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STAMPS COINS BANKNOTES MEDALS BONDS & SHARES AUTOGRAPHS BOOKSWINE & SPIRITS HANDBAGS COLLECTIONS ADVISORY SERVICES SPECIAL COMMISSIONS

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21055 cover.qxp_Layout 1 26/03/2021 10:24

21055 cover.qxp_Layout 1 26/03/2021 10:24

Your Specialists for this Sale

DRS. JOANNE AND EDWARD DAUERCOLLECTION OF ENGLISH BANKNOTES

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Sale Details | Wednesday 28 April 2021 at 11.00 a.m.

When sending commission bids or making enquiries,

this sale should be referred to as DAUER - 21055

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Monday 26 April 2021 at 10.00 a.m. – 5.00 p.m.

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3

DRS. JOANNE AND EDWARD DAUER COLLECTION OF ENGLISH BANKNOTES

Foreword

Joanne C. Dauer was born in DuBois, Pennsylvania and attended Penn State University where she earned undergraduate and graduate degrees in nursing. After working as a surgical nurse in Miami she received her training as a critical care nurse at Mt. Sinai Medical Center on Miami Beach. She was certified by the American Association of Critical Care Nurses from 1986-1995 and worked as a surgical intensive care nurse in the post-operative cardiovascular intensive care unit.

She was associate administrator of Florida Medical Center, a 459 bed hospital in Ft. Lauderdale from 1982-1993 and currently serves as executive director of Florida Medical Services. She earned her Doctorate of Nurse Practice degree at the University of Miami in December, 2013. Joanne is currently a faculty member at the University of Miami School of Nursing and Health Studies and teaches nursing students in the clinical simulation laboratory.

Dr. Edward Dauer attended the University of Miami in Coral Gables, Florida and earned an undergraduate degree in electrical engineering, a graduate degree in biomedical engineering, and a M.D. degree from the School of Medicine. He is board certified in diagnostic radiology and has served as director of radiology at Florida Medical Center from 1979 to 2020.

In 1988, he was appointed a member of the Florida State Board of Medicine by the governor and confirmed by the senate. During his eleven years on the board, he served two terms as chairman. The Board of Medicine licenses physicians to practice medicine, disciplines physicians when there is a violation of the state statutes, and writes the rules governing the practice of medicine.

Dr. Dauer has been a member of the University of Miami Board of Trustees since 1996 and is also a full-time faculty member with the title of clinical professor of biomedical engineering, radiology, and family medicine. He is the director of the scanning electron microscope laboratory and specializes in tissue engineering and artificial internal organs. He teaches and is a researcher in electron microscopy, radiation biology, radiation physics, and physiology.

He recently served as one of the fifteen scientists on a committee from the National Academies of Science, Engineering, and Medicine studying the safety of millimeter wave scanners currently in use by the TSA at over 150 airports in the United States and co-authored the findings which were published in January 2018.

Drs. Joanne and Edward Dauer have spent a lifetime collecting banknotes from around the world, specializing in U.S. and British Commonwealth banknotes. They hope this will be an opportunity to allow other collectors to treasure and enjoy these beautiful and historical notes. A fellow collector once told them that we are only custodians of great collections in our lifetime. This is now the opportunity for other collectors to enjoy and share in their hobby.

Joanne and EdwardBank of England, Peppiatt, £1000

3


WEDNESDAY 28 APRIL 2021Commencing at 11.00 a.m. (Lot 1-34)

All lots are subject to the Terms and Conditions for Buyers printed at the back of this catalogue and published on www.spink.com.

The estimated selling price of each lot is printed below the lot description and does not include the Buyer’s Premium. Bidders should bear in mind that estimates are prepared well in advance of the sale and are not definitive.

They are subject to revision.

Please note that you can bid on Spink Live in real time through www.spink.com and via a SpinkLive app available for download from the App Store. Bidding via Spink Live is free of charge.

We will not accept return of lots that have been authenticated by the third party grading company. Any disputes will need to be settled between the buyer and the respective company.

TREASURY SERIES 1-18

BANK OF ENGLAND 19-34

28 April, 2021 - LONDON

5

TREASURY SERIES

JOHN BRADBURY

A SUPERB CONSECUTIVE TRIO

x1Treasury Series, John Bradbury (1914-1919), f irst issue £1 (3), ND (7 August 1914), serial number E/21 003746/747/748, black and white, head of George V in vertical panel at left; G above, R below, value in black panel at centre, pound symbol at right, (EPM T3.3, Banknote Yearbook TR10e, Pick 347), in PMG holders 64 EPQ Choice Uncirculated, 58 EPQ Choice About Uncirculated. Very unusual and rare to find three consecutive examples and in excellent grade (3 notes)

£3,000-3,500


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x2Treasury Series, John Bradbury (1914-1919), first issue £1, ND (7 August 1914), serial number HH/33 079423, black and white, head of George V in vertical panel at left; G above, R below, value in black panel at centre, pound symbol at right (EPM T6, Banknote Yearbook TR13a, Pick 347), in PMG holder 35 EPQ Choice Very Fine and a scarce variety

£700-900


7

x3Treasury Series, John Bradbury (1914-1919), first issue 10 shillings, ND (14 August 1914), serial number A/10 373989, red and white, head of George V left centre, value in red panel at centre, denomination at right (EPM T9, Banknote Yearbook TR1a, Pick 346), in PMG holder 35 EPQ Choice Very Fine, a Waterlow printing

£300-350

x4Treasury Series, John Bradbury (1914-1919), second issue £1, ND (23 October 1914), serial number H1/72 72936, black and white, crowned head of George V top left, crowned vignette of Saint George and the dragon top right, value in black tablet at centre, pound symbol low left (EPM T11.2, Banknote Yearbook TR14b, Pick 349a), in PMG holder 30 Very Fine

£180-280


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THREE DARDANELLES ISSUES

x5Treasury Series, John Bradbury (1914-1919), Dardanelles Overprint, second issue £1, ND (21 May 1915), serial number J/52 61478, black and white, crowned head of George V top left, crowned arms top right, value in black panel at centre, value low left, red Arabic overprint PIASTRES SILVER ONE HUNDRED AND TWENTY in two lines at centre (EPM T14, Banknote Yearbook TR15a, Pick 349b), in PMG holder 20 Very Fine

£1,200-1,500


9

x6Treasury Series, John Bradbury (1914-1919), Dardanelles Overprint, second issue £1, ND (21 May 1915), serial number P/51 91886, black and white, crowned head of George V top left, crowned arms top right, value in black panel at centre, value low left, red Arabic overprint PIASTRES SILVER ONE HUNDRED AND TWENTY in two lines at centre, (EPM T14, Banknote Yearbook TR15a, Pick 349b), in PMG holder 25 Very Fine, annotation

£1,200-1,500


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x7Treasury Series, John Bradbury (1914-1919), Dardanelles Overprint, second issue 10 shillings, ND (21 May 1915), serial number Z/20 044244, red and white, crowned head of George V top left, crowned arms top right, value in red panel at centre, denomination low left, red Arabic overprint PIASTRES SILVER SIXTY in two lines at centre, (EPM T15, Banknote Yearbook TR4, Pick 348a), in PMG holder 20 Very Fine, minor tear, scarce

£420-520


11

NORMAN FENWICK WARREN-FISHER

x8Treasury Series, N.F.Warren-Fisher (1919-1928), second issue 10 shillings, ND (6 November 1922), red serial number W/74 160927, green, lilac and white, Britannia at left with Union shield and trident, crowned head of George V in oval frame at right, denomination in lilac central panel, reverse denomination in green central guilloche, (EPM T30, Banknote Yearbook TR8, Pick 358), in PMG holder 66 EPQ Gem Uncirculated and the second highest grade out of 47 notes recorded on PMG population report, an exceptional grade for type

£250-350

x9Treasury Series, N.F.Warren-Fisher (1919-1928), second issue £1, ND (26 February 1923), serial number A1/76 490591, green, brown, lilac and white, St. George and the Dragon at left, crowned head of George V in oval frame at right, value in central panel, reverse brown and white, the Houses of Parliament, (EPM T31, Banknote Yearbook TR18a, Pick 359a), in PMG holder 65 EPQ Choice Uncirculated, high grade for type

