Auction Terms
Terms of Auction
Even though this Auction is online, it is still a Public Auction. Your bids will be in competition with a live audience on the day of the Auction. We will only accept computer bids until 7:00AM EST on the day of the Auction.
The Opening Bid is not necessarily the highest bid that we have, but the amount that the lot would actually sell for, if we received no other bids on that lot. The Opening Bid is established at one increment over the second highest bid. If only one Bid is received on a lot, then the lot will open at 50% of that bid.
Example: If we receive two bids on a lot, one for $50, and the other for $100.00. The Opening Bid would be $52.00, one increment over the second highest. We would then bid up to $100.00 for the high bidder.
Bidding increments are as follows:
Up to $20, the increment is $1.00
$20 to $60, $2.00
$60 to $120, $5.00
$120 to $240, $10.00
$240 to $600, $20.00
$600 to $1200, $50.00
$1200 and Up, $100.00, or a the descretion of the auctioneer.
- A 15% buyer's premium will be added to the price of all lots paid for with a Credit Card. A 12% buyer's premium will be added to lots paid for with Check or Cash, please bid accordingly.
- Lots will be sold to the highest bidder at one increment over the second highest bid. In the case of a tie the first bid received wins the lot, so bid early.
- Lots are guaranteed genuine as described, if they are not they may be returned within 7 days for a full refund. Stamps must be returned in orignal packaging with a copy of the invoice. Stamp/Lot(s) described with faults, as is, or which consist of more than 5 stamps cannot be returned. If a stamp is to be placed on extension for a Certificate of Authenticity from the Philatelic Foundation, Professional Stamp Experts, or American Philatelic Society, Miller's must be notified of buyers intent at the time the lot is received. Should a stamp be proven to be other than as described by an Expertizing Committee. The stampmay be returned and the buyer will be refunded the cost of the stamp, including the buyer's premium and applicable sales tax. If the hammer (purchase) price was $150.00 or more the cost of the Certificate (up to $50.00) will also be refunded. The cost of the Certificate will not be refunded if the stamp already had a Cert. If an opinion cannot be rendered within 100 days, the lot cannot be returned under any circumstances.
- Lots must be paid in full before given or shipped to buyer, unless prior arrangements have been made.
- Miller's is a life member of the ASDA, and subscribed to their code of ethics for Auction firms.
- Bids may be made in person, by mail, by phone or FAX 860-739-9989, by Email stamps@millerstamps.com or bidding directly online using our Auction Web Page at: www.millerstamps.com just click on the Lot # to view the current opening bid. You may bid online until 7:00 am the day of the Auction, and until 12 noon by phone. The day of the Auction you must call my Cell # 860-908-6200.
- Lots may be viewed at my office by appointment only, please phone ahead. The small lot mat be viewed at any stamp show that I am set up at the month preceeding the Auction. Or the day of the Auction you may view from 10:00 am until 1:00 pm at the Days Inn in East Lyme.
- Connecticut occupants must pay Conn Sales Tax, unless you are a dealer with a valid Connecticut Resale Tax number.
- For shipped lots, postage and handling will be paid by the buyer (including sufficient postal insurance).
- We reserve the right to withdraw any lot for any reason prior to the hammer falling.
- Owners of lots consigned to Miller's included in this auction may NOT bid on their own Lot(s).
Abbreviations:
OG Original Gum
UL Upper Left
LR Lower Right
- NH
- Never Hinged
- LH
- Lightly Hinged
- HR
- Hinge Remnant
- DG
- Disturbed Gum
- NG
- No Gum
- S
- Superb
- XF
- Extra Fine
- VF
- Very Fine
- F-VF
- Fine to Very Fine
- Avg
- Average
- Comm.
- Commemorative Stamp Issue
- Cat Price
- Latest Scott Catalog
- Est.
- Estimate of Retail Value
- PB
- Plate Block
- S/S
- Souvenir Sheet
- FDC
- First Day Cover(s)
- PF
- Philatelic Foundation
- PSE
- Professional Stamp Experts
- APS
- American Philatelic Society
- Cert
- Certificate of Authenticity
- w/
- with
- w/o
- without
- Worldwide
- Foreign includes U.S.
- Foreign
- Foreign only, No U.S.
- Dups.
- Duplicates