TERMS AND CONDITIONS OF SALE

Precious Stones and Precious Metals (Prevention of Money Laundering and Terrorism Financing) Act 2019

1. Numismatic Society Asia is a regulated dealer, compliance with the regulatory requirements under the PSPM Act is mandatory.
2. Under MAS regulations, we are not allowed to engage in business dealings with individuals or entities from D.P.R. of Korea, Democratic Republic of the Congo, Iran, Libya, Somalia, Russia, South Sudan, Sudan and Yemen. Should a winning bidder be from any of the above countries, the transaction shall be rescinded.
3. Proof of identification (NRIC/Passport) will be required upon collection of payment. Please refer to Ministry of Law “Notice for Customers”.

Buyer’s premium and other charges

1. Buyer’s premium is 12%(Members), 16% (Non-members) on the hammer price.
2. If delivery is required within or outside Singapore, please contact us to make the necessary arrangements and wait to receive our invoice before making payment. Fees pertaining to the agreed shipping arrangement will be added to the bill.
3. Self-collection is available only to buyers residing in Singapore.
4. A bank charge of SGD30 will be added to the invoice for payments made by overseas bank transfer.
5. Payment by bank transfer, please take note of our bank account details as follows:

Account Name: Numismatic Society (Asia)

Bank Name: United Overseas Bank Ltd

Swift Code: UOVBSGSG

Branch: Coleman

Account No.: 911-345-314-8

Payment Terms

1. Payment must be made within 7 calendar days from the invoice date. The purchased lots will be released to the buyer upon full payment of the invoice.
2. Bidders who do not make full payment within the stipulated 7 days deadline will be blacklisted and be subjected to additional requirements to participate in future auctions.
3. Preferred modes of payment include cash, PayNow and bank transfer. Local bank cheques are accepted but release of purchased lots can only be made upon clearance.
4. Cash in SGD is accepted from local buyers however strictly restricted to a maximum of SGD20,000 per client

Disclaimers & Warranties

1. NSA is not responsible for grades assigned by 3^rdparty grading companies (eg. ANACS, NGC, PCGS, GongBo, PMG, etc) and makes no warranty regarding such grades. Hence, sold lots of coins or banknotes graded by these 3^rd party grading companies are not returnable for any reason whatsoever.
2. Group lots are SOLD AS IS and are not returnable by the buyer. A single lot with 3 or more items can be considered a group lot.
3. For ungraded coins or banknotes without  buyer’s examination prior to auction, these lots may be returned and payment refunded, provided the lots in question are still in their original packaging and notice is given by the buyer no later than 7 calendar days from the date of receipt or collection.
4. All oral and written statements made by Numismatic Society (Asia) are statements of opinion only and are not warranties or representations of any kind. Strictly NO RETURN should the description differs with any individual or grading companies.

Internet Bidding on wallabid.sg

The bidder is responsible for the personal information he / she wrote while registering. Users must read and agree to the terms and conditions of sale for NSA auctions in order to participate in sales.

Under the Personal Data Protection Act, the collection of personal data in this website is to facilitate the handling of auctions on this bidding plaform (wallabid.sg). The data collected will not be disclosed or used for any other purpose. By registering, I hereby consent to the provision of the personal information for the purpose specified in the paragraph above.

NSA reserves the right to approve/reject registration to the auction.

Law & Jurisdiction

The above terms and conditions of sale shall be governed by and construed in accordance with the laws of Singapore.

Bidding Increments