GOLD STANDARD AUCTIONS, LLC
BIDDER TERMS & CONDITIONS
These Bidder Terms & Conditions (these "Bidder Terms") govern your access to,
and use of, Gold Standard Auctions, LLC's ("GSA") "Services" (as defined in the GSA
Auction and "Buy it Now" Terms and Conditions, hereinafter the "GSA Terms") as a Bidder,
whether it be via GSA Auction or "Buy it Now" listing. The Services can be accessed
through GSA's websites - www.goldstandard.com and
www.goldstandardauctions.hibid.com (hereinafter the "Sites"). These Bidder Terms,
shall be incorporated into the GSA Auction and "Buy it Now" Terms and Conditions
posted on the aforementioned websites, and are herein collectively referred to as
the "Terms." All terms used (including capitalized terms) and not defined herein shall
have the meanings ascribed to them in the GSA Auction and "Buy it Now" Terms and
Conditions (and as hereinafter amended), and such terms and conditions are
incorporated herein by reference for all purposes (and these Terms supersede if a
conflict arises as to any specific word, clause, or sentence).
1. Bidder Registration and Account Approval. As a Bidder for the purchase of
certain currency, coins, tokens, medals, precious metals and/or other
collectables (hereinafter collectively referred to as "Products") utilizing GSA's
Services, you understand, acknowledge and agree that you must register a
Bidder Account with GSA. Your Bidder Account must be approved by GSA, in
its sole discretion, before you can utilize GSA's Services. Application for a
Bidder account is your express agreement to the Terms.
2. Listed Product(s). GSA does not inspect listed Product(s), validate a Seller's
ownership of or authority to sell listed Product(s), or provide any
representations or warranties concerning listed Product(s). Bidding on, or
otherwise purchasing listed Product(s) via the "Buy it Now" option on the Sites,
is conducted at your own risk, and any resulting transaction for Product(s) is
solely between you and the Seller. GSA does not supervise, direct, or control
third-party Sellers. You further understand, acknowledge and agree that GSA
will not be liable for, and you shall not make demands or claims for, listed
Product(s) that you bid on, the acts or omissions of third-party Sellers, or for
any proposed or completed transactions between you and a third-party Seller.
You understand and agree it is your responsibility to verify all claims and
representations of the Seller.
All auction and "Buy it Now" transactions and the terms of any agreements
that may occur between Sellers and Bidders or users of GSA's Sites or Services
are determined solely through Seller and Bidder. GSA is not bonded (nor is it
liable) for the protection of Sellers or Bidders or any user of our Sites or
Services.
3. Auction / "Buy it Now" Information and Bidder Inspections. The auction
dates, information, descriptions and prices for listed Product(s) are
determined by the Seller and may be subject to change. GSA does not inspect,
confirm, guarantee or warrant the condition of the listed Product(s). GSA does
not verify the accuracy of, or control, the information and details concerning
the listed Product(s). You waive all reliance on Product descriptions, and
agree to solely rely on your own evaluation based on examination of the
Product/Lot photographs. GSA does not guarantee that Sellers have or
maintain proper bonds or any bonds which Sellers may be required to
maintain pursuant to applicable laws, rules, and regulations. GSA also does
not guarantee that Sellers have or maintain proper licenses or registrations
required by applicable laws, rules or regulation, or that Sellers comply with
applicable laws, rules, or regulations. You should take appropriate steps to
verify the accuracy of the listed Product descriptions. You should also take
appropriate steps to inspect or validate the condition of listed Product(s) prior
to bidding on and receiving listed Product(s). GSA is not responsible for any
errors or omissions in the content of any listed Product(s). GSA reserves the
right, in its sole discretion, to (i) withdraw any listed Product(s) from our
auction and/or "Buy it Now" Services; (ii) amend the information for a listed
Product (without any legal obligation to do so); or (iii) cancel any proposed bid
for listed Product(s) that GSA deems to be suspicious or fraudulent and report
such bid to applicable authorities.
4. Additional Terms Posted by Seller. A Seller may post additional terms and
conditions for their listed Product(s) (the "Seller Posted Terms"). Seller Posted
Terms are between you and the Seller and are separate from these Bidder
Terms. You expressly agree to such Terms and are solely responsible for
reading and understanding any Seller Posted Terms (in addition to these
Terms and the GSA Terms) prior to placing a bid on any listed Product(s) via an
auction or "Buy it Now" listing. GSA does not create, review, negotiate, or
enforce Seller Posted Terms. If you do not agree to the applicable Seller Posted
Terms, you should not place a bid on the listed Product(s).
5. Additional Fees by Seller. In addition to the price of listed Product(s), Sellers
may charge a buyer's premium (which is an additional fee that a winning
bidder is required to pay above the auction or "Buy it Now" price) as well as
shipping, handling, and other fees. These fees are set by the Seller and may be
subject to change depending on the Seller and the listed Product(s).
6. Additional Seller Registration. A Seller may require a Bidder to separately
register with it prior to bidding on the Seller's listed Product(s), and may permit
or deny the additional registration at its sole discretion.