£180-280


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x10Treasury Series, N.F.Warren-Fisher (1919-1928), third issue ‘Northern Ireland’, 10 shillings, ND (25 July 1927), red serial number W/9 476844, green, lilac and white, Britannia at left with Union shield and trident, crowned head of George V in oval frame at right, denomination in lilac central panel, reverse denomination in green central guilloche, (EPM T33, Banknote Yearbook TR9, Pick 360), in PMG holder 45 Choice Extremely Fine, scarce

£150-200

x11Treasury Series, N.F.Warren-Fisher (1919-1928), third issue ‘Northern Ireland’, £1, ND (25 July 1927), serial number T1/25 930147, green, brown, lilac and white, St. George and the Dragon at left, crowned head of George V in oval frame at right, value in central panel, reverse brown and white, the Houses of Parliament, (EPM T34, Banknote Yearbook TR19a, Pick 361a), in PMG holder 66 EPQ Gem Uncirculated, second highest grade out of 43 notes on PMG population report

£180-280


13

A WONDERFUL GROUP OF SERIAL NUMBER 000100 TREASURY NOTES

In the first instance the set will be offered individually as lot 12 to 18, and afterwards will be offered as one lot of seven Treasury number 000100 notes at one increment above the total of these individual lots. (Subject to reserve of unsold

lots)Should the combined lot (lot 18G) fail to sell, the lots will revert to the buyer (s) of these individual lots.

x12Treasury Series, John Bradbury (1914-1919), first issue 10 shillings, ND (14 August 1914), serial number A/1 000100, red and white, head of George V left centre, value in red panel at centre, denomination at right, (EPM T9, Banknote Yearbook TR1a, Pick 346), in PMG holder 55 EPQ About Uncirculated, a Waterlow printing, a very rare low serial number

£2,500-3,000


15

x13Treasury Series, John Bradbury (1914-1919), second issue £1, ND (23 October 1914), serial number A/1 000100, black and white, crowned head of George V top left, crowned vignette of Saint George and the dragon top right, value in black tablet at centre, pound symbol low left (EPM T11.1, Banknote Yearbook TR14a, Pick 349a), in PMG holder 64 EPQ Choice Uncirculated, high grade for type and a very rare low serial number

£2,500-3,000


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x14Treasury Series, John Bradbury (1914-1919), second issue 10 shillings, ND (21 January 1915), serial number A/1 000100, red and white, crowned head of George V top left, crowned vignette of Saint George and the dragon top right, value in red tablet at centre, denomination low left (EPM T12.1, Banknote Yearbook TR2, Pick 348a), in PMG holder 64 EPQ Choice Uncirculated, high grade for type and a very rare low serial number

£2,000-2,500


17

x15Treasury Series, John Bradbury (1914-1919), third issue £1, ND (22 January 1917), serial number A/1 000100, green, brown, lilac and white, St. George and the Dragon at left, crowned head of George V in oval frame at right, value in central panel, reverse brown and white, the Houses of Parliament, (EPM T16, Banknote Yearbook TR16a, Pick 351), in PMG holder 58 EPQ Choice About Unc, high grade for type and a very rare low serial number

£1,500-2,000


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x16Treasury Series, John Bradbury (1914-1919), third issue 10 shillings, ND (22 October 1918), serial number A/1 000100, green, brown, lilac and white, St. George and the Dragon at left, crowned head of George V in oval frame at right, value in central panel, reverse brown and white, the Houses of Parliament, (EPM T18, Banknote Yearbook TR5b, Pick 350a), in PMG holder 64 EPQ Choice Uncirculated, a very rare low serial number and the highest grade out of 17 notes on PMG population report

£2,000-2,500


19

x17Treasury Series, John Bradbury (1914-1919), third issue 10 shillings, ND (16 December 1918), red serial number B/1 000100, green, lilac and white, Britannia at left with Union shield and trident, crowned head of George V in oval frame at right, denomination in lilac central panel, reverse denomination in green central guilloche, (EPM T20, Banknote Yearbook TR6b, Pick 350b), in PMG holder 66 EPQ Gem Uncirculated, and a very low serial number and the highest grade out of 22 notes on PMG population report at the time of cataloguing

£2,000-2,500


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x18Treasury Series, N.F.Warren-Fisher (1919-1928), second issue £1, ND (26 February 1923), serial number A1/1 000100, green, brown, lilac and white, St. George and the Dragon at left, crowned head of George V in oval frame at right, value in central panel, reverse brown and white, the Houses of Parliament, (EPM T31, Banknote Yearbook TR18a, Pick 359a), in PMG holder 58 EPQ Choice About Unc, a very rare low serial number

£1,500-2,000


21

The individual prices previously achieved for lot 12 to 18 will be used to set a cumulative reserve above which a clear bid will be requested to

obtain the set of seven serial number 000100 notes.

x18GTreasury Series, a group of 7 serial number 000100 notes, including,

John Bradbury, first issue 10 shillings, ND (14 August 1914), serial number A/1 000100, (EPM T9) John Bradbury, second issue £1, ND (23 October 1914), serial number A/1 000100, (EPM T11.1) John Bradbury, second issue 10 shillings, ND (21 January 1915), serial number A/1 000100, (EPM T12.1) John Bradbury, third issue £1, ND (22 January 1917), serial number A/1 000100, (EPM T16) John Bradbury, third issue £1, ND (22 October 1918), serial number A/1 000100, (EPM T18) John Bradbury, third issue 10 shillings, ND (16 December 1918), red serial number B/1 000100, (EPM T20) N.F.Warren-Fisher, second issue £1, ND (26 February 1923), serial number A1/1 000100, (EPM T31)


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BANK OF ENGLAND

ABRAHAM NEWLAND

x19Bank of England, Abraham Newland (1778-1807), £1, London, 3 June 1802, manuscript serial number 18184, black and white, ornate crowned vignette of Britannia top left, ‘I promise to pay to Abraham Newland or Bearer on demand the sum of One Pound’, value in black tablet low left, manuscript serial number, date, printed ‘Abraham Newland’ in text at centre, two manuscript signatures below, (EPM B200c, Banknote Yearbook BE1, Pick 180), in PMG holder 20 Very Fine, ink burn, exceptional grade for type

£2,500-3,000


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x20Bank of England, Abraham Newland (1778-1807), £1, London, manuscript date 12 June 1804, manuscript serial number 11710, black and white, ornate crowned vignette of Britannia top left, date 1804 below, value in black tablet low left, printed Mr Abraham Newland in text at centre and manuscript signature low left and low right, rectangular border around (EPM B200d, Banknote Yearbook BE1, Pick 184), in PMG holder 20 Very Fine, rare and above average grade for this rare type

£4,000-4,500


25

HENRY HASE

x21Bank of England, Henry Hase (1807-1829), £1, London, 9 September 1809, serial number 12022, black and white, ornate crowned vignette of Britannia top left, value in black tablet low left, ‘pay to Mr Henry Hase’ in text at centre, manuscript signatures of the Cashier, Baxter (EPM B201a, Banknote Yaerbook BE2a, Pick 190a), in PMG holder 20 Very Fine and very rare especially in this grade

£3,000-4,000


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THOMAS RIPPON

A LOVELY £5 OF 1835

x22Bank of England, Thomas Rippon (1829-1835), £5, London, 28 November 1835, serial number 38977, black and white, ornate crowned vignette of Britannia top left, ‘I promise to pay to Thos. Rippon or Bearer on demand the sum of Five Pounds’, value in black tablet low left, printed serial number, date, manuscript signature low right of J. Donald, (EPM B202a, Banknote Yearbook BE4B, Pick 210), in PMG holder 30 Very Fine and a lovely note

£6,000-8,000


27

ERNEST MUSGRAVE HARVEY

x23Bank of England, Ernest Musgrave Harvey (1918-1925), £5, London, 23 September 1921, serial number C/11 45662, black and white, ornate crowned vignette of Britannia top left, value in black tablet low left, printed signature of Ernest Harvey low right (EPM B209a, Banknote Yearbook BE11, Pick 361a), in PMG holder 50 EPQ About Uncirculated, rare in this grade

