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CONDITIONS OF SALE
We auction goods as commission agents in our own name and for the account of not named consignors. Participation in the auction shall be deemed
express acknowledgement of the Terms and Conditions of Auction stated here.
The auction takes place with cash payment being due to the authorized representatives of Dr. Busso Peus Nachf. by bidders present at the sale. For
written bids payment is due 10 days after receipt of the respective invoice.
According to the Money Laundering Act (GWG), we are obliged to identify all bidders. As a bidder, you undertake to provide us with all necessary
identi cation documents (copy of ID, excerpt from the commercial register, etc.) upon request.
The hammer price forms the basis for calculating the premium payable by the buyer.
– The following applies to buyers from EU countries: Customers are charged a uniform premium of 25 % (the total amount includes statutory
VAT).
– For items subject to standard taxation (marked with * in the print catalog), a surcharge of 20 % applies to deliveries within the EU. The total
amount, consisting of the hammer price and surcharge, is subject to the value added tax applicable in the respective member state.
– For buyers residing in third countries (outside the EU), the following applies: The premium is a at rate of 20 %. If the goods are exported to
third countries by the buyer themselves or by third parties, statutory VAT will be charged, but will be refunded upon presentation of the legally
required export certi cates. If we export these goods to third countries ourselves, statutory VAT will not be charged.
– For gold coins that are exempt from statutory value added tax, a premium of 20 % is charged.
We reserve the right not to ship to sanctioned and high-risk countries.
Any fees incurred abroad (e.g. value added tax, import value added tax) and customs duties shall be borne by the buyer in all cases.
Export deliveries to EEC countries shall be free of VAT upon presentation of the required legal documents.
Shipment will be at the buyer’s respectively recipient’s risk and cost. Risk of loss and damage is on the buyer. Purchases by foreign customers are
subject to the customs regulations of their countries; the auctioneer is in no case liable for any consequences due to non-compliance with such
regulations. The auctioneer will take care of consignment formalities.
The adjudication is made to the highest bid called three times and is binding. In case of dispute the number will be called out once more. The
auctioneer is entitled to join, separate or withdraw numbers. The numbers will not be called out of sequence.
Minimum offers up to Euro 100.– Euro 5.–
up to Euro 200.– Euro 10.–
up to Euro 500.– Euro 20.–
up to Euro 1.000.– Euro 50.–
up to Euro 2.000.– Euro 100.–
up to Euro 5.000.– Euro 200.–
up to Euro 10.000.– Euro 500.–
from Euro 10.000.– Euro 1.000.–
Should payment not be made to the auctioneer forthwith or should the adjudicated property be refused, such property will not be handed over to the
purchaser. He rather loses his rights resulting from the adjudication and the property can be put up for auction again at his own expense. The purchaser is
liable for any loss but not entitled to claim any excess proceeds.
Written orders will be carried out conscientiously without commission. Orders from customers who have not established credit with Dr. Busso Peus
Nachf. will only be carried out upon payment of a deposit or by giving satisfactory references. We kindly ask to send in orders well in time. When identical
bids are received by Peus Nachf. for one lot, preference is given to the rst bid received as determined by the auctioneer.
Participation in the sale via telephone is only granted in the case of pieces with an estimate of € 1000 or higher. However, the application for telephone
bidding stands at least for a bid of the amount of the estimate in every case.
For online bidders: The auction house and the auctioneer are neither liable for disruptions of the online connection nor for the compatibility of the hard-
ware and software used. Sellers and bidders have no claims against auction house and auctioneer if a bid does not come in time.
Unlimited bids have no right to unquali ed execution. We reserve the right to increase any written bid by 2–3 % if necessary.
The purchased property retains the vendor’s title until it has been paid in full.
The descriptions in the catalogue have been conscientiously performed. Printed prices are estimates. Any complaints must be made in writing within 8
days of receipt of the goods. Forged or falsi ed items, which have not been identi ed as such in the catalogue, can be returned and the purchase price will
be refunded. Justi ed claims will be limited to the net invoice price of the delivery in question. In other respects the auctioneer and his staff will only be
liable when guilty of intent or gross negligence.
If you want to hand over the goods you have purchased to a grading service, we do not guarantee that the coins will be accepted there or that they will be
classi ed according to our rating.
Multiple lots cannot be returned except for forgeries. Since the number of coins contained in a multiple lot is stated as an approximate one, the auctioneer
does not warrant for deviations in that number.
Place of venue is for both parties Frankfurt am Main, Federal Republic of Germany. Any dispute or controversy arising from or in conjunction with the
auction shall be nally decided by the courts of Frankfurt am Main.
For reason of cost catalogues will be ceased to be forwarded when the customer has neither taken part in an auction nor paid the catalogue charge of Euro
15.– for a period of 18 months.
Unless otherwise speci ed the general auction regulations as valid in the federal Republic of Germany are applicable.
These conditions are available in German and English, only the German Version being de nitive in the event of any dispute.
DR. BUSSO PEUS NACHF.
Christoph Raab
Deutsche Bank, Frankfurt, IBAN: DE74 5007 0010 0095 0733 00 BIC (SWIFT): DEUTDEFF
Postbank, Frankfurt, IBAN: DE37 5001 0060 0056 6286 00 BIC: PBNKDEFF