Heritage auctions
TraderGio
Posts: 252
Is this a reasonable spot to buy slabbed coins for a registry set?
0
Comments
I have to avoid thier site or I get myself in trouble!
Always remember to calculate the 15% (or $9 minimum) buyers fee into your amount before you bid!
Buying top quality Seated Dimes in Gem BU and Proof.
Buying great coins - monster eye appeal only.
<< <i>The buyers fee is way too high, IMHO; so I don't bid >>
That is silly. First, I am not aware of any auction house that charges less than 15% today and second, why do you care about the buyer's premium unless you struggle with basic math? Just figure how much you want to pay and deduct 15% when placing your bid. All that matters is the net price.
Jay
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Legend's fees and Heritages fees are the same once you net it out.
The buyer pays for all the fees and gets the same amount in either case. The only variable is who shows up to bid. That's what determines the final price paid by the winning bidder. The only differences is that the math is easier in one case than the other.
Why not just drop the charade of the 15% "buyer's" fee? Because too many uninformed consignors think they aren't somehow paying the whole load.
Heritage as a source for a registry set? Depends on the set you want. If you are doing a modern set where nearly coins look the same, maybe that works. If you are doing a pre-1930 set where every coin is distinctly different, then you need to view them or have someone you trust view them for you. For someone doing a top registry set they probably have to look at every auction and every top dealer in that area to ensure they get access to all the best coins.
roadrunner
<< <i>Mr. Sinclair. What an honor. I've enjoyed your Financial Sense for years! >>
Russ, NCNE