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Abacus Auctions
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Terms of Sale - Public Auction

  1. ABACUS: Abacus Auctions Pty Ltd, a company incorporated in the State of Victoria, is the Auctioneer. Abacus is a member of the Australasian Philatelic Traders Association (APTA) and adheres to the APTA Code of Ethics..

  2. DESCRIPTIONS: Abacus endeavours to describe lots fully and accurately. The Description of a lot comprises the Symbols and Grading System (as set out on the opposite page), the written description, any illustration of the lot or part of the lot, and any amendments thereto published in Saleroom Notices and/or on the Abacus website.

  3. ESTIMATES & RESERVES: The Estimate is in Australian Dollars. The Reserve is set at 75% of the Estimate (rounded to the nearest bidding step) unless otherwise indicated in the Description. Bids below the Reserve will not be accepted. Where “Offer” appears instead of an Estimate, there is no Reserve and the Starting Price is at the Auctioneer’s discretion if there are no bids.

  4. STARTING PRICES & HAMMER PRICES: The Starting Price of a lot will be one Bid Step over the second-highest bid received prior to auction, or if no bids have been received, the Reserve. The Hammer Price is the price at which a lot is sold to the Buyer. Lots marked “T” attract GST when sold to Australian Buyers only, and in this case the Hammer Price includes the applicable GST.

  5. BIDDING: Bids may be placed by mail, phone, email or through the Abacus website before the auction up until such time as notified (Absentee Bids), or in person, by phone (upon at least 24 hours notice; see website for special conditions) or through an Agent during the auction (Room Bids). All Agents must advise Abacus of the person(s) for whom bids are being placed or else the Agent will be personally liable as the Buyer. Abacus has absolute discretion to refuse to accept Bids for any reason whatsoever.

  6. BID STEPS: Abacus uses the following Bid Steps:

    Up to $50

    $2 rises

    $500 - $750

    $25 rises

    $5,000 - $10,000

    $250 rises

    $50-$150

    $5 rises

    $750 - $1,500

    $50 rises

    $10,000 - $15,000

    $500 rises

    $150 - $300

    $10 rises

    $1,500 - $3,000

    $100 rises

    $15,000 - $30,000

    $1,000 rises

    $300 - $500

    $20 rises

    $3,000 - $5,000

    $200 rises

    over $30,000

    5% approx

    Abacus reserves the right to raise or lower non-conforming Absentee Bids depending on the bidder's apparent intention.

  7. BUYER: The Buyer is the person to whom a lot is sold by Abacus, either as the highest bidder at auction or the earlier bidder in the case of tied bids, or upon acceptance of a post-auction offer, or by any other means. In the event of a dispute, Abacus shall have absolute discretion in deciding who is the Buyer. Legal title to a lot does not pass to the Buyer until full Payment is received.

  8. BUYER'S PREMIUM: Abacus charges a Buyer’s Premium of 19.8% which is added to the Hammer Price of each lot sold.

  9. PAYMENT: Payment of the Hammer Price, the Buyer’s Premium, shipping & insurance charges (together the Invoice Total) for all lots sold to the Buyer are due and payable to Abacus immediately upon sale (Room Bids) or upon receipt of invoice (Absentee Bids). Payment must be made in Australian Dollars unless otherwise agreed by Abacus (please enquire for details).
    If the Buyer does not make Payment of the Invoice Total in full within 30 days from the due date of the invoice, Abacus may at its absolute discretion exercise the following rights (or any one or more of them) to -
    1) add an accounting fee of $10 plus 2% interest per month (or part thereof) to the Invoice Total;
    2) apply any monies due at any time from Abacus to the Buyer in Payment of all or part of the Invoice Total;
    3) terminate the sale, retain any monies paid, re-offer the lot(s), and recover any shortfall plus costs from the Buyer; or
    4) take legal action against the Buyer for breach of contact.

