South Bay Galleries LLC was established with one goal in mind, provide collectors with a great selection of rare coins at a fantastic price while providing excellent customer service. We at South Bay Galleries LLC take great pride in the coins we buy and sell and will go beyond the industry norm to provide our clients with some of the finest known pieces for their collections. Our staff has a combined experience of over 100 years in the rare coin industry and pride ourselves on our knowledge and insight for the market. We will always provide our clients with our finest advice as to which will be the most beneficial for their collection based on their personal situations and goals. We always try to stay ahead of our competition by offering our clients unique and rare pieces at a competitive price. Whatever your needs and goals are as a collector, you can be sure that South Bay Galleries LLC will go above and beyond to make sure you are 100% satisfied.

Buyer may return non-bullion coins for any reason within 7 days for a full refund. Buyer must obtain a return authorization code (RA code) from the return department if they wish to return. There will be no returns or exchanges on any bullion products, no exceptions. No packages will be accepted without this code clearly written on the front of the package. Coin(s) must be received in office within 7 days, after that all sales are final and no returns will be accepted. If the coin(s) and/or holder(s) is/are tampered with or opened this will void any return privileges. Therefore, if any sealed rolls of coins are opened/tampered with this will void any return privileges and will only result in company credit. Buyer may exchange any non-bullion item within 7 days for company credit which will be applied to the new item the buyer is exchanging for/towards. Coin grading is not a science but subjective to the opinions of the graders. Grading can vary from firm to firm and from grader to grader. We at South Bay Galleries remind the buyer that past performance can no way be used to predict the future value of any coin(s) and we cannot guarantee a profit or loss. The buyer should consider these coins as collector coins and any investment or financial advice should be obtained from the buyers’ own financial experts. The same terms and conditions are applicable for the Morgan Silver Dollar online commercial with the addition of offering a 30-day return policy. However, please note that this promotion is not available to residents of Minnesota.

All disputes will be resolved in N.Y. State, Suffolk County Civil Courts and are subject to the laws of New York State.oes here

Any order may be cancelled by contacting us via phone or email provided the order has not been shipped. Once an order is shipped, we have no way of retrieving the merchandise therefor it cannot be cancelled. If the buyer wishes to cancel after their package was shipped, they can simply refuse the package when the delivery is attempted and a refund will be issued once the package is returned to South Bay Galleries LLC. If a client signs for and accepts the delivery, they must go through the return process and follow all instructions listed in the return policy.

It will be at the discretion of South Bay Galleries LLC to accept a return past the allowed time frame of 7 days. If a return is accepted by South Bay Galleries LLC past the return window there will be a 30% restocking fee. This fee is non-negotiable and does not apply to bullion items since bullion items cannot be returned. 

We at South Bay Galleries LLC will represent raw/uncertified products to the best of our ability. We will give our honest opinion as to what condition the merchandise is in and will provide pictures and documentation for the appraised value. Merchandise is sold as is, and as mentioned we will do our best to represent the pieces to the best of our knowledge and will inform any client/potential client if we believe an item has been altered in any way (refurbished, damaged, unoriginal components/parts, etc.). The customer should comprise their own opinion on the condition of the merchandise and gather any other opinions as they wish. If any item is not up the customer's standards, they should return it for a full refund or exchange within the return period. Again, condition is opinion based and may vary from person to person depending on their knowledge and understanding of the time-period and conditions from with the item came from.

We Guarantee all items we sell to be genuine and authentic.

This is a binding contract between you and the company. You agree and acknowledge that you have carefully read and fully understand all of the provisions of this Agreement and the effects thereof, and that you knowingly and voluntarily agree to be bound by this Agreement and its terms.

We accept all major credit/debit/charge cards (American Express, Discover, Mastercard, Visa), Checks (Personal, Bank, Cashier, Business, Echeck/Check by phone) and wire transfers as forms of payment. All card transactions will be displayed as “South Bay Galleries LLC” on the card's monthly statements. All checks are held for 10 business days to assure clearance before any merchandise is shipped to the client. Once you have placed a sales order to buy from South Bay Galleries LLC you have entered into a binding contract.

Down payments/deposits made by the customer shall be considered a commitment to proceed with the order and will become a binding contract.

If the customer fails to make any additional payments toward the order within thirty (30) calendar day of the down payment/deposit date, the order shall be deemed abandoned.

In such event, the entire down payment/deposit shall be forfeited to South Bay Galleries LLC as liquidated damages and will be non-refundable.

Each time a new payment is applied to an order, the 30-day period restarts. If the last payment a client makes towards an order is made and there is still a remaining balance and no other payments are made within 30-days, all funds paid to South Bay Galleries LLC. will be forfeited.   

The Client shall have no right to receive any goods or services related to the abandoned order and shall not be entitled to any refund or credit of the forfeited down payment(s)/deposit(s).

The company reserves the right to cancel the order after the 30-day period with no further obligation to the client.

Once you have placed a down payment/deposit for a sales order to buy from South Bay Galleries LLC you have entered into a binding contract.

Upon issuance of a Sales Order confirmation number (invoice number) by South Bay Galleries LLC for a transaction with a customer, a binding agreement is formed between the parties. At such time, the transaction price becomes fixed and all associated market risk transfers to the purchaser. This mechanism affords the purchaser the benefit of price certainty as of the confirmation date, which is a material term of the transaction.

In the event the purchaser fails to perform any of their obligations under the agreement, including but not limited to timely payment, shipment, or any other required act, South Bay Galleries LLC reserves the right, in its sole discretion, to cancel the applicable Sales Order(s). In the case of such cancellation, the purchaser expressly agrees to be liable to South Bay Galleries LLC for any resulting Market Loss, together with a cancellation fee equal to the greater of fifty dollars ($50.00) or ten percent (10%) of the total order value.

The purchaser further agrees to be responsible for all costs and expenses, including but not limited to attorney’s fees and collection costs, incurred by South Bay Galleries LLC in connection with the enforcement or collection of any outstanding obligations. Any Market Gain realized upon cancellation shall be the sole and exclusive property of South Bay Galleries LLC, and the purchaser shall have no claim thereto.

South Bay Galleries LLC reserves the right to cancel any Sales Order at any time and for any reason, with or without notice. Additionally, the fulfillment and shipment of any future Sales Orders shall be suspended until all outstanding balances, including but not limited to Market Losses and cancellation fees, have been paid in full.

