NOT SOLD (BIDDING OVER)
0.00USD+ applicable fees & taxes.
This item WAS NOT SOLD. Auction date was 2002 Apr 21 @ 10:00UTC-08:00 : PST/AKDT
JAMES MADISON, 4th President of the United States. Check Signed, "James Madison, as President, and accomplished in his hand, July 28, 1813, Washington, 2.75" x 7.25", Fine. Drawn on the Office of Pay and Deposit of the Bank of Columbia for eleven dollars, payable to Mr. Thorpe. A Federal eagle is engraved within a decorative border at the left margin. Madison checks written as President are rare, especially during the War of 1812. The consignor bought this check in 1954 from noted autograph dealer Mary Benjamin.
Auction Location:
United States
Previewing Details:
Upon request, prior to auction date
Additional Fees:
Shipping Details:
Shipping and handling fees are calculated based on value and size of the package as well as the destination. The shipping and handling fees will be added to each invoice.
Payment Details:
Visa, MasterCard, American Express, Discover, PayPal, Personal Checks, Money Orders
1. This is a Mail Bid, Phone & Fax Auction - Bids accepted by Mail, Fax, Phone and Email. The sale is conducted in accordance with the regulations of the State of California and the City of San Diego.
<p>2. A 15% "Buyer's Premium" will be added to the final "hammer price" of each lot. This Sum will be the Purchase Price. Consignors who purchase lots, even if they own them, are subject to this fee in addition to the contracted "Seller's Fee", unless their contract specifies otherwise.
<p>3. MAIL, FAX and PHONE BIDS will be accepted. The signed original bidder form must immediately follow in the mail marked "Faxed or Phoned," with date at top.
<p>4. Auction sales are sold strictly for cash in U.S. Funds. Lots will be sold in even dollar amounts. Shipping, Handling and Insurance costs will be added to each invoice and are the responsibility of the buyer. California residents add 7.25% sales tax; San Diego County residents add 7.75% sales tax. Returned check fee - $25 per occurrence.
<p>5. The auctioneer will competitively bid for mail bidders in reasonable increments. However, as we feel our estimates reflect fair market values, all bids entered below any "Low estimate," including any requested increases, will not be reduced. EAHA and its owners expressly reserve the right to bid upon and/or consign items in this sale. We represent and bid for both mail bidders and consignors. Some lots may carry a reserve.
<p>6. This is NOT AN APPROVAL SALE. If you do not intend to buy, please do not bid! Bids below 60% of Low Estimate are typically considered frivolous and may not be entered. The auctioneer reserves the right to reject any bid and withdraw any lot without recourse or notification to bidders. Certain credit terms must be arranged and confirmed in writing, well in advance of bidding. Bidders agree to allow EAHA to report information about how they handle their account to others, including credit reporting agencies.
<p>7. New bidders must furnish satisfactory credit references, or deposit 20% of their total bids, before such bids can be accepted. Deposits will be applied to purchases and any unused portion will be refunded within 10 days.
<p>8. All lots shall be sold to the highest bidder as determined by the auctioneer. If any dispute arises, the auctioneer's decision shall be absolute and final. No "Unlimited" or "Buy" bids will be accepted.
<p>9. When identical mail bids are received, preference is given to the first bid. Official results will be announced on the Tuesday following the sale date, as all bids and final bid sheets are checked and audited on Monday. No results, verbal or otherwise, are valid or binding until the official results have been published.
<p>10. Grading is a subjective description. It is the opinion of the cataloguer as to the state of preservation of a particular coin or lot. The term "proof" is used to describe a method of manufacture and is not a grade or condition. Such terms are the opinion of the cataloguer and shall be deemed to be part of the description and not an attribution. No warranty, whether expressed or implied, is made with respect to such grade, condition, or other adjectival descriptions, which can and do vary, even among experts. No warranty, whether expressed or implied, is made that any specific item in this sale will subsequently be graded the same way by any third party or other grading service, or to its merchantability. All lots Certified by PCGS, NGC, ANACS, PCI or any independent grading service are sold "As Is" and are absolutely not returnable. Bidders inspecting lots prior to the sale will not be granted any return privileges, except for reasons of authenticity. All group lots are sold "AS IS" and are not returnable.
<p>11. Lots must be Paid in Full IMMEDIATELY upon receipt of the auction invoice. Balances still due 15 days past our auction date are considered late and are subject to a 1.5% per month finance charge. By bidding in this sale, even if for a corporation or as an agent of another individual, a bidder personally guarantees prompt payment upon receipt of invoice and adherence to all terms of sale. EAHA at any time may rescind a sale for non-payment by the buyer.
<p>12. The auctioneer reserves the right to postpone or delay the auction, for a reasonable period of time, due to any significant, relevant event which, in the sole judgment of the auctioneer, makes it inadvisable to hold the auction as scheduled, without recourse from any bidder or prospective bidder.
<p>13. All items offered in this catalogue are guaranteed to be genuine and as described forever. This guarantee is extended only to the original buyer with invoice, subject to the terms listed below. Due to the unique manufacture of Encased Postage Stamps, they are only returnable within the normal 30 day period after each sale. Also, all non-numismatic items are only returnable within the normal 30 day period after each sale. After that time they are considered sold "AS IS" and are expressly not returnable, for any reason whatsoever, including question of authenticity.
<p>14. If a lot is found to be substantially non conforming having a material error to its catalog description, thereby significantly reducing its value, the purchaser must notify EAHA, in writing, within three days of receipt. And, in any event, we must receive back, to re-inspect the lot, within 30 days of our auction date. After that 30 day period, no lot may be returned. The lot must remain in its original, sealed auction holder. Final determination of such claim's merit rests solely and absolutely with the auctioneer. Any and all return privileges may be voided, at EAHA's discretion, if payment is not received by EAHA within 30 days after the auction date. Any dispute after the settlement date (45 calendar days after the sale date) is strictly between the bidder and consignor without involvement or responsibility of the Auctioneer.
<p>15. Title to any lot remains with the consignor or EAHA and shall not pass to the successful bidder until the lot is actually paid for in full. On any lot delivered, but not paid for in full, EAHA retains a full purchase money security interest. Buyers consent to allow EAHA to sign and file any documents required or permitted by law to perfect such interest, at buyer's expense. EAHA reserves the right to require payment of good funds in full before delivering any lot to the successful bidder. EAHA also retains the right to offset any accounts due, whether now or in the future, against funds, numismatic items, or collateral in their possession. If a successful bidder fails to pay all amounts due, EAHA reserves the right to resell the merchandise and the buyer agrees to pay for the reasonable costs of such a sale, including a 15% seller's commission, and also pay any difference between the resale price and the price of his previously successful bid. It is the buyer's responsibility and obligation to have the lots fully insured while in his possession. Risk of Loss is on the buyer.
<p>16. Any claim or controversy arising out of non-payment or other matters (which at the exclusive option of the auction company may be referred to arbitration) may be settled exclusively by binding arbitration under the rules of the American Arbitration Association. By bidding in this sale, you agree to be bound by the arbitration provisions of the American Arbitration Association. In all cases the maximum liability of EAHA for an item sold shall be the hammer price plus the 15% buyer's charge, as listed in the official Prices Realized. Arbitration, or legal action, shall take place at San Diego, California, unless at EAHA's sole discretion, determines elsewhere; upon any arbitral award resulting therefrom, judgment may be entered in any court of competent jurisdiction. In the event of judicial action for non-payment, the bidder agrees to the payment of reasonable attorney fees and related costs.
<p>17. Bidding in this auction sale constitutes acceptance by the bidder of all the foregoing Terms and Conditions.