Auctioneer and Auction:

All sales undertaken by us either at auction or privately are undertaken either as agent on behalf of the Seller or as principal if we are the owner of the Lot.

Catalogue description & Estimates:

The authenticity of the coins is unconditionally guaranteed, without a time limit. All identifications of the items sold in this catalogue are statements of opinion and made in good faith. The description is made by experts and NAC guarantees authenticity.

Should occur against our better knowledge that an item is a forgery, the payment will be returned to the client, but the client cannot ask for compensation.

Should for any reason the product purchased not conform to the description made by our experts, or should the quality of the goods not be as described, the client has the right to return this item within seven days of receipt of the goods, explaining to us the reason for his claim. The client may request the return of his money or leave it a credit for new purchases. If the client is at fault and we are prepared for the client to return the item, he will be issued with a credit note. For return shipment, the client is obliged to tell us the shipping date beforehand so that the shipment can be insured.

Estimates are in Euros and are intended as a starting price and not as a statement of opinion of value.

Registration

Bidding is only open to those who have registered on www.nacauctions.com, and have been authorized to bid by NAC staff. Bidding is permitted only to parties who can lawfully enter into a contractual agreement and lawfully participate in the auction under applicable laws.

To register on www.nacauctions.com implies the acceptance of these terms and conditions.

Any Bidder who is not a client in good standing of the Auctioneer may be disqualified at Auctioneer’s sole option and will not be awarded lots. Such determination may be made by Auctioneer in its sole and unlimited discretion, at any time prior to, during, or even after the close of the Auction. Auctioneer reserves the right to exclude any person from the auction.

If an entity places a bid, then the person executing the bid on behalf of the entity agrees to personally guarantee payment for any successful bid.

Credit:

Bidders who have not established credit with the Auctioneer must either furnish satisfactory credit information (including at least one numismatic reference) well in advance of the Auction or supply valid credit card information.

Credit may be granted at the of Auctioneer’s discretion.

Bidding

We will not be held responsible for errors or failures to execute bids placed on the internet.

Auctioneer’s discretion

The auctioneer has the right at his absolute discretion to refuse any bid or decide to withdraw or divide any lot, to combine any two or more lots and, in the case of error or dispute, to put an item up for bidding again.

Bid increments

Successful bidders:

The system will automatically notify you by e-mail if you are successful on a bid.

We are unable to notify successful bidders by telephone. While invoices are sent out by e-mail after the auction, we do not accept responsibility for notifying you of the result of your bid.

Payment

Payment should be made in Euros (Pounds Sterling, Swiss Franc and US Dollar payments can be arranged over the telephone), no later than 14 days from receiving the e-mail statement, by one of the following methods:

(i) Direct bank transfer to:

NAC Numismatics Limited

With: Coutts & Co

440, Strand

London

WC2R 0QS

IBAN: COUT 1800 9110 1906 43

BIC: COUTGB22


Sort Code: 18-00-02

A/C no: 10190643

All bank charges shall be met by the buyer.

Please ensure that your client number is noted on the transfer.

(ii) By cheque or bank draft made payable to NAC Numismatics Limited and sent to:

NAC Numismatics Limited

3rd Floor, Genavco house

17, Waterloo Place

London

SW1Y 4AR

UK

Please note that the processing charges for payments made by cheques or bankers drafts drawn by a non-U.K. bank shall be met by you.

(iii) By debit card. We accept Maestro, Solo, Visa electron and Mastercard debit. Please note that all debit card payments will be deducted in Pounds Sterling at the current Bloomberg benchmark exchange rate when the payment is processed.

Debit card payment may be arranged by phone, fax or mail.

(iv) By credit card. We accept payments with Mastercard, American Express and Visa. Please note that an additional service fee of 3% will be added. The total amount will be deducted in Pounds Sterling at the current Bloomberg benchmark exchange rate when the payment is processed.

Credit card payment may be arranged by phone, fax or mail.

Late / non payment

Should you fail to make payment within fourteen days of your stipulated payment date set out in your invoice, we shall be entitled to charge interest at the rate of 2% per month compound interest, calculated on a daily basis, from the date the full amount is due; to be offset against any amounts which the NAC may owe you in any other transaction.

If you fail to make payment within thirty-five days, we shall in addition be entitled to cancel the sale of the lot or any other item sold to you at the same or any other auction; to arrange a resale of the lot, publicly or privately, and, if this results in a lower price being obtained, claim the balance from you together with the 10% seller’s commission, expenses, damages, legal fees, commissions and premiums of whatever kind associated with both sales or otherwise, incurred in connection with your failure to make payment; or take any other appropriate action as we deem fit.

Buyer’s Premium

On bids placed through the Auctioneer, a Buyer’s Premium of ten percent (10%) will be added to the successful hammer price.

VAT

European customers will always be charged 15% VAT on the buyers premium.

Non-EU customers will NOT be charged VAT.

Shipping & Handling Charges

Shipment will be made upon receipt of payment. Should you not receive our goods within 30 days, please notify us by e-mail or fax so that we can make the necessary postal investigations. The coins will be dispatched by registered and insured mail. Upon request and at an additional cost the items can be shipped with FedEx.

The purchaser is responsible for any duties or taxes outside of the United Kingdom and is advised to acquaint himself with the formalities.

The risks of dispatch are covered by our insurance. The all-inclusive dispatch costs are outlined in the table below:

* Items exceeding 1kg will be quoted separately