King Philip Coin and Trade LLC · 6821 Southpoint Dr N, Suite 228, Jacksonville, FL 32216 · (855) 572-6467
These terms apply to every purchase from, and sale to, King Philip Coin. By requesting an order or sending payment, you agree to them.
1. Website prices are indications
Prices on kingphilipcoin.com, including the live price list, calculators and quotes, are indications only. They follow the market and update every minute. Submitting a form, whether an order request, coin request or appraisal request, does not create an order or lock a price. Any price I quote by phone or email is also an indication until your payment is received.
2. How an order becomes final
An order becomes final when I receive your payment:
- cash in hand, at my office;
- a verifiable personal or business check in hand (see section 3); or
- an ACH bank transfer confirmation number for the full amount, sent to me by email or text.
Your price is set at that moment, at the live price when your payment is received. Until then, the price is an indication and moves with the market every minute, and without payment it stays that way. If you change your mind before paying, simply don’t send payment; nothing is owed.
Once your order is final, I’ll email you a written confirmation of the final items, prices and total, and I buy the metal for you right away. If the final total is different from the amount you sent, we settle the difference before your order is released, and you choose how: in metal (I adjust your order up or down to match what you sent) or in money (I refund any overpayment, or you pay any balance).
Calls may be recorded for accuracy. If a call is recorded, I’ll tell you at the start.
3. Payment
- ACH bank transfer: send it once we’ve agreed by phone what you’re ordering, then email or text me the confirmation number. Your order becomes final when I receive that number. It’s released once the funds have arrived and my bank confirms they’re final and can’t be reversed. Orders over $10,000 are paid by ACH, or by check for existing customers.
- Personal or business check: for existing customers, or customers whose funds I can verify with their bank, up to $400,000. Mail it, with tracking, or bring it to my office. Your order becomes final when I have the check in hand and have verified it. It’s released 10 business days after I receive it, once my bank confirms it has been paid.
- Cash, check or trade in person at my office: by appointment. Your order is final at payment. Cash payments over $10,000, in one transaction or related transactions, must be reported to the IRS (Form 8300), and I’ll need your photo ID and taxpayer ID number to file it. Large cash payments by arrangement.
- Not accepted: cashier’s checks, money orders, credit or debit cards, and digital wallets.
⚠ Payment fraud warning: I will never send or change my bank details by email or text. Always confirm them by calling (855) 572-6467. If you receive payment instructions any other way, don’t send money; call me.
4. Delivery
- When your order is released depends on how you pay: an ACH transfer, once my bank confirms the funds are final; a check, 10 business days after I receive it; cash in person, at payment. Online orders are sourced order by order.
- Pickup: at my Southpoint office, by appointment, with photo ID. I’ll call you when your order is ready.
- Shipping: fully insured, signature required, to your verified address only, sent either directly from my supplier or from my office. $29.95; free on orders over $5,000. Shipped orders usually go out within 2–5 business days after your order is released.
- Online minimums: silver, 20 oz (bars and rounds combined); 90% U.S. silver, $100 face value; Morgan or Peace dollars, 25 coins; gold and platinum, 1 oz. Smaller amounts are available locally, depending on what’s on hand.
- Damage or a missing item: tell me within 48 hours of delivery and keep all packaging. I’ll handle the insurance claim with the carrier or my supplier.
- Delivery times depend on suppliers and carriers. I’m not responsible for delays caused by supplier shortages, weather or carrier problems.
5. Cancellations and Market Loss Policy
Before your payment is received there’s no order, so there’s nothing to cancel and nothing is owed.
Once your order is final (section 2), I buy the metal for you right away. If you then cancel, or the payment that made your order final fails (a check is returned or stopped, or an ACH transfer is reversed or never arrives after you sent me its confirmation number), I’ll cancel the order and you’ll owe:
- Market loss: the difference between your final price and what it costs me to undo the trade with my supplier at the time of cancellation, plus
- A cancellation fee: the greater of $100 or 5% of the order total.
If the market moves in your favor instead, any gain stays with King Philip Coin. You’ll receive an invoice for anything owed, and I won’t accept new orders until it’s paid.
6. No returns on bullion
Because prices move every second, bullion and coins can’t be returned once an order is final, except where I sent the wrong item or it arrives damaged (section 4).
7. Pricing errors and market disruptions
If a price was clearly wrong (for example, a data-feed error), or a market disruption makes it impossible to fill an order at the final price, I may cancel the order and refund any payment in full, with no charge to either side.
8. Identity and legal requirements
I may ask for photo ID and other information to verify your identity, and I may decline any order. I comply with federal reporting rules for precious metals dealers.
9. Sales tax
Gold, silver and platinum bullion and U.S. legal-tender coins are exempt from Florida sales tax. Other items, such as jewelry or collectibles that aren’t bullion or legal tender, may be taxable.
10. Florida law
These terms are governed by Florida law. Any dispute will be handled in Duval County, Florida.
11. Changes and contact
I may update these terms; the version in effect when your order becomes final applies. Questions: (855) 572-6467 or paul@kingphilipcoin.com.
Last updated: October 30, 2026