Coins & Currency

Terms Of Sale

Questions? Contact Miriam Tucker, Managing Partner 
miriam@ragoarts.com 
Rago Arts and Auction Center (Hereafter referred to as "the Auction House"). 
609-397-9374 (p) / 609-397-9377 (f) 
All bidders are responsible for reading and understanding these Terms of 
Sale, as well as any supplemental notices. If you have any questions after 
having read the Terms of Sale, please contact the C.E.O., Miriam Tucker, at 
mtucker@ragoarts.com or 609.397.9374, extension 141. 
All items in our Unreserved Auctions are "As-Is, Where-Is."

1. General 
Each lot in this catalogue is offered for sale subject to the terms set out 
below, as changed or supplemented by provisions a) written in other places 
within these Terms of Sale, b) in written supplements to this Catalogue or 
other materials prepared by us and c) as stated by the auctioneer or posted 
in writing at the auction, prior to a bid being accepted for a lot. No other 
communications by any employee of the Auction House is intended to be 
binding, and such communications are made for informational purposes only. 
By bidding at the auction the buyer and all bidders agree to be bound by 
these terms or those changed and supplemented, whether bidding in person, 
through a representative, by phone, by internet, or other absentee bid. 
Upon the fall of the auctioneer's hammer, the successful bidder becomes the 
buyer and owner of the property and is responsible for the property, the 
amount of the successful bid, the buyer's premium, applicable taxes, and 
other charges provided for in the Terms of Sale in U.S. Dollars, payable 
immediately. 
The thirty (30) day warranty shall commence on the date of sale and continue 
to run without any tolling even if the Buyer within that thirty (30) day 
period 1) fails to inspect or pay, 2) requests delay in shipment, 3) 
provides incorrect shipping address or information or 4) is unavailable to 
receive shipment. 
Sales Results: Preliminary results will be available online shortly after 
each sale at www.ragoarts.com (http://www.ragoarts.com/). Final sales results will be available as soon 
as the Auction House has audited and verified all sales, usually within one 
day of the auction. 
The Auction House retains all rights to photographs and other intellectual 
property contained in this catalogue.

2. Auctioneer's Determination Final 
A lot will be sold to the highest bidder as determined in the sole and 
exclusive judgment of the auctioneer. The auctioneer will also have the sole 
and exclusive power and authority to a) resolve any disputes between 
bidders, b) determine whether to pass or re-offer a lot for sale, c) reject 
or challenge any bid or advance in the bidding, d) exclude any bidder from 
the premises and e) otherwise regulate the bidders, the bidding and its 
increments.

3. Buyer's Premium, Purchase Price, Taxes, and Billing 
The buyer's premium on coins and currency only will be 20.5% discounted to 
17.5% if paid by check, cash, or wire transfer within 15 days. 
For all online bidding (coins and currency only), a buyer's premium of 23.5 
% discounted to 20.5% if paid by check, cash, or wire transfer within 15 
days. 
Taxes: If you are shipping to a New Jersey address or if you pick up the 
lots you have won at our New Jersey location, you must pay the State's 7% 
sales tax. The only exception is for those who hold a valid resale license 
and file the completed New Jersey State Sales Tax Form (New Jersey Seller's 
Certificate Form ST3 or Non New Jersey Seller's Certificate Form ST-3NR) 
with Rago at time of payment. No New Jersey sales tax is charged for 
purchases shipped out of state. 
Billing: All successful bidders will be sent invoices by e-mail or mail (if 
we do not have an email address on file) within the two business days that 
follow the auction.

4. Methods of Payment and Fees 
Cash. Check. Wire Transfers. Money Order. Visa. MasterCard. Discover. 
PayPal. 
All payments are due immediately upon receipt of invoice. We reserve the 
right to hold all goods paid for by check until payment has cleared. 
If payment is not received within fifteen (15) days, the Auction House 
reserves the right to impose from the date of sale a late charge of 1 1/2% a 
month of the total purchase price and deny all future credit.

