1958 Gold Sovereign NGC MS 66

Terms and Conditions of Sale

These Terms and Conditions (“Terms”) apply as between you, the Buyer of Goods from TCC ANCIENTS LTD reg: 15865704 / TCC AUCTIONS LTD reg: 15865766 / TCC DIRECT LTD reg: 15865879, 26 Seymour Street, London, W1H 7JA  (referred to as “TCC”, “we”, “our”, or “us”) whether at Auction or by direct purchase. By purchasing Goods from us, you agree to to comply with and be bound by these Terms. If you do not agree to be bound by these Terms and Conditions, you may not participate in any Auction or otherwise purchase Goods from us.

1. Definitions and Interpretation

In this Agreement the following terms shall have the following meanings:

“Auction” an auction taking place on a website operated by TCC;

“Buyer” is you, the buyer of any Goods from TCC, whether at Auction or otherwise;;

“Carrier” any third party responsible for transporting purchased Goods or Auction Items from our Premises to customers;

“Goods” the coins and any other products that TCC advertises and/or makes available for sale and sold to the Buyer whether by Auction or otherwise;

“Premises” our place(s) of business located at 26 Seymour Street, London, W1H 7JA, United Kingdom;

“Sale Price” is the total purchase price to be paid by the Buyer, including any applicable buyer premium.

“TCC” TCC ANCIENTS LTD / TCC AUCTIONS LTD / TCC DIRECT LTD;

“Website” the website that you are currently using (https://thecoincabinet.com, https://auctions.thecoincabinet.com/, https://www.the-saleroom.com/en-gb/auction-catalogues/the-coin-cabinet,  and https://www.easyliveauction.com/auctioneers/thecoincabinet/ and any sub-domains of this site..

2. Proof of Identity

In certain circumstances, you may be required to provide certified proof of identity to satisfy the anti-money laundering and fraud legislation that governs this industry. We may also request such information for our own security checks in order to provide for the safe delivery of your product. We shall advise you as to the suitable documents at the time of any such request made.

At our discretion, for orders over £5,000 or for cumulative orders of over £10,000 in any one year we may require a certified copy of the purchaser's photographic ID, and a copy of a recent utility bill (this is required irrespective of method of payment). We may use your personal information to conduct anti-fraud checks. Information which you supply may be given to credit reference or fraud prevention agencies. All personal information provided will be treated in accordance with the Data Protection Legislation.

3. Payment

Buyer shall pay TCC in full the Sale Price and any applicable shipping and insurance costs within 7 days of the sale.

Payment is by bank transfer or cheque in GBP only. We do not accept PayPal and/or credit/debit card.

Ownership of the Goods shall not pass to the Buyer and the Buyer shall not be entitled to delivery of any Goods until they have made full payment in cleared funds to TCC of the total amount due. Payment shall be deemed to have been made only after TCC has received cash or sterling bankers draft or the Buyer's cheque has been cleared. The invoice amount is due immediately when issued.

Should a Buyer fail to pay within 7 days after receiving an invoice, TCC reserves the right to take legal proceedings against the Buyer, as well as pass collection over to a debt collection agency. This would entail a collection fee of 15% of the value of the total order, payable by the Buyer, plus any additional collection costs. In addition to this, TCC may, after the 7-day period, at its discretion:

• rescind the sale of Goods sold to the Buyer;
• re-sell all or any Goods by public auction or private treaty and any deficiencies in the Sale Price resulting from such sale together with full costs incurred in connection with the re-sale of the Goods shall be immediately payable by the Buyer to TCC. Buyer is not entitled to any surplus over the proceeds of such re-sale;
• remove, store and insure (on any premises) the Goods at the expense of the Buyer;
• reject any bids made by or on behalf of the Buyer at any future Auction, or obtain part payment before accepting any future bids; and
• apply any proceeds to the costs incurred by TCC as a result of such non-payment.

You hereby indemnify TCC, on a full indemnity basis, for any losses TCC may incur as a result of your failure to pay any sums due hereunder.

4. Delivery

All Goods will be delivered via TCCs delivery method of choice, which will depend on the total value of the shipment and the Buyer’s location. TCC will provide a tracking number as a receipt of shipment. All Goods will be insured during transit at prevailing insurance cost.

The ownership of a Lot/Item(s) shall not pass to the Buyer, and the Buyer shall not be entitled to delivery of any Lot/Item(s) until they have made full payment in cleared funds to the TCC of the total amount due. Payment shall be deemed to have been made only after the TCC has received cash, a sterling banker’s draft, or the Buyer’s cheque has been cleared. Unless otherwise agreed, the invoice amount is due immediately when issued.

When the Lot/Item(s) is sold, the Buyer shall pay the TCC in full the Hammer Price together with the Buyer Premium within 7 days of the sale.

TCC will not ship any Lot/Item(s) until the full invoice amount has been cleared.

TCC shall not take liability or be held liable for any customs charges, the declaration holds, or any other investigations related to the shipment of Lot/Item(s).

If the Buyer does not clarify or notify us of their preferred shipping method, and no confirmation is received from our team or a TCC representative, we will proceed with the default shipping method.

All UK orders are shipped via Royal Mail or DHL at their prevailing shipping rates from time to time. Shipping costs will be advised prior to dispatch of Goods. The current rates are as set out below.

Insurance cover at 0.25% of order total will be added. All international orders are shipped via Royal Mail up to an order value of £20,000, via DHL on order values over £20,000. Insurance cover at 0.75% of order total will be added. 

