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BUY BACK POLICY
While current law discourages the practice of guaranteeing to repurchase the coins and bullion sold, Stanford Coins & Bullion offers a Buy-Back option at wholesale bid prices on any certified U.S. coins purchased from the company.
On coins purchased elsewhere, clients or prospective clients may be initially offered a sight-unseen bid. They are instructed to send the coins by Registered and Insured mail, return receipt requested, through the U.S. Postal System, with a preaddressed, registered and insured envelope for possible return of the coins to Stanford Coins & Bullion for inspection.
Upon receipt of the coins a sight-seen bid will be determined based upon Stanford Coins & Bullion inspection of the coins. It is possible that the sight-seen bid is more favorable than the original sight-unseen bid. Stanford Coins & Bullion is not obliged to issue a sight-seen bid and may return the coins to the prospective client using the preaddressed, registered and insured envelope provided by the prospective client. If no envelope has been provided, Stanford Coins & Bullion shall return the coins via Registered mail, and shall not be liable for loss of the coins while transported by the U.S. Postal Service.
If the prospective client determines that he or she would like to sell the coins to Stanford Coins & Bullion at the sight-seen bid prices they are issued a Purchase Order number.
Stanford Coins & Bullion does not offer a Buy-Back option on modern issue or bullion coins, such as American Gold Eagles, Canadian Maple Leafs, Austrian Philharmonics, among others. However, there is always a secondary market in which these bullion coins can be sold, and we may agree to purchase a client’s bullion coins at their current market value.
SALES, PAYMENT TERMS AND SHIPPING
Sales and Accounting Procedures (retail sales, unless otherwise noted)
• When a sale is consummated the Account Executive generates an invoice and advises the client
of the total amount due (prices of items plus $25 shipping charge) and the invoice number.
The client has the option of immediately mailing a check for the total with
the SC&B invoice number noted on the memo line or the client may wait until he or she receives
the invoice by mail.
• Upon receipt of the invoice the client has 14 days to submit payment, which is typically considered
to be within 30 days from date of sale. SC&B may determine special circumstances which may extend
this period.
Terms of Payment and Shipping
The form of payment determines when the order is shipped out. Acceptable forms of payment and their corresponding release schedule (shipping date) are as follows:
• When the order is paid for with client’s personal or business check, funds are aged for a
period of 8 working days after receipt, in order to confirm the check's validity.
• When the order is paid for with a bank cashier’s check, orders are shipped 5 working days after receipt.
SC&B will not accept or deposit cash equivalent instruments such as: money orders, cashier checks,
or traveler’s checks in amounts less than $10,001 from clients.
• When the order is paid by credit card (MasterCard, Visa, and Discover) orders are shipped
3 working days after authorization of said card.
• When the order is paid for by either wire transfer of funds or management-approved client trade-in,
orders can be shipped the next working day.
• SC&B shall not accept cash for transactions (retail or wholesale), under any circumstances.
Orders are shipped by USPS Registered and Insured mail, unless client designates FedEx.
Return Policy
The client has 7 days from receipt of their certified coins to return them to SC&B for a full Refund, shipping charges not included. Bullion is not subject to this Return Policy.
Other Options
Clients’ other options include Trade-Ins toward purchasing other SC&B products, Buy-Back at wholesale/bid pricing, consigning their coins to SC&B to sell, consignment to Superior Galleries of Beverly Hills auction (at 0% fees through SC&B).
Anti-Money Laundering Policy
POLICY STATEMENT
Money laundering is the process of disguising illegally obtained money so that the funds appear to come from legitimate sources or activities.
It is the policy of Stanford Coins & Bullion, Inc. (SC&B) neither to participate nor otherwise to assist in money laundering. It is SC&B policy and commitment to comply fully with anti-money laundering legislation. SC&B will cooperate with the government authorities charged with the responsibility of administering the provisions of the applicable legislation with respect to the investigation of any suspected money laundering activities. SC&B will comply fully with any legal order relating to the investigation of money laundering activities.
Online Inventory
All online inventory is based on availability. Prices are subject to change. |
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