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MAILBID AUCTION #40E Closing Date and Time: Thursday June 10, 2010 9:00 PM Mountain Time TERMS of SALE

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MAILBID AUCTION #40E Closing Date and Time: Thursday June 10, 2010 9:00 PM Mountain Time TERMS of SALE MAILBID AUCTION #40E Closing Date and Time: Thursday June 10, 2010 9:00 PM Mountain Time TERMS OF SALE 1. All bids are per lot as numbered in this catalog. 2. All bids are strictly cash (cash, check, money order, bank draft, bank wire or approved credit card) in U.S. dol- lars. See Term #10 for credit cards terms. All checks must be written in US dollars on a US Bank. We no longer accept payment via Paypal. Bidders are responsible for any and all bank charges for bank wires etc. 3. Mailbids sales are not approval sales. The bidder must assume responsibility to pay for all lots bid on. Lots may be returned for reason of authenticity or improper description only within 3 days of receipt. Lots examined prior to the sale may not be returned for any reason except authenticity. Late payers forfeit any return privileges. 4. All materials are guaranteed genuine, unless noted otherwise. 5. Bid sheets must be signed. 6. We reserve the right to reject any bid. 7. Title does not pass until lots are paid for in full. 8. Postage, insurance & handling are extra. A minimum of $5 per shipment will be charged. 9. In some cases we may have duplicate lots of identical description and these may be substituted to under bidders. 10. Mastercard, Visa, Discover and American Express are accepted for payment. However an additional 3% is charged for use of said card in auctions and mailbid sales. Please note if you use a credit card and are a new customer, we must be able to confirm your billing address. For those of you overseas this may be difficult so we ask that you include a numismatic reference. 11. Digital photos, scans, black & white or color copies are available for most single lots in the sale. Photos, scans and black and white copies are $1 per item, while color copies are $2 per side. Payable in advance, please. In most cases digital images sent via email are free. Please do not wait until the last week to ask us for these. 12. All lots with 6 or more items are sold as is and are not returnable. 13. Invoices are due and payable upon receipt of invoices, unless arrangements are made prior to the closing of the sale. Late payers forfeit any rights of return. All invoices over 30 days overdue are subject to an interest charge of 1 1/2% per month. 14. There is a $25 charge for bad checks. 15. In case of tie bids, the earliest bid received will win the lot. 16. Phone, fax, mail and email bids are accepted, however phone bids, should be confirmed in writing. All email bids will be confirmed by a return email, otherwise no confirmation will be sent unless you ask us to. 17. Estimates are just that, estimates. Lots may and do, sell for above and below estimate. Please bid what the lot is worth to you. High bids will be reduced to 5 to 10% over the 2nd high bid when possible. 18. Bidders are responsible for errors in bidding, please check your bid sheet carefully. 19. There are no buyer’s fees in our sales. 20. All overseas packages will be shipped via registered or express mail at buyer’s risk. 21. Bidders not known to us must provide us with satisfactory credit references or pay a 25% deposit. 22. Prices realized will be published after the sale and will be mailed to all consignors, subscribers and competi- tive bidders. Others may receive a copy for $5 or check our website. 23. Slabbed (Encapsulated) coins graded and certified by PCGS, NGC, ICG or ANACS may not be returned for grading reasons. 24. The minimum acceptable bid on any lot is at least 60% of the estimate. In some cases a reserve may be high- er than that, but it will never be higher than the estimate. We have made every effort to make the estimates real- istic and conservative. In addition no bids on coins and medals of precious metal lots will be accepted that are below the melt value of the item. For our auction purposes we are defining precious metals as being of silver, gold, platinum or palladium. The price of gold as we write this is $1182 per troy ounce and silver is more than $18.75 per troy ounce. As you are well aware the markets are in a state of turmoil and these prices will probably be different when you read this and then again different when the sale closes. If viewing the catalog online is sufficient for you, please let us know so that we can cut down on the number of catalogs that we have printed and mailed out. If you are an active competitive bidder and wish to con- tinue to receive printed catalogs we, of course, are more than happy to continue sending them to you. But please note we will be reducing our mailing list significantly before our next auction. i A FEW WORDS ABOUT THE PRODUCTION OF THIS CATALOG This catalog has been very difficult for us to get ready for the printer. Computer and/or software glitches, misplaced coins, photos “lost” somewhere, getting sick hours after my annual physical examination when my doctor said I was healthy and then our dog getting sick and waking Rita up 5 times two nights in a row. Perhaps taking a week off to see a new grandson in the middle of writing the catalog and then almost a week to get back into the swing of things had something to do with it. We had planned the first week off, we were not prepared for the second. Suffice it to say that we have missed two deadlines and we are working our fingers off to make the third deadline. Because of these problems some of the images that should be in the printed catalog will not appear. We hope to have most of the others ready for our on-line catalog but if a photo of an item that you want to see an image of is not there, please let us know and we will try to send you an image. Usually if an * precedes the Lot # it means there is a photograph. In this catalog that might not be the case. We would like to thank a trio of new volunteer proofreaders who have helped make this catalog readable and caught mistake after mistake. I doubt if they knew what they were getting into. Chuck Mitton and Chuck Mattson are long time friends who have helped with the mailing for years while Alan Hurford is someone I knew through emails. They help was invaluable. Nevertheless mistakes will occur and for those we accept respon- sibility. BIDDING IN OUR MAILBID SALE We will stop taking bids after 9:00 PM Mountain time on June 10th, 2010 as soon as our phone and/or Fax stops ringing for 10 minutes. Please do not wait until the last minute and get shut out. In every sale a number of bidders can not get through on the last night. No matter when you call, you cannot be guaranteed to be the last bidder because the sale will extend for at least 10 minutes after your call. But once it is over we will not answer the phone. If time is running late and the phone is busy, I strong- ly suggest sending us an email or a fax with your bid or bids. We suggest you bid above estimate if you want an item as high bids will be reduced. Our bid sheets offer several bidding options that can save you money, opti- mize your bids and see that you get the lots that you really want. If you are unsure of how to use these options, please give us a call and we will be more than happy to explain them to you. Please keep in mind that in some cases there may be unpublished reserves set either by the consignor or the cataloger and no bids of less than 60% of estimate are considered. In some cases the reserve is higher than 60% of estimate but in no cases is it more than the estimate.We do not have a call back service, but after placing your bid you may contact us as many times as you like to check on your bids. And we take seriously the commitment to reduce bids. We do not reveal the high bid of any lot, but if you have placed a bid on a lot, you may contact us after your bid has been placed and we will tell you if you are the high bidder. Usually well over 1/3 of all successful bids are reduced and over 75% of successful bid- ders have at least one of their winning bids reduced. We believe that the best strategy to being a successful bidder is placing your bids early and not waiting until the last minute. And because we reduce the high bid to no more than 10% over the 2nd high bid whenever possible we think it makes sense to send in your bid early with the con- fidence that your bid will be reduced if at all possible. It’s a successful auction when everybody is satisfied with the results; the consignors, the bidders and the auction- eers. ii NO BUYER'S FEE There has been quite a bit of discussion lately about companies that charge what some say are excessive buyer’s fees.
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