In sales involving coins, currency, or precious metals, certain description requirements must be met to ensure transparency and accuracy:
- Type of Coin/Note/Asset: Clearly specify the type of coin, note, or asset being offered in the auction listing.
- Weight of Precious Metal: Provide the weight of the precious metal present in each item. This information is mandatory for every lot.
- Visible Facts: Include visible details about the specific coin, note, or asset, such as the year of minting, mintmark, note number, series number, and any other identifying marks.
- Precious Metal Content (%): For items containing gold, silver, or any other precious metal, disclose the percentage of metal content immediately following the type of precious metal. For example, "Silver (90%)".
- Condition or Grade Certification: If the item description references the condition or grade of a coin, ensure that the coin is encased. Coins graded by top grading companies are typically encased in plastic, with the grade certification indicated above the coin. Photos of graded coins must clearly show the grade and the name of the grading company.
These requirements are essential for providing bidders with accurate and comprehensive information about the coins, currency, or precious metals being offered for sale.