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THE ROYAL MINT'S SUMMER AUCTION
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SUMMER AUCTION
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U.S. Terms for the Sale of Historical Coins and Medals to The Royal Mint

The terms and conditions contained herein (the “Historical Coins and Medals Terms”) together with the Terms of Use, and all applicable Additional Terms are those under which we offer these Services. Capitalized terms not defined herein have the meanings given in our Terms of Use or Additional Terms, as the case may be. 

We will gladly accept inquires from you regarding the sale of historical coins and medals (the “Historical Item(s)”) to us. By engaging us for purposes of the sale of Historical Items, including without limitation posting of Historical Items on the Services, you hereby confirm that you accept the Historical Coins and Medals Terms and that you agree to comply with them. If you do not agree to these Historical Coins and Medals Terms, please do not use the Services.

Please note, these Historical Coins and Medals Terms do not apply to our purchase of:

  • Royal Mint Bullion Products which are held in our vault – for further information on this service, please see “Selling Products back to us” contained in our Purchases terms and conditions ; or
  • bullion which is not a Historical Item – for further information on this service, please see our terms and conditions.

You will not be able to use the services under these Terms if you are a resident of a restricted country or region listed .

We reserve the right to refuse to supply any valuation of any Historical Item(s) for any reason whatsoever.

  1. Information about us

1.1. We are a government owned company, registered in England and Wales under company number 06964873, with our registered office at Llantrisant, Pontyclun, CF72 8YT, United Kingdom (our premises). Our VAT number is GB 256 5227 96. We operate www.royalmint.com.

1.2. To contact us, please see our Contact Us page or email us on: customer.services@royalmint.com.

  1. Initial Steps

2.1. In order to apply to sell Historical Items to The Royal Mint, the customer must have a registered and approved account. Please see the terms contained in Opening and Managing Your Account for details on setting up and managing a Customer Account.

2.2. You must be the legal owner of the Historical Item which is to be valued, sold or attempted to be sold to The Royal Mint. You must be acting on your own behalf and not as the agent or representative of another person, individual, company or organization.

2.3. At the request of The Royal Mint, you must provide recognized documentation that complies with The Royal Mint’s requirements, including without limitation documentation demonstrating that the Historical Items you wish to sell is your own property.

  1. Valuation

3.1. The process of generating a valuation for a Historical Item and making an offer is as follows:

3.1.1. You must contact The Royal Mint customer services (customer.services@royalmint.com) for a preliminary valuation form. On this form, you are required to identify, describe and list the quantities of the Historical Item(s) being sent to The Royal Mint. This form is used to provide a preliminary valuation of the item(s).

3.1.2. The price which you are offered is an indicative valuation and is based on both the information which you have provided The Royal Mint as part of the valuation process and current market conditions (the “Indicative Valuation”).

3.1.3. The Royal Mint will endeavor to ensure that the Indicative Valuation is as close as possible to the sum you will receive when the item is received and valued although on occasion (for example, the item being of a lesser quality than expected) this may not always be the case.

3.1.4. If you choose to accept the Indicative Valuation which has been offered and choose to sell the Historical Item, a packing slip will be sent to you. This packing slip contains identifiable information by form of a unique reference number. This packing slip will show the dispatch address. This may not be the address which is listed on the website and it is your responsibility to ensure that items are sent to the correct address. Failure to do so may result in loss of the Historical Item and The Royal Mint shall not be held responsible for this.

3.2. Once you have posted the Historical Item(s) to The Royal Mint, the Historical Item(s) should be considered sold and the contract for sale shall be formed between The Royal Mint and you (the “Contract”). This is binding and the Historical Item(s) cannot be returned, or the Contract revoked, at a later date.

3.3. If The Royal Mint receives a Historical Item and the contents of the package are not the same as those which have been declared on the packing slip, it will inform you of this.

