SOLD
85.00USD+ buyer's premium + applicable fees & taxes.
This item SOLD at 2013 May 17 @ 15:35UTC-7 : PDT/MST
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ILKHAN: Ghazan II, 1356-1357, AR 6 dirhams (2.01g) (Qumm), AH(758), A-2273, probably from the small hoard purchased originally by Steve Album in Tehran in 1965, about 40% flat strike, Fine, RR.
Auction Location:
P.O. Box 7386, Santa Rosa, California, 95407, United States
Previewing Details:
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California sales tax of 8.75% will apply to all deliveries inside California which total under $1,500 unless a valid resale card is on file before lots are shipped.
Taxes:
| Tax | Rate | Desc. |
| CA |
8.75% |
California Sales Tax |
Buyer's Premiums:
| From (Incl.) | To (Excl.) | Premium |
| 0.00 |
Infinite |
18% |
Additional Fees:
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***Please be advised that payments coming by wire
transfer usually only take a few days to arrive, but in
rare cases they can take up to a few weeks to arrive,
resulting in a delay of shipment of your lots. Lots
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(1) Auction Basics
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A Buyer`s Premium of eighteen percent (18%) will be added to the hammer price for each lot to all successful bids. Accepted payments are by Visa, MasterCard, American Express, PayPal, cash, cashier's check, money order, approved personal check or bank wire transfer. If the purchaser pays by "cash equivalent" then the buyer`s premium will be discounted to fifteen percent (15%). "Cash equivalent" is defined as paying by cash, cashier's check, money order, approved personal check or bank wire transfer. A reacquisition charge may apply to Consignors pursuant to a separate agreement, which may be higher or lower than the Buyer`s Premium. Payment is delinquent and in default if not received in full, in good funds, within fourteen (14) calendar days of the Auction (the "Default Date"), without exception, time being of the essence, unless otherwise agreed in writing prior to the Auction. All auction sales are payable strictly in immediately available good U.S. funds, through a bank in the United States. Personal checks must clear our bank before lots are delivered. Please contact Stephen Album Rare Coins Inc. for wiring instructions. Please inform us after bank wire has been sent. Please be advised that payments coming by wire transfer usually only take a few days to arrive, but in rare cases they can take up to a few weeks to arrive due to US government regulating, resulting in a delay of shipment of your lots. Lots will not be shipped until your full payment has arrived in our bank account. There is a $30 fee for all bank wire transfers. Stephen Album Rare Coins Inc. reserves the right not to release lots for which funds have not yet been received in full. On any past due accounts, Stephen Album Rare Coins Inc. reserves the right, without notice, to extend credit and impose carrying charges of 1% per month. Buyers agree to pay reasonable attorney's fees and cost incurred to collect past due accounts. Buyers personally and unconditionally guarantee payment in full of all amounts owed to Stephen Album Rare Coins Inc. Any person submitting bids on behalf of a corporation or other entity, by making such bid, agrees to be personally liable for the payment of the purchase price and any related charges and the performance of all Buyer obligations under these Terms of Sale and Stephen Album Rare Coins Inc. reserves the right to require a written guarantee of such payments and obligations.
(5) Credit
Bidders who have not established credit with Stephen Album Rare Coins Inc. must furnish satisfactory credit references and/or deposit at least twenty-five percent (25%) of their total bids for that Auction session(s) or such other amount as Stephen Album Rare Coins Inc. may, in its sole and absolute discretion, require before any bids from such Bidder will be accepted. Deposits submitted will be applied to purchases. Any remaining deposits will be promptly refunded, upon clearance of funds.
