SOLD
55,000.00HKD+ buyer's premium + applicable fees & taxes.
This item SOLD at 2014 Apr 12 @ 15:20UTC+8
Did you win this lot?
A full invoice should be emailed to the winner by the auctioneer within a day or two.
PLEASE CONTACT US TO REGISTER FOR LIVE BIDDING OR ABSENTEE BIDDING AT:
PH: 1-201-944-4800
FAX: 1-201-871-4345
Web: www.archivesinternational.com
Email: info@archivesinternational.com
Snail Mail:
Archives International LLC
1580 Lemoine Ave
Suite #7
Fort Lee, NJ 07024
The auction will take place in Hong Kong at the:
Harbour Plaza North Point Hotel,
665 King’s Road, Northpoint,
Hong Kong, China
1368-99. 1 Kuan, P-AA10, S/M#T36-20, Issued banknote. 10 Strings of Cash Coins at top center on front and back center at bottom. 2 large red seals on face and one on back. Printed on dark gray mulberry paper. A superb AU to Uncirculated condition note rarely seen this nice. This note came from a group of these notes that were discovered during the œBoxer Rebellion”. The notes were printed by the œHung-wu Emperor” to create a national currency. The legends on the notes cites the authority of Hung-wu, the punishment for counterfeiting and reward for informants. The term Kuan (Quan, Kwan) relates to the Quan system of money (silver bars). This is the earliest form of printed currency available in the world. A superior example that will be almost impossible to improve upon.
Auction Location:
1580 Lemoine Ave., Suite 7, Fort Lee, New Jersey, 07024, United States
Previewing Details:
Viewing times and appointments:
Please contact Dynasty Auctions Company LTD in Hong Kong at:
Telephone: 852.3153.5541
Fax: 852.3153.5543
E-mail: stamps@dynastyauctions.net
The viewing will be held at the
Harbour Plaza North Point Hotel,
665 King’s Road, Northpoint,
Hong Kong, China
Wednesday to Saturday, April 9th to 12th with times to be announced.
Buyer's Premiums:
| From (Incl.) | To (Excl.) | Premium |
| 0.00 |
Infinite |
18% |
Additional Fees:
Shipping Details:
No Info Available
Payment Details:
No Info Available
Accepted Payment Methods:
- VISA
- Master Card
- Discover
- Money Order/Bank Draft
- Check/Cheque
- Wire Transfer
CONDITIONS OF SALE
THE PLACING OF A BID SHALL CONSTITUTE ACCEPTANCE OF THESE CONDITIONS OF SALE
BIDDING
1. Unless announced otherwise by the auctioneer, all bids are per lot, as numbered in the printed Catalogue. Archives International Auctions in as¬sociation with Dynasty, as agent for the consignor or vendor, shall regulate the bidding and shall determine the manner in which the bidding shall be conducted. Archives International Auctions in association with Dynasty, re¬serves the right to withdraw any lot prior to sale (without liability to any po¬tential purchaser or agent), to re-offer any withdrawn lot, to divide a lot or to group two or more lots belonging to the same consignor or vendor, and to refuse any bid believed not made in good faith. Estimates of sales prices contained in the printed Catalogue reflect the best judgment of Archives In¬ternational Auctions in association with Dynasty,and are not minimum or upset prices.
2. (a) Bids shall be made in the steps set forth on the bidding page (ii). (b) The highest bid acknowledged by the auctioneer shall prevail. Should a dispute arise between bidders (including a dispute between a floor or nternet bidder and the auctioneer acting on behalf of a mail bid der, consignor or vendor), the auctioneer alone shall determine who the successful bidder is and whether to reoffer the lot in dispute. Should a dispute arise after the sale, the auctioneer’s sale records shall be conclusive. On all lots sold, a commission of 18% on the hammer price is payable by the buyer to the auctioneer together with any sales and use tax or customs duties.
3. (a) The auctioneer reserves the right to bid on behalf of clients (and con signors or vendors) but shall not be liable for errors and omissions in executing instructions to bid, however received, and whether such errors or omissions be those of the bidder or agent or those of the auctioneer.
