Ed Mullins Lionel Set Auction

Terms and Conditions:

This auction is being held at the Indiana Stout Auctions gallery located at: 529 State Road 28 East, Williamsport, IN 47993.

1. We are using TCA grading standards.

Rule No. 1 for grading: WE DO NOT TEST ANY ITEM TO OPERATE OR RUN. Although most items will operate nicely that we sell, we grade and sell only on the exterior appearance of the item, not on it's ability to operate or run. No exceptions to this rule. These are used toys and trains and in many cases decades old.

Grading is as follows:
C1 Junk-parts value only
C2 Restoration required
C3 Poor- requires major body repair: heavily scratched, major rust, missing parts, major restoration candidate
C4 Fair-scratched: moderate, paint loss, dented, missing parts, surface rust, evidence of heavy use
C5 Good- sign of play wear: with scratches and minor paint loss, small dents, minor surface rust, evidence of heavy use
C6 Very good: minor scratches and paint nicks, minor spots of surface rust, free of dents, may have minor parts replaced
C7 Excellent-all original: minute scratches and paint nicks, no rust, no missing parts, no distortion of component parts
C8 Like New-complete all original: No rust, no missing parts, may show affects of being on display and/or age, may have been run
C9 Factory New-brand new: all original, unused, may evidence factory rubs and the slightest evidence of handling, shipping and having been test run at the factory
C10 Mint-brand new: all original, unused and unblemished

Grading was done strictly and by appearance of the item, not boxes and not running ability. We do NOT guarantee running ability of any item. Absolutely no returns are accepted on items graded C5 or lower or marked with sold as is or general condition or on items marked as restored. After 30 days we will not accept returns under any circumstances, including items that may be described differently due to new technologies or information. Stout Auctions makes a reasonable effort to represent authenticity, originality, and grade of items with maximum accuracy at the time of the sale. Payment for an auction item that is received by Stout Auctions more than 14 days after the invoice date voids all rights to returns, for any reason. After 30 days, any issue with an auction item must be resolved through the consignor of the items and NOT Stout Auctions.
2. Internet bidding is provided as a service and convenience to allow people to bid at the live gallery style auction from your computer.
3. Buyer's premiums are as follows:
Internet bidding buyers premium is 19%. Buyers premium is 16% if paying by check or cash.
Phone bidders buyers premium is 19%. Buyers premium is 16% if paying by check or cash.
In house, attending bidders buyers premium is 13%. Buyers premium is 10% if paying by check or cash.
We have had an overwhelming positive response from individuals who feel it is much more convenient than hotel stays and traveling great distances. We hope that you find this service well worth it too.
4. Stout Auctions has made every effort to accurately describe all items being sold, but all property offered for sale is offered "as is" and it is the bidder's responsibility to determine the exact condition of each item. No statement in this catalog, bill of sale or invoice shall be deemed to be a warranty, representation, or assumption of liability with respect to age, condition, size, quality, variety, importance, provenance, or historical relevance of any of these items. Any such statements are strictly matters of opinion.
5. The Auctioneer reserves the right to make any changes to the terms of the sale and to the catalog.
6. Title to all merchandise shall pass to the highest bidder at the fall of the Auctioneer's "hammer". The purchaser shall assume full risk and responsibility of the lot purchased once title has passed.
7. Payment may be made by cash, cashiers check, money order, personal check, credit cards or Paypal. Payments for attending bidders are to be made the day of the auction with all items removed that day. Payment for an auction item that is received by Stout Auctions more than 14 days after the receipt of invoice voids all rights to returns, for any reason.
8. All absentee shipments are shipped by UPS within US borders. Orders outside the US are shipped by the US Postal Service.
9. Indiana residents must pay 7% sales tax unless exemption is allowed under the laws regulating such tax. Out of state buyers are not required to pay Indiana sales tax for absentee purchases unless they take delivery of the items in the state of Indiana, this includes picking up an item in Indiana that was bid via the internet. Attending bidders are required to pay sales tax unless exemption is allowed under the laws regulating such tax.
10. The Auctioneer will be the final judge as to which bidder is the highest bidder. In the event of any dispute in this matter, the auctioneer shall at his discretion decide to reopen the bidding or not.
11. Stout Auctions makes every effort to execute the bids, however Stout Auctions is NOT responsible for any missed bids.
12. Stout Auctions are not responsible for any typographical errors or omissions in this catalog or in the subsequent price key.
13. By bidding in this auction, you acknowledge and agree that all parties consent to the jurisdiction of the Courts of Warren County, Indiana. All parties acknowledge and agree that this agreement has been entered into in the State of Indiana and that it shall be construed in accord with the laws of the State of Indiana.
14. The auction items can be previewed in person by setting up an appointment in the weeks previous to the auction. View our website for more information.
15. In bidding on any lot here offered the bidder indicates acceptance of these Terms of Sale. For additional information regarding the Terms of Sale or any other matter relevant to this auction contact: Stout Auctions, 529 State Road 28 East, Williamsport, IN 47993 fax: 765-764-6901, tel: 765-764-6901.
16. We appreciate your bids and your business!

