United Kingdom brilliant uncirculated coin collection dated 1994 and ‘The End of the Second World War 60th Anniversary’ coin cover – Pickering General Sale

  • 1. Introduction. The following informative notes are intended to assist Buyers,
    particularly those inexperienced or new to our salerooms. All sales are conducted
    on our printed Conditions of Sale which are readily available for inspection and
    normally accompany catalogues. Our staff will be happy to help you if there is anything
    you do not fully understand.
  • 2. Agency. As auctioneers we usually contract as agents for the seller whose identity,
    for reasons of confidentiality, is not normally disclosed. Accordingly if you buy
    your primary contract is with the seller.
  • 3. Estimates. Estimates are designed to help buyers gauge what sort of sum might
    be involved for the purchase of a particular lot. The lower estimate may represent
    the reserve price and certainly will not be below it. Estimates do not include the
    Buyer’s Premium or VAT (where chargeable). Estimates are prepared some time before
    the sale and may be altered by announcement before the sale. They are in no sense
  • 4. Buyer’s Premium. The Conditions of Sale oblige buyers to pay a buyer’s premium
    at 21% on the hammer price of each lot purchased. VAT is charged on the premium
    (see below).
  • 5. VAT. (*) indicates that VAT is payable by the purchaser at the standard rate
    (presently 20%) on the hammer price as well as being an element in the buyer’s premium.
    This imposition of VAT is likely to be because the seller is registered for VAT
    within the European Union and is not operating the Dealers Margin Scheme or because
    VAT is due at 20% on importation into the UK. The double symbol (**) indicates that
    the lot has been imported from outside the European Union and the present position
    is that these lots are liable to a reduced rate of VAT (5%) on the gross lot price
    (i.e. both the hammer price and the buyer’s premium). Lots which appear without
    either of the above symbols indicate that no VAT is payable on the hammer price.
    This is because such lots are sold using the Auctioneers’ Margin Scheme and it should
    be noted that the VAT included within the Premium is not recoverable as input tax.
  • 6. We are, primarily, agents for the seller. We are dependent on information provided
    by the seller and whilst we may inspect lots and act reasonably in taking a general
    view about them we are normally unable to carry out a detailed or any examination
    of lots in order to ascertain their condition in the way in which it would be wise
    for a buyer to do. Intending buyers have ample opportunity for inspection of goods
    and, therefore, accept responsibility for inspecting and investigating lots in which
    they may be interested. Please note carefully the exclusion of liability for the
    condition of lots contained in the Conditions of Sale. Neither the seller nor we,
    as the auctioneers, accept any responsibility for their condition. In particular,
    mechanical objects of any age are not guaranteed to be in working order. However,
    in so far as we have examined the goods and make a representation about their condition,
    we shall be liable for any defect which that examination ought to have revealed
    to the auctioneer but which would not have been revealed to the buyer had the buyer
    examined the goods. Additionally, in specified circumstances lots misdescribed because
    they are ‘deliberate forgeries’ may be returned and repayment made. There is a 3
    week time limit. (The expression ‘deliberate forgery’ is defined in our Conditions
    of Sale).
  • 7. Electrical goods (unless they are sold as ‘antiques’ only) are checked over for
    compliance with safety regulations by a qualified electrician and are guaranteed
    up until the Wednesday following the sale.
  • 8. Export of goods. Buyers intending to export goods should ascertain (a) whether
    an export licence is required and (b) whether there is any specific prohibition
    on importing goods of that character because, e.g. they may contain prohibited materials
    such as ivory. Ask us if you need help.
  • 9. Bidding. Bidders are required to register before the sale commences and lots
    will be invoiced to the name and address on the registration form. Some form of
    identification will be required if you are unknown to us. Please enquire in advance
    about our arrangements for telephone bidding.
  • 10. Commission bidding. Commission bids may be left with the auctioneers indicating
    the maximum amount to be bid excluding buyers’ premium. They will be executed as
    cheaply as possible having regard to the reserve (if any) and competing bids. If
    two buyers submit identical commission bids the auctioneers may prefer the first
    bid received. The auctioneers reserve the right to exceed the maximum amount by
    one bid in order to secure the lot on your behalf. Please enquire in advance about
    our arrangements for the leaving of commission bids by telephone, email or FAX.
  • 11. Methods of Payment. These are cash, debit or credit card or banker’s draught.
  • 12. Collection and storage. Please note what the Conditions of Sale state about
    collection and storage. It is important that goods are paid for and collected promptly.
    Any delay may involve the buyer in paying storage charges.
  • 13. DROIT DE SUITE pleases see point 21 in CONDITIONS OF SALE.
  • 14. LIVE BIDDING please see point 22 in CONDITIONS OF SALE