This policy will apply to all transactions including a sale, purchase, trade, and down payments/deposits made between a customer and South Bay Galleries LLC.

We use the information you provide to us when placing an order only to bill, process, complete, deliver and ship that order and to provide customer service. We will never distribute or sell your information for any reason.

We ship all orders via FedEx or USPS in discrete, normal packaging not to draw any attention as to what is inside. All packages require a signature for delivery for our protection as well as the clients to assure the correct recipient receives it.

South Bay Galleries insures all sales order shipments while in transit for the sales value of the package contents subject to the following limitations:

You must be physically present at the shipping address when the shipment is delivered by either FedEx or USPS.

If anything happens to your package while it is in transit, you may be permitted to claim coverage under South Bay Galleries insurance policy contingent that you directly received the package from FedEx or USPS.

South Bay must be notified of a lost package within Thirty (30) days from the date your shipment was sent. If a package has been received damaged and/or tampered with, we must be notified withing Two (2) days. Failure to notify South Bay within these timeframes may jeopardize the insurance coverage.

South Bay will not be held liable, and we will not accept responsibility if FedEx or USPS leaves the package without your acceptance, leaves the package without a signature, or leaves the package with anyone other than the customer/addressee. Additionally, South Bay nor our insurance company will accept liability if you leave instructions with FedEx or USPS to leave your package without a signature, with someone else (doorman, front desk, neighbor), at any drop-off/hold locations (UPS store, Walgreens, Dollar General, etc.), or if you request any other modifications to your shipment through FedEx or USPS. Insurance will not be applicable to any shipments sent to a P.O. Box. In any of these cases, you agree to be solely responsible, and you agree to bear the risk of a lost and/or damaged/tampered package and there may be no insurance coverage for your package through South Bay or our insurance company.

If you do not receive your package directly from the common carrier, you agree to be responsible for all actions require to assist in the recovery of your package. This may include filing claims, police reports, signing of an affidavit, providing all information needed that may be required to assist in the recovery of your package. If you do not fully abide by these requirements and do not fully cooperate in the recovery efforts, South Bay along with our insurance company or the carrier will have no liability to you.

If any merchandise is lost or damaged in transit, it is our responsibility to pursue all claims with our insurance company and may need your assistance to provide the necessary information required. After a claim is filed, South Bay reserves the right to re-ship your merchandise or issue a refund at our discretion. South Bay will have no further responsibility and/or liability to you. If there are any disruptions the in delivery of a package, you agree to fully cooperate with South Bay and/or our insurance company in any investigation and/or claim process and take every possible action (within reason) requested in the process. Failure to fully participate and assist will jeopardize any insurance coverage and reimbursement.

Responsibility and/or liability for South Bay and/or our insurance company ends once a package is delivered.

When a client disputes a transaction (initiates a chargeback) South Bay Galleries LLC is charged a fee per transaction/dispute. If a client who has disputed a transaction returns an order after the fact the fee will be deducted from the refund amount. If a client places another order with South Bay Galleries LLC after a disputed charge, they will be required to pay the chargeback fee(s) South Bay Galleries LLC was charged. Each disputed charge carries a fee of $250.00. This fee is non-negotiable.

From time to time, South Bay Galleries LLC may, at its sole discretion, offer company credit and/or gift certificates to certain customers as a promotional courtesy. Company credit and/or gift certificates are provided either to new customers or to returning customers who have not conducted business with South Bay Galleries LLC within the previous ninety (90) days. The issuance, amount, and timing of such credit/certificate is determined exclusively by South Bay Galleries LLC and may vary without notice.

Company credit and/or gift certificates are not actual currency, does not hold any cash or monetary value, and is non-transferable. It is not redeemable for cash, refund, or exchange under any circumstances. This credit and/or gift certificates functions solely as a promotional discount applicable toward eligible purchases.

Company credit and/or gift certificates may not be applied toward the purchase of bullion or other excluded categories, as designated by South Bay Galleries. Additionally, it is only valid on individual items priced at no less than four (4) times the face value of the credit amount. For example, a $250 credit may only be used toward products priced at $1,000 or more.

All use of company credit and/or gift certificates are subject to product availability and approval by South Bay Galleries LLC. The company reserves the right to modify, suspend, or revoke this credit policy at any time without prior notice.

By accepting or using company credit and/or gift certificates, the recipient agrees to the terms and conditions outlined in this disclaimer

Any trade (exchanging of goods between the two parties) made between a client South Bay Galleries LLC is final when both parties have come to an agreement, and each accepts the others’ goods at which point the transfer of ownership will occur. At this point ownership cannot be transferred back to the original owner thus making the transaction final. Buyer’s remorse or change in value after a trade has taken place will not change these terms. Clients must make their own educated decisions based on their due diligence and should calculate any possible risk before agreeing to and executing any trades or sales. Many specialty order items (items that are not in-house) are used for trades and cannot be returned once ownership is taken over by the client. Any sale of an item to South Bay Galleries LLC from any client is final once the client (seller) and South Bay Galleries LLC (buyer) come to and agreed price and a wire transfer or certified bank/Business check is issued from South Bay Galleries LLC to the client (seller). South Bay Galleries LLC issues a bank wire or certified bank check only the seller can recover the funds, thus finalizing the deal once the check is issued. Once you have initiated a trade and/or sale to/from South Bay Galleries LLC you have entered into a binding contract.

1. DEFINITIONS

For purposes of this Agreement:
- “Trade” refers to the mutual exchange of goods between Client and Company.
- “Sale” refers to the transaction in which Client sells an item or items to Company.
- “Special-Order Item” means any item not maintained in Company’s regular inventory and procured specifically for the trade or sale.

2. FINALITY OF TRADE

Upon mutual agreement between the parties as to the goods being exchanged, and upon physical or constructive delivery and acceptance of such goods by both parties, the trade shall be deemed final and irrevocable. Title and ownership of all goods shall transfer immediately at the time of acceptance by both parties.

No rescission, return, or reversion of ownership shall be permitted under any circumstances following execution and completion of the trade. This includes, without limitation, situations involving subjective dissatisfaction, change of mind, or third-party appraisal disputes.

Client acknowledges that special-order items procured for the purpose of the trade are non-returnable and non-refundable, and further waives any right to request a return or cancellation involving such items.