(b) Lots are offered subject to a reserve price. The auctioneer will im plement such reserve price by bidding on behalf of the consignor vendor.
(c) Purchases made by a consignor or vendor or his agent on his own lots shall be considered as a sale subject to commissions.
PAYMENT FOR PURCHASES
4. Payment for lots, including those on which opinions are desired (Condition of Sale 7), shall be as follows:
(a) Floor Bidders. Payment of the purchase price, or such part there of as Archives International Auctions in association with Dynasty, shall require, shall be made by the purchaser in cash or bank or certified check or in such other manner as Archives International Auctions in association with Dynasty, may determine.
(b) Mail Bidders. A successful mail bidder will be notified of lots pur chased. Before Archives International Auctions in association with Dynasty, will send such lots, payment in full must be received by Archives International Auctions in association with Dynasty, within three (3) business days of receipt of the aforesaid notification by the mail bidder. However, a purchaser known to Archives International Auctions in association with Dynasty, at its option may have pur chases delivered or forwarded for immediate payment. Mailed de livery will be to the ad dress on the bid sheet and proof by Archives International Auctions in association with Dynasty of receipt of a sending at the advised address shall constitute delivery. All charges for handling, delivery and insurance obtained by Archives Interna tional Auctions in association with Dynasty on behalf of the pur chaser shall be added to the purchase price..
5. Title shall not pass to the purchaser until full payment has been received by Dynasty as agents for the consignor or vendor.
6. (a) Purchasers agree to pay for lots as specified in Condition of Sale 4 (or as the same may be modified by Condition of Sale 8), and no credit is extended; a late payment charge of 2% per month or fraction thereof shall be added if payment is not made in accordance with the aforesaid conditions.
(b) In the event that a bidder shall fail to comply with these Conditions of Sale (“Non-Complying Bidder”), then, as to any lot with respect to which such failure to comply occurs, Archives International Auctions in association with Dynasty, may, in its sole discretion, re-offer such lot during the same auction or at an auction at a later time, or by private treaty at such time as Archives International Auctions in as sociation with Dynasty Auctions, in its sole discretion, deems appro priate and the Non-Complying Bidder shall be liable for the defi ciency, if any, between the hammer price and the net proceeds of a sale to a subsequent purchaser, whether at auction or by private
treaty, as well as for all costs and expenses of both sales, all other charges due there under, including commissions with respect to both sales, whether payable to Dynasty or to a third party and all inciden tal damages It shall be Archives International Auctions in associa tion with Dynastys’ sole discretion to determine whether to re-offer the lot theretofore hammered-down to a Non-Complying Bidder at the same auction, or by private treaty in due course, or at a subse quent auction conducted by Archives International Auctions in asso ciation with Dynasty,. In no event shall any surplus arising from the sale of a re-offered lot be payable to a Non-Complying Bidder.
(c) If Archives International Auctions in association with Dynasty takes any legal steps to secure payment of a delinquent account, the de faulting purchaser shall be liable for all legal and other expenses in curred by Archives International Auctions in association with Dynasty to secure such payment, including but not limited to a reasonable allowance for attorneys’ fees. For purposes of this paragraph, the term legal steps shall be deemed to include any and all consultation by Archives International Auctions in association with Dynasty with its attorneys with respect to all matters arising out of a delinquent account.
(e) Unless otherwise acceptable to Archives International Auctions in association with Dynasty, payment is to be made only in the form of cash, bank check or certified check, personal check (which must clear prior to delivery of lots), credit card (Visa or MasterCard only), PayPal or a bankwire transfer.
INSTRUCTIONS FOR PAYMENT BY WIRE TRANSFER
Name of Bank: Bank of America
ABA/Routing Number: 026009593
Swift Code: BOFAUS3N
Account #: 0023 7766 9642
Account Title: Archives International LLC
EXHIBITION AND INSPECTION OF LOTS; QUALITY AND AUTHENTICITY
7. (a) See viewing schedule for on-premises viewing. Ample opportunity is given for on premises inspection prior to the auction date, and, upon written request and at Archives International Auctions in association with Dynasty’s discretion.
(b) Each lot is sold as genuine and correctly described, based on indi¬vidual description as modified by any specific notations in this Catalogue.
