Heritage Seller's Fees

Riceman

I may consign a coin to Heritage for the FUN show.
This would be my first consignment to an auction house.
The seller's fee is 5% of the hammer price.
Question: is the seller's fee a standard rate for everyone or
is it negotiable? If so, would I be better off submitting the coin through
a third party (big dealer) that would perhaps have more leverage in
negotiating a better fee agreement? Thanks for your imput. David.

BAJJERFAN

I would guess that it would depend on the coin and its value. Since they get the 15% BP I would think that for the right coin they would waive the commission.

tradedollarnut

It is negotiable, tho not likely waived unless your coin is something special.

IMO, this is a prime example of where a dealer can earn some money for giving you good advice at zero cost to yourself. Have a professional review the coin and recommend which auction to consign it in. Then have the dealer place it and more than likely you'll get a small percentage of hammer for yourself and the dealer will get a 2-3% finders fee. Win - win for both parties.

BAJJERFAN

I have gotten a couple of coins fron Heritage that included a certificate for zero commission if I chose to resell the coin thru one of their auctions. If you have a coin that could bring $100K and you say no commish or no listing I think they might forgive the commish to get the $15K BP.

jcping

If your coins are nice (value-wise), you will be surprise the % of hammered price you can get.
Forget the seller's commission.

cdan12

It is negotiable. I just consigned some at 3%

Riceman

Thanks for the imput. I appreciate it.

dorkkarl

get the fee waived. i always do.

K S