  • 1. Interpretation. In these Terms the words ‘you’, ‘yours’, etc. refer to the Seller
    and if the consignment of goods to us is made by an agent we assume that the Seller
    has authorised the consignment and that the consignor has the Seller’s authority
    to contract. Similarly the words ‘we’, ‘us’, etc. refer to the Auctioneers.
  • 2. Commission is charged to sellers at the following rates:- 10% over £1001 and
    15% up to £1000. The standard entry fee for illustrated lots is £10, (cover illustration
    fees will be at auctioneers discretion). Entry fee for lots not illustrated is £1.
    (Entry fees are charged sold or unsold). Minimum commission charge is £6 per lot.
  • 3. Collection costs. We have vans available to collect and will be pleased to quote.
  • 4. Loss and Damage of goods. Loss and Damage – Duggleby Stephenson Ltd is not authorised
    by the FSA to provide insurance to its clients, and does not so do. However David
    Duggleby Ltd for its own protection, assumes liability for property consigned to
    it at the lower pre-sale estimate until the hammer falls. To justify accepting liability,
    Duggleby Stephenson Ltd makes a charge of 1% of the hammer price plus VAT. The liability
    assumed by Duggleby Stephenson Ltd shall be limited to the lower pre-sale estimate, or
    the hammer price if the lot has sold, or to the reserve if the lot was unsold. (b)
    If the owner of goods consigned instructs us in writing not to take such action,
    the goods then remain entirely at the owner’s risk unless and until the property
    in them passes to the Buyer or they are collected by or on behalf of the owner,
    and clause 4(a) is inapplicable.
  • 5. Illustrations. The cost of any illustrations is borne by you (see 2.) The copyright
    in respect of such illustrations shall be the property of us, the auctioneers, as
    is the text of the catalogue.
  • 6. Reserves.
    • (a) You are entitled to place prior to the auction a reserve on any lot consigned
      over the value of £50, being the minimum hammer price at which that lot may be sold.
      Reserves must be reasonable and we may decline to offer goods which in our opinion
      would be subject to an unreasonably high reserve (in which case goods carry the
      storage and insurance charges stipulated in these Terms of Consignment).
    • (b) A reserve once set cannot be changed except with our consent.
    • (c) Where a reserve has been placed only we may bid on your behalf and only up to
      the reserve (if any) and you may in no circumstances bid personally.
  • 7. Electrical items. These are subject to detailed statutory safety controls. Where
    such items are accepted for sale you accept responsibility for the cost of testing
    by external contractors. Goods not certified as safe by an electrician (unless antiques)
    will not be accepted for sale. They must be removed at your expense on your being
    notified. We reserve the right to dispose of unsafe goods as refuse, at your expense
  • 8. Soft furnishings. The sale of soft furnishings is strictly regulated by statute
    law in the interests of fire safety. Goods found to infringe safety regulations
    will not be offered and must be removed at your expense. We reserve the right to
    dispose of unsafe goods as refuse, at your expense. The rights of disposal referred
    to in clause 8 and 9 are subject to the provisions of The Torts (Interference with
    Goods) Act 1977, Schedule 1, a copy of which is available for inspection on request
  • 9. Descriptions. Please assist us with accurate information as to the provenance
    etc. of goods where this is relevant. There is strict liability for the accuracy
    of descriptions under modern consumer legislation and in some circumstances responsibility
    lies with sellers if inaccuracies occur. We will assume that you have approved the
    catalogue description of your lots unless informed to the contrary. Where we are
    obliged to return the price to the buyer when the lot is a deliberate forgery under
    Condition 15 of the Conditions of Sale and we have accounted to you for the proceeds
    of sale you agree to reimburse us the sale proceeds. The liability to reimburse
    the sale proceeds shall not arise where you are acting reasonably and honestly and
    are unaware of the forgery but we are or ought to have been aware of it.
  • 10. Unsold and withdrawn items. If an item is unsold it may with your consent be
    re-offered at a future sale. Where in our opinion an item is unsaleable you must
    -collect such items from the saleroom promptly on being so informed. Otherwise,
    storage charges may be incurred. We reserve the right to charge for storage in these
    circumstances at a reasonable daily rate.
  • 11. Withdrawn and bought in items. These are liable to incur a charge of 10% plus
    VAT on being bought in or withdrawn after being catalogued.
  • 12. Conditions of Sale. You agree that all goods will be sold on our Conditions
    of Sale. In particular you undertake that you have the right to sell the goods either
    as owner or agent for the owner. You undertake to compensate us and any buyer or
    third party for all losses liabilities and expenses incurred in respect of and as
    a result of any breach of this undertaking.
  • 13. Authority to deduct commission and expenses and retain premium and interest.
    • (a) You authorise us to deduct commission at the stated rate and all expenses incurred
      for your account from the hammer price and consent to our right to retain beneficially
      the premium paid by the buyer in accordance with our Conditions of Sale and any
      interest earned on the sale proceeds until the date of settlement.
    • (b) You authorise us in our discretion to negotiate a sale by private treaty in
      the case of lots unsold at auction, in which case the same charges will be payable
      as if such lots had been sold at auction and so far as appropriate these Terms apply.
  • 14. Warehousing. We disclaim all liability for goods delivered to our saleroom without
    sufficient sale instructions and reserve the right to make minimum warehousing charge
    of £1 per lot per day. Unsold lots are subject to the same charges if you do not
    remove them within a reasonable time of notification. If not removed within three
    weeks we reserve the right to sell them and defray charges from any net proceeds
    of sale or at your expense to consign them to the local authority for disposal.
  • 15. Settlement. After sale settlement of the net sum due to you normally takes place
    within 14 days of the sale (by crossed cheque to the seller) unless the buyer has
    not paid for the goods. In this case no settlement will then be made but we will
    take your instructions in the light of our Conditions of Sale. You authorise any
    sums owed by you to us on other transactions to be deducted from the sale proceeds.
    You must note the liability to reimburse the proceeds of sale to us as under the
    circumstances provided for in Condition 10 above. You should therefore bear this
    potential liability in mind before parting with the proceeds of sale until the expiry
    of 21 days from the date of sale.


