Terms & Conditions

G8Auctions Terms and Conditions

Effective Date: 11/22/2024

Welcome to G8Auctions, an auction platform publicly branded under G8Auctions.com and
operated by One of a Kind Coins LLC (“OKC”) through the Bidspirit engine. These Terms and
Conditions (the “Agreement”) constitute a binding legal contract between all users accessing,
participating in, or engaging with G8Auctions (the “Site”). By registering, accessing the Site, or
participating in any auction or listing, you (“User”) agree to be bound by these Terms.

IMPORTANT LEGAL NOTICE:

● ALL PRODUCTS ARE SOLD “AS-IS, WHERE-IS” WITHOUT WARRANTIES.
● G8AUCTIONS IS A VENUE; DESCRIPTIONS, AUTHENTICITY, AND GRADING ARE
NOT GUARANTEED.
● ARBITRATION IN OCEAN COUNTY, NEW JERSEY, IS MANDATORY FOR ALL
DISPUTES.

1. Definitions

For the purposes of this Agreement:
1.1 “G8Auctions“: The publicly branded auction platform operated by OKC under the Bidspirit
engine.

1.2 “OKC“: One of a Kind Coins LLC, the legal entity managing all G8Auctions operations,
including shipping and invoicing for OKC-managed auctions.

1.3 “Auction“: A sale facilitated through the Site, including live, timed, and absentee formats.

1.4 “Bidder” or “Buyer“: Any registered individual, entity, or representative placing bids on the
Site.

1.5 “Seller“: Any individual, entity, or auction house listing items for sale through G8Auctions.

1.6 “Product(s)“: Tangible or intangible goods listed for sale on the Site, including coins, art,
collectibles, and memorabilia.

1.7 “Third-Party Auction House“: A Seller using G8Auctions to host sales independently of
OKC.

1.8 “Services“: Auction facilitation, invoicing, shipping, customer support, and related activities.

1.9 “Reserve Price“: A minimum price set by the Seller, below which a Product will not be sold.

1.10 “User“: Any individual or entity accessing or using the Site, including Buyers, Sellers, and
guests.

2. Platform Role and Scope

2.1 Venue and Limited Role:
● G8Auctions provides a venue for auctions and sales. G8Auctions does not own or
control the Products listed by Sellers unless explicitly stated.

2.2 Dual Branding:
● While G8Auctions is publicly branded as a standalone platform, OKC operates all
internal functions, including invoicing, customer support, and shipping for auctions under
its management.

2.3 Independent Auctions:
● Third-Party Auction Houses using G8Auctions are responsible for their own operations,
including descriptions, shipping, and dispute resolution unless otherwise stated.

2.4 No Warranty of Platform Performance:
● G8Auctions does not guarantee uninterrupted access to the Site or its Services. Users
acknowledge that auctions may be impacted by technical errors, system downtime, or
platform maintenance.

3. Eligibility and Registration

3.1 Eligibility:
● Users must be at least 18 years old and legally capable of entering binding contracts.

3.2 Registration Requirements:
● Users must provide accurate personal and financial information. Registration approval is
at the sole discretion of G8Auctions.

3.3 Account Security:
● Users are responsible for maintaining the confidentiality of their account credentials.
Unauthorized access must be reported immediately.

3.4 Right to Deny Access:
● G8Auctions reserves the right to suspend or terminate accounts for violations of these
Terms, fraud, or other misconduct.

4. Auction Participation

4.1 Bidding Process:
● Placing a bid constitutes a binding agreement to purchase the Product at the bid amount
if it is accepted.

4.2 Reserves and Discretion:
● Some auctions may include reserve prices. G8Auctions reserves the right to withdraw
items that do not meet the reserve or for any other reason.

4.3 Shill Bidding Prohibited:
● Artificially inflating bids by Sellers or their agents is strictly prohibited and may result in
account suspension or legal action.

4.4 Dispute Resolution During Auctions:
● G8Auctions or its auctioneer has final authority to resolve bidding disputes.

5. Fees and Payments

5.1 Buyer’s Premium:
● A Buyer’s Premium will be added to the hammer price for all auctions. The specific rate
is disclosed before bidding begins.

5.2 Payment Terms:
● Payments are due within five (5) business days of auction close. Accepted methods
include wire transfers, Venmo, Zelle, cashier’s checks, and credit cards (subject to a
3.5% fee for invoices under $1,500).

5.3 Late Payments and Non-Payment:

● Late payments incur a 10% fee. Failure to pay within the deadline results in a 45%
restocking fee and potential account suspension.

5.4 Chargebacks:

● Buyers waive their right to initiate credit card chargebacks for disputes and agree to
resolve all issues through arbitration.

6. Shipping and Handling

6.1 OKC-Managed Auctions:
● OKC will manage shipping for its auctions. Fees are calculated based on size, weight,
and destination and included in the final invoice.

6.2 Third-Party Auctions:
● Shipping for Third-Party Auction Houses is the responsibility of the respective Sellers
unless otherwise stated.

6.3 Risk of Loss:
● Risk of loss transfers to the Buyer upon handoff to the shipping carrier.

6.4 Delivery Timeline:
● G8Auctions aims to ship within 14–21 business days of payment clearance but does not
guarantee delivery times.

7. Product Descriptions and Conditions

7.1 Accuracy of Descriptions:
● While Sellers are required to provide accurate descriptions, G8Auctions does not verify
this information and is not liable for inaccuracies.

7.2 “As-Is, Where-Is” Sales:
● All Products are sold “as-is, where-is,” with no guarantees or warranties unless explicitly
stated.

7.3 Reliance on Photographs:
● Buyers are expected to rely on photographs and not solely on written descriptions.

7.4 Third-Party Certifications:
● G8Auctions is not responsible for grading or certification discrepancies from third-party
services.

8. Returns and Refunds

8.1 No Returns for Third-Party Auctions:
● Sales are final for auctions hosted by Third-Party Auction Houses.

8.2 OKC Auction Returns:
● Returns for OKC-managed auctions are only permitted in cases of gross cataloging
errors and require prior written authorization. A 25% restocking fee applies.

8.3 Return Timeline:
● Approved returns must be completed within 14 days of delivery.

9. Limitation of Liability

9.1 Platform Risks:
● G8Auctions is not liable for interruptions, technical errors, or other issues impacting the
bidding process.

9.2 Product Risks:
● G8Auctions assumes no responsibility for the condition, authenticity, or value of
Products.

9.3 Maximum Liability:

● Liability is limited to the commission earned by OKC for the disputed transaction.

10. Dispute Resolution

10.1 Mandatory Arbitration:
● All disputes must be resolved through binding arbitration conducted in Ocean County,
New Jersey, under AAA rules.

10.2 Exclusive Remedy:
● The sole remedy for disputes is arbitration. Buyers waive their right to seek damages
exceeding the transaction value.

10.3 Waiver of Jury Trial:
● Users expressly waive their right to a jury trial for any claims arising under these Terms.

11. Amendments and Severability

11.1 Right to Amend:
● G8Auctions reserves the right to update these Terms. Continued use of the Site
constitutes acceptance of the revised Terms.

11.2 Severability:
● If any provision is deemed invalid, the remaining provisions remain enforceable