Why Does My Conveyance Say Ten Dollars Instead of the Sale Price?

Royalty and mineral interests are a form of real estate.  There are two ways to transfer real estate from one party to another, by gift or by sale.  In order for a sale to be valid, something of value must be exchanged for the property.  This is something of value is known as consideration, and in our case is whatever it is we are paying you for the property.

The first paragraph of our Conveyance states:  "in consideration of the sum of Ten and more dollars ($10.00) cash in hand paid and other good and valuable consideration."

These conveyances are recorded in the Courthouse of the County in which the interest is located, thereby placing it of public record.  Anybody can see the document.  It is not anybody's business what you received when you sold your propperty and thus we use the above "consideration" language in order to state that something of value was exchanged and thus this is a valid transaction.

What it really means is that we are paying you the price to which we agreed.