Page 9 - SINCONA Auction 66 - World Gold and Silver Coins and Medals, SINCONA Bullion Auction, World Banknotes

9. In principle, the auction lots are only handed over or shipped fund of the purchase price and the premium paid by the buyer
after full payment of the auction invoice. It is at the sole discre- (including any VAT). Further or other claims of the buyer
tion of the Auctioneer to hand over lots on account. Costs in- against SINCONA AG or its employees are excluded under any
curred abroad, such as customs duties and taxes, as well as the legal title whatsoever.
associated shipping costs and insurance charges, are borne solely
by the buyer. 16. The names of the consignor and the buyer are not normally
disclosed. The Auctioneer is entitled to exercise all rights of the
Shipping to the Russian Federation, Ukraine, Belarus and Bel- consignor against the buyer arising from the contractual relation-
gium is expressly made subject to the recipient's own risk. ship in its own name.
10. The auction item remains the property of the consignor until the 17. The place of fulfillment and the exclusive place of jurisdiction is
auction invoice has been paid in full. Zurich 8001, Switzerland. In addition, Swiss cantonal and federal
laws apply. The auction and all related legal transactions are sub-
11. Compliance with foreign customs and exchange regulations etc. ject exclusively to Swiss law.
is the responsibility of the buyer. The Auctioneer expressly dis-
claims responsibility for any consequences that may arise from 18. Should one or more terms of these auction conditions be or
contravention of such regulations. become ineffective and/or incomplete, the ineffective and/or in-
complete term shall be replaced by a legally valid term that
12. The lots to be auctioned are described to the best of our comes as close as possible to the ineffective and/or incomplete
knowledge and belief and with great care. Bidders have the op- term. The invalidity and/or incompleteness of one term shall not
portunity to inform themselves about the condition of the lots, in affect the validity of the remaining terms. If the auction condi-
person or through a representative, during the viewing days listed tions are available in several languages, the original German text
in the catalog.
shall always be authoritative for the interpretation.
Justified complaints regarding the condition of the auctioned Zurich, in September 2020
item must be received by SINCONA AG by registered letter.
Claims due to disagreement about the level of conservation of a
lot are not accepted. Lots which contain more than one piece are
excluded from claims of any kind.
SINCONA AG does not warrant that the state of preservation
presented in the catalogue will be accepted after the sale by a
grading institute (such as PCGS or NGC) should the lot be certi-
fied by them.
13. The authenticity of the auction items is guaranteed. The right to
claim warranty is granted to the buyer only and cannot be as-
signed to third parties. The assertion of the warranty claim re-
quires the buyer to give notice of defect to SINCONA AG by
registered letter immediately after discovery of the defect and the
forged auction item must be returned to SINCONA AG in the
same condition as it was handed over to the buyer, unencum-
bered by third party claims. The buyer must, at his own expense,
provide proof that the auction item is a forgery. SINCONA AG
may require the buyer to seek the opinion of two independent
experts recognized in the field, at the buyer's own expense; how-
ever, SINCONA AG is not bound by such opinion and reserves
the right to seek additional expert advice at its own expense.
14. Coins and medals certified as authentic at the time of the auction
by grading institutes (such as NGC or PCGS) and encased in so-
called « slabs », release SINCONA AG from liability of any kind
for authenticity in the sense of paragraph 13 above. SINCONA
AG will also not be held liable for hidden defects of coins and
medals covered by the slab or not recognized by the grading in-
stitute.
15. Justified claims of the buyer against SINCONA AG concerning
the condition or falsity of the auction item are limited to the re-