Selling to RPMEX

Also see our Risk Disclosure.

RPMEX, LLC reserves the right to refuse service for any reason.

Selling to RPMEX

RPMEX is interested in buying precious metal bullion and/or numismatic items. Sellers 18 years or older that are ready to liquidate precious metals and agree and abide to the following conditions can call (541) 412-6425, Monday through Friday, 9:00 a.m. to 5:00 p.m. CST to speak with a trading representative.

Identification

To avoid the acquisition of stolen item(s), RPMEX uses every available resource to confirm the identity of the seller and the nature of their interest in liquidating.  RPMEX requires basic personal information to conduct purchase transactions from persons.  Unless Sellers have previously acquired or purchased items from RPMEX, persons selling are required to provide first and last name, billing and receiving address, email address, phone number(s) and a copy of current government identification i.e.(driver’s license number or passport).  Seller’s information is retained and stored with the highest regard for security and not shared or sold with or to any third parties under normal circumstances.  In the rare event the items to be sold are identified as stolen,  RPMEX will cooperate with the investigating law enforcement agency to the fullest extent of the law.

Price Lock

Precious metals values change by the minute so all RPMEX purchase transactions are confirmed via recorded telephone conversation.  Upon RPMEX’s receipt of your items, prices will be locked at the prevailing market price and Seller will be notified and issued a purchase order number at which point Seller is bound to the following conditions including our “Market Loss Policy”.

Market Loss Policy

When selling to RPMEX, once we’ve issued a purchase order number, the price is locked and the transaction may not be cancelled, but only offset at our current bid price.  Any deficit between the original agreed bid price to purchase item(s) and the offsetting bid price for item(s) is seller’s responsibility. That offsetting amount will be charged to Seller, plus a ten percent (10%) cancellation/restocking fee for domestic U.S. transactions along with any applicable shipping charges. Seller understands and agrees that any market gain on cancellations or returns shall remain the property of RPMEX and or its affiliated companies.

Packaging and Shipping

Seller is responsible for all shipping and handling costs. Packaging of items to withstand the rigors of shipment and prevent damage or loss of valuable contents is very important. Do not risk diminishing the value of items because of inadequate packaging. Clearly write the issued purchase order on the exterior of all package(s) and enclose a detailed packing slip with the seller’s name and phone number. Nowhere on any package(s) should Seller write the terms, gold, silver, platinum, precious metals, jewelry, bullion or any other language that could identify the contents as valuable. 

Be sure to insure your items for at least the amount of the purchase order.  If your shipping provider will not insure your items, RPMEX can under specific parameters offer insurance at $.30 cents per $100.  RPMEX ships and receives from three domestic vault locations.  Your trading representative will provide the appropriate receiving address when the purchase order number has been issued.

Seller agrees to provide RPMEX and or its agents a tracking number for the shipment of item(s) being sold within 24 hours from purchase order number being issued.

Settlement

RPMEX will not make payment until your items are received, authenticated and confirmed.   These processes usually take 1-2 business days from our receipt and payment is generally made within three business days.  Sellers will be notified of any discrepancies and or adjustments before payment is remitted.  

Communication

Our best source of communication is by telephone and we can be reached at (541) 412-6425 9:00AM – 5:00PM CST. If you choose to communicate via email please allow up to 48 hours for a response.

Privacy

For your anonymity, our parent company Republic Enterprises, LLC and or its acronym RELLC may appear on correspondence i.e (payment, receipts, shipping labels, etc.).

Reporting

The reporting of bullion sales only occurs in certain circumstances when a customer is selling product(s) to RPMEX. When certain bullion products are purchased by RPMEX. RPMEX is required to report the purchase on Form 1099B and will be required to obtain your associated tax identification number. See reportable items below…

Reportable ItemMinimum FinenessMinimum Reportable Amount
Gold Bars.995Any size bars totaling 1 Kilo (32.15 troy oz.) or more.
Silver Bars.999Any size bars totaling 1000 troy oz. or more.
Platinum Bars.9995Any size bars totaling 25 troy oz. or more.
Palladium Bars.9995Any size bars totaling 100 troy oz. or more.
Gold 1  oz. Maple LeafAs minted25 1-oz. coins
Gold 1 oz. KrugerrandAs minted25 1-oz. coins
Gold 1 oz, Mexican OnzaAs minted25 1-oz. Coins
U.S. 90% Silver CoinsAs mintedAny combination of dimes, quarters, or half dollars totaling $1,000 face value or more.