N.I.S. POLICY
The following will be the policy for the AVA New Issues Service:
MEMBERSHIP: N.I.S. membership will be limited to 200. Seniority is assigned on becoming an N.I.S. member, not by AVA membership number. A waiting list will be maintained by date of application, again, not by AVA membership number.
DEPOSITS: Members will maintain a minimum balance of $35.00. With each mailing of tokens, a statement will be enclosed advising members of his/her balance. It is the member’s responsibility to maintain his/her balance at or above the minimum. Credit will not be extended to any member. If the account has not been brought to the minimum balance after thirty days, or as of the mailing of the next shipment, whichever is longer, the member will be sent a Reminder and his account charged $1.50 ($3.00 foreign) for the extra correspondence. If no reply is received within 30 days of the reminder or next shipment a Delinquency Notice will be sent, and the account charged an additional $1.50 ($3.00 foreign) for the additional correspondence. If no reply is received prior to the date of the next shipment the member will be dropped from membership and the account will be charged $1.50 ($3.00 foreign) for the additional correspondence and account closing. If a member is dropped or withdraws from N.I.S. membership a refund of the account balance will be made, provided the account balance is $1.00 or more as NO refunds of less than $1.00 will be made.
TOKEN ACCEPTANCE: Each member is required to accept all tokens handled by the New Issues Service. The only exception will be the AVA Convention Tour Token. Should the member elect not to receive the tour token written notice must be provided to the manager of the New Issues Service not less than one month prior to the convention. That election will remain in force until changed by the member, in writing. Members may also elect to receive an additional tour tokenagain, in advance and in writing. Convention attendees will be given the option of receiving an additional tour token through the N.I.S. while at the convention. Members may request additional tokens if they would like as long as they are available..
LIMITED QUANTITY TOKENS: Tokens received in limited quantity will be sent to the membership in N.I.S. membership number order, to members whose accounts are current at the time of initial shipment
PAYMENT: Payment should be made by money order, check, Zelle or Venmo. PayPal is not accepted for NIS. Checks should be made To Bob Schneider and Not NIS or New Issue Service.
PRICES: Token prices will be the acquisition costs plus 15¢ per token, rounded up to the next five cent increment.
POSTAGE: Actual postage will be charged on all shipments in addition to the total of token prices.
INSURANCE: Private insurance is being furnished on all shipments at a charge of 10¢ per shipment. This cost will be added to each and every shipment. If a shipment is split, because of account balance, the insurance will be added to each half of the split shipment.
Revised: August 5, 2025