U.S. Mint officials put restrictions on bulk buyers
By Paul Gilkes , Coin World, Published: Jul 23, 2021, 9 AM
New conditions were imposed July 15 by the U.S. Mint on participants in its Authorized Bulk Purchase Program, designed to prevent their circumventing the Mint’s order limits through use of automated web robots or other methods.
“The Mint is introducing new Terms and Conditions for all bulk purchase program members,” according to the July 15 announcement. “Continued membership in the bulk program will be conditional upon agreement to the new terms and conditions, which explicitly restrict, among other things, bulk members’ use of BOTS to purchase Mint inventory reserved for online ordering.”
The Mint July 15 imposed the following Authorized Bulk Purchase Program participation conditions:
➤ Circumvention of any applicable Mint product order limit is strictly prohibited.
➤ Bulk purchase program members must not make any effort, either using technological solutions or otherwise, to circumvent the Mint’s product order limits.
➤ This prohibition includes orders placed via the Mint’s e-commerce platform, including pre-orders and enrollments; telephone orders; and transactions at Mint retail sites, including any temporary sales sites.
➤ Examples of circumventing an order limit include, but are not limited to, using BOTS or other method(s) to place multiple orders cumulatively in excess of the product order limit.
➤ Acting on behalf of a company, any subsidiary of a company or any related commercial entity, or the employees or agents of the company, a subsidiary, or any related commercial entity, for purposes of circumventing a product order limit is prohibited.
“The Mint reserves the right to review all orders and to cancel orders that violate a product order limit,” according to U.S. Mint officials. “If a company violates this strict prohibition against circumvention of any Mint product order limit, the Mint reserves the right to suspend or terminate that company’s Authorized Bulk Purchase Program status. Further, if a company with Numismatic Bulk Purchaser Program status violates this strict prohibition against circumvention of any Mint product order limit, the Mint reserves the right to disregard the company’s annual purchase levels for the relevant two consecutive years for purposes of entry into the Authorized Bulk Purchase Program.”
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