5. Payment, Collection, and Shipping Responsibilities of Buyer 
Buyer Obligations: On the fall of the auctioneer's hammer, title to the 
property immediately transfers to the successful bidder who, in turn, 
becomes the buyer of the Property. The buyer immediately assumes full risk 
and responsibility for the purchased Property, including all costs and 
expenses of handling, shipping, insurance, taxes, export, and otherwise, and 
is liable for the full purchase price, plus the buyer's premium, applicable 
taxes, and any other associated expenses. 
Collection of Property and Storage Charges: The buyer will pay for the 
purchased Property immediately and remove it from the premises of the 
Auction House within fourteen (14) days of the sale. We are not responsible 
for any damage or loss on property purchased but not removed from premises. 
If the purchased Property is not removed within thirty (30) days of the 
sale, the buyer will thereafter be assessed a $10 per lot storage charge per 
day. The Auction House may, at its discretion, remove the purchased Property 
to public storage at the buyer's risk and expense. All associated charges 
will be added to the total invoice and must be paid in full before the 
Property will be released. 
Those who choose to pick up their property from the Auction House following 
the sale must call 24 hours in advance to arrange pick-up. Regular hours for 
pick up are Monday - Friday, from 9:00 a.m. - 11:30 a.m. and from 1:30 p.m. 
to 5:00 p.m. Please bring your own packing materials. The Auction House is 
closed on Federal holidays and on Mondays following full auction weekends. 
Weekend pick-ups are made by special arrangement and/or by appointment only. 
Note: New Jersey sales tax of 7% must be added to your invoice when picking 
up merchandise unless you have a valid resale number on file. 
The buyer is responsible for the shipment of all purchased property. We will 
work with any shipper of your choosing. If you have any shipping preference 
for any reason, please make sure your shipper carries insurance. We are not 
responsible for any damage or loss that occurs while your objects are in 
another's care. We will also not be responsible for any damage or loss that 
occurs if you choose a shipping method that we have advised against and we 
will require a waiver from you acknowledging this. 
As a convenience to the buyer, the Auction House will, if requested, give 
your property to a third party shipper. This company will pack and ship or 
arrange shipment for you via UPS, FedEx or other carrier, fully insured, for 
a fee payable in advance by credit card. Shipments are made within a few 
days after payment has been received. 
All international customs, duties, and other tariffs are the responsibility 
of the Buyer. The Auction House and all third party shippers will declare 
the selling price as the value in all cases. 
Shipping larger items: Larger items are objects such as furniture, andirons, 
floor vases, or any other item whose safe packing will exceed the limits of 
common carriers. The Auction House can arrange delivery by freight almost 
anywhere in the United States, fully insured, for a fee. The delivery of 
large, heavy, or expensive objects is not an inexpensive proposition and we 
urge you to consider this before bidding. 
Firearms: Rago sells only antique firearms as defined by the U.S. Bureau of 
Alcohol, Tobacco and Firearms. Due to New Jersey firearms regulations, all 
handguns, pistols, and revolvers will only be shipped via Federal Express 
and will only be delivered to a person who holds a Federal Firearms License 
or a Curios and Relics License. Handguns, pistols, and revolvers can only be 
picked up at Auction House by a person who holds a Federal Firearms License 
or the proper New Jersey handgun permits, which must be shown and logged. 
There are no exceptions. No firearms will be sold or shipped 
internationally. 
Property purchased and left at the auction house for 90 days will be sold or 
donated for you.

6. Buyer Default 
Remedies: If any of the Terms of Sale are not fully complied with by the 
buyer, the buyer will be in default without need of notice by the Auction 
House. The buyer shall be liable to the Auction House and the consignor for 
the total purchase price, including all premiums, charges, and expenses 
specified in the Terms of Sale. Interest shall accrue at the rate of 18% per 
annum commencing with the date of the auction. In addition to other remedies 
available to the Auction House by law, the Auction House may, at its option, 
a) cancel the sale of the lot(s) on which the buyer defaulted and of any 
other lots sold to the defaulting buyer at the same or any other auction(s) 
and retain as liquidated damages all payments made by the buyer, b) resell 
the purchased Property, whether at public auction or private sale, or c) 
pursue any combination of a) and b) above. In event of default, the buyer 
will be responsible to the Auction House and the consignor for any 
deficiency, any and all costs and expenses, including reasonable attorneys' 
fees, collection fees and expenses, late charges, and other damages. The 
Auction House may, at its discretion, apply any proceeds of sale otherwise 
due to the buyer or monies of the buyer in the Auction House's possession to 
reduce or satisfy the buyer's obligations. 
Security Interest: As security for full payment to the Auction House and the 
consignor of all amounts due, the buyer grants the Auction House the right 
to retain a security interest in the Property purchased at auction and in 
any other property or money of buyer in the Auction House's possession or 
coming the Auction House's possession (collectively, 'collateral'). The 
Auction House shall have the rights of a secured creditor as provided by the 
Uniform Commercial Code and other applicable law. Such security interest in 
the Property or other collateral will cease when the Property is physically 
delivered to the buyer or the buyer's agent.

