Buyer Fee What What! (Teletrade)

ChuckC

I just placed some bids on teletrade thinking I'd pay the price listed plus shipping. I check how much I owe and BOOM $10 on $21 worth of bids. $35 after shipping! Is it always like this? geez, I coulda found the same two coins for way less at my coin shop...you live, you learn as the song goes!

haletj

I always forget about the $5 minimum bp too.

Sequitur

You gots to pay the juice at Teletrade, my dear fellow.

ChuckC

ah! that was it...that stupid $5 min I never read about d'oh!

ChuckC

How do I add my friggin phone number so that I can pay for the darn thing?

LittleBitOEverything

Yeah those buyer fees are a pain in the .........but they do have some nice coins most of the time, So who has a higher buyer fee TT or Heritage for under 100 dollars?

ibzman350

the number 1 reason I don't deal with teletrade. Now of course if I happen to come a cross a coin I really really want I may change my tune.


Herb

K6AZ

The BP isn't too bad if you buy coins over $50, but I certainly wouldn't pay that $5 minimum for coins under $25.

Peaceman

Ah... the fine print..... got me too....... For all of you who haven't seen this yet (It can't be too many by now)

For those of you who are not aware, if you return a coin to Teletrade you WILL incur a “restock” fee along with other fees they see fit no matter how many coins you’ve bought from them in the past. I personally lost over $ 50.00 returning a $ 850 coin after I didn’t agree with the coin’s description. Frankly, it wasn’t even close to the description. Good luck with your purchase..........

wam98

Buyers premiums have kept me from taking part in coin auctions period. I don't think it's right, but to late to change things now. I will add this, the first major auction company that can operate without the BP will rise to the top in a hurry.

Someone correct me if I'm wrong, but doesn't the auction co. charge the cosigner a % as well. There getting it from both ends.

When you buy land at auction, there's no added charge to the price just because you got the winning bid.

Besides coin auction co's, what other kind of co's have an added BP ?

Does anyone else feel the same way I do ?

That's my

cary1952

I believe all of the large auction houses charge or used to charge a buyers fee of approximately 10%.

orie

I don't understand why in makes any of difference what the commissions or shipping cost are. If it cost $8 to buy a $50 coin on TT, it seems that you would bid up to $42 on the coin. Same goes for ebay.