£320-420

A SUPERB GRADE £10 DATED 1919

x24Bank of England, Ernest Musgrave Harvey (1918-1925), £10, London, 13 May 1919, serial number 63/K 82382, black and white, ornate crowned vignette of Britannia top left, value in black tablet low left, printed signature of Ernest Harvey low right (EPM B209b, Banknote Yearbook BE13, Pick 313a), in PMG holder 65 EPQ Gem Uncirculated, a very high grade for type and the top grade recorded out of 19 on PMG population report, exceptional

£600-700


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A RARE £50 DATED 1923 (THE HIGHEST RECORDED GRADE FOR TYPE)

x25Bank of England, Ernest Musgrave Harvey (1918-1925), £50, London, 15 August, 1923, serial number 27/N 35641, black and white, ornate crowned vignette of Britannia top left, value in black tablet low left, printed signature of Ernest Harvey low right, (EPM B209b, Banknote Yearbook BE17, Pick 313a), in PMG holder 53 EPQ About Uncirculated

£1,200-1,600


29

CYRIL PATRICK MAHON

AN ICONIC PARCHMENT PAIR

x26Bank of England, Cyril Patrick Mahon (1925-1929), a parchment pair comprising 10/- and £1, ND (22 November 1928), serial numbers A01 000028, red and green respectively, Britannia at left, value at right and in tablet at low left, complete with original vellum envelope with title ‘Bank of England 22 November 1928’ (encapsulated with PMG) and plastic slip-cases for the 10 shillings and the £1. Included with a letter from the Bank of England (encapsulated with PMG) signed by Secretary R. Dale to Sir R.V.N. Hopkins, K.C.B. who was the Permanent Secretary to the Treasury from 1942 to 1945, (EPM B212, Banknote Yearbook BE42, Pick 363a), in PMG holders 10/- 65 EPQ Gem Uncirculated, £1 64 EPQ Choice Uncirculated, only 125 sets were made and low numbers are much rarer. The addition of a letter from the Bank also unusual and desirable (2 notes)

£6,500-8,500


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An original letter from The Bank of England and a vellum envelope

BASIL GAGE CATTERNS

x27Bank of England, Basil Gage Catterns (1929-1934), £10, London, 17 January 1931, serial number 186/L 90021, black and white, ornate crowned vignette of Britannia top left, value in black tablet low left, printed signature of Basil Catterns low right, (EPM B229, Banknote Yearbook BE151, Pick 329a), in PMG holder 35 EPQ Choice Very Fine, rare with EPQ

£600-800


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AN EXCEPTIONAL GRADE £50 1930

x28Bank of England, Basil Gage Catterns (1929-1934), £50, London, 20 June 1930, serial number 44/N 46386, black and white, ornate crowned vignette of Britannia top left, value in black tablet low left, printed signature of Basil Catterns low right, (EPM B231, Banknote Yearbook BE251, Pick 331a), in PMG holder 53 About Uncirculated, second highest grade on PMG population report, rare in this grade

£1,500-2,000


33

KENNETH OSWALD PEPPIATT

x29Bank of England, Kenneth Oswald Peppiatt (1934-1948), £5, London, 31 August 1935, serial number A/226 03635, black and white, ornate crowned vignette of Britannia top left, value in black tablet low left, printed signature of Kenneth Peppiatt low right (EPM B241, Banknote Yearbook BE91, Pick 335a), in PMG holder 30 Very Fine

£100-150


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A PAIR OF £100

x30Bank of England, Kenneth Oswald Peppiatt (1934-1949), £100, London, 17 January 1938, serial number 57/O 44000, black and white, ornate crowned vignette of Britannia top left, value in black tablet low left, printed signature of Kenneth Peppiatt low right, (EPM B245, Banknote Yearbook BE277a, Pick 339a), in PMG holder 53 About Uncirculated

£1,500-2,000


35

x31Bank of England, Kenneth Oswald Peppiatt (1934-1949), £100, Liverpool, 29 September 1936, serial number 96/Y 23491, black and white, ornate crowned vignette of Britannia top left, value in black tablet low left, printed signature of Kenneth Peppiatt low right (EPM B245e, Banknote Yearbook BE277b, Pick 339b), in PMG holder 63 Choice Uncirculated, high grade for type, scarce

£1,200-1,600


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A LOVELY LIVERPOOL £500

x32Bank of England, Kenneth Oswald Peppiatt (1934-1949), £500, Liverpool, 30 September 1936, serial number 43/Z 02607, black and white, ornate crowned vignette of Britannia top left, ‘I promise to pay to Bearer on demand the sum of Five Hundred Pounds’ in text at centre, value in black tablet low left, printed serial number, date and signature, (EPM B246e, Banknote Yearbook BE280, Pick 340c), in PMG holder 40 EPQ Extremely Fine, rare high denomination example.

£8,000-10,000


37

AN ICONIC £1000 DATED 1935 WITH EPQ DESIGNATION

x33Bank of England, Kenneth Oswald Peppiatt (1934-1949), £1000, London, 15 October 1935, serial number 12/S 01045, black and white, ornate crowned vignette of Britannia top left, ‘I promise to pay to Bearer on demand the sum of One Thousand Pounds’ in text at centre, value in black tablet low left, printed serial number, date and signature, (EPM B247, Banknote Yearbook BE283, Pick 341), in PMG holder 50 EPQ About Uncirculated, out of all Bank of England £1000 only four are graded by PMG out of which only 2 Peppiatt, this is the only example with an EPQ designation. Iconic and a wonderful example; extremely rare and the sure highlight of any Bank of England collections.

£30,000-32,000


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PERCIVAL SPENCER BEALE

x34Bank of England, Percival Spencer Beale (1949-1955), £5, London, 1 April 1949, serial number M99 081919, black and white, ornate crowned vignette of Britannia top left, value in black tablet low left, printed signature of Percival Beale low right (EPM B270, Banknote Yearbook BE94a, Pick 344), last number for prefix, in PMG holder 65 EPQ Gem Uncirculated, high grade for type

£140-180

END OF AUCTION


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SALE TITLE DATE CODE NAME SALE NO.

Drs. Joanne and Edward Dauer Wednesday 28 April 2021 DAUER 21055Collection of English Banknotes at 11.00 a.m.

I request Spink, without legal obligations of any kind on its part, to bid on the following Lots up to the price given below. I understand that if my bid is successful the Purchase Price will be the sum of the final bid and Buyer’s Premium as a percentage of the final bid, any VAT chargeable, also postage charge and a fee for paying by card.The Rate of Buyer’s Premium is 20% of the final hammer price of each lot. I understand Spink will pursue me for payment for any successful bid. In addition, I understandand consent that Spink may share my personal details relating to the default with other auction houses and live bidding platforms to protect themselves from such defaults.

All bids shall be treated as offers made on the Terms and Conditions for Buyers printed in this catalogue. I also understand that Spink provides the service of executing bidson behalf of clients for the convenience of clients and that Spink will not be held responsible for failing to execute bids. If identical commission bids are received for thesame Lot, the commission bid received first by Spink will take precedence. Please note that you will not be notified if there are higher written bids received.

PLEASE PRINT CLEARLY IN BLOCK LETTERS AND ENSURE THAT BIDS ARE IN STERLING

Lot Number(in numerical order)

Price Bid £(excluding Buyer’s Premium)





NAME ______________________________________________________

ADDRESS ____________________________________________________

____________________________________________________________

____________________________________________________________

POSTCODE ___________________________________________________

Continued ...