7. Warranties and Guarantees 
All items are served "As-Is, Where-Is," except as expressly stated otherwise 
in the following paragraph: 
All information in the catalogue concerning authenticity is guaranteed for a 
period of thirty (30) days from the date of sale. In that time, prior to 
payment to the consignor of the work, the Auction House will allow the buyer 
to submit, at his own expense, an opinion in writing from a recognized 
expert, pre-approved by the Auction House and the purchaser, regarding 
authenticity. In the event the work is judged inauthentic by the expert, the 
work may be returned in the same condition as at time of sale and the 
buyer's full purchase price will be refunded. Refunds shall not include 
costs of transportation, insurance, or other expenses that may have been 
incurred by the buyer. It is the buyer's responsibility to make payment in a 
timely fashion such that the property can be released and inspected within 
this thirty (30) day time frame. Should the buyer not do so, or should the 
buyer request the auction house to delay shipment, should he give an 
incorrect shipping address, or be unavailable to receive shipment, the 
thirty (30) day warranty shall still apply. If the Auction House has paid 
the consignor the amounts due consignor as a result of the sale, the Auction 
House will (i) refund to the buyer the amount of the buyer's premium and 
applicable taxes received from the buyer, and (ii) make written demand upon 
the consignor for the payment of the balance of the purchase price. If the 
consignor fails to honor the written demand for a refund of the balance of 
the purchase price, the Auction House will furnish buyer the name and 
address of the consignor, and assign to buyer all of the Auction House's 
rights for the return of the balance of the purchase price of the affected 
lot. Upon this disclosure and assignment, the Auction House will have no 
further liability to buyer or responsibility to pursue the buyer's claim. 
The Auction House will extend reasonable cooperation to buyer, provided that 
such cooperation does not require out-of-pocket expenditures by the Auction 
House. This limited right of rescission is available only to the original 
buyer and may not be relied upon by any heir, agent, transferee, assign, or 
other third party or assigned to any subsequent transferee of the Property 
which gives rise to the claim. 
This Warranty does not cover any description that states there is a conflict 
of specialist opinion; any description that states (or is bracketed in a 
section described as) "as-is" or "not guaranteed." 
This Warranty does not cover any typographical errors. This Warranty does 
not cover wear on furniture. This Warranty does not cover flakes, surface 
scratches, or manufacturing flaws in glass or ceramics. 
The description of clocks and lighting devices, whether in catalogues or 
condition reports, may be incomplete and not identify every mechanical 
replacement, repair, or defect. The absence of reference to the condition of 
a clock or lighting device does not imply it to be in working condition or 
without defects, repairs, restorations, or replacement parts. 
The description of jewelry, whether in catalogues, condition reports, or any 
other form, is rendered as opinion, including, but not limited to, 
specialist opinion as to authenticity, the enhancement or treatment of 
gemstones, the weight of gemstones, the country of origin, the authorship or 
origin (manufacture) of an item, its period (or c.) or the authenticity of 
its marks. 
No warranty is made that any watch is in working condition or without 
defects, restorations, or working parts. 
Buyers are advised to check watch works prior to auction. 
All measurements are approximate. 
This disclaimer of liability on our part applies whether the information is 
included in the catalogue, advertisements, announcements, or communicated 
through our representatives, bills of sale, or elsewhere, and whether 
written or oral. 
No Warranty of Reproduction: Neither the consignor nor we make any warranty 
or representation, express or implied, as to whether a buyer will acquire 
any reproduction rights, copyrights or other intellectual property rights 
in, or with respect to, the Property. 
The Auction House makes no warranties, express or implied, as to the 
merchantability or fitness for purpose except as otherwise expressly stated 
in these Terms of Sale.

