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FAQ
Coin Auctions

 


What is meant by the prices printed in the auction catalog?

How can I bid if I am not personally present?

Where does the auction take place?

Viewing?

What are the bidding increments?

What happens if two ore more bidders make the same offer?

Can I place a top limit on my bids?

What happens if an error is made?

What is the total price that has to be paid for each lot?

Auction results ?

 

 

 

 

What is meant by the prices stated in the auction catalogue?

This is the minimum price for each lot which we have to ask from our clients. We cannot accept any underbidding without asking the consigner. The price is stated in Euro.

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What is the total price that has to be paid for each lot?

This depends on the client's residence and the kind of goods bought. Private clients outside the EU-market: The commission is 15 % from the hammered price. To the total sum of all lots bought we add postage ,insurance and bank charges.

Private clients within the EU: The commission rate for gold and silver coins is 15 % plus 10 % VAT. For all other coins and decorations we charge 20 % commission in which the VAT of 20 % is included. To the total sum of the invoice postage und insurance (a minimum of € 4,--) as well as bank charges are added.

Private Clients in Germany: The commission rate for gold and silver coins is 15 % plus 7 % VAT. For all other coins and decorations we charge 16 % commission in which the VAT of 16 % is included. To the total sum of the invoice postage und insurance (a minimum of € 4,--) as well as bank charges (which can only be cancelled when the amount of the invoice is paid to our account by Postbank Munich) are added.

Private Clients in Austria. The commission rate for gold and silver coins is 15 % plus 10 % VAT. For all other coins and decorations we charge 20 % commission in which the VAT of 20 % is included. To the total sum is added postage and insurancve (a minimum of € 4,--).

Coin Dealers: The commission rate is 10 % plus charges for shipment and insurance. Coin dealers with a registered Euro identification number pay no VAT (Please take care that you give us the exact address of your company as registered for the Euro identification number.) Coin dealers without an Euro identification number pay the same VAT as private clients. back

 

 

How can I bid if I am not present?

There are two possibilities: either you send us written bids or you take part by phoning. The filled in written bid sheet you can either send by post or fax. You can also make you bids by e-mail and use the easy bidding facilities of the auction catalogue online. Bids placed by telephone are accepted at the caller's risk.

If you would like to take part in the auction by bidding personally on the telephone, please inform us prior to the auction, so that we can note your client number so as not to disturb the fluency of the auction. In either case, in placing bids, written or oral, the client accepts H.D. Rauch GmbH's conditions of sale. back

 

 

What happens if two or more bidders make the same offer?

The first offer received is accepted.back

 

Can I place a top limit on my bids?

It is always possible to indicate an upper limit on your bid, ie the amount to which you would bid if you were attending the auction in person. This upper limit relates only to the hammered price. There is also the option to placing alternative bids; please put the word "or" between the lot numbers. In this case, if you have won the earlier lot, we will not continue to bid on the following lots. If you have been unsuccessful on an earlier lot, we will continue to execute bids for alternative lots until a bid is successful. back

 

 

What happens if an error is made?

a) Misdescribed lots: the description prevails over the photograph. If the description is wrong, for example the date, but the year can be clearly seen on the photo, this is mentioned on the floor but the written bids are accepted, assuming that the clients have realised the error. If the photo does not help to clarify the error and it is a common coin, the written bids are not accepted and those on the floor are taken, except if the bidder writes and confirms to us that he realises a mistake has been made. If the coin is of value, we will withdraw the coin and put it in the next auction.

b) Wrong bidding. According to auction regulations, the bidder is responsible for his error. If we notice the error because the lot number and text to not match, we try to clarify it before the auction. The client cannot claim to have checked his bids by us.

c) For misunderstood bids entered by phone, the bidder is responsible. We advise that bids made by phone should be confirmed in writing prior to the auction or to list the lot numbers on which you want to bid personally by phone during the auction. back

 

Bidding Increment?

The catalog prices are minimum prices in Euro ( € ). H.D. Rauch executes mail bids on behalf of mail bidders. These bids come prior to the floor bidding.
The minimum increments in bidding are:

from € to € (Euro)

minimum increment in Euro

1 - 20

1,--

21 - 60

2,--

61 - 120

5,--

121 ­ 220

10,--

221 ­ 600

20,--

601 ­ 1.200

50,--

1.201 ­ 3.000

100,--

3.001 ­ 6.000

200,--

6.001 ­ 12.000

500,--

12.001 ­ 30.000

1.000,--

30.001 ­ 60.000

2.000,--

60.001 – 150.000

5.000,--

ab 150.000

10.000,--

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Where does the auction take place?

At the Hotel Ambassador, 1010 Vienna, Kaerntnertraße 22 - Neuer Markt 5 (see the map) in the room called “Donnerbrunnensaal”.During the auction you can reach us under the telephon number 0043 664 2643525 or 0043 1 96161 extension 167. Call at the office (0043 1 533 33 12) if you should need any help for booking etc. (PLAN)

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Viewing?

Two weeks before the auction date the auction material of the appropriate auction can be viewed in our office (A-1010 Vienna, Bräunerstrasse 2, 4th floor) from Monday to Friday between 10 a.m. and 6 p.m. and during the auction in the auction room. For viewing at other times please make an appointment. back

Auction results?

After every daily session the hammer prices are online (about 23.00 hours). To get to know which lots you have won please click on our home page on “Hammer prices” and enter your client number and the lots you have won will turn up. ‘A list with the hammer prices can also be downloaded. Unsold lots are sold at the prices stated in the auction catalogue plus 20 % in which V.A.T. (IVA, TAV) is included. For clients outside the EU only 15 % are added.

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AUCTION HOUSE
H. D. RAUCH GMBH
A-1010 VIENNA, AM GRABEN 15
AUSTRIA / EUROPE
contact TEL: ++43 1 533 33 12
FAX: ++43 1 535 61 71
E-MAIL: office@hdrauch.com