TEL. HOME ______________________________________________ TEL. OFFICE ____________________________________________

FAX ____________________________________________________ E-MAIL ________________________________________________

SIGNATURE _______________________________________________ VAT NUMBER ___________________________________________

I agree to receive notifications about Spink auctions, news and events via email and direct mail

I agree to receive marketing notifications related only to the following categories (please select as appropriate)

Autographs / Banknotes / Bonds & Shares / Books / Coins / Comics / Handbags / Jewellery / Maps / Medals / Stamps / Watches /

Whiskies & Spirits / Wine / Corporate News & Events

We will use the personal information you provide to us as set out in our privacy notice available at www.spink.com/privacy-policy

Please hold my purchased lots for collection

YOU CAN ALSO BID IN REAL TIME ON SPINK LIVE.PLEASE DOWNLOAD SPINK LIVE APP FROM THE

APP STORE OR VISIT WWW.SPINK.COM, REGISTER AND LOG INTO THE SALE.

69 Southampton Row, Bloomsbury,London WC1B 4ETtel: +44 (0)20 7563 4108/4103fax: +44 (0)20 7563 4037email: [email protected]

WRITTEN BIDS FORM

This form should be sent or faxed to theSpink auction office in advance of the sale.References for new clients should besupplied in good time to be taken upbefore the sale. Bids received later thanone hour before the start of the sale maynot be processed.


DATE SALE NO.

Wednesday 28 April 2021 21055at 11.00 a.m.

PLEASE PRINT CLEARLY IN BLOCK LETTERS AND ENSURE THAT BIDS ARE IN STERLING

REFERENCES REQUIRED FOR CLIENTS NOT YET KNOWN TO SPINK

TRADE REFERENCES ____________________________________________________________________________________________

BANK REFERENCES _________________________________________________________________________________________________________

VAT is chargeable on the Hammer price and the Buyer’s Premium of daggered (†) and (Ω) lots at the standard rate (currently 20%), and on lotsmarked (x) at the reduced rate (currently 5% on the Hammer price and 20% on the Buyer’s Premium). VAT on Margin Scheme lots (identified bythe absence of any VAT symbol next to the lot number) and investment gold (g) is payable at 20% on the Buyer’s Premium only.VAT may be refunded to non-UK Buyers upon obtaining evidence of export of the lots from the UK within 3 months from the sale date.A refund of VAT charged on Buyer’s Premium of daggered and investment gold lots to non-UK Buyers can be made on receipt of proof of business as a collectibles dealer outside the UK.

All Corporate cards regardless of origin and Consumer debit and credit cards issued outside the EU are subject to a fee of 3%

CARD NO: START DATE: ISSUE NO: SECURITY CODE:

SIGNATURE EXPIRY DATE NAME (ON CREDIT CARD)

TYPE OF CARD: CONSUMER DEBIT CONSUMER DEBIT CONSUMER CREDIT CONSUMER CREDIT ALL CORPORATE(UK OR EU) (NON EU) (UK OR EU) (NON EU)

Please charge all purchases to my card Do not charge my card. (Spink will charge your card should you default on the payment)

BIDDING INCREMENTSBidding generally opens below the low estimate and advances in the following order although theauctioneer may vary the bidding increments during the course of the auction. The normal biddingincrements are:

Up to £100 by £5£100 to £300 by £10£300 to £600 £320-£350-£380-£400 etc.£600 to £1,000 by £50£1,000 to £3,000 by £100

£3,000 to £6,000 £3,200-£3,500-£3,800-£4,000 etc.£6,000 to £10,000 by £500£10,000 to £20,000 by £1,000£20,000 and up Auctioneer’s discretion

SPINK HAS LAUNCHED ITS OWN ONLINE PAYMENT PLATFORM

ALL SPINK WEBSITE USERS CAN NOW PAY ONLINE BY CARD. SIMPLY LOG INTO YOUR SPINK WEBSITE ACCOUNT AND UNDER ‘MYSPINK’ PLEASE

SELECT THE OUTSTANDING INVOICE YOU WOULD LIKE TO SETTLE. FOLLOW THE INSTRUCTIONS PROVIDED ON THE WEBSITE.








TERMS AND CONDITIONS FOR BUYERSThese conditions set out the terms on which we (Spink and Son Limited of 69 Southampton Row, Bloomsbury London WC1B 4ET (company no. 04369748)) contractwith you (Buyer) either as agent on behalf of the Seller or as principal if we are the Seller. You should read these conditions carefully.

January/2021

1 DEFINITIONS The following definitions apply in these conditions:Margin Scheme andAuctioneers’ Scheme means VAT schemes as defined by HM Revenue & Customs;Buyer’s Premium means the charge payable by you as a percentage of the Hammer Price, at the rates set out in clause 5.1 below; Certificate of Authenticity means a certificate issued by an Expert Committee confirming the authenticity of a Lot; Expert Committee means a committee of experts to whom a Lot may be sent for an extension in accordance with clause 3.4.3; Forgery means a Lot constituting an imitation originally conceived and executed as a whole with a fraudulent intention to deceive as to

authorship, origin, age, period, culture or source where the correct description as to such matters is not reflected by the descriptionin the catalogue and which at the date of the auction had a value materially less than it would have had if it had been in accordancewith the description in the catalogue. Accordingly, no Lot shall be capable of being a Forgery by reason of any damage and/orrestoration work of any kind (including re-enamelling);

Hammer Price means the amount of the highest bid accepted by the auctioneer in relation to a Lot;Lot means any item deposited with us for sale at auction and, in particular, the item or items described against any Lot number in any

catalogue;Reserve the amount below which we agree with the Seller that the Lot cannot be sold;Seller means the owner of the Lot being sold by us; Spink Group Spink and Son Limited, our subsidiaries and associated companies.VAT value added tax chargeable under VAT and any similar replacement or additional tax; andVAT Symbols means the symbols detailing the VAT status of the Lot details of which are set out at the back of the catalogue.

2 SPINK’S ROLE AS AGENT2.1 All sales undertaken by us either at auction or privately are undertaken

either as agent on behalf of the Seller or from time to time, as principalif we are the owner of the Lot. Please note that even if we are acting asagent on behalf of the Seller rather than as principal, we may have afinancial interest in the Lot.

2.2 The contract for the sale of the Lot will be between you and the Seller. 2.3 The Seller’s sale of the Lot to you is subject to any terms and

conditions, disclaimers or exclusions included with any promotionalmaterial or catalogue descriptions for the Lot, or otherwise notified toyou by the Seller or us on their behalf.

3 BEFORE THE SALE3.1 Examination of goods

You are strongly advised to examine personally any goods in which youare interested, before the auction takes place. Condition reports areusually available on request. We provide no guarantee to you otherthan in relation to Forgeries, as set out in clause 5.13 of these Termsand Conditions.

3.2 Catalogue descriptions3.2.1 Statements by us in the catalogue or condition report, or made

orally or in writing elsewhere, regarding the authorship, origin,date, age, size, medium, attribution, genuineness, provenance,condition or estimated selling price of any Lot are merelystatements of opinion, and are not to be relied on as statements ofdefinitive fact. Catalogue and web illustrations are for guidanceonly, and should not be relied on either to determine the tone orcolour of any item. No lot shall be rejected on the grounds ofinaccurate reproduction. No lot illustrated in the catalogue andonline shall be rejected on the grounds of cancellation, centring,margins, perforation or other characteristics apparent from theillustration. Estimates of the selling price should not be relied on asa statement that this price is either the price at which the Lot willsell or its value for any other purpose.

3.2.2 Many items are of an age or nature which precludes their beingin perfect condition and some descriptions in the catalogue or givenby way of condition report make reference to damage and/orrestoration. We provide this information for guidance only and theabsence of such a reference does not imply that an item is free fromdefects or restoration nor does a reference to particular defectsimply the absence of any others.

3.2.3 Other than as set out in clause 5.13, and in the absence of fraud,neither the Seller nor we, nor any of our employees or agents, areresponsible for the correctness of any statement as to theauthorship, origin, date, age, attribution, genuineness orprovenance of any Lot nor for any other errors of description or forany faults or defects in any Lot. Every person interested shouldexercise and rely on his own judgment as to such matters.

3.3 Your ResponsibilityYou are responsible for satisfying yourself as to the condition of thegoods and the matters referred to in the catalogue description.