3. FINALITY OF SALE

In the event of a sale by Client to Company, the transaction shall be considered fully completed and non-reversible upon mutual agreement on price and upon issuance of a certified bank check, company check, or wire transfer by the Company to Client.

Client acknowledges and agrees that:
(a) The issuance of any such payment instrument shall constitute final and complete consideration for the item(s) sold;
(b) Upon receipt of said payment, no return, refund, or reversal shall be permitted;
(c) The Company shall retain full title and ownership of the purchased item(s), free of any claims, liens, or encumbrances.

4. WAIVER & INDEMNIFICATION

Client acknowledges, understands, and voluntarily agrees to the terms of this Agreement and expressly waives any and all rights to contest, dispute, or reverse the transaction once executed.

Client further agrees to indemnify, defend, and hold harmless South Bay Galleries LLC, its owners, members, employees, affiliates, and contractors (collectively, the “Indemnified Parties”) from and against any and all claims, demands, liabilities, losses, damages, causes of action, legal fees, and expenses arising out of or related to the transaction detailed herein.

5. ENTIRE AGREEMENT

This Agreement contains the entire understanding between the parties and supersedes all prior oral or written discussions, promises, or representations. No modifications or amendments shall be valid unless in writing and signed by both parties.

6. GOVERNING LAW & JURISDICTION

This Agreement shall be governed by and construed in accordance with the laws of the State of New York, without regard to conflict of law principles. Any disputes arising from this Agreement shall be brought exclusively in a court of competent jurisdiction located in Suffolk County, New York, and the Client irrevocably submits to such jurisdiction.

All certified coins, also referred to as slabbed coins, that come from a third-party grader such as PCGS (Professional Coin Grading Service) or NGC (Numismatic Guaranty Company) are graded according to their standards. Coin grading is not a science and is subjective to the opinions of the graders. Grading can vary from firm to firm and from grader to grader. We at South Bay Galleries LLC simply represent these coins based on the numerical grade they were given according to these grading firms and will not represent them to be anything else. “Raw” coins (coins that have not been certified and assigned a numerical grade from a third-party service) will be represented to the best of our ability. We will give our honest opinion as to what condition the coin or coins are in. The company cannot guarantee any raw coin has not been altered in any way. As mentioned, we will do our best to represent the pieces to the best of our knowledge and will inform any client/potential client if we believe a coin has been altered in any way. The customer should comprise their own opinion on the condition of the coin(s) and not solely rely on anyone else's opinion. If any coin(s) is/are not up the customer's standards they should return them for a full refund or exchange within the return period. Again, grading is opinion based and may vary from person to person depending on their knowledge and understanding of the grading scale.

South Bay Galleries LLC will represent the current population and trending value provided by either NGC or PCGS at the time of the sale. Populations and trending values are subject to change and is not something South Bay Galleries LLC has control over. Again, we will represent the current population and trending value at the time of the sale. South Bay Galleries shall not be held liable under any legal or equitable theory for any discrepancy between guide-listed prices and actual sale outcomes, nor shall it be liable for any direct, indirect, incidental, consequential, or special damages arising from or related to the sale or attempted sale of any merchandise.

By doing business with South Bay Galleries LLC, you agree that you have read and understand this disclaimer as well as the disclaimers provided by NGC and PCGS.

Please read the full price guide disclaimer provided by NGC and PCGS which can be found below:

NGC Price Guide Disclaimer

PCGS Price Guide Disclaimer

Client expressly acknowledges and agrees that South Bay Galleries LLC, including but not limited to its owners, officers, employees, independent contractors, agents, and affiliated wholesalers (collectively, “South Bay Galleries”), makes no representations, warranties, guarantees, or assurances, whether express or implied, that any item submitted, consigned, or offered for sale will achieve, realize, or be sold for the full value listed in any third-party pricing reference, including but not limited to the NGC (Numismatic Guaranty Company) or PCGS (Professional Coin Grading Service) price guide value(s). These guides are intended solely for informational purposes and do not constitute appraisals or guarantees of market value.

Such price guides are intended for reference purposes only and do not constitute appraisals, market guarantees, or assurances of realizable value. The actual sale price of any item may vary significantly due to factors including, but not limited to; current market conditions, buyer demand, economic trends, item condition, and subjective collector interest. All valuations provided are for informational purposes only and should not be interpreted as a promise of sale or return.

South Bay Galleries shall not be held liable under any legal or equitable theory for any discrepancy between guide-listed prices and actual sale outcomes, nor shall it be liable for any direct, indirect, incidental, consequential, or special damages arising from or related to the sale or attempted sale of any merchandise.

The Client expressly acknowledges and agrees that South Bay Galleries LLC, including but not limited to its owners, officers, directors, members, managers, employees, independent contractors, agents, affiliates, and wholesalers (collectively, “South Bay Galleries”), makes no representations, warranties, guarantees, or assurances of any kind, whether express or implied, oral or written, regarding the current or future value, marketability, appreciation, resale potential, or profitability of any items purchased from or through South Bay Galleries.

Any statements, discussions, appraisals, market commentary, or opinions provided by South Bay Galleries are strictly non-binding opinions based on subjective judgment and are not intended to constitute investment advice, market predictions, or guarantees of future performance. The Client understands that any such statements are speculative in nature and may not reflect actual market conditions at any time in the future.

The Client further acknowledges and agrees that the value of coins, precious metals, numismatic, semi-numismatic, bullion, ancient, or collectible items is subject to numerous market factors—both domestic and international—including, but not limited to, changes in supply and demand, market sentiment, geopolitical events, economic conditions, grading standards, and dealer buy/sell spreads, all of which are beyond the control of South Bay Galleries.

By entering into any transaction with South Bay Galleries, the Client voluntarily and knowingly assumes all risks associated with the purchase, ownership, and potential resale of any items, and waives, releases, and forever discharges South Bay Galleries from any and all claims, liabilities, demands, damages, costs, expenses, or causes of action, whether known or unknown, arising out of or in any way related to the valuation, resale, or performance of any purchased items.

The Client agrees to indemnify, defend, and hold harmless South Bay Galleries from and against any and all claims, actions, suits, proceedings, losses, liabilities, damages, judgments, costs, and expenses (including reasonable attorneys’ fees) arising from or related to any resale or attempted resale of items purchased from South Bay Galleries, or reliance upon any statement or opinion made by South Bay Galleries.

