Numismatic Loans

A: Yes. CFC has a minimum loan size of $25,000. This means that, based on a typical Loan-To-Value ratio of 65%, a borrower needs to have approximately $40,000 of NGC-graded coin collateral.

A: CFC endeavors to promptly process loan applications. The typical time from the submission of an application to receipt of funds is ten or fewer business days.

A: CFC references provided by corporate parent A-Mark Precious Metals to determine the value of numismatic collateral.

A: Individual and joint borrowers are asked to provide contact information, an estimate of their liquid assets and net worth. A copy of a government issued ID (generally a driver's license or a passport) is required to secure a loan as well as disclosure related to liens, judgments, or pending litigation.

A: Yes. Borrowers must be citizens or legal residents of either the United States or Canada and their loans are subject to restrictions based on state or provincial residency.

A: Yes. A borrower is required to represent that a loan's proceeds will be used for commercial investment purposes. The objective of this restriction is to ensure that someone is not borrowing capital to fund day-to-day personal expenses.

A: CFC references A-Mark Precious Metals, Inc. (Nasdaq: AMRK) to determine the value of numismatic collateral.

A: No. Prior bankruptcies or a less than optimal credit record do not directly impact loan decisions.

A: Yes. CFC will perform a search of relevant Uniform Commercial Code (UCC) filings to ensure that there are no claims on the proposed collateral.

A: CFC loans are for 180 days. Borrowers are generally offered the opportunity to renew their loan several weeks before maturity. Most CFC loans are renewed for multiple terms.

A: No. CFC's loans do not have origination, pre-payment, or other fees except for those associated with materials processing and late payments. CFC loans do have a storage charge based on collateral value.

A: Yes. A decline in collateral value based upon current market prices can result in a margin call. The purpose of a margin call is to return a loan to an acceptable Loan-To-Value ratio. Borrowers are generally provided an opportunity to meet a margin call by supporting their loan with additional collateral or cash capital as well as authorizing CFC to monetize a portion of their existing collateral.

A: Yes. A loan can be paid off any time without incurring fees. Loans may be repaid by bank wire, check or through the authorized sale of the underlying collateral.