SOLD
502,000.00USD+ applicable fees & taxes.
This item SOLD at 2014 Aug 01 @ 13:52UTC-4 : AST/EDT
Did you win this lot?
A full invoice should be emailed to the winner by the auctioneer within a day or two.
U.S. Marshals Service National Jewelry Auction conducted by Gaston & Sheehan Auctioneers
BULLION: [385] South African Krugerrands, Net weight 1 Troy oz
Auction Location:
1901Convention Center Drive, Room B118, Miami Beach, Florida, 33139, United States
Previewing Details:
Preview will be Thursday, July 31, 2014 from 11:00 A.M. until 4:00 P.M. EDT.
Physical inspection will be limited to registered bidders only.
For lots 76-83, 101, 149, 214-218 only a small quantity/portion of the lot will be available for preview at the auction venue and pick up of these lots at the auction facility will not be available. Lots 151-159 will not be available for preview or pick up at the auction venue.
7% sales tax will be charged to buyers taking possession in Florida unless a resale tax number is provided. Items will be relocated to Texas where 8.25% sales tax rate will apply to buyers if taking possession there and do not provide a resale tax number.
Coins and Bullion are tax exempt.
There is no buyer’s premium for this auction.
Taxes:
| Tax | Rate | Desc. |
| FL |
7% |
Florida Sales Tax |
| TX |
8.25% |
Texas Sales Tax |
Buyer's Premiums:
| From (Incl.) | To (Excl.) | Premium |
| 0.00 |
Infinite |
0% |
Additional Fees:
Shipping Details:
Paid merchandise can be removed when convenient until 5:00 P.M. EDT on auction day; August 1st. Any items left thereafter will be shipped at buyers expense.
Gaston & Sheehan will utilize the following carriers and assess a minimal fee for packaging and handling; UPS, FedEx, US Postal Service and armored transports. Quotes will be given on final invoice.
Payment Details:
ACCEPTED PAYMENTS: Cash, Cashiers Check(s), Money Order(s), Personal or Company Check with an Original Verified Bank Letter of Guarantee, ACH Bank Debit or Bank Wire. NO DEBIT or CREDIT CARDS.
All purchases paid by ACH or wire will be held until funds are confirmed and are accessed a $10 fee per Bank Wire and $5 fee for ACH Bank Debit. Credit Cards will be accepted for deposits ONLY.
FULL payment is due Wednesday, August 6th.
7% Sales Tax is applicable for all merchandise retrieved in Florida if a resale tax number is not provided. Items will be relocated to Texas where 8.25% sales tax rate will apply to buyers if taking possession there. There is NO buyer’s premium for this auction. Coins and Bullion are tax exempt.
PAYMENTS TO: Gaston & Sheehan Auctioneers, Inc., 1420 FM 685, Pflugerville, TX 78660
Accepted Payment Methods:
- Money Order/Bank Draft
- Check/Cheque
- See Payment Details
- Wire Transfer
Everything sells “As Is – Where Is” with no warranties or guarantees expressed or implied! All purchases become the responsibility of the buyer when sold to the highest bidder. Bidders are responsible for making a determination as to the items condition and value from inspection prior to bidding. Inability to observe defects or deficiencies in a lot through inspection is a risk inherent in the auction process and will not be basis for any refund or adjustment in the sales price. Failure to view/inspect any property for sale shall not constitute cause of cancellation of sale. It is hereby warned that bidders should not bid on the basis of photography alone. All sales are recorded and any discrepancies will be settled after the conclusion of auction.
By placing a bid, you are entering into a legally binding contract and agree to follow through with the purchase of the item should you win the item. Bidder expressly agrees not to stop payment, dispute or contest this transaction. FAILURE TO PAY FOR ITEMS WILL RESULT IN DENIAL FROM PARTICIPATION IN ANY FUTURE U.S. MARSHALS SERVICE AUCTIONS.
All descriptions are believed to be correct; however neither Gaston & Sheehan Auctioneers nor the U.S. Marshals Service assumes any liability as to the accuracy of any descriptions, quantity, weight, grade, quality, purity, value or any other feature(s). No allowance, refund or set aside will be made on account of any incorrectness, error in cataloging, imperfection, defect or damage. Any descriptions or representations are for identification purposes only and are not to be construed as a warranty of any type.
Gaston & Sheehan Auctioneers, Inc. neither conducted an appraisal, nor has any association with the appraiser for this auction. Appraisals are conducted under a separate contract with the U.S. Marshals Service, which is completely separate from the auction contract. The Auctioneer has no control over the appraisal contract, and cannot warranty, stand behind or guarantee information contained in the appraisal.
The Buyer specifically agrees and acknowledges that the use of the term “tested” as used to describe articles of jewelry means only that the Auctioneer believes that the article described has been tested as to the gold or silver and the Auctioneer makes no warranty that the gold or silver content is as described. Likewise, the description of a diamond or other gem or the description of a particular brand does not constitute any representation or warranty that the article is as described. It is the Buyers sole responsibility to determine the authenticity of any item purchased.
The Estimated Price Range listed in the catalog is listed as a convenience to buyers. These prices reflect estimates based upon historical sales of similar items.
The Auctioneer has the right to reject any and all bids on behalf of the Seller and to bid as agent for any Absentee Bidder. The Auctioneer is not responsible for the acts or representations of the Seller. Seller shall retain full security interest in all merchandise until full and complete payment is made to Seller or Gaston & Sheehan Auctioneers.