3.4 Extensions – Stamps only3.4.1 If you wish to obtain an expert opinion or Certificate of

Authenticity on any Lot (other than a mixed Lot or Lot containingundescribed stamps) you must notify us in writing not less thanforty-eight hours before the time fixed for the commencement ofthe first session of the sale. If accepted by us, such request shall havethe same effect as notice of an intention to question thegenuineness or description of the Lot for the purposes of clause5.13 (Refund in the case of Forgery) of these Terms andConditions and the provisions of clause 5.13 (Refund in the case ofForgery) shall apply accordingly.

3.4.2 Notice of a request for an expert opinion or Certificate ofAuthenticity must give the reason why such opinion is required andspecify the identity of your proposed expert which will be subjectto agreement by us. We reserve the right, at our discretion, torefuse a request for an expert opinion or Certificate of Authenticityincluding (without limitation) where the proposed expert is notknown to us.

3.4.3 If we accept a request for an expert opinion or Certificate ofAuthenticity we will submit the Lot to the Expert Committee. Youacknowledge and accept that the length of time taken by an ExpertCommittee to reach an opinion will vary depending on thecircumstances and in any event is beyond our control.

3.4.4 We will not accept a request for an extension on account ofcondition. Any Lot described in the catalogue as having faults ordefects may not be returned even if an expert opinion or Certificateof Authenticity cites other faults or defects not included in thecatalogue description, other than in the case of a Forgery.

3.4.5 Should Spink accept a request for an extension under theforegoing provisions of this paragraph, the fact may be stated by theAuctioneer from the rostrum prior to the sale of the Lot.

3.4.6 It should be noted that any stamp accompanied by a Certificateof Authenticity is sold on the basis of that Certificate only and noton the basis of any other description or warranty as to authenticity.No request for an extension will be accepted on such a stamp andthe return of such a stamp will not be accepted.

3.4.7 If you receive any correspondence from the Expert Committeein relation to the Lot, including but not limited to a Certificate ofAuthenticity, you must provide us with copies of suchcorrespondence no later than 7 days after you receive suchcorrespondence.

4 AT THE SALE4.1 Refusal of admission

Our sales usually take place on our own premises or premises overwhich we have control for the sale, and we have the right, exercisableat our complete discretion, to refuse admission to the premises orattendance at an auction.

4.2 Registration before biddingAll bidders must be registered either by completing a registration formor creating an account online. Please be aware that we usually requirebuyers to present identification before making a bid at auction,undergo a credit check or provide a trade reference.If you have not bid successfully with Spink in the past, or you areregistering with us for the first time, we reserve the right to require adeposit of up to 50% of the amount you intend to spend. Such depositwill be deducted from your invoice should you be successful. If you areunsuccessful at auction, your deposit will be returned by the samemeans it was paid to Spink.Some lots may be designated, prior to the auction, as “Premium Lots”,which means a deposit may be required before placing a bid on theitem for sale. Information will be posted on our website in such anevent.

4.3 Bidding as PrincipalWhen making a bid (whether such bids are made in person or byway of telephone bids operated by Spink, commission or online oremail bids), you will be deemed to be acting as principal and will beaccepting personal liability, unless it has been agreed in writing, at thetime of registration, that you are acting as agent on behalf of a thirdparty buyer acceptable to us.

4.4 Commission BidsIf you give us instructions to bid on your behalf, by using the formprovided in our catalogues or via our website, we shall use reasonableendeavours to do so, provided these instructions are received not laterthan 24 hours before the auction. If we receive commission bids on aparticular Lot for identical amounts, and at auction these bids are thehighest bids for the Lot, it will be sold to the person whose bid wasreceived first. Commission bids are undertaken subject to othercommitments at the time of the sale, and the conduct of the auctionmay be such that we are unable to bid as requested. Since this isundertaken as a free service to prospective buyers on the terms stated,we cannot accept liability for failure to make a commission bid. Youshould therefore always attend personally if you wish to be certain ofbidding.


January/2021

4.14.2 No lot may be returned on account of condition if thecondition was stated by a third party grading company (including,but not limited to PCGS, NGC, ANACS, ICG, PMG, WBG,Legacy Currency Grading).

5 AFTER THE AUCTION

5.1 Buyer’s Premium and other charges

In addition to the Hammer Price, you must pay us the Buyer’sPremium at a rate of 20% of the final Hammer price of each lot, postagecharge and a fee for paying by card.

5.2 Value Added Tax

Other than in respect of Zero-rated Lots (o) VAT is chargeable on theHammer price and the Buyer’s premium of daggered (†) and (Ω) lotsat the standard rate (currently 20%), and on lots marked (x) at thereduced rate (currently 5% on the Hammer price and 20% on theBuyer’s premium). VAT on Margin scheme lots (identified by theabsence of any VAT symbol next to the lot number) is payable at 20%on the Buyer’s premium only.

5.3 VAT Refunds – Buyers from outside the UK

General

5.3.1 As we remain liable to account for VAT on all Lots unless theyhave been exported outside the UK within 3 months of the date ofsale, you will generally be asked to deposit all amounts of VATinvoiced. However, if a Spink nominated shipper is instructed, thenany refundable VAT will not be collected. In all other cases creditswill be made when proof of export is provided. If you export theLot outside the UK yourself you must obtain shipping documentsfrom the Shipping Department for which a charge of £50 will bemade.

5.3.2 If you export the Lot you must return the valid proof of exportcertificate to us within 3 months of the date of sale. If you fail toreturn the proof of export certificate to us within such period andyou have not already accounted to us for the VAT, you will beliable to us for the full amount of the VAT due on such Lot and weshall be entitled to invoice you for this sum.

5.3.3 To apply for a refund of any VAT paid, the proof of exportcertificate must be sent to our Shipping Department clearly marked‘VAT Refund’ within 3 months of the date of sale. No payment willbe made where the total amount of VAT refundable is less than £50and Spink will charge £50 for each refund processed.

5.3.4 Where a Lot is included within the Margin Scheme andAuctioneers’ Scheme and evidence of export from the UK isproduced within 3 months of the date of sale, the VAT on Buyer’sPremium may be refunded.

5.3.5 Where the Lot is marked as a Daggered (†) Lot the VATcharged on the Hammer Price may be refunded where evidence ofexport from the UK is produced within 3 months of the date ofsale. A refund of VAT charged on the Buyer’s Premium can also bemade on receipt of proof of business as a collectibles dealer.

5.3.6 Where the Lot is marked as an Omega (Ω) Lot or an ImportVAT (x) Lot and evidence of export from the UK is producedwithin 3 months of the date of sale, the VAT charged on both theHammer Price and Buyer’s Premium may be refunded. Whererequired, we can advise you on how to export such Lots as a specificform of export evidence is required. Where we advise you on theexport of the Lots, please be aware that the ultimate responsibilityin respect of obtaining a valid proof of export certificate will lie withyou and we will not be responsible for your failure to obtain suchcertificate.

5.3.7 Lot marked as Investment Gold (g) is exempt from VAT onHammer price. A refund of VAT charged on the Buyer’s Premiumcan be made on receipt of proof of business as a collectibles dealerand where evidence of export from the UK is produced within 3months of the date of sale.

5.4 Payment5.4.1 You must provide us with your full name and permanent address

and, if so requested, details of the bank from which any paymentsto us will be made. You must pay the full amount due (comprisingthe Hammer Price, the Buyer’s Premium and any applicable VAT)within seven days after the date of the sale. This applies even if youwish to export the Lot and an export licence is (or may be)required.

5.4.2 You will not acquire title to the Lot until all amounts due have been paid in full. This includes instances where specialarrangements were made for release of Lot prior to full settlement.

5.4.3 Payment should be made in sterling by one of the followingmethods:II(i) Direct bank transfer to our account details of which are set

out on the invoice. All bank charges shall be met by you.Please ensure that your client number is noted on thetransfer.

i(ii) By cheque or bank draft made payable to Spink and Son Ltdand sent to Spink at 69 Southampton Row, Bloomsbury,London WC1B 4ET. Please note that the processing chargesfor payments made by cheques or bank drafts drawn on anon-U.K bank shall be met by you. Please ensure that theremittance slip printed at the bottom of the invoice isenclosed with your payment.

