Summer Auction #12

1. Bidding, purchasing and/or consigning items at Bullion Shark Auction constitutes acceptance by users of all terms of auction stated herein (“Terms of Auction”). 2. You represent and warrant that all certified coins have been graded and certified by one of the leading independent grading companies: PCGS, NGC, ANACS or ICG. Grading of rare coins is subjective and may differ among independent grading services and among numismatists, even though grading has a material effect on the value of the coins. Bullion Shark is not responsible for the grades assigned and makes no warranty or representation and shall have no liability regarding such grades. 3. Items are available for bid and for direct sale. All photographs posted on Bullion Shark’s Website are typically of the actual items being sold but may not be the actual size or to scale. From time to time an image of a coin might be a stock photo, however the coin you will receive will be the same quality as represented. All photographs remain the property of Bullion Shark and are usually available for publication when credit is given. All requests for using Bullion Shark images should be sent via e-mail to [auctions@bullionsharks.com]. Bullion Shark reserves the right to withdraw any lot prior to the end of the auction, regardless of bids being received. In the sole discretion of Bullion Shark, we reserve the right to delay the end time, suspend, postpone or cancel auctions or direct purchase items, without liability of any kind whatsoever to consignors or bidders, including if there is/was an error in the listing, whether made by Bullion Shark or not. In most cases, Bullion Shark will post notification of any such action on the Website as soon as reasonably feasible. For certain buy now items, the photo is representative, and the certification number may vary, but will be identical in all other respects. 4. Reserves. Bullion Shark does not offer coins with hidden reserves. All items offered have opening or minimum bids, which is the lowest amount acceptable to the consignor and/or Bullion Shark. 5. Registration Process. A bidder must register and provide personal information to Bullion Shark in order to bid and must be over 18 years of age. Bullion Shark may refuse, reject or cancel any bid or purchase from any specific bidder without giving notice or reason to bidder. 6. Auctions – Bidding Process. You may bid any amount on any lot providing the bid is at least the next incremental bid displayed on the lot information page. The website software will award the winning bidder at one bid increment above the second highest bidder, providing the minimum bid has been met. In the case of tied bids, preference will be given to the earlier bid received. Bids may not be canceled once they are placed. If you have questions about the bidding process, please call [516-739-5822]. ]. 7. Auction Winnings, Buy Now and Invoicing. Once you win an auction, the item will appear in your Bullion Shark Auction Portal Invoicing System and it will be billed on the credit card you provided. At this time, you can add other items (Buy Now - Fixed Price items) or wait for additional auctions to end, or you can check out and pay for your invoice immediately. Price Buyers’ fees are as follows: -12.5% for auctions paid by credit card/paypal, up to $10,000 allowed on credit card/paypal -Minimum buyer fee of $5 This fee is paid by all bidders, regardless of affiliation or status as a dealer. Fixed price listings do not attract a Buyers' Fee. Shipping Fees will be added to your invoice according to our standard Shipping Fees, which are currently as follows: SHIPPING FEES Flat rate of $9.99 unless over $10,000 -Under $250 ships USPS first class mail -Over $250 ships USPS first class mail with signature confirmation -$500 plus ships USPS priority mail with signature -$10,000 plus ships FedEx ground with signature - $29.95 8. Sales Tax. Sales tax will be collected by Bullion Shark as required under applicable state law. 9. Payments by Bidder. We welcome payment by Paypal, Visa, MasterCard, American Express and Discover (Credit Card/PayPal payments are limited for invoices under US$10,000 only). Payments are due within seven days of the auction end or your commit to purchase using Buy Now. If you are unable to make payment within seven days, please contact Bullion Shark to try and make alternative arrangements. For new clients and/or large transactions, Bullion Shark may request full or part payment by wire or hold shipments until payments can be verified. Bullion Shark may also ask for industry and/or banking references. If Bullion Shark cannot verify payment within seven days, Bullion reserves the right to cancel the transaction. 