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<p>[QUOTE=&quot;lordmarcovan, post: 3112493, member: 10461&quot;]I think I have a very <i>basic</i> grasp on this, but help me with some of the fine print, if you would:</p><p><br /></p><blockquote><p><b><span style="color: #4d4dff">Terms of Sale</span></b></p><p><span style="color: #4d4dff">All lots are offered subject to </span><span style="color: #000000">___</span><span style="color: #4d4dff"> Ltd’s Conditions of Business and to reserves.</span></p><p><span style="color: #ff0000">Of course.</span></p><p><span style="color: #4d4dff"><br /></span></p><p><span style="color: #4d4dff">Estimates are published as a guide only and are subject to review. The hammer price of a lot may well be higher or lower than the range of figures given and there are no fixed starting prices. </span></p><p><span style="color: #ff0000">OK, sure.</span></p><p><span style="color: #4d4dff"><br /></span></p><p><span style="color: #4d4dff">Images of additional items not illustrated in the printed catalogue are available online.</span></p><p><span style="color: #ff0000">Not an issue- the lot I&#039;m looking at is amply illustrated.</span></p><p><span style="color: #4d4dff"><br /></span></p><p><span style="color: #4d4dff">A Buyer’s Premium of 20% is applicable to all lots in this sale and is subject to VAT at the standard rate (currently 20%). Unless otherwise indicated, lots are offered for sale under the Auctioneer’s Margin Scheme.</span></p><p><span style="color: #ff0000">I&#039;m wondering if this means if that&#039;s +20% buyer&#039;s fee plus <i>another</i> 20% VAT? Does VAT apply to an overseas bidder like me?</span></p><p><span style="color: #ff0000"><br /></span></p><p><span style="color: #ff0000">What is the &quot;Auctioneer&#039;s Margin Scheme&quot;?&nbsp; Is that anything I even need concern myself with, or does it just refer to something the auctioneer must abide by?</span></p><p><span style="color: #4d4dff"><br /></span></p><p><span style="color: #4d4dff">g Lots marked with the letter g qualify as Investment Gold as defined by H.M. Customs &amp; Excise. Whilst invoice totals for such lots will be of equivalent value to those for lots sold under the Auctioneer’s Margin Scheme, the VAT on the Buyer’s Premium will be itemized separately.</span></p><p><span style="color: #ff0000">Not an issue- the lot I&#039;m looking at is not gold.</span></p><p><span style="color: #4d4dff"><br /></span></p><p><span style="color: #4d4dff">VAT may be refunded to buyers from outside the EU under certain circumstances and if satisfactory evidence of export is produced within three months of the date of sale. </span></p><p><span style="color: #ff0000">What does this mean?</span></p><p><br /></p><p><span style="color: #000000">___</span><span style="color: #4d4dff"> Ltd can obtain quotations for the shipping of purchases and assist in applying for export licences. However buyers are reminded that it is their responsibility to comply with UK export regulations and with any local import requirements.</span></p><p><span style="color: #ff0000">What do I have to do to apply for an export license?&nbsp; Presumably the firm will assist with this, but does any of this add to the cost?</span></p><p><br /></p></blockquote><p><br /></p><p>Hypothetically, if I won a coin for £100 under these terms, what would the total with buyer&#039;s fee and VAT be, excluding any shipping and/or export licensing costs?&nbsp; £140?</p><p><br /></p><p>Sorry, it&#039;s all a bit bewildering to this American.&nbsp; I&#039;m accustomed to overseas purchasing at fixed price, but my experience with auction venues other than eBay are limited, and I have <i>zero</i> experience when it comes to auction venues outside the USA.[/QUOTE]</p><p><br /></p>

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