(c) Quality. Any lot which a purchaser considers to be incorrectly de scribed may be returned to Archives International Auctions in asso ciation with Dynasty within two weeks of its receipt by such pur chaser (“Returning Purchaser”), provided, however, that the same is received by Archives International Auctions in association with Dy nasty within four weeks of the date of the auction; however, Archives International Auctions in association with Dynasty may, in its discre tion, refuse acceptance of such returned lot. If an opinion of a mutu ally acceptable authority is desired, the period of time within which a lot must be received by Archives International Auctions in associ ation with Dynasty will be extended in accordance with Condition of Sale 8. In the event that a dispute cannot be resolved by reference to a mutually acceptable authority, and Archives International Auc tions in association with Dynasty thereupon undertakes to re-offer the lot with a description identical to the description disputed, the Returning Purchaser shall be liable for the deficiency, if any, between the proceeds of the sale to the Returning Purchaser and the pro ceeds of a sale to a subsequent purchaser, as well as for all costs and expenses of the re-sale, including commission, and all incidental damages. Any lot, the description of which is disputed, must be re turned intact and in the original packaging and in the condition re ceived (unaltered) by the purchaser. The following lots are not re turnable except at the discretion of Archives International Auctions in association with Dynasty: (i) lots from purchasers who attended the exhibition of the lots; (ii) lots examined by postal viewers; (iii) lots on account of their appearance, if they are illustrated in this Catalogue; or (iv) lots described as having repairs, defects or faults for any reason. (v) lots containing more than ten (10) items. (d) Authen ticity. Any lot which is declared otherwise than genuine by a generally recognized authority is returnable, provided such lot is received by Archives International Auctions in association with Dynasty within four weeks of the date of the auction. Proof that a mutually accept able authority declines to express an opinion is not grounds for the return of a lot.
(e) Expenses incurred a purchaser in the submission and the return of a lot under Conditions of Sale 7 are not subject to refund.
Terms & Cond 2 pages_Layout 1 12/8/12 10:18 PM Page 2
CONDITIONS OF SALE
THE PLACING OF A BID SHALL CONSTITUTE ACCEPTANCE OF THESE CONDITIONS OF SALE
APPLICABLE LAW, JURISDICTION, ETC.
8. The respective rights and obligations of the parties shall be governed and interpreted by Hong Kong SAR law, and the buyer hereby submits to the non exclusive jurisdiction of the Hong Kong Courts.
SPECIAL CONDITIONS
9. Bids from Minors will not be accepted unless accompanied by a full cash deposit or suitable guarantee. The auctioneer will not be responsible for loss or damage to stamps or other items received inadequately housed or arranged. Lots purchased on behalf of postal bidders will be for warded by the most practical means at the risk of the purchaser who will bear al costs involved. Lots will not be available for inspection or col lection in the auction room. Successful purchasers should colect their purchases from our office. Los bid on and bought in by a vendor will be regarded as sold and full commision will be payable. “Buy” or “At Best” bids are not accepted. All prospective purchasers should quote their maximum buying price. In the event of identical postal bids being re ceived for any particular item, the bid received first in our office will be that which is accepted.
BIDDING STEPS
10. Bidding Steps are as published on page; bids made out of increment will be reduced to the next increment. Example: $603 bid will be reduced to $600, etc.
BIDS BY TELEPHONE
(a) Must be confirmed in writing unless waived by the auctioneer.
(b) Any errors are the responsibility of the bidder.
(c) No bids accepted less than 1 hour before the commencement of the sale.
BIDS BY FAX OR EMAIL
Bids must be received 1 hour before sale commences — be sure to use EMAIL: info@archivesinternational.com
PHONE BIDDING DURING THE SALE
Phone bidding space is limited and available on a first come, first served basis.The importance of reserving early cannot be overstated!
Dynasty Auctions Company, LTD Stanhope House, Room 207, 2/F
734 King’s Road, Quarry Bay, Hong Kong
Telephone: 852 3153 5541 Fax: 852 3153 5543
Archives International Auctions, LLC 1580 Lemoine Ave. Suite 7
Fort Lee, NJ 07024-5600 Telephone: 201-944-4800