7. Transportation, Risk of Loss, and Additional Costs. GSA is not responsible
for the care, loading, transportation, delivery or risk of loss for any listed
Product(s). Except as otherwise set forth in any Seller Posted Terms, the Bidder
with the winning bid will be responsible for compliance with all laws and
regulatory requirements applicable to the transportation of the listed
Product(s). Except as otherwise set forth in any Seller Posted Terms, the Bidder
with the winning or "Buy it Now" bid will be solely responsible for all packaging,
freight, shipping, taxes, customs, duties, check off fees and other costs relating
to transporting the listed Product(s). These costs may include special handling,
loading, transportation costs, taxes, duties, and fees required to move the
listed Product(s) to the Bidder's desired location. You should confirm
transportation, delivery and risk of loss information with the Seller and your
designated transportation provider. Furthermore, except as otherwise fully
set forth in Seller Posted Terms, the Bidder with the winning or "Buy it Now"
bid shall be responsible for complying with all entry requirements for the listed
Product(s) for the state of entry. In no event shall GSA have any responsibility
for the transportation of listed Product(s) or for any risk of loss or liability
related to listed Product(s).
8. Bidding. You understand, acknowledge and agree that:
a. When you submit a bid using our Services, your bid will be forwarded to
the Seller and may be viewed by the Seller as a firm commitment and
an irrevocable offer to purchase. Once you place a bid on our Site, or
select the "Buy it Now" option, it may not be retracted. If you have the
winning or "Buy it Now" bid, a Seller may hold you legally obligated to
complete the transaction unless otherwise prohibited by law or
regulation.
b. By using GSA's Sites and Services to bid on listed Product(s), you grant
GSA permission to share your information with Sellers, including,
without limitation, your contact information (e.g., name, address,
telephone, number, email address, etc.) and other information that you
provide to GSA.
c. You may place a max bid on listed Product(s). When you place a max
bid, GSA's bidding technology should automatically place bids on your
behalf, using the smallest increment necessary to ensure you remain
the high bidder until your max bid is met. If another bidder has placed
the same bid before you, or a max bid that is higher than yours, GSA will
attempt to let you know that you have been outbid. In that situation,
you may attempt to place another bid within the specific auction time.
d. Auctions may have time extensions. If a Seller elects to use a time
extension for listed Product(s), the bidding period on the listed
Product(s) may be extended when a higher bid than the then-current
top bid is placed prior to expiration of that auction. The bidding period
will continue as long as such higher bids are being placed within the
time extension designated by the Seller.
e. GSA reserves the right to withdraw, postpone, or cancel any listed
Product(s), in our sole discretion, with or without notice. GSA shall have
no liability to you as a result of any withdrawal, postponement, or
cancellation of a listed Product(s) sale.
f. GSA reserves the right to void a bid that you place, whether winning or
not, which we believe (i) has not been made in good faith and in
accordance with these Bidder Terms and the GSA Terms; or (ii) is
intended to manipulate our Services.
g. The Seller is conducting the auction and makes the sole and final
determination with respect to the sale of listed Product(s).
h. WE DO NOT GUARANTEE THAT BIDS PLACED WILL BE RECEIVED AND
PROCESSED IN A TIMELY MANNER. ANY BIDS OF EQUAL AMOUNTS MAY
BE SELECTED AT THE AUCTIONEER'S SOLE DISCRETION, IF RECEIVED AT
APPROXIMATELY THE SAME TIME.
9. Prohibited Bidder Conduct. Any deliberate attempt to artificially influence
the sale price of any listed Product(s), directly or indirectly, including but not
limited to bidding through a secondary account, agent, or representative,
bidding on listed Product(s) that you may also be selling, communicating with
other Bidders, or chill bidding is expressly prohibited.
10.Additional Bidder Indemnity. In addition to the indemnification provisions
set forth in the Terms for GSA's Sites and Services, you, as the Bidder, agree to
indemnify, defend, and hold harmless GSA and its owners, members,
managers, employees, officers, agents, attorneys and representatives
(collectively the "Indemnified Parties") from and against any and all demands,
claims, causes of action, damages, costs, fees or other liability (including
reasonable attorneys' fees) arising out of or resulting from (i) any breach of
these Bidder Terms or the GSA Terms; (ii) taxes, customs, duties, or check off
fees payable with respect to, the listed Product(s) or any part thereof; (iii) any
deficiency in compliance with any laws, rules or regulations related to your use
of GSA's Sites and Services and any transactions with other GSA users; (iv) any
deficiency in compliance with any local, state, federal, and international laws,
statutes, ordinances, rules, reporting requirements/laws, import/export laws,
customs requirements/laws, and checkoff fee requirements/laws applicable to
the buying, handling, holding, transport, shipping, delivery, and import/export
of Product(s); and (v) any injuries to persons or property of any type, occurring
during your or your agent's inspection of Product(s), or resulting from the
purchase of any listed Product(s). If you breach any agreed terms, you are
liable for GSA's costs, expenses, and attorney's fees to defend or address such
breach.
11. Conflicts. In the event of a conflict between the provisions set forth in these
Bidder Terms and the GSA Terms, the GSA Terms shall prevail. MANDATORY
BINDING IN-PERSON ARBITRATION IS YOUR SOLE REMEDY UNDER THIS
AGREEMENT, PURSUANT TO THE TERMS SET FORTH IN THE GSA TERMS. YOU
WAIVE ALL RIGHTS TO A JURY TRIAL AND FILING A LAWSUIT. SEE GSA TERMS.
YOUR DAMAGES ARE LIMITED BY THE GSA TERMS WHICH SHOULD BE
REVIEWED BY YOU PRIOR TO BIDDING.
Last Updated 15 August 2023
Gold Standard Auctions, LLC
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