Terms of Sale

Information provided in this catalog or on our web site by The Canadian Numismatic Company is strictly AS IS and/or STRICTLY an opinion.
Bids are per lot. No lots will be broken. Auction sales are not approval sales. All lots shall be sold to the highest bidder as determined by the auctioneer. If any dispute arises during the sale, the auctioneer has the right to reopen the lot and put it up for sale again. The auctioneer’s decision will be final. In the case of identical (tied) bids during our Live Auctions, the earliest received bid shall take priority. In the case of a tie bid during our Sales, between a mail/fax bid and an Internet bid, the Internet bid will take precedence and obtain the lot.
PLEASE CONTACT US IF YOU REQUIRE FURTHER EXPLANATION. No BUY bids or unlimited bids will be accepted. Bids may be made by mail, fax, email, phone or place your bids on our website, either before the sale or by bidding online during the sessions. If you have yet to do so, take a moment to familiarize yourself with our Internet bidding platform program, an improved online bidding experience which allows bidders to watch and participate in the auction in real time through a live feed.
Payment Methods: There are several ways to pay for your auction winnings including: *Checks, cashier’s checks, and money orders (must be made out to “ The Canadian Numismatic Company. “ E-Transfer (In order to receive and deposit your E-transfer payment, a password may be required. If so, please use the following password: auction and send to: tcnc@bellnet.ca. Visa and Master Card accepted. (Please Call in or email your infos) : Ensure you refer to para. 3 prior to making payment. . If you choose the credit card payment, please be advised that the administrative fees are not refundable.
Wire Transfer INCOMING Canadian $ WIRE TRANSFER TD CANADA TRUST 1260 Autoroute Duplessis Quebec, Qc G2G 2B5 Canada Beneficiary Name : The Canadian Numismatic Company. 5220 1st avenue Quebec, Qc G1H 2V2 Canada Banking Information: Institution: 004 Branch No,: 4913-1 Account No,: 5014324 Swift Number: TDOMCATTTOR
INCOMING U.S.A. $ WIRE TRANSFER Banking Information: Institution: 004 Branch No,: 4913-1 Account No,: 7200920 IBAN code: 0260099593 (If required) Swift Number: TDOMCATTTOR.
A Standard Buyer’s premium will be charged to successful bidders in accordance with their method of bidding. This Standard buyer’s premium will be AUTHOMATICALLY discounted by 2,99% for customers who remit payment by cash, cheque, bank draft. wire and E-Transfer. Bidders are responsible for understanding their buyer’s premium prior to bidding.
Online Bidding, including Live & Proxy Bids = Standard Buyer’s Premium of 20,99% will be discounted automatically to 18% for all payments made by cash, cheque, Wire and/or E-Transfer.
Live Floor, Mail, Email and/or Fax bidding = Standard Buyer`s Premium of 17,99% will be discounted automatically to 15% for all payments made by cash, cheque, Wire, E-Transfer.
All successful internet bidders will receive an invoice by e-mail. Prices realized will be published and posted on our website a few days after the sale. Prices realized may be mailed upon request.
2. ALL LOTS MUST BE PAID FOR IN FULL PRIOR TO DELIVERY. Payments must be made in Canadian funds by check, bank wire transfer to OUR account or cash ( cash accepted if less than $10,000). E-Transfer (In order to receive and deposit your E-transfer payment, a password may be required. If so, please use the following password: auction and send to: tcnc@bellnet.ca. We DO NOT accept PAYPAL, sorry. Payment in U.S. funds will be accepted at approximately 2% above spot rate, on the day of the said auction, invoices will be converted accordingly on request. If you choose the credit card payment, please be advised that the administrative fees are not refundable. Bidders who do not have an established business relationship with The Canadian Numismatic Auction Company will be required to provide credit references prior to the sale. For our established customers, your lots are shipped when your check is received. For new customers, your check must clear before shipping lots. If you wish to receive your lots faster, you might consider an E-Transfer, a certified check or you can wire your payment directly to our Bank.
All auction invoices should be received and paid for in full no later than 12 days following the auction date. Invoices not paid in full within 30 days will be liable to a 2% interest fee, charged on a monthly basis. This fee will commence as of the initial invoice date and continue until paid for in full. If the Auctioneer requires use of an attorney for payment resolution, the buyer agrees to pay all attorney fees related to the case.
3. The auctioneer will open the bidding at the higher of approximately 10% above the second highest bid received or the consignor’s reserve. All bids received will be reduced whenever possible. So, don’t be afraid to bid your maximum. If there are no bids received or reserve, the auctioneer will open bidding at the starting bid indicated with the price in RED, bracketed right before the catalog value. Opening Bids; Opening bids are in fact not Reserve bids by default. In some cases consignors will place Reserve Bids up and above the actual opening bid designated by us, this is the amount identified before the estimate prices in red. This is why in some cases the Auctioneer will call lots sold to the book even though the Opening Bid has been met or superseded. In these cases the lots are considered unsold and usually returned to the consignor. The auctioneer reserves the right to withdraw any lot for any reason at any time prior to its sale. In a case of a significant event which, in the judgement of the auctioneer reserves the right to cancel or postpone this sale.
