TERMS AND CONDITIONS OF SALE
IMPORTANT: All bidders should send completed bid sheets to the address
below. Alternative methods of bidding are:
By Telephone – 1-925-946-0150; By Fax – 1-925-930-7710
1. CONDUCT OF THE AUCTION: VIEWING OF LOTS
The public auction will be conducted at the Hilton Toronto Airport Hotel,
Toronto, Ontario, Canada. Auction sessions will be held in Vista Room ‘B’
at 5:30 p.m., June24, 2010 (Thursday), at 5:30 p.m., June 25, 2010
(Friday), and 5:30 p.m., and 5:30 p.m., June 26, 2010 (Saturday), Auction
lots will be available for general viewing from 10:00 a.m. to 6:00 p.m.,
Wednesday, June 23; 10:00a.m. to 5:00 p.m. on Thursday, June 24; from
10:00 a.m. to 5:00 p.m. on Friday, June 25, and from 10:00 a.m. to 5:00 p.m.
on Saturday, June 26, 2010 at TOREX in Vista Room ‘A’ of the hotel.
2. HOW TO BID
Bids may be made in person at the auction, by mail, fax or by telephone.
Lots will be sold to the highest bidder. Bids are treated as limits. Mail and
Telephone bids must reach the auction firm by 5:00 p.m. on Wednesday
June 23, 2010. Answering machine service is available to take bids
(24 Hours) at 1-925-946-0150. You may bid live and view our online catalogue
on our website or on iCollector at www.iCollector.com.
2A. SUGGESTED BIDDING INCREMENTS
$0-99 $5 $8K-17,999 $500
$100-299 $10 $18K-49,999 $1000
$300-499 $20 $50K-99,999 $2500
$500-999 $25 $100K-249K $5000
$1K-1,999 $50 $250K-499,999 $10K
$2K-3,999 $100 $500K + $25K
3. IDENTICAL BIDS
If there are identical bids, the earliest received shall take priority. If there
are identical Floor and internet bids, the floor bids shall take priority.
4. BUYER’S PREMIUM
A BUYER’S PREMIUM of 15% (Fifteen Per Cent) will be charged to successful
Floor bidders, mail bidders and phone bidders. An 18% BUYERS PREMIUM will be
charged to all icollector purchases.
5. BIDDING ADVANCES
If there are two or more mail bids, the auctioneer will commence the
bidding at approximately 10 per cent above the second highest mail bid.
If there are no floor bids for the lot, the highest mail bidder will receive
the lot at the opening bid. If there is no mail bid for a lot, the auctioneer
will commence the bidding at 50% of the estimate. If there is no floor
bid at 50% of the estimate, the auctioneer may, at his absolute discretion,
either call for an opening bid from the floor or pass on to the next lot.
6. Advances in bidding are determined by the auctioneer who has the right
to refuse bids deemed not made in good faith. The highest bidder
acknowledged by the auctioneer shall be the buyer. In the event of any
dispute between bidders, the determination of the auctioneer is final.
7. RESERVED LOTS
Reserved lots start at the consignor’s reserve. Lots bid on and purchased
by the owner or his agent are subject to the full commission and buyer’s
8. MEANING OF ESTIMATES
Estimates represent our best professional opinion for what lots are likely
to sell for on the open market. Most lots sell for between 40% and 150%
of estimate. With a bid of 60% of estimate you have a fair chance of
succeeding; with a bid of 120% you will be very likely to succeed.
Estimates are for the most part from the ‘Trends’ values of Canadian
Coin News, various Charlton Catalogues, and the retail prices from the Canadian
Coin Dealer Newsletter, and other reliable sources.
9. UNLIMITED AND BUY BIDS, BIDS FROM MINORS
No ‘Buy’ or ‘Unlimited’ bids or bids from minors will be accepted.
10. CURRENCIES, EXCHANGE RATES, BIDS, FROM OUTSIDE CANADA
Floor bidding and the calculation of the results of this auction, will be
carried out in CANADIAN DOLLARS. Bids expressed in other currencies
will be converted to the operating currency at the applicable rate. Bids
from customers with U.S. addresses, sent by mail or telephone will be
presumed to be in U.S. funds unless indication is made to the contrary.