8. Qualifying to Bid 
As a security measure for our consignors and our company, all bidders must 
establish credit. You will be asked to furnish identification and a valid 
credit card number, credit references and/or (for absentee, phone and online 
bidders) an initial deposit in the form of a pre-authorization hold equal to 
10% of the low estimate of the total number of lots on which you are 
bidding. First time and international buyers bidding on Asian lots with a 
total low estimate of $5,000 or greater will be asked to a) furnish an 
initial deposit in the form of a pre-authorization hold equal to 30% and b) 
grant the Auction House the right to charge your credit card 30% of the 
selling price on the day of sale. If you are acting as another's agent or 
principal, we may request a letter of authorization. If you are successful 
and do not remit payment as specified, the amount owed will be charged to 
your credit card together with such charges set forth in these terms of 
sale. If you have any questions, contact Eliane Talec, ext. 118. 
Bidding Numbers: All bidders must register and receive a bidding number from 
the Auction House prior to bidding at the auction.

9. Bidding Increments 
All unreserved bidding starts at 50% of the low estimate unless there are 
two or more competing absentee bids in excess of this figure. The auctioneer 
has the sole and exclusive power, discretion, and authority to regulate the 
bidding and its increments. 
Increments 
* $10 until $100 is reached 
* $25 until $500 is reached 
* $50 until $1,000 is reached 
* $100 until $3,000 is reached 
* $250 until $5,000 is reached 
* $500 until $10,000 is reached 
* $1,000 until $30,000 is reached 
* $2,500 until $50,000 is reached 
* $5,000 until $100,000 is reached 
* $10,000 over $100,000

10. Absentee Bids 
Absentee bids are requested by no later than 6:00 p.m. on the business day 
before the auction. We accept absentee bids by phone, by mail, in person, or 
by fax. Absentee bidders are emailed bid confirmations - If you do not 
receive a bid confirmation by the afternoon prior to the auction, please 
call us. When you do receive a bid confirmation, please double check for 
accuracy. 
All absentee bidding is handled as though you are in attendance. We buy all 
designated lots for you one bidding increment above where competition stops. 
Please check and comply with these increments. In case of failure to comply, 
we will reduce each off-increment bid to the next lower figure. 
"Plus" bids: Because of our structured bidding increments, it is more likely 
that several people will leave identical bids. Since an earlier bid left 
with the auction house wins in the event of a tie, a later bid with an added 
"plus" bid to the next increment would win the piece. 
Absentee bids left on online bidding platforms other than the one at 
ragoarts.com are sent to the auction house during the actual sale. There is 
no time advantage to these bids at all. 
All absentee bidder names and bids are held in strictest confidence, 
disclosed only in the event of a question after the sale. 
Absentee bidding is a convenience offered to our customers and, while we 
will make every effort to execute your instructions, the Auction House is 
not liable or responsible for any errors or failure to do so. If you place 
absentee bids with the Auction House, then choose to attend in person, bid 
by phone or any other means, it is solely your responsibility to cancel any 
or all absentee bids prior to the start of the auction.

11. Telephone Bids 
Rago guarantees you a line and a phone agent for bidding until 4 PM on the 
day prior to an auction. After that time, we will gladly accept your 
absentee bids, even during the auction (up to 30 minutes before a lot goes 
on the block). Changes to bid lists left with us prior to the deadline will 
always be accommodated as best we can, as will follow-up phone bids for 
those who attend/must leave the auction and other exceptional cases. 
If you need condition reports, please request and review them prior to 
reserving phone lines. 
Telephone bidders are emailed bid confirmations - If you do not receive a 
bid confirmation by the afternoon prior to the auction, please call us. When 
you do receive a bid confirmation, please double check for accuracy. 
We can call you at two phone numbers ONLY during the auction. If you are 
unsure of where you or your agent will be during the sale, we recommend you 
leave absentee bids. 
Please do not change your phone number after your phone lines have been 
confirmed; if you do, the Auction House will not be responsible for any 
breakdown in communications. Overseas phone numbers only will be confirmed 
the day before the auction. 
We do not have the capacity to assign phone agents to clients who want to 
listen only or who will not bid the minimum selling price. Therefore, if you 
bid by phone, you must be willing to open bidding and bid to within 2/3 of 
the low estimate should the bidding go that far. You may, however, leave 
absentee bids for any amount. 
Bids are placed on the telephone at the discretion of the Auction House and 
at the caller's risk. Telephone bidding is a convenience offered to our 
customers and, while we will make every effort to execute your instructions, 
the Auction House is not liable or responsible for any errors or failure to 
do so. 
If you place absentee bids with the Auction House or Live Auctioneers and 
also bid in person, by phone or any other means, it is solely your 
responsibility to cancel any or all absentee bids prior to the start of the 
auction. If you do not or cannot, regardless of reason, you will be held 
responsible for the property's purchase.

