The AOCS Coin Club is a simple way of aggregating similar silver purchases to reduce the cost for minted AOCS rounds of .999 fine silver. This is achieved by combining everyone’s orders and placing them directly with the mints and refineries. The goal: to ultimately grow our group to where we are placing weekly orders above and beyond 5,000 oz, thereby purchasing top-quality, minted AOCS Medallions at an unbelievably low price!
1. Pick a Club: There are currently three (3) different coin clubs being offered. All Silver buyer’s are free to join any or all of the clubs, so long as they understand and adhere to the terms and conditions of each club. This includes minimum commitments, depositing terms, shipping/delivery lead-times, etc.
2. Choose an Amount: Depending on the club, each participant is required to choose a specific amount to be auto-debited from their preferred funding source every month. The minimum commitment is based on an estimated return of about 10oz of AOCS Silver for that particular club. As the price of silver increases, the |
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minimum commitment will increase in increments of $50. You will be notified of any changes to your agreed amount before any payments are processed.
3. Auto-Pay and Lock-in: Once you have chosen an amount to commit to your club(s) every month, you must provide details for your preferred funding source. Your options include: Auto-debit from your bank checking/savings account, recurring payment from your credit card, or subscription payment from your PayPal account. Your account will be drafted 24 hours before the “lock-in” date and time for your club. Any changes or cancellations must be made before then.
Our club size is not final until the closing or “lock-in” time. At the time of the close, we will take the total amount of deposits received and place the order with the mint to finalize the details. Based on the live “asking” spot price of Silver at the time (http://www.kitcosilver.com), we will then be able to determine how many ounces of AOCS Silver we can acquire at the appropriate |
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volume discounts. Pricing for the order varies based on total order size. Please read the coin club terms and conditions for details.
4. Check your mailbox: After lock-in, each participant will receive a detailed lock-in summary of the club’s final totals and pricing as well as details for their individual order. Because of the varying prices, any amount left over from a participants commitment will be automatically added to their commitment for the next club’s order. Be sure to hold onto this summary as a receipt for your order.
Our goal is for you to have your Silver in hand before the next lock-in the following month. Please check the coin club details for physical delivery time. Typically, orders will take between 2-3 weeks for delivery. 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 the lock-in, we will notify you prior to the expiration of that period of time. |
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