Payment Information

Payment may be made by cash, cashiers check (or other guaranteed funds), money order, personal check, credit cards or Paypal. Payments for attending bidders are to be made the day of the auction with all items removed that day. Payment for an auction item that is received by Stout Auctions more than 14 days after the receipt of the invoice voids all rights to returns, for any reason.

Shipping Terms

All shipments are shipped by UPS within US borders. Orders outside the US are shipped by the US Postal Service. Actual shipping charges plus the cost of the packing and materials are added to the invoices. Please make sure to confirm our address through Invaluable is the correct shipping address. The address you have on your Invaluable account will be the address that is printed on your invoice. It is the responsibility of the buyer to verify the shipping address on the invoice is correct prior to shipping. Stout Auctions is not responsible for outdated or incorrect shipping addresses associated with the buyers account. Buyers will be charged any additional rerouting fees associated with incorrect addresses. We will do our best to have all invoices emailed to all of our customers 5-10 business days after each auction. Please be patient, we ship thousands of items and it does take some time to properly pack your new purchase. We want it to arrive safely!

Buyer's Premium Information

Buyer's premiums are as follows:
Internet bidding buyers premium is 19%. Buyers premium is 16% if paying by check or cash.
Phone bidders buyers premium is 19%. Buyers premium is 16% if paying by check or cash.
In house, attending bidders buyers premium is 13%. Buyers premium is 10% if paying by check or cash.

Sales Tax information

Indiana residents must pay 7% sales tax unless exemption is allowed under the laws regulating such tax. Out of state buyers are not required to pay Indiana sales tax for absentee purchases. Attending bidders are required to pay sales tax unless exemption is allowed under the laws regulating such tax.

Condition

Rule No. 1 for grading: WE DO NOT TEST ANY ITEM TO OPERATE OR RUN. Although most items will operate nicely that we sell, we grade and sell only on the exterior appearance of the item, not on it's ability to operate or run. No exceptions to this rule. These are used toys and trains and in many cases decades old.

Grading is as follows:
C1 Junk-parts value only
C2 Restoration required
C3 Poor- requires major body repair: heavily scratched, major rust, missing parts, major restoration candidate
C4 Fair-scratched: moderate, paint loss, dented, missing parts, surface rust, evidence of heavy use
C5 Good- sign of play wear: with scratches and minor paint loss, small dents, minor surface rust, evidence of heavy use
C6 Very good: minor scratches and paint nicks, minor spots of surface rust, free of dents, may have minor parts replaced
C7 Excellent-all original: minute scratches and paint nicks, no rust, no missing parts, no distortion of component parts
C8 Like New-complete all original: No rust, no missing parts, may show affects of being on display and/or age, may have been run
C9 Factory New-brand new: all original, unused, may evidence factory rubs and the slightest evidence of handling, shipping and having been test run at the factory
C10 Mint-brand new: all original, unused and unblemished

Grading was done strictly and by appearance of the item, not boxes and not running ability. We do NOT guarantee running ability of any item. Absolutely no returns are accepted on items graded C5 or lower or marked with sold as is or general condition or on items marked as restored. After 30 days we will not accept returns under any circumstances, including items that may be described differently due to new technologies or information. Stout Auctions makes a reasonable effort to represent authenticity, originality, and grade of items with maximum accuracy at the time of the sale. Payment for an auction item that is received by Stout Auctions more than 14 days after the receipt of invoice voids all rights to returns, for any reason. After 30 days, any issue with an auction item must be resolved through the consignor of the items and NOT Stout Auctions.