3.4. Once the Historical Item(s) have been received by The Royal Mint, the Historical Item(s) will be checked for authenticity and quality by trained experts to determine their value. The Royal Mint will endeavor to perform this valuation process within 2 – 4 weeks of receiving the Historical Item(s) and, although this is usually sooner, in the event of circumstances beyond the control of The Royal Mint, this may on occasion take longer.

  1. Incorrect and counterfeit items

4.1. If the Historical Item(s) received in this process proves to be materially incorrect in comparison to the details provided by you in accordance with Section 6.1, The Royal Mint will contact you and discuss either an alternative valuation or the return of the Historical Item(s) to you.

4.2. If, during the valuation process, the Historical Item(s) is found not to be authentic, The Royal Mint may contact and return the Historical Item(s) to you, provided The Royal Mint is legally permitted to do so. We may also contact the relevant legal, governmental or regulatory authorities without notice to you in such circumstances.

  1. 5. Postage

5.1. All Historical Item(s) sent to The Royal Mint must be dispatched via a recorded, trackable and adequately insured delivery service (such as Royal Mail Special Delivery Guaranteed ® service) and posted to the instructed address on the packing slip (the “Dispatch Address”).

5.2. The Historical Item(s) may also be dispatched:

5.2.1. by way of hand delivery to the Dispatch Address in accordance with The Royal Mint’s instructions; or

5.2.2. by way of a collection service from your registered address to the Dispatch Address in accordance with The Royal Mint’s instructions.

5.3. All Historical Item(s) posted to the Dispatch Address are at the customer’s own risk and any associated postage and insurance costs are to be incurred by you and shall not be paid by The Royal Mint. Insurance for the Historical Item(s) should be provided separately by your chosen delivery company. It is your responsibility to ensure the level of insurance offered by the delivery company is sufficient to cover the possible value of the Historical Item(s) enclosed within the delivery.

5.4. Historical Item(s) which are sent to the wrong address are your responsibility and not of The Royal Mint.

5.5. In accordance with Section 3.1.1, you are required to identify, describe and list the quantities of the Historical Item(s) being sent to The Royal Mint. The Royal Mint reserves the right to reject any forms (and the items they are sent with) which are not properly completed and signed. The Royal Mint also reserves the right to reject delivery of any package which appears to be opened, damaged, or tampered with in any way.

5.6. Safe transit of the Historical Item(s) is your responsibility until the Historical Item(s) is received and signed for by The Royal Mint or its elected agent(s) who may be acting on behalf of The Royal Mint.

  1. Title

6.1. Title to the Historical Item(s) shall remain with you until your Royal Mint Account has been deposited with the applicable funds in accordance with Section 7.

  1. Payment

7.1. Following satisfactory receipt and valuation of the Historical Item(s), payment will be made into your Royal Mint Account. The Royal Mint will endeavor to transfer this money within three (3) working days after receiving and valuing the Historical Item(s) and, although this is usually sooner, in the event of circumstances beyond the control of The Royal Mint, this may on occasion take longer.

7.2. Payments made to your Royal Mint Account may be withdrawn and deposited into your elected bank account or used across the website by you to purchase other items. Any funds held within your account must comply with the terms contained in Opening and Managing your Account.

  1. Limitation of Liability

8.1. Whilst Historical Item(s) are in transit to The Royal Mint it is your responsibility to ensure that items are adequately insured against loss, damage or theft. The Royal Mint strongly suggests you inquire with the relevant chosen postal service regarding an adequate level of cover as The Royal Mint is unable to offer assistance with this.

8.2. It is solely your responsibility to ensure you dispatch the Historical Item(s) to the Dispatch Address and that you include all relevant and required completed documentation.

8.3. If you choose to post a Historical Item(s) to The Royal Mint without first requesting a valuation, or for any Historical Item(s) sent to The Royal Mint without a completed customer form, The Royal Mint may be unable to locate the item. The Royal Mint shall not be held responsible for any loss or damage to any Historical Item(s) at any time before reaching the Dispatch Address.

Dated 19/12/2022.

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