Terms of Sale

In accordance with current French law, the sale must be made expressly in cash. Buyers will pay the main price of the last auction, which is 24 % with VAT per lot and regardless of the amount of the auction, in €uros. More 1,8 % with VAT for Drouot Live or 3,6 % for Interencheres.

The description and states of preservation of each coin have been rigorously studied and are given in all science and conscience. The authenticity is formally guaranteed. The evaluation bases in €uros are given according to international courses. The weights in grams and the dimensions in millimeters are given only as an indication. Any changes to the terms of sale or catalogue descriptions may be made and will be announced verbally at the beginning of the sale and noted in the minutes. The indications given of the existence of a restoration or any other incident affecting the lot are expressed to facilitate the examination of the future purchaser and remain to its discretion. The absence of a restoration indication does not imply that an object is free of any defects passed or repaired. The mention of any defect does not imply the absence of any other defect. No claim will be admissible as soon as the award is handed down. Preliminary exhibitions allow buyers to see the condition of the objects presented. It is up to the purchasers to examine the items before the sale and rely on their own judgment to verify their compliance with the description in the catalogue.

The auction will be made using a numbered paddle that will be given to the bidder before the sale at the time of registration of his identity. To facilitate the presentation of the items sold, the photographs will be projected on screens accompanied by the increase in auctions and the conversion of currencies.
Technical malfunction (presentation of an object different from the current auction, for example) cannot be held responsible. The auctioneer is the only judge to start the auction again. The order of the catalogue will be followed.
In order to fnd your collection theme and the ranking of the coins, it is advisable to refer to the summary. The sale will be conducted in €uros. The order of progress of the auction is set by the auctioneer authorized to direct the auction
The bidder will be the highest bidder and last bidder. He will have an obligation to hand over his name and address. The auction house PHIDIAS will consider that the bidder present at the sale is solely responsible for the auctions carried, even if the auction is acting on behalf of a third party, unless a written warrant specifes otherwise. In the event of a challenge at the time of the auctions, i.e. if it is established that two or more bidders simultaneously made an equivalent bid, either aloud, by sign or any other means, and at the same time claiming this item after the pronounced « sold » the item will be immediately put back on sale at the last price offered by the bidders and any public will then be allowed to re-auction.
The transfer of ownership will be effective once the award has been awarded, with the awardee becoming fully responsible for the purchased lots or lots.
The French state has a right of pre-emption on objects dispersed in accordance with the existing texts. The exercise of this right comes immediately after the
hammer blow, with the representative of the state demonstrating the latter’s desire to replace the last bidder, and having to confrm the pre-emption within 15 days of the sale. The PHIDIAS auction house cannot be held responsible for the conditions of the pre-emption.

The persons who have never participated in our sales must provide a valid RIB and ID. The purchase order or telephone auction stakes are an easy facility. The
PHIDIAS auction house or the expert cannot be held responsible for any error or omission in their executions or for any other cause. The client « gives a
mandate » to the expert or auctioneer on his or her behalf. He is asked to verify that his order has been recorded. Any request for bids by phone or internet will have to be confrmed.
Your bid form must be issued, no later than the day before the sale, either by hand, by mail or by email: vinchon@wanadoo.fr ou courrier@phidias-paris.fr.
Telephone bids during the sale +33 (0)6 52 04 24 14 will only be accepted in case of force majeure and for bids in excess of 500 €uros. Any order by phone
presupposes a purchase order equal to the low estimate plus an auction. However, we recommend that you provide a maximum limit for each lot so that we can bid for you in case we cannot reach you or in the event of a communication interruption.
Bidders will be required to complete the « bid form » in this catalogue, send it and keep a photocopy. To complete this form : it is recommended to wear your
initial choice with a limit of €uros for each number and an overall budget, to check the numbers chosen and to indicate replacement numbers in order to obtain
a minimum of satisfaction. For example : selecting 10 numbers to get only 2 or 3 depending on your budget.
The contents of the purchase orders received are never disclosed. In the case of identical orders on the same lot and for the same amount, the order arrived
frst will be preferred over the others (the date of arrival is authentic). The signatory agrees to acquire the lots assigned to him and to make the payment in cash and at the frst request by choosing one of the payment and delivery methods described on the slip (check the corresponding boxes). A detailed acquisition slip will be sent to buyers. The sale is deemed all taxes (without recoverable VAT).

