These general conditions, which are also available on the website www.ngsa.ch, are deemed to
be accepted without reserve by all and any person attending the auction sale or taking part to
the auction sale. The general conditions may be amended orally or in writing by Numismatica
Genevensis SA; such amendment would be referred to in the minutes of the auction sale.
The French version of these general conditions shall prevail.
1 Checking the goods and mandatory registration
Potential buyers are required to check the goods put up at auction prior to the sale, notably
during the exhibition preceding the sale.
Any potential buyer must register with Numismatica Genevensis SA (hereinafter referred to as
“NGSA”) prior to the beginning of the auction sale by filing and signing a questionnaire and by
showing his/her identity card or passport. The potential buyer will then receive from NGSA a
personal identification number allowing to bid during the auction. The potential buyer will be
responsible for all damages resulting from any misstatement in the questionnaire.
NGSA will refuse granting the access to the auction sale for potential buyers who will not have
duly filed and signed the registration questionnaire or who will have not provided NGSA with a
valid identity card or passport.
NGSA reserves the right to refuse the access to the auction sale to anybody for due reasons.
2 Representation
Bidders are deemed to act in their own name; they are personally liable to the payment of the
purchase price, of all costs, taxes and commissions in relation with the goods they purchase.
Bidders may however act in the name of a third party, subject to the condition that their powers
are documented through a proxy duly signed by the third party and that the latter has been
identified and accepted by NGSA.
3 Guarantee of NGSA
Descriptions given in this catalogue are given in good faith. The authenticity of coins and
medals is guaranteed for the total purchase price.
4 Bidding
The sales follow the sequence shown in the catalogue. The prices in the catalogue are starting
prices.
Notwithstanding the above, the auctioneer reserves the discretionary right to change the
sequence shown in the catalogue and/or to split or join any goods and/or lots.
The auctioneer also reserves the discretionary right to withdraw any good or lot from the
auction sale, and/or to interrupt the auction sale.
The bid made by a bidder is irrevocable and definitive. It may not be withdrawn.
5 Auctioning
The prices are in Swiss francs.
The higher bid gets the auction. NGSA may accept executing bid orders that will have been
received by NGSA before the auction sale in writing. Where several bid orders have been
received for the same good or lot at the same amount, the first bid order shall prevail.
In case of litigation between two bidders, the auctioneer may cancel the sale for the good or for
the lot concerned and to put it immediately up for auction at the price offered by the above
mentioned bidders, any attendee being entitled to bid again.
Risks and profits will be transferred to bidder upon auctioning. However, title passes to bidder
only when the good or lot purchased is remitted to bidder and when the full payement is settled
by bidder.
6 Payment
Any bidder commits to settle personally the auction price, as well as all and any cost to be borne
by bidder, as well as all taxes due in connection with the auction sale.
In addition to the auction price, bidder will have to remit NGSA a 17.5% commission on the
auction price.
Should the good or lot purchased be delivered within the Swiss territory, a 8% Swiss VAT will
also be due on the auction price and on the commission as far as pieces in silver, brass and any
non-VAT exempt alloy are concerned.
The settlement of auction price, costs, taxes and commission to NGSA is due immediately upon
delivery or prior to the shipment of the good or of the lot concerned, in cash, and in Swiss
francs. The auctioneer may levy a 1% monthly interest on all amount still due after the delivery
of or after the shipment of the good or lot purchased.
Any taxes due abroad, including but not limited to customs duties and taxes are to be fully
borne buy bidder. Bidder must comply with any customs regulations, foreign currency exchange
regulations and any other regulations abroad. NGSA has no responsibility whatsoever for any
damage resulting from the breach of such regulations.
NGSA accepts no responsibility for any damage, including damages resulting from the action
or inaction of employees and contractors.
The donations made to the charities indicated in the catalogue and their allocations are at the
full discretion of the consignors.
7 Governing law and jurisdiction
All disputes and differences will be settled under Swiss laws, not including private international
laws, before the Geneva courts, whatever the country or place of residence of the parties.