Robert E. Lippert Terms of Sale


BUYERS COMMISSION - 15% OF SALES PRICE!


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ABBREVIATIONS AND CONDITION DESCRIPTIONS

* - Unused; ** - Never hinged; o - Used; PH - Photo; BL - Block; o.g. - original gum; nh - never hinged; s.e. - straight edge; p - proof; e - essay; S - Specimen; f - fine; CV - cover.
SUPERB - Perfection, mathematically centered. A term not used unless absolutely warranted.
EXTREMELY FINE - is Superb by most standards. Very slight deviation from Superb.
VERY FINE - Well centered for the stamp and fine in every respect.
FINE - A sound copy - design not cut by perforations.
VERY GOOD - Sound copy, design cut slightly by perforations.
GOOD - Sound copy - average off centering. No major defects.
DEFECTIVE - All stamps which are defective have defects accurately described, except in large collection lots where overall condition is usually described.
HINGING - All stamps are hinged unless listed as n.h.
O.G. - Original Gum is not to be expected on unused stamps before 1890 unless so stated. Stamps after 1890 can be expected to have original gum unless otherwise described.

TERMS OF SALE

BUYERS COMMISSION - 15% OF SALES PRICE!

1. All Bids are per lot as numbered in the catalog. The right is reserved to withdraw any lot prior to sale, to divide a lot, or to group two or more lots.
2. The highest bidder shall prevail. Should any dispute arise between bidders, the decision of the auctioneer as to the successful bidder and the reoffering or resale of the lot under dispute shall rest entirely on the judgement of the auctioneer. The auctioneer shall regulate the bidding and reserves the right to refuse any bid believed by him not to be made in good faith.
3. FLOOR BIDDERS. The name and address of the buyer of each lot shall be given to the auctioneer immediately following the sale of such lot. Payment of the whole purchase price shall be made immediately following the sale unless special arrangements have been made.
4. MAIL BIDDERS. A successful mail bidder will be notified of lots purchased and must remit before the lots are sent. Delivery to a successful mail bidder will be to the address on the bid sheet. A person known to us, may at our option, have the lots forwarded for immediate payment. A charge will be made for postage, insurance and handling. Proof, by the auctioneer, of receipt of a sending at the advised address shall constitute delivery. All buyers are expected to pay for lots immediately upon receipt, unless special arrangements have been made prior to the sale.
5. Title shall not pass to the buyer until payment is received by Robert E. Lippert. If for any cause whatever, any item sold cannot be delivered, or cannot be delivered in as good condition as the same may have been at the time of sale, the sale will be canceled, and any amount that may have been paid on account of the sale will be returned to the purchaser.
6. Successful bidders agree to pay for lots as specified above and no credit is extended. A late payment charge of 1«% per month is imposed on overdue payments. This is 18% per year. All legal fees and or collection charges will be payable by the purchaser.
7. Each lot is sold as genuine and correctly described. Buyers may request an extension of time for expertization by a competent authority mutually acceptable to Robert E. Lippert when the following conditions are met: A) The lot must be paid for in full. B) Requests for extension must be made within 30 days of the date of the auction. All expertization expenses will be borne by the buyer, execpt when the lot is not pronounced as described, Robert E. Lippert will be responsible for expertization charges up to a maximum of $75.00. In the event of an adverse opinion a full refund will be promptly made. Proof of the inability of a "Mutually accepted authority" to express a definite opinion is not grounds for the return of a lot.
8. Any lot, description of which is incorrect, is returnable (A) within 5 days of receipt, and (B) if received by Robert E. Lippert within 4 weeks from the date of the auction. All disputed lots must be returned intact in the condition received. No adjustments. The following lots are not returnable: lots containing ten or more items; lots from purchasers who had the opportunity to examine them before the auction; stamps described with defects or faults or of a quality standard of "very good" or below; stamps, on account of appearance or centering, when illustrated; lots offered "as is".
9. The Michigan Sales Tax is payable by buyers liable to tax.
10. The placing of a bid shall constitute acceptance of the foregoing conditions of sale.
11. All agents will be financially responsible for the purchases of those people they represent.
12. RETURNS - If the occasion should arise to return an auction lot for refund, PLEASE send by registered or insured mail only. CERTIFIED MAIL offers no protection in case of loss.

ROBERT E. LIPPERT


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