When purchasing bullion metals from the Sovereign Mint Exchange LLC – S M X, once we have issued a confirmation number, the price is either locked-in for your order or inventory has been allocated to your order. The transaction may not be cancelled, but only offset at our current ask price. Sovereign Mint Exchange LLC – S M X’s, Market Loss Policy applies to all products offered on our website; however, it is generally more applicable to bullion metals related products as they are more volatile than Investment Grade or numismatic coin products. If the Sovereign Mint Exchange LLC – S M X has not experienced a loss between the time you confirmed your order and the time of cancellation, you may cancel your order without any fees. Any deficit between the price at which we sold to you and the offsetting purchase price and/or prices, is your responsibility only if your item(s) is cancelled or returned. That amount will be charged to you, plus a $50.00 cancellation fee. This is our Market Loss Policy. Any market gain on cancellations or returns shall remain the property of the Sovereign Mint Exchange LLC – S M X.
When selling to the Sovereign Mint Exchange LLC – S M X, once we have issued a confirmation number, the price is either locked-in for you or your confirmed sale to the Sovereign Mint Exchange LLC – S M X has been placed in the open market. Your transaction may not be cancelled, but only offset at our current buy price. Any deficit between the price at which we bought from you and the offsetting purchase price and/or prices, is your responsibility if we do not receive your items. The difference will be charged to you, plus a $50.00 (USD) cancellation fee. This is our Market Loss Policy. Any market gain on cancellations shall remain the property of the Sovereign Mint Exchange LLC – S M X.
The Sovereign Mint Exchange LLC – S M X reserves the right to refuse an order when the confirmed price is incorrect due to computer-related problems, pricing errors, incorrect item descriptions, or sudden movements in the precious metal markets. Furthermore, the Sovereign Mint Exchange LLC – S M X reserves the right to refuse or cancel any order deemed questionable, of significant risk to the Sovereign Mint Exchange LLC – S M X, or in potential violation of U.S. Anti-Money Laundering Laws, regardless of the price confirmation.
Your Sovereign Mint Exchange LLC – S M X order may be automatically canceled if we do not receive a payment within three (3) business days. Once you have placed an order with the Sovereign Mint Exchange LLC – S M X, whether through our website or over the telephone, you have entered into a binding financial agreement.
1. Authenticity Risks:
2. Grading Risks:
4. Investment Performance:
5. Unregulated State of the Numismatic Coin Market:
During the period in which relatively accurate statistics have been maintained, many numismatic and Investment Grade coins have shown an ability to appreciate as an asset; however, that does not guarantee this will continue. The past performance of numismatic and Investment Grade coins is not indicative of future performance; there is no way to predict what the future market may be for numismatic and Investment Grade coins. The Sovereign Mint Exchange LLC – S M X is always prepared to assist you in selecting coins for your portfolio or collection, we will do our best to assist you in acquiring assets that have the best opportunity to accomplish your goals; however, there is no guarantee. You understand that the decision to purchase bullion metals, numismatic or Investment Grade coins is ultimately your decision alone.
6. Bid Price:
The Sovereign Mint Exchange LLC – S M X is a major buyer of numismatic and Investment Grade coins in certain segments of the coin market. If you wish to sell your coins in the future, the U.S. Gold Bureau would appreciate the opportunity to provide you with a bid to purchase them from you, although the Sovereign Mint Exchange LLC – S M X cannot guarantee to make a bid on every coin. Should the Sovereign Mint Exchange LLC – S M X make a bid on your coins, it is the Company’s current practice, which is subject to change in its sole discretion, to offer to buy coins that we commonly sell during our normal course of business. The bid price is raised or lowered on a daily, even hourly basis, depending upon various market conditions.
7. Economic Forces:
*Please note: All investments involve risk, and coins, currency and bullion are no exception. The precious metals, numismatic coin, modern Investment Grade coins, and rare currency markets are speculative, unregulated and volatile and prices for these items may rise or fall over time.
8. Additional Risks & Considerations:
The value of a numismatic or rare coin is determined by multiple factors which can and do fluctuate independently from bullion prices. These factors include: the perceived scarcity of the coin, its quality, current demand, market sentiment, and economic factors. Bullion, rare coins and rare currency can go down as well as up in value. These items may not be suitable for everyone. The Sovereign Mint Exchange LLC – S M X does not determine the suitability of any specific person to purchase numismatic or Investment Grade coins, bullion or rare currency. You should consult with your independent financial advisor regarding whether an investment in numismatic coins, modern Investment Grade coins, bullion or rare currency is right for you. You should not acquire any products from Sovereign Mint Exchange LLC – S M X if you are not qualified to make your own financial decisions. You should obtain a thorough understanding of coin and bullion products before you acquire these products as a collector or investor.
The investment value of a numismatic or Investment Grade coin depends in large part on the price you pay. If you are acquiring any of the products offered by the Sovereign Mint Exchange LLC – S M X as an investment, you should evaluate its current market value, potential for appreciation and liquidity and consult independent sources regarding these factors. Since numismatic coins, modern Investment Grade coins, bullion and rare currency can decline in value, you should have adequate cash reserves and disposable income before considering acquiring a coin, currency or precious metal product. We do not recommend early withdrawal from accounts or securities which may result in substantial penalties or fees in order to acquire precious metals.
9. You should consult with your independent financial advisor
Notice: The Account Representatives at the Sovereign Mint Exchange LLC – S M X may be compensated through commissions; however, most staff members are also paid a salary or hourly rate. Their commissions, where applicable, are usually greatest on numismatic coins and modern Investment Grade coins as these products involve much more time and effort to procure, assemble, and maintain in a secure facility over their hold period by the Company. Their commissions are least on bullion metal related products. Their work experience, knowledge, background and training vary widely. They may receive, from time to time, undisclosed compensation for recommending specific coin or currency products.
Sovereign Mint Exchange LLC – S M X employees are not licensed as investment advisors and are not authorized to recommend the purchase or sale of any product or investment other than the products — specifically numismatic and Investment Grade coin products — sold by the Sovereign Mint Exchange LLC – S M X. Check with a licensed professional with expertise in a particular market before making a decision to buy or sell any security, bond, annuity or financial instrument.
Further, Account Representatives are not tax advisors and may not provide any advice regarding taxability, tax rates or related issues for any product the Sovereign Mint Exchange LLC – S M X sells. You should consult with your tax advisor regarding any questions about the tax implications of buying or selling bullion, rare coins, modern rare coins, or currency.
1. Electronic Order Entry Risk Disclosure and Disclaimer:
2. Limitation of Liability:
3. Possible System Failure:
4. Use of “cookies”:
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If you are having problems logging into our system, or the system cannot seem to find your username or password, please check your browser settings and/or any kind of cookie blocker you may have installed on your system and make sure it is allowing our website to set a cookie on your browser. This is the most common problem customers have when they are not able to login to our website.