| THE PLACING OF A BID SHALL CONSTITUTE ACCEPTANCE OF THE CONDITIONS OF SALE |
| BIDDING |
|---|
All bids are per lot, as numbered in the catalogue. Eastern Auctions Ltd. reserves the right to withdraw any lot prior to sale, to divide a lot or to group two or more.
The highest bidder shall prevail at one advance over the next highest bid. Should a dispute arise between bidders, the decision of the auctioneer as to the successful bidder or the re-offering or resale of the lot in dispute shall rest entirely in the judgment of the auctioneer.On all lots sold a commission of 15% on the hammer price will be payable by the buyer. The auctioneer shall regulate the bidding and reserves the right to refuse any bid believed by him not to be made in good faith.
| PAYMENT FOR PURCHASES |
|---|
U.S. funds are acceptable only at the equivalent amount shown on the invoice Visa and MasterCard are accepted at no extra charge if you include the information on your bid sheet.
Payment for lots, including those on which opinions are desired under Condition of Sale 8, shall be made as follows:
A successful mail bidder will be notified of lots purchased and must remit before the lots are sent. A person known to us, or who furnishes satisfactory references, may at our option have purchases forwarded for immediate payment. Delivery will be to the address on the bid sheet. Proof by receipt of sending at the advised address shall constitute delivery. Postage and insurance are payable by the buyer.
Title shall not pass to the buyer until Eastern Auctions Ltd has received full payment.
Buyers agree to pay for lots as specified above and no credit is extended, a late payment charge of 2% per month is added to overdue payments, minimum $5.00.
| QUALITY AND AUTHENTICITY |
|---|
Each lot is sold as genuine and correctly described based on individual description as modified by any specific notations in this catalogue including (but not restricted to) "Key to Cataloguing".
AUTHENTICITY. Any lot, which is declared other than genuine by a mutually acceptable authority is returnable, provided the lot is received within a period of four weeks from the date of the auction. Proof that a "mutually acceptable authority" declines to express an opinion is not normally grounds for the return of a lot.
Returns must be made by registered mail.
Lots marked or encapsulated by an expert committee are not returnable for any reason.
Lots accompanied by an existing certificate are not returnable.
| EXTENSION OF TIME |
|---|
When an opinion from a mutually acceptable authority is necessary, the buyer shall:
Submit the lot without delay to a mutually accepted authority;
Ensure that advice in writing to this effect be received before the auction.
Remit in full for the lot. The buyer shall be reimbursed in full for any lot declared other than genuine.
| EXPENSES OF CERTIFICATION |
|---|
Expenses shall be borne by the buyer except where the lot is other than as described and is returned within the conditions set forth above. Our responsibility is expressly limited to:
The actual cost of the opinion if up to $30.00 or less, or
The cost of the opinion up to 5% of the sale price but not exceeding a maximum of $100.00.
We are not responsible for expenses on the return of any lot.
| SALES TAXES |
|---|
The Harmonized Sales Tax is payable by mail bidders residing in New Brunswick, Nova Scotia and Newfoundland liable to the tax. Other Canadian residents are liable for the GST. Foreign residents are liable for GST only on the buyer's premium.
This firm is a subscriber to the ASDA Code of Ethics for Auction firms.
|
| CONDITION |
|---|
The various grading of stamps are in order; Superb; Extremely Fine; Very Fine; Fine and Very Good.In the case of sets, large blocks, sheets, etc., the condition quoted represents the
average and quality above and below this standard can be expected.
Mixed condition: in large lots, a range of condition can be expected, from small faults to Very Fine.
| GUM |
|---|

NH
Never
Hinged unused with original gum in Post Office state and unmounted.
LH
Lightly Hinged unused
with full original gum showing some evidence of a previous
hinge.
OG
Original gum unused
with original gum showing some evidence of a previous hinge, a portion of which
may still be present.
Unused
Unused without gum
(unless gum is mentioned).
Ungummed
Without gum as
issued.
| ESTIMATED VALUES |
|---|
If an estimated cash value is given, it is shown in the description and always
indicated by the abbreviation Est.. It is used where the lot is large
or where the actual value has little relation to the catalogue price. It represents the auctioneer's
appraisal of the true CASH value of a lot and the figure is invariably close to the actual realization. It is
useless for mail bidders to list any bids that are only a low proportion of such estimates.
| CATALOGUES AND HANDBOOKS USED IN LISTING |
|---|
|
| BIDDING INCREMENTS |
|---|
The auctioneer may regulate the bidding at his
discretion. However, to assist absentee
bidders in establishing their maximum bid for each lot, the increments
shown below will be used in most cases.&nb
sp;
We recommend that written bids conform to these increments (those which
do not will be reduced to the next level).
Bidding is conducted in the following increments:
| $10 - $50.........................$2.00 | $325 - $750.........................$25.00 | $3,250 - $7,500.........................$250.00 |
| $55 - $130.........................$5.00 | $800 - $ 1,500.........................$50.00 | $8,000 - $20,000.........................$500.00 |
| 140 - $300.........................$10.00 | $1,600 - $3,000.........................$100.00 | $21,000 - OVER.........................$1,000.00 |