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(7) Financial Responsibility
In the event any applicable conditions of these Terms of Sale herein are not complied with by a Buyer or if the Buyer fails to make payment in full by the Default Date, Stephen Album Rare Coins Inc. reserves the right, in its sole discretion, in addition to all other remedies which it may have at law or in equity, to: (a) rescind the sale of that lot or any other lot or lots sold to the defaulting Buyer, retaining all payments made by Buyer as liquidated damages, it being recognized that actual damages may be speculative or difficult to compute, or (b) resell a portion or all of the lots held by Stephen Album Rare Coins Inc., in a commercially reasonable manner, which may include a public or private sale, in a quantity sufficient in the opinion of Stephen Album Rare Coins Inc. to satisfy the indebtedness, plus all accrued charges, and Stephen Album Rare Coins Inc. may charge a seller?s commission that is commercially reasonable. More than one such sale may take place at the option of Stephen Album Rare Coins Inc. If the Auctioneer resells the lots, Buyer agrees to pay for the reasonable cost of such sale, together with any incidental costs of sale, including reasonable attorney's fees and costs, cataloguing and any other reasonable charges. Notice of the sale shall be by U.S.P.S. Certified Mail, Return Receipt Requested to the address utilized on the Bid Sheet, Auction Consignment and Security Agreement or other last known address by Stephen Album Rare Coins Inc. The proceeds shall be applied first to the satisfaction of any damages occasioned by Buyer`s breach, then to any other indebtedness owed to Stephen Album Rare Coins Inc., including without limitation, commissions, handling charges, carrying charges, the expenses of both sales, reasonable attorneys' fees, costs, collection agency fees and costs and any other costs or expenses incurred. Buyer shall also be liable to Stephen Album Rare Coins Inc. for any deficiency if the proceeds of such sale or sales are insufficient to cover such amounts. Buyer grants to Stephen Album Rare Coins Inc., or assignees, the right to offset any sums due, or fund to be due to Stephen Album Rare Coins Inc., and to make such offset from any past, current, or future consignment, or purchases that are in the possession or control of the Auctioneer or from any sums due to Buyer by Stephen Album Rare Coins Inc., its affiliates and assignees. In addition, defaulting Buyers will be deemed to have granted to Stephen Album Rare Coins Inc., or its assignees, a security interest in: (x) the purchased lots and their proceeds, and (y) such sums or other items and their proceeds, in the possession of Stephen Album Rare Coins Inc., its affiliates or assignees, to secure all indebtedness due to Stephen Album Rare Coins Inc., plus all accrued expenses, carrying charges, attorney fees, and costs, until the indebtedness is paid in full. Buyer grants Stephen Album Rare Coins Inc. the right to file a UCC-1 financing statement for such items, and to assign such interest to any affiliated or related company or any third party deemed appropriate by Stephen Album Rare Coins Inc. If the auction invoice is not paid for in full by the Default Date, a carrying charge of one percent (1%) per month may be imposed on the unpaid amount until it is paid in full. In the event this interest rate exceeds the interest permitted by law, the same shall be adjusted to the maximum rate permitted by law, and any amount paid in excess thereof shall be allocated to principal. Buyer agrees to pay all reasonable attorney's fees, court costs and other collection costs incurred by Stephen Album Rare Coins Inc. or any affiliated or related company to collect past due invoices or to interpret or enforce the terms hereof or in any action or proceeding arising out of or related to the Auction. Stephen Album Rare Coins Inc. reserves the right to assign its interest to any third party. To the extent that the Buyer for any lot consists of more than one person or entity, each such person or entity is jointly and severally liable for all obligations of the Buyer, regardless of the title or capacity of such person or entity. Stephen Album Rare Coins Inc. shall have all the rights of a secured party under the California Uniform Commercial Code and all rights of the consignor to collect amounts due from the Buyer, whether at law or equity.
(8) Disclaimer and Warranties. a) Coins listed in this catalog graded by PCGS, NGC or ANACS cachet or any other third party grading service or examined by the buyer prior to the auction sale may not be returned for any reason whatsoever by any Buyer, except for claims related to authenticity. b) For non-certified coins that have not been examined by the Buyer prior to the Auction: if it is determined in a review by the Auctioneer that there is a material error in the catalog description of a non-certified coin or the coin is not authentic, such lot may be returned, provided written notice is received by the Auctioneer no later than seventy-two (72) hours of delivery of the lots in question, and such lots are returned and received by Stephen Album Rare Coins Inc., in their original, containers, no later than fourteen (14) calendar days after delivery, in the same condition the lot(s) were delivered to the Buyer, time being of the essence. c) If an item or items are returned pursuant to the terms herein, they must be housed in their original container. Late remittance or removal of any item from its original container, or altering a coin constitutes just cause for revocation of all return privileges. d) Grading or condition of rare coins may have a material effect on the value of the item(s) purchased, and the opinion of others (including independent grading services) may differ with the independent grading services opinion or interpretation of the Auctioneer. Auctioneer shall not be bound by any prior, or subsequent opinion, determination or certification by any independent grading service. e) All oral and written statements made by Stephen Album Rare Coins Inc. and its employees (including affiliated and related companies) are statements of opinion only, and are not warranties or representations of any kind, unless stated as a specific written warranty, and no employee or agent of Stephen Album Rare Coins Inc. has authority to vary or alter these Terms and Conditions of Auction. Any alteration shall be effective only if in writing and signed by an officer of Stephen Album Rare Coins Inc. authorized to do so. Stephen Album Rare Coins Inc. reserves the right to vary or alter the Terms of Sale, either generally or with respect to specific persons or circumstances, in its sole discretion. Any variation or alteration shall be effective only if in writing and signed by an officer of Stephen Album Rare Coins Inc. authorized to do so. f) Bidders shall have no recourse against the Consignor for any reason whatsoever. g) Bidder acknowledges that the rare coin market is speculative, unregulated and volatile, and that coin prices may rise or fall over time. Stephen Album Rare Coins Inc. does not guarantee that any customer buying for investment purposes will be able to sell for a profit in the future. h) Bidder acknowledges and agrees that neither Stephen Album Rare Coins Inc., nor its employees, affiliates, agents, third-party providers or consignors warrant that auctions will be unimpaired, uninterrupted or error free and accordingly shall not be held liable for such events.
