When purchasing from WCD, once we have issued a confirmation number, the price is either locked-in for your order or inventory has been allocated to your order. The transaction may not be cancelled, but only offset at our current ask price. WCD's Market Loss Policy applies to all products offered on our website; however, it is generally more applicable to bullion precious metals as they are more volatile than numismatic coin products. If WCD has not experienced a loss between the time you confirmed your order and the time of cancellation, you will only be charged the fixed $50.00 cancellation fee. Any deficit between the price at which we sold to you and the offsetting purchase price and/or prices, is your responsibility only if your item(s) is cancelled or returned. That amount will be charged to you, plus a $50.00 cancellation fee. This is our Market Loss Policy. Any market gain on cancellations or returns shall remain the property of WCD.
When selling to WCD, once we have issued a confirmation number, the price is either locked-in for you or your confirmed sale to WCD has been placed in the open market. Your transaction may not be cancelled, but only offset at our current buy price. Any deficit between the price at which we bought from you and the offsetting purchase price and/or prices, is your responsibility if we do not receive your items. The difference will be charged to you, plus a $50.00 (USD) cancellation fee. This is our Market Loss Policy. Any market gain on cancellations shall remain the property of WCD.
Wholesale Coins Direct reserves the right to refuse an order when the confirmed price is incorrect due to computer-related problems, pricing error, incorrect item descriptions or sudden movements in the precious metals market. Furthermore, WCD reserves the right to refuse or cancel any order deemed questionable, of significant risk to WCD, or in potential violation of U.S. Anti-Money Laundering Laws regardless of the price confirmation.
Your WCD order may be automatically canceled if we do not receive payment within three (3) business days. Once you have placed an order with Wholesale Coins Direct, whether through our website or over the telephone, you have entered into a binding agreement.
In addition to all other rights and remedies available to WCD, in the event of any failure by you to comply with this User Agreement, WCD may, without limiting its other rights and its other remedies, suspend or terminate your account. The suspension or the termination of your account shall not affect your obligations under this User Agreement, our Order Terms and Conditions, or our Market Loss Policy.
Furthermore, WCD may, without limiting its other rights and remedies, apply any of your funds in its possession to pay your monetary obligations to WCD and may offset any monetary obligations that WCD has to you against your monetary obligations to WCD. WCD may, at its discretion, apply funds in its possession, including, without limitation, amounts paid by you for other purchases or amounts payable by you for sales to WCD, to your obligations to WCD in such manner as WCD determines to be appropriate.