4. Prices are in Canadian funds. Bidding in this auction will be in Canadian funds. Mail bids received from USA customers will be converted at the exchange rates of the sale’s date rate.
5. The estimates listed are taken from the Canadian Coin News, Charlton catalogs, Canadian Dealers News letter and retail prices, e-bay sales, Cornwell report and/ or the actual market selling/ asking prices. Key dates and Highest grade material will generally command a premium and should sell close to and/ or above the estimates. Our estimates are fair and reasonable, please bid accordingly. No lot should sell less than 50% of the low estimates. With a bid of 70% of the highest estimate, you have a fair chance of succeeding, with a bid of 100% of the highest estimate, you will be likely to succeed.
6. The cataloguer has taken every reasonable measure to ensure that all of the lots in this sale are as described and genuine. All raw coins and banknotes have been graded by the cataloger or the auction house which represent our best professional opinion. To grade coins and banknotes, we use Canadian grading standards, 35 years of experience and good conscience. However, grading is a subjective description in the opinion of the cataloger or the auction house. Among experts there are often differences of opinion on the grading and the eye appeal of a coin. The strike and the state of preservation are often debated. The Canadian Numismatic Company acts as an agent between consignors and buyers. The Canadian Numismatic Company does not guarantee that any coin or banknote cataloged will meet the standards, or the grade, of any third party grading companies. No warranty, whether impressed or implied. Items are as is, no warranty given. We cannot accept responsibility and waive all liability resulting in financial losses, and or incidentals accruing from the sale of any items, nor can we guarantee that items graded by third party services will grade the same if submitted to a different grading service or re-submitted to the same company. Returns of certified items will not be accepted.
7. Title to all lots remains with the auction house until paid for in full by the purchaser. But they are held at the risk of the purchaser once the time of the sale.
8. Sales tax, if applicable will be added to the total amount of each invoice including the buyer’s charge. To all lots delivered in Canada, appropriate GST/HST will be charged. To all lots delivered in Quebec PST of 9.975% will be charged. To all lots delivered in USA or overseas, no tax will be charged. The Canadian Numismatic Company is not responsible for the customs clearing, duties or transportation costs related to any package. All costs relating to these issues remain Customer’s sole responsibility. The Canadian Numismatic Company does not provide any letters of guarantee or credit. Should the Customer request delivery of his winnings or should any package be returned to a location outside Canada, taxes and duties, including Value Added Taxes may be applicable, depending on the country of import. The Customer, in agreeing to these Terms and Conditions, acknowledges that any taxes or duties, including VATs, will be the sole responsibility of the Customer and The Canadian Numismatic Company will not be held liable for any fees.
9. Shipping and insurance coverage will be charged to all successful bidders. Insurance coverage will be charged at 0.0040% ($0.40 for $100 purchase). If declined, parcel will be sent at buyer’s risk. All overseas shipments are sent at buyer’s risk.
10. Mail bidders may return incorrectly described lots for full refund within 5 days of receipt, (except on bulk lots or any lot that contains more than 5 items). NO RETURNS can be accepted for ANY REASON after November 20th, 2018 as consignors must be paid. Sorry, no exceptions.
11. The Canadian Numismatic Company acts ONLY as agent for the consignors and makes no independent warranty to title. The Canadian Numismatic Company hereby disclaims all liability for damages, incidental, consequential or otherwise, arising out of or in connection with the sale of any property by The Canadian Numismatic Company to the purchaser. The Canadian Numismatic Company reminds all bidders that grading, attribution, and method of manufacture are crucial to the determination of the value of any numismatic item. IN NO EVENT The Canadian Numismatic Company will be liable to any party for any direct, indirect, special or other consequential damages for any use in this catalog or this website, or on any other linked web sites, including, without limitation of any loss profits, business interruption, loss of programs or other data on your information handling system or otherwise .
12.Please check your bid sheet carefully, we cannot be responsible for the mistakes of others.
This catalogue and web site may contain copyright information, the terms of which must be followed.
Information in this catalogue and/or on our web site may contain technical inaccuracies or typographical errors. Information may be changed or updated without notice. The Canadian Numismatic Company may at any time revise these terms by updating this posting. The Canadian Numismatic Company may also make additions and/or changes in the items and/or the programs described in this information at any time without notice. The Canadian Numismatic Company assumes no responsibility regarding the accuracy of the information.
The above are terms of a legal agreement between you and The Canadian Numismatic Company. By accessing, bidding and using our catalogue and/or web site, you acknowledge that you have read, understood, and agree to abide these terms.