TERMS AND CONDITIONS
This is a mail, email, phone/fax and Internet auction sale. All bids are per lot.
ALL BIDDERS agree and accept and comply with all terms and conditions outlined in this auction. Auctioneer assumes all bidders have fully read and understand terms and conditions outlined below.
HOW TO BID
You may send us your bids by email, mail, fax, phone or you can bid on our website, either up to 1 week prior to the sale or by bidding online during the live session. Bidders may register in any of the following ways; by Internet registration, by mail or fax or Email, a full bid sheet or telephone bid must be completed and received by auctioneer by 5 pm the day prior to the auction.
The opening bid for all lots will commence at 10% above the second highest bid received or the consignor's reserve (whichever is higher). All mail bids received prior to the live auction will be lowered whenever possible (so don't be afraid to put down your maximum bid!!) All lots will be started at either the consignor's reserve or 50% of the estimate. Key Date and higher graded material generally will command a closing price close to or above the estimated price. If you place a bid of about 80% of the estimate you should have a good chance of winning the lot, while a bid of 100% of the estimate you will likely win the lot. All prices are in Canadian Funds. Bidding in this auction will be in Canadian Funds. Mail bids received from USA customers will be converted to CDN funds using the rate on the auction's date. All decisions by the Auctioneer are final and are made at the sole discretion of the Auctioneer. Colonial Acres Auctions is acting as an agent between the Consignors and the winning buyer. We the Auctioneer disclaims all responsibility and liabilities that may be connected to the sale of any items within our Auction. By agreeing to these terms you the bidder agrees to accept any damages, and or losses that may come from the purchase of an item in this sale.
NO Unlimited Bids or Buy Bids are accepted. The estimates given are taken from Charlton catalogues, Canadian Coin News, E-Bay sales, Canadian Coin News trends, Canadian Dealer Newsletter retail prices, Krause publications, and ICCS Cornwell, NGC, PCGS Census.
Colonial Acres Auctions will attempt to represent all items to the best of their knowledge. We cannot be held responsible for our opinion provided to you in this auction or the opinion of any third party grading services represented in this Auction. Grading is subjective to personal opinions, in many cases Third party grading services will be represented in our auction, these grades may differ from professional opinions, and thus we assume that all bidders have fully viewed the items in the auction and accept the condition represented prior to bidding. We cannot accept responsibility and waive all liability resulting in financial losses, and or incidentals accruing from the sale of any items, nor can we guarantee that items graded by third party services will grade the same if submitted to a different grading service or re-submitted to the same company. Returns of items will not be accepted.
In the event of an Identical Bid, the Auctioneer will give the winning bid to the first bid received.
In the case of multiple Mail bids or other non-floor Bids, the Auctioneer with open the live bidding to the floor at 10% above the highest received bid to the floor. In cases where no previous bids have been received the Auctioneer reserves the right to open the lot at a value to their discretion, typically 50% of the estimate is used in cases where no pre-set reserve price has been set by the consignor and Auctioneer. Any bids placed by a consignor and or an agent representing you on your own consignments are still subject to the full buyer’s premiums and commission rates agreed by you and the auctioneer.
All Bidders are held responsible for their own bids, any errors in calculations and or lots numbers is considered a final bid.
Please double check your calculations and lot numbers before signing and submitting bid sheets to us. In the case of a discrepancy between bids after the hammer has fallen, all decisions made by the auctioneer are final and not negotiable, though in some cases that deemed necessary a lot may be re-opened and if you were the previous high bidder you may need to bid again to win the lot.
BUYER’S PREMIUM AND TAXES
All bidders agree to pay the following Buyer’s Premiums otherwise known as the "Hammer Fees" that is applied to all winning bids.
*Note: Regular buyer’s premium will apply for the following types of payments received: Cash, Certified Cheque, Debit Card, Wire Transfers, E-transfers, or wire transfer into our CIBC Account 1358502, Transfer #06052.
We do accept PayPal or Credit Card as payment, but there will be an extra 3% surcharge added to the buyer's premium.
Type of Bids:
- Internet Bids/Phone/Mail/Email/Fax: 18%
- With Credit Card: 21%
No taxes will be charged for items delivered outside of Canada. Taxes will be applied for all Canadian residents for applicable items. All bidders agree to pay the rates outlined below:
13% HST is applied for all residents from ON, 15% NB, NFLD, NS & PEI. 5% GST is applied for all other Provinces. AB, BC, MB, NWT, NU, QC, SK, YK
ALL LOTS MUST BE PAID FOR IN FULL PRIOR TO SHIPPING. All bidders agree to make payments in full in Canadian Funds as per the invoiced amount at the conclusion of the auction. All Purchases made in US Funds will be accepted at the day’s posted exchange rates.
