USGB Consignment Program Terms
Effective: October 1, 2026
These USGB Consignment Program Terms (these “Consignment Terms”) govern the consignment of eligible Products (as more fully described in “Eligibility” below) to USGB, LLC d/b/a United States Gold Bureau (“USGB,” “we,” “us”) for sale under the USGB Consignment Program (the “Program”). These Consignment Terms are posted at https://www.usgoldbureau.com/content/consignment-agreement and are incorporated by reference into every Consignment Order (“CO”) you sign. These Consignment Terms supplement, and are incorporated into, the USGB Client Agreement (including our Market Loss Policy), which governs and controls your overall relationship with USGB. If there is a conflict between any other document and these Consignment Terms, these Consignment Terms control only with respect to the consigned Products; otherwise, the Client Agreement controls. Capitalized words used but not defined in these Consignment Terms have the meanings set out in the Client Agreement.
https://www.usgoldbureau.com/content/client-agreement
https://www.usgoldbureau.com/content/terms-and-conditions-of-sale
https://www.usgoldbureau.com/content/secure-shipping-guide
Key Terms
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“Ask Price” — USGB’s own current retail/ask price for a specific Product, which we set and which moves with the precious metals market. USGB does not set or control the underlying spot price of any metal.
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“Category” — every Product falls into one of two Categories: (1) Investment-Grade Certified Coins (a certified/graded coin or set), or (2) Non-Graded Proof Coins (an ungraded proof coin or set in original mint packaging).
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“Consignment Facility” — where a consigned Product is held while enrolled in the Program: either USGB’s Consignment Shelf (you ship the Product to USGB, and USGB holds it in a segregated location until it sells) or your existing TXBD Account (the Product stays at the Texas Bullion Depository).
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“Consignment Order” or “CO” — the separate document you sign each time you enroll one or more Products which identifies the Products, their Category, custody, and (where applicable) pricing elections.
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“Limit Price” — for Non-Graded Proof Coins only, an optional per unit floor price below which USGB will not sell the Product.
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“Trade Confirmation” — the notice USGB sends you when a consigned Product has a buyer. This is the moment the price locks and the sale becomes binding.
How the Program Works
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You sign a Consignment Order. You execute a Consignment Order listing the Products you wish to consign, the Consignment Facility where such Products will be held, and, if you are consigning Non-Graded Proof Coins, the Limit Price.
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USGB holds your consigned Product for sale but does not buy it. Depending on the Consignment Facility selected on the CO, the consigned Product is either shipped to USGB’s Consignment Shelf or stays in your existing TXBD account. Either way, you retain title over the Product and carry the market risk until the Product sells.
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USGB markets each consigned Product and sells it to the first available, eligible buyer. USGB markets each consigned Product at USGB’s then-current price for that consigned Product (see “How Pricing Works” below). For Non-Graded Proof Coins, USGB will not offer the Product for sale below the Limit Price that you set.
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The price locks at Trade Confirmation. Once USGB has identified a buyer, a Trade Confirmation is issued. At that point the price is set and the sale is binding. Before a Trade Confirmation is issued, you may withdraw a consigned Product on at least three business days’ written notice, which must be sent by email to consignment@usgoldbureau.com. USGB maintains records of the date and time of withdrawal requests and Trade Confirmations and, based on those records, reasonably determines whether a withdrawal request was received before the applicable Trade Confirmation.
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USGB pays you. USGB pays you the sale price, less the applicable commission, according to the payment instructions on your CO. If the sold Product is held in an IRA, proceeds must go directly to your custodian, and you coordinate any distribution to yourself with them.
The remaining provisions describe each of these steps in more detail.
Eligibility
For a Product to be eligible for consignment under the Program, the Product must have originally been purchased from USGB and, for Investment-Grade Certified Coins, such purchase must have been at least 60 months before the date of the applicable CO. For each Product enrolled in the Program, USGB will verify the original USGB order or invoice number against its sales records. If USGB is unable to verify that the Product was originally purchased from USGB, the Product may be deemed ineligible for consignment under the Program. USGB may declare a Product ineligible for the Program at any time before a Trade Confirmation issues, in its sole discretion. The Program currently accepts only Investment-Grade Certified Coins and Non-Graded Proof Coins. USGB does not currently accept bullion or any other precious metals products for consignment.
