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Auction Rules and Guidelines
( Español)
| Submission |
description | condition | gum |
pricing | abbrevations |
Bidding |
| increment |
commmissions | postage |
payment | returns |
| Payment to Sellers |
Return of Unsold Lots |
guarantee |
Auctions Directory |
Contact Auction Manager |
Submission of material for sale or
submission of purchase bids to the CPSA for any of its auctions implies an
agreement on the part of the sellers and buyers to abide by all auction rules
and guidelines stated herein.
- Submission of Material:
Each item submitted for auction must be
clearly described, cataloged, and priced. An estimated and/or minimum price
must be provided for all items that cannot be cataloged (refer to the paragraph
on "Pricing"
for guidance on the subject). The auction manager will return any material
that is not clearly described, cataloged, and priced. It is strongly
suggested that prospective sellers send a list of the material they wish to
sell to the auction manager before
sending the material itself so that
the auction manager can review the list and provide additional guidance and
instructions for preparation and shipment of the actual material.
The CPSA will not return any material
submitted without prior auction manager approval that is found not to be
suitable for auction, unless the sender prepays for its return with full
insurance coverage. The CPSA will also not be responsible for any material
sent to it without insurance coverage.
Only philatelic material or closely related material such as philatelic
literature will be accepted for sale through these auctions.
No philatelic material subject to the U.S.
trade embargo with Cuba will be accepted. Back
to Top
- Lot Descriptions:
Standards for describing the material
submitted for auction will in general be very strict.
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1.
Condition. Every attempt will be made to clearly describe all items
offered for sale. The following guidelines will be followed when specifying
the condition of stamps: poor--a stamp that is defective in one or
more ways (e.g., thinned, torn, missing perforations, stained); fine--a
stamp that is poorly centered, carries an undesirable cancellation, or has
minor defects such as short perforations or is heavily hinged; fine-very
fine--a stamp that is reasonably centered and cancelled, is lightly
hinged if unused, and has no defects; very fine--a stamp that is well
centered, has an appealing cancellation, looks fresh, has no hinge remnants
if unused, and has no defects; superb--these are the gems of
philately: superb centering, superb cancellation if used, mint if unused,
fresh looking, and with no defects.
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2. Gum. After
consultation with other members, we have decided to change the meaning of
the word "mint" in our auction descriptions to simply mean "unused".
All of the stamp descriptions will hereafter clearly specify the condition
of the stamp's gum whenever it is described to be mint or unused. The
following abbreviations will be used to specify the condition of the gum on
mint stamps: mnh = mint never hinged; mlh = mint lightly hinged; mog = mint
original gum; mhh = mint heavily hinged; mgd = mint gum disturbed; mng =
mint no gum. "Lightly hinged" will be used to designate
stamps that were once hinged but whose hinge has been removed completely
leaving no hinge remnants attached to the stamp and leaving the stamp's gum
minimally disturbed. "Heavily hinged"
will be used to designate those stamps that have big portions of unremovable
hinges or multiple hinges attached to their backs.
Please note that unused stamps without
gum will usually be priced as used when citing their catalog value
with the prices followed by a plus (+) sign--this policy is due to the
fact that usually catalog prices for unused stamps are for stamps with
original gum. However, when quoting the price of some 19th Century stamps
without gum that are extremely rare in unused condition, the catalog price
for the unused stamp followed by a negative sign (-) may be used as
reflecting a better estimate of the stamp's value. In the latter case, the
fact that the stamp lacks the gum will be clearly noted.
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3. Pricing: All
catalog numbers and pricing are from the Cuba section of the latest
edition of the Scott's Catalog unless otherwise indicated.
Edifil catalog numbers and pricing are from the 2002
Catálogo Especializado de Sellos de Cuba and will be shown as U.S.
dollars or Eurosl. A seller must indicate a "minimum price" for any lot
submitted for sale and these will be listed in a column separate from the
one for catalog prices; these minimum prices will be the starting price for
bidding on all lots. Minimum prices must conform with the
guidelines for acceptable bids specified in the "Bidding Increments"
paragraph below. Please avoid sending lots with a minimum price lower than $10 to be
included in an auction; instead, combine several items of lower price
together into a single lot selling for $10 or more. Estimated prices will
not be posted for any lot, since they are totally subjective and can lend
themselves to misleading the buyers.