Duggleby Stephenson Ltd carries on clientele with bidders, buyers and all those present in the auction room prior to or in connection with a sale on the play along general Conditions and on such other terms, conditions and notices as may be referred to herein .
In these Conditions :

  • (a) “auctioneer” means the firm of Duggleby Stephenson Ltd or its authorised auctioneer,
    as appropriate;
  • (b) “deliberate forgery” means an imitation made with the intention of deceiving
    as to authorship, origin, date, age, period, culture or source but which is unequivocally
    described in the catalogue as being the work of a particular creator and which at
    the date of the sale had a value materially less than it would have had if it had
    been in accordance with the description;
  • (c) “hammer price” means the level of bidding reached (at or above any reserve)
    when the auctioneer brings down the hammer;
  • (d) “terms of consignment” means the stipulated terms and rates of commission on
    which Duggleby Stephenson Ltd accepts instructions from sellers or their agents;
  • (e) “total amount due” means the hammer price in respect of the lot sold together
    with any premium, Value Added Tax chargeable and any additional charges payable
    by a defaulting buyer under these Conditions;
  • (f) “sale proceeds” means the net amount due to the seller, being the hammer price
    of the lot sold less commission at the stated rate, Value Added Tax chargeable and
    any other amounts due to us by the seller in whatever capacity and however arising;
  • (g) “You”, “Your”, etc. refer to the buyer as identified in Condition 2.
  • (h) The singular includes the plural and vice versa as appropriate.


  • (a) Bidders are required to register their particulars before bidding and to satisfy
    any security arrangements before entering the auction room to view or bid;
  • (b) the maker of the highest bid accepted by the auctioneer conducting the sale
    shall be the buyer at the hammer price and any dispute about a bid shall be settled
    at the auctioneer’s absolute discretion by reoffering the Lot during the course
    of the auction or otherwise. The auctioneer shall act reasonably in exercising this
  • (c) Bidders shall be deemed to act as principals.
  • (d) Once made, no bid may be withdrawn.

