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These Terms and Conditions govern all auctions conducted by Provenance Auctions e.U. and Provenance Auctions Kft. (hereinafter collectively referred to as the “Auctioneer”).
1.1. The auctioneer organize and carry out the auction sale of
goods listed in this catalogue voluntarily and publicly in own name
and for the account of the consignors.
1.2. Participation is open
to the public; however, the Auctioneer reserves the unrestricted
right to refuse or revoke participation at its sole discretion and
without the obligation to provide justification.
1.3. All
participants must register in advance. By placing a bid, each bidder
acknowledges and accepts full responsibility for all obligations
arising therefrom, including timely payment and lawful use of their
account.
All bidding is conducted in Euros (€).
Starting prices listed in the auction catalogue represent the minimum acceptable bid. Bidding increments are the follows:
Up to 40 EUR
1 EUR
From 40 EUR to 60 EUR
2
EUR
From 60 EUR to 80 EUR
3 EUR
From EUR 80 to
EUR 100
4 EUR
From EUR 100 to EUR 200
5
EUR
From EUR 200 to EUR 500
10 EUR
From EUR 500
to EUR 1 000
25 EUR
From EUR 1 000 to EUR 2 000
50
EUR
From EUR 2 000 to EUR 5 000
100 EUR
From EUR
5 000 to EUR 10 000
250 EUR
From EUR 10 000 to EUR 50
000
500 EUR
From EUR 50 000
1000 EUR
2.3. The highest bid acknowledged by the Auctioneer shall
constitute the winning bid.
2.4. Bidders unknown to the Auctioneer
may be required to provide a deposit equal to 10% of
their intended bidding amount or of the credit limit requested.
2.5.
New clients must complete the registration process no later than two
(2) business days prior to the start of the auction and must
expressly consent to the Auctioneer contacting any auction houses
listed as references in order to verify their identity, bidding
history, and conduct.
All descriptions and grading assessments are prepared with due care and are published in the online catalogue. In the event of any discrepancy between textual descriptions and images, the images shall prevail.
The grading of coins is a personal judgement but corresponds
to the accepted grading scale in the European coin business.
3.2.
Items may be inspected prior to the auction upon request.
Appointments may be arranged via email at:
[email protected].
3.3. All items
are sold “as seen”, and no claims regarding
condition or quality will be accepted after the sale, except as
expressly provided in Section 7.
The official language of the auction is English. All lot descriptions are prepared in English; therefore, bidders are requested to verify the accuracy of any translations they rely on. We cannot accept responsibility for misunderstandings arising from the use of Onebid’s or any other automatic translation function.
4.1. The total purchase price consists of the hammer price plus a
22% buyer’s premium.
4.2. An additional 2%
live-bidding fee applies to purchases made via online
live-auction platform (Onebid). All premiums include VAT where
applicable.
4.3. International buyers are solely responsible for
compliance with customs, tax, and import regulations in their own
jurisdiction.
4.4. Payment is due within five (5) business
days from the date of the Auction.
4.5. In the event of
non-payment, the Auctioneer reserves the right to place the
defaulting buyer on a blacklist, thereby preventing
future participation in auctions hosted by Provenance Auctions and
potentially by other auction houses.
4.6. Removal from the
blacklist is possible only after the buyer fully compensates the
Auctioneer for all losses incurred, specifically the buyer’s
premium, which accrues interest at 2% per month
until paid in full.
4.7. In such cases, the winning lot will not
be transferred to the defaulting buyer. Upon expiry of the payment
deadline, the item is returned to the Consignor. The defaulting buyer
is therefore neither entitled to the item nor to any form of
compensation.
Accepted payment methods include:
Cash (EUR or HUF) — in person, by appointment only, available exclusively for purchases exceeding €1,000
Bank transfer (EUR or HUF)
Wise transfer (EUR or HUF)
PayPal / Card Payment (EUR) — subject to a 6% processing fee
All invoices are issued in Euros (€). Currency conversions, where applicable, are based on the official European Central Bank exchange rate.
6.1. Shipping costs include insurance coverage according to the following scale:
Invoice < €500 → no insurance
€500–999 → insured up to €500
€1,000–2,999 → insured up to €1,000
€3,000+ → insured up to €3,000
6.2. Buyers requiring higher-value insurance must notify the
Auctioneer prior to payment. Additional insurance is
charged at 2% of the amount exceeding €3,000.
6.3.
The Auctioneer bears no liability for loss or damage
exceeding the insured amount.
6.4. Claims may only be processed
once the courier or insurer formally confirms reimbursement.
6.5.
Any negligence or error by the buyer (e.g., incorrect address,
refusal of delivery, return shipment) renders the buyer fully liable
for all associated costs.
7.1. The Auctioneer guarantees authenticity of all items listed in
the catalog unless otherwise is stated in the description, such as
„sold as is”, including restrikes, later strikes, counterfeits,
or any lots described with such notation—no warranty applies in
such cases.
7.2. Claims relating to condition
(such as plugs, mount traces, or other defects) must be submitted in
writing by email within 14 days of receipt of the item.
We do not accept any unidentified packages without prior notification, and we do not accept cash-on-delivery shipments under any circumstances.
If you wish to return an item within the 14-day period, you must first notify us by email. Once you have received our written confirmation acknowledging your claim, you may return the item at your own expense to the address provided by us.
7.3. The following categories are excluded
from returns and claims:
Professional buyers or companies, who may only submit claims concerning authenticity; the 14-day withdrawal period does not apply to them.
Personal pickup: in the case of personal pickup, the buyer has the opportunity to examine the item before taking possession. Therefore, the 14-day right of withdrawal does not apply in this case.
Coins graded Fine (F) or below
Group lots
Lots explicitly sold “as is”, including restrikes, later strikes, counterfeits, or any lots described with such notation—no warranty applies in such cases.
7.4. Slabbed/graded coins (e.g., NGC, PCGS) are not
eligible for return to the Auctioneer. Any disputes
regarding grading or authenticity must be resolved directly with the
grading company.
7.5. Once a coin has been removed from its
holder, all claims become void.
7.7. The
Auctioneer’s liability is limited strictly to proven direct
property damage up to the amount of the hammer price. The Auctioneer
shall not be liable for consequential losses or loss of profit.
7.8.
The Auctioner bears no responsibility for customs duties, taxes, or
any other buyer-side expenses.
By placing a bid, the bidder acknowledges full acceptance of these Terms and Conditions and agrees to be legally bound by them.
All disputes arising out of or in connection with these Terms and Conditions shall be subject to the exclusive jurisdiction of the competent courts of Vienna, Austria, or Budapest, Hungary, depending on which company issued the invoice and therefore which legal entity the contractual relationship was established with.
Austria, Vienna – October 6, 2025