4.5 On-line BiddingWe offer internet services as a convenience to our clients. We will notbe responsible for errors or failures to execute bids placed on theinternet, including, without limitation, errors or failures caused by (i) aloss of internet connection by either party for whatever reason; (ii) abreakdown or problems with the online bidding software and/or (iii)a breakdown or problems with your internet connection, computer orsystem. Execution of on-line internet bids on www.spink.com andSpink Live is a free service undertaken subject to other commitments atthe time of the auction and we do not accept liability for failing toexecute an online internet bid or for errors or omissions in connectionwith this activity.

4.6 Telephone BidsIf you make arrangements with us not less than 24 hours before thesale, we shall use reasonable endeavours to contact you to enable youto participate in bidding by telephone, but in no circumstances will webe liable to either the Seller or you as a result of failure to do so.

4.7 Currency ConverterAt some auctions, a currency converter will be operated, based on theone month forward rates of exchange quoted to us by Barclays BankPlc or any other appropriate rate determined by us, at opening on thedate of the auction. Bidding will take place in a currency determined byus, which is usually sterling for auctions held in London. The currencyconverter is not always reliable, and errors may occur beyond ourcontrol either in the accuracy of the Lot number displayed on theconverter, or the foreign currency equivalent of sterling bids. We shallnot be liable to you for any loss suffered as a result of you following thecurrency converter.

4.8 Video imagesAt some auctions there will be a video screen. Mistakes may occur in itsoperation, and we cannot be liable to you regarding either thecorrespondence of the image to the Lot being sold or the quality of theimage as a reproduction of the original.

4.9 Bidding IncrementsBidding generally opens below the low estimate and advances in thefollowing order although the auctioneer may vary the biddingincrements during the course of the auction. The normal biddingincrements are:

Up to £100 by £5£100 to £300 by £10£300 to £600 £320-£350-£380-£400 etc.£600 to £1,000 by £50£1,000 to £3,000 by £100£3,000 to £6,000 £3,200-£3,500-£3,800-£4,000 etc.£6,000 to £10,000 by £500£10,000 to £20,000 by £1,000£20,000 and up Auctioneer’s discretion

4.10 Bidding by Spink4.10.1 We reserve the right to bid on Lots on the Seller’s behalf up to

the amount of the Reserve (if any), which will never be above thelow estimate printed in the auction catalogue.

4.10.2 The Spink Group reserves the right to bid on and purchaseLots as principal.

4.10.3 Lots with this symbol ( ) indicate that a party has providedSpink with an irrevocable bid on the lot that will be executedduring the sale at a value that ensures that the lot will sell. Theirrevocable bidder, who may bid in excess of the irrevocable bid,will be compensated based on his bid in the event he or she is notthe successful bidder or may receive a fixed fee in the event he orshe is the successful bidder. If the irrevocable bidder is thesuccessful bidder, the fixed fee for providing the irrevocable bidmay be netted against the irrevocable bidder’s obligation to pay thefull purchase price for the lot. If the irrevocable bid is not secureduntil after the printing of the auction catalogue, a pre-saleannouncement will be made indicating that there is an irrevocablebid on the lot. If you are interested in placing an irrevocable bid in an auction,please contact us at [email protected]. Typically, onlysome of the lots with an estimate, which must exceed £100,000 orequivalent in other currencies are open to irrevocable bids.

4.11 The Auctioneer’s DiscretionThe auctioneer has the right at his absolute discretion to refuse any bidto advance the bidding in such manner as he may decide to withdrawor divide any Lot, to combine any two or more Lots and, in the case oferror or dispute, to put an item up for bidding again.

4.12 Successful BidSubject to the auctioneer’s discretion, the striking of his hammer marksthe acceptance of the highest bid, provided always that such bid ishigher than the Reserve (where applicable), and the conclusion of acontract for sale between you and the Seller.

4.13 After Sale Arrangements If you enter into any private sale agreements for any Lot with the Sellerwithin 60 days of the auction, we, as exclusive agents of the Sellerreserve the right to charge you the applicable Buyer’s Premium inaccordance with these Terms and Conditions, and the Seller acommission in accordance with the terms of the Seller’s agreement.

4.14 Return of Lot4.14.1 Once your bid has been accepted for a Lot then you are liable

to pay for that Lot in accordance with these Terms and Conditions.If there are any problems with a Lot then you must notify us within7 days of receipt of the Lot, specifying the nature of the problem.We may then request that the Lot is returned to us for inspection.Save as set out in clause 5.13, the cancellation of the sale of any Lotand the refund of the corresponding purchase price is entirely atour sole discretion. We will not normally exercise that discretion ifthe Lot is not received by us in the same condition that it was in atthe auction date.


(iii) By Visa or Mastercard. All Corporate cards regardless oforigin and Consumer debit and credit cards issued outsidethe EU are subject to a fee of 3%. For all card payments thereare limits to the amounts we will accept depending on thetype of card being used and whether or not the cardholder ispresent.

5.4.4 Payments should be made by the registered buyer and not bythird parties, unless it has been agreed at the time of registrationthat you are acting as an agent on behalf of a third party.

5.5 InvoicesInvoices may consist of one or more pages and will show: Zero ratedLots (o); no symbol Lots sold under the Margin Scheme andAuctioneers’ Scheme; Lots marked (g) special scheme InvestmentGold; Daggered Lots (†), imported Lots marked (x) and (Ω).

5.6 Collection of Purchases5.6.1 Unless specifically agreed to the contrary, we shall retain lots

purchased until all amounts due to us, or to the Spink Group, havebeen paid in full. Buyers will be required to pay for their lots whenthey wish to take possession of the same, which must be within 7days of the date of the sale, unless prior arrangements have beenmade with Spink. Without prior agreement, lots will not be releaseduntil cleared funds are received with regard to payments made bycheque.

5.6.2 Unless we notify you to the contrary, items retained by us willbe covered in accordance with our policy which is available forinspection at our offices from the date of sale for a period of sevendays or until the time of collection, whichever is sooner. After sevendays or from the time of collection, whichever is the earlier, the Lotwill be entirely at your risk.

5.6.3 Our policy will not cover and we are unable to acceptresponsibility for damage caused by woodworm, changes inatmospheric conditions or acts of terrorism.

5.7 NotificationWe are not able to notify successful bidders by telephone. WhileInvoices are sent out by email or mail after the auction we do notaccept responsibility for notifying you of the result of your bid. You arerequested to contact us by telephone or in person as soon as possibleafter the auction to obtain details of the outcome of your bids to avoidincurring charges for late payment.

5.8 Packing and handling5.8.1 We shall use all reasonable endeavours to take care when

handling and packing a purchased Lot but remind you that afterseven days or from the time of collection, whichever is sooner, theLot is entirely at your risk. Our postage charges are set out at theback of the catalogue.

5.8.2 It is the responsibility of the Buyer to be aware of any ImportDuties that may be incurred upon importation to the finaldestination. Spink will not accept return of any package in order toavoid these duties. The onus is also on the Buyer to be aware of anyCustoms import restrictions that prohibit the importation ofcertain collectibles. Spink will not accept return of the Lot(s) underthese circumstances. Spink will not accept responsibility for Lot(s)seized or destroyed by Customs.

5.8.3 If the Buyer requires delivery of the Lot to an address other thanthe invoice address this will be carried out at the discretion ofSpink.

5.9 Recommended packers and shippersIf required our shipping department may arrange shipment as youragent. Although we may suggest carriers if specifically requested, oursuggestions are made on the basis of our general experience of suchparties in the past and we are not responsible to any person to whomwe have made a recommendation for the acts or omissions of the thirdparties concerned.