( 2 ) Our right to bid on behalf of the seller is expressly reserved up to the come of any reservation and the right to refuse any bid is besides reserved .
offer increments shall be at the auction ’ south lone discretion .
The buyer shall pay the hammer price together with a premium thereon of 16.67 % which plus VAT on the premium at the rate imposed by law .
Value Added Tax on the hammer price is imposed by law on all items affixed with an star or double star. Value Added Tax is charged at the appropriate pace prevail by law at the date of sale and is account payable by buyers of relevant Lots. ( Please refer to “ Information for Buyers ” for a brief explanation of the VAT place ) .
( 1 ) immediately a Lot is sold you will :

  • (a) give to us, if requested, proof of identity, and
  • (b) pay to us the total amount due in cash or in such other way as is agreed by

( 2 ) Any payments by you to us may be applied by us towards any sums owing from you to us on any account whatever without respect to any directions of you or your agent, whether express or implied .

  • (1) The ownership of any Lots purchased shall not pass to you until you have made
    payment in full to us of the total amount due.
  • (2) You shall at your own risk and expense take away any lots that you have purchased
    and paid for not later than 3 working days following the day of the auction or upon
    the clearance of any cheque used for payment after which you shall be responsible
    for any removal, storage and insurance charges.
  • (3) No purchase can be claimed or removed until it has been paid for.

( 1 ) If any Lot is not paid for in full and taken away in accordance with these Conditions or if there is any other gap of these Conditions, we, as agent for the seller and on our own behalf, shall at our absolute discretion and without prejudice to any other rights we may have, be entitled to exercise one or more of the follow rights and remedies :

  • (a) to proceed against you for damages for breach of contract;
  • (b) to rescind the sale of that Lot and/or any other Lots sold by us to you;
  • (c) to resell the Lot (by auction or private treaty) in which case you shall be
    responsible for any resulting deficiency in the total amount due (after crediting
    any part payment and adding any resale costs). Any surplus so arising shall belong
    to the seller;
  • (d) to remove, store and insure the Lot at your expense and, in the case of storage,
    either at our premises or elsewhere;
  • (e) to charge interest at a rate not exceeding 1.5% per month on the total amount
    due to the extent it remains unpaid for more than 3 working days after the sale;
  • (f) to retain that or any other Lot sold to you until you pay the total amount due;
  • (g) to reject or ignore bids from you or your agent at future auctions or to impose
    conditions before any such bids shall be accepted;
  • (h) to apply any proceeds of sale of other Lots due or in future becoming due to
    you towards the settlement of the total amount due and to exercise a lien (that
    is a right to retain possession of) any of your property in our possession for any
    purpose until the debt due is satisfied.

( 2 ) We shall, as agent for the seller and on our own behalf pursue these rights and remedies alone thus far as is reasonable to make appropriate recovery in respect of transgress of these conditions
All members of the public on our premises are there at their own hazard and must note the lay-out of the accommodation and security arrangements. consequently neither the auction nor our employees or agents shall incur liability for death or personal injury ( except deoxyadenosine monophosphate required by law by cause of our negligence ) or similarly for the guard of the property of persons visiting anterior to or at a sale .
10. commission BIDS
Whilst prospective buyers are strongly advised to attend the auction and are always creditworthy for any decision to bid for a particular draw and shall be assumed to have cautiously inspected and meet themselves as to its circumstance we will if so teach intelligibly and in writing run bids on their behalf. Neither the auctioneer nor our employees or agents shall be responsible for any failure to do then save where such failure is unreasonable. Where two or more commission bids at the lapp level are recorded we reserve the correct in our absolute discretion to prefer the first gear bid so made .
The seller warrants to the auction and you that the seller is the true owner of the property consigned or is by rights authorised by the true owner to consign it for sale and is able to transfer beneficial and marketable style to the property spare from any third base party claims.

