AUCTION TERMS T h i s is a mail bid a u c t i o n c o n d u c t e d b y C l a s s i c a l N u m i s m a t i c G r o u p , I n c . ( C N G ) . B i d d i n g in the auction c o n s t i t u t e s a c c e p t a n c e of the f o l l o w i n g terms:
7. A w o r d o n R e s e r v e s . C N G r e s e r v e s t h e r i g h t to p l a c e a r e s e r v e on a n y l o t . H o w e v e r , n o r e s e r v e w i l l b e h i g h e r than t h e e s t i m a t e , and o r d i n a r i l y l o t s are r e s e r v e d at 6 0 % o f e s t i m a t e .
1. T h e p r o p e r t y l i s t e d in t h i s c a t a l o g u e is o f f e r e d f o r s a l e b y C N G f o r i t s e l f and a s a g e n t f o r v a r i o u s o w n e r s and o t h e r c o n s i g n o r s . W e r e s e r v e t h e r i g h t to r e j e c t a n y b i d , t o d e t e r m i n e t h e o p e n i n g p r i c e , to s e t b i d d i n g inc r e m e n t s , to v a r y t h e o r d e r o f t h e a u c t i o n , to r e o p e n bidd i n g in the c a s e o f a d i s p u t e , to w i t h d r a w a n y lot, to bid on b e h a l f o f C N G , to bid o n b e h a l f o f t h e c o n s i g n o r , and to p e r m i t t h e c o n s i g n o r to b i d o n h i s o w n l o t s . 2. A l l l o t s are s u b j e c t to a 1 0 % B u y e r ' s w i l l b e a d d e d to t h e h a m m e r p r i c e .
8. Bidders p e r s o n a l l y guarantee p a y m e n t for their successful bids, including bidders executing commiss i o n b i d s f r o m o t h e r p a r t i e s and b i d d e r s r e p r e s e n t i n g c o r p o r a t i o n s or o t h e r e n t i t i e s . B u y e r s a c c e p t i n g c o m m i s s i o n b i d s f r o m o t h e r p a r t i e s d o s o at t h e i r o w n risk and r e m a i n r e s p o n s i b l e to C N G f o r f u l l s e t t l e m e n t u n d e r t h e s e Auction Terms. 9. In t h e e v e n t a s u c c e s s f u l b i d d e r f a i l s to m a k e a n y p a y m e n t w h e n d u e , C N G r e s e r v e s t h e r i g h t to r e s e l l t h e m a t e r i a l , and t h e b i d d e r a g r e e s to p a y f o r t h e r e a s o n a b l e c o s t o f s u c h a s a l e and a l s o to p a y a n y d i f f e r e n c e b e t w e e n the resale price and the p r e v i o u s l y s u c c e s s f u l bid. C N G a l s o r e s e r v e s all r i g h t s that it w o u l d b e e n t i t l e d to u n d e r the P e n n s y l v a n i a U n i f o r m C o m m e r c i a l C o d e , i n c l u d i n g the r i g h t to o f f s e t a n y s u m s d u e f r o m a s u c c e s s f u l b i d d e r a g a i n s t a n y f u t u r e c o n s i g n m e n t or p u r c h a s e or m o n i e s or g o o d s in p o s s e s s i o n o f C N G .