Commission and Pricing Basis, by Category
| Category | Commission | Price Reference |
|---|---|---|
| Investment-Grade Certified Coin | 18% | USGB's then-current retail price for the specific certified Product, as USGB determines in its sole discretion. No Pricing Election applies. |
| Non-Graded Proof | 9% | USGB's then-current Ask Price for the Product, per your Pricing Election on the applicable CO. |
How Pricing Works
USGB sets the sale price for every Product in each Category. When you consign a Product, USGB sets the price, handles the sale and shipping, and sells it to the first available buyer. You are not identifying or shipping to a buyer yourself. USGB offers each consigned Product at USGB’s current price for that Product at the time it sells. How much that price can move between enrollment and sale depends on the Category and other factors, including market conditions, demand, and inventory.
Investment-Grade Certified Coins. Pricing here tends to be stable over the long term, because an Investment‑Grade Certified Coin’s limited issuance and collectible premium are a bigger factor in its price than the underlying metal content. USGB sells these Products to the first available buyer at USGB’s then-current retail price for the Product, less the commission. There is no Limit Price option for this Category. Even though pricing in this Category tends to be more stable than for Non-Graded Proof Coins, USGB’s price for any specific Product may still change at any time — including a decrease or a promotional price — based on market demand, inventory, or other factors, up until it sells to the first available buyer.
Non-Graded Proof Coins. Pricing here tends to track the underlying commodity price more closely, and USGB’s retail Ask Price is repriced in real time, so these Products may sell for more, or less, than the price in effect when you enrolled them. By default, USGB sells these Products to the first available buyer at its then-current Ask Price, less commission.
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Optional Limit Price. For Non-Graded Proof Coins only, you may also set Limit Price. This limits the risk of selling into a down market when you would rather hold out for a possible recovery. The Limit Price you enter is a gross figure: it is the price the Product will list for before commission is deducted. It does not represent your net proceeds. Setting a Limit Price may mean your consigned Product takes longer to sell, or does not sell at all, for as long as the market price stays below the Limit Price you set.
Custody: TXBD Account or Consignment Shelf
TXBD Account. The Product stays exactly where it is, in your existing account at the Texas Bullion Depository. USGB does not take possession until a sale is confirmed; until then, custody remains with you and your custodian or TXBD, as applicable. By signing a CO, you authorize your custodian and/or TXBD to release the consigned Product to USGB upon sale, and you agree to cooperate in that release to the extent any additional authorization or documentation is required. This custody option is available for every Category, including Investment-Grade Certified Coins.
Consignment Shelf. You ship the Product to USGB. USGB inspects it on receipt and, if it conforms, holds it in a segregated consigned-inventory location, separate from USGB’s own inventory and from other consignors’ goods. Shipping the Product to USGB does not fix a price or obligate USGB to buy it. You may request return of the consigned Product from the Consignment Shelf at any time before Trade Confirmation, subject to the notice period described above, without penalty, by directing USGB to (a) transfer it to an account in your name at TXBD, or (b) return it to you by insured shipping at your cost at then-current rates.
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Note: Products held in an IRA must remain in your TXBD account to stay in the Program. IRA-held Products cannot be moved to USGB’s Consignment Shelf, because taking physical possession of assets held in an IRA is treated as a taxable distribution from your IRA under IRS Rule 408(m). Once a Product has been distributed from your IRA into your personal possession, it is no longer IRA-held, and this restriction no longer applies.
Either way, a Product is not officially enrolled in the Program, and USGB will not market or sell it, until: (a) in the case of Products to be held on the Consignment Shelf, USGB has received and accepted it following inspection; or (b) in the case of Products to be held in a TXBD Account, USGB has received written confirmation that the Product is held at TXBD in the account identified on the applicable CO. Signing a CO does not itself enroll a Product without confirmation of receipt or possession.
Program Terms
By signing a Consignment Order, or otherwise enrolling any Product under these Consignment Terms, you understand and agree to the following:
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This is a consignment, not a sale. USGB is not buying your consigned Products today, and no price is fixed today. The amount that matters is the price listed on the Trade Confirmation, i.e., the price on the day the consigned Product actually sells.