12. Internet Bids 
The Auction House has an online bidding platform at ragoarts.com for all its 
clients who wish to bid and buy online. Please proceed to ragoarts.com for 
all necessary information on how to bid and buy online using this system. 
The user of ragoarts.com indemnifies and holds the Auction House and its 
consignors harmless against any claim arising out of or resulting from your 
use of the its online bidding platform, including all losses, damages, 
liabilities, and all fees (including attorney's fees), costs, and expenses 
incurred in connection with any claim. Under no circumstances, including, 
but not limited to, negligence, shall the Auction House and its consignors 
be liable for lost profits or any special, incidental, or consequential 
damages that result from the use of, or the inability to use, this site. 
The Auction House has also engaged the services of third party online 
bidding platforms called Bidsquare and Live Auctioneers. Please proceed to 
these sites for all necessary information on how to bid and buy online using 
this system. The user of Bidsquare and/or Live Auctioneers indemnifies and 
holds the Auction House and its consignors harmless against any claim 
arising out of or resulting from your use of the Bidsquare and/or Live 
Auctioneers sites, including all losses, damages, liabilities, and all fees 
(including attorney's fees), costs, and expenses incurred in connection with 
any claim. Under no circumstances, including, but not limited to, 
negligence, shall the Auction House and its consignors be liable for lost 
profits or any special, incidental, or consequential damages that result 
from the use of, or the inability to use, this site. 
If you place absentee bids with the Auction House and/or a third party site 
and also bid in person, by phone or any other means, it is solely your 
responsibility to cancel these absentee bids prior to the start of the 
auction. If you do not or cannot, regardless of reason, you will be held 
responsible for the property's purchase. 
Absentee bids left with Live Auctioneers are released to the Auction House 
when a lot comes up for sale. The Auction House cannot distinguish these 
from bids made in real time. They have no timed advantage.

13. Condition Reports 
Condition reports are rendered as specialist opinion by the staff of the 
Auction House and/or independent consultants and not as statements of fact. 
We do not guarantee the content of written or verbal condition reports. 
Up-to-date condition reports can be accessed online at ragoarts.com. If you 
would like additional information, please call (609) 397-9374, fax condition 
report requests to (609) 397-9377 or e-mail them to info@ragoarts.com. Our 
specialists will respond to requests as quickly as possible. 
Please be patient. We get many requests and we make every effort to respond 
to all of them in a timely fashion. The Auction House is not liable or 
responsible for any errors or failure to do so.

14. Reserves 
A reserve is the confidential minimum price established by the Auction House 
and the consignor. The reserve will never exceed the low estimate of the 
lot. The Auction House prohibits consignors from bidding on their own 
property, but may implement the reserve by bidding on behalf of the 
consignor at the auction up to the reserve.

15. Estimates 
The estimates provided in this catalogue are our opinion of the price that a 
willing buyer would pay for the property at auction, based, where possible, 
on prices paid for comparable items sold in the past. They are neither a 
representation nor a prediction of the actual selling price that will be 
realized at auction, post-auction sale, or upon resale, which may be 
substantially different from these estimates. We shall not be liable in any 
way for such a difference.

16. Withdrawal of Property from Sale 
The Auction House reserves the right to withdraw property from the sale for 
any reason and with no liability whatsoever for such withdrawal.

17. Rescission by Buyer 
All items are served "As-Is, Where-Is," except as expressly stated otherwise 
in Paragraph 7. Buyer acknowledges and expressly agrees that the provisions 
of this Paragraph state the sole and exclusive remedy available to a buyer 
in the event of non-conformity in Property purchased. The buyer understands 
and agrees that the exclusive remedy for any breach of the warranty shall be 
a rescission of the sale and a refund of the original purchase price (bid 
plus buyer's premium), as well as any applicable taxes paid. Neither the 
Auction House nor its Consignor shall be liable for damages beyond the 
remedy expressly provided for herein, such as, but not limited to, direct, 
indirect, special, incidental, punitive, or consequential, including the 
loss of profit or revenue, cost of obtaining alternative property, claims of 
customers of the buyer or otherwise.

18. Rescission by the Auction House 
In the event the Auction House receives notice of an adverse claim with 
respect to purchased Property, the Auction House shall have the right (but 
not the obligation), in its sole and absolute discretion, to rescind the 
sale to the buyer, upon written notice to the buyer. Upon such notice, the 
buyer will promptly return the purchased property to the Auction House's 
premises in the same condition as when purchased. 
The Auction House will then promptly refund the purchase price, including 
the buyer's premium and applicable taxes paid. Buyer will have no further 
recourse against the Auction House or the consignor, and the Auction House 
and the consignor shall not be liable for any damages of any nature suffered 
by the buyer.