Client further agrees to indemnify, defend, and hold harmless South Bay Galleries from any and all claims, losses, liabilities, costs, damages, or expenses (including reasonable attorneys’ fees) arising out of or related to any misunderstanding, reliance upon, or dispute involving third-party price guide values.

The Client agrees that South Bay Galleries shall not be liable for any actual or perceived loss in value, including any discrepancy between listed guide values and actual sale prices. In no event shall South Bay Galleries be liable for any incidental, consequential, indirect, punitive, or special damages, including but not limited to lost profits, loss of opportunity, or diminution in value, even if advised of the possibility of such damages.

Client agrees to indemnify, defend, and hold harmless South Bay Galleries, its owners, officers, employees, contractors, agents, and affiliated entities from and against any and all claims, demands, liabilities, damages, losses, costs, or expenses (including reasonable attorney’s fees and court costs) arising out of or relating to:

(a) Client’s reliance on third-party price guides;

(b) Any sale or attempted sale of consigned items;

(c) Any alleged misrepresentation related to the value or pricing of items;

(d) Any breach of this agreement by Client.

This Agreement shall be governed by and construed in accordance with the laws of the State of New York, without regard to its conflicts of law principles. Any legal action or proceeding arising under or in connection with this Agreement shall be brought exclusively in the courts of Suffolk County, New York, and the parties hereby irrevocably submit to the exclusive jurisdiction of such courts.

Any dispute, claim, or controversy arising out of or relating to this Agreement, including the breach, termination, enforcement, interpretation, or validity thereof, shall be resolved by binding arbitration in accordance with the rules of the American Arbitration Association (AAA). The arbitration shall be conducted in Suffolk County, New York, before a single arbitrator. Judgment upon the award rendered by the arbitrator may be entered in any court having jurisdiction thereof. The parties agree to waive their right to a jury trial or to participate in a class action.

In the event of any dispute arising out of this Agreement, the prevailing party shall be entitled to recover its reasonable attorneys’ fees and costs from the non-prevailing party, including fees incurred in arbitration, litigation, and appeals.

Client irrevocably waives the right to participate in any class action, class arbitration, or other representative proceeding and further waives the right to a trial by jury in any action or proceeding related to this Agreement.

We advertise all coins with prices, grades, and availability subject to actual stock. We are not responsible for typographical errors and reserve the right to refuse, void or cancel a sale at our discretion, including if an item is listed at an incorrect price or with incorrect information due to an error in pricing or product information. Prices and availability are subject to change without notice. All coins are subject to market fluctuation prior to sale. Orders are not considered complete until we accept full payment for merchandise, therefore title (Ownership) of merchandise does not pass to the customer until merchandise is paid in full. Credit card authorization or a down/partial payment is not considered payment in full and South Bay Galleries LLC will retain ownership of the merchandise until any remaining balance is satisfied. We may refund payments made if an error in the order is found. If you order a coin we no longer have in our inventory, we will do our best to find you the same coin, if not we will offer you a substitute at equal or greater value or issue a refund.  We strive to make your experience with South Bay Galleries LLC as easy and enjoyable as possible and appreciate your patience and understanding in the unlikely event of a mistake or error. Any purchases or trades done between South Bay Galleries LLC and a client will first require a contract signed by both parties agreeing to the terms & conditions before any payment or merchandise is sent from South Bay Galleries LLC to the client. Every purchase or trade requires a signed contract, no exceptions. After which the client can either mail their merchandise to us directly (414 S. Service Rd. #336 Patchogue NY 11772) or we will have FedEx pick up the package directly from the client's home. The company does not have any other mailing addresses besides 414 S. Service Rd. #336 Patchogue NY 11772. This is where all our mailing is done from and is the only address any client should send merchandise to whether it is for a trade, appraisal, purchase, return, etc. We at South Bay Galleries LLC remind the buyer that past performance can no way be used to predict the future value of any coin(s) and we cannot guarantee a profit or loss. The buyer should consider these coins as collector coins and any investment or financial advice should be obtained from the buyers’ own financial experts. The statements made on this website and on any phone call are opinions and past performance is no indication of future performance or returns. Precious metals, like all investments, carry risk. Precious metals and coins may appreciate, depreciate, or stay the same depending on a variety of factors. South Bay Galleries LLC cannot guarantee, and makes no representation, that any metals purchased will appreciate at all or appreciate sufficiently to make customers a profit. The decision to purchase, trade or sell precious metals, and which precious metals to purchase or sell, are the customer’s decision alone, and purchases, trades and sales should be made subject to the customer’s own research, prudence and judgment and will be held to the doctrine of caveat emptor.

Part of our sales team is comprised of independent third-party contractors who work independently for themselves. These independent contractors work off the inventory of South Bay Galleries LLC as well as their own inventories they have access to. They may contact clients/potential clients from outside sources/leads they have obtained. Furthermore, the opinions, suggestions, promises, views, recommendations, details, notes, conditions, comments, etc. expressed by the independent contractors are solely those of their own and do not in any way represent the views or opinions of South Bay Galleries LLC or any of its owners or employees. Anything discussed between the independent contractors and the client/potential client is strictly their own opinions and views. These independent contractors may work with other companies or independently outside of South Bay Galleries LLC. Independent contracts build their own clientele from their own sources. Most independent contractors have established relationships with their clients before coming to South Bay Galleries LLC. If any client does business with any independent contractor outside of South Bay Galleries LLC either independently or with another company that is strictly between them. South Bay Galleries LLC will have no part and will not be held liable or responsible for any payments, merchandise, etc. legally or morally. Any and all business done with South Bay Galleries LLC will be processed and shipped from the companies official mailing address (414 S. Service Rd #336 Patchogue NY 11772). South Bay Galleries LLC will not be held liable or responsible for any business done with an independent contractor outside of the company and/or its mailing address. The buyer should comprise their own educated opinion for any raw (any coin not in a slab from one of the top four grading services; PCGS, NGC, ANACS, ICG) piece. Any coin not in these holders is considered raw and will be sold that way, strictly based on the independent contractor’s professional opinion. As always, if the client is unhappy with their purchase, they can return the item(s) purchased for a 100% refund or exchange within the allowed return period. All independent contractors make their own schedules and are not always available during regular South Bay Galleries LLC hours of business. South Bay Galleries LLC will not be held responsible or liable for anything represented/said to any and all clients/potential clients by these contractors. By doing business with South Bay Galleries LLC in any way (buying, selling, trading, etc.) you agree that you have thoroughly read, understand, and agree to the terms and conditions of this agreement. You also agree to hold harmless South Bay Galleries LLC, its owners, its employees, and associates from and against all liability claims and lawsuits regarding a trade, sale or any transactions. All disputes will be resolved in N.Y. State, Suffolk County Civil Courts and are subject to the laws of New York State.

