Selling Coins

NwMarketplace does not permit the sale of coins or paper money that are fraudulent or improperly described. Sellers who knowingly fail to disclose information about the authenticity of coins or paper money, alterations to coins or paper money, or other information that might have a material impact on the coin or paper money value may be reported to the American Numismatic Association (ANA).

Violations of this policy may result in a range of actions, including:

• Listing cancellation

• Limits on account privileges

• Account suspension

• Forfeit of NwMarketplace fees on cancelled listings

Guidelines for coins and paper money sellers:

• Read the Selling Coins & Paper Money on NwMarketplace.

• Include all relevant information that is known about the coins or paper money; for example their origin, date of issue, and condition.

• Include a clear picture of the actual coin or paper money item that is being offered for sale.

• Include all information concerning any alterations that may have been made to the coins or paper money.

• Specifically identify every individual coin or paper money item listed to avoid misunderstandings about the nature of the items.

• If unsure of the origin or authenticity of the coins or paper money, please state this clearly in the listing.

Laws on counterfeit coins or paper money

U.S. federal laws strictly prohibit the sale of counterfeit coins or paper money, as well as equipment designed to make these illegal products. U.S. law also protects coins or paper money from counterfeiters. Therefore, these counterfeit items may not be listed on NwMarketplace. Sellers should be compliant with all federal, state, and local laws while listing coins or paper money on NwMarketplace. A few examples of the actual U.S. counterfeiting laws are listed below:

• Counterfeit coins

• Counterfeit paper money

• Counterfeiting equipment

Selling Coins & Paper Money on NwMarketplace

NwMarketplace recognizes all requirements with the American Numismatic Association (ANA) to help improve overall trading safety within the Coins category on NwMarketplace. Sellers must comply with the ANA when selling numismatic material on NwMarketplace. This has been drawn from the ANA Member Code of Ethics, ANA Dealer Code of Ethics, and specific terms of sale which are considered "general trade practice" within the organized numismatic community. It does not replace NwMarketplace's general seller rules and regulations, but rather supplements those rules. Sellers are encouraged to abide by these guidelines when selling items on NwMarketplace. Failure to do so could result in disciplinary action by NwMarketplace and possible suspension or loss of selling privileges. In addition, such failure may be grounds for further disciplinary action by the ANA against its members.

• Sellers agree not to knowingly sell, exhibit, trade, produce, or advertise a copy or reproduction of any numismatic item if its nature is not clearly indicated by the word "copy" or "reproduction," incused in the metal or printed on the paper thereof. These items are allowed to be sold provided:

Note: Restrikes are permitted for sale and they are not required to have "copy" or "reproduction" incused in the metal or printed on the paper thereof, if the item was produced or authorized for minting by the original issuing government.

• Sellers agree to represent a numismatic item to be genuine only when it is authentic to the best of their knowledge and belief. Learn more about authentication and see a list of authentication and grading services. Additional information is available about consumer protection at the ANA.
  
  • Sellers agree not to knowingly handle or resell forgeries, unmarked copies, altered coins, or other spurious numismatic merchandise that is not clearly labeled as such.
  
  • Sellers agree not to knowingly participate in any way in the advertisement, sale or trade of any numismatic material using any deceptive practices including, but not limited to, false or misleading claims of sales scarcity, value, condition or investment potential.
  
  • Sellers agree to sell numismatic items that they own free and clear of any challenge or those that they are authorized by the owner to sell.
  
  • Sellers agree not to knowingly sell or buy counterfeit numismatic material.
  
  • Sellers agree to promptly refund the purchase price for any item that has been deemed by the ANA as other than as offered or described by the seller.
  
  • Sellers agree to abide by all laws relating to numismatic matters.