Glossary Of Terms
Seller Center
Price Setting
The seller has to choose one of the options provided below to set your own pricing of the selling items.
Fixed Price (Option 1)
The price of a good or a service which is fixed. This type of pricing will not fluctuate as it is not based on the spot price.
*spot price is the current market price at which an asset is bought or sold.
Premium Over Spot
Fixed Addition (Option 2)
This pricing option is above normal market value and you get to set your own pricing by setting the premium according to the premium that you would like to acquire in Ringgit Malaysia (RM).
The formula to calculate this option in order to get your price is:
(spot price x weight x purity) + premium (RM)
If you want to sell a brand new Pamp Suisse Cast Bar 100g Gold 999.9 and get RM100 for your profit, this is how you calculate the price if you are using this option, using the information provided right next to the product image:
The spot price for 20 January 2018; 2:02pm is RM160/gram
Therefore, your price :
Your price = (RM160 (spot price) x 100g (weight) x 0.9999 purity) + RM100
= RM15,998.40 + RM100
=RM16,098.40
By Percentage (Option 3)
This pricing option is above normal market value and you get to set your own pricing by setting the premium according to the premium that you would like to acquire in percentages (%).
The formula to calculate this option in order to get your price is:
(spot price x weight x purity) + percentage (%)
If you want to sell a brand new Pamp Suisse Cast Bar 100g Gold 999.9 and get RM100 for your profit, this is how you calculate the price if you are using this option, using the information provided right next to the product image:
The spot price for 20 January 2018; 2:02pm is RM160/gram
Therefore, your price :
(RM160 (spot price) x 100g (weight) x 0.9999 purity) + 10% of spot price x weight x purity
= RM15,998.40 + 10%
= RM15,998.40 + RM1599.84
By Both Combination of Fixed Addition and Percentage (Option 4)
This pricing option is above normal market value and you get to set your own pricing by setting the premium according to the premium that you would like to acquire both in RM and percentages (%).
The formula to calculate this option in order to get your price is:
(spot price x weight x purity) + premium RM + premium percentage (%)
If you want to sell a brand new Pamp Suisse Cast Bar 100g Gold 999.9 and get RM100 for your profit, this is how you calculate the price if you are using this option, using the information provided right next to the product image:
The spot price for 20 January 2018; 2:02pm is RM160/gram
Therefore, your price :
(RM160 (spot price) x 100g (weight) x 0.9999 purity) + premium (RM) + (10% of spot price x weight x purity)
= RM15,998.40 + premium (RM) + 10%
= RM15,998.40 + RM100 + RM1599.84
= RM17,698.24
Enable or disable button
You can set to enable or disable this product to appear instantly on our “Buyer Centre” page.
*Please ensure that all the information required in the price settings are entered accurately.
Your Price
The nett pay that you will get according to the option you have chosen in the “price settings” section.
Commission (inclusive GST)
The fees that Nubex has imposed on the selling item and paid by the buyer.
GST on product
GST charge, which is applicable to (1)the seller who owns a GST-registered business; and (2) GST applicable products.
Selling price
The total price (Your price + Commission + GST on product) that is visible to the buyer.
Buyer Centre
Condition
Product Condition. Jump to FAQ : Conditions Types for more information
Seller
The sellers displayed are the total available sellers for each identical product.The sellers will be sorted from the cheapest to the most expensive.
The buyer is not permitted to choose the sellers as the system will automatically assign the buyer to the cheapest product offered, given if the quantity offered are sufficient for you. If the quantity offered by seller is not enough, the system will automatically select the second seller for you to purchase the remaining balance.
Price
Consist of two types of pricing, which are “retail” and “powerbuyer”
“Retail” is the price charged to individual customers.
“Powerbuyer” is the discounted price which will be charged for all Nubex products, provided if they buyer has registered for the Powerbuyer price.
Condition Types Guideline
Condition A+
A brand new product which is direct from the mint. It has never been sold to any individual or entity.
Condition A
Like new condition. Item is pre-owned but condition remains intact. All original packaging.
Original anti-scratch protection still attached to the certiliner
Coin is intact in the original capsule with excellent condition.
Condition B
Good condition. Item is pre-owned but remains in good condition. Show slight signs of wear and limited scratching.
Scratches can be seen on the surface and anti-scratch protection is already detached from the certiliner. The gold remain intact in the unopened certiliner.
Some minor but limited scratches is visible on the surface of the coin.
Silver bar/coin is still in original packaging but signs of wear is visible.
Silver bar/coin is out from the original casing but still in excellent condition. Usually new casing/capsule will be provided.
Condition C
Acceptable condition. Item is pre-owned in acceptable condition. It may include deep scratches or noticeable dents.
At some point, the gold bar has been taken out from the casing (broken seal certiliner).
Certiliner is torn but not missing.
Deep scratches are visible on the surface of the coin.
Dent is visible on the edge of the coin but with only minor scratches
Condition D
Bullion is pre-owned with both heavy scratching and dents and without certificate/certiliner.
Bullion is pre-owned with both heavy scratching and dents and without certificate/certiliner.
Dent is visible on the edge of the coin with major scratches on the surface.