5.10 Remedies for non-payment or failure to collect purchases5.10.1 If you fail to make payment within seven days of your stipulated

payment date set out in your invoice, we shall be entitled to exerciseone or more of the following rights or remedies:5.10.1.1 to charge interest at the rate of 2% per month compound

interest, calculated on a daily basis, from the date the fullamount is due;

5.10.1.2 to set off against any amounts which the Spink Group mayowe you in any other transaction the outstanding amountremaining unpaid by you;

5.10.1.3 we may keep hold of all or some of your Lots or otherproperty in the possession of the Spink Group until you havepaid all the amounts you owe us or the Spink Group, even if theunpaid amounts do not relate to those Lots or other property.Following fourteen days’ notice to you of the amountoutstanding and remaining unpaid, the Spink Group shall havethe right to arrange the sale of such Lots or other property. Weshall apply the proceeds in discharge of the amount outstandingto us or the Spink Group, and pay any balance to you;

5.10.1.4 where several amounts are owed by you to the SpinkGroup in respect of different transactions, to apply any amountpaid to discharge any amount owed in respect of any particulartransaction, whether or not you so direct;

5.10.1.5 to reject at any future auction any bids made by you or onyour behalf or obtain a deposit from you before accepting anybids.

5.10.2 If you fail to make payment within thirty-five days, we shall inaddition be entitled:

5.10.2.1 to cancel the sale of the Lot or any other item sold to youat the same or any other auction;

5.10.2.2 to arrange a resale of the Lot, publicly or privately, and, ifthis results in a lower price being obtained, claim the balancefrom you together with all reasonable costs including a 20%seller’s commission, expenses, damages, legal fees, commissionsand premiums of whatever kind associated with both sales orotherwise, incurred in connection with your failure to makepayment;

5.10.2.3 when reselling the Lot, place a notice in our cataloguestating that you successfully purchased the Lot at auction buthave subsequently failed to pay the Hammer Price of the Lot; or

5.10.2.4 take any other appropriate action as we deem fit.5.10.3 If you fail to collect within fourteen days after the sale, whether

or not payment has been made, you will be required5.10.3.1 to pay a storage charge of £2 per item per day plus any

additional handling cost that may apply. 5.10.3.2 you will not be entitled to collect the Lot until all

outstanding charges are met, together with payment of all otheramounts due to us.

5.11 Use of Default InformationIf you fail to make payment for a Lot in accordance with these Terms andConditions:5.11.1 we reserve the right to refuse you the right to make bids for any

future auction irrespective of whether previous defaults havebeen settled; and

5.11.2 you acknowledge that we may (as necessary for our legitimateinterests those of other auctioneers and live bidding platforms inreferencing customers and avoiding customer defaults) disclosedetails of such default to other auctioneers and live biddingplatforms, which will include your name, address, nature of thedefault and the date of the default.

Auctioneers or live bidding platforms who receive details of the defaultmay rely on such information when deciding whether to enter into atransaction with you in the future.

5.12 Export Licence5.12.1 If required we can, at our discretion, advise you on the detailed

provisions of the export licensing regulations. Where we advise youin relation to export licensing regulations the ultimate responsibilityin respect of any export will lie with you and we will not beresponsible for your failure to apply for any necessary licences.

5.12.2 If the Lot is going to be hand carried by you, you may berequired to produce a valid export licence to us or sign a waiverdocument stating that a licence will be applied for.

5.12.3 You should always check whether an export licence is requiredbefore exporting. Export licences are usually obtained within twoor three weeks but delays can occur.

5.12.4 Unless otherwise agreed by us in writing, the fact that you wishto apply for an export licence does not affect your obligation tomake payment within seven days nor our right to charge interest onlate payment.

5.12.5 If you request that we apply for an export licence on yourbehalf, we shall be entitled to recover from you our disbursementsand out of pocket expenses in relation to such application, togetherwith any relevant VAT.

5.12.6 We will not be obliged to rescind a sale nor to refund anyinterest or other expenses incurred by you where payment is madeby you despite the fact that an export licence is required.

5.13 Refund in the case of Forgery5.13.1 A sale will be cancelled, and the amount paid refunded to you

if a Lot (other than a miscellaneous item not described in thecatalogue) sold by us proves to have been a Forgery. We shall nothowever be obliged to refund any amounts if either (a) thecatalogue description or saleroom notice at the auction datecorresponded to the generally accepted opinion of scholars orexperts at that time, or fairly indicated that there was a conflict ofopinions, or (b) it can be demonstrated that the Lot is a Forgeryonly by means of either a scientific process not generally acceptedfor use until after publication of the catalogue or a process which atthe date of the auction was unreasonably expensive or impracticableor likely to have caused damage to the Lot. Furthermore, youshould note that this refund can be obtained only if the followingconditions are met:5.13.1.1 you must notify us in writing, within seven days of the

receipt of the Lot(s), that in your view the Lot concerned is aForgery;

5.13.1.2 you must then return the item to us within fourteen daysfrom receipt of the Lot(s), in the same condition as at theauction date; and

5.13.1.3 as soon as possible following return of the Lot, you mustproduce evidence satisfactory to us that the Lot is a Forgery andthat you are able to transfer good title to us, free from any thirdparty claims.

5.13.1.4 you must provide to us all evidence obtained by you thata Lot is a Forgery no later than 7 days after you receive suchevidence.

5.13.2 In no circumstances shall we be required to pay you any morethan the amount paid by you for the Lot concerned and you shallhave no claim for interest.

5.13.3 The benefit of this guarantee is not capable of beingtransferred, and is solely for the benefit of the person to whom theoriginal invoice was made out by us in respect of the Lot when soldand who, since the sale, has remained the owner of the Lot withoutdisposing of any interest in it to any third party.

5.13.4 We shall be entitled to rely on any scientific or other process toestablish that the Lot is not a Forgery, whether or not such processwas used or in use at the date of the auction.

January/2021


January/2021

6 LIABILITY Nothing in these Terms and Conditions limits or excludes our liability for:6.1 death or personal injury resulting from negligence; or 6.2 any damage or liability incurred by you as a result of our fraud or

fraudulent misrepresentation.

7 USE OF YOUR PERSONAL INFORMATION7.1 We will use the personal information you provide to us as set out in our

privacy notice (available at https://spink.com/privacy-policy) and inparticular to:

7.1.1 process the bids you make on Lots (whether successful orotherwise) and other auction related services we provide;

7.1.2 process your payment relating to a successful purchase of a Lot;7.1.3 arrange for delivery of any Lot you purchase, which will include

passing your details to shipping providers and, on overseasdeliveries, to customs where they make enquiries regarding the Lot;

7.1.4 inform you about similar products or services that we provide,but you may stop receiving these at any time by contacting us.

7.2 In accordance with clause 4.2, we may pass your information to creditreference agencies in order to obtain credit checks from them, and theymay keep a record of any search that they do.

7.3 In accordance with clause 5.11, where you default on making paymentfor a Lot in accordance with these terms and conditions we may disclosedetails of such default to other auctioneers and live bidding platforms.

7.4 We are also working closely with third parties (including, for example,other auctioneers and live bidding platforms) and may receiveinformation about you from them.

7.5 Where you provide us with personal information about other individuals,you must ensure that your provision of that information is compliantwith applicable data protection law.

8 COPYRIGHT 8.1 We shall have the right (on a non-exclusive basis) to photograph, video

or otherwise produce an image of the Lot. All rights in such an imagewill belong to us, and we shall have the right to use it in whatever waywe see fit.

8.2 The copyright in all images, illustrations and written material relatingto a Lot is and shall remain at all times our property and we shall havethe right to use it in whatever way we see fit. You shall not use or allowanyone else to use such images, illustrations or written material withoutour prior written consent.

9 VATYou shall give us all relevant information about your VAT status and that ofthe Lot to ensure that the correct information is printed in the catalogues.Once printed, the information cannot be changed. If we incur any unforeseencost or expense as a result of the information being incorrect, you willreimburse to us on demand the full amount incurred.

10 NOTICESAll notices given under these Terms and Conditions may be served personally,sent by 1st class post, or faxed to the address given to the sender by the otherparty. Any notice sent by post will be deemed to have been received on thesecond working day after posting or, if the addressee is overseas, on the fifthworking day after posting. Any notice sent by fax or served personally will bedeemed to be delivered on the first working day following despatch.

