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/calculator).
As noted in the user agreement, the Texas Bullion Depository charges us a withdrawal and postage fee. To cover this fee*, please include an additional 20 tokens in your transaction (if initiating a transfer to your own personal TXBD account, you need only include an additional 10 tokens).
Examples:
To redeem 3 oz of physical gold (to a physical mailing address), you need to send (3*1000) + 20 = 3020 TxGold tokens.
To transfer 2 oz of physical gold (to a personal TXBD account), send (2*1000) + 10 = 2010 TxGold tokens.
To initiate a redemption, send tokens to TxGold Holding Account. By default, we will send the 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.
Calculator:
Use this calculator to determine how much physical gold can be redeemed for a given number of TXGold tokens.