Terms of Sale

1.        All bids are subject to a 15% buyer’s premium which will be added to the auction sale prices as part of the total purchase price.

2.        All bids are per lot as numbered in the catalogue.  The right is reserved to withdraw any lot prior to the sale, or to group two or more lots (belonging to the same owner).

3.        The highest bidder shall prevail (at 1 advanced over the second highest bidder).  Should any dispute arise between bidders, the decision of the Auctioneer as to the successful bidder and the reoffering or resale of the lot under dispute shall rest entirely in the Auctioneer’s judgment.  The Auctioneer shall regulate the bidding, and reserves the right to refuse any bids believed to be neither made in good faith, nor commensurate with its value.

4.        Floor Bidders shall bid by numbered card, submitting their name and address on the card provided.  Payment of the total purchase price shall be made immediately following the sale.  Special credit arrangements must be made prior to the sale and shall be at the Auctioneer’s discretion.

5.        Mail Bidders shall be notifies of the lots purchased and must remit before lots are sent.  Clients with established credit, known to us, may, at our option, have lots forwarded for immediate payment (plus shipping, handling and insurance charges).  Title shall not pass to the buyer until payment is received by Colonial Stamp Company.  In fairness to all bidders, written bids shall be binding with respect to accuracy. (Please recheck your bid sheet.)

6.        Successful bidders agree to pay for lots as specified above; a late payment charge of 2% per month will be imposed on overdue accounts, with a minimum charge of $10.00.

7.        Each lot is sold as genuine but if in the opinion of an authority acceptable to Colonial Stamp Company, and the purchaser, the lot is declared otherwise, the purchase price will be refunded in full, provided the lot is received by Colonial Stamp Company within four weeks of the date of the auction.  Lots accompanied by a certificate shall form the basis on which the lots are offered.   Requests for any additional certificates will be declined.  We require that extension requests be placed when bids are submitted.  Cost of certification will paid against adverse opinions.  Inability of the designated authority to express a definite opinion shall not be grounds for a lot’s return.  Extension lots are to be paid for at the time of purchase, subject to expertization.

8.        Any lot, description of which is incorrect is returnable within 10 days of receipt, and must be returned intact by registered or insured mail.

Lots not returnable:                    a) Lots containing 10 or more items.

                                                        b) Lots viewed by floor bidders or their agents.

c) Stamps described as is or with defects or faults or of a quality of VG (Very Good)

    or below.

d) Photographed lots on account of appearance (centering or perforations).

9.        The placing of a bid shall constitute the acceptance of the foregoing conditions of sale.  The sales tax is payable by all buyers liable for tax.

10.     Bidders outside the United States, we respectfully request a charge card for best exchange rates.

11.     We reserve the right to publish all names of defaulters and overdue accounts.

Symbols & Abbreviations & Conditions

Catalogues in Usage

Catalogue values and numbers are from Scott - current "Scott Classic Specialized", SG – current "Stanley Gibbons Catalogue", MI – current "Michel Catalogue", Canada Specialized – Unitrade Catalogue of Specialized Canada Stamps, other catalogues used will be specifically mentioned.  All foreign catalogue price quotations have been converted to US funds based on the prevailing rate of exchange as of the date the lot was written up; this accounts for slight monetary fluctuations.

Bidding Increments