The following terms and conditions are accepted by all persons participating in the auction:
 
1. Auction bidding is conducted in Euro. The highest bidder who has been acknowledged by the auctioneer when the hammer falls after the third call, has legally bought the lot (for e-auctions there will be a virtual auctioneer). Bidding begins at base price, provided no higher offers have been submitted. Written bids have priority.
 
2. Absentee bidders can send bids electronically until the start of the sale. Bidders wishing to send a written bid by email, fax or participate by telephone must send their bids no later than 24 hours before the start of the auction. All bids are final and binding.
 
3. Bidders must show proof of identification before the auction, and subsequently register. The Auction House may require a bank reference and/or guarantee. The Auction House reserves the right to deny a person from participating in the auction.
 
4. A commission of 17.5% will be levied on the hammer price - bidders using our Live Internet facilities pay an additional charge of 1%. The Portuguese value added tax (VAT) of 23% is payable on the ommission, for EU residents.

5. Payment in Euro is due immediately upon adjudication of the lot and has to be paid with the release of the object to the Buyer, unless otherwise agreed before the sale. The ownership of a lot will not pass to the Buyer until PORTUSCALLE NUMISMATICA has received full payment on their account.
 
6. Shipping and insurance are at the buyer’s cost and risk. Any fees and charges payable abroad are borne by the buyer (successful bidder) who is responsible for acquiring the necessary information on any applicable customs and foreign exchange regulations. The Auction House accepts no liability for any contraventions of such regulations.
 
7. All identifications and descriptions of the items sold in this catalogue are statements of opinion and were made in good faith. Should an item sold later be found to be a fake, PORTUSCALLE NUMISMATICA shall cancel the sale made on behalf of the consignor and refund the sale’s price (including VAT as applicable) to the buyer. The buyer is entitled to claim such a refund within a period of two years from the date of the auction, provided that they have notified PORTUSCALLE NUMISMATICA of the defect by registered letter within 5 days from its detection.
 
8. The objects which come under the hammer are auctioned on behalf of a third party or are property of the Auction House. The buyer (successful bidder) has no entitlement to have the identity of the consignor disclosed to them and acknowledges that the Auction House might receive a commission from the consignor for the sale.
 
9. The contractual relationship between the parties is subject to all facets of Portuguese law.