Conditions of Sale
Mail Sales and Public Auctions - 15% Commission added to all lots

1. All lots will be sold to the highest bidder, at a slight advance over the second highest bid. In sending bids, state the highest price you are prepared to pay; your limit will not be used unless absolutely necessary.

2. Bids are to be as per lots numbered in the catalogue and in even dollar amounts. SHP reserves the right to withdraw any lot prior to sale closing, and/or reject unreasonable bids.

3. All Lots are guaranteed genuine. Should any lot be proved otherwise by a competent authority, such as the Philatelic Foundation, PSE or APS, SHP will reimburse purchaser for the cost of the item and certificate. Items with certificates up to five years from date of sale are ineligible for re-certification. SHP must be notified within 10 days of receipt of item of intent to obtain certificate. SHP is liable for certificate cost up to $100 only; lots must be paid for in advance.

4. Lots are Not Returnable for the following reasons:

1. Lot contains 10 or more items
2. Lots were viewed by Purchaser or Agent
3. Lots described as having defects or faults or 'as is'
4. Lots photographed are not returnable for reason of centering, perforations, or cancels
5. Lots bid on incorrectly, due to bidder error.
6. Lots returned after 10 days of receipt for any reason.

Over $1500 auctioneers option or $100.00.  Bids which do not conform to the above will be automatically reduced to the appropriate level.

IMPORTANT: Bids for either-or lots will be accepted ONLY with the understanding that only one bid will be posted to the lot which would have the best chance of winning at the time.

6. All Lots Payable Prior to Shipment, unless party is known to us, in which case material will be shipped, and payment is expected within 10 days of receipt. Payment by cash, check, money order, drawn from a United States bank in U.S. dollars. Credit cards accepted are VISA, MASTERCARD, and DISCOVER only. Invoice will include charge for postage and/or insurance, registration if required, plus 15% buyer's commission for mail sales. Texas state sales tax will be added where appropriate. Successful bidders must pay for lots within 10 days of receipt unless prior arrangements have been made. Unpaid for lots remain the property of SHP and in event of default by purchaser, will be resold with any loss arising being the responsibility of defaulter. Any account more than 30 days in arrears subject to 1 1/2% per month late fee. Should legal action be required, defaulting purchaser is responsible for all such charges incurred.

7. Catalogue Values and Numbers are from the latest edition of Scott Catalogue. Estimates of the actual value may be more or less than catalog, and are located in the far right hand column. Scott provides a Supplemental Value Catalog listing values for grades above and below very fine. In cases of PSE expert graded stamps with certificates, the appropriate Scott SCV or PSE SMQ value for that grade is listed. The catalog value is indicated by "Cat" at the end of each lot descruption. Sam Houston Duck Company's list has been used for catalog numbers and estimates of duck stamps, except for those with graded certificates as covered above. Other specialty catalogs used for otherwise unlisted issues are J.R. Wooten, H. Richoux, and D. Torre. Values provided are for bidder guidance, and actual realizations may vary.

8. Telephone Bids are acceptable, but must be confirmed in writing. Due to time constraints in taking lengthy bids over the phone, we prefer bids to be mailed in, with last minute bids and changes by phone. However, should a phone bid be necessary, we will be happy to cooperate.

9. Mint Stamps have Original Gum (OG) unless stated otherwise. Stamps listed as Unused will be without gum. See symbols and abbreviations page for additional information. Never hinged (NH) stamps will be listed as such.

10. Cover Lots - When described, postal markings are graded by comparison to the illustrations in the American Stampless Cover Catalogue. Evidence of aging is to be expected on older material, especially stampless covers. Light toning, file folds and edge foxing are the rule rather than the exception, and lots are not returnable for these minor reasons. We do try to mention these characteristics in any event. More serious faults, such as major tears, missing flaps, or stains will be described specifically.

11. Placing of a bid constitutes acceptance of the conditions of sale. Bidding is a privilege...and a contract. Review your bids carefully to avoid error. Lots are not returnable due to bidder error.

12. IMPORTANT: Bids for either-or lots will be accepted ONLY with the understanding that only one bid will be posted to the lot which would have the best chance of winning at the time.

RITA DUMAINE, Vice President / Auctioneer # 14049

MICHELLE DUMAINE DYSON * STEPHEN FERRELL * MIKE YENIK * KAY DYSON

SAM HOUSTON PHILATELICS
LICENSED AND BONDED AUCTIONEERS
14780 Memorial Rd. #110 Houston, Texas 77079
281-493-6386 or FAX YOUR BID 281-496-1445 or email auctions@shpauctions.com
This firm complies with A.S.D.A
Qualified Public Auctioneer Code of Ethics

CENTERING

Avg.	Average, perfs touch	VF	Very Fine
Fine	perfs clear	XF	Extremely Fine
F-VF	Fine to Very Fine	SUP	Superb

SYMBOLS

*	Mint Hinged	¤	Used
**	Mint Never Hinged	//	Incomplete Set
(*)	Unused-no gum	–	Mint and Used

COLORS

Brown	Brn	Orange	Org
Carmine	Car	Vermilion	Ver
Green	Grn	Ultramarine	Ultra

ABBREVIATIONS

addr	addressed	lt/lgt	light
adhr	adherence	mgn	margin
adv	advertising	ms	manuscript cancel
ALS	autograph letter signed	nat'l	natural
appr	appears/appearance	NG	no gum
APS	American Philatelic Society	ngai	no gum as issued
avg	average	ngb	natural gum bend
B/Btm	bottom	ngc	natural gum crease
bklt	booklet	ngs	natural gum skip
blk	block/black	npi	natural paper inclusion
b/s	backstamped	NH	never hinged
ccl	cancel	omob	owner's mark on back
ccr	corner crease	OG	original gum
c/c	corner card	PB	plate block
cds	circular date stamp	PFC	Philatelic Foundation Certificate
cert	certificate	PG	partial gum
cnr	corner	PH	photograph
cntr'd/'g	center/centering	pl	plate
commem	commemorative	pnb	pencil notation on back
cond	condition	PNS	plate number single
cr	crease	pos	position
cv	catalog value	pr	pair
cvr	cover	PSE	Professional Stamp Experts
dbl	double	R	right
dc	double circle	RG	regummed
defin	definitive	rpf	reperforated
DG	disturbed gum	sba	signed by artist
diag	diagonal	SB	Starting Bid
dlc	double line circle	SCV	Scott Catalog Value
dlo/do	double line oval/oval	SE	straight edge
doc	document	selv	selvage
DS	document signed	sep	separation
ECV	estimated catalog value	SFL	stampless folded letter
env	envelope	sgl	single
ex	example	sig	signature
ff	file fold	SL	straight line
FL	folded letter	sm	small
flt	fault	SON	socked on the nose ccl
fog	fingerprint on gum	sp	short perforation
HHR	heavy hinge remnant	S.P.	signed photo
horz	horizontal	S/S	souvenir sheet
HR	hinge remnant	stn	stain
H/hvy	heavy	T	top
HS	hand stamped	th	thin/thinned
IBC	Inside Back Cover	th'd/'g	toned/toning
IFC	Inside Front Cover	TLS	typed letter signed
impt	imprint	tr	tear/torn
incl	including	UL/UR	upper left/upper right
L	left	var	variety
LH	lightly hinged	vert	vert
LL/LR	lower left/lower right	VLH	very lightly hinged
LP	line pair (guide line pair)	w/;w/o	with;without
lrg	large	wmk	watermark
		WPH	Web Photo