Terms & Conditions of Sale

Because the value of precious metals and other alternative assets changes frequently, the following Terms & Conditions of Sale apply to your transaction and business with our Company.

1. Your order will be shipped to you via a secure, insured shipment method.

Please inspect your order and call us immediately if you have any questions. Any and all claims related to non-receipt, missing goods, damaged goods, or incorrect orders must be made within 5 days of the reported delivery date. If you believe you are missing something from your package – DO NOT DISCARD ANYTHING! Call us immediately at (281)-758-9887. You must retain all packaging materials, shipping box, etc. for insurance to be applicable to your order.

2. Bullion Metals:

a. All sales of bullion metals are final- there are no refunds.
b. We will buy bullion at the current bid price, which is generally very close to the COMEX “spot price” for precious metals.

i. Bid price is determined according to our ‘Sell To Us’ program, which is available on our website at: https://sovmintx.com/#sell-to-us

3. Modern Certified Coins:

  1. YOU MUST CALL THE SOVEREIGN MINT EXCHANGE LLC – S M X FOR A RETURN MERCHANDISE AUTHORIZATION NUMBER (RMA) PRIOR TO SENDING ANY MERCHANDISE BACK. RMAs expire 15 days after issuance.
  2. RETURNING MERCHANDISE WITHOUT AN RMA NUMBER WILL RESULT IN NO REFUND.
  3. Within 30 (thirty) days of receipt of Modern Certified Coins, you may inspect the items for 30 days (30 Day Product Inspection Period). If the products are unacceptable to you, you may return them, for any reason, for a product refund only. The shipping, handling, and insurance fee cannot be refunded. In cases where you have requested a shipping delay or shipping hold, the 30-day return period will begin on the original ready-to-ship date.
  4. In order to return your Modern Certified Coins during the 30-Day Product Inspection Period, you must call for an RMA within 30 days of receiving your Modern Certified Coins.
  5. You are responsible for the costs associated with packing, shipping, and insuring your Modern Certified Coins if they are being returned to our facility. You must insure your package for the full value of the products being sent to our facility.
  6. The Sovereign Mint Exchange LLC – S M X will accept a return of your Modern Certified Coins for up to 15 days after the 30-Day Inspection Period; however, returns that fall into this 15-day period are subject to a 10% restocking fee.
  7. Modern Certified Coins sold as part of a Diversified Investment Package are subject to a separate set of rules, as outlined below in section 5.

4. Pre-1933 Coins and other Rarities:

  1. Sales of Pre-1933 Coins and other Rarities may be able to be returned within 30 days of receipt, depending upon the specific classification and year of the coin. There are two categories: Common Date and Date Specific. Common Date coins are those coins manufactured prior to 1933 where the Sovereign Mint Exchange LLC – S M X selects a year for you at the time of shipment and invoicing (i.e. the year of the coin is not directly listed on the product page of our website). Date Specific coins are defined as those coins manufactured prior to 1933 where the Sovereign Mint Exchange LLC – S M X specifically defines the year of the coin you are buying on the product page on our website, and we only ship you that specific year of coin in the specific grade you selected. Special Orders are requests for the Sovereign Mint Exchange LLC – S M X to acquire an item on your behalf that we do not specifically offer for sale on our website at the time you placed the order. Special Order items are non-refundable; however, we will work with you to offer a bid to buy your item if you wish to sell it. As with all requests to return an item, you must request a Merchandise Return Authorization (RMA) prior to returning the items to our facility. Items received without an RMA will result in no refund.
  1. Common Date coins may be returned within 30 (thirty) days of receipt. You may inspect the items for 30 days (30-Day Product Inspection Period). If the products are unacceptable to you, you may return them, for any reason, for a product refund only. The shipping, handling, and insurance fee cannot be refunded. In cases where you have requested a shipping delay or shipping hold, the 30-day return period will begin on the original ready-to-ship date.
  2. Date Specific coin sales are final – there are no refunds. However, we will work with you to make a market for you if you wish to sell your Date Specific Pre-1933 coin.
  2. Special Order Pre-1933 Coins are those coins where you have requested, we source and sell you a coin that is not listed for sale on our website at the time you requested the item. We will work to accommodate Special Orders where possible; however, Special Orders are non-refundable as it is not an item the Sovereign Mint Exchange LLC – S M X normally carries in inventory.
  1. Special Order coin sales are final – there are no refunds. However, we will work with you to make a market for you if you wish to sell your Special Order coin(s).
  3. We will always work to offer a bid to buy Pre-1933 Coins and other Rarities at the current wholesale bid price.
  1. Bid price is determined as of the date the coins are received by the Sovereign Mint Exchange LLC – S M X

5. Diversified Investment Packages:

6. The Sovereign Mint Exchange LLC – S M X shall not be responsible or liable for claims arising out of the monetary value of the items purchased, or the price paid for the items. The buyer is aware of the market fluctuation in the price of precious metals and therefore assumes all risks associated therewith. There is no guarantee, promise, or assurance that the Sovereign Mint Exchange LLC – S M X is the lowest price provider of the items acquired.

7. Texas residents are not subject to sales tax on precious metals.
8. The Sovereign Mint Exchange LLC – S M X uses contemporary grading standards and interpretations to grade coins, and relies upon the opinions of independent coin grading services such as the Numismatic Guaranty Corporation (NGC) and Professional Coin Grading Service (PCGS). Both of these grading services are recognized as industry leaders and they guarantee, grade, and certify each coin to be authentic. The Sovereign Mint Exchange LLC – S M X relies upon those guarantees in selling coins. However, the Sovereign Mint Exchange LLC – S M X does not guarantee that the coins we sell will achieve the same grade from any other grading service.
9. Are there risks?
All investments involve risk – coins and bullion metals are no exception! The value of a bullion coin (e.g., American Eagle coins, American Buffalo coins, etc.) is affected by many economic factors, including the current market price of bullion, the perceived scarcity of the coins, and other factors. Some of these factors include the quality and current demand and general market sentiment. Therefore, because both bullion metals and numismatic and Investment Grade coins can go down as well as up in value, investing in them may not be suitable for everyone. Since all investments, including bullion metals and coins, can decline in value, you should understand them well and have adequate cash reserves and disposable income before considering a bullion metal or coin investment.

10. Can The Sovereign Mint Exchange LLC – S M X store my precious metals for me?
Yes, we can. However, if you have a larger quantity than what we would be comfortable with storing we have someone we can recommend. We recommend the Texas Bullion Depository for your precious metals storage needs. The Texas Bullion Depository is an agency of the State of Texas and is the only precious metals depository in the United States with government oversight that is available to the public for use. All deposits are capable of being stored in a segregated storage account (your metals are not comingled with other depositors), and all deposits include 100% all-risk insurance. The State of Texas operates the Texas Bullion Depository in the immediate proximity of the U.S. Gold Bureau, making logistics very simple when purchasing precious metals from the U.S. Gold Bureau for storage at the Texas Bullion Depository. You may find out more about the Texas Bullion Depository at: www.TexasBullionDepository.gov.

11. Do you report my purchase of precious metals to the IRS?
The Sovereign Mint Exchange LLC – S M X is not required to report your purchase to the IRS or any other federal, state or local agencies unless you fall under the Form 8300 requirement. If sales tax is applicable to your order, we are required to collect the sales tax from you at the time of purchase and remit it to the appropriate taxing authority; however, we are not required to report anything about the items you purchased.