Conditions of Use

Part I: General Information About Buying AOCS Approved medallions from Us

The AOCS Mint is a major dealer in silver throughout North America. We routinely buy and sell this precious metal for both industry and personal investing. We offer a wide variety of AOCS Approved products.

We want to be your AOCS Approved dealer of choice both today and in the future, and we work hard to make this happen. We strive daily to bring you the highest quality AOCS Silver at the most reasonable price. We are proud of our loyal customers. If you’re new to buying silver, bartering, or the American Open Currency Standard, please give us a try; you’ll like what you see. Consider these features we offer our customers:

• Lowest premiums charged by anyone we know in the industry
• No hidden charges
• Free shipping within the contiguous U.S. for all orders greater than 100 ounces, and a low flat-rate of $5.95 for smaller orders
• Low minimum order quantities
• No sales tax charged on your order
• No account setup – you can simply order over the telephone or over the internet
• Simple payment by either personal check, cashier’s check or bank wire transfer (no credit cards)
• Delivery is by fully insured shipping via United States Postal Service
• Orders of $250,000 or more must be approved by our Mint Manager before completed

Hours – Order any time online or call the office 8am to 5pm Central Time weekdays

Sales Tax - We are not required to collect state sales tax for Silver sales to you.

Part II: Summary of Terms Regarding Buying Bullion from Us

Our Bullion Terms of Sale contains the full terms and conditions governing our AOCS metal sales. However, here is a select summary of 12 of those terms highlighting how we sell metal. If there is any difference between these summary items and the full Bullion Terms of Sale, the Bullion Terms of Sale shall control.

1. Placement of Bullion Order Creates Binding Legally Enforceable Agreement – NO CANCELLATIONS! We are a leading silver dealer with the substantial need to maintain our good name and competitive position. As such, we are entitled to rely on the verbal promise from you to pay for your order. In furtherance of this, once you have placed a order with us, either over the telephone or through our website, you create a binding legally enforceable agreement to pay for your bullion order. Once you’ve placed your order, we do NOT allow any cancellations by you before you have paid for your order.

2. Minimum Order Quantities / Orders of $250,000 or More Must be Approved The minimum orders for customers depends on the Medallion and availability, and can be a mix of various medallions. All bullion orders $250,000 or more are subject to approval by our bullion manager before completion.

3. Payment / Holding Times Payment shall be in U.S. Funds only. Once you have placed your order with us, you are obligated to pay us in full by any of the following three methods (credit cards are NOT accepted):

1. Personal Checks / 10 Day Hold – Any payment made by personal check must be postmarked within two (2) business days of placing your order, AND received by us within ten (10) business days of placing your order. Once received by us, there is a ten (10) business day hold on your order while your personal check clears the banking system.
2. Cashier’s Checks or Money Orders/ 5 Day Hold – Any payment made by cashier’s check or money order must be received by us within ten (10) business days of placing your order. Once received by us, there is a five (5) business day hold on your order while your cashier’s check or money order clears the banking system.
3. Bank Wire Transfer / 24 Hour Hold – Any payment made by bank wire transfer must be received within one (1) business days of placing your order. Once received by us, there is a 24 hour (one business day) hold on your order while your bank wire transfer clears the banking system. See our Bank Wire Instructions to wire us your payment. NOTE: We reserve the right to require payment by bank wire transfer either for large orders; or during periods of heavy trading.

4. Payment Addresses for Check/Money Orders

Regular Mail Address:

American Open Currency Standard Mint
PO Box 418
Frisco, TX 75034

Bank Wire Transfer Instructions: Bank wiring instructions will be sent via email after an order is placed.

5. E-mail Order Confirmation and Invoice / Buyer to Allow E-mails from Us After you’ve placed your order, we will send you a note confirming your order and an invoice via email. Failure by you to receive this does NOT invalidate or otherwise cancel your order with us; you are still obligated to pay for your order in full and on time.

You shall take all steps necessary, including updating address books and adjusting spam or junk-mail filters, to ensure that you can timely receive all e-mails from us, complete with any attachments, in furtherance of this Agreement.

6. Recording of Order You consent and agree that we may keep a recording of your order to verify the terms of your purchase, aid in training, auditing or quality control, comply with any laws as now exist or may hereafter exist, or for any other reason reasonably related to the business of dealing in bullion.

7. Shipping Time Our policy is to ship orders promptly after you have properly paid us. Our estimated lead time for shipment is currently (0-3) up to three weeks. However, reductions in inventory resulting from an increased demand for certain products and other reasons may delay shipping. If we cannot ship your order within the delivery time represented to you at the time of purchase, we will inform you prior to the expiration of that period of time that we are unable to meet the delivery date, and you may buy-back your order and obtain a full payment of the prevailing market price at the time of liquidation.

8. Reservations of Right In addition to the other rights in the Terms of Sale, we reserve the following rights unto ourselves:

1. Right to Refuse Service to Anyone. We reserve the right to refuse service to anyone.
2. Right to Correct Erroneous Orders. We reserve the right to correct any order for obvious errors or computer-related problems. We will make a good faith effort to notify you of any correction of your order.
3. Right to Cancel Any Pending Sales. We reserve the right to cancel any pending sale at any time for any reason. If we exercise this right, we shall cancel your order, including delivery of your bullion, and we shall notify you and refund you all monies you may have paid to us on your order, less any costs and fees associated with cancelling your order.
4. Right to Require Payment by Bank Wire for Large Orders or During Heavy Trading. We reserve the right to require payment by bank wire transfer for large orders; or during periods of heavy bullion trading.
5. Right to Change Terms of Sale. We reserve the right to change the Bullion Terms of Sale at any time without notice.
6. Right to Accept or Reject Any Late or Defective Payment After Market Comparison. We reserve the right to either, (1) accept any late or defective payment, including liquidation payments, after a market comparison to determine what is most advantageous for us, or (2) reject any such late or other defective payment, including liquidation payments, that doesn’t comply with the terms of this Agreement.
7. Right to Withhold Shipment for Unpaid Multiple Orders / Right of Offset. In the event you place multiple orders with us and pay for one or more orders, but fail to properly pay for other orders, we reserve the right to withhold shipment on any paid orders, until the unpaid orders have been resolved to our satisfaction, including the Right of Offset. The “Right of Offset”, shall mean our right to apply any customer’s paid order’s proceeds and product against any of that customer’s other unpaid order’s proceeds and product. If the customer shall thereafter have a net balance owed to us, we may thereafter involuntarily liquidate the remaining net balance owed as provided herein. If the customer shall have a net balance remaining for shipment, then we shall ship the remaining portion of the order as provided herein.

9. Computation of Time. Unless some other time counting mechanism is expressly stated herein, the first day for computing the time period shall be the first business day after the respective transaction. If the last day shall fall on a weekend or federal holiday, or any day the London Metals Market Fixing is closed, then the last day shall be moved forward in time to the first day that is not a weekend, federal holiday or any day the London Metals Market Fixing is closed.