David Lawrence Rare Coins Auctions
PO Box 9174
Virginia Beach
, Virginia
23450
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General Bidding Information
A New Internet Auction Every Week -- ending Sunday evenings.
Our bidding process is easy and transparent to make bidders as comfortable as possible. The best part... NO BUYER'S FEES!
1. Quick Facts.
- Since June 2012, there have been NO BUYER'S FEES at DLRC Auctions! Bid with confidence and "pay what you bid."
- We are available to assist with bidding and to answer any auction questions, Monday-Friday 9am - 5:00pm, EST
- Our auctions typically run for one week at a time, closing between 8-11pm (EST).
- Each auction usually has 200-400 lots, with approximately 50 UNRESERVED lots at a $1 starting bid.
- Our bidding process is simple and transparent.
- Auction Bid Extension: In the last 3 minutes of the auction, if a bid is placed by a bidder, an additional 3 minutes will be added for each bid that is placed until there is no further bidding.
- View detailed Auction Terms & Conditions.
- Shipping Charges: All standard shipping is free of charge.
- Returns: Auction purchases may only be returned upon DLRC approval within 10 days of receipt of such item. Due to the competitive environment of auctions, we ask that you keep returns to a minimum, and use careful consideration before placing your bids.
- Sorry, we cannot accommodate layaways on Internet auction purchases without prior agreement.
2. Bidding Increments.
| Current Bid |
Increment |
| < $25 |
$2 |
| $26 - $49.99 |
$3 |
| $50 - $99.99 |
$5 |
| $100 - $249.99 |
$10 |
| $250 - $749.99 |
$25 |
| $750 - $1,499.99 |
$50 |
| $1,500 - $4,999.99 |
$100 |
| $5,000 - $24,999.99 |
$250 |
| $25,000 - $49,999.99 |
$500 |
| $50,000 - $99,999.99 |
$1,000 |
| $100,000 - $999,999.99 |
$2,000 |
| $1,000,000 - up |
$10,000 |
The increment specifies the additional minimum amount required to place the next bid on a lot. For example, a lot with a current bid of $5,000 has an increment of $250, making the next legal bid $5,250.
3. Bidding Tips.
- Bid Strong & Bid Early. We highly recommend that you bid your highest number early. Tie bids will be given to the first bid received. If you are unsure of the current market value of any coins in this sale, contact one of our numismatists. We are here to help.
- Your highest bid is kept hidden from all other bidders. Once the reserve has been met on a particular lot, your bid will only be increased if another bidder raises you. For example, if the reserve is $1,000 and you bid $1,250, your highest bid will only be raised to $1,000. If another bidder bids $1,100 on the same lot, your bid will increase (by the next increment) to $1,150, and he/she will be notified that they have been outbid. Likewise, if the bid is placed by another party to $1,500, the highest bid posted will be $1,300. Once a reserve has been met, you will only pay one increment over the next highest bidder.
- Your Online Bids are Binding. Please be careful placing your online bids as they are binding, and you are obligated to purchase any and all winning lots. If you feel that you have made any bids in error, please email the DLRC auction group immediately so we can correct the error. You cannot reduce your bid by bidding a lower amount later. Where possible, reserves may be lowered during the auction on some items.
4. Trade-ins Welcome.
- We love trades! If you have coins to sell or trade against auction purchases, call, email or fax us today with a list and we'll work with you.
- Whether you are upgrading your existing collection or moving your focus to a new series, trading in your old coins makes the process easy.
- This 3 Easy Ways page will give you more information about selling/trading your coins to us.
David Lawrence Rare Coins Internet Auction TERMS AND CONDITIONS OF SALE
1. Auctioneer. The auctioneer for this public Internet-only auction is David Lawrence Rare Coins (DLRC). The following terms and conditions apply specifically to this sale only.
2. Until otherwise noted in the Terms and Conditions, there will be No Buyer's Premiums associated with any lots for DLRC Internet-only auctions.
3. Shipping Fees. Standard domestic shipping is free. Express and International shipping will be charged based on the schedule published on our web site.