The auction normally acts as agent lone and disclaims any responsibility for nonpayment by sellers or buyers .
13. term OF SALE
The seller acknowledges that Lots are sold subject to the stipulations of these Conditions in their entirety and on the Terms of Consignment as notified to the consigner at the time of the submission of the Lot .
( 1 ) Whilst we seek to describe lots accurately, it may be impractical for us to carry out exhaustive due diligence on each distribute. prospective buyers are given ample opportunities to view and inspect before any sale and they ( and any mugwump experts on their behalf ) must satisfy themselves as to the accuracy of any description applied to a fortune. prospective buyers besides bid on the reason that, inevitably, representations or statements by us as to authorship, genuineness, lineage, date, age, birthplace, stipulate or estimated sell price imply matters of opinion. We undertake that any such opinion shall be honestly and reasonably held and accept liability for opinions given negligently or fraudulently. subjugate to the foregoing neither we the auction nor our employees or agents nor the seller take liability for the correctness of such opinions and all conditions and warranties, whether relating to description, stipulate or quality of lots, express, implied or statutory, are hereby excluded. This stipulate is subject to the adjacent following condition concerning deliberate forgeries and applies save as provided for in paragraph 6 “ information to buyers ” .
( 2 ) Private treaty sales made under these Conditions are deemed to be sales by auction for purposes of consumer legislation .
15. counterfeit
Notwithstanding the preceding Condition, any Lot which proves to be a careful forgery ( as defined ) may be returned to us by you within 21 days of the auction provided it is in the lapp condition as when buy, and is accompanied by particulars identifying it from the relevant catalog description and a written statement of defects. If we are satisfied from the tell presented that the Lot is a careful forgery we shall refund the money paid by you for the Lot including any buyer’s premium provided that ( 1 ) if the catalog description reflected the accept view of scholars and experts as at the date of sale or ( 2 ) you personally are not able to transfer a well and marketable title to us, you shall have no rights under this condition .
The right of return provided by this Condition is extra to any right or redress provided by law or by these Conditions of Sale .
16. We shall have the right at our discretion, to refuse admission to our premises or attendance at our auctions by any person .
17. ( 1 ) any proper to compensation for losses liabilities and expenses incurred in respect of and as a leave of any gap of these Conditions and any exclusions provided by them shall be available to the seller and/or the auctioneer as appropriate .
( 2 ). such rights and exclusions shall extend to and be deemed to be for the benefit of employees and agents of the seller and/or the auctioneer who may themselves enforce them .
18. Any comment to any buyer, seller, bidder or spectator may be given by first class mail in which case it shall be deemed to have been received by the addressee 48 hours after posting .
19. limited terms may be used in catalogue descriptions of particular classes of items in which case the descriptions must be interpreted in accordance with any glossary look at the beginning of the catalog .
20. Any indulgence extended to bidders buyers or sellers by us notwithstanding the rigorous terms of these Conditions or of the Terms of Consignment shall affect the position at the relevant time only and in respect of that particular concession only ; in all other respects these Conditions shall be construed as having full force and effect .
21. DROIT DE SUITE royalty charges. From 14th February 2006 all UK art grocery store professionals ( which includes but is not limited to auctioneers, dealers, galleries, agents and early intermediaries ) are required to collect a royalty payment for all works of artwork that have been produced by living artists. This payment is only calculated on qualifying works of art which are sold for a hammer price more than the UK greatest equivalent of EURO 1,000- the UK greatest equivalent will fluctuate in telephone line with prevailing exchange rates. It is entirely the responsibility of the buyer to acquaint himself with the accurate EURO to UK greatest exchange pace on the day of the sale in this see and the auction accepts no province any if the qualify rate is different to the rate indicated. All items in this catalog that are marked with DDS are potentially modification items and the royalty charge will be applied if the hammer monetary value achieved is more than the UK sterling equivalent of EURO 1,000. The royalty charge will be added to the to all relevant buyers ’ invoices and must be paid before items can be cleared. All royalty charges are passed on to the Design and Artists Copyright Society ( ‘ DACS ’ ) no cover costs or extra fees with respect to these charges will be retained by the auctioneers. The royalty charge that will be applied to qualifying items which achieve a hammer price of more than the UK greatest equivalent of EURO 1,000, but less than the UK greatest equivalent of 50,000 is 4 %. For qualifying items that sell for more than the UK greatest equivalent of EURO 50,000 a sliding scale of royalty charges apply – for a complete list of royalty charges and threshold levels please see www.dacs.org.uk. There is no VAT payable on this royalty charge .
22. ONLINE bidding
Duggleby Stephenson Ltd offer an online command service via the-saleroom.com for bidders who can not attend the sale.

In completing the bidder registration on www.the-saleroom.com and providing your credit card details and unless alternate arrangements are agreed with Duggleby Stephenson Ltd you :

  • A. authorise Duggleby Stephenson Ltd, if they so wish, to charge the credit card given
    in part or full payment, including all fees, for items successfully purchased in
    the auction via the-saleroom.com, and
  • B. confirm that you are authorised to provide these credit card details to David
    Duggleby Ltd through www.the-saleroom.com and agree that Duggleby Stephenson Ltd are
    entitled to ship the goods to the card holder name and card holder address provided
    in fulfilment of the sale.

Please note that any lots purchased via the-saleroom.com live auction service will be subject to an extra % committee charge + VAT at the rate imposed on the hammer price
23. english law applies to the interpretation of these Conditions .

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