  10. RETURN OF LOTS: No lot may be returned except where there is an error in the Description. Returns are subject to the lot being in the same condition as sold, and in particular that the lot or items within it have not been immersed in water or other fluid, nor treated by any process, nor marked by an Expert or Expert Committee. These further restrictions also apply -
    1) a lot that has been inspected by the Buyer or by the Buyer's Agent cannot be returned for any reason whatsoever;
    2) a lot that is illustrated in the catalogue or on the website, or of which an illustration has been supplied to the Buyer or to the Buyer’s Agent cannot be returned for any reason that is apparent from the illustration; and
    3) a lot that is offered “as is”, or expressed to be a "range", "group", "selection", "array", "collection", "accumulation" or similar, or contains more than 10 items (except a set of stamps) cannot be returned for any reason whatsoever.

  11. CERTIFICATES OF AUTHENTICITY & EXTENSIONS: The Buyer may request that the sale of a lot be made conditional upon the receipt of a satisfactory Certificate of Authenticity with the sale to be on “Extension”. Such a request must be made in writing prior to the sale of the lot, and Abacus shall have absolute discretion whether to grant the request and to which expert or expert committee it shall submit the lot for a Certificate. An Extension request will generally not be granted if the lot is offered with a recent Certificate or if the stamp(s) has/have perforated initials (perfins). Where an Extension request is granted, the Buyer must make full Payment for the lot under Clause 9 and bear all costs of obtaining the Certificate. If the Certificate is unsatisfactory, the Buyer is entitled to Return the lot for a full refund including Certificate costs. A Certificate shall only be considered unsatisfactory if it states that a lot is materially different from its Description. Where a lot is described as defective or not genuine in any respect, a Certificate is not unsatisfactory merely because it mentions any further shortcomings not listed in the Description. Where the expert or expert committee is unable to render an opinion, this does not constitute an unsatisfactory Certificate.

  12. GOVERNING LAW: The Terms of Sale shall be governed by and interpreted in accordance with the laws of the State of Victoria.

  13. ACCEPTANCE: Placing a Bid by any method constitutes acknowledgment and acceptance of these Terms of Sale.

     

    New Clients – References
    If you have not dealt with us previously, please provide two references from major Stamp auction houses with whom you have conducted business recently.

     

    Payment Methods

    We accept payment by Visa & Mastercard credit cards without any additional fees or surcharges. Please provide credit card details (including name, billing address, card number, expiry date and last three digits of the security number) when placing your bids. Credit cards will be billed in Australian Dollars (A$) for the Hammer Price, 19.8% Buyer’s Premium, shipping & handling charges plus 1% insurance fee. Bidders paying by credit card receive priority invoicing and shipping. Please note: we do not accept payment by PayPal.

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Impressum

Abacus Auctions

Director Torsten Weller

19A Hampshire Road
Glen Waverley, Vic 3150
AUSTRALIA

info@abacusauctions.com.au

Tel: (03) 8513 0595 ×
Abacus Auction sale #228

Auktionstermin: 22. Juli 2018

Abacus Auctions
19A Hampshire Road
Glen Waverley, Vic 3150
AUSTRALIA

Tel: (03) 8513 0595

Weitere Infos zur Auktion

Zahlungsmöglichkeiten:

  • Überweisung
  • VISA-Card
  • Master/Euro-Card

Allgemeine Geschäftsbedingungen

Informationen zur Online-Streitschlichtung

Besondere Auktionsbedingungen:

Abacus berechnet einen Provision von 19,8% die auf den Zuschlagspreis berechnet wird.

× Abacus berechnet einen Provision von 19,8% die auf den Zuschlagspreis berechnet wird.

Los 503

Australien, Neuseeland und die Inseln des Pazifik - Australien

Beschreibung

Adelaide Pound Type I 1852 Wide Edge Reeding (22.75mm, 8.76g, 135.6gns or 5DWT:15gns), Die Crack and Inner Beaded Circle, Obv. 'VALUE/ONE/POUND' surrounded by beaded circle between inner and outer rims, 'WEIGHT 5 DWT 15GRS/* 22 CARAT *', Die Crack at 12 O'clock from outer rim to inner beaded circle, rev. '[Crown]/1852' surrounded by crenellations within beaded circle, 'GOVERNMENT ASSAY OFFICE/* ADELAIDE *', well struck, clear fields except light scratches on obverse to right of Crown. EF.



