1. The Bullion Buyback Program Overview
eBay is partnering with third-party experts to allow eBay users to sell
precious metals via the eBay platform (collectively known as "the Buyback
These terms govern the use and participation in the Buyback Program. These
terms may be amended, including cancelling the Program altogether, at any
time by posting the updated terms on eBay.com. You are also agreeing to
adhere to the
eBay User Agreement,
Privacy Notice, and the
API license agreement
which are all incorporated herein.
2. Transaction Requirements
All items listed for sale must be Bullion, and the total value of the
Bullion offered for sale in the listing must be at least one thousand U.S.
dollars (US $1,000).
For purposes of the Buyback Program, Bullion is defined as precious metals
containing gold, silver, platinum or palladium that includes coins, rounds
and bars. Also, included are graded coins that include over ninety (90%) percent of one
the above listed precious metals.
3. Bullion Listings
Items will be listed on eBay.com via email on the Bullion Buyback page. In
order to successfully complete the listing, you must provide a description
of the item or items being offered for sale. The description should include
a picture of the item(s) offered for sale and a description describing
relevant information about the item(s), such as metal type, weight, year and
The Buyback Partner will review your listing and determine whether or not
to provide you with an offer to purchase your item(s). The offer is
contingent on the authentication of the item for sale, the successful
completion of an identity and verification process (KYC Requirements) and
you being provided an offer in writing via email.
You may be required to provide additional information, including personal
information, to the Buyback Partner as part of the identity and
The offer will remain open for your acceptance for two (2) business days.
The offer will include the Buyback Partner's terms and conditions for
purchases and an offer price.
The Buyback Partner will consider your description of the item(s) and use
its expertise to set the offer price for your listing. The Buyback
Partner will determine the offer price in its sole discretion. The offer
price will be stated by the Buyback Partner in terms of a US dollar amount
over or under the spot price of the related precious metal and may include
an approximate non-binding US dollar amount for references purpose. The
actual dollar amount of the offer price will be set upon acceptance.
You acknowledge that precious metals trade in relation to the dynamic spot
price market, and the offer price from the Buyback Partner may be described in relation
to such spot market price.
5. Acceptance of the Offer
Upon accepting the offer, you will receive a written confirmation of the
offer price in US dollars based on the current spot price of the precious
metal after the receipt of the acceptance.
If you elect to accept the binding offer from the Buyback Partner, then
you have entered into a binding contract to sell your Bullion to the
6. Shipping Your Bullion
After accepting the offer, you are required to ship your Bullion for
authentication with the required order number and/or packing slip to the
address provided by the Buyback Partner. You are responsible for all shipping
costs, including costs of insurance and packaging. In the event that you
fail to ship the Bullion to the Buyback Partner within the required time
period, then the Buyback Partner may terminate the Bullion purchase upon
written notice via email.
The Buyback Partner will confirm receipt to you via
email. eBay and the Buyback Partner have no liability for your Bullion
while it is in transit or otherwise in the possession or custody of any
third party, including, without limitation, any common carrier (i.e.,
FedEx, UPS, USPS etc.) or delivery service.
7. Authentication of Your Bullion
Upon receipt of your Bullion, the Buyback Partner will authenticate your
Bullion to confirm that it meets the description in your listing (e.g.,
authenticity, no plating, no tampering). The Buyback Partner will follow
authentication processes consistent with generally accepted industry
standards and in compliance with applicable law.
In order to verify that authenticity of the item(s) for sale, it may
be necessary to cut or otherwise irreversibly damage or the item(s). Also,
due to industry requirements and/or local, state or federal laws regarding
counterfeit materials, it may be necessary to confiscate the item(s). You
acknowledge that neither the Buyback Partner nor eBay is responsible for
any damage done to the item or items offered for sale during the
If Buyback Partner successfully authenticates the item(s) for purchase and
verifies compliance with the KYC Requirements, then Buyback Partner will
confirm completion of the transaction to you in writing via email. You must
click through a confirmation indicator (button or link) in the email in
order to complete the transaction and have your payment processed. You will
be paid, via PayPal, after the transaction has been processed.
9. Item Return
If the authentication process or the KYC Requirements cannot be successfully
completed, and your item for sale is in such condition that it can be
returned to you, then the Buyback Partner will ship the item back to you
within fourteen (14) days after the notice of the authentication or KYC
Requirements failure for delivery within thirty (30) days. The Buyback Partner will
coordinate with you to arrange for the return of your item(s).
If your item cannot be returned to you by law or regulation (e.g.
counterfeit, stolen), or if you request and the Buyback Partner agrees
that your item not be returned, then the Buyback Partner will dispose of
your item in its sole discretion in compliance with applicable law, which
may include confiscation by law enforcement or resale of the item for
You consent to receive communications electronically from the Buyback
Partner and eBay. Specifically, you agree and consent to be contacted by
us or the Buyback Partner, our agents, employees, and affiliates through
the use of email, instant messaging or live chat, and/or telephone calls
and/or SMS/MMS text messages to your cellular, home or work numbers, as
well as any other telephone number you have provided to us.
11. Qualification for Participation
To participate in the Buyback Program, (a) you must be a registered eBay user in
good standing; (b) you must have a registered U.S. address; (c) you must
have a U.S. PayPal account linked to your eBay account
(Linking your PayPal and eBay accounts); (d) you must have a valid eBay selling account (you may be asked to
confirm your details and setup an automatic payment method for any eBay
fees; and (e) if applicable, you must meet the Know Your Customer (KYC)
Requirements under applicable law or regulation for the sale of Bullion.
Participation in the Buyback Program is at the sole discretion of eBay and the
12. No Agency
These terms in no way constitutes or gives rise to an agency,
partnership, joint venture or other relationship among you, eBay, or the Buyback Partner. The
Buyback Partner and you each will operate under these terms as an
independent contractor and not as an agent for the other. Buyback Partner
is not an agent or affiliate of eBay.
13. Your Representations and Warranties
You represent and warrant that: (1) you are at least eighteen (18) years of
age; (2) you are the actual legal owner of any and all Bullion offered to
be sold, and have the unfettered right to sell and transfer your Bullion;
(3) you can sell the Bullion free of all liens, encumbrances, liabilities,
and adverse claims of every nature and description whatsoever; (4) all
information you provide related to the offer and sale of the Bullion is
accurate and complete; (5) the Bullion is authentic; and (6) your
possession and ownership of the Bullion is not from, or the result of,
illegal activity in this country or any other country.
If you breach any of the above representations and warranties, you may be
ineligible to participate in the Buyback Program or use eBay sites and services in the future, and
eBay may exercise any and all remedies, including restricting or suspending
your use of eBay sites and services.
Without limiting other remedies, eBay or the Buyback Partner may
immediately terminate the offer if: (A) you breach these terms and
conditions, (B) eBay or the Buyback Partner believes that your actions may
cause financial loss or legal liability to the Buyback Partner, eBay or
any of their affiliates or (D) the Buyback Partner or eBay suspects that
you (by conviction, settlement, insurance or escrow investigation, or
otherwise) have engaged in fraudulent activity in connection with the item
or transactions contemplated under the Bullion Buyback Program.
You agree to indemnify and hold each of eBay and the Buyback Partner and
each of their respective officers, directors, agents, and employees
harmless from any claim or demand, including reasonable attorneys' fees,
made by any third party due to, connected to, or arising out of your breach of
these terms, or your violation of any law or the rights of any third party
in connection with your participation in the Buyback Program.