@Boosibri said:
The fixation on buyers premiums in purchasing a coin at this point is just willful ignorance.
Please explain in more detail what you are trying to say. : )
If you value a coin at $100 and there’s a 100% buyers fee your maximum bid will be $50. If there’s no buyers fee on the same coin your maximum bid will be $100. You pay the same amount regardless of what the buyers fee is.
if you are paying a 40% spread anywhere you are seriously doing something wrong.
You buy a coin at auction and pay a 20% buyers commission. When you sell the coin at auction, you pay a 20% seller's commission. Isn't that a 40% spread? I understand that sometimes commissions can be negotiated; but....
@Boosibri said:
The fixation on buyers premiums in purchasing a coin at this point is just willful ignorance.
Please explain in more detail what you are trying to say. : )
If you value a coin at $100 and there’s a 100% buyers fee your maximum bid will be $50. If there’s no buyers fee on the same coin your maximum bid will be $100. You pay the same amount regardless of what the buyers fee is.
No disagreement. I've been participating in auctions for over 40 years.
if you are paying a 40% spread anywhere you are seriously doing something wrong.
You buy a coin at auction and pay a 20% buyers commission. When you sell the coin at auction, you pay a 20% seller's commission. Isn't that a 40% spread? I understand that sometimes commissions can be negotiated; but....
The seller pays the buyers commission. If you have a decent consignment I’d imagine you can get 105-108% of hammer as a seller. 10-15% spread.
_You buy a coin at auction and pay a 20% buyers commission. When you sell the coin at auction, you pay a 20% seller's commission. Isn't that a 40% spread? _
Huh? I've been doing business with Heritage for years and years and NEVER paid a seller's commission (and I've got the receipts to prove it).
The seller pays the buyers commission. If you have a decent consignment I’d imagine you can get 105-108% of hammer as a seller. 10-15% spread.
I'm aware that sellers commissions can be negotiated. The key is defining what is considered a "decent consignment."
I have been told that there is a 20% seller's commission as well as the buyer's commission. And I have paid the seller's commission many times in the past with consignments that were of high interest to the auction houses.
@2ndCharter said:
_You buy a coin at auction and pay a 20% buyers commission. When you sell the coin at auction, you pay a 20% seller's commission. Isn't that a 40% spread? _
Huh? I've been doing business with Heritage for years and years and NEVER paid a seller's commission (and I've got the receipts to prove it).
Can I use you to negotiate with Heritage on my behalf the next time?
@2ndCharter said:
_You buy a coin at auction and pay a 20% buyers commission. When you sell the coin at auction, you pay a 20% seller's commission. Isn't that a 40% spread? _
Huh? I've been doing business with Heritage for years and years and NEVER paid a seller's commission (and I've got the receipts to prove it).
Can I use you to negotiate with Heritage on my behalf the next time?
@Justacommeman said:
Good things tend to happen to good people
Congrats Ian.
mark
Maybe you're missing the real world., generally speaking. That aside: good news !
You can say that again
m
Walker Proof Digital Album Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
Comments
Please explain in more detail what you are trying to say. : )
Explaining things to
People who don’t want to understand is a waste of energy.
PS…if you are paying a 40% spread anywhere you are seriously doing something wrong.
Latin American Collection
If you value a coin at $100 and there’s a 100% buyers fee your maximum bid will be $50. If there’s no buyers fee on the same coin your maximum bid will be $100. You pay the same amount regardless of what the buyers fee is.
Congrats!! Great Collections has become my favorite site over the last year. The site is well laid out and easy to follow.
Positive BST as a seller: Namvet69, Lordmarcovan, Bigjpst, Soldi, mustanggt, CoinHoader, moursund, SufinxHi, al410, JWP
if you are paying a 40% spread anywhere you are seriously doing something wrong.
You buy a coin at auction and pay a 20% buyers commission. When you sell the coin at auction, you pay a 20% seller's commission. Isn't that a 40% spread? I understand that sometimes commissions can be negotiated; but....
No disagreement. I've been participating in auctions for over 40 years.
When will Great Collections auction the ANA. And will they break it up or do it as one lot? I think they’d make more if they broke it up.
The seller pays the buyers commission. If you have a decent consignment I’d imagine you can get 105-108% of hammer as a seller. 10-15% spread.
Latin American Collection
_You buy a coin at auction and pay a 20% buyers commission. When you sell the coin at auction, you pay a 20% seller's commission. Isn't that a 40% spread? _
Huh? I've been doing business with Heritage for years and years and NEVER paid a seller's commission (and I've got the receipts to prove it).
Member ANA, SPMC, SCNA, FUN, CONECA
Maybe you're missing the real world., generally speaking. That aside: good news !
Maybe you're missing the real world, generally speaking. That aside: good news.
I'm aware that sellers commissions can be negotiated. The key is defining what is considered a "decent consignment."
I have been told that there is a 20% seller's commission as well as the buyer's commission. And I have paid the seller's commission many times in the past with consignments that were of high interest to the auction houses.
Can I use you to negotiate with Heritage on my behalf the next time?
Congratulations to Ian. He deserves it!
My only complaint is he hasn’t been able to find any black NGC slabs to auction off LOL.
Yes
You can say that again
m
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
I love Great Collections, great news!
Fantastic news.......Congrats Ian. I have a great time bidding on GC auctions!
"When they can't find anything wrong with you, they create it!"
Great news for all of the people selling their coins.
Great PR for GC!