Visiting southbaygalleries.com or sending emails to SOUTH BAY GALLERIES LLC constitutes electronic communications. You consent to receive electronic communications, and you agree that all agreements, notices, disclosures and other communications that we provide to you electronically, via email and on the Site, satisfy any legal requirement that such communications be in writing.

South Bay Galleries LLC

It is the policy of South Bay Galleries LLC, to prohibit the use of our business or services for money laundering or terrorist financing.

This AML Program and Policy has been developed in conformance with the requirements of rules promulgated by the U.S. Department of Treasury, Financial Crimes Enforcement Network, 31 CFR Part 103, Section 130.140 c, under the Bank Secrecy Act as amended by the USA PATRIOT Act of 2001 (Pub.L.107-56) and is based on South Bay Galleries LLC assessment of the money laundering and terrorist financing risks associated with South Bay Galleries LLC pertaining to covered goods.

This Program and Policy will be made available to the U.S. Department of

Treasury or any other duly authorized government agency upon request.

Both this AML Program and Policy and South Bay Galleries LLC Risk Assessment have been reviewed by both the Board of Directors and the Senior Management of South Bay Galleries LLC. Both this Program and the Risk Assessment may be updated from time to time or as required by law.

This Program and Policy applies only to the purchase and sale of covered goods defined as coins, precious metals, antique, and antiquities (of an assay in excess of 500 parts per thousand).

GENERAL COMPLIANCE POLICIES

1. It is the strict policy of South Bay Galleries LLC to comply with all cash reporting requirements for receipt of cash in a single transaction or in a series of related transactions in an amount of $10,000 or higher. In all such cases, an IRS Form 8300 will be completed in full and submitted to the appropriate government agency.2. It is the policy of South Bay Galleries LLC periodically to check all known government agency or agency sponsored lists of counties that have been found to be non-cooperative in anti-money laundering efforts and lists of countries suspected of supporting terrorism and list of individuals suspected of supporting terrorism or engaging in terrorist activity. The purpose of this activity is to determine whether any source of supply, distribution channel or individual associated with the business of South Bay Galleries LLC has been included on such lists.

3. It is the policy of South Bay Galleries LLC to file the relevant IRS form when opening a foreign bank or other foreign financial institution account, and, when appropriate, to file the appropriate IRS form pertaining to the international transportation of currency or monetary instruments as required by law.

4. It is the policy of South Bay Galleries LLC to complete and submit to the appropriate government agencies and enforcement jurisdictions all documents required under state law associated with the purchase of finished goods or other precious metal, precious stones, jewels, antiques, and antiquities from members of the public.

5. Any request from a business partner of South Bay Galleries LLC to alter its course of dealing with South Bay Galleries LLC will be the subject of reasonable inquiries designed to determine the reasons for the change in course of dealings. Changes in course of dealing includes, but is not limited to: change in payment (receivable or payable) methods or locations, change in delivery methods or locations, introduction of heretofore unknown third parties into the course of dealing, change in the chain of distribution.

6. Any request from a business partner of South Bay Galleries LLC for an unusual degree of secrecy related to the transaction will be the subject of reasonable inquiries designed to determine the reasons for the high degree of secrecy.

7. It is the policy of South Bay Galleries LLC that, when the person or company supplying or purchasing covered goods, evades or refuses to respond to reasonable inquiries to acquire information or explanations required for compliance with the South Bay Galleries LLC AML program, it is the policy of South Bay Galleries LLC to:• Refer the transaction to the Compliance Officer for assessment.

• Decide whether or not to engage in the transaction.

• Refuse the transaction.

8. It is the policy of South Bay Galleries LLC to train all relevant employees regarding the laws and regulations pertaining to anti-money laundering requirements and the program and policy of South Bay Galleries LLC.

PART 1 – Identification Of Customers And Business Partners.

1. It is the policy of South Bay Galleries LLC to acquire from all business partners engaged in selling to or purchasing covered goods from South Bay Galleries LLC and from customers engaged in transactions using credit instruments (including credit cards, checks, wire transfers, etc.) standard identifying information. This information is to be maintained in written form as required.

2. Government issued licenses, photo identification documents passports, and etc. corroborates identification information.

3. Identification information has already been recorded for established business partners and customers and will be acquired in advance of opening new accounts.

4. It is the policy of South Bay Galleries LLC to review all identification information for internal consistency – all identification information must be consistent for each supplier or business partner on all identification documents, or a reasonable explanation for the inconsistency has been provided.

5. It is the policy of South Bay Galleries LLC to acquire the above mentioned identification information for any third party associated in any manner with any transaction for covered goods in which South Bay Galleries LLC is engaged, including third party payers or payees, recipients, suppliers or senders of goods.6. It is the policy of South Bay Galleries LLC to acquire all required identification information from members of the public, foreign sources of supply or other

non-dealers from whom we purchase or acquire covered goods.

7. It is the policy of South Bay Galleries LLC to periodically check all government agency or agency sponsored lists of persons suspected of engaging in criminal activity or countries that support terrorism or have been identified as non-cooperative in efforts to combat money laundering. It is the responsibility of the Compliance Officer to check these lists on a periodic basis and to review the transactions and business partners of South Bay Galleries LLC to determine if any of the countries, individuals or entities engaged in business or any transactions with South Bay Galleries LLC.

8. In cases where any party to a transaction evades or refuses to respond to reasonable inquiries designed to identify the person or otherwise comply with the AML Program of South Bay Galleries LLC it is the policy of South Bay Galleries LLC to:

• Refer the transaction to the Compliance Officer for assessment

• Decide whether or not to engage in the transaction.

• Refuse the transaction.

PART 2 – Monitoring Business Transactions

A. Purchases of covered goods from members of the public

1. Purchases of covered goods by Company from members of the public which result in monetary payment to the party offering the covered goods require identification of the party offering the item consistent with South Bay Galleries LLC identification policy as described above.

