Terms of Sale

1. Lots will open at 80% of the estimates stated in the catalogue. No bids
under this limit will be accepted.
2. Goods subject to sale in the margin: the hammer price is the basis for the
calculation of the buyer´s premium. Buyers from Germany and EUcountries
will be charged a premium of 23%; the relevant VAT is already
included in this amount. Buyers from countries outside the EU will be
charged a premium of 17,5%. As far as these buyers export the goods in
person or by a third party the relevant VAT will be charged but refunded
after receiving the legal proof of exportation. In case that we export the
goods the relevant VAT will not be charged. Bidders are responsible for
respecting customs laws of the countries of destination of the lots.
3. Goods subject to tax in full or to temporary admission: in exceptional
cases the lots are subject to taxation in full (marked with +) or to
temporary admission (marked with •); these lot numbers will be indicated
as such. For details regarding buyer´s premium and taxes please see the
conditions of sale at the end of the catalogue.
4. Bidders can submit written bids with the enclosed bid sheet. If you are
bidding in our auction sale for the first time, please give us the name of
another dealer that knows you well as a reference.
5. Changes made after the printing of the catalogue are reflected in our
online-catalogue on our website at www.gmcoinart.de/online_catalogue.
6. Payment may be made in cash, by valid check, bank/post wire or credit
card (VISA, American Express, MasterCard). For payment by credit card
a fee of 3.5% will be added. Bank charges of 15 € (50 € for amounts of
25.000 € or more) will occur in case of payment by foreign check or bank
wire.
7. The best way to take part in our auctions is to attend in person. Up to the
time of sale and even between the sessions you will be able to view the
lots at your leisure.
8. The lots are sold as viewed. Returns are not permitted. Also for this
reason your personal attendance at our auction is recommended.
9. For the shipment of the coins a charge for postage, insurance and packing
will be added. For bigger shipments the charge will increase accordingly.
10. Any loss by mail is covered by our own insurance.
11. A subscription for four catalogues costs 45 €. Would you like to
subscribe to our catalogues please credit the appropriate amount to our
Postbank account. The price for a single catalogue is 15 €.
12. The conditions of sale at the end of the catalogue will be used as
guidelines in case of dispute