EZAuction

Edward J. Waddell, Ltd.

Terms and Policies

Terms of Sale

1. This is an on-line auction sale conducted by Edward J. Waddell, Ltd. It may contain coins owned by the auction firm as well as consigned properties. By participating in this auction, all bidders agree to accept the terms of sale

2. A 10% Buyers Fee applies and will be added to the final (hammer) price of all lots.

3. All items are unconditionally guaranteed to be genuine by Edward J. Waddell, Ltd. As this is an auction and not an approval sale, items may not be returned for any reason, other than authenticity, without the permission of Edward J. Waddell, Ltd.; and any request to this effect should be made within seven (7) days of receipt of the auction lot(s). If payment is made by credit card, the terms concerning returns stated herein take priority over those established by the credit card companies.

4. Payments All sales are for cash payable in US Dollars. Payment is due upon the notification of a successful bid at the close of the Auction. Foreign checks or drafts must be drawn on a US bank and contain US bank transfer numbers. If the bidder has authorized payment by credit card (Visa or Master Card) at registration, his/her credit card will be charged for the applicable amount upon close of the auction. If payment by check or bank wire is acceptable to Edward J. Waddell, Ltd, an invoice will be emailed to the client for payment. All checks from clients unknown to the firm must clear the applicable banking institution(s) prior to the coin(s) being shipped. Credit cards from international bidders who are unknown to the firm may require additional verification. Edward J. Waddell, Ltd. in its sole discretion reserves the right to obtain pre-payment by credit card or advance deposit as it deems warranted.

5. Mailing fees. All coins are shipped insured via US Postal Service Registered Mail unless otherwise requested at time of registration. Mailing fees are $10.00 for all invoices under $500; $11.00 for invoices between $501-$1,000; $13.00 for invoices from $1,001-$2,500; $14.00 for invoices from $2,501-$5,000; $16.00 for invoice from $5,001-$8,000; and $18.00 for invoices from $8001-$10,000. Invoices over $10,000 will be covered by Edward J. Waddell, Ltd. Packages of mulitple coins that exceed usual weight standards will be charged appropriate additional charges. Federal Express shipment is available upon request at a minimum charge of $30.00 for orders shipping within the Continental U.S., or internationally for appropriate fees. Our insurance will cover registered mail shipments with a $500. deductible to most countries. For some countries we cannot provide insurance coverage or have additional limitations; we will advise if this is the case. International Express mail service is also available on request with full insurance coverage up to $5,000 for most countries without deductible; the fees for this service range between $45-$100. International purchasers are responsible for all local duties, tax, customs or other fees. A fee of $25.00 is charged for international wires. Books are shipped within the USA via UPS Ground for a fee of $8.00 for the first volume and $1.00 for each additional volume. Books can be shipped overseas via airmail or UPS. MARYLAND RESIDENTS will be charged 5% sales tax on Abafil orders, book orders, and coins of under $1000 (total) per invoice.

6. Examination of coins Coins may be examined at our offices on an appointment only basis prior to the sale. We will also ship coins for one-day viewing via Federal Express within the USA, time permitting, to interested parties for a minimal round trip fee of $60.00 within the USA. Coins may also be available for viewing at shows that we attend prior to the closing of a sale. Please see show schedule at http://coin.com/shows.html.

7. Bidding

Two types of bidding are permitted in the auction. You may bid the next incremental bid indicated on the lot, or any higher bid which is a multiple of the increment. Please do not bid odd amounts such as $101.23, as all uneven bids will be rounded down to the nearest multiple of the minimum increment. When you bid a higher amount than the next incremental bid, your bid is automatically defaulted to become a maximum bid. By placing a maximum bid, the auction program will act on your behalf and increase your bid by the next minimum increment only as needed against other bidders. For example, if the next increment on a lot is $1000 and you place a maximum bid of $1500, your bid will be displayed as only $1000 unless subsequent bidding causes the auction program to be activated on your behalf. Please note that under no circumstances will the maximum bid on a lot be revealed to any bidders; this type of bidding is similar to having an agent acting on your behalf in a live auction room. You will receive email notifications of the status of your bids. You may also decide to increase your bid beyond the maximum amount if you are outbid prior to the close of the auction.

Your bid will be shown as the current high bid on the lot unless there is a previously recorded maximum bid for the same or higher amount. There is no limit on the number of times you may bid on each lot up until the closing. We recommend that you do not wait until the last possible moment to bid, because the bidding will close at precisely the posted time. Please also note that only your bid appears live on the site, your email address and username are not available to the public.

Fixed non-incrementing bidding option. By checking this box above your bid entry and bidding higher than the next increment, your bid will be entered as a fixed bid at that amount rather than as an incremental maximum bid. Please note that just as in a live auction, if you bid an amount higher than the next minimum increment and select the fixed non-incrementing bid option, this bid will be accepted but will not be reduced if it is the winning bid at the close of the auction. Bidders may wish to exercise this option as a strategy to discourage other bidding on the lot. You will receive email verification of your bid and also an email notice if you are subsequently outbid for the lot.

Please note that if you prefer to bid through us rather than directly on-line, please dont hesitate to contact us for assistance and we will set up an account on your behalf. Please bid early if employing our bidding services; we cannot guarantee to be available by phone in the last moments of the sale to execute bids.

Retraction of bids/Errors If you bid on an incorrect lot or otherwise make a mistake in bidding, please contact us via phone or email at your earliest possible convenience and we will correct your bid. It is not possible to alter the bid without our assistance.

Rejection of bids Edward J. Waddell, Ltd. reserves the right to reject and therefore delete any bid which it feels was not made in good faith or where proper credit cannot be established.

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