Australia's first minted gold coin and of great historical & numismatic significance. Fewer than 30 pieces known, of which perhaps half are instutionalised, and undoubtedly one of the finest examples extant.

  GENERAL AUCTION CONDITIONS


By the submission of bids, the following Auction Conditions of the Auctioneer are recognised and accepted:
 
  1. The auction is voluntary and held in public in the name of the auctioneer on his own behalf for his own account against immediate payment in Euro. Foreign currency and cheques are accepted at the daily exchange rate of the German Federal Reserve. Trading and exchange are not allowed in the auction rooms.

2. Bidding increments are published in the actual Auction Manual and are from 5 to 10% of the starting price or the actual submitted bid price respectively. The lot is sold to the highest bidder after threefold call. The Auctioneer reserves the right to bar persons from the auction at his sole discretion, to refuse knocking a lot down or to withdraw, pool, recombine or divide lots, to call lots once more in case of equivocality or misunderstandings or to knock a lot down subject to consignor’s approval. Bids below the starting price with a knockdown subject to consignor’s approval are binding for the bidder for a period of four weeks but are non-binding for the auctioneer. In case of even bids the chronological order of their receipt is applicable; in case of simultaneous receipt of even bids the auctioneer decides by drawing lots.

3. Bids transmitted to the auctioneer (in written form) will be treated with confidence and will only be used to top the other previous bid. However the auctioneer cannot take responsibility for this procedure. Lots without a particular starting price require a minimum bid of 20,- Euro and will be knocked down to the highest bid.

4. Telephone bidders must offer at least the starting price and submit a written confirmation thereafter. In the event of unavailability of the bidder on the phone the minimum bidding price is valid. The auctioneer is not responsible for the setting up and/or  persistence of the telephone connection.

5. The auctioneer receives a premium of 23.8% of the hammer price from the buyer plus 2.00 Euro per purchased lot. For all lots which are marked with • behind the lot number Value Added Tax (VAT) will be added to the hammer price and to the buyers premium. Lots without marking are sold under the margin system (§25a UStG); there will be no turnover tax statement. Lots marked with + are sold under the margin system as well but additional expenses for importing the items in the amount of 7% of the hammer price are charged (= Import Expenses, which are part of the total sales price ). If shipment is requested by the buyer or becomes necessary, costs for postage, packing and insurance plus VAT will be charged separately. For purchases from abroad, which will be exported to a third country (non-EU), VAT will not be invoiced after receiving an evidence of exportation. Duty and/or other charges related to importing the purchases into the country of destination are on buyer‘s account.

6. The purchase contract between the auctioneer and the buyer is closed on the knockdown of the lot. Based on this contract the buyer is obliged to accept and pay for the goods at the point of sale. In case of bidding for a third party, the bidder is liable as a principal as well as the third party. At the moment of knockdown all risks concerning loss or damage of a purchased lot is the responsibility of the buyer. The ownership of the auctioned goods will only be transferred to the buyer when full payment has been effected. Bidders making written bids will in general receive a prepayment invoice, which is due for immediate payment. Only if the invoice has fully been paid, the buyer has the right to claim ownership of the purchased lots.

7. If it is agreed, that the auctioneer will ship the purchased lots, and they are not or not completely received within ten weeks after the end of the auction (in case of prepayment: after the payment of the goods) latest, the buyer has to inform the auctioneer in writing about this incident for purposes of investigation.

