Terms of Sale

1. The auction is conducted on behalf and for the account of the owners of the goods and is subject to
Austrian Trade regulations. Bids at the sale, by writing or telephone are taken to imply full acceptance
of the condition of sale.
2. Description: The description of the material and the grading in the catalogue have been executed
with great care. The photographs are part of the description and in case of doubt the text is
authoritative. The prices printed in the catalogue are minimum prices in Euro and bids below cannot
be accepted
3. Auctions procedure: Written bids and special wishes regarding a top limit i.e. the amount to which
you would bid if you were attending the auctions yourself, or either/or bids etc. will be executed in the
buyer's interest, free of charge, but we don't take any responsibility for it. Errors in bidding are the sole
responsibility of the bidder and we strongly suggest mail bidders check the bid sheets carefully.
Orders, when placed by telephone, are accepted only at the senders risk and the intending purchaser
must give notice prior to the auction date. Bidders unknown to us must establish references before the
auction, and deposit 25% of the bids submitted. This deposit will be applied to successful bids, with
overage refunded. Clients have also the possibility to bid on all our auctions live by internet but must
be registered at least 24 hourse before the auction starts. For registration please visit our homepage
www.hdrauch.com both versions offered will bring a good services.
In the event of identical bids, the earliest will take precedence. The auctioneer will normally increase
the bidding in 5-10% jumps. The highest bidder shall be the purchaser at a price which lies 10% above
the penultimate bid. In the event of any dispute during floor bidding, the auctioneer has the right to reopen
the bidding or recall the lot and put it up for sale again. In case of error in the catalogue the
auctioneer will announce the correction and will sell the lot subject to this change, not regarding the
written bids unless the intending purchaser has given notice that he is aware of it. All floor sales are
final.
4. Prices. The hammered-price is according to VAT-regulations the basis for adding the buyer's
premium of 15% and the VAT to each lot. The capital letter left to the lot number indicates the VATrate
for each lot:
B= freed from VAT. Usually prevailing legal currency.
D= the buyer's premium is 20% in which the VAT of 20% on the commission is included.
V= To the hammered price and the buyer's premium of 15% is added a VAT-rate of 20%, payable by
all residents of EU countries.
Lots which are not marked with a letter are subject to the reduced VAT rate of 10%. To the
hammered price and the buyer’s premium of 15% a VAT of 10 %) is added (=hammered price + 15%
buyer's premium plus 10% VAT).
Dealers within the EU, except Austria, receive the goods free of tax upon presentation of their VAT
identification number.
Any buyer exterior to EU pays only a commission of 15% and the costs for delivery and insurance, if
H.D. Rauch exports the goods. Clients who want to export the goods by themselves can ask for export
papers for which the freighter takes € 50,--.
5. Shipment: Shipping is at the expense and risk of the buyer; handling and insurance charges will be
added to invoices (Minimum charges: Europe: € 10,-, Non-European countries: € 15,-). We will
arrange for the packing and dispatch your purchase worldwide. Insurance regulations require that
losses or damage in shipment be reported to us immediately. All fees and taxes due abroad are the
buyer's responsibility. Each bidder whether successful or not will receive within three weeks after the
auction a list with the prices realized.
6. Payment: Sales strictly against cash in Euro. If nothing else is arranged in advance, bidders on the
floor have to pay immediately. All other customers have to pay within 10 days upon receipt of goods or
in case of advance payment, after an invoice is sent. After the period of 10 days has expired 1%
interest are charged per month. Ownership of the lots shall not pass until payment in full of the
purchased price is made. The buyer is responsible for attorney and other judicial fees and expenses
involved in collection of any overdue debt. If the invoice is paid by credit card or paypal please
understand that there is a 3 % surcharge for the use of the credit card. For a small amount (up to
€ 400,--) payment by credit card is more economical than a bank transfer. Otherwise credit our
accounts
Österreichische Volksbanken AG
A-1090 Wien, Peregringasse 3
43000 BIC: VBOE AT WW
IBAN Nr: AT244300040620400008
Konto Nr.40620400008 Euro
Meinl Bank AG
A-1010 Wien, Bauernmarkt 2
19240 BIC: MEINATWW
IBAN Nr. AT381924000000575068
Kontonr.: 575068 Euro
Schelhammer & Schattera A – 1010 Wien,
Goldschmiedg. 6
19190 BIC: BSSW AT WW
IBAN Nr. AT791919000000204040
Kontonr.: 0000204040 Euro
Postbank München
70010080 BIC: PBNKDEFF
IBAN DE10700100800120008800
Konto: 120008800 Euro
Banco Posta Vipiteno (Italy)
IBAN IT73K0760111600000037372372
Kontonr: 37372372 Euro
Swiss Post Bern
9000 BIC: POFICHBE
IBAN Nr. CH5909000000800504679
Kontonr.: 80504679 CHF
Citibank New York
ABA Number: 021000089
SWIFT Code CITIUS33
Account: 4983701112 USD
7. Claims: All coins in this sale are guaranteed genuine and as described. No lots may be returned by
floor buyers except for reasons of authenticity. Complaints by mail bidders will only be considered if
obvious defects, have been overlooked and not described in the catalogue. Customers who collect the
goods personally must take this claims upon receipt, absentee bidders within 8 days upon receiving
the goods. No claims will be accepted after this date. For those clients who make advance payment,
the period of recognizing claims ends five weeks after the auction date. The claimed lot must be in the
same condition as delivered. Coins, medals and decorations graded as "fine" or lesser quality as well
as multiple lots are excluded from warranty. Claims are handled on behalf of the owner or seller i.e.
the person or company who instructed the auctioneer to offer the material for sale. We reserve for us
the right to ask the buyer to turn directly to the owner with his claim. This will always be the case when
the accounts with the seller has been settled.

8. Any and all disputes shall be subject to the exclusive jurisdiction of the Vienna courts, except for
those to recover payment for lots sold hereunder which may be pursued wherever the buyers may be
found.
9. The German version for the conditions of sale is definitive in the event of any disputes