19. Governing Law and Forum for Disputes 
The laws of New Jersey shall govern the auctions of the Auction House. Any 
disputes that may arise in connection with the auction and/or any auction 
purchase, and all of the terms and conditions set forth herein above, shall 
be governed by and construed in accordance with New Jersey law. Anyone who 
participates in the auction and/or makes auction purchases agrees to submit 
to the jurisdiction of the courts of the State of New Jersey with respect to 
any dispute arising in connection with the auction and/or any auction 
purchases. In the event that the Auction House needs to bring an action to 
enforce the terms and conditions herein and/or to collect any sum due and 
owing to it the Auction House shall be entitled in addition to collect its 
reasonable attorney's fees, collection agency fees, and cost of suit.

20. Limitations of Liability 
The Auction House acts only as the agent for the consignor and in no event 
will be liable for any breach or default by the consignor.

21. Severability and Waiver 
If any provision of portion of these Terms of Sale shall be deemed unlawful, 
void, or unenforceable under applicable law, that provision or portion shall 
be stricken and severed from the remaining provisions, which shall remain in 
full force and effect. Failure to enforce any of the provisions in these 
Terms of Sale shall not be deemed a waiver of the right to enforce any other 
provisions of these Terms of Sale.

22. No Assignment 
Unless the Auction House consents in writing, buyers may not assign their 
rights or any of their obligations related to an auction or other sale by 
the Auction House.

23. No Modifications 
These Terms of Sale may not be changed unless the Auction House and buyer 
have agreed to do so in a written agreement signed by both parties.

24. Export or Import - Endangered/Threatened/Prohibited Species 
The State of New Jersey prohibits the import, sale, purchase, barter, or 
possession with intent to sell of any ivory, ivory product, rhinoceros horn, 
or rhinoceros horn product with exceptions that are irrelevant to commercial 
sale. As used in this act "Ivory" means tooth or tusk from any animal, 
including, but not limited to an elephant, hippopotamus, mammoth, narwhal, 
walrus, or whale, or any piece thereof, whether raw ivory or worked ivory, 
or made into, or part of, an ivory product. As concerns worked products made 
of species legal to sell under current Federal guidelines, it is the sole 
responsibility of buyers to familiarize themselves with International and 
U.S. state laws or requirements for import and export; to identify and 
obtain any necessary export, import, endangered species or other permit 
prior to bidding; and to abide by International and U.S. laws and 
requirements. The Auction House and the Consignor make no representations or 
warranties as to whether any lot is or is not subject to export or import 
restrictions or any embargoes and will have no responsibility with regard to 
these matters. a) International: Several countries do not allow the 
importation of lots containing materials made from endangered species. This 
includes, but is not limited to coral and tortoiseshell. An export license 
may be required for the export of certain materials, as well. b) State of 
California: California Penal Code sections 653o - 653r make it illegal to 
import into California for commercial purposes, to possess with intent to 
sell, or to sell within the state, the dead body, or any part or product 
thereof, of any polar bear, leopard, ocelot, tiger, cheetah, jaguar, sable 
antelope, wolf (Canis lupus), zebra, whale, cobra, python, sea turtle, 
colobus monkey, kangaroo, vicuna, sea otter, free-roaming feral horse, 
dolphin or porpoise (Delphinidae), Spanish lynx, or elephant. Starting in 
2015, it will be unlawful to import into this state for commercial purposes, 
to possess with intent to sell, or to sell within the state, the dead body, 
or any part or product thereof, of any crocodile or alligator. Should a 
buyer in California state an intent to sell the certain animal parts named 
in California Penal Code sections 653o - 653r, the Auction House reserves 
the right to reject bids and refuse to ship.