8. Outstanding debits, which have not been paid 14 days latest after the auction and/or receipt of the invoice, will be subject to a default charge of 2%. Furthermore 1% interest per month will be charged unless the buyer can provide evidence that only a lower or no damage has been caused. Furthermore it is in the auctioneer’s sole discretion whether he insists on performance or on compensation due to non-fulfillment after a set period. Compensation will be calculated after the lots have been sold directly or
on another auction to a third party. In this case the defaulter has to compensate the loss of the auctioneer resulting from a lower sales price and additional costs. The defaulter is not entitled to additional proceeds earned by the auctioneer when selling the lots to a third party.

9. The objects for auction may be viewed and inspected prior to the auction. They will be auctioned in the condition as they are at the time of auction. The catalogue descriptions were made in all conscience and do not warrant any characteristics. The buyer cannot hold the auctioneer liable for any faults provided that the auctioneer has not infringed his duty to take care. Collections, batches etc. are excluded from any complaint, apart from that the auctioneer is obliged to hold the consignor liable for any complaint, which is made by the buyer within a period of 4 weeks after the auction, within a limitation period of one year. Complaints concerning a lot must be sent to the auctioneer together with the original auction lot card. The lot must be presented in its unchanged condition. This applies to the removal of hinges, submersion in water as well as chemical treatment. Only the application of sign information by a member of an acknowledged auditor association will not be regarded as tampering. In the event of complaints the auctioneer can demand a written expertise of an acknowledged auditor. If the buyer intends to get an expertise, he will inform the auctioneer about it prior to the auction. The period for complaint will be prolonged respectively. However, this does not inflict the right of the auctioneer to be timely paid. Any appraisal fees will be charged to the buyer, if the  result matches the lot description or if he acquires the lot in spite of dissent opinion. Any faults, which are obvious at the time of photography, are excluded from the right of complaint. If faults of a lot are described in the auction catalogue, this lot will not be rejected and returned by the buyer because of further smaller faults. In the event of a successful claiming of the consignor the auctioneer refunds the paid purchase price and buyer’s premium; the buyer is not entitled to further claims. The auctioneer has the right to refer the buyer with all of his complaints to the consignor. By bidding on lots, which were already signed or certified by acknowledged auditors, the buyer accepts these approval marks or certificates as decisive. If bids are placed with reservation of an appraisal of another auditor, the bidder will inform the auctioneer about this reservation when placing his bid. Descriptions such as „Pracht“, „Kabinett“, „Luxus“ etc. are a subjective opinion of the auctioneer and under no circumstance a statement in regard to warranted characteristics. Lots which bear the description „feinst“ or „fein“ may possibly have small faults. Objects having a value which is defined by their postmark are excluded from complaint of any other defects.

10. Only single lots can be shipped for viewing. They must be returned to the auctioneer within 24 hours, in doing so our mode of dispatch must be utilized. Any risks and costs are for the account of the requesting party. If these lots are not present in the auction house on the day of the auction, they will be knocked down in favour of the requesting party one increment above the highest bidding price but at least for the starting price.

11. Place of fulfilment is Bietigheim-Bissingen. This will also apply, if by way of exception we hand the goods over at another location or if we send the goods from another location. Place of jurisdiction for the full trading is Ludwigsburg. Only German law shall apply. If purchase contracts are closed by auction in a country outside Germany, for consumers German law shall only apply, as far as hereby the granted protection of the law of the state, in which the consumer has his main residence, is not withdrawn (favourability principle).

12. Should one or more of the conditions above or a part of them become invalid, the validity of the other conditions will remain unchanged. The invalid conditions shall be replaced by valid conditions, which conform to their economic purpose.

13. The conditions above shall also apply to after sale and private treaty.
(This translation of the „Allgemeine Versteigerungsbedingungen“ is provided for information only; the German text is to be taken as authoritative)
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Saalauktion

Minimum bid

45000.00 AUD
(ca. 28202 EUR)

Ende der Gebotsabgabe:

Sonntag 22.07.2018, 07:00 AEST

Ihr Maximalgebot:

AUD

Aktuelle Uhrzeit (MET): 17.07.2018 - 13:40