold Eagle ($4,466.20) | $76.50 |
| $300 – $44,600 | Gold tube of 10 ($44,661.98) | $758.20 |
| Over $50,000 | Gold tube of 20 ($89,323.96) | Exceeds UPS's declared value cap — not coverable via standard UPS service |
Authenticity & sourcing
Every coin sold on Shulhani is sourced through a trusted, established dealer — not anonymous marketplaces or unverified sellers.
- Source Shulhani purchases coins from Mish International Monetary Inc., an established rare coin and precious metals dealer, affiliated with PCGS and NGC.
- Authentication The Tonga 10 Pa'anga Graded Proof ("Boxing Match" design, XXIV Olympiad Seoul 1988) is certified PF 70 Ultra Cameo by NGC — the highest possible proof grade — cert #4714249-002, verifiable at NGCcoin.com. [Confirm inspection process for non-slabbed inventory before publishing.]
- Chain of custody [Confirm: storage and handling from purchase through shipment.]
- Guarantee [Confirm: only state the guarantee you actually offer.]
About Shulhani
Shulhani (שולחני) is Hebrew for "money changer" — literally "table man," from shulchan, "table." In Second Temple-era Jerusalem, the shulhanim set up their tables in the outer court of the Temple to exchange foreign currency for worshippers, the same money changers described in Matthew 21:12. It's the historical root of the exchange banker's trade — and the reason our by-appointment location is named Outer Courts.
Today, Shulhani is a private dealer specializing in physical gold and silver coins for investors and collectors. Standard online purchases are typically single coins or small quantities, generally under $10,000 — larger transactions, like our gold tubes of 10 or 20 coins, are handled by appointment at Outer Courts.
Our name and positioning are also inspired by a modern banking standard: under Basel III, allocated physical gold is treated as a Tier 1, 0%-risk-weighted capital asset by financial institutions. We believe that same quality — tangible, durable, globally recognized value — makes gold and silver a smart addition to an individual's portfolio too.
Central banks have been steadily accumulating gold for over a decade, a trend that accelerated further with the regulatory shift under Basel III. We make that same asset class accessible to individual buyers, with transparent pricing, verified sourcing, and secure transactions.
Shulhani is a private precious metals dealer, not a chartered bank. "Exchange" in our name refers to the historical trade of money changing, not a claim to be a financial institution.
Payment, privacy & delivery
Payment
We accept PayPal and standard credit/debit card payment, processed through secure, encrypted checkout. [Confirm any additional accepted methods before publishing.]
Insurance
Every order ships with base insurance included through postage (carrier/postal insurance covering the shipment up to a set value). For orders whose value exceeds that base coverage, additional insurance can be purchased at checkout to cover the full order value. [Confirm the base coverage limit and the cost/process for purchasing extra coverage before publishing.]
Privacy
We protect customer information and do not sell data to third parties. Shulhani complies with applicable federal and state reporting requirements for precious metals dealers.
Returns & Delivery
Returns are priced at the spot price on the day and time the coin was originally purchased — not the spot price at the time of return. The premium, tax, and shipping/insurance charges paid at the time of purchase are already spent and are not refundable. Returned coins must be undamaged and in the same condition as shipped. [Confirm your actual return window, e.g. 3/5/7 business days from delivery, before publishing.]
Random Year Selection
American Eagle orders are fulfilled from available inventory and may include earlier years mixed in with recent mintages. All years carry the same metal content and purity, so pricing does not change based on year received.
Purchase Limit — Gold Coins
As a private dealer, Shulhani keeps standard online orders limited to one (1) gold coin per order — generally under $10,000. Multiple-coin quantities (tubes) can be viewed and purchased by appointment only, at 735 Green St., East Palo Alto, CA 94303 (Outer Courts), Monday–Friday 9:00am–5:00pm (closed Saturday and Sunday). Book an appointment →
Transactions at or above $10,000 — online or in person, including cash — are subject to federal reporting requirements (IRS Form 8300) regardless of order size or transaction type. Shulhani does not offer confidentiality from applicable reporting obligations, and does not structure transactions to avoid them.
What buyers say
Placing an order
- Choose your coin. Browse the Shop or Featured Coins and click Buy Now — the item comes pre-filled into the order form here.
- Submit your order details. Fill in your shipping address and preferred payment method (PayPal or credit/debit card) below.
- Get an on-screen order summary. After submitting, this page shows a confirmation summarizing exactly what you requested — item, price basis, and next steps — and opens an email to us with the same details.
- We confirm final price by email. Because gold and silver move throughout the day, we'll email you back to confirm the exact spot-locked price before payment is collected — this protects you from us charging a stale price.
- Pay securely. Once confirmed, you'll receive a payment link (PayPal or card) for the exact amount, including tax and shipping/insurance.
- We ship and confirm again. You'll get a shipping confirmation email with tracking once your order goes out, insured.
Gold tube purchases (10 or 20 coins) follow the same process but are completed by appointment at 735 Green St., East Palo Alto, CA 94303 (Outer Courts), Monday–Friday 9:00am–5:00pm (closed Saturday and Sunday).
Prefer to talk it through first? Email bfinefeuiaki@tieroneasset.com or call 1 (650) 642-6028.