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3. A l l c o i n s are g u a r a n t e e d g e n u i n e . A t t r i b u t i o n , d a t e , c o n d i t i o n a n d o t h e r d e s c r i p t i o n s are t h e o p i n i o n o f t h e c a t a l o g u e r , and n o w a r r a n t y i s e x p r e s s e d or imp l i e d . P l e a s e n o t e t h a t an a u c t i o n s a l e is not an a p p r o v a l s a l e . L o t s e x a m i n e d p r i o r to t h e s a l e a n d l o t s p u r c h a s e d by f l o o r b i d d e r s ( i n c l u d i n g b i d d e r s exec u t i n g c o m m i s s i o n bids on b e h a l f o f o t h e r p a r t i e s ) may not be r e t u r n e d f o r a n y r e a s o n e x c e p t lack of a u t h e n t i c i t y . A l l c l a i m s o f m i s d e s c r i p t i o n a n d a l l c l a i m s o f r e t u r n , except c l a i m s r e g a r d i n g a u t h e n t i c i t y , must be m a d e w i t h i n 5 d a y s o f r e c e i p t o f m a t e r i a l . A n y c l a i m o f l a c k o f aut h c n t i c i t y m u s t b e m a d e in w r i t i n g b y t h e o r i g i n a l purc h a s e r i m m e d i a t e l y a f t e r d i s c o v e r y that an i t e m is n o t a u t h e n t i c , and u p o n m a k i n g such a c l a i m the o r i g i n a l p u r c h a s e r m u s t i m m e d i a t e l y r e t u r n t h e l o t to C N G in t h e s a m e c o n d i t i o n a s at t h e t i m e o f t h e a u c t i o n . E s t i m a t e s are i n t e n d e d a s a g u i d e o n l y a n d n o t as a s t a t e m e n t o f opinion of value.
1 0. S a l e s t a x , p o s t a g e , h a n d l i n g a n d i n s u r a n c e are t h e r e s p o n s i b i l i t y o f t h e b u y e r a n d are a d d e d t o all i n v o i c e s w h e r e a p p r o p r i a t e . P o s t a g e , h a n d l i n g and i n s u r a n c e f o r b o o k l o t s w i l l b e i n v o i c e d s e p a r a t e l y f r o m c o i n l o t s . On a n y tax n o t p a i d by t h e p u r c h a s e r w h i c h s h o u l d h a v e b e e n p a i d , e v e n if n o t i n v o i c e d b y C N G , t h e p u r c h a s e r a g r e e s to p a y t h e s a m e o n d e m a n d t o g e t h e r w i t h a n y int e r e s t or p e n a l t y that m a y b e a s s e s s e d . It i s t h e r e s p o n s i b i l i t y o f the b u y e r to c o m p l y w i t h f o r e i g n c u s t o m s and other regulations. 1 1. P r i c e s R e a l i s e d are p u b l i s h e d a f t e r t h e s a l e a n d are m a i l e d w i t h C N G ' s n e x t p u b l i c a t i o n .
4. T e r m s are f o r c a s h , w i t h i n v o i c e s b e i n g d u e a n d p a y a b l e i m m e d i a t e l y u p o n r e c e i p t . I n t e r e s t and c o l l e c t i o n c h a r g e s o f 2 . 0 % per m o n t h , f r o m t h e d a t e o f t h e a u c t i o n , shall be p a y a b l e on i n v o i c e s not settled within 30 days of the s a l e date. P a y m e n t b y c h e c k m u s t be m a d e in e i t h e r U S d o l l a r s ( $ ) d r a w n o n a U S b a n k or B r i t i s h s t e r l i n g ( ÂŁ ) drawn on a B r i t i s h bank. All s u c c e s s f u l bidders o u t s i d e N o r t h A m e r i c a and t h e U n i t e d K i n g d o m w i l l b e i n v o i c e d an a d d i t i o n a l $ 1 5 f e e f o r b a n k c h a r g e s , but b u y e r s m a y d e d u c t t h i s f e e if p a y m e n t is m a d e as r e q u i r e d a b o v e . P a y m e n t m a y b e m a d e b y V i s a , M a s t e r c a r d ( A c c e s s ) or A m e r i c a n E x p r e s s ; h o w e v e r , a 3.5% surcharge is made for p a y m e n t by credit card.
