The Gold Baron accepts genuine Goldbacks as payment for eligible purchases on TheGoldBaron.com. We do not accept Goldbacks as payment for dropship produts.
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Goldbacks were created to be used, not simply held. One of their primary purposes is to allow people to exchange physical gold for goods and services through businesses that choose to accept them. Whenever practical, we encourage Goldback owners to spend their Goldbacks directly with participating Goldback merchants, helping keep them in circulation and supporting the network of businesses that accept them.
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At the same time, we recognize that not every customer has a convenient place to spend their Goldbacks, and some customers may simply prefer to use them toward bullion, coins, natural gold, paydirt, or other products available from The Gold Baron. For that reason, The Gold Baron accepts physical Goldbacks as an alternative form of payment for eligible purchases on TheGoldBaron.com. Customers may mail physical Goldbacks to The Gold Baron and receive purchase credit toward their order based on the Goldback Daily Exchange Rate.
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Why Our Goldback Payment Rate Is Below the Daily Exchange Rate
Goldbacks used as payment to The Gold Baron are accepted at a percentage of the Goldback Daily Exchange Rate, rather than at the full Daily Exchange Rate or at our retail selling price.
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This is because The Gold Baron is receiving the Goldbacks as physical inventory. Each payment must be received, inspected, authenticated, processed, and ultimately either returned to inventory or otherwise handled by our business. Our acceptance rate accounts for those costs and risks while allowing us to offer customers a simple way to put unwanted or excess Goldbacks toward something else they would rather own.
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Our Goldback payment rate is therefore intentionally lower than both the Goldback Daily Exchange Rate and the price at which The Gold Baron sells Goldbacks.
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The Goldback Daily Exchange Rate is intended to represent the value of a Goldback when used within the participating Goldback merchant network. Our Goldback payment program is separate from the merchant network and provides an alternative for customers who would prefer to apply their Goldbacks toward merchandise from The Gold Baron. Our Goldback payment program is not intended to replace spending Goldbacks directly with participating merchants. It is simply an additional option for customers who would prefer to exchange their Goldbacks for merchandise from The Gold Baron. Our Goldback payment rate is therefore intentionally lower than both the Goldback Daily Exchange Rate and the price at which The Gold Baron sells Goldbacks.
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Goldback Acceptance Rate
Goldbacks are accepted at 80% of the published Goldback Daily Exchange Rate in effect when your Goldback payment is calculated.
To calculate the value of your Goldbacks:
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Goldback Daily Exchange Rate × 80% = The Gold Baron Goldback Payment Value
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For example, if the Goldback Daily Exchange Rate is $10.00, each 1 Goldback would receive approximately $8.00 in purchase credit:
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Fractional and larger-denomination Goldbacks are valued proportionally based on their denomination.
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The Goldback Daily Exchange Rate is publicly published by Goldback and may change over time. Our Goldback payment value will change accordingly.
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Why Our Goldback Payment Rate Is Below the Daily Exchange Rate
Goldbacks used as payment to The Gold Baron are accepted at a percentage of the Goldback Daily Exchange Rate, rather than at the full Daily Exchange Rate or at our retail selling price.
This is because The Gold Baron is receiving the Goldbacks as physical inventory. Each payment must be received, inspected, authenticated, processed, and ultimately either returned to inventory or otherwise handled by our business. Our acceptance rate accounts for those costs and risks while allowing us to offer customers a simple way to put unwanted or excess Goldbacks toward something else they would rather own.
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Our Goldback payment rate is therefore intentionally lower than both the Goldback Daily Exchange Rate and the price at which The Gold Baron sells Goldbacks.
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The Goldback Daily Exchange Rate should not be interpreted as a guaranteed cash-redemption price, and our payment program is not intended to replace spending Goldbacks directly with participating merchants. It is simply an additional option for customers who would prefer to exchange their Goldbacks for merchandise from The Gold Baron.
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How to Pay With Goldbacks
When placing your order:
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Add the products you would like to purchase to your cart and proceed through checkout.
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Select Manual Payment as your payment method.
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Complete your order. Do not mail your Goldbacks until you receive payment instructions from The Gold Baron.
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We will calculate the Goldback amount required for your order and provide mailing instructions.
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Mail your Goldbacks using the instructions provided.
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Once your Goldbacks are received, inspected, and accepted, your order will be marked paid and released for shipment.
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Orders Do Not Ship Until Goldbacks Are Received
Selecting Manual Payment reserves your order but does not constitute payment.
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Because Goldbacks are physical payment, we will not ship merchandise until the required Goldbacks have been physically received and verified by The Gold Baron.
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Shipping time for your purchased merchandise therefore begins after your Goldback payment has been received and accepted, not on the date the order was originally placed.
We strongly recommend using a trackable shipping method when mailing Goldbacks. Customers are responsible for Goldbacks while they are in transit to The Gold Baron. Customers will not receive credit for Goldbacks that are not received by The Gold Baron.
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Condition and Authenticity
Goldbacks must be genuine.
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Normal circulation wear is acceptable. Goldbacks that are severely damaged, altered, incomplete, counterfeit, or otherwise cannot reasonably be authenticated may be refused.
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If there is a problem with any Goldbacks received, we will contact you before processing the order.
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Payment Amount
The Gold Baron will tell you how many Goldbacks are required before you mail your payment.
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Please do not send additional Goldbacks unless instructed to do so. Goldbacks received in excess of the amount required will not automatically be converted to cash.
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If an adjustment is necessary because of denomination limitations, we will work with you before the payment is finalized.
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Rate Changes
Because the Goldback Daily Exchange Rate can change, the applicable rate will be stated in your Goldback payment instructions.
Once we provide you with a Goldback payment amount, that amount will remain valid for the period specified in those instructions. If payment is not mailed within that period, we may recalculate the required Goldback amount using the then-current rate.
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Cancellations and Returns
Orders paid with Goldbacks are subject to The Gold Baron's normal cancellation and return policies.
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When a refund is approved, refunds for purchases made with Goldbacks may be issued as store credit or by another method determined by The Gold Baron rather than by returning the exact Goldbacks originally submitted.
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Goldbacks should not be mailed to The Gold Baron except as part of an approved order or other transaction authorized by us.
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Questions?
If you would like to use Goldbacks for a purchase and are unsure how much your Goldbacks are worth toward an order, contact us before checking out. We are happy to calculate the payment amount for you.