4. Acceptable Payment Methods. DLRC will accept payment for auction lots in the form of personal check, money order, certified funds, bank wire, major credit cards (Visa, MasterCard, Discover, American Express), Paypal or other negotiated payment as agreed by an authorized DLRC representative. Such alternatives may include trade-ins or other monies due to consigner from another transaction with DLRC. *Please note: credit card and paypal payments will be accepted up to $10,000 per invoice. Invoices totaling more than $10,000.00 will require a check, money-order or wired-funds for the remaining balance. Layaways or extended payment terms are not allowed on the Internet-only auction without prior agreement from DLRC. In such cases, an interest fee may apply.
5. Return Privilege. Auction purchases may only be returned upon approval by an authorized DLRC representative within 10 days of receipt of such item. Note that bidders who return too many items, or return item without pre-authorization, may be asked not to participate in future auctions as other bidders are unnecessarily inconvenienced by such returns. Thank you for your discretion on this matter.
6. Binding Effect of Terms and Conditions. These Terms and Conditions are legally binding on anyone that registers to bid, or actually bids, in this DLRC Internet-only auction. They define the relationship between bidders and DLRC before, during and after the auction, and limit DLRC's liability to bidders. DLRC urges anyone considering bidding and REQUIRES all registered bidders in this DLRC Internet-auction to read and ACCEPT these Terms and Conditions before registering to bid on any item. By placing a bid on any lot in this sale, you are implicitly agreeing to these terms.
7. Consignors and Reserves. DLRC Internet auctions contain descriptions of property belonging to many persons known as consignors and may include items owned by DLRC. DLRC is not required to divulge to prospective bidders the identity of any consignor, except as provided by these Terms and Conditions. DLRC's relationship with a consignor is governed by a separate Consignment Agreement, the terms of which DLRC (or DLRC Auctions) is not required to disclose to prospective bidders. This Consignment Agreement may provide for a reserve, or confidential price below which DLRC will not sell an item or will repurchase the item on behalf of the Consignor or DLRC itself. The Consignment Agreement may also permit a consignor to bid on his or her own lots and pay commissions at different rates from other bidders if successful. If a consignor bids for his or her own lots, DLRC may so note to all present. DLRC reserves the right to omit from its published prices realized the purchase prices of items re-purchased by their consignor(s).
8. Who Can and Cannot Bid. Persons may bid at this DLRC Internet-only auction directly through the Internet auction process or by phone through a designated DLRC employee. Phone bids can be placed for a registered bidder only and the bidder must have completed the online registration, or sent legal authorization to DLRC by fax or mail. DLRC reserves the right to reject bids from any person in its sole discretion. In particular, DLRC will not accept bids from corporate bidders unless an officer, director or principal of the corporation agrees in writing to personally guarantee payment. Likewise, bids will be accepted from persons under age 18 only if a parent or legal guardian agrees in writing to accept these Terms and Conditions and be responsible for any purchases by the bidder. In addition, DLRC may require bidders without established credit with DLRC to furnish satisfactory credit references or deposit such amount as DLRC may require in its sole and absolute discretion before bidding. Such deposits will be applied to purchases and unused portions returned after the auction. DLRC will also refuse bids from clients whose accounts are in arrears, or otherwise not in good standing. DLRC and its affiliates may bid for their own account in any auction but are bound to the same terms and conditions as all bidders.
9. Conflicts of Interest. DLRC, its principals, and affiliated or related companies and their employees, officers or principals may either consign to, or bid in, a DLRC Internet auction and pay commissions at different rates from other consignors or bidders. In addition, these persons or entities may loan or advance funds to consignors and/or prospective bidders, and may thereby acquire interests in items sold at a DLRC Internet auction. To the extent that actual or apparent conflicts of interest are created by such situations, bidders consent to such conflicts.
