TXGOLD

    Redemption Instructions

    Redemption can now be done for as little as 1/4 ounce of gold! Note that 1/4 and 1/2 ounce coins are priced higher (per weight) than a 1 ounce coin; additional tokens need to be included to cover this price difference (see examples below).

    Fees

    As noted in the user agreement, the Texas Bullion Depository charges a shipping fee (currently $17.95 + 0.0018 × spot price value). To cover this fee, additional TxGold tokens will be needed to fulfill a redemption request.

    Transfers to a personal Texas Bullion Depository account are not shipped, and are instead charged a flat 6 TxGold.

    Coin Markups

    • 1 oz gold coins — No markup
    • 1/2 oz gold coins — 7.0% markup
    • 1/4 oz gold coins — 16.0% markup

    Examples

    Assuming a spot price of gold = $4,000 USD:

    • To redeem 3 oz of physical gold (to a mailing address), redeem (3 × 1,000) + 9.89 = 3,009.89 TxGold tokens.
    • To transfer 2 oz of physical gold (to a personal TXBD account), send (2 × 1,000) + 6 = 2,006 TxGold tokens.

    How to Initiate a Redemption

    To initiate a redemption, use the Redemption feature in the TxGold App. By default, we will send gold to the physical mailing address listed in the identification document used during the registration process. To specify a different mailing address, please contact support@txgold.money prior to initiating a redemption.