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Does anyone have experience selling through a Vault service? Edit: BBCE Auctions?

ndleondleo Posts: 4,075 ✭✭✭✭✭

I'm about to take the Vault dip for some high end items I want to sell. I'm have some slabs and BBCE boxes. Has anyone had recent experience with using a Vault for selling? I've read all of the articles and marketing but I am curious about real work experience from both the seller and buyer side.

I think I'm down to PSA and PWCC. I don't want to use Ebay for personal reasons.

EDIT: I tried reaching out to BBCE Auctions about consigning and haven't gotten a response yet. Did anyone consign to them at the National? I went to their site and it still looks like it is in test mode. Did they tell you when they plan to start or the fee structure?

Mike

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    coinspackscoinspacks Posts: 965 ✭✭✭✭

    This past week I requested shipping from pwcc and goldin/psa vault.

    I can say that pwcc ships faster and is quicker to log in items when they receive them...usually within 2-3 days. Goldin took 18 days to receive in their vault from an item won from their auction.

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    fightfraud24fightfraud24 Posts: 72 ✭✭✭

    I have been buying and selling (off and on) via the PWCC Vault for over a year now.
    I sell mostly lower priced (less than $500) items and have been fairly happy with the results.
    The prices realized , factoring in PWCC 20% commission, is very comparable to eBay.

    Add in the fact of the time saved not having to scan or list the items nor packaging and
    shipping them myself as well not having to deal with the buyers, makes it very pleasant.

    The higher end items seem to do even better. Recently I was looking for a PSA 6 1955 Topps
    Willie Mays. I was outbid on PWCC where the high bidder paid over $2000 including commission.
    I eventually acquired a copy from REA for $1650 including commission.

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    ndleondleo Posts: 4,075 ✭✭✭✭✭

    Thanks fightfraud. The cards I'm looking to sell are in the mid-4 figures. How much of the hammer price did you receive? More than the ebay 85% or so?

    Mike
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    fightfraud24fightfraud24 Posts: 72 ✭✭✭

    For cards selling between $1000-4999 the seller receives 106% of the hammer price.
    For cards selling between $5000-9999 the seller receives 108% of the hammer price.

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    PSUguyPSUguy Posts: 52 ✭✭

    Are you finding that hammer prices are lower with PWCC b/c the buyer has to pay 20% to PWCC? I assume part, if not all of that 20% commission, the cosignor really pays b/c the buyer is not paying as much b/c they know they have the 20% commission to pay. Make sense or am I going wrong somewhere?

    Collecting PSU and Joe Paterno items!
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    fightfraud24fightfraud24 Posts: 72 ✭✭✭

    Anecdotally I find that the items I am interested in usually sell for more than I am willing to pay.
    Your mileage may vary.

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    RonSportscardsRonSportscards Posts: 797 ✭✭✭✭

    @PSUguy said:
    Are you finding that hammer prices are lower with PWCC b/c the buyer has to pay 20% to PWCC? I assume part, if not all of that 20% commission, the cosignor really pays b/c the buyer is not paying as much b/c they know they have the 20% commission to pay. Make sense or am I going wrong somewhere?

    I factor in buyers premium when bidding from auction houses, but I find myself not winning many auctions, because others don't know or don't care and end up paying considerably more on items that they could easily find on ebay for less.

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