25. Firearms 
Rago sells only antique firearms as defined by the U.S. Bureau of Alcohol, 
Tobacco and Firearms. All Firearms will be sold in accordance with State of 
New Jersey and Federal firearms laws and any relevant State of New Jersey 
and Federal laws. It is the sole responsibility of buyers to familiarize 
themselves with their local laws and requirements for the possession of 
firearms; to identify and obtain any necessary license or permit prior to 
bidding; and to abide by all Federal, State and local laws and requirements. 
The Auction House and the Consignor make no representations or warranties as 
to whether any lot is or is not subject to such restrictions and will have 
no responsibility with regard to these matters. Rago sells only antique 
firearms as defined by the U.S. Bureau of Alcohol, Tobacco and Firearms. Due 
to New Jersey firearms regulations, all handguns, pistols, and revolvers 
will only be shipped via Federal Express and will only be delivered to a 
person who holds a Federal Firearms License or a Curios and Relics License. 
Handguns, pistols, and revolvers can only be picked up at Auction House by a 
person who holds a Federal Firearms License or the proper New Jersey handgun 
permits, which must be shown and logged. There are no exceptions. No 
firearms will be sold or shipped internationally.

26. Miscellaneous 
Private Sales: These Terms of Sale shall apply to both auction and private 
sales of property. 
Paragraph Headings: Paragraph and subheadings are included in these Terms of 
Sale for ease of reference and should not be used to interpret the meaning 
of the substantive provisions.

Addendum to Terms of Sale: Jewelry 
For centuries, natural gemstones have been enhanced in a variety of ways, 
including heating, oiling and other methods. These treatments are accepted 
by the international jewelry and gemstone trade. The Auction House makes no 
representations or warranties, express or implied, as to whether natural 
stones have been treated or enhanced, whether specifically referenced or 
not. 
All stones have been identified by standard gemological field tests as the 
mounting permits and the Auction House will make available to prospective 
buyers any gemological certificates in its possession. It will not always be 
feasible to obtain a qualified lab report on every stone offered through the 
Auction House. Buyers wishing to have a grading or gemological report from 
an independent recognized laboratory such as the Gemological Institute of 
America, the European 
Gemological Laboratories or the American Gemological Institute may request 
one at their own expense or hire an independent adviser of their choosing. 
Weights given are based solely on measurements and known gemological 
formulae; they are approximate, not exact. Weight may differ once a stone is 
removed from its setting. Buyers are advised to verify weight estimates 
prior to auction

Addendum to Terms of Sale: Coins and Currency 
Grading is a not an exact science. It is a matter of opinion as to condition 
and other attributes. Because of this, grading can and will differ among 
third party grading services (even though consensus grading is employed by 
most), independent experts, dealers, collectors and auction houses, 
including our own. Due to the subjectivity of coin and currency grading, a 
given piece evaluated twice by the same expert may be assigned a different 
grade each time. Opinion as to the grading, condition or other attributes of 
any property may have a material effect on value. 
Therefore all coins and currency are served "As-Is, Where-Is," by the 
Auction House except as to authenticity, as expressly stated in the Terms of 
Sale. They are sold without any additional express or implied warranty, 
including, but not limited to, grade. This includes all coins and currency, 
including, but not limited to, those: 
* Referencing the opinion of a third-party grading service; 
* With no reference to the opinion of a third-party grading service; 
* With reference to the opinion of Auction House as to grading; 
* Subsequently submitted to a third-party grading service for 
determination or certification; 
* Encapsulated and therefore unable to be physically examined. 
The Auction House reserves the right to differ with the grades assigned to 
property, by certificate or otherwise, regardless of the grading service and 
will not be bound by any prior or subsequent opinion, determination or 
certification by third-party grading services including, but not limited to, 
National Guaranty Company (NGC), Professional Coin Grading Service (PCGS), 
Paper Money Guaranty (PMG) and Currency Grading and Authentication (CGA) or 
any other any grading service, third party organization or dealer. There is 
no guarantee or warranty implied or expressed that the grading standards 
utilized by the Auction House will meet the standards of any grading service 
at any time in the future. 
The Auction House has graded uncertified coins and currency with reference 
to the current interpretation of the American Numismatic Association's 
standards at the time of grading. 
The Auction House reserves the right to re-grade property re-consigned for 
any reasons, including, but not limited to a change of grading standards, 
differences in opinion, mishandling over time. 
The Auction House will not be liable for any patent or latent defect or 
controversy pertaining to or arising from any encapsulated coins or 
currency. In any such instance, purchaser's remedy, if any, shall be solely 
against the service certifying. 
Please note: 
* Certain types of plastic may react with a coin's metal or transfer 
plasticizer to notes, causing damage. Avoid storage in materials that are 
not inert. 
* Catalog illustrations may not be to scale or reflect the depicted 
property's actual size.