Official Market Loss (“Ask to Ask”) Policy

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.

If you have additional questions about this policy, please feel free to email us at [email protected], or call us at (281) 758-9887.

Disclaimer: Risk Factors and Investment Considerations

1. Authenticity Risks:

Forgery and counterfeiting are risks associated with the purchase of rare coins. To minimize these risks, it is recommended that investors only buy coins certified by one of the leading independent coin grading services. With the exception of certain uncertified circulated coins, each coin sold by The Sovereign Mint Exchange LLC – S M X has been graded by either the Professional Coin Grading Service (PCGS) or by Numismatic Guaranty Corporation (NGC). Each of these coin grading services is recognized within the coin grading industry for its superior expertise, and each guarantee unequivocally that coins certified by it are authentic. Sovereign Mint Exchange LLC – S M X relies upon those guarantees in selling coins, and does not independently verify whether certified coins are authentic. Accordingly, the Sovereign Mint Exchange LLC – S M X disclaims any expressed or implied warranties associated with the coins, including that the coins are merchantable.

2. Grading Risks:

The value of a coin is highly dependent upon the condition, or “grade” of that coin. Since grading is a subjective process, there is risk in acquiring coins whose grades have not been independently certified by one of the leading independent coin grading services. The possibility exists that a coin could be misgraded by one of the independent grading services, and it is possible for such services to assign a different grade to the same coin upon resubmission. The guarantees provided by such services provide protection against misgrading, given the continuing solvency of the services. The Sovereign Mint Exchange LLC – S M X cannot be responsible for any of the services’ guarantees, or for subsequent changes in their policies and expressly disclaims any express or implied warranties associated with the grades assigned by PCGS and NGC.

3. Volatility:

The bullion metals and numismatic and Investment Grade coin markets are subject to substantial price fluctuations, including significant and rapid increases and decreases in value from time to time. Investors must be able to assume the risk of such price fluctuations. The Sovereign Mint Exchange LLC – S M X does NOT recommend owning precious metals, numismatic coins, or Investment Grade coins if you are unable to handle the volatility risk.

4. Investment Performance:

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.

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:

The success of an investment in numismatic or Investment Grade Coins is dependent, at least in part, upon extrinsic economic forces including supply, demand, international monetary conditions and inflation, or the expectation of inflation. The impact of these forces on the value of coins cannot be predicted with any certainty. No assurance can be given that an investor will be able to sell his or her coins at a price greater than or equal to their acquisition cost.
*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 Sovereign Mint Exchange LLC – S M X does not guarantee that any client buying for investment purposes will be able to sell for a profit in the future. The value of raw bullion and raw bullion coins (e.g., PAMP Suisse gold bar, raw Gold American Eagle, raw Silver American Eagle, Canadian Maple Leaf, South African Krugerrand, etc.) is largely determined by the current spot or market price of bullion. This price fluctuates throughout the trading day.

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

before disposing of any security, annuity, Certificate of Deposit or other investment to acquire numismatic coins, modern Investment Grade coins, currency or bullion. The Sovereign Mint Exchange LLC – S M X is not responsible for any changes in tax laws or other statutes which may affect any profit or salability of your coins or currency.

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.

Disclaimer: Use of Electronic Communications

1. Electronic Order Entry Risk Disclosure and Disclaimer:

The Sovereign Mint Exchange LLC – S M X specifically disclaims any liability or responsibility for orders placed via the company’s website or online order entry system, for any loses or direct, indirect, consequential or incidental damages which you may recognize or incur as a result of the use of the online order entry system. Further, the Sovereign Mint Exchange LLC – S M X specifically disclaims any liability for the interruption, cancellation or other termination of the online order entry system.

2. Limitation of Liability:

All orders placed through the order entry system are taken on a best-efforts basis. The Sovereign Mint Exchange LLC – S M X shall not be responsible for technical errors, pricing errors, negligence or inability to execute orders. Nor shall the Sovereign Mint Exchange LLC – S M X be responsible for any delays in the transmission, delivery or execution of customer’s order due to breakdown or failure of transmission or communication facilities, or to any other cause or causes beyond the Company’s reasonable control or anticipation.

3. Possible System Failure:

Order entry systems have been designed to provide an efficient and dependable method for entering orders. Commercial internet service providers are not 100% reliable and a failure by one or more of these providers may affect internet-based order entry. The customer acknowledges that the order entry system is a mechanical system and, as such, may be subject to failure beyond the control of Sovereign Mint Exchange LLC – S M X. The customer acknowledges having read and understands the Electronic Order Entry Risk Disclosure and Disclaimer.

4. Use of “cookies”:

  1. A cookie is a small data file that certain websites write to your hard drive when you visit them. A cookie file can contain information such as a user ID that the site uses to track the pages you’ve visited. The only personal information a cookie can contain is information you supply yourself. A cookie can’t read data off your hard disk or read cookie files created by other sites.

    The Sovereign Mint Exchange LLC – S M X uses cookies only to enable you to retrieve fresh quotes or place additional orders without having to re-enter your name and shipping information each time. Credit card and banking information is not stored in cookies and must be re-entered when it is needed.

    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.