11. RETURN POLICIES
Mail bidders may return incorrectly described or misattributed lots for
full credit within 5 days of receipt, except that as consignors must be
paid, late remittance may be cause to negate return privileges, and
absolutely no returns can be accepted for any reason after the expiry of
35 days from the date of the sale. ALL FLOOR SALES ARE FINAL, and no
returns will be accepted from floor bidders (including those acting as
agents for others) for any reason whatsoever.
12. TITLE AND RISK LOTS
Title to all lots remain with the auctioneer until paid in full, but they
Are held at the risk of the purchaser once the hammer has fallen.
Grading is a subjective description in the opinion of the cataloguer as
to the state of preservation, method of strike, and overall appearance of
a particular coin. Adjectival descriptions and terminology (which can and
does vary among experts and knowledgeable purchasers), when used in
the catalogue is strictly the opinion of the cataloguer. Where Moore’s
sells a numismatic item graded and/or encapsulated by a grading service,
Buyer acknowledges and agrees that other grading services, Moore’s or
Knowledgeable purchasers might reach a different conclusion as to the
state of preservation. Any such information provided by Moore’s is the
opinion of the third party, Without Recourse against Moore’s in any way
12B. Moore’s acts as an agent only between Consignor and Buyer. Moore’s
does not represent that any coin catalogued will meet the standards, or
the grade, of any third party or third party grading service; that third
party graded numismatic items will receive the same grade if
resubmitted; that any third party soft flip is secure or that a numismatic
item has a particular provenance. Moore’s hereby disclaims all liability for
damages, incidental, consequential or otherwise, arising out of or in
connection with the sale of any property by Moore’s to the purchaser. All
bidders, even if unsuccessful purchasers, agree to abide by this condition,
and all other conditions of sale.
13. ERRORS OF AUCTIONEERS AND BIDDERS
While we cheerfully correct our errors, we cannot be responsible for the
mistakes of others. Please check your bid sheet carefully. Please note that
Live Bids are executed LIVE on the floor. Moore’s is not responsible for any
missed lots due to network speed or down time.
14. METHODS OF PAYMENT
All lots must be paid for in full in Canadian funds or the equivalent. Terms
are strictly cash or approved cherub/check. Credit card payments are not
accepted. 2% per month interest charged after 30 days on unpaid
15. RETAIL SALES TAX
Lots delivered in Ontario are subject to retail sales tax at the current rate
(8%), unless an exemption certificate has been filed with us before the
16. GOVERNMENT SALES TAX
All lots delivered in Canada except the provinces of New Brunswick,
Newfoundland and Nova Scotia, are subject to the Goods and Services
Tax, (G.S.T.) of 5%. Lots delivered in New Brunswick, Newfoundland and
Nova Scotia are subject to the Harmonized Sales Tax, (H.S.T.) of 13%. All
sales are treated as retail sales by the auctioneer for the purpose of
calculating the appropriate taxes.
17. SHIPPING AND INSURANCE
Unless otherwise instructed, lots purchased by postal bidders will be sent
by registered mail to the successful purchaser. Registration and actual postage
will be charged on all lots shipped by Moore’s. There will also be a $3.00 charge
per lot for the packing and processing of numismatic books and literature.
Lots mailed to addresses not in the United States or Canada will be sent only at the
risk of the purchaser.
18. EFFECTS OF BIDDING
Bidding in this auction constitutes acceptance of the foregoing terms of
19. RATE OF SALE
Lots will be sold at a rate of approximately 200 lots per hour.
20. PRICES REALIZED
Prices Realized will be published for the Public Auction sale. Prices
realized may, at the discretion of the auctioneer, be published in a future
21. ACTS OF GODD, etc: EFFECT ON SCHEDULING OF AUCTION
The Auctioneer reserves the right to postpone this sale by auction of the
property for a reasonable period of time as a result of any act of war,
natural calamity or significant relevant event which, in the judgment of
the Auctioneer, reasonably exercised, makes it inadvisable to hold the
Auction as scheduled.