Security for purchases is the responsibility of the Buyer and begins immediately upon the sale of each lot. Removal is at the expense, liability and risk of the Buyer. Auctioneer shall not be responsible for goods not removed within the specified time periods. Auctioneer shall not be responsible for non-delivery or for any other matter or thing to any purchaser of any lot, in any event. The U.S. Marshals Service retains the right to reject any bids for any reason or to make counter offers or accept back up offers at their sole discretion.
All Bidders Must Read and Acknowledge the Prohibited Parties Statement & Buyer's Certification:
USMS Policy Directive 13.7, Persons Prohibited from Purchasing Forfeited Property stipulates that certain individuals are prohibited from purchasing forfeited property in the Department of Justice (DOJ) Asset Forfeiture Program, directly or indirectly (through another person or agent) and are therefore barred from placing bids to buy such property:
a) U.S. Department of Justice employees, including U.S. Marshals Service employees, except as further restricted below;
b) U.S. Marshals Service employees directly involved with the Asset Forfeiture Program, and their immediate family members;
c) Contractors, sub-contractors and the employees of contractors and sub-contractors of the Asset Forfeiture Division, U.S. Marshals Service, who provide contract/management services for personal and real properties and complex assets, including, but not limited to, any person who has received compensation, directly or indirectly, from the Government in connection with the custody, management, and care of the assets;
d) Defendants in a Criminal Case - Titles 18.U.S.C. Section 1963(f) and 21 U.S.C. Section 853(h) of the Comprehensive Crime Control Act of 1984 prohibits the United States Government from reverting to a defendant or any defendant's conviction on charges, or violations of 18 U.S.C. Section 1962 or 21 U.S.C. Section 841 et. seq;
e) As a matter of policy, the USMS extends the purchase restrictions of a criminal case to any person whose conduct gave rise to a civil forfeiture of the property or to anyone acting in concert with or on behalf of, such a person. This general prohibition may be lifted in civil forfeiture actions on a case by case basis due to extenuating circumstances, as determined by AFD and the relevant United States Attorney's Office (USAO), with concurrence of the Ethics Officer, Office of General Counsel (OGC);
f) Other Third Parties- other governmental and non-governmental employees who are, directly or indirectly, involved in the Asset forfeiture and DOJ Equitable Sharing Programs; and
g) Anyone acting in concert with or on behalf of any of the above persons.
In accordance with title 18 U.S.C. Section 1963(g) and 21 U.S.C. Section 853(h), you must certify that you are not acting and will not act in concert with the defendant(s) from whom the property was seized or to any person whose conduct gave rise to a civil forfeiture of the property or to anyone acting in concert with or on behalf of such a person. Understand that any falsification of the information provided in this statement is punishable under the provisions of title 18, U.S.C., section 1001, by a fine of not more than $10,000 or by imprisonment of not more than 5 years, or both. All sales are subject to confirmation by the US Marshals Service.
REGISTRATION & BIDDING OPTIONS:
LIVE BIDDING: To bid you must register and obtain a bid card. Registration will be Thursday, July 31st from 11:00 A.M. to 4:00 PM. and Friday, August 1st starting at 8:30 A.M. and continues throughout the auction. To register you will need a valid photo ID and a $500 cash deposit. Deposits for unsuccessful bidders will be returned in the same form when exiting.
Upon the conclusion of the auction or bidding; Buyers will be required to verify purchases, make final payment and/or discuss final payment arrangements and receive checkout instructions prior to exiting the auction facility.
ONLINE SIMULCAST BIDDING: To bid you can register at TxAuction.com and submit a $1,000 deposit no later than 5:00 P.M. CST, on Thursday, July 31st to Gaston & Sheehan Auctioneers, Inc. by any acceptable payments listed below. The pre-bidding feature will be available throughout the auction.
Deposits for unsuccessful bidders will be returned by ACH or company check within seven business days from auction.
PRE-BIDDING: Written bids will be accepted until Thursday, July 31st at 2:00 P.M. CST with a $1,000 deposit.
ACCEPTED PAYMENT: Cash, Cashiers Check(s), Money Order(s), Personal or Company Check with an Original Verified Bank Letter of Guarantee, ACH Bank Debit or Bank Wire. All purchases paid by ACH or wire will be held until funds are confirmed and are accessed a $10 fee per Bank Wire and $5 fee for ACH Bank Debit. Credit Cards will be accepted for DEPOSITS ONLY.
FULL payment is due Wednesday, August 6th.
7% Sales Tax is applicable for all merchandise retrieved in Florida if a resale tax number is not provided. Items will be relocated to Texas where 8.25% sales tax rate will apply to buyers if taking possession there. There is NO buyer’s premium for this auction. Coins and Bullion are tax exempt.
PAYMENTS TO: Gaston & Sheehan Auctioneers, Inc., 1420 FM 685, Pflugerville, TX 78660
MERCHANDISE REMOVAL & SHIPPING: Paid merchandise can be removed when convenient until 5:00 P.M. EDT on auction day; August 1st. Any items left thereafter will be shipped at buyers expense.
Gaston & Sheehan will utilize the following carriers and assess a minimal fee for packaging and handling; UPS, FedEx, US Postal Service and armored transports. Quotes will be given on final invoice.