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A mail bid sale is an auction where all bids are submitted in writing.

The mail bid sale helps the collector to better determine the value of a coin, which benefits both buyer and seller, as the

coin’s selling price is the result of input from thousands of participants and not just the opinion of a single specialist.

DATES :

Cutoff for consignments was

December 1

st

2011,

bid sheets must be received by no later than the close of business on

February 9

th

, 2012 

; notification of successful bidders and list of prices realized will be sent to bidders on

February 16

th

, 2012

.

Settlement to consignor will occur on

March 16

th

, 2012

. Unsold lots will be offered at their opening prices till

March 3

rd

, 2012.

LOT VIEWING :

The coins in this sale will be available for viewing as soon as the catalogues have been shipped.

Viewing will be at 36, rue

Vivienne, 75002 Paris, and is by appointment only

.

THE CATALOGUE :

PHOTOS

depict theactualsizeof thecoins,andareshotundernormal lightingconditions.Allenlargementsarespecifiedassuch.

All

DESCRIPTIONS

have been made in good faith. We have included all the information we thought helpful - not only to

the collector but to the scholar as well. This sale contains coins that range from rare to extremely rare. After the sale, the coins

will have dispersed in your various collections, but the data will remain available to everyone.

GRADING

has been strict and realistic.

REFERENCE

books have been chosen for each coin to help each collector to attribute every coin with precision. A

BIBLIOGRAPHY

is provided with a listing of all books used in the preparation of this catalogue.

The

OPENING BIDS

have been determined in consultation with each consignor, and constitute the minimum bids that will

be accepted.

ESTIMATES

are, in our opinion, the approximative values of each lot. Of course, this evaluation can only be accurate for

coins that appear often enough on the market to satisfy collector demand. As many of the coins in

MONNAIES 52

have not

been offered for years, estimates for many items may be somewhat conservative. The rarer the coin, the farther off our estimate

may be. In any case,

it is never intended as a maximum

.

BIDS :

SUBMITTING THE BID SHEET

Write your bids as clearly as possible on the bid sheet.

Please follow your own preference order

. Do not forget to give

your mailing address, daytime phone and fax numbers.

Please specify if your bids can be increased by 10, 20 or 30% if

necessary

, in order to obtain the lots you want. You may submit as many bids as you wish and you may set

a total spending

limit amount cutoff. No bids will be accepted for less than the opening bids

. Any bids under these amounts will be ignored

as well as cents in bids including cents of euros.

Submission of a bid constitutes a guarantee to pay for all lots won. All

bidders are responsible for the bids they submit, including bids made on the behalf of third parties. This is not an approval

sale. Don’t forget to sign your bid sheet !

SENDING YOUR BIDS

: send us your bids any way you want but the sooner the better due to slow mail delivery. To avoid

any delay, please fax a copy of your bid sheet to

+33-1-42 36 66 38 or + 33-1-40.41.97.80

or send by e-mail :

vso@cgb.fr

.

If you wish to be sure your bids remain unknown until the close of the sale, please specify so on the envelope (

CGF/ VSO

ORDRES, 36, rue Vivienne 75002 PARIS

) and include only your bids in the envelope.

WINNING BIDS :

Each lot will be won by the highest bidder but he will only pay at the second best bid plus :

-

15

euros for coins bringing less than

150

euros

-

30

euros for coins bringing between

151

and

1.000

euros

-

100

euros for coins bringing between

1.001

and

1.500

euros

-

200

euros for coins bringing over

1.501

euros

An exception will be made in the case where the difference between the highest and second highest bid would be less than

the normal increment.

If a lot receives only one bid, it will be sold at the opening bid regardless of the amount bid.

If two identical bids are received on one lot, the bid reaching us first will win the lot.

Coins not sold will be available at their opening prices till

March 3

rd

, 2012.

The computer takes all bids to figure out the final price, even if some bids are void due to completed budget.

10% (HT + VAT 19,6% = 12%) IS ADDED TO THE TOTAL SUM OFYOUR BILLAS ACONTRIBUTION TO THE

COST OF THE AUCTION.

RESULTS

The realized price list (including unsold lot numbers) is sent to the bidders and to collectors who paid for the catalogue. The

realized price list includes the realized prices and the highest bid registered for each lot.

EXPORT:

Due to a change in French legislation, we are now systematically required to obtain an export certificate from the

Ministry of Culture before sending coins dating before 1500 and worth more than 1500 euros to all countries. It Usu-

ally takes us four weeks to obtain these documents.

Coins sent to countries within the European Union require no formalities. Time and care are needed for coins exported outside of the

European Union. We thank you in advance for your patience. Customers wishing their coins exported would help us greatly if they

would state clearly and in detail how and where they wish to receive their coins, and what, if any, insurance they might have for such

shipments.Actualcosts(

minimum : 15 euros, and, maximum : 100 euros

) for shipping and export will be added to your invoice.

- 6 -

MAIL BID SALE TERMS