- Cancellation requests are considered at Hobart Mint's discretion.
Approved cancellations are subject to the following:
a) Manufacturing & Processing Costs
- Manufacturing and processing costs are generally non-refundable, including where production has not yet commenced.
- These costs reflect production allocation, handling, and administrative commitments made at the time of order.
b) Market Movement (Metal Value)
Orders include:
- A metal value component based on the spot price at the time of order, and;
- A manufacturing premium (covering fabrication, handling, and production).
If cancelled:
- If the market price has fallen, the difference may be payable as a market loss.
- If the market price has risen, no gain or benefit is payable.
c) Refunds
Any refund (if approved) will be:
- Based on the original order price.
- Less manufacturing/processing costs.
- Adjusted for any market movement.
- Refunds will not be processed until any applicable amounts are settled in full.
Plain English Summary
- You lock in a price when you order.
- We commit production capacity immediately — even if the item has not yet been manufactured.
If you cancel:
- You may lose the manufacturing component.
- You are exposed to downside in the metal price.
- You do not benefit from price increases.
Due to the nature of bullion products:
- Sales are final.
- Returns are generally not accepted for change of mind.
- If goods are defective or incorrect, Hobart Mint will provide a remedy in accordance with Australian Consumer Law.