Terms and Conditions
Please take a moment to read the terms of registration with Capital Online Auctions, LLC, also referred to as Capital Online Auctions or COA
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By registering to bid at Capital Online Auctions you agree to close the transaction pursuant to the terms and conditions of sale.
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All items are sold as is. Capital Online Auctions and the consigning sellers do not offer any kind of warranty expressed or implied as to any item condition, quality or value. Please contact our office via email or phone with any questions regarding merchandise. All items have been tested and inspected by our in-house jeweler. All items are guaranteed 100% accurate as described. We strongly suggest that bidders do their own due diligence prior to placing any bids.
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All sales are final. No refunds will be given.All sales are final unless a gross error on description has been made. Any disputes must be made within ten days of receiving the item. No returns will be accepted without a valid return authorization from Capital Online Auctions.
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Bidders are required to submit a valid full name, address, email address and phone number. Capital Online Auctions reserves the right to reject registration of any person or entity.
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All invoices must be paid in full at the conclusion of the auction and will be billed to the credit card on file. If you do not have enough of a credit limit or balance on your card, please do not bid. No items may be removed from premises before any outstanding invoice has been settled. Capital Online Auctions reserves the right to ban any non paying bidders from future auctions until unpaid invoices are settled in full. Shortly after the conclusion of each auction, all winning bidders' credit cards will be charged. You will be emailed a paid invoice which you will need to bring to the removal during the designated hours. It is the responsibility of the buyer to check their account to see the invoice(Click Members Login, then Invoices). If you have not received an invoice 3 hours after an auction ends, please email our office. It is the buyer's responsibility to email the office if the buyer believes he/she has a winning bid and has not received a paid invoice.
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To bid on an item, you must first register. You need to put your credit card information into our secure server. We accept Visa, MasterCard, American Express and Discover. Your credit card will be authorized for $100 for each auction that you participate in(When you Click Register to Bid and agree to the terms). The $100 is an authorization, not a charge. It is held by your bank, and will drop off in the amount of time your bank holds authorizations (Normally 1-4 business days after an auction closes) At the conclusion of the auction, your credit card will be charged for the total of all of the winning items. This will be a separate charge from the $100 authorization. Do not bid if you do not have enough credit on the credit card on file. The currency of all transactions is in U.S. dollars. If the high bidder fails to complete the transaction for any reason, the high bidder shall relinquish the right to complete the transaction and shall have no rights or interest in the property, as well as forfeit all down payment monies as liquidated damages. Capital Online Auctions also retains the right to pursue legal actions against bidders who refuse to complete transactions.
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MD sales tax (6%) will be charged for all items located in Maryland. If you will be reselling the item, or if you are sales tax exempt in Maryland you must Email Us your Maryland resale certificate(Maryland does not accept out of state resale certificates) or exemption certificate prior to the auction end date. If the certificate is not received and confirmed prior to the end of the auction, you will be charged sales tax and will have to apply for the refund to the state of Maryland(or state where the equipment is located).
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A buyer's premium is in effect Capital Online Auctions will charge an additional 15% buyer's premium to all invoices. For example if you bid $100.00 on an item and win, your invoice will be charged $100.00 plus a 15% buyer's premium of $15.00 for a total of $115.00 plus any sales tax that may apply.
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Capital Online Auctions and its consigners reserve the right to have a reserve price on any asset. The reserve amount may or may not be displayed depending on the consigned party. Selected items with a reserve will need seller confirmation. Capital Online Auctions reserves the right to reject bids for any reason. Seller bidding: Bidding by the seller of item(s) in this auction is allowed, the seller may buy back an item for the highest winning bid amount or place a bid to cover their reserve price. Reserve Auctions- all auctions are presumed to be with reserve unless stated as absolute.
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By registering with Capital Online Auctions you agree to hold harmless both Capital Online Auctions its owner and any consigner against any claim or liability resulting from assets sold, or offered for sale including but not limited to: proximate or consequential damages, failure to comply with local, state or federal laws, and cost or legal expenses arising therefrom.
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If any bidder fails to complete their transaction, Capital Online Auctions and its consigners reserve the right to dispose of the item at the bidder's expense. The auctioneer and its consigner may offer the item to another bidder. If a bidder fails to complete a transaction they will be barred from future Capital Online Auctions until all transactions are completed.
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