It will be possible to follow and view the sale and bid live. Live auctions, at no additional cost, are conducted through DROUOTONLINE.COM or INTERENCHERES.COM which are technical platforms for remote and electronic participation in public auctions.
The user wishing to participate in the auction by these means will read and accept, without reservation, the terms of use of this provider are available on www. drouotonline.com or interencheres.com.
Pre-registration and validation will be required before bidding. At the latest and generally, the closing is two hours before the start of the sale. It is therefore recommended to register well before this deadline. During the sale, a necessary time will be given to potential bidders to come forward. However, in order not to slow down the sale, we advise you not to delay in bidding so that they are taken into account in the sale room.

The payment must be made immediately after the sale:
- in cash (€) up to an amount of 1000 €uros or less taxes included for individuals with his tax domicile in France and for persons acting in the course of their activity professional
- in cash (€) up to an amount of 15,000 euros or less included fees and taxes for the individual justifying that he does not have a tax domicile in France and that he does not act in the course of his professional activity.
- by bank cheque (French bank) in €uros at the order of PHIDIAS, with mandatory presentation of a valid ID.
- by credit card (Visa, Mastercard) including bank fees for cashing.
- by bank transfer in euros to the order of PHIDIAS, including in the amount of the slip the exchange fee and bank fees.
Bidders wishing to pay their purchases by transfer will have to pay an additional disbursement of 20 €uros. It is advisable for the awardees to submit their instructions as soon as possible and to proceed with the removal of their lots as soon as possible. As soon as the award is handed down, the purchases are
entirely the responsibility of the awardee. The awardee will be required to have its purchases insured at the auction. PHIDIAS auction house or the expert
cannot be held responsible. No prizes will be given to the purchasers before the full payment of the sums owed. Unfamiliar persons will be required to provide
their bank references and in the event of a cheque payment, delivery may be deferred until cashing. Shipping costs to France or abroad are the responsibility of the purchaser.
Non-resident purchasers will only be able to have their purchases delivered after payment by bank transfer established in €UROS including foreign exchange
and transfer fees and absolutely to the address of the client or bidder. Foreign cheques are not allowed. Buyers wishing to export their purchases will have to let them know by the day of the sale. They will be able to recover VAT on the purchase fee provided that a proper customs voucher is given to PHIDIAS auction
house and that the name of PHIDIAS is mentioned as an exporter.

Buyer fees may be refunded to non-resident buyers of the European Union who export the acquired goods. To obtain the refund, the affected buyers will have
to express their wish to be refunded VAT before the sale. The refund cannot be made by the accounting department upon presentation of the customs export
document covered by customs.

A certifcate of cultural property issued by the Directorate of Museums of France may be essential to move a property within the European community. It
must be accompanied by an export license for non-EEC countries. This formality requires an additional delivery time.

Failing to pay the total amount of money owed by the awardee, after a single unsuccessful notice, the property is put back on sale at the request of the seller on the auction of the defaulting bidder. If the seller does not make this claim within three months of the auction, the sale is resolved as of right, without prejudice to damages due by the defaulting bidder. In addition, PHIDIAS auction house reserves the right to claim interest from the defaulting bidder at the legal rate, the reimbursement of all costs incurred for the recovery of the sums owed by it, as well as the payment of the difference between the auction price and the auction price on « folle enchères », if it is lower, as well as the costs generated by the new auctions.

ONLY THE TEXT IN FRENCH terms of sale and execution of purchase order is valid