@Thor11 said:
So Heritage gets 20% from buyer as well as 20% from seller ?
sounds almost criminal
That’s not true and you know it
m
Walker Proof Digital Album Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
@Thor11 said:
Sorry , but I mis-interprated the post made above
**Do not know. Heritage crapped in their bread basket when they raised the bp to 20%. I see far less of the quality coins I collect in their auctions and taking 20% from the seller **
I am gullible and naive : but don't the above say they take 20% from the seller ??
What he was trying to say is that because Heritage charges the BUYER 20%, the buyer offers 20% less than they would otherwise pay and the seller ends up with 20% less, even if they have 0% seller's premium which many sellers do. So he was talking about the same single 20% fee as applied to the buyer and then impacting the seller.
tT
In other words, it's a $100 retail item. The buyer bids $83.33 so they only pay $100 total. The seller only gets $83.33.
@Thor11 said:
Thanks jmlanzaf ; like I said , I mis-construed the posters intent .
Still don't see it as a reason for getting my chops busted though...I will accept Commonmans apology in advance .
It's a crusty place, but we call it home.
Commem Man has had a rough week, he's probably just out of sorts.
@specialist said:
How dumb can buyers be? ALL dealers love nothing more to have coins on their web sites passed up only to watch someone they know pay more in auction. It happens every sale some where.
Its not dumb, just instant gratification. Little do the buyers know, most of the time the under bidders have moved on. The down side is far more at auction then if they bought from a good dealer.
And sellers, show me a seller who does not believe their coin will not be involved in a never ending shoot out.
None if it is dumb, it is just auction fever!
A reading of Aldous Huxley's Ape and Essence will further explicate the broad range of faces human depravity presents in its primal forms, but auction fever can be grand opera (and great blood sport) even as seen from the cheap seats.
Nowadays, all we seem to get is Screwie and other denizens of WWE Raw (with better masks).
Hmmmmm. Soap opera and faux violence. Actually, same as it ever was
@ImNotThatInnocent-SoDontYouBeNaive has successfully monetized this insight and has an excellent operation which attracts far too many people with good funds to dispute her observations.
"People sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf." - Geo. Orwell
@roadrunner said:
Disgusting tactics above. And one of the many reasons I've stayed away from the "big time" coin market since 2009. And don't forget to .........."have fun with your coins." Where can I look up the definition for "numismatic punter?" First time I've run across it.
If you relate it to the UK slang ( I spend a lot of time there) --- I interpreted to mean either the uninitiated guessing at the results and bidding or the regular bloke.
mark
Would the term "wanker" be applicable in this instance or is he just pulling our legs?
Does this loosely translate (through situational resonance) into pendejo?
"People sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf." - Geo. Orwell
Since Colonel Jessup has consistently been spewing oral diarrhea on the boards the past few days, I will try and shut him up unless he starts talking Coins..For someone with your knowledge and experience, perhaps you can get on track. Please stop the psychotic rambling !
@Thor11 said:
So Heritage gets 20% from buyer as well as 20% from seller ?
sounds almost criminal
That’s not true and you know it
m
Not only doesn't the auction house get 20% from the buyer (it's almost always 0%)......but they typically don't even get more than 10-15% from sellers of 4 figure coins. I would estimate that a typical $20K-$50K consignment nets 86-92% to the seller....or at least it should. Smaller consignments may indeed only net out at 75-85%....or snare an occasional large estate that doesn't know how buyer's fees really work. Buyer and seller's fee are just something to factor out and/or negotiate.
@STEWARTBLAYNUMIS said:
Since Colonel Jessup has consistently been spewing oral diarrhea on the boards the past few days, I will try and shut him up unless he starts talking Coins..For someone with your knowledge and experience, perhaps you can get on track. Please stop the psychotic rambling !
Unfortunate turn of events at several levels... Being naive and gullible is no excuse for providing commentary about what sounds criminal in connection with auction commissions. Do your homework first to avoid writing statements that have no factual basis. If someone expects an apology, seems that hell has a chance of freezing over before that happens.
As for the commentary directed at the Colonel, we should be far more comfortable with the Colonel just being the Colonel than certain others being something they never should have been in the first place.
Experience the World through Numismatics...it's more than you can imagine.
Comments
That’s not true and you know it
m
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
No, that is not correct. The max seller's premium is 10% but ranges from -10% to +10% depending on the consignment.
What he was trying to say is that because Heritage charges the BUYER 20%, the buyer offers 20% less than they would otherwise pay and the seller ends up with 20% less, even if they have 0% seller's premium which many sellers do. So he was talking about the same single 20% fee as applied to the buyer and then impacting the seller.
tT
In other words, it's a $100 retail item. The buyer bids $83.33 so they only pay $100 total. The seller only gets $83.33.
It's a crusty place, but we call it home.
Commem Man has had a rough week, he's probably just out of sorts.
A reading of Aldous Huxley's Ape and Essence will further explicate the broad range of faces human depravity presents in its primal forms, but auction fever can be grand opera (and great blood sport) even as seen from the cheap seats.
Nowadays, all we seem to get is Screwie and other denizens of WWE Raw (with better masks).
Hmmmmm. Soap opera and faux violence. Actually, same as it ever was
@ImNotThatInnocent-SoDontYouBeNaive has successfully monetized this insight and has an excellent operation which attracts far too many people with good funds to dispute her observations.
Would the term "wanker" be applicable in this instance or is he just pulling our legs?
Does this loosely translate (through situational resonance) into pendejo?
Since Colonel Jessup has consistently been spewing oral diarrhea on the boards the past few days, I will try and shut him up unless he starts talking Coins..For someone with your knowledge and experience, perhaps you can get on track. Please stop the psychotic rambling !
Narcissistic personality order with anti-social features
Recto-cranial prolapse
Sorry, no free appraisals for you......
My own sadistic tendencies consciously displayed (under the pretext of consumer protection)
It's like watching Ray Liotta having dinner with Hannibal Lector and Clarice.
Dorian Gray for President.
Make America Grift Again.
It's kind of like reading cheap Ulysses
But mercifully shorter.
And, here's a nice Lincoln cent.
Kind regards,
George
Not only doesn't the auction house get 20% from the buyer (it's almost always 0%)......but they typically don't even get more than 10-15% from sellers of 4 figure coins. I would estimate that a typical $20K-$50K consignment nets 86-92% to the seller....or at least it should. Smaller consignments may indeed only net out at 75-85%....or snare an occasional large estate that doesn't know how buyer's fees really work. Buyer and seller's fee are just something to factor out and/or negotiate.
Now THAT was funny. And mercifully concise.
Check out my current listings: https://ebay.com/sch/khunt/m.html?_ipg=200&_sop=12&_rdc=1
Unfortunate turn of events at several levels... Being naive and gullible is no excuse for providing commentary about what sounds criminal in connection with auction commissions. Do your homework first to avoid writing statements that have no factual basis. If someone expects an apology, seems that hell has a chance of freezing over before that happens.
As for the commentary directed at the Colonel, we should be far more comfortable with the Colonel just being the Colonel than certain others being something they never should have been in the first place.
Experience the World through Numismatics...it's more than you can imagine.
...True that...however...getting jacked for a 30+-rack-pack by the USPS is not even close to getting out of the bed on the wrong side bro...that’s all