No Items will be released or delivered to any bidder until payment is received in full. The Auctioneer reserves the right to request up to 25% deposits prior to bidding on certain lots deemed necessary by the sole discretion of the Auctioneer. Any deposited collected that cannot be applied to winning bids will be refunded back to the bidder within 48 hours of the conclusion of the auction.
We cannot be held responsible or liable for refunds that are delayed by banking institutions. If you require special payment conditions these must be presented to the Auctioneer and accepted prior to bidding.
Bidders will automatically be banned from participating in any future auctions if payment exceeds 15 days from the conclusion of the auction. Customers with outstanding invoices will be unable to participate in any future auctions until payment has been made.
All bidders and or agents registered on behalf of a bidder authorize the auctioneer to bill the credit card registered with the auction event for the full amount of all purchases made by a registered bidding account. The bidder and or Agents agree that any deposits made will be forfeited and applied to the amount owing.
ACCEPTED PAYMENT METHODS
- Money Order/Bank Draft
- Personal Cheque/Check
- Wire Transfer
- Electronic Bill Payment – Scotiabank, CIBC, Royal Bank or BMO Customers
You can save the additional 3% fee for using Credit card or PayPal fee on your invoice if you would like to pay by one of the following methods: Cash( in store), Debit (in store), Cheque, Money Order, and E-Transfer, Wire Transfer or Bill Payment.
All personal cheques must clear our bank before we ship your order. Cheque clearing can take up to 10 business days. Please contact us if you would like to pay with Credit Card, have us send you a PayPal money request, or to have your invoice total adjusted based on your payment methods.
For e-Transfer Payments please send the payment to; [email protected] and use the password colonialtransfer.
Cheques/Money Orders can be sent to:
Colonial Acres Coins
991 Victoria Street North
Kitchener, Ontario, Canada
For customer who would like to use the bill payment option please contacts us for your account number. Once you have attained your account number follow these simple steps: log into your account, go to the bill payment option, the click on Add Payee, search “Colonial Acres”, type in your account number and add us to your payee list. Once added simply follow the instructions on your screen to process your payment.
SHIPPING AND DUTIES:
Pick up and Shipping will be calculated and added onto the final invoice. Final invoices will be emailed to purchasers within 12 hours of the auction ending./
You may pick-up lots from the auction event once payment has been received and approved, as well you may make arrangements to pick your auction lots at Colonial Acres in Kitchener up to 7 days after the auction has concluded.
Please call or email ahead to make arrangements to have your auction lots ready or if you have selected Pick-Up when you sign up for the auction. You will be contacted by email within 2-3 business days when your order is ready. Please do not come in until you receive this email.
All shipments will be shipped with tracking and signature where available. Shipments outside of Canada; duties and delivery are the sole responsibility of the purchaser.
We will not combine any Colonial Acres website orders with auction orders for shipping, nor will we hold or combine auction orders. This process slows down our shipping and processing times.
Delivery within Canada typically takes 7 -10-business days from receipt of Payment. USA can take up to 10-15 business days. International shipping generally can take 4-10 weeks (please allow up to 12 weeks to ship to Australia or New Zealand using surface package, or contact the store to arrange for Express post – additional fees will apply).
All International Orders must be shipped with a tracking number and will be a minimum of $50.00 shipping cost, but can exceed this amount depending on the weight of the package. We will contact you with the correct shipping cost.
Returns will only be accepted by the auctioneer in the case of an error in our listing, and or a misattributed item (NO RETURNS on bulk lots or any lot that contains more than 6 items).
All returns must be received back within 7 days of receiving your winning lots. Returned lots must be in all original packaging and condition as sold in auction, any items that have been opened or altered in any way will be void any return privileges. Auction Premiums are non-refundable on all returns or cancelled items.
Any disputes regarding lots that are not brought to the auctioneer's attention within 28 days will forfeit all rights to return your items under any circumstances.
All floor bids are deemed as final and no returns will be accepted under no circumstances to a floor bidder, or his/hers agents representing your bid.
In the event of an unexpected power failure and or internet service failure that cannot be resolved in a timely manner, or in the event of extreme weather or acts of God outside the control of the auctioneer. We the auctioneer have the sole right to end the Auction event at any time for any reasons deemed reasonable by the auctioneer.
The Auctioneer reserves the right to make any amendments to the Terms of sale by either a verbal announcement at the time of the auction event or by a posted message on the auction website. The Auctioneer will exercise to the best of their power to insure all items being sold in the auction are described and photographed to the best of their knowledge.
We cannot be held responsible for errors or omissions that may occur in either the Catalogue, internet or verbal statements.