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MARKET LOSS POLICY

Our market loss policy applies to Bullion only. The term “Bullion” is used to describe Gold, Silver Platinum or Palladium coin(s), bar(s) or round(s) which closely follow spot prices and have little or no Numismatic value.

When buying from Rinkor Rare Coins, LLC, once we have issued a Sales Order confirmation number, you have entered a binding contract. Due to a fluctuating market, the transaction price is locked-in and may not be cancelled, and any corresponding Market Risk is transferred to you.

All cancelled Sales Orders, whether due to a default in payment or any other act committed by you that requires a cancellation, are subject to a $35 cancellation fee as well as any incurred Market Loss. Any Market Gain on the cancellation will be kept by Rinkor Rare Coins, LLC. A Market Loss will be incurred when the price of the precious metal falls below the price you agreed to purchase. Should this happen, you will be charged the difference between the original purchase price and the price at the time of cancellation. This amount plus the $35 cancellation fee will be deducted from the original payment method or charge to the credit card on file.

The following terms have the following meanings in the Market Loss Policy.

Bullion

  • The term “Bullion” is used to describe Gold, Silver Platinum or Palladium coin(s), bar(s) or round(s) which closely follow spot prices and have little or no Numismatic value.

    • Market Gain

  • The term “Market Gain” applies to Sales Orders cancelled by Rinkor Rare Coins, LLC. Market Gain occurs when the cancelled Sales Order is greater than the original agreed upon sales price.

    • Market Loss

  • The term “Market Loss” applies to Sales Orders cancelled by Rinkor Rare Coins, LLC. Market Loss occurs when the cancelled Sales Order is less than the original agree upon sales prices.

    • Numismatic

  • The term “Numismatic” refers to the study or collection of anything used as a medium of exchange.

    • Market Risk

  • The term “Market Risk” refers to the risk of losses in positions from movements in market variables like prices and volatility.

    • Precious Metal

  • The term “Precious Metal” refers to Gold, Silver and Platinum along with other rare, naturally occurring metals of high economic value.

    • Unit Price At Time Of Confirmation Unit Price At Time of Cancellation Quantity Difference Market Loss or Gain Incurred Fees
    $30 $25 20 -$5 per unit ($25-$30) x 20 = -$100 $100 + $35
    $30 $35 20 +$5 per unit ($30-$35) x 20 = +$100  $0
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