10. Disclaimer of Representations or Warranties from DLRC. The items described in this on-line auction as to grade, mintmark, quality, designation, variety, rarity, provenance, and historic relevance are qualified statements of good faith opinion and not warranties. DLRC relies on the opinions of leading numismatic certification services such as PCGS, NGC, CAC and other third party grading services, and supplies information relating to certified coins only for the convenience of the Internet or phone bidders. The attributes of particular coins and other items may have a material impact on their value, and bidders assume all risk of differing opinions thereof. No employee or agent of DLRCA is authorized to make any representations or warranties regarding the characteristics of items sold by DLRC or the correctness of descriptions, and DLRC DISCLAIMS ANY WARRANTY, EXPRESS OR IMPLIED, AS TO THE MERCHANTABILITY, FITNESS OR CONDITION OF ITEMS BEING SOLD.
11. Title. DLRC relies on representations and warranties from its consignors that the consignors own the items consigned and are legally entitled to sell those items. Bidders are entitled to rely on those same representations and warranties in making their purchases, but are encouraged to make their own investigations in case of doubt.
12. Viewing. DLRC Internet-only auctions may only be viewed on-line via the Internet. While all lots have images and descriptions, bidders may contact DLRC numismatists via phone or email for further descriptions and analysis. DLRC encourages all Internet bidders to contact DLRC with any questions or concerns prior to placing bids.
13. Bidding On Auction Items. The auction shall take place at the time and place set forth by DLRC as noted per auction. The auctioneer will offer lots in number sequence within each auction, subject to DLRC's right to withdraw any lot at any time. Only entire lots will be offered unless DLRC directs otherwise. Bidding will open at an amount set by DLRC in their sole discretion, and will continue at such increments as the on-line auction directs until the DLRC declares the lot sold and the bidding for that item closed (see 13a). DLRC may accept or decline any bid. The highest bidder at the time of the close of the auction, pending reserves being met, will be the winner of the said item. In case of any disputes regarding the existence or amount of bids DLRC may rescind the sale of that lot and re-sell it, or otherwise direct disposition of the lot. In all cases, DLRC's decision shall be final. DLRC IS NOT RESPONSIBLE FOR ERRORS IN BIDDING, and mistaken bids will not justify rescission of a sale.
13a. Auction Closing Times. All lots in the sale have a specified closing time which is listed with each lot. However, if any lot receives a bid within 3 minutes of its closing time, 3 minutes will be added to its closing time to allow for further bidding. Bidding will not officially close on a lot until 3 minutes after the last bid is received.
14. Reduction of Reserves to Meet Current High Bid. DLRC reserves the right to reduce the reserve amount on any lot at any time during the auction. If a bid is placed that originally does not meet/exceed the reserve amount, but DLRC later reduces that reserve, bidder is responsible for the purchase of the lot.
15. Buyer's Commission and Taxes. There is NO BUYER'S FEE in DLRC Auctions. THE PURCHASE PRICE FOR ALL LOTS INCLUDES THE SUCCESSFUL BID, PLUS SHIPPING FEES, WHERE APPLICABLE (SEE #2 & #3), AS WELL AS APPLICABLE STATE TAXES (5% FOR LOTS DELIVERED IN VA), except as otherwise provided by written agreement between a bidder and DLRC. Bidders acknowledge that they are responsible for all sales, use or other taxes applicable to their purchases, and for any interest or penalty related to unpaid tax, regardless of whether DLRC collected such taxes at the time of purchase.
16. Payment, Risk of Loss and Remedies for Late Payment/Security Interest. After the auction, all successful purchasers will receive an invoice from DLRC detailing their purchases and the date payment is due. Payment is due at the time of receipt of this invoice and order is automatically canceled if no payment is received within 10 days, unless otherwise determined by DLRC and the winning bidder. Title and risk of loss to goods passes when the purchase price is paid in full, and DLRC reserves the right to withhold delivery of lots until full payment is made in good funds. Payment is by cash in U.S. funds payable through a U.S. bank only, unless otherwise agreed in writing between the buyer and DLRC. Credit Card purchaseS are recommended, as well as money orders or cashier's checks. Personal checks will be accepted and the item will be shipped only upon clearance of the personal check. There will be a $25.00 fee for any returned check. Purchasers agree that if payment is not made in full in accordance with the invoice terms, they will be liable to DLRCA for interest on the unpaid balance at the rate of 1 1/2% per month (or the maximum rate permitted by law, whichever is lower), and for reimbursement of all collection costs incurred by DLRC (including the costs of engaging an attorney and pursuing legal proceedings). In addition to the foregoing, purchasers grant DLRC a security interest in any items purchased by them, to secure any outstanding indebtedness to DLRC (whether from purchase of the items themselves or other items), and agree to execute such documents as DLRC may deem needed to evidence this security interest. Purchasers agree that DLRC may exercise all the rights of a secured party, including the right to re-sell the collateral item(s) and apply the proceeds to purchaser's debt and to reimbursing DLRC for costs related to the resale.
