Champion Macau Auction

1. This auction sale is conducted pursuant to the terms of sale by CHAMPION LEILAO AUCTION 2. Each bidder, by bidding in the sale agrees that a 25% BUYER'S CHARGE for online bids and 20% for other bids will be added to the winning bid of each lot. The BUYER'S FEE will be added to the invoice of each successful bidder over and above the actual sum bid or offered. Auction sales are strictly for cash and must be paid for promptly in U.S. funds. 3. All estimates are in US Dollars. All bids should be made to the nearest Multiple of US $5 or US $10. 4. All lots will be sold to the highest bidder. 5. We reserve the right to refuse or reject any bids. 6. All lots are put up for sale subject to any reserve price that may be imposed by the seller. The seller could be entitled to bid and withdraw any lot or lots either personally or though the sales firm. 7. In the event of identical mail bids for the same lot, the lot will be awarded to the first bid received. 8. Successful bidders will be notified and sent an invoice for the lots awarded to them. Postage and insurance will be added to all invoices ($5 minimum). All lots will be sent via registered air. The insurance and risk of loss for all lots shipped outside of Macau are the responsibility of the successful bidder. It is agreed by bidding in this sale that CHAMPION will not he held responsible if the lots are lost in the mails. For all mail bidders, at the time the items are turned over to the postal service, RISK OF LOSS IS ON THE BUYER. 9. CHAMPION is not responsible for your errors in bidding. PLEASE CHECK YOUR BID SHEET AND BID ON THE CORRECT LOT. 10. All bidders are required to established credit references or submit a deposit of 25% of their bids. The deposit will be applied to purchases, and any overage will be refunded. CHAMPION reserves the right to require payment in full before delivering lots to a successful bidder. 11. Auction sales are not approval sales. You must assume the responsibility for paying for all lots that are successfully awarded to you. All purchases shall be paid in full within Three (3) days of the sale date. The sales firm reserves the right to charge interest on any overdue payment at the rate of two-and-half percent (2 1/2%) per month. No lots may be returned by mail bidders without our written permission. Requests for returns must be made within three days after the receipt of the lot(s). Late remittance for any reason is just cause to negate all return privileges. If a lot is to be returned, it must be housed in the original, completely intact, sealed holder. 12. Lots are sold with all faults, imperfections and errors of description. Neither the sale firm nor the seller shall give any warranty to any buyer in respect of any lot, or be liable for any fault or error of description, or a lack of genuineness or authenticity of any lot. 13. Except as otherwise expressly stated in the terms of the sale, CHAMPION and its agents and employees make no warranties or guaranties or representations, and expressly disclaim all warranties and guaranties and representations, including, without limitation, a warranty of merchantability, in connection with any numismatic properties sold by CHAMPION. 14. All oral and written statements made by CHAMPION are statements of opinion only, and are not warranties or representation of any kind, unless stated as a specific written warranty. The sales firm reserves the right in forming his opinion, to consult and rely upon any expert or authority considered by him to be reliable. If any lot should be proved by the buyer to be a forgery or re-print, or to have been wrongly described in any material respect, the buyer may reject the same, provided that he shall have given notice of his intention to do so and shall have returned the same lot the auctioneer within (14) days from the day of sale. Under no circumstances will the sales firm be liable for any costs, expenses or damages incurred by the buyer in respect of any lot, including, but not limited to, loss of any kind of profits whatsoever. Bidders are advised to scrutinize the lots they bid for. 15. CHAMPION - HICC assumes no risk, liability or responsibility for the material (or other) facts stated concerning the numismatic item, except as specified herein. 16. In these conditions, the sales firm means CHAMPION . IMPORTANT ITEMS: On September 1, 2019, the United States enacted new tariffs on collector items of Chinese origin, including bullion and numismatic coins and banknotes. This lot was manufactured in China and was sourced from outside the United States for this auction after the tariffs were enacted. Accordingly, any client who wishes to take delivery of this item within the United States will be subject to any current import tariff plus a processing fee of 0.3464% (minimum $26.79/ maximum $ 519.76), at time of printing and subject to change. (If any additional tariff, it needs to be paid by buyer.) Please note, this is not, and is not intended to be, a complete description of the applicable import tariffs and buyer remains fully liable for and agrees to promptly pay all tariffs and fees relating to the import of these items into the United States and neither the auctioneer nor any consignor will have any responsibility to pay any applicable tariffs of fees. Please consult your tax adviser with any questions. Furthermore, any lots subject to an import tariff will be shipped directly from our Macau offices and shipments to the United States will be subject to our international shipping chart.