2. Compliance with state laws applicable to such purchases is required.

3. South Bay Galleries LLC makes payments for such purchases only in the form of a company check, bank check or electronic transfer.4. All such purchases and payments are made only directly to the person offering the covered goods for sale, not to a third party, unless such third party has been fully identified and the reason for the participation of the third party adequately explained.

5. In cases where any party to a transaction evades or refuses to respond to reasonable inquiries designed to identify the person, it is the policy of South Bay Galleries LLC to:

• Refer the transaction to the Compliance Officer for assessment.

• Decide whether or not to engage in the transaction.

• Refuse the transaction.

B. Purchases or sales of covered goods to or from foreign sources of supply or other non-dealers (estate sales, US government-sponsored sales, bankruptcy trustees, auction houses, etc.)

1. All transactions involving purchases or sales to or from foreign sources of supply or other non-dealers require identification procedures as described above.

2. Payment for all such purchases of covered goods are in the form of check, credit card or wire transfer ONLY.

3. No third party should be engaged in payment or supply or distribution channel for the item purchased or sold without an explanation from the foreign source of supply or other non-dealer of the identity and reason for involvement of the third party.

4. It is the policy of South Bay Galleries LLC to inquire of all foreign-based sources of supply about the implementation of an AML program consistent with their local laws. If the foreign source of supply is implementing an AML program, this communication is provided to South Bay Galleries LLC in writing.

5. In cases where any party to a transaction evades or refuses to respond to reasonable inquiries designed to monitor the transaction or otherwise complywith South Bay Galleries LLC AML program, it is the policy South Bay Galleries LLC to:

• Refer the transaction to the Compliance Officer for assessment.

• Decide whether or not to engage in the transaction.

• Refuse the transaction.

6. Any request from business partner to alter its course of dealing regarding transactions with South Bay Galleries LLC will be the subject of reasonable inquiries designed to determine the reasons for the change in course of dealings. Changes in course of dealing includes, but is not limited to: change in payment (receivable or payable) methods or locations, change in delivery methods or locations, introduction of heretofore unknown third parties into the course of dealing, change in the chain of distribution.

7. In cases where any party to a transaction evades or refuses to respond to reasonable inquiries regarding changes in course of dealing with South Bay Galleries LLC, it is the policy of the company to:

• Refer the transaction to the Compliance Officer for assessment.

• Decide whether or not to engage in the transaction.

• Refuse the transaction.

PART 3 – Detecting And Responding To “Red Flags”

1. It is the policy of South Bay Galleries LLC to detect and respond to red flags that might raise suspicion that a particular transaction or business partner or customer is engaging in activity designed to facilitate money laundering or terrorist financing.

2. When “red flags” are detected, it is the policy of South Bay Galleries LLC to:

• Refer the transaction to the Compliance Officer for assessment.

• Decide whether or not to engage in the transaction.

• Refuse the transaction. The following general categories describe “red flags” which trigger the above referenced procedure;

Unusual payment methods include but are not limited to:

• Use of large quantities of cash.

• Sequentially numbered money orders.

• Travelers checks in large quantities.

• Repeated use of cashier’s checks.

• Payments from third parties.

• Any combination of the above.

Unwillingness By a Customer, Business Partner or Supplier to Provide Complete or Accurate Contact Information, Financial References or Business Affiliations

Activities under this category include but are not limited to:

• A business partner or customer evades or refuses to provide identification information.

• A business partner or customer evades or refuses to answer reasonable inquiries about a transaction.

• A business partner or customer requests an unusual degree of secrecy related to a transaction.

• A business partner or customer uses a fake identification document.

Purchases Or Sales That Are Unusual for The Particular Customer, Suppler Or

Type Of Customer or Supplier

Activities under this category include but are not limited to:

• Change of delivery methods.

• Change of payment methods.

• Requests for payment or delivery to a third party.

• Change of banking reference.

• Change in order quantities (usually sudden increase).

• Change in frequency of transactions. • Repeated purchase and return of items or orders.

• Increased trade-in or return activity.

• Change in the goods supplied (either quantity or type of goods).

Purchases or Sales That Are Not In Conformity With Standard Industry Practices

Activities under this category include but are not limited to:

• Requests for payments not to be recorded on the books and records of the company.

• Requests that goods not be entered into inventory records.

• Requests for unusual activity, such as melting precious metals.

• Unusual quantities of goods ordered.

• Requests for products not usually offered by a supplier company.

• Requests for an unusual degree of secrecy.

PART 4 – Procedures For Responding To Treasury And Requests For AML Information

Requests For Information From Duly Authorized Government Agencies

1. It is the policy of South Bay Galleries LLC to refer all requests from Treasury or any other duly authorized government agency to the Compliance Officer for response.

4. All requests for information from Treasury or other duly authorized government agencies will be reviewed by the responsible employee within 7 business days of the original request from the government agency, or in conformance with the timetable provided by the government agency.

5. All responses to government agencies will be prepared in written form by the Compliance Officer and reviewed prior to submission by the Owner of South Bay Galleries LLC.

Voluntary Reporting of Suspicious Activity. It is the policy of South Bay Galleries LLC to file Suspicious Activity Reports (SAR), when appropriate. Any employee may suggest to the Compliance Officer the filing of a SAR. It is the determination of the CO whether or not to file a SAR.

1. Suspicious activity is defined as any activity conducted or an attempt to conduct an activity that an employee of South Bay Galleries LLC suspects or has reason to believe involves money from criminal activity, is designed to evade this AML Program and Policy or any provision of the AML regulations pursuant to the USA PATRIOT Act, appears to serve no legitimate business purpose and for which no available facts provide reasonable explanation.

2. When such activity is detected, the CO will review the activity and determine whether or not to recommend the filing of a SAR. The Owner of South Bay Galleries LLC will review such determination.

3. A copy of SAR’s filed according to the provisions of South Bay Galleries LLC AML Policy and Program will be maintained with all other documents and records for AML compliance.

Part 5 – Documentation and Records of AML Compliance

1. It is the policy of South Bay Galleries LLC to document all compliance actions in connection with this program and policy.

2. It is the policy of South Bay Galleries LLC to maintain the records and documents associated with compliance with this AML Program and Policy. These records are to be maintained separately from the books and records of South Bay Galleries LLC.

3. It is the policy of South Bay Galleries LLC to ensure the security of the records of AML Compliance.

This document is the AML Compliance Program and Policy of South Bay Galleries LLC. It has been endorsed and supported by the senior management of South Bay Galleries LLC. It will be updated and amended as needed or as required by law.