10. Non-Payment by Bidder. Bidders personally and unconditionally guarantee all payments that are or become owed to Bullion Shark. In the event the bidder/buyer fails to make payment when due, Bullion Shark reserves the right to rescind the sale or to resell the lots in another auction or private sale. Buyer agrees to pay for all costs associated with reselling the items, including the standard commission rates charged to Consignors by Bullion Shark. Any shortfall will become immediately due to Bullion Shark by buyer, together with any attorney costs, collection fees and interest. Bidder grants Bullion Shark the right to offset any sum due from any past, current, or future consignment or purchases that are in the possession or control of Bullion Shark or any related company. All overdue invoices attract an interest charge of 1.5% per month until invoice is paid in full (unless this rate exceeds the maximum permissible by law, in which case any amount paid in excess will be applied to the principal). To the extent that the winning bidder 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 bidder, regardless of the title or capacity of such person or entity. There is a $30 fee for returned checks. Bullion Shark reserves the right to assign its interest to any third party. 11. Shipping. Items will be shipped to the address on file, which you need to confirm when paying online after each invoice. Bullion Shark ships using a variety of shipping companies based on insurance levels, cost and service, and in general, you will need to sign for your package. Bullion Shark provides limited insurance coverage for loss, theft or damage of coins while in its possession and for shipments it makes to bidder in an amount as determined by Bullion Shark’s insurer. In the case of shipping auction and Buy Now purchases to bidder, the insurance coverage will be for the full purchase price of the coin(s) listed on an official Bullion Shark invoice. Bullion Shark makes no warranty or representation regarding the adequacy of insurance coverage it provides which is solely as an accommodation to the parties. Any claim by bidder for loss or damage (1) shall be limited to such insurance as is provided by Bullion Shark, and (2) must be made in writing to Bullion Shark no later than thirty (30) days from Bullion Shark ship date. In the event of a claim, bidder must comply with all insurance and U.S. Postal Service requirements. 12. Return Policy. Bullion Shark offers a generous return policy (unless otherwise marked on the item information page) as a courtesy to buyers, providing the item is paid for within seven days of the auction date (or in the case of a Buy Now item, when you confirmed to purchase the item) and no request to delay shipment is made by buyer. Certified coins must be in the original sealed grading service holders. To return an item, the buyer must notify Bullion Shark within 24 hours of receipt and receive a return confirmation number. Please mail the coin via Insured Mail to Bullion Shark within 72 hours of receipt of coin. Original and return shipping costs are not refunded. Returns will not be accepted without the return confirmation number. Registered bidders are allowed one free return each month. For more than one return in a calendar month, a 5% fee will apply, based on the total purchase price of the item. Bidders found to be abusing our return policy will be notified in writing that they will no longer have any return policy privileges whatsoever. If you viewed the item prior to winning the auction or offered the coin for sale to any dealer, collector and/or marketplace, there is no return privilege. 13. We reserve the right to include in any auction or for direct sale coins or other items that we have an interest in, whether direct or indirect. 14. NO WARRANTY, EXPRESSED OR IMPLIED, INCLUDING ANY WARRANTY OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE, IS MADE IN RESPECT TO ANY AUCTIONED ITEM EXCEPT FOR WARRANTY OF TITLE. IN THE CASE OF TITLE, BULLION SHARK IS SELLING ONLY THAT RIGHT OR TITLE TO THE ITEM THAT THE CONSIGNOR MAY HAVE AS OF THE AUCTION SALE DATE. ALL ITEMS ARE SOLD "AS IS" AND WITH ALL FAULTS. PURCHASER HEREBY ASSUMES ALL RISKS CONCERNING AND RELATED TO THE GRADING, QUALITY, DESCRIPTION, CONDITION, AUTHENTICITY, AND PROVENANCE OF AN ITEM. 15. Users of Bullion Shark’s Services, whether bidder or Consignor, acknowledge that the rare coin market is speculative, volatile and unregulated, and that coin prices may rise or fall over time. Bullion Shark does not offer investment advice and does not guarantee that items will be able to be sold for a profit in the future. 16. The section of the Terms of Use labeled “Binding Arbitration” shall apply to any dispute arising out of an auction transaction by Bullion Shark. 17. Bullion Shark reserves the right to amend these Terms of Auction from time to time. The current Terms of Auction will always be posted online at [www.bullionsharks.com or auctions.bullionsharks.com].