(9) Waiver and Release
Bidder, for himself, his heirs, agents, successors and assignees, generally and specifically waives and releases, and forever discharges Stephen Album Rare Coins Inc., and its respective affiliates, parents, shareholders, agents, subsidiaries, employees, members of their respective boards of directors, and each of them, and their respective successors and assignees from any and all claims, rights, demands and causes of actions and suits, of whatever kind or nature, including but not limited to claims based upon Auctioneer?s negligence, whether in law or equity, whether known or unknown, suspected or unsuspected (a "Claim"), which Bidder may assert with respect to and/or arising out of, or in connection with any challenge to the title to or authenticity of any goods purchased, the sale itself, any lot bid upon or consigned, and/or the auction, except where such Claim is otherwise expressly authorized in these Terms of Sale. It is the intention of Bidder that this waiver and release shall be effective as a bar to each and every Claim that may arise hereunder or be related to the Auction, and Bidder hereby knowingly and voluntarily waives any and all rights and benefits otherwise conferred upon him by the provisions of Section 1542 of the California Civil Code, which reads in full as follows: "A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER MUST HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR."
(10) Disputes
If a dispute arises concerning ownership of a lot or concerning proceeds of any sale, Stephen Album Rare Coins Inc. reserves the right to commence a statutory inter-pleader proceeding at the expense of the Consignor and Buyer and any other applicable party, and in such event shall be entitled to its reasonable attorneys' fees and costs. Stephen Album Rare Coins Inc. reserves the right to cancel or postpone the Auction or any session thereof for any reason whatsoever. No Bidder shall have any claim as a result thereof, including for incidental or consequential damages. Neither Stephen Album Rare Coins Inc. nor any affiliated or related company shall be responsible for incidental or consequential damages arising out of any failure of the Terms of Sale, the auction or the conduct thereof and in no event shall such liability exceed the purchase price, premium, or fees paid. Rights granted to Bidders under the within Terms and Conditions of Auction are personal and apply only to the Bidder who initially purchases the lot(s) from Stephen Album Rare Coins Inc.. The rights may not be assigned or transferred to any other person or entity, whether by sale of the lot(s), operation of law or otherwise. Any attempt to assign or transfer any such rights shall be absolutely void and unenforceable. No third party may rely on any benefit or right conferred by these Terms and Conditions of Auction.
(11) General Terms
These Terms and Conditions of Auction and the auction shall be construed and enforced in accordance with, and governed by, the laws of the State of California, regardless of the location of the Auction. Any dispute arising out of or related to these Terms of Sale, the Auction or any lot, with the sole exception of actions by Stephen Album Rare Coins Inc. to collect amounts owed to it and other damages, shall be submitted to binding arbitration pursuant to the rules of the International Association of Professional Numismatists (I.A.P.N.). Bidder acknowledges and agrees that the competent courts of the State of California shall have exclusive jurisdiction, subject to the requirement to arbitrate, over any dispute(s) arising hereunder, regardless of any party's current or future residence or domicile. Bidder further agrees that venue of the arbitration proceeding shall be in Sonoma County, California; and any court proceeding shall be in the Sonoma County Superior Court, in the State of California. Bidder agrees that any arbitration or legal action with respect to this Auction is barred unless commenced within one (1) year of the date of this Auction. These Terms of Sale and the information on our website constitute the entire agreement between the parties hereto on the subject matter hereof and supersede all other agreements, understandings, warranties and representations concerning the subject matter hereof. If any section of these Terms of Auction or any term or provision of any section is held to be invalid, void, or unenforceable by any court of competent jurisdiction, the remaining sections or terms and provisions of a section shall continue in full force and effect without being impaired or invalidated in any way. Stephen Album Rare Coins Inc. may at its sole and absolute discretion, make loans or advances to Consignors and/or Bidders.
(12) Special Services.
If you wish to limit your total expenditures, please fill in the maximum amount you wish to spend on your bid sheet. This is a personal service and a Stephen Album Rare Coins Inc. representative will personally attend to your bid sheet by bidding from the auction book, buying lots for your account until your authorized expenditure is reached. While we will do our best in your behalf, due to the speed of the auction sale and the sometimes crowded conditions, we cannot be responsible for failure to execute such a bid properly. We invite you to take advantage of the optional 10% to 30% increase to help your chance of being a successful bidder. Check the appropriate place on your bid sheet. Stephen Album Rare Coins Inc. auctions are not approval sales. Bidding in this auction sale constitutes unconditional acceptance by the Bidder of the foregoing terms of sale.