1. The following terms and conditions apply to bidders in all auctions held by Oslo Myntgalleri AS. By making a bid, the bidder agrees to our terms and conditions and accepts to be bound by them. The auction is open to the public and all participation is voluntary. Unless otherwise stated, there will be more than one consignor. Lots marked with an x behind the lot number are consigned by Oslo Myntgalleri AS or by the main shareholders of Oslo Myntgalleri AS.
2. All bids are binding, and bidders must be of legal capacity, i.e. at least 18 years old.
3. Although the auctions are to be conducted with great care, the auctioneer is not responsible for possible mistakes or misunderstandings on the part of the buyer.
4. The auctioneer has the right to deny a person to take part in the auction. He may also withdraw, re-arrange, or divide lots. In case of disagreements during an auction, the auctioneer may restart bidding for or more lots to settle a dispute.
5. The auctioneer may refuse to accept bids from a person unknown or without proper references. Foreign clients should register several days prior to the auction day and give the auctioneer sufficient time for reference check.
6. It is the duty of the auctioneer to give accurate and honest descriptions of all lots. Unless otherwise stated, all lots are guaranteed authentic and from the period as described. Disputes regarding the authenticity of objects will be settled at the International Bureau for the Suppression of Counterfeit Coins (IBSCC). Opinions from the IBSCC will be deemed definitive in cases of authenticity concerns.
7. All lots are sold in the condition as described in the catalogue and shown prior to the auction. All bidders should appraise and inspect the lots prior to the auction. Consequently, complaints about descriptions, remarks and grades will not be accepted after the lots have been sold. This restriction for complaints also applies to absentee bidders. Opinions from third-party grading services (e.g. NGC, PCGS, ANACS etc.) is not a sufficient cause for any returns of purchased items.
8. Graded coins and banknotes: We do not give any guaranty for the authenticity or possible defects on graded coins in slabs and other holders from third party grading companies.
9. Written pre-bids must be delivered to the auctioneer in due time before the auction. Telephone bidding is only accepted for lots with starting prices above NOK 5000, -. All clients must make preliminary agreements with Oslo Myntgalleri at least 24 hours before the auction starts.
10. Agents bidding on behalf of their clients are fully responsible for settling the payment of their purchased lots. The auctioneer may hold both agent and third-party clients responsible for unsettled payments.
11. All bids are given in Norwegian kroner and all lots are sold to the highest bidder. In case of identical bids, the first bid will be prioritized. In case of identical bids from the Room and Internet, the Room bids will be prioritized.
12. The prices in the catalogue are minimum prices and lower bids will not be accepted. A buyer’s premium of 20 % is added to the hammer price of each lot. All coins and banknotes that are or have been legal tender are exempted from VAT in Norway. 25 % VAT is added to the buyer’s premium on medals when picked up in Norway. On medals sold for export, the buyer’s premium is 20 %. Lots that are subjected to VAT is marked with * by the end of the lot number. Domestic shipments are sent with registered mail with tracking at a minimum charge of NOK 200, -. All international shipments will be sent with DHL or Fedex at a minimum price of NOK 690, -. Successful bidders may also to pick up their won lots at our offices in Oslo and Haugesund. Oslo Myntgalleri is not responsible for shipments that are lost due to wrong or insufficient address information provided by the buyer.
13. All payments must be arranged in NOK (Norwegian Kroner). The sale is completed upon receipt of payment, at the latest 7 days after the bidder has received the invoice. In the case of later payment, 1 % interest is added at the beginning of every month. The buyer is responsible for paying all bank charges and shipping and insurance costs. If payment has not been received within 30 days after the auction, the auctioneer reserves the right to sell any unpaid lot(s) if necessary. The auctioneer alone will decide how such sale is conducted and the sale will always be at the risk/cost of the original buyer. Such sales may take place without further notice and the original buyer is responsible for any economic loss due to lost commission or reduced sale price.
14. Payments in cash cannot exceed NOK 39.999,00 pr. customer, ref. Norwegian Anti-Money Laundering Act § 4 a.
15. The property right of purchased lots will pass over to the buyer when the invoice is fully paid. The auctioneer is responsible for a careful and secure storage of all lots until they are picked up by the buyer or a shipping agent. All international shipments are on the risk of the buyer and the buyer is fully responsible for the insurance of items that are in transit. The auctioneer is not responsible for local customs regulations, customs delays, or import VAT issued by authorities in other countries. The auctioneer will not accept any costs related to return-shipments where delivery has been rejected by the recipient.
16. All Norwegian coins made before 1538, with a few exceptions, are not allowed to be exported out of Norway. Items with such restrictions will be marked on our bidding platform.
17. Consignors will be paid approximately 4-6 weeks after the auction.
18. Complaints about the auctioneer or the consignor must be raised in written form within 14 days after the auction. Specific complaints about any sold lots must be raised within 14 days upon delivery. Objections cannot be raised for lots that are not paid within 30 days after the auction.
19. All legal disputes or claims arising out of these terms and conditions shall be governed by and constructed in accordance with the law of Norway.
20. We may amend these terms and conditions from time to time.