Shipping costs may increase for 

• Orders of multiple Goods, bulky or heavy items. 
• Orders to remote locations which have a surcharge (we may not know this beforehand as this is   calculated when we book the shipment with the Carrier).

5. International Buyers

If Goods are purchased by Buyers from outside the United Kingdom, import duties and taxes may be incurred once the Goods reach their destination. TCC is not responsible for these charges and we undertake to make no calculations or estimates in this regard. If you are buying internationally, you are advised to contact your local customs authorities for further details on costs and procedures. As a purchaser of the Goods, you will also be the importer of record and as such should ensure that your purchase is in full compliance with the laws of the country into which the Goods are being imported. Please be aware that Goods may be inspected on arrival at port for customs purposes and TCC cannot guarantee that the packaging of such Goods will be free of signs of tampering. Accepting and signing for the delivery of a package that shows signs of tampering/opening may restrict your rights to return the item to us.

6. Condition of Goods

Goods sold are normally of some age and are sold with any faults, imperfections and errors of descriptions.

TCC does not accept responsibility for any grade mentioning or other attribution, authorship or estimated price of any Goods, any representation in any catalogue, brochure, or advertisement. Every Buyer should exercise and rely on their own judgement as to such matters and neither TCC nor its employees or agents accept any responsibility for the correctness of such opinion or information.

Where coins are sold in a plastic holder (“slab”) with a grade by a professional coin grading company, the professional coin grading company have their own warranty as to the authenticity and grade stated. TCC does not accept responsibility for these professional grading companies’ grades. Should the Buyer disagree with the grade on a slab they must themselves exercise their right to submit a coin for regrading and TCC shall not be liable for any cost the buyer incurs in doing so.

Where a Buyer has had the opportunity to view any Goods, they waive their right to raise any objection in relation to such Goods where such a viewing would have reasonably highlighted the issue in question.

7. Termination and Cancellation

TCC reserves the right to cancel purchases without stating reasons, for any reason prior to processing payment and dispatch.

If purchases are cancelled for any reason prior to dispatch you will be refunded any monies paid in relation to those purchases.

Due to the nature of the Goods, and in particular their price being subject to fluctuations in the financial markets, your right to cancel under Regulation 13 of the Consumer Protection (Distance Selling) Regulations 2000 does not apply. Where relevant, should you wish to cancel an order for an item which you have paid for prior to its coming into stock, in consequence of a price fluctuation, the cancellation charge will be 2.5% of the total order value, plus any consequential loss owing to the fluctuation in the price of the metal.

As stated above Goods bought at Auction are not refundable nor returnable. However, if we agree that Goods do not meet the standard as described or are below standard, we will happy provide you with an exchange or refund.

8. Limitation Of Liability

To the maximum extent permitted by law, TCC accepts no liability for any direct or indirect loss or damage, foreseeable or otherwise, including any indirect, consequential, special or exemplary damages arising from the use of the Website or any information contained therein. Users should be aware that they use the Website and its Content at their own risk.

9. Force Majeure

We are not liable or responsible for any delay or failure to perform any of our contractual agreements caused by events outside of our reasonable control (a “Force Majeure Event”). A Force Majeure Event includes, but is not limited to, an act, event, non-occurrence, accident or omission that is beyond our reasonable control, including;

• riot, invasion, terrorist attack (or threat of), war (declared or undeclared),or any occurrence resulting from a declared crisis in the banking system;
• fire, flood, earthquake, storm, subsidence, epidemic or any other natural disaster;
• inability to use transport, including railways, shipping, aircraft, motor transport and any other means of private or public transport; or
• inability to use public or private telecommunication networks/internet.

Any obligations on us are suspended for the duration of any Force Majeure Event, and we will also have additional time to perform our obligations for the duration of any Force Majeure Event.

We will take any reasonable steps to help bring the Force Majeure Event to an end or find a way to complete our obligations despite the Force Majeure Event, and resume normal trading terms as soon after the event as possible.

10. Communications

All notices/communications shall be given to us either by telephone (contact numbers can be found on the contact us page of this website) or by email to contact@thecoincabinet.com. Such notice will be deemed received on the day of leaving a telephone message clearly stating your name and your telephone number if message is left on a business day and on the next business day if the email is sent on a weekend or public holiday. Alternatively, such notice will be deemed received on the day of sending if the email is received in full on a business day and on the next business day if the email is sent on a weekend or public holiday. 

TCC may from time to time send you information about our products and/or services. If you do not wish to receive such information, please let us know via contact@thecoincabinet.com.

11. Miscellaneous

In the event that TCC fails to exercise any right or remedy contained herein, this shall not be construed as a waiver of that right or remedy.

These terms and conditions constitute the entire agreement between the parties and supersedes all previous discussions, correspondence, negotiations, arrangements, understandings and agreements between them relating to the subject matter contained herein.

Third Party Rights. Nothing in these Terms and Conditions shall confer any rights upon any third party. The agreement created by these Terms and Conditions is between you and TCC.

If any provision or part-provision of these Terms and Conditions is or becomes invalid, illegal or unenforceable, it shall be deemed modified to the minimum extent necessary to make it valid, legal and enforceable. If such modification is not possible, the relevant provision or part-provision shall be deemed deleted. Any modification to or deletion of a provision or part-provision under this clause shall not affect the validity and enforceability of the rest of these Terms and Conditions.

These Terms and Conditions and the relationship between you and TCC shall be governed by and construed in accordance with the Law of England and Wales and TCC and you agree to submit to the exclusive jurisdiction of the Courts of England and Wales.

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By TCC ANCIENTS LTD / TCC AUCTIONS LTD / TCC DIRECT LTD - 2nd September 2024