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Both intake paths carry market risk for you, the whole time. Whether your consigned Product is being held on USGB’s Consignment Shelf or at TXBD, you — not USGB — carry the upside and downside of any price movement until Trade Confirmation. USGB does not hedge your position and will not make up a decline.
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USGB’s interest in your sale price is aligned with yours, not against it. Our commission is a percentage of the price, so a higher sale price means a higher profit for USGB. We get no benefit from selling into a down market. When your consigned Product actually sells is driven by buyer demand and USGB’s ability to match it to a buyer — not by where metals prices happen to be on a given day.
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No guarantee of a sale, or of any particular price or timeline. A Limit Price protects your downside but can mean the consigned Product never sells. All consigned Products are sold at USGB’s then-current price for the consigned Product, to the first available buyer.
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Once USGB issues a Trade Confirmation, the price is locked and the sale is final. Once a Trade Confirmation is issued, you cannot cancel the sale or withdraw the consigned Product, whether the market moves up or down afterward. Contesting or interfering with the settlement of a matched sale is treated as a cancellation and is subject to our Market Loss Policy, including any applicable administrative fee.
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Custodial release deadline. If your consigned Product is at TXBD when it sells, these Consignment Terms and your CO are your written permission for USGB to transfer the assets to settle the sale. In some cases your custodian (TXBD or your IRA custodian, as applicable) may require additional validation of the transfer request for security purposes — if so, you must direct your custodian to release and deliver the consigned Product to USGB within 4 business days of the Trade Confirmation. If you do not direct your custodian to release and deliver the consigned Product within four business days of the Trade Confirmation, that failure is treated as a cancellation and is subject to our Market Loss Policy, including any applicable administrative fee.
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Consigned Products held in an IRA must stay at TXBD, and proceeds go directly to your custodian, not to you. If a consigned Product is held in an IRA, it is eligible for the Program only while it remains in your IRA account at TXBD — you cannot ship it to USGB’s Consignment Shelf. USGB pays your net proceeds to your IRA custodian for the benefit of your account; you coordinate any distribution to yourself with your custodian.
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USGB does not give tax, legal, or investment advice. Make sure you understand the tax implications of selling any investment asset, whether through the Program or otherwise.
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All other terms governing your relationship with USGB are set out in the Client Agreement. The Market Loss Policy, arbitration provision, class-action waiver, and governing law are set out in the USGB Client Agreement. Please read it carefully before signing a CO.
Changes to these Consignment Terms
USGB may amend these Consignment Terms, effective when the amended version is posted at [URL]. An amendment applies to every consigned Product then enrolled in the Program, including consigned Products enrolled under a Consignment Order signed before the amendment, and to every Consignment Order signed on or after the posting date. For material amendments, USGB will notify actively enrolled consignors (for example, by email) and will record that notice.
If you have an unsold consigned Product enrolled under a previously signed Consignment Order, you may withdraw that consigned Product within 30 days after the amendment’s effective date, without being bound by the amended Consignment Terms. If you do not withdraw within that 30-day period, your continued enrollment is your acceptance of the amended Consignment Terms.
USGB will make a dated, archived copy of each version of these Consignment Terms available here: https://www.usgoldbureau.com/content/consignment-agreement_archived2025
General Provisions
Except as expressly stated in these Consignment Terms, the general provisions governing your relationship with USGB are set out in the USGB Client Agreement and apply to any Products that you enroll in the Program.
Your Representations. By consigning a Product, you represent that: (a) you own it, or, if it is IRA-held, you are the account holder with authority to direct its sale, withdrawal, and release; (b) it is free of any lien, encumbrance, or adverse claim; (c) it is genuine and authentic and conforms to the description you provided at enrollment; and (d) you have not assigned any interest in it to anyone else. If a Product is IRA-held, you further represent that no transaction under the Program is a prohibited transaction under Section 4975 of the Internal Revenue Code with respect to that IRA, and that you have had the opportunity to consult your own tax and legal advisors. USGB does not provide tax, legal, or investment advice.
USGB, LLC is a private distributor of precious metals and is not affiliated with the U.S. Government. These Consignment Terms, together with the USGB Terms & Conditions of Sale, the Client Agreement, and each Consignment Order signed under these Consignment Terms, constitute the entire agreement between you and USGB regarding your consigned Products.