The auction is hold on behalf and for the account of the owner of the goods according to Austrian Trade Regulation Acts.
Bidding in the auction – written or oral - constitutes acceptance of the following Terms and requirements of the Auction.
Description: The descriptions and the grading of the material represented in the catalogue have been executed with great
care. The illustrations are part of the description and in case of doubt the text is authoritative. The grading of coins is a
personal judgement but corresponds to the accepted grading scale in the European coin business. The grading from a third
party such as PCGS or NGC cannot be claimed by H.D. Rauch GmbH
Absentee commission bids. The auction sale is conducted in Euros. The most successful bidder has committed
himself personally to the purchases made; he cannot claim to have acted on behalf of a third party. The prices in the
catalogue are minimum prices and bids below these prices cannot be accepted. Written prebids can be sent to us by post,
fax, e-mail or by using the facilities of the online catalogue. Bidders who do not have established credit with Auction House
H. D. Rauch must furnish satisfactory credit information including two satisfactory references or pay a deposit of 25 % of the
bidding sum or valid credit card information. This deposit (VISA, MASTER PAYPAL) will be applied to successful bids the
overage refunded. The bids must be received by us at least by 7 a.m. MEC on the day of the auction.
Bids received in the last two days before the auction cannot be confirmed in writing. To optimize the chance of winning,
absentee bidders can give either/or bids or limit the total bidding sum (exclusive the commission). Bidders are responsible for
errors in bidding, therefore please control that your bids are entered correctly. The bidding increments as a general rule are
5 to 10 % (see the schedule). In case of identical bids, the earliest bid wins. No „unlimited“ or “buy” bids will be accepted.
Two business days before the auction starts to give the auction house a chance to verify the references given.
Telephone bidding: for live telephone bidding during the auction the client has to make preliminary arrangements with the
Auction House at least one business day before the auction starts. The bidder has to give us the lot numbers for which he
wants to bid by phone and a valid telephone number. We take it for granted that the telephone bidder bids at least the
starting price on these lots. The telephone bidding is accepted exclusively on lots with a starting price of more than € 100,--.
The Auction house cannot be made responsible for technical problems or misunderstanding. Prebids given by telephone
must be confirmed in writing (fax or e-mail) to avoid the mistake.
Floor bidding: Any client needs to take a bidding card or paddle on the floor before going in the auction room. Viewing can
be done before and during the auction without problems. As soon as the client closes his biddings he can ask for the invoice
and the coins. The invoice can be paid in cash (if the sum is more then € 10.000 we have to ask according to the law for a
personal document). Bidders, who have the possibilities to inspect the lots prior to the auction, will not be granted any return
privileges, except for reasons of hidden repairs on the coin, mounting or authenticity.
Hammer price: An item will be knocked down after the highest bid has been called out three times. The hammer price will
be executed at one bidding increment over the next highest bid. All auction sales are final. A written bid has priority over an
identical floor bid. On the floor a bidder may request the auctioneer to accept a bid at half of the bidding step (Cut bid); this
can be done only once per lot and this bidder has to resign for further bidding on this lot. The auctioneer reserves the right to
combine or to separate lots; to withdraw lots or put up an item for bidding again in case of error or dispute.
Invoice: The hammer price represents the basis for the buyer’s premium of 15 % and VAT (Value Added Tax). A letter in
front of the lot number marks for the purchaser the applicable VAT rate.
B = zero rated coins. Gold coins issued after 1800 and which were or still are legal tender and investment gold coins.
D = Auctioneer’s Margin Scheme. 22 % are added on the hammer price. VAT and the buyer’s’ premium are included.
E = reduced VAT rate of 10 % for medals and coins in gold of numismatic value and silver coins.
Dealers in EEC countries (other than Austria) will receive goods tax free upon presentation of their valid VAT ID number.
Buyers resident outside the EEC pay a buyer’s premium of 15 % and are not charged VAT if the goods are delivered by us.
Purchasers from abroad who export the goods in person or by a third person, the relevant VAT will be charged but refunded
by presentation of the legal export certificate.
Military Orders and Decorations: are sold with the Margin Scheme: 22% are added on the hammer price.
Payment period: Unless mutually agreed otherwise, payment of the auction bill is due immediately if the buyer is present
on the floor; this is also valid for bidders who have acted on behalf of another client. From purchasers who have submitted
written bids, bidden by phone or live, payment is due within 10 days after receipt of the goods. From new bidders we will ask
payment in advance and we are entitled to ask payment in advance of all clients. The ownership of the goods shall not
pass until full payment of the purchase price Rauch GmbH reserves the right to deem the sale incomplete and to resell the
material and the bidder agrees to pay for the reasonable costs of such a sale;
The client is obliged to pay any difference between the resale price and the previously successful bid.
The payment can also be done by credit card (VISA and MASTER) or Pay pal if the client adds a surcharge of 4 % to the
total sum of the invoice for the handling. US Dollar cheques drawn to an US bank are accepted, not cheques in Euro unless
the clients adds to the sum of the invoice the high bank costs. Ownership of the lots will not pass until payment of the
purchased price is made in full. After the period of 30 days has expired 1 % interests are charged per month. List of our
banks:


Österreichische Volksbanken AG
A-1090 Wien, Peregringasse 3
43000 BIC: VBOEATWW
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
Shipment: All shipping charges will be borne by the buyer of the goods. Instructions for shipping must be given in time. We
ship the goods according e postal regulations or by special service if wanted by the client or necessary for the insurance. The
minimum costs are: Domestic: € 6,--; Europe: € 10,--; overseas: € 20,--. Any shipment is insured. Insurance regulations require
that losses or damage in shipment be reported immediately and that some evidence (photo, damaged envelops) are sent. If the
client does not receive the shipment in time or it is damaged the buyer has to inform us upon receipt because investigations are
only accepted by the post for shipments three months old. The buyer or recipient is liable for the costs of shipment which are
returned by post because of the carelessness of the buyer or recipient.
Complaints and authenticity. First of all please be aware that an auction sale is not an approval sale. All coins in this sale
are guaranteed genuine and as described. There is no limit of time to claim the genuineness of coins sold in our auctions. The
authenticity of the coins and medals is warranted up to the total purchase price. All other claims which are due to an error in
description (like plugging of a hole, traces of mounting etc.) must be made within 10 days after receiving the auction material: If
bidders who have to pay in advance fail to settle the sum due within 20 days the time for claims because of errors in description
has run out. Coins and medals graded as fine or lesser as well as multiple lots are excluded from warranty. Lots also cannot be
claimed. Coins and currencies graded by PGCS, NGC and other third party grading service may not be returned for any reason
whatsoever by any buyer, except for claims related to authenticity. 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 account with the seller has been settled. Return payments for
shipment which got lost will be settled as soon as postal inquiries have confirmed the loss.
Any and all disputes should be subjected to the exclusive jurisdiction of Vienna courts, except for those to recover payment for
lots sold hereunder which may be pursued wherever the buyers may be found. Only the German text has legal force.