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Hats off to Great Collections for zero seller fees
bestday
Posts: 4,274 ✭✭✭✭
Congrats to Great Collections for a zero sellers fee on coins over $ 1,000...with only a $10 listing fee.... GC a collector friendly House auction site
Other auction houses have only raised their fees in years past , along with ebay
Other auction houses have only raised their fees in years past , along with ebay
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<< <i>I thought no listing fees for over $1000? >>
That's what I thought.
<< <i>
<< <i>I thought no listing fees for over $1000? >>
That's what I thought. >>
small change ...better than getting pasted - L than bid on many coins
<< <i>I thought no listing fees for over $1000? >>
No. It's always been a $10.00 listing fee, but no final value fee. If you are selling a $1,000 coin, then $10.00 (1%) is not a big deal in my opinion. You will not find that anywhere else.
hopefully they keep blooming and blooming too
they truly care about sellers and buyers and leave greed to the side...my dealing with them impressed me bigtime
Governments can print currency. Only the people can print faith in it — and they’re running low on ink.
<< <i>seller really ends up paying the fee after the buyer builds it into his bid price. But I still think highly of Great Collections, they have always done me right as a buyer and a seller. >>
Friend bought in a 2006 20th Anniv 3 pc gold NGC all 70s set to a dealer..... was offered 4200.00.. He turned to GC to get a better price ....He can only get better price on GC
<< <i>Maybe now some sellers will lower some of their unrealistic prices. >>
What concerned my friend was the 30% less.. bid from the greysheet raw price
As for sell through rates ...
Tonight I won (2) modern coin lots (with no reserves) for a grand total of $135 including buyers premium for (2) lots that last sold on ebay for nearly $600 (one lot in the last couple days for about $300 on ebay on open bid). I would have simply wrote a check for the (2) lots at about $400 if they had been offered to me through my website. Instead, I paid $135 with the juice tonight. It is not relevant which of the three auction houses it was at. But, it does explain why MOST (and in some cases a very large percentage) of the weekly auction lots are going unsold these days at the majority of auction houses as far as I know. What used to be identified here as a "Teletrade problem" is, best I see, an epidemic now in the industry. Why?
Weak overall market or consignors who love their coins (LOL), or both?
One thing for certain, SB, Heritage and GC all do a great job trying to market consigned coins. Under the right circumstances, I would consign to all three of them, although nearly all my consignments still go to SB currently. But, the market is going to have to pick up steam I believe before a much higher percentage of the lots will be successfully "risked" at no reserves at auction.
As always, just my 2 cents.
Wondercoin
<< <i>Congrats to Great Collections for a zero sellers fee on coins over $ 1,000...with only a $10 listing fee.... GC a collector friendly House auction site
Other auction houses have only raised their fees in years past , along with ebay >>
Thanks for the feedback and comments. We have no plans to increase our fee structure, we're rewarded by an increase in business, as opposed to the need for increasing fees.
The issue of reserves from some consignors is something we are constantly monitoring, although every week there is between $100,000 and $300,000 worth of completely unreserved coins (ie. those that start at $1).
- Ian
Owner/Founder GreatCollections
GreatCollections Coin Auctions - Certified Coin Auctions Every Week - Rare Coins & Coin Values
Wondercoin