12. B i d d e r s c o n s e n t to w a i v e a n y c l a i m f o r i n c i d e n t a l , c o n s e q u e n t i a l or e x e m p l a r y d a m a g e s a r i s i n g f r o m t h i s a u c t i o n . T h e s o l e r e m e d y that a n y p a r t i c i p a n t in t h e a u c t i o n shall h a v e for a n y c l a i m or c o n t r o v e r s y a r i s i n g out o f t h e a u c t i o n s h a l l b e a r e f u n d , w i t h o u t i n t e r e s t , o f all or part o f t h e p u r c h a s e p r i c e p a i d b y t h e p a r t i c i p a n t . 1 3. A l l r i g h t s g r a n t e d by C N G or o t h e r w i s e a v a i l a b l e to b i d d e r s a n d p u r c h a s e r s , u n d e r t h e s e A u c t i o n T e r m s or o t h e r w i s e , are p e r s o n a l and m a y n o t be a s s i g n e d or transf e r r e d to a n y o t h e r p e r s o n or e n t i t y , w h e t h e r by o p e r a t i o n o f l a w or o t h e r w i s e . N o t h i r d p a r t y m a y r e l y o n a n y bene f i t or r i g h t c o n f e r r e d b y t h e s e A u c t i o n T e r m s . B i d d e r s a c t i n g as a g e n t s m u s t d i s c l o s e t h e a g e n c y in w r i t i n g t o C N G p r i o r to t h e a u c t i o n ; o t h e r w i s e r i g h t s are l i m i t e d to the a g e n t and are not t r a n s f e r a b l e to the u n d i s c l o s e d principal.
5 . B i d d e r s n o t k n o w n to u s m u s t p r o v i d e u s w i t h sati s f a c t o r y c r e d i t r e f e r e n c e s or p a y a d e p o s i t as d e t e r m i n e d at C N G ' s d i s c r e t i o n b e f o r e b i d d i n g . M i n o r s are not p e r m i t t e d to bid w i t h o u t w r i t t e n c o n s e n t o f a parent guara n t e e i n g p a y m e n t . C N G m a y r e q u i r e p a y m e n t in f u l l f r o m any b i d d e r prior to d e l i v e r y o f l o t s . T i t l e d o e s not p a s s until l o t s are p a i d in f u l l . U p o n r e c e i p t o f l o t s , t h e b u y e r a s s u m e s f u l l r e s p o n s i b i l i t y f o r l o s s or d a m a g e .
14. A n y d i s p u t e r e g a r d i n g this a u c t i o n s h a l l be gove r n e d by the l a w s of P e n n s y l v a n i a and s h a l l be adjudic a t e d o n l y by the L a n c a s t e r C o u n t y Court of C o m m o n P l e a s or the U . S . D i s t r i c t C o u r t f o r the E a s t e r n D i s t r i c t o f P e n n s y l v a n i a , a n d all b i d d e r s s u b m i t t h e m s e l v e s t o t h e personal j u r i s d i c t i o n of these courts for this purpose b a s e d o n s e r v i c e b y r e g i s t e r e d or c e r t i f i e d m a i l . In a n y dispute regarding this a u c t i o n , the p r e v a i l i n g party shall b e e n t i t l e d to r e c o v e r i t s r e a s o n a b l e c o s t s a n d a t t o r n e y fees.
6. E s t i m a t e s are in U . S . d o l l a r s ( $ U S ) and b i d s m u s t b e i n e v e n d o l l a r ( $ ) a m o u n t s . CNG will e x e c u t e mail bids on b e h a l f of mail bidders. Subject to r e s e r v e s a n d o p e n i n g p r i c e s , m a i l b i d s w i l l b e e x e c u t e d at o n e b i d d i n g i n c r e m e n t ( a p p r o x i m a t e l y 1 0 % ) o v e r t h e n e x t h i g h e s t b i d . P l e a s e n o t e that b i d s b e l o w est i m a t e are r a r e l y r e d u c e d , but b i d s a b o v e e s t i m a t e s t a n d a g o o d c h a n c e o f b e i n g r e d u c e d . In the c a s e o f i d e n t i c a l bids, the e a r l i e s t bid w i n s . A mail bid has priority o v e r an i d e n t i c a l f l o o r b i d . B i d b y l o t n u m b e r . N o l o t s w i l l b e b r o k e n . B i d d e r s are r e s p o n s i b l e f o r e r r o r s in b i d d i n g . C h e c k your bid s h e e t c a r e f u l l y .
15. In t h e e v e n t o f a d i s p u t e , t h e E n g l i s h v e r s i o n o f t h e s e A u c t i o n T e r m s shall be d e f i n i t i v e . Bid S h e e t s m u s t September GOOD 3
be r e c e i v e d 18, 1 9 9 6 . LUCK!
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