You agree to indemnify, defend and hold harmless SOUTH BAY GALLERIES LLC, its officers, directors, employees, agents and third parties, for any losses, costs, liabilities and expenses (including reasonable attorney's fees) relating to or arising out of your use of or inability to use the Site or services, any user postings made by you, your violation of any terms of this Agreement or your violation of any rights of a third party, or your violation of any applicable laws, rules or regulations. SOUTH BAY GALLERIES LLC reserves the right, at its own cost, to assume the exclusive defense and control of any matter otherwise subject to indemnification by you, in which event you will fully cooperate with SOUTH BAY GALLERIES LLC in asserting any available defenses. 

The only relationship between South Bay Galleries LLC and the customer is that of a purchaser and seller. No other legal or business relationship shall be deemed to exist, including but not limited to agency, employment, franchising, partnership, or joint venture.

Additional terms applicable to specific products—including, but not limited to, pricing, accepted payment methods, and policies regarding returns, refunds, cancellations, or exchanges—may be provided on the website within the product description pages.

You may not transfer or assign any of your rights or obligations under this Agreement without the prior written approval of South Bay Galleries LLC, which may be granted or denied at its sole discretion. This Agreement, including but not limited to these Terms and Conditions, shall be binding upon and inure to the benefit of the permitted successors and assigns of both you and South Bay Galleries LLC.

You are advised to exercise discretion when disclosing the existence or specific terms of any transactions conducted with South Bay Galleries LLC and should give careful consideration before sharing such information with any third party.

South Bay Galleries LLC is committed to resolving any disputes or disagreements in a fair and timely manner. We recommend that customers first contact our Customer Service team to attempt to resolve any issues directly. Customers may also seek assistance from a neutral third-party organization, such as a local Better Business Bureau. If an informal resolution cannot be achieved, the matter will be handled as described below.

All disputes, claims, or actions arising out of or relating to transactions between you and South Bay Galleries LLC, including but not limited to these Terms and Conditions, shall be subject to the exclusive jurisdiction of the state and federal courts located in Suffolk County, New York. You expressly consent to the personal jurisdiction and venue of such courts for the resolution of any such disputes and waive any objections to jurisdiction or venue in those courts.

This Agreement shall be governed by and construed in accordance with the laws of the State of New York, without regard to its conflict of law principles. Any legal action or proceeding arising under this Agreement shall be brought exclusively in the courts located in Suffolk County, New York.

Both the Client and South Bay Galleries LLC voluntarily and knowingly waive any right to a trial by jury in any legal proceeding arising out of or relating to this Agreement or the transactions contemplated herein. This waiver applies to all claims whether sounding in contract, tort, or otherwise.

In the event the parties are not able to resolve any dispute between them arising out of or concerning these Terms and Conditions, or any provisions hereof, whether in contract, tort, or otherwise at law or in equity for damages or any other relief, then such dispute shall be resolved only by final and binding arbitration pursuant to the Federal Arbitration Act, conducted by a single neutral arbitrator and administered by the American Arbitration Association, or a similar arbitration service selected by the parties, in a location mutually agreed upon by the parties. The arbitrator's award shall be final, and judgment may be entered upon it in any court having jurisdiction. In the event that any legal or equitable action, proceeding or arbitration arises out of or concerns these Terms and Conditions, the prevailing party shall be entitled to recover its costs and reasonable attorney's fees. The parties agree to arbitrate all disputes and claims with regard to these Terms and Conditions or any disputes arising as a result of these Terms and Conditions, whether directly or indirectly, including Tort claims that are a result of these Terms and Conditions. The parties agree that the Federal Arbitration Act governs the interpretation and enforcement of this provision. The entire dispute, including the scope and enforceability of this arbitration provision shall be determined by the Arbitrator. This arbitration provision shall survive the termination of these Terms and Conditions. 

To the maximum extent permitted by law, the Company shall not be liable for any indirect, incidental, special, or consequential damages resulting from any order or use of products and services.

If South Bay Galleries LLC cannot perform any obligation hereunder as a result of any event that is beyond its control, South Bay Galleries LLC’S delay or failure to perform such obligation shall be excused and South Bay Galleries LLC shall not be liable for any damages as a result of, or in connection with, such delay or such failure.

The User Agreement is intended to be enforceable to the fullest extent permitted by applicable law. If any term of the User Agreement is held to be unenforceable for any reason, such unenforceability shall not affect the other terms of the User Agreement, and the term that would otherwise be unenforceable shall be enforced to the fullest extent that it would be enforceable.

The User Agreement, the Privacy Policy, Terms and Conditions/Terms of Service and confirmations of the Sale or Purchase transactions hereunder set forth the entire understanding between South Bay Galleries LLC and you with respect to the subject matter of our transactions. This Agreement constitutes the entire agreement between the parties and supersedes all prior or contemporaneous understandings, agreements, representations, and warranties. No amendment or modification of this Agreement shall be binding unless in writing and signed by both parties.

SOUTH BAY GALLERIES LLC reserves the right, in its sole discretion, to modify the User Agreement/Terms of Service/Terms and Conditions under which South Bay Galleries LLC and SouthBayGalleries.com is offered without notice by posting the amended terms on the Website and such amendments shall become effective immediately for all transaction done with South Bay Galleries LLC (website, telephone, email).  The most current version of the Terms will supersede all previous versions. SOUTH BAY GALLERIES LLC encourages you to periodically review the Terms to stay informed of our updates. 

South Bay Galleries makes no representations or assurances regarding the investment merit of any coins, precious metals, or numismatic items offered for sale. You acknowledge and agree that: (a) South Bay Galleries, its employees, agents, or representatives are not acting as your fiduciary or investment advisor; and (b) none of its personnel are licensed to provide investment advice or to offer personalized financial guidance of any kind.

Any commentary or information shared by South Bay Galleries—whether verbal, written, or published—pertaining to the collectibles, rare coin, or precious metals markets is strictly for general informational purposes and should not be interpreted as financial, legal, tax, or investment advice.

South Bay Galleries cannot and does not promise that any item purchased will appreciate in value, or that there will be a future resale market for the product. Listed prices, comparable values, or reference materials provided by the Company are not indicative of future performance or fair market value, and should not be relied upon to determine potential resale outcomes.