17. No Rights for Subsequent Purchasers or Assignees. Only the actual purchaser of an item at a DLRC Internet auction may claim any rights under these Terms and Conditions, and such rights may not be transferred or assigned to anyone else.
18. Disclaimer of Compensatory, Incidental or Consequential Damages. DLRC's liability to purchasers for returned items, items to which title issues are raised, or in connection with any claim arising from the purchase of an item at a DLRC Internet-only auction is limited to reimbursing the purchaser for the sums actually paid to DLRC for the item(s) (including buyer's commission and taxes), and DLRC DISCLAIMS ANY LIABILITY FOR COMPENSATORY, INCIDENTAL OR CONSEQUENTIAL DAMAGES ARISING FROM PURCHASE OF ANY ITEM FROM A DLRC INTERNET AUCTION.
19. Virginia Law/Arbitration of All Disputes. These Terms and Conditions shall be construed and enforced in accordance with Virginia law (excluding choice of law rules). Any claim or controversy arising out of or involving a DLRC Internet auction or any provision of Terms and Conditions shall be resolved by arbitration by the Professional Numismatists Guild (PNG) or, if the PNG cannot or will not hear the matter, by the American Arbitration Association. Judgment upon an arbitration award may be entered in any court of competent jurisdiction.
Accepted Payment options
Accepted Payment Options
We Accept a Variety of Payment Methods
- We offer numerous ways to make payment, including all major credit cards, Paypal, check/money order, bank wire and automatic bank draft. (Third-party payments will not be accepted as payment.)
- We also offer layaway and extended payment terms. Click here for details on special payment plans.
- Note: Due to the volatile nature of precious metal prices in the current markets, we are only accepting check, money orders or wire transfers as acceptable forms of payment on orders containing bullion and precious metal related items.
1. Visa, Amex, Discover, MasterCard up to $10,000.
- We accept all major credit cards for orders shipped within the USA only. Balances over $10,000 must be paid via personal or certified check, money order or wired funds, unless pre-approved with our accounting department.
2. Paypal up to $10,000.
- Balances over $10,000 must be paid via personal or certified check, money order or wired funds.
- Send Paypal payments to: [email protected]
- or click the button below for a direct link to our payment page.
3. Personal Checks, Cashier's Checks & Money Orders.
- Personal checks, money orders and cashier’s checks are accepted but will be held for at least 7 business days to clear appropriate banking channels before we ship the merchandise.
- When you provide a check as payment, you authorize us either to use information from your check to make a one-time electronic fund transfer from your account or to process the payment as a check transaction.
4. Bank Wires & ACH Payments.
- Please contact Mary Hoffman or Mary Lee for routing instructions to send funds via bank wire transfer..
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David Lawrence Rare Coins Auctions
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1894 $2.50 MS63
CACG - A scarce and underrated gold Quarter Eagle from a mintage of just ...
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David Lawrence Rare Coins Auctions
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1895 $2.50 MS65
CACG - A really low mintage issue of just 6,000 coins struck. A near-proo...
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David Lawrence Rare Coins Auctions
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Seller:
David Lawrence Rare Coins Auctions
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David Lawrence Rare Coins Auctions
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67
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Seller:
David Lawrence Rare Coins Auctions
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67
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Seller:
David Lawrence Rare Coins Auctions
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David Lawrence Rare Coins Auctions
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