Terms & Conditions

Using the website indicates your agreement to all terms & conditions mentioned here & displayed on this website. The content of this agreement includes terms, some additional conditions, notices publishes time to time on the website.

Auction sale (Floor auction & Electronic Auction) conducted by Coin World Auctions, Nagpur. It is a licensed & registered, who’s following the guidance of Archaeology Survey of India (hereinafter referred to as "Auctioneer"). Bidding in this Auction signifies acceptance by you (the "Bidder") of all the Terms and conditions stated herein and shall be bound by them. Bidders may include consignors who may bid and purchase lots in the Auction consigned by the consignor or by other consignors. Auctioneer considers the final Buyer who makes the highest bid approved by the Auctioneer. Indian residents/NRIs having registered address in India can take part and bid in these Auctions. Bids will not be accepted from any Bidder under the age of 18 years (minor person).
As the Antiquities and Art Treasure Act, 1972 clearly states that the items over 100 years old cannot be taken out of India without the permission of the Director General, Archaeological Survey of India, Dharohar Bhawan, 24 Tilak Marg, New Delhi 110 001. So we recommend our all bidders / buyers that abide by this rule.
Under some unavoidable circumstances, Auctioneer reserves the right to postpone or cancel the auction without notice in its sole discretion. Any lot or lots may be withdrawn by the Auctioneer without public notice prior to it being sold. Participant (bidder) in the Auction shall have no right to claim any costs or damages, including consequential damages from the Auctioneer or the Consigner if a lot or lots is withdrawn from the auction, or due to delay or cancellation of the auction.
Items or Lots placed in any type of auction (floor auction or e-auction) may carry a Reserve price. A Reserve price is considered as a confidential price or bid below which the Auctioneer will not sell an item or will re-purchase on behalf of the Consignor.
The final Purchase price for each lot shall be the sum of Hammer price (the price realized by an item sold at auction) plus Buyers Premium/Commission which is 12.50% plus applicable taxes on Hammer price plus applicable taxes on Buyers Premium. Currently GST / IGST are the applicable tax which is 5% on Hammer price & 18% on Buyer’s Premium. So if your Hammer Price is Rs.1000/- then your Buyer’s Premium(12.50%) which is Rs.125/-, GST /IGST on Hammer Price (5%) which is Rs.50/-& GST / IGST on Buyer’s Premium (18%) is Rs.22.50/-. Result of this your total price to be paid is Rs.1000/- + Rs125/- +Rs.50/- +Rs.22.50/- =Rs.1197.50 so Total Price (Rounded) to be paid is Rs.1198.00/-
Shipping & Insurance charges will be extra which is over & above the total price to be paid. These shipping charges on lots depend on weight, size and quantity. Shipping & Insurance charges are considered as associated costs which will put in the final Invoice.
Auction payments shall be made only in Indian Rupee (INR). Payments accepted by Cash/Cheque/Demand Draft/Credit Card drawn on Indian banks or by Net Banking. We also accept payment through Credit cards but with additional 3% service fee. Items will not be sent until the entire amount reflects in our bank account.
Invoices are due and payable immediately upon receipt. The total Invoice amount shall be paid in full within 7 days of the auction date. Interest and late fees of 2% per month plus GST shall be payable on Invoices not settled within 7 days of the auction date. Any bidder, who does not pay within 7 working days, may be considered a non-serious buyer. Auctioneer has the full rights to put restriction on such bidder in future auctions.
If in case the bidder / buyer fails to make full payment within 14 days of the auction end date, Auctioneer reserves the right to consider the sale as incomplete and re-sell the material by auction or privately, without notice to the highest bidder, and the Highest Bidder agrees to pay for the reasonable cost of such a sale and also to pay any difference between the resale price and the Bidder’s purchase price. Auctioneer has a full right to offset any sums due from a Bidder against any future consignment or purchase or levy or goods in possession of Auctioneer.
Auctioneer shall make maximum efforts to properly enter and execute bid received from website, E-mail or by other means. However, the Auctioneer shall not be held accountable for any errors for incorrectly entered or incorrectly executed bids from the bidder. Bidders are solely responsible for their bids including any errors they may make in placing bids. Once the lot is announced sold, the Bidder is unconditionally bound to pay for the lot, even if the Bidder made a mistake. The Auctioneer reserve the right to refuse and reject unsigned bid sheet.
The Auctioneer shall have the right to open or accept the bidding on any lot by placing a bid on behalf of the Consignor, a Bidder by mail, telephone, internet, or any other participant in the Auction. Bids received must be for an entire lot and each lot signifies a separate sale. Auctioneer shall have the full right to accept or decline any bid, challenge any bid or bidding increment, to decrease any bid received, judge all bidding disputes and to decide the current or valid bid. The Auctioneer shall have the right, but not the obligation, to cancel the acceptance of any bid and place the lot for Auction again. Auctioneer's decision on all bidding disputes shall be final and obligatory to all.
No "unlimited" or "buy" bids will be accepted. In some circumstances 2 or more identical bids received for a particular lot, Auctioneer will decide whose bid received first. Internet bid will take preference over an identical floor bid. The estimate figure on each lot are the Auctioneer’s estimate of an expected price only, bids which are less than the lower estimate will not be consider by the Auctioneer.
The Auctioneer will not hold accountable for the secure custody of any lots left for more than seven (7) working days after the date of sale, and reserves the right to charge storage.
