1) Each lot will be sold to the highest bidder unless the reserve or starting price is not met. Bids may be submitted in person or by mail, phone, fax, email, or live on the Internet until each lot is closed during the live session. We cannot be responsible for errors in bidding or the loss or delay of any bids that do not reach us by the closing date and time. All bids are in U.S. dollars.
2) Winning bids will be reduced automatically to the next increment above the second-highest bid. In the case of tie bids, the earliest bidder will win the lot. Bidders are advised to provide allowable percentage increases to avoid losing lots due to a tie.
3) A winning bid is considered a formal contract between the buyer and the consignor. The winning bidder, by submitting his bid, agrees to purchase the lot(s) he has won and further agrees to pay the Buyer's Premium and any shipping, sales tax, customs duties, or other surcharges involved in delivering the lot(s) to the buyer. Winning bidders will be notified as soon as possible after the sale with an invoice reflecting the total amount due and shall remit payment within two weeks of notification. If payment has not been received after two weeks, we reserve the right to re-open the lot(s) to second- and third- (etc.) highest bidders. Title to each lot does not pass until the item has been paid in full. Any late payments (one month past invoice date) will be assessed an accrued interest charge of 1½% per month.
4) Unless other arrangements are made, all lots will be sent to winning bidders via U.S. Mail when the invoice has been paid in full. All domestic shipments will carry full insurance, but foreign shipments are made at the buyer's risk (insurance available in some cases).
5) A Buyer's Premium of 18% will be added to the winning bid for the total purchase price before any applicable tax or surcharges. Winning bidders who pay by cash, check, money order, wire transfer or direct deposit are eligible for a reduction of the Buyer's Premium by 3% (net 15%).
6) Acceptable forms of payment are cash, check, money order, wire transfer, direct deposit, PayPal, Visa/MC, American Express and Discover. All payments by check or money order should be made payable to Daniel Frank Sedwick, LLC. Payments by PayPal should be made to auction@sedwickcoins.com. All payments shall be in U.S. dollars drawn on a U.S. bank.
7) New bidders who do not have established credit with us must supply references and/or a 25% deposit. Credit cards are acceptable in lieu of a deposit. If your bids are unsuccessful, your deposit will be refunded, but if you are a winning bidder, your deposit will be applied to your purchase unless other arrangements are made. Any bidders with an overdue balance with Daniel Frank Sedwick or Daniel Frank Sedwick, LLC must complete payment of their previous balance before their bids will be accepted.
8) You may opt for “either/or” and/or “total budget” bids on your bid sheet. “Either/or” bids are used when you want just one (or whatever number you specify) of two or more lots but it does not matter which of those lots you get. “Total budget” bids are used when you are bidding on more lots than you expect to win and do not wish to spend more than a specified amount. Both options are subject to a minimum of $5,000 total in bids and “either/or” bids are additionally subject to a minimum of $100 per lot (below that, bidders should bid live on the Internet instead).These options are not available for live Internet bidders.
9) Most lots are unreserved, but some lots do have a reserve or minimum bid assigned by the consignor. Any reserve will be at or below the stated low estimate and starting price. All estimates are given in U.S. dollars.
10) As an active dealer, Daniel Frank Sedwick, LLC is able to estimate a reasonably low wholesale level for each lot and reserves the right to reject any bids below this level. Furthermore we reserve the right to reject any bids that we have reason to believe are not submitted in good faith.
11) All items are guaranteed genuine and as described. Returns will NOT be accepted UNLESS there was an error in the listing. Note that grading and estimation of corrosion are subjective and differences of opinion cannot be considered errors. Disputes as to authenticity shall be resolved by submission to NGC or PCGS. Any returns must be agreed upon BEFORE return shipment to us, and any applicable refunds will be made immediately upon receipt of the returned item(s). All returns must be submitted to us in unaltered condition no later than one month after the sale. Any refunds for returns paid for by credit card will be subject to a 3% return fee.
12) Lots may be inspected at our private office in Winter Park by appointment only during our office hours of Monday through Friday, 10 a.m. to 4 p.m. High-quality photos of all items are viewable on our website 24 hours a day, 7 days a week.
13) For any won lots that are sent to a Florida address, Florida sales tax (6% to 7.5%, depending on your county) will be added to all purchases of items that are NOT coins or bullion. Coins and bullion are also taxed if the total coin and/or bullion purchase is less than $500.
14) The winning bidder pays for all costs of shipping or delivery of his lots. In some cases special delivery must be arranged between the consignor and the winning bidder. There are no surcharges for packing or handling in this sale.
15) This auction is conducted in accordance with the auction laws of the State of Florida. The licensed auctioneer is Daniel Frank Sedwick, AU#3635, AB#2592.