Selling through Heritage.... Question

LincolnCentMan

I've got about a K worth of coins I'm thinking about consigning to them. I know the buyer gets a buyers fee. Anybody know what kind of sellers fees I'm going to be looking at?

David

LincolnCentMan

BTW... I went to their site to look it up. They seem to be very gifted in telling me what I'm getting for their services... and somewhat challenged in elaborating what their services are going to cost me...

David

Dabigkahuna

5% is the norm for auctions but I have had a better deal. On one consignment (25k) they only charged the 5% for items that went into the Signature or Bullet sales and then anything that went to an Internet Only auction was no charge.

I have never consigned anything for a fixed price before, though. If you like I will give you the name of the person I dealt with for the auctions?

Larry
Dabigkahuna

jdimmick

5 % is the typical sellers comission that they charge, However, if its something they really want in thier sale, you might can work out better terms. Remeber, its not the sellers comission that gets you, its the buyer premium of 15% on the other end. Even though the buyer is paying say $5000.00 for the item. The actual hammer is only 4348.00 which is where you come in. Now go back an figure 5% comission off the 4348.00 which nets you 4130.00.

This is where you have to determine if the material that you are selling, is worth the Heritage fee's and the time it takes for the sale process to complete. If its something that you can sell using other avenue's that doesnt need national attention, then Heritage is not the way to go. (Common items, firly easily obtainable pieces, typical items, less expensive items, etc).

But if its something that national attention, good publicity will help bring a substantial premium for, then it definitley might be worth consigning. It does not necessarily have to be expensive. Heritage does a good job on photography and national advertising its auctions.

I can think of one example that If I were to sell, I might consider a Heritage Sig auction sale, and its not that expensive, just the fact that super nice for the grade and with more buyers viewing, it might bring the strong money its really worth. ( 1912-s PCGS-64 Liberty Nickel that is super nice with original color, a great strike and booming luster, near miss technical 65, that looks better than most 5's in eye-appeal) This coin would probably bring 1650.00 easily on say e-bay, but at heritage with good quality photo's and description should bring 2250.00. My difference would be a plus of approx 400.00.

JUST MO
jim

redcents

You can get them to not only NOT charge you a sellers fee but to ALSO give you a peice of the buyers fee as well (depending on the volume over time) AND give you an interest free cash advance. Otherwise I believe it's 5% MAX.

BAJJERFAN

So if you consign to Heritage and the high bidder for your coin pays with a credit card who eats the CC fee, Heritage OR you?

Dabigkahuna

CC charges are taken care of by Heritage.