11 ADDITIONAL PROVISIONSThe following provisions of this clause 11 shall apply only if you are acting forthe purposes of your business. 11.1 Limitation of Liability

Subject to clause 6, we shall not be liable, whether in tort (includingfor negligence) or breach of statutory duty, contract, misrepresentationor otherwise for any:11.1.1 loss of profits, loss of business, depletion of goodwill and/or

similar losses, loss of anticipated savings, loss of goods, loss ofcontract, loss of use, loss of corruption of data or information; or

11.1.2 any special, indirect, consequential or pure economic loss,costs, damages, charges or expenses.

11.2 SeverabilityIf any part of these Terms and Condition is found by any court to beinvalid, illegal or unenforceable, that part may be discounted and therest of the conditions shall continue to be valid and enforceable to thefullest extent permitted by law.

11.3 Force majeureWe shall have no liability to you if we are prevented from, or delayedin performing, our obligations under these Terms and Conditions orfrom carrying on our business by acts, events, omissions or accidentsbeyond our reasonable control, including (without limitation) strikes,lock-outs or other industrial disputes (whether involving our workforceor the workforce of any other party), failure of a utility service ortransport network, act of God, war, riot, civil commotion, maliciousdamage, compliance with any law or governmental order, rule,regulation or direction, accident, breakdown of plant or machinery,fire, flood, storm or default of suppliers or subcontractors.

11.4 Waiver11.4.1 A waiver of any right under these Terms and Conditions is only

effective if it is in writing and it applies only to the circumstancesfor which it is given. No failure or delay by a party in exercising anyright or remedy under these Terms and Conditions or by law shallconstitute a waiver of that (or any other) right or remedy, norpreclude or restrict its further exercise. No single or partial exerciseof such right or remedy shall preclude or restrict the further exerciseof that (or any other) right or remedy.

11.4.2 Unless specifically provided otherwise, rights arising underthese Terms and Conditions are cumulative and do not excluderights provided by law.

11.5 Law and Jurisdiction11.5.1 These Terms and Conditions and any dispute or claim arising

out of or in connection with them or their subject matter, shall begoverned by, and construed in accordance with, the law of Englandand Wales.

11.5.2 The parties irrevocably agree that the courts of England andWales shall have exclusive jurisdiction to settle any dispute orclaim that arises out of, or in connection with, Terms andConditions or their subject matter.

Postal ChargesPrices for all items including postage and packaging

The above fees are in GBP and would be converted into the sale currency ifapplicable.Shipments of more than 2kg or volumetric measurement of more than 2kg have tobe sent by courier. Certain countries may incur extra charge when courier servicesare required by our insurance policy. For lots sent by courier please [email protected] for calculation of any further relevant cost in addition tothe above charges.

Value Added Tax (VAT)Charging of (VAT) at AuctionThe information shown on this page sets out the way in which Spink intends toaccount for VAT.

i. Margin Scheme and Auctioneers’ Scheme1. Where possible, we will offer Lots for sale under the Margin Scheme

and Auctioneers’ Scheme. Such Lots can be identified by the absenceof any VAT symbol next to the Lot number in the catalogue. Suchlots are subject to 20% VAT on the Buyers’ Premium but are notsubject to VAT on the Hammer Price.

2. Where Lots are sold using the Margin Scheme and Auctioneers’Scheme to UK VAT–registered businesses, the VAT on Buyers’Premium is not recoverable as input tax. Upon request on sale day,we will issue invoices that show VAT separately on both the HammerPrice and the Buyer’s Premium. This will enable VAT-registeredbusinesses to recover the VAT charged as input tax, subject to thenormal rules for recovering input tax.

ii. Zero-Rated LotsLimited Categories of goods, such as books, are Zero-rated (o) for VAT inthe United Kingdom. Such Lots are offered under the Auctioneers’Scheme. In these circumstances no VAT will be added to the Buyer’spremium.

iii. Daggered LotsLots which are Daggered (†) in the catalogue are subject to VAT at 20%on both the Hammer Price and the Buyer’s Premium.

iv. Imported and Omega LotsLots which are marked (x) in the catalogue are subject to VAT at 5% onthe Hammer price plus 20% on the Buyer’s premium. Lots which bear theOmega symbol (Ω) are subject to VAT at 20% on the Hammer Price andon the Buyer’s Premium. This VAT is payable on items imported fromoutside the UK. In these cases we have used a temporary importationprocedure, which in effect means that the point of importation is deferreduntil the Lot has been sold. At this point the Buyer is treated as theimporter and is liable to pay the import VAT due. We will collect the VATfrom you and pay it to HM Customs and Excise on your behalf.

v. Investment Gold LotsLots marked (g) in the catalogue are exempt from VAT on the HammerPrice and are subject to VAT at 20% on the Buyer’s Premium. A refund ofVAT charged on the Buyer’s Premium can also be made on receipt of proofof business as a collectibles dealer outside of the UK.

Invoice Value UK EU Rest of the WorldUp to £1,500 £12 £20 £30

Up to £10,000 £20 £40 £60

Above £10,001 £30 £60 £90


The above sale dates are subject to change

Spink offers the following services:– VALUATIONS FOR INSURANCE AND PROBATE FOR INDIVIDUAL ITEMS OR WHOLE COLLECTIONS –

– SALES ON A COMMISSION BASIS EITHER OF INDIVIDUAL PIECES OR WHOLE COLLECTIONS –

SALE CALENDAR 2021

BANKNOTES

15 March-11 April The Numismatic e-Auction Hong Kong CSS6312-27 April World Banknotes e-Auction London 2110828 April Drs Joanne and Edward Dauer Collection of English Banknotes London 2105528 April World Banknotes London 210087 May The Numismatic Collectors’ Series sale Hong Kong CSS6225 May-8 June British Banknotes e-Auction London 2110929 June-13 July World Banknotes e-Auction London 21130

STAMPS

13 April The ‘Blanic’ Collection of Nyasaland and Rhodesia London 2102114-15 April The Philatelic Collectors’ Series Sale London 2101622 April-6 May Stamps of the World e-Auction London 2111122 April-6 May The “Maurice Jacob” Collection of Saudi Arabia e-Auction London 211125 May Important Stamps of the World London 2101929 May The Philatelic Collectors’ Series Sale Hong Kong CSS652 June Stamps and Covers of Great Britain London 210223 June Rhodesia Double Head Issue: The Cottonwood Collection London 21020

COINS

11-29 March Spink Numismatic e-Circular 7 Part III: The Eccles Collection of English Coins London 2112115 March-11 April The Numismatic e-Auction Hong Kong CSS6331 March-30 May The Piccadilly List London 210051-29 April Spink Numismatic e-Circular 8: English and World Gold Coins London 211227 May The Numismatic Collectors’ Series sale Hong Kong CSS628-22 June Spink Numismatic e-Circular 9 London 2112423 June Coins and Commemorative Medals Summer Auction London 210067-28 September Spink Numismatic e-Circular 10: Indian & Islamic Coins London 2112529 September Coins and Commemorative Medals Autumn Auction London 21007

MEDALS

10-24 March Orders, Decorations and Medals e-Auction No. 2 – including Masonic Jewels London 211017/8 April Orders, Decorations and Medals London 210017 May The Numismatic Collectors’ Series sale Hong Kong CSS62

BONDS & SHARES

20 April-11 May Bonds and Share Certificates of the World e-Auction London 211427 May The Numismatic Collectors’ Series sale Hong Kong CSS6225 May-15 June Bonds and Share Certificates of the World e-Auction London 21143

HISTORICAL DOCUMENTS

21-28 January Autographs & Documents e-Auction featuring the Mike Roth Aviation Collection Part II New York 369

LIFESTYLE COLLECTABLES

23-30 April Fine Whisky & Rum E-Auction Hong Kong SFW373-14 December Estates & Collections e-Auction New York 365


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STAMPS COINS BANKNOTES MEDALS BONDS & SHARES AUTOGRAPHS BOOKSWINE & SPIRITS HANDBAGS COLLECTIONS ADVISORY SERVICES SPECIAL COMMISSIONS

69 Southampton Row, Bloomsbury, London WC1B 4ETwww.spink.com

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