The collectible and numismatic markets are inherently volatile and speculative in nature. These markets may be influenced by a wide range of unpredictable factors including, but not limited to, changes in market demand, grading standards, supply fluctuations, and macroeconomic conditions. As such, there is no reliable method for forecasting future pricing trends. By completing a purchase, you accept and assume all risks associated with the potential loss or depreciation of value related to collectible or numismatic items.

You represent and warrant that:

- You are at least eighteen (18) years of age

-You have the authority, capacity, and financial ability to enter into this Agreement and the transactions contemplated by this Agreement

-The information you provide to the Company is complete and accurate

-Your interaction with the Company does not violate any applicable law or regulation.

The following terms have the following meanings in the User Agreement:

South Bay/The Company/South Bay Galleries/South Bay Galleries LLC

The term "South Bay/The Company/South Bay Galleries/South Bay Galleries LLC" means South Bay Galleries LLC, a New York corporation.

Bullion

The term “Bullion” means the term that is used to describe a precious metal such as Gold, Silver, Platinum or Palladium Coin(s), bar(s) or round(s) which follow spot prices and have little or no Numismatic value (such as restrikes) and/or the form in which metal is shaped such as bars, ingots or rounds.

Business Day(s)

The term "Business Day(s)" means a day other than a Saturday, a Sunday or a day that is a holiday under the federal law of the United States of America and/or the laws of the State of New York.

Coin(s)

The term “Coin(s)” means a stamped/pressed piece of metal of a known weight and fineness issued by a sovereign government. The may be bullion, numismatic (mostly 1700’s to 1964), ancient (BC to Early AD Dated) and/or modern issue (1986 to date).

 eCheck/Check By Phone

An eCheck/Check By Phone is a check generated by South Bay Galleries LLC on your behalf with your consent in the amount of your sales order using the banking information that you provided, that will be deposited into our bank either the same day your order is placed or the following day if it is after business hours.

Fair Market Value

The term “Fair Market Value” means the Fair Market Value of the Product as determined by South Bay Galleries LLC, in its reasonable discretion, as of 5 p.m. (EST) on the date of cancellation or abandonment of the Sales Order or the Purchase Order. Additionally, Fair Market Value of the Product as determined by South Bay Galleries LLC in regard to trade(s)/sale(s) to/from South Bay Galleries LLC determined by what the same or similar products are currently selling for in the marketplace at the time of the trade(s)/sale(s).

Market Gain

The term “Market Gain” refers to:

When a Sales Order or Sale, as the case may be, is cancelled by South Bay Galleries LLC or abandoned by the customer Market Gain occurs when the Fair Market Value of the Product(s) on the date of the cancelled Sales Order or Sale or abandonment is greater than the original sales price of the Product(s) as it appears on the cancelled/abandoned Sales Order.

Market Loss

The term “Market Loss” means:

When a Sales Order or Sale, as the case may be, is cancelled by South Bay Galleries LLC or abandoned by the customer Market Loss occurs when the Fair Market Value of the Product(s) on the date of the cancelled Sales Order or Sale or abandonment is less than the original sales price of the Product(s) as it appears on the cancelled Sales Order.

Numismatics

“Numismatics” refers to the study or collection of anything used as a medium of exchange. “Numismatic Coins” refers to a coin, the price of which depends more in its (their) rarity, condition, dates and mintmarks than on their Precious Metal content, if any.

Semi-Numismatic

The term “Semi-Numismatic” means a Coin that has both Bullion and Numismatic value.

Order(s)

The term “Order(s)” means, as applicable, a confirmed Sale by a customer whether such Order was made through the Website, by telephone, in person or otherwise.

Precious Metal(s)

The term “Precious Metal(s)” means Gold, Silver, Platinum, Rhodium, Osmium, Ruthenium, Palladium and Iridium. Precious Metals are characteristically lustrous, ductile, rare and nonreactive.

Product(s)/Merchandise

The term "Product(s)/Merchandise” means a Product/Merchandise that is the subject of an Order. A Product may include, without limitation, Bullion, a Coin, whether Numismatic, Semi-Numismatic or not, a Precious Metal, Ancient, Modern, and/or supplies.

Purchase(s)

The term "Purchase(s)” means the acquisition of Product(s) by South Bay Galleries LLC from a customer, whether made through the Website, by telephone, in person or otherwise, with the number, quality and price confirmed. A Purchase is distinct from the acquisition by a customer from South Bay Galleries LLC of a Product, which is treated as a Sale hereunder.

Trade(s)

The term "Trade(s)” means the exchanging of Product(s) between a customer and South Bay Galleries LLC, whether made through the Website, by telephone, in person or otherwise, with the number, quality and value(s) confirmed. A trade is distinct from the acquisition by a customer from South Bay Galleries LLC and vice versa of a Product, which is treated as a Sale hereunder.

Contract(s)

The term “Contract(s)” means a legal document issued by South Bay Galleries LLC outlying in detail the trade and/or purchase of a customer’s merchandise for either an exchange or purchase by South Bay Galleries LLC. This will contain the date the agreement was made, the merchandise being purchased or trade, and what each party (South Bay Galleries LLC and the customer) will be receiving. These contracts are legal documents and will be required to be signed and dated by the customer before any trade and/or purchase can be completed. 

Sale(s)

The term "Sale(s)” means the acquisition of Product(s) by a customer from South Bay Galleries LLC, whether made through the Website, by telephone, in person, or otherwise, with the number, quality and price confirmed. A Sale is distinct from the acquisition by South Bay Galleries LLC from a customer of a Product, which is treated as Purchase hereunder.

Sale Order(s)/Invoice Number(s)

The term “Sale Order(s)/Invoice Number(s)” means an Order placed by a customer with South Bay Galleries LLC for the acquisition by the customer of Product(s) from South Bay Galleries LLC.

User Content

The term “User Content” means content posted by you on the Website, including without limitation any images or testimonials.

Website

The term "Website” means the websites located at www.southbaygalleries.com.

SOUTH BAY GALLERIES LLC welcomes your questions or comments regarding this Statement of Privacy. If you believe that SOUTH BAY GALLERIES LLC has not adhered to this Statement, please contact SOUTH BAY GALLERIES LLC at: 

Mail Correspondence To: 

SOUTH BAY GALLERIES LLC
414 S. Service Rd #336
Patchogue, NY 11772 

EMAIL: Info@southbaygalleries.com

TELEPHONE: 888-982-1109