TRADING PROCEDURES
Coin & Bar Pricing
Buying and selling is based on a premium or discount to the market at the time the trade is mutually agreed upon by you and us. Because of the volatility of the markets and the fluctuating premiums or discounts for various coins and bars it is impossible to list a precise premium or discount that coins, bars and medallions are bought and sold for. However, as a rough guideline and dependent upon markets and other conditions, costs for gold, platinum and palladium should be from $5 to 7% over market per ounce troy, when you sell to us $5 to 4% below market; silver between $0.50 - $5.00 per ounce troy over or under the market; other metals variable. For more precise pricing, we suggest you contact us at This email address is being protected from spambots. You need JavaScript enabled to view it. or, even better, call us at 1 800 543-3420 any time during normal New York business hours.
Shot, Sponge, et. Al.
Pricing of buy/sell premiums and discounts of precious metals in these forms, generally for industrial use, is more precise. For details, see shot and sponge trading chart.
Deciding when to buy and sell
The decision is yours. We will give you a quote on the particular vehicle (coin, bar, etc) for the amount you want to buy or sell just about any time during the normal trading day. We will explain the options, quote markets and provide as much information as we can so you can make an informed decision at the time you want. Don’t feel you have to be ready to trade when you call. Curious? Just want a little information? Want to just feel us out? Contact us. The most personal way is by phone at 1 800 543-3420 or 212 840-3286 or, if you prefer by email at This email address is being protected from spambots. You need JavaScript enabled to view it..
Locking in or fixing the price of the trade
Once you choose and agree to a vehicle, amount and price, the deal becomes contractual. This means that regardless of market movement or other factors thereafter you are obligated to buy or sell to us and we are obligated to sell or buy to/from you as agreed. You will be issued an order and/or invoice number and a total price plus any shipping costs should they be applicable. At your request we will fax or email a pro forma invoice. At our option you may be required to provide a deposit in good funds before a price is fixed and the trade effectuated; if so you will be informed in advance.
Payment & Delivery when you buy from us
Once a trade is effectuated and an order and/or invoice number issued, you have two business days to provide us with good funds-generally if it is under $5000 a bank check is acceptable; over $5000 by wire transfer. Once in receipt of your funds, the order will generally be available for pick up or shipping within 2 business days. These terms may vary on a case to case basis in which case you will be so informed upon executing the trade. Should you not provide good funds within 2 business days, we have the right, totally at our option, to purchase back the material at our normally discounted purchase price. You will then be liable for the difference. Should we have a deposit on hand that covers the difference, we will deduct the difference and return the balance of funds to you.
Delivery and payment when selling to us
Generally prices will not be locked in or fixed before we have received the material. In cases where we agree to fix the price before we have received the metal once the trade is effectuated and you are issued an order and/or invoice, you will have 2 business days to post or deliver to us the material. Once the material is received payment will be issued based on the method and timing agreed when the trade was effectuated, e.g. company check, bank check, wire transfer. Issuing of a bank check or wire transfer will incur a $25 processing fee. These terms may vary in which case you will be informed at the time the trade is effectuated.
Questions
Feel free to contact us at This email address is being protected from spambots. You need JavaScript enabled to view it.">This email address is being protected from spambots. You need JavaScript enabled to view it. or, even better, call us at 1 800 543-3420 any time during normal New York business hours. We will take all the time you need so you understand and feel comfortable with buying and selling precious metals whether or not you are ready now or even know if you will want to in the future. We are dedicated to providing you with the information so you can make your own informed decision.
Buying and selling is based on a premium or discount to the market at the time the trade is mutually agreed upon by you and us. Because of the volatility of the markets and the fluctuating premiums or discounts for various coins and bars it is impossible to list a precise premium or discount that coins, bars and medallions are bought and sold for. However, as a rough guideline and dependent upon markets and other conditions, costs for gold, platinum and palladium should be from $5 to 7% over market per ounce troy, when you sell to us $5 to 4% below market; silver between $0.50 - $5.00 per ounce troy over or under the market; other metals variable. For more precise pricing, we suggest you contact us at This email address is being protected from spambots. You need JavaScript enabled to view it. or, even better, call us at 1 800 543-3420 any time during normal New York business hours.
Shot, Sponge, et. Al.
Pricing of buy/sell premiums and discounts of precious metals in these forms, generally for industrial use, is more precise. For details, see shot and sponge trading chart.
Deciding when to buy and sell
The decision is yours. We will give you a quote on the particular vehicle (coin, bar, etc) for the amount you want to buy or sell just about any time during the normal trading day. We will explain the options, quote markets and provide as much information as we can so you can make an informed decision at the time you want. Don’t feel you have to be ready to trade when you call. Curious? Just want a little information? Want to just feel us out? Contact us. The most personal way is by phone at 1 800 543-3420 or 212 840-3286 or, if you prefer by email at This email address is being protected from spambots. You need JavaScript enabled to view it..
Locking in or fixing the price of the trade
Once you choose and agree to a vehicle, amount and price, the deal becomes contractual. This means that regardless of market movement or other factors thereafter you are obligated to buy or sell to us and we are obligated to sell or buy to/from you as agreed. You will be issued an order and/or invoice number and a total price plus any shipping costs should they be applicable. At your request we will fax or email a pro forma invoice. At our option you may be required to provide a deposit in good funds before a price is fixed and the trade effectuated; if so you will be informed in advance.
Payment & Delivery when you buy from us
Once a trade is effectuated and an order and/or invoice number issued, you have two business days to provide us with good funds-generally if it is under $5000 a bank check is acceptable; over $5000 by wire transfer. Once in receipt of your funds, the order will generally be available for pick up or shipping within 2 business days. These terms may vary on a case to case basis in which case you will be so informed upon executing the trade. Should you not provide good funds within 2 business days, we have the right, totally at our option, to purchase back the material at our normally discounted purchase price. You will then be liable for the difference. Should we have a deposit on hand that covers the difference, we will deduct the difference and return the balance of funds to you.
Delivery and payment when selling to us
Generally prices will not be locked in or fixed before we have received the material. In cases where we agree to fix the price before we have received the metal once the trade is effectuated and you are issued an order and/or invoice, you will have 2 business days to post or deliver to us the material. Once the material is received payment will be issued based on the method and timing agreed when the trade was effectuated, e.g. company check, bank check, wire transfer. Issuing of a bank check or wire transfer will incur a $25 processing fee. These terms may vary in which case you will be informed at the time the trade is effectuated.
Questions
Feel free to contact us at This email address is being protected from spambots. You need JavaScript enabled to view it.">This email address is being protected from spambots. You need JavaScript enabled to view it. or, even better, call us at 1 800 543-3420 any time during normal New York business hours. We will take all the time you need so you understand and feel comfortable with buying and selling precious metals whether or not you are ready now or even know if you will want to in the future. We are dedicated to providing you with the information so you can make your own informed decision.
