Policies

Legal Disputes:

Although rare, sometimes disagreements or disputes arise in the normal course of any business. It is our strong preference to try and address any such issues personally and directly to find an amicable resolution. But if all else fails, we reserve the right to pursue matters legally if necessary to protect our rights. Any legal disputes with Abacus Coins & Bullion will be adjudicated in Brevard County, Florida.

Purchasers Claiming Tax Exempt Status:

Purchasers claiming exemption from any taxes due on the purchase of goods must submit resale or other exemption certificates to Abacus Coins & Bullion.

Tax:

FLORIDA RESIDENTS ONLY: Per Florida Law we are required to collect Florida Sales Tax on Foreign Coins / NON US Legal Tender and Bullion sales of $500.00 or less, all Legal Tender US Coins and Currency are Tax Exempt, and any US Bullion or Foreign Coins over $500.00 in a Single Transaction is Tax Exempt also. Contact us if you have any questions. Thank you.

Filing IRS Requirements for Cash Transactions:

Note that IRS regulations state that IRS form 8300 must be filed for cash transactions exceeding $10,000 within one calendar year.

Terms & Conditions of Sale Placing an Order:

We accept orders by email info@AbacusCoins.com M-F 11:00 AM to 7:00 PM EST, Saturdays 11:00 AM to 4:00 PM EST, (unless we are at a show) closed on Sundays, unless by prior appointment or by phone during business hours. We fill orders in the sequence in which they are received. We ask our customers to please note, that some of our items on our site are one of a kind in our inventory, and once they are ordered by one customer they cannot be ordered by another. As such, and in fairness to all, we kindly request that you order an item only if you are serious about it, understand and accept our price, and have sufficient funds to pay for it.

Pricing:

Our retail prices are based on what we believe are appropriate levels given the rarity, quality, supply and demand of the items offered and our cost to replace them. We do reserve the right, to change our posted price(s) at any time due to market fluctuations or simply to correct typographical errors and misstatements.

Trades:

We will consider any serious proposal you wish to make to trade your numismatic item(s) for coins in our inventory, provided that you inform us of your desire to trade before placing an order and we see the coin(s) in hand first.

Methods of Payment:

Personal/Business Check, USPS Money Order, Certified Bank Check, and Wire Transfers and Paypal are also accepted. We do not accept Credit Cards. Please let us know by email how you would like to pay.

Items Paid by Bank wire transfer, USPS money order, certified check, cashiers check or PayPal will be shipped within 2-5 business days of cleared payment. Items paid by personal check will be shipped within 4-9 business days of cleared payment, unless we have a history of successful transactions with you, or you can provide sufficient references.

Prompt Payment:

When you make a purchase from Abacus Coins & Bullion, you are personally guaranteeing that you will make prompt payment in full (including applicable taxes, if any) within 7 full days per agreed terms. If you make a purchase acting as an agent on behalf of another individual or corporation (in any capacity), the person signing for receipt of the goods personally guarantees prompt payment and agrees to be held personally liable for the consequences of the purchase.

Penalties for Late Payment:

Although we sincerely do not wish to do so, Abacus Coins & Bullion reserves the right to impose a late fee, or periodic charge, if a purchaser fails to remit full and immediate payment per agreed terms. The rate shall be calculated as 1.5% per month (18% per annum) of the unpaid balance due to Abacus Coins & Bullion. Additionally, purchasers agree to pay Abacus Coins & Bullion reasonable attorneys' fees and costs required to collect on past due accounts. Note that we will refuse orders from any customers with sufficiently shaky payment history.

Returns:

We want our customers to be happy with their purchases from us. Our 7-day return privilege gives you plenty of time to see if you like the coin(s) or if they will fit in your collection. If you are not happy with your purchase for any reason, feel free to return it for a full refund of your purchase price.

In order to return an item, it must still be sealed in the holder it was shipped to you in, If the holder is opened it cannot be returned. Rolls, Mint/Proof Sets are non returnable. All shipping charges are non-refundable, and must be returned the same way it was shipped to you. There is a 10% restocking fee on returnable items.

Coin Market Risk Factors:

  • The coin market is subject to substantial fluctuations including significant and rapid increases and decreases in value from time to time, especially in the bullion market.
  • The coin market is largely unregulated.
  • Certification by a major grading service does not guarantee protection against the normal risks associated with the coin market.
  • The degree of liquidity of a particular item will vary according to general market conditions, and there may be no active market at all for some items at certain points in time.

Please note: We do not quote prices over the phone or email for coins we have not seen. The value of coins fluctuates depending on the supply and demand in the current market. Dealer's do not and can not make your coin worth more or less than the actual coin market. Thank you.