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4.
Abbreviations: Following are some standard abbreviations used in the
descriptions of the auction lots:
| 3x8 or
(3x8)--3 rows by 8 cols. |
b4--block
of 4 |
| 2x3
b6--horizontal block of 6 |
3x2
b6--vertical block of 6 |
| c--cent(s),
centavo(s), or céntimo(s) |
cds--circular
date stamp |
|
cb4--(sheet) center block of 4 |
cgb4--(sheet) center gutter blk of 4 |
| cm--centimeter(s) |
cto--cancelled-to-order |
| dcds--duplex
cds |
ds--date
stamp |
|
def--defective |
Ed--Cat.
Edifil Especializado 1997 |
| f-vf
--fine to very fine |
FDC--first
day cover |
| FFC--first
flight cover |
H&G--Higgins & Gage Catalog |
|
hb6--horizontal block of 6 (2x3) |
hgb4--horizontal gutter block of 4 |
| hgp--horizontal
gutter pair |
hp--horizontal pair |
|
imp--imperforate |
J-R--Jones-Roy Catalog |
| mhh--mint
heavily hinged |
mlh--mint
lightly hinged |
| mm--milimeter(s) |
mmh--mint
medially hinged |
| mng--mint
no gum |
mnh--mint
never hinged |
| p--peso;
ptas--pesetas |
reinf--reinforced
perforations |
| rpf--real
de plata fuerte |
Sc--Scott
Catalog |
| var--variety |
vb6--vertical block of 6 (3x2) |
| vf--very
fine |
vgb4--vertical gutter block of 4 |
| vgp--vertical
gutter pair |
vp--vertical
pair |
| w/--with |
w/o--without |
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- Bidding:
Lots will be adjudicated to the
highest bidder at one bid increment over the second highest bid received, or
at the minimum bid if no second bid is received (refer to the paragraph on "Bidding
Increments" below). When a lot receives two identical bids, the first
bid received wins the lot. This is applied rigorously, taking into account
the date and time a bid is mailed as evidenced from the postmark on the
letter containing the bid. Phone bids will also be accepted and a record of
their date and time will be kept which will be compared against the
postmarks on mailed bids to determine the winner of each lot. Thus, a phone
bid may lose to a mailed bid which was postmarked before the phone call was
received. Bids close on the date of the sale at midnight U.S. Pacific
Standard Time. Any bids postmarked or e-mailed before that time (or its
equivalent if being submitted from a different time zone) will be accepted.
Bidders may bid under the starting price of any lot if it is felt to be
overpriced. If no bid over the starting price is received for the lot, the
auction manager will refer the bid to the lot owner for consideration. The
lot owner will make the decision to sell or not to sell and the auction
manager will relay that decision back to the bidder.
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- Bidding Increments:
All bids must be
submitted according to the bidding increments specified below. Bids that
fall between bidding increments at any range will be lowered to the next
lowest bid according to the acceptable bidding increment for that range.
For example, a bid of $315 for a lot will be lowered to $300 and will be
billed to the buyer at $300 plus 10% commission.
|
Bid Range |
Increment |
Bid Range |
Increment |
| |
|
|
|
|
$10 to $19 |
$1 |
$300 to $749 |
$25 |
|
$20 to $49 |
$2 |
$750 to $1499 |
$50 |
|
$50 to $149 |
$5 |
$1500 to $3000 |
$100 |
|
$150 to $299 |
$10 |
Over $3000 |
$250 |
Back
to Top
- Commissions:
A 10% buyer's fee will be added to the
purchase price of all lots bought, and a 10% seller's fee will be deducted
from the sale price of all lots sold. These fees will be used by the CPSA to
cover the costs of the auction and to finance the society's activities and
publications.
