Auction details
INVESTMENT GRADE ASSET AUCTION NO. 27
12:00 PM PT - Dec 14th, 2008
offered by
Western Asset Reserve
PO Box 1421
Kapaa, HI 96746
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 |  |  | | | | | | | | | | | | | 1780 Masachussetts $1 Note | | | Time has historically proven Coins & Currency to be wise investments! | | | Lot description: Rare high grade early US issue VF/XF | |
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| | | Coins and stamps are the passion of the founder of Western Asset Reserve. With a lifetime of experience in the acquisition and sale of these prized collectibles brought to Western Asset Reserve, it is able to locate and present to its customers significant values.
Well acquired coins and stamps have always been excellent investments which have wheathered all economic conditions. For example, the PCGS300 coin index maintained by PCGS (Professional Coin Grading Service) began in 1970 and contains a basket of 3000 popular US coins and started at a value of $1,000. The present value has recently passed $70,000 for that same basket of coins. That's 70 times and there seems to be no end I sight. We doubt your house has gone up 70 times in value since 1970. Similar growth has been seen in the stamp market. The reason for this is that as the population ages the number of collectors grows. But, they only made so many of a particular coin or stamp, and no more will be made. This has a strong effect on value with older issues which were produced in lower quantities when the population was much lower. Fixed supply with growing demand means lots of growth potential! | | | | Hover over thumbnails below to enlarge the photographs: | | | | | | | Asset File#: COI-1743 | | | Asset Category: Coins & Stamps | | | Asset Title: 1780 Masachussetts $1 Note | | | Shipping & Handling: Standard Shipping - see Shipping Policy below | | | Buyer's Premium: 18% | |
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| | |  | | | To cover the costs associated with this live auction, a buyer's premium of 18% of the winning bid amount or $5, whichever is greater, is required. Shipping and handling fees will be added separately to each bidder's invoice and will vary depending on the items purchased (see below). | |  | | | Payment of the winning bid amount, buyer's premium and shipping/handling charge must be made within 5 days of bid closure in the form of credit card payment, cashier's check or money order. For bidders with credit cards on file, payment will be taken upon completion of the auction. | |  | | WE ARE LOCATED IN HAWAII, AS SUCH SHIPPING TIMES AND COSTS WILL BE GREATER. WE ALSO HANDLE THE SALE OF SEVERAL HUNDRED LOTS IN ONE DAY, AS SUCH SHIPPING TIMES WILL BE GREATER THAN SINGLE LOT SELLERS.
Our shipping and handling fees are computed and invoiced as follows for US mainland and Hawaii destinations:
Flat Rate USPS Envelope – for all items fitting into a flat rate envelope - $4.80 + $3 per item for packing and handling + delivery confirmation (or registry if required by our insurer) + insurance.
Flat Rate USPS Box – for all items fitting into a flat rate box - $9.80 + $3 per item for packing and handling + delivery confirmation (or registry if required by our insurer) + insurance.
Flat Rate USPS Large Box – for all items fitting into a large flat rate box - $12.95 + $3 per item for packing and handling + delivery confirmation (or registry if required by our insurer) + insurance.
Higher value shipments require postal registry or express mail at additional cost based upon our insurance coverage at additional cost.
Oversized Items Not Fitting Into Flat Rate USPS Mailers – Shipping, handling, packing, crating, insurance, delivery confirmation and registry will be billed and paid for by the Bidder at the ESTIMATED amount stated in the lot listing. Upon actual shipment, any excess will be refunded to the Bidder. In the event of a shortage, the balance will be invoiced and shipment will be held until paid by the Bidder. Packing and handling charges vary on oversized items depending on combined items, size, weight and any customized packing required. WAR reserves the right to engage third party packing services in its sole discretion and at Bidder's expense to pack and ship oversized items.
Shipments to Alaska, US Territories and Foreign Countries – Shipping and handling charges to these locations are higher and often require registry or express mail. Bidder may contact WAR in advance for an ESTIMATE of the charges to such locations.
BY BIDDING, THE BIDDER AGREES TO OUR SHIPPING AND HANDLING CHARGES, WHETHER KNOWN OR NOT TO BIDDER AT THE TIME OF BID. BIDDER ALSO AGREES TO LEAVE ONLY POSITIVE FEEDBACK AND HIGH RATINGS FOR OUR SHIPPING AND HANDLING TIME AND CHARGES WHEN THEY ARE CONSISTENT WITH WHAT IS DISCLOSED IN THE LISTING.
Our responsibility for damage to or loss of the lot ends once it has been turned over to the USPS, UPS or other shipping company for delivery. By bidding, the winning Bidder agrees that any and all claims for loss or damage to the lot will be handled solely through the insurance claims process or the carrier.
We ship within 15 days after full, cleared payment by the Buyer. BY BIDDING, THE WINNING BIDDER HEREBY AGREES TO OUR SHIPPING TIME AND COST. Although we like to hear from you, please refrain from contacting WAR with shipping status requests until 3 weeks after your full payment has cleared, as such requests delay us in shipping, listing additional lots and handling other customer matters that were not already agreed to in advance. | |  | | Western Asset Reserve strives to provide excellence in customer care.
| Email: info@westernassetreserve.com | Snail Mail: PO Box 1421 Kapaa, Hawaii 96746 | | | Voicemail (Hawaii Std. Time): 1-888-265-5547 | Fax: 1-888-801-9167 |
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| | | |  | | | | | | | We believe, to the best of our knowledge that the information presented in this listing has come from reliable sources: it is presented solely for the convenience of the purchaser. We make no warranties of any kind related to the information presented in this listing. We further make no warranties, either express or implied, relating to the value, marketability or condition of the item described in this listing. Prospective bidders should investigate an item before bidding. By bidding you indicate to us that you have investigated the item to your satisfaction, or, that you have chosen not to do so, and agree to accept the item that you are bidding on with no objections after the sale closes. If you are uncertain please contact us with your questions prior to bidding. If you are still uncertain after we reply, please refrain from bidding. BID WITH CONFIDENCE AND BUY FROM WESTERN ASSET RESERVE, ONE OF AMERICA'S LEADING ACQUIRERS AND RESELLERS OF INVESTMENT GRADE ASSETS. | | | | |
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