All lots marked with * in this catalogue are subject to Swiss value added tax (VAT). The legal VAT of 8.1% will be imposed on the grand total of the auction invoice in any event (hammer price plus commission plus possible postage, insurance and additional services). For auction lots which are not marked with *, the legal VAT of 8.1% will not be imposed. I.e. no VAT shall be levied on state-minted gold coins and the associated commission.