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- Postage & Insurance:
Postage and insurance fees will be added
to the total bill of the buyer. These fees are bound by the requirements
imposed on the CPSA by its insurance provider. The auction manager will make
every attempt to mail and insure all material adequately while incurring the
minimum possible charges.
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- Payment for Purchases:
All purchases must be paid by the buyer
within 30 days of mailing of billing. Payment may be made by personal check,
Paypal, cash, bank draft or money order; no other form of payment will be accepted.
Payment should be made to the order
of the CPSA, Inc. If payment is not
possible within 30 days because of extenuating circumstances, please request
an extension.
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- Return of Lots:
Lots that have been incorrectly described
may be returned within 10 days of receipt for a full refund of the purchase
price and commission. Lots whose photos have been included in the auction
bulletin may not be returned on grounds of poor centering, short or missing
perforations, or close margins on imperforate stamps. All returns must be
fully insured. Please note that sales at CPSA auctions are not made on an
"approval" basis and reasonable justification must be provided by the buyer
for the return of any lot. Repeated violation of this rule will result in
future rejection of bids from the buyer.
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- Payment to Sellers:
Payment to
sellers will not be made until full payment is received from the buyers for
all lots sold for the seller. Hopefully this will be within 30 days of the
close of an auction and sellers will be promptly notified of delays and
their justification.
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- Return of Unsold Lots:
Unsold
lots will be returned to the seller together with the payment for sold lots,
unless the seller has instructed the auction manager to reoffer the lots at
a subsequent auction or has provided other return instructions. All unsold
lots will be returned adequately packaged and insured at the CPSA's expense
unless the seller has sent return instructions incurring extraordinary
expenses, in which case excess expenses must be prepaid by the seller.
Back to
Top
- Guarantee:
The CPSA guarantees the authenticity of all lots sold through these
auctions. This means that the
CPSA will refund the full purchase price (price plus 10% commission) of any
lot that is declared to be altered or not to be genuine in any respect by
any recognized expertizing service or individual expert that issues an
official photo-certificate of expertized items.
This guarantee even applies to an item that
is sold with an existing certificate declaring it to be genuine;
that is, if such an item is subsequently submitted to another expertizing
authority and it is declared to be altered or forged, the CPSA will refund
its full purchase price, regardless of the stature of the expertizing
authority issuing the pre-existing certificate of authenticity.
This guarantee also applies to items for
which an opinion of authenticity is refused because of insufficient means of
corroboration, unless the item is sold with an indication that it is being
sold "as is" and not subject to a return (for example, most bisects on piece
are uncertifiable and sold "as is").
Refunds will only be given when the item is returned in exactly the same
condition as when it was bought (this implies the absence of any expertizing
markings by the expertizing authority) and only if accompanied by the
photo-certificate declaring it not to be genuine. The CPSA will also refund
the full cost of the certificate provided the original certificate is
surrendered to the CPSA for its reference files.
The CPSA will hold the seller of any lot
through its auctions to be bound by the same guarantee;
that is, the CPSA expects to collect from
the original seller the monies refunded to the buyer for any lot that is
returned under this guarantee. This guarantee is a condition of sale imposed
by the CPSA on all sellers through its auctions. If the buyer is sending any
purchased items to be expertized, the buyer needs to notify the auction
manager of this intention immediately upon receipt of the item(s),
indicating the expertization service that will be used.
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| Top |
Submission of Material | Lot Descriptions |
Condition | Gum |
Pricing | Abbreviations |
Bidding |
| Bidding Increments |
Commissions | Postage
& Insurance | Payment for Purchases |
Return of Lots |
| Payment to Sellers |
Return of Unsold Lots |
GUARANTEE |
Auctions Directory |
Auction Manager:
Jack E. Thompson
1005 McCauley Road
Danville, CA 94526, U.S.A.
e-mail: jetgold@sbcglobal.net
Tel: 925-791-5120 Fax: 925-940-9502
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