Rich Penn Collector Auction session 4 of 4

1. Ownership title passes on the fall of the auctioneer's gavel. There-after, the property is at the sole risk of the buyer. Neither the seller nor the auctioneers shall be responsible for loss or any damage to any article due to theft, fire, breakage or any other cause whatsoever, how ever occasioned. If an article sold cannot be delivered by reason of theft, breakage, or other damage prior to check-out, the sale shall be deemed canceled without any liability on the part of the auction company. 2. All property is sold As Is-Where Is and neither we nor the consignor make any guarantees, warranties or representations, expressed or implied, in regard to the property or the correctness of the brochure or other description of the authenticity of authorship, physical condition, size, quality, rarity, importance, provenance, exhibitions, literature or historic relevance of the property or otherwise. No statement anywhere, whether oral or written, shall be deemed such a guarantee, warranty or representation. Grading or condition is subjective. The buyer is responsible for examining grade and condition to their own satisfaction. Do that before you bid. Absolutely item returns on the basis of Grade/Condition. Buyers shall rely on their own inspection and judgement. On coins, opinions on grade have been offered by third party experts. Those grading opinions are identified where offered. If you have any questions regarding lots, call between Monday and Wednesday of auction week, lots will be unpacked then. If you are unsure about a lot, for any reason, DO NOT BID. No items may be returned for any reason. 3. On-line bidders are subject to a 23% buyers premium, discounted to 20% for cash or approved check. 4. All bids to be per lot as numbered at the sale site unless otherwise mentioned by the auctioneer. 5. Bidders are required to register and give full photo identification and a credit card prior to the beginning of the sale and are required to use the number issued to them when identifying themselves as the successful bidder. Online bidders MUST complete registration on Live- Auctioneers. Without registrations complete and approved, you will be unable to bid. Register early to make certain you?re approved to bid. Links to those platforms are at www.RichPennAuctions.com. 6. Full payment of each purchaser's account must be received at the end of the auction sale or upon check-out. All sales are strictly for cash in United States dollars; including U.S. currency, bank wire, cashier checks, travelers checks, and bank money orders. Funds must be received in Auctioneer's account before delivery of any merchandise; and all payments are subject to a clearing period. Auctioneer reserves the right to determine if a check constitutes good funds. Checks drawn on a U.S. bank are subject to a hold until funds are cleared, unless other arrangements have been made with the auction company prior to the auction sale. When paying by check, check must be accompanied by current bank letter of credit. 7. Online bidders must provide a credit card at registration. Unless other payment arrangements are made, purchases can be charged to that card. But you must contact the auction house within 72 hours from auction close to approve that use. If credit cards are used, no charge-backs are allowed for any reason. If any check given in payment is not honored for any reason (including but not limited to N.S.F., stop payment order, or the like) you agree whether the check is signed by you as the maker or endorser, if such check, or any action for non payment for any reason is placed with an attorney for collection, to pay reasonable attorney?s fees incurred, with all costs of suit in event suit is instituted. 8. The highest bidder will be declared the buyer. In all cases of a disputed bid the lot shall be resold, but the auctioneer will use his judgment as to the good faith of all claims. His decision is final. 9. All merchandise purchased on site must be packed, transported and/or removed by the purchaser at his own risk immediately after the close of the sale, unless other arrangements have been made for storage and shipping. If any employee or agent of Rich Penn Auctions shall pack or transport the merchandise, it is fully at the risk, responsibility and expense of the purchaser, and Rich Penn Auctions shall not be held liable for any loss, damage or other dispute that may be caused by said agent or employee. All items not removed after close of sale will be moved and stored by Rich Penn Auctions or their agents. Fees, rates and any insurance will be charged accordingly to the purchaser. If you fail to make storage or shipping arrangements or to pick up your merchandise within 30 days, you forfeit the merchandise to the auction company. 10. Rich Penn Auctions can handle all your shipping needs for both large and small items. You can find estimated packing and handling charges for standard size packages on our web site, RichPennAuctions.com. Click on the current auction link, then on the shipping information link. This information is also included with catalog registration material. Where appropriate, lots can be combined for shipping. Contact the Auctioneer for estimates on shipping larger items that might require special handling or shipping arrangements. 11. This is a privately owned and operated auction. We reserve the right to refuse admittance to any person, or eject from the auction site anyone selling or attempting to sell their own merchandise. 12. Bidding on merchandise automatically constitutes agreement with these provisions. 13. No transfer will be recognized from one buyer to another. Please watch over your children; you are responsible for any damage you or they may cause. 14. All auction sales will be subject to the laws of the State of Iowa. Any disputes that might arise from this auction must be brought to Iowa for determination.