If a lack of authenticity found in the sold lots, imperfections and errors of description. Neither the Auctioneer nor the Consignor shall give warranty to any buyer in respect of any lot, or held as responsible for any fault or error of description. All statements as to the items sold, whether made in catalogues, during the course of the auction, or otherwise, are statements of opinion only, and are not and shall not be taken to be statements or representations of fact. The Auctioneer reserves the right in forming his opinion, to consult and rely upon any expert or authority considered by him reliable. In case, if any lot should have been wrongly described in any material aspect, the bidder may reject the same, provided that he/ she shall have given written note or email communication from the registered email id of intention to do so and shall returned the same to the auctioneer within seven (7) days from the day of the sale. Lots that have been encapsulated (“slabbed”)/Graded by a grading and/or authentication service may not be returned for any reason, including authenticity, if they have been removed from the encapsulation (“slab”)/Grading. Under no circumstances will the Auctioneer be liable for any costs, expenses or damages incurred by the bidder /buyer in respect of any lot, including, but not limited to, loss of any kind of profit whatsoever. Bidders are advised to properly check the lots they bid for.
Bidders who have not paid their previous Invoices in full and also the new bidders or unknown to us must provide us with deposit of at least twenty percent (20%) of their total bids for that Auction or such other amount which the Auctioneer decides, require before any bids from such Bidder will be accepted. Deposits submitted will be applied to purchases. Any remaining deposits will be promptly refunded, upon clearance of funds.
The Auctioneer (Coins World Auctions) gives utmost importance to the privacy and protection of our client’s personal data. We have strict administrative protocols in place to ensure that your personal information when communicating with us and using our services, is safe and secure. However we cannot guarantee that such data will not be at risk to external malicious events like hacks and security breaches.
We are accepting PAN Card (Photo identity Proof), Aadhar Card or Passport (Registered Address proof) at the time of registration. Our verification team authorises these documents & avail you the option to become registered bidder for the Auctions.
We collect stores & use your personal data only to enable you to consign or purchase property or services and to advise you of forthcoming auctions, events and latest updates.
We will not share your Personal Data with anyone outside the Coin world Auctions Company. We ensure that access to your information is limited to our employees and associates only and to the extent necessary for them to perform their functions.
Currently lot of E-mail fraud is happening very commonly, so we request you to note that Coin World Auctions never sends e-mails asking you to reply with your account or other personal information. However, Coin World Auctions cannot be held responsible for external phishing scams or the user’s reaction to such attempts.
The content of the Web Site extends to a wide range of art and antiquities, which is generally uncensored, If you find any type of content offensive, we suggest you that you should not use the Web Site.
The contents of the Web Site, such as text, graphics, images, audio, video, data, program coding, scripts and other materials, are protected by copyright under the laws of the Union of India as well as other countries, and are owned or managed by Coin World Auctions or by third parties that may have licensed their Material to Coin World Auctions.
Unauthorized use of the Material is a violation of copyright, trademark, and other laws. You may not sell, prepare copied works based on or modify the Material (including, without limitation, preparation of summaries of the Material or "thumbnails" of any images therein), or reproduce, publicly display, publicly perform, distribute, or otherwise use the Material in any way for any public or commercial purpose. The use of this website Material or any portion thereof on any other website, or in any publication, database, catalog or compilation, or in a networked computer environment for any purpose other than personal browsing of the website without the prior written permission of Coin World Auctions is strictly prohibited.
The Auctioneer authorizes you to view and download a single copy of the lot or material solely for your personal, non-commercial use, or in the case of dealers, to display to your clients solely for purposes of facilitating a transaction with the Auctioneer. Any violation of this term will invite disciplinary action including but not limited to civil and or criminal proceedings against the violators.
With respect to any copy you make of the Material within the scope of the limited personal license granted herein, you must retain therein, un-modified and un-obscured, any and all copyright and other proprietary notices contained in the original Material. You agree not to attempt to remove, deactivate, reverse engineer, modify, fiddle with or obscure watermarks or other digital effects in any material on the website.
The trademarks, logos displayed on the Website are owned by Coin World Auctions or third parties. You are prohibited from using the Marks without the express, prior written permission of Coin World Auctions or such third party. If you would like information about obtaining our permission to use the Material on your website, please email us on [email protected]. Once we approved or granted the permission then only you can use such material on your website.
Coin World Auctions reserves the right, at its sole discretion, to change, modify, add or remove any portion of these Terms and Conditions, in whole or in part, at any time, and we will post the revised version on this Site. Modifications in the Terms and Conditions will be effective when posted. Your continued use of the Website and/or the services offered on or through the Website after any changes to the Terms and Conditions are posted will be considered acceptance of those changes.
If you are not satisfied with any portion of the website, or with any condition of the agreement, we advise you to discontinue using the website. Under no circumstances shall the company be responsible to any user or any third party on account of that user's use of the website. In no event shall the company and/or its suppliers be responsible to you or any such third party for any direct, indirect, disciplinary, ideal, subsidiary, special or substantial damages or any damages whatsoever, including, without limitation, damages for loss of use, data or profits, arising out of or in any way connected with the use or performance of the website, the delay or inability to use the website, the provision of or failure to provide services, or for any information, software, products, services and related graphics obtained through the website, or otherwise arising out of the use of the website, whether based on contract, strict liability or otherwise, even if the company or any of its suppliers has been advised of the possibility of damages.
Any dispute arising out of or related to these Terms of Sale, the Auction or any lot, with the sole exception of actions by the Auctioneer (Coin World Auction) to collect amounts owed to it and other damages shall be subject to Nagpur Jurisdiction, regardless of the location of the Auction.