GENERAL CONDITIONS OF SALE

Participation in the auction implies unconditional acceptance of these present conditions of sale:

Article 1: The sale is executed strictly for cash in Euro. Nevertheless, in order to make possible a rapid execution of the sale, a coupon will be established for each purchaser.

These coupons are payable at the end of each day’s sale. The buyer of any lot shall provide bank references or pay the full purchase price, or a fractional deposit as may be determined at the discretion of the auctioneer. BIDDERS UNKNOWN TO US MUST DEPOSIT A BANK GUARANTEE AT LEAST 48 HOURS BEFORE THE AUCTION!

Article 2: The adjudication is awarded to the person who made the highest offer. Any litigation cancels the adjudication and the lot will immediately be put up again up of for sale.

Article 3: As viewing of the lots allows a potential buyer to ascertain condition and authenticity, no claims will be accepted after the sale. For all lots with mention “Please inspect” viewing is imperative, no claims of any kind will be accepted after the sale!

Article 4: The purchaser will pay a buyer’s premium of 27% in which the VAT of 20% on the commission is included.

Article 5: For any delay in payment of the total amount of the purchase prices, the auction house will charge interest at 5% per month. PAYMENT IS DUE 7 DAYS AFTER THE DATE OF THE AUCTION!

Article 6: All the information and descriptions appearing in the catalogue are given with full knowledge and conscience. No claims will be accepted after the sale.

Article 7: Every purchaser is responsible for the purchase effected in his name. He cannot contend that he had acted for the account of a third party.

Article 8: The prices indicated in the catalogue constitute THE STARTING PRICES IN EURO. It can happen that the prices obtained may be much higher than these prices.

Article 9: Higher bids must be spoken aloud or made by signs expressing unequivocally the wishes of the bidder. The legal bailiff reserves to himself the right to refuse offers coming from unknown purchasers.

Article 10: The amount of the bid increases is usually fi xed at 10%. However, the legal bailiff may modify those percentages subject to prior announcement.

Article 11: The purchase orders will be executed by the legal bailiff with care and no additional cost. They must be confi rmed in writing.

Article 12: The profits and the risks pass to the purchaser immediately upon the adjudication. The transfer to the purchaser of the ownership of the merchandise will, however, not be effected until the purchase price has been paid in full. Credit cards will be debited in 24 hours.

Article 13: Postage, handling and insurance are all the responsibility of the buyer, including any customs charges that may be incurred on material sent overseas. Foreign buyers are solely responsible for complying with all customs regulations. Handling costs of 15 euros per invoice will be added to all shipped items.

Article 14: In the event of any contradiction between the several translations of the conditions of sale, the English text alone shall be applied.

Article 15: Any litigation arising out of the interpretation or execution of the present conditions of sale shall be submitted by British law and jurisdictions, under reservation of recourse to the British Tribunal, whatever is the domicile of the purchasers.

NO ITEMS WILL BE DELIVERED BEFORE FULL PAYMENT! NO DISCOUNTS ON BUYER’S PREMIUM FOR DEALERS!

BIDDERS WHO WANT TO TAKE PART AT THE AUCTION BY TELEPHONE WILL HAVE TO PAY A 2% EXTRA FEE ON COMMISSION.

Grading

UNC - I uncirculated, excellent condition

XF - II extremely fine condition

VF - III very fine condition

F - IV fine, worn and poor condition

VG - V bad condition

a about

1. The pictures are not to scale.

2. Shipping is at the expense and risk of the buyer; handling charges are 15 Euros per shipping,

NO insurance is included. We ship per Fedex. Shipping is full responsability of the buyer. If you request insurance at extra charge, please contact us BEFORE shipping!

3. As viewing of the lots allows a potential buyer to ascertain condition and authenticity, no claims will be accepted after the sale.

4. Please note the terms „Quality“ and „Condition“ used in describing lots have different meanings! „Quality“ indicates the level of the precision and beauty of the

object when produced. „Preservation/condition“ indicates the grade of intactness when described.

5. Some pieces show marks of refl ected light in the enamel which could be considered as slight damages. If these damages of the lots are not mentioned, the objects are faultless.

6. (-) minus and (+) plus allow an accurate description of the condition.

7. If the terms AU (gold) and AR (silver) are not mentioned, it means that the pieces are not in precious metals.

Auctions

Auction 67 - Coins and Medals

Auction 68 - The Western Powers