Bullion Purchase Processes

Bullion Buys-Terms and Conditions:

I am a Precious Metals Specialist with one of America’s leading bullion dealers with volumes in the hundreds of millions. This financial power gives us the ability to serve all your needs and across the spectrum of all the available products. I do this for several  important reasons:

  1. The margins are so tight that it is very difficult to replace the metal I sell and the difficulty in doing so that it simply isn’t worth it to do so on my own…yet, this is a much needed service. And I highly value owning physical precious metals.
  2. The volume/capacity problem is eliminated by working with a financial powerhouse, people who have all their assets tied up in precious metals.
  3. The ability to buy-back from our customers at tight wholesale levels. When you are ready to sell call me and I will set the process in motion and provide the instructions.
  4. The company takes care of the administrative details-this is huge.

Do you have a minimum order? I do not have minimum orders.  Some restrictions apply for international orders. For any orders shipped to Canada, our minimum order is $1,500.00 (USD) per transaction, and, at present, the only acceptable Canadian payment method is via bank wire. But, in practical terms, the shipping charges will dictate what is practical. Minnesota residents are subject to sales tax so the breakeven vs. the shipping charges is about $500. I can work with you on smaller orders so call or email and let’s discuss it. 

Do you have a maximum order? The short answer is no, however we do reserve the right to request a 10% deposit on orders deemed “significant” by us, before we will accept the order and lock in prices. On orders greater than $500,000, we recommend that you contact  me at 651-353-7972 to determine if a deposit will apply. 

How is my order shipped?  Orders are shipped Registered/Insured U.S. Mail or UPS. Each package is fully insured and will require a signature upon delivery. Packages sent registered and insured mail can take on average 5-10 business days.

  • $1 – $34,999: $36
  • $35,000 – $49,999: $62
  • $50,000 – $75,000: $84
  • $75,000 – $150,000: $120 USPS Registered, $160 UPS Overnight Only
  • Silver Eagle Boxes: $45 ea.

Note: These prices are per shipment, not per order. Some orders cannot be shipped in only one single shipment, and pricing will be based on the values and types of shipments.   

Is my package insured while in transit? Yes, we fully insure all of our shipments. Should anything happen while your package is in transit to you it will be covered by our insurance policy. However, we will not accept responsibility if you have left instructions with any carriers or delivery service to leave parcels un-attended for you without the need for a signature. Or, you have given them instructions to leave your package with someone else such as a building manager or a neighbor YOUR PACKAGE WILL NOT BE COVERED. When we ship to you, if metals are lost or damaged in transit, it is our responsibility to pursue any claim with the insurance company.  If we determine the package is lost or damaged, we file a claim.  Once the claim is filed, we reserve the right to re-ship your items or refund your money at our discretion.  

How long will it take to get my package?
Delivery can be expected on average within 5-10 business days of shipment. Your order may be shipped in multiple packages.  

Can you ship my order to a post office box?  Yes, orders shipped registered and insured US mail can be sent to a P.O. Box. If a different shipping method is used, you must specify a street address for shipment. A signature is required upon delivery of your package. 

PURCHASE PROCESS:

You will need to contact me initially to set the transaction in motion. Frankly, if you want to spend some time to  discuss options and alternatives your best bet will be to call me between 6:30 and 9:00PM CST so we can spend some time and make the process comfortable. Cell is 651-353-7972…email for now is coindealsforyou@gmail.com 

Once we come to some conclusion and agreement, I will confirm the pricing for you-this will entail a phone call or email and takes a little time-once you have agreed, the pricing is locked in and we have entered into a legal transaction. 

What happens if I don’t send in the precious metals after a price has been confirmed?  This is big kids stuff so You will be liable to cover any market loss we incurred by accepting the order to buy from you. Furthermore, you will not be permitted to buy or sell to us in the future. 

Can I cancel my order? Once we have issued a confirmation number, all prices are locked-in whether buying from us or selling to us. It is not our intention to enter into buying and/or selling transactions, accepting the risks involved only to have them cancelled. However, we realize rare situations happen where orders need to be cancelled. Should you elect to cancel and/or offset your order, you must do so during normal business hours of 8:00 – 5:00 CST Monday – Friday. All cancellations are subject our market loss policy. Cancellations may only be approved over the telephone, at which time you will be given a cancellation number. At that time any market loss will be calculated. We will invoice you in which you will have thirty days to pay the amount due in full. No future orders may be permitted until any market loss is paid in full. Any market gain on cancellations shall remain the property of our brokerage.  

Are my prices locked in when I place my order?  Yes. When you place an order over the telephone or online, you will be given a confirmation number that locks in your price. 

How long is my price locked in for?Your price is locked in for 5 business days on orders under $25,000 (USD) and three business days for orders more than $25,000 (USD). That is the time you have to make your payment.

Once you have placed an order you have entered into a binding agreement.

When ordering online, the price at which your order is submitted is the locked in price. Your confirmation number will be on the final order screen and in your return email.

You must ensure that your payment is dated within 24 hours and received by within five business days on orders under $25,000 (USD) and three business days on orders more than $25,000 (USD) to guarantee your price. Providing us with your credit card information is required to lock in pricing all orders for first time buyers.   You are responsible to cover any market losses should your order be cancelled. 

What forms of payment are acceptable?
Payment must be provided using:

  • Bank Wire
  • Certified check
  • Cashier’s check
  • Money order
  • Personal check. Try our check by phone option!  This option allows you to pay by personal check over the phone with no fees of any kind.

 

Do you have a holding period on cashier’s checks, certified checks and personal checks? Yes, we hold all certified, cashier’s and personal checks typically for 5 banking days.  Bank wires are considered immediate good funds and are not held for clearing of any kind. 

Where and how do I wire funds?   Upon placing an order and our issuing a confirmation number, we will provide you with complete instructions.  This will include our bank name, ABA routing number and account number.  

Please note: We only accept bank wires for an amount over $1500.00 (USD). 

How quickly will you need my payment? You must ensure that your payment is received within five business days on orders under $25,000 (USD) and three business days on orders more than $25,000 (USD) to guarantee your price. Miles Franklin reserves the right to cancel orders that do not meet this requirement. We recommend mailing your payment the same day your order is placed. 

I enjoy the communication process and have regular discussions with ongoing clients building positions. From time to time, certain asset items are better buys than others and on-going dialogue helps take advantage of those opportunities. Please feel free to contact me.

 

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