Trading Session Rules

Trading Session Rules

The Trading Session is a service offered by The Club to its members.  At the invitation of the Executive, two members will manage the trading session table. Some general rules are in order:
  1. The starting bid will be 50% of the Trends value of a recent issue of Canadian Coin News for any given lot number unless a reserve bid has been placed upon that item.
  2. Incremental bid values will be set at the common-sense discretion of the auctioneer.
  3. Prospective members visiting The Club may not place bids at that first meeting unless membership is paid in full.
  4. The minimum value for any one lot must be $3.00.
  5. The commission collected by The Club is 7%.
  6. A trader (i.e. a member whose items are on the list of items to be traded) must include a lot of  5 or 10 items. The trading list is limited to 65 items per trading session, which is subject to change.
  7. Traders must bring their items (coins, tokens, etc.) and trading session form to a monthly meeting for those items to be published in the following month’s trading session (thus, if a member wants a lot to be sold in October, the items and form must be submitted at the September meeting). Lots will only be accepted during regular meeting time. Lots must be of 5 or 10 items. Lots not containing lists of either 5 or 10 items will not be accepted.
  8. If too many members submit lots, it is the right of the Executive to refuse lots at their discretion.
  9. No item shall be allowed to be withdrawn by a trader. If an item is withdrawn, the trader must pay The Club the full commission on the current trend value that was specified on the submitted trading list.
  10. The trader will be paid by cheque to be mailed the day following the meeting. This is to enable the Treasurer to double check his figures and eliminate errors. If the amount is $20 or less, the trader will be paid in cash at the next meeting.
  11. To bid, members must sign for a number before each meeting.
  12. Every successful bidder must sign for his coins upon receipt.
  13. If the auctioneer is unable to attend or the list is too long, a second auctioneer will be appointed by the Executive.
Please click here for blank Trading List Sheets if you wish to submit lots. Lot list should look like this example:

Youth Trading Session Rules

The Youth Trading Session is a service offered by The Club to its members.  At the invitation of the Executive, two members will manage the trading session table. Some general rules are in order:

  1. All items for the youth auction are donated by members
  2. The starting bid is decided by the trading session table managers who grade and then look at current trends
  3. Incremental bid values will be set at the common-sense discretion of the auctioneer.
  4. There are no minimum values for for the lots.
  5. There is no commission collected by The Club.
  6. Traders must bring their items (coins, tokens, etc.) at the earliest convenience
  7. No item shall be allowed to be withdrawn by the members once donated.
  8. To bid, members must sign for a number before each meeting.
  9. Every successful bidder must sign for his coins upon receipt.
  10. Any coins not sold at the end of a successful youth auction will be added to the regular auction at a possibly higher reserve price and are subject to the regular Auction Rules.  Any coins still not purchased will be donated to the youth NBCC Coin Show committee.
  11. If there are no youth present, the auction will be cancelled and the lots will be offered to the youth group at the next month’s meeting.
  12. There is a maximum of 10 lots per auction.
  13. If the auctioneer is unable to attend or the list is too long, a second auctioneer will be appointed by the Executive.