@Goldbully said:
Just checked GC and there is only one auction for a 2024 Flowing Hair High Relief Gold Dollar and it's an NGC 69.
Strong hands are still prevailing it appears.
If I were selling one, I wouldn't send it to auction. Why would you take a 10+% haircut?
There are no fees for coins that realize over $1000 on GC. Well maybe a nominal listing fee of around $5.
Per the GC website:
"The lowest seller's fees - 0% for coins/banknotes that realize over $1,000 or 5% for coins/banknotes $1,000 or under"
@Goldbully said:
Just checked GC and there is only one auction for a 2024 Flowing Hair High Relief Gold Dollar and it's an NGC 69.
Strong hands are still prevailing it appears.
If I were selling one, I wouldn't send it to auction. Why would you take a 10+% haircut?
There are no fees for coins that realize over $1000 on GC. Well maybe a nominal listing fee of around $5.
Per the GC website:
"The lowest seller's fees - 0% for coins/banknotes that realize over $1,000 or 5% for coins/banknotes $1,000 or under"
So selling is "free," and buyers pay buyer fees, sellers don't?
Where I come from, if a buyer is paying $5,500 for something and I as the seller am only receiving $5,000, I am paying 10% to the auction house. Not 0%.
@Goldbully said:
Just checked GC and there is only one auction for a 2024 Flowing Hair High Relief Gold Dollar and it's an NGC 69.
Strong hands are still prevailing it appears.
If I were selling one, I wouldn't send it to auction. Why would you take a 10+% haircut?
There are no fees for coins that realize over $1000 on GC. Well maybe a nominal listing fee of around $5.
Per the GC website:
"The lowest seller's fees - 0% for coins/banknotes that realize over $1,000 or 5% for coins/banknotes $1,000 or under"
So selling is "free," and buyers pay buyer fees, sellers don't?
Where I come from, if a buyer is paying $5,500 for something and I as the seller am only receiving $5,000, I am paying 10% to the auction house. Not 0%.
Buyers pay 12.5% on all items. Sellers pay 5% up to 1k. 0% after that. What can you possibly argue with about that!! If I was going to sell my Gold FH, GC would get my business.
@Goldbully said:
Just checked GC and there is only one auction for a 2024 Flowing Hair High Relief Gold Dollar and it's an NGC 69.
Strong hands are still prevailing it appears.
If I were selling one, I wouldn't send it to auction. Why would you take a 10+% haircut?
There are no fees for coins that realize over $1000 on GC. Well maybe a nominal listing fee of around $5.
Per the GC website:
"The lowest seller's fees - 0% for coins/banknotes that realize over $1,000 or 5% for coins/banknotes $1,000 or under"
So selling is "free," and buyers pay buyer fees, sellers don't?
Where I come from, if a buyer is paying $5,500 for something and I as the seller am only receiving $5,000, I am paying 10% to the auction house. Not 0%.
Buyers pay 12.5% on all items. Sellers pay 5% up to 1k. 0% after that. What can you possibly argue with about that!! If I was going to sell my Gold FH, GC would get my business.
Let me rephrase that. If your coin sells for more than 1k, there are ZERO seller fees.
@Goldbully said:
Just checked GC and there is only one auction for a 2024 Flowing Hair High Relief Gold Dollar and it's an NGC 69.
Strong hands are still prevailing it appears.
If I were selling one, I wouldn't send it to auction. Why would you take a 10+% haircut?
There are no fees for coins that realize over $1000 on GC. Well maybe a nominal listing fee of around $5.
Per the GC website:
"The lowest seller's fees - 0% for coins/banknotes that realize over $1,000 or 5% for coins/banknotes $1,000 or under"
The buyer pays 10% which comes out of the seller's pocket
@Goldbully said:
Just checked GC and there is only one auction for a 2024 Flowing Hair High Relief Gold Dollar and it's an NGC 69.
Strong hands are still prevailing it appears.
If I were selling one, I wouldn't send it to auction. Why would you take a 10+% haircut?
There are no fees for coins that realize over $1000 on GC. Well maybe a nominal listing fee of around $5.
Per the GC website:
"The lowest seller's fees - 0% for coins/banknotes that realize over $1,000 or 5% for coins/banknotes $1,000 or under"
The buyer pays 10% which comes out of the seller's pocket
@Goldbully said:
Just checked GC and there is only one auction for a 2024 Flowing Hair High Relief Gold Dollar and it's an NGC 69.
Strong hands are still prevailing it appears.
If I were selling one, I wouldn't send it to auction. Why would you take a 10+% haircut?
There are no fees for coins that realize over $1000 on GC. Well maybe a nominal listing fee of around $5.
Per the GC website:
"The lowest seller's fees - 0% for coins/banknotes that realize over $1,000 or 5% for coins/banknotes $1,000 or under"
So selling is "free," and buyers pay buyer fees, sellers don't?
Where I come from, if a buyer is paying $5,500 for something and I as the seller am only receiving $5,000, I am paying 10% to the auction house. Not 0%.
Buyers pay 12.5% on all items. Sellers pay 5% up to 1k. 0% after that. What can you possibly argue with about that!! If I was going to sell my Gold FH, GC would get my business.
Let me rephrase that. If your coin sells for more than 1k, there are ZERO seller fees.
You are a consignors dream of you don't adjust your bids for the buyer's premium. All the smart money does. If I want to pay $100, I would never bid more than $85, less if I'm paying sales tax. The seller pays all the fees unless the buyer is a moron without a calculator
@Goldbully said:
Just checked GC and there is only one auction for a 2024 Flowing Hair High Relief Gold Dollar and it's an NGC 69.
Strong hands are still prevailing it appears.
If I were selling one, I wouldn't send it to auction. Why would you take a 10+% haircut?
There are no fees for coins that realize over $1000 on GC. Well maybe a nominal listing fee of around $5.
Per the GC website:
"The lowest seller's fees - 0% for coins/banknotes that realize over $1,000 or 5% for coins/banknotes $1,000 or under"
The buyer pays 10% which comes out of the seller's pocket
Sorry, not buying that idea.
Lmao. You really don't consider the premium when you bid in an auction? You should win every auction (and also overpay). If I want to pay $1000 and the BP is 10%, I bid $910 as does everyone i know. It's not rocket science.
@Goldbully said:
Just checked GC and there is only one auction for a 2024 Flowing Hair High Relief Gold Dollar and it's an NGC 69.
Strong hands are still prevailing it appears.
If I were selling one, I wouldn't send it to auction. Why would you take a 10+% haircut?
There are no fees for coins that realize over $1000 on GC. Well maybe a nominal listing fee of around $5.
Per the GC website:
"The lowest seller's fees - 0% for coins/banknotes that realize over $1,000 or 5% for coins/banknotes $1,000 or under"
So selling is "free," and buyers pay buyer fees, sellers don't?
Where I come from, if a buyer is paying $5,500 for something and I as the seller am only receiving $5,000, I am paying 10% to the auction house. Not 0%.
Buyers pay 12.5% on all items. Sellers pay 5% up to 1k. 0% after that. What can you possibly argue with about that!! If I was going to sell my Gold FH, GC would get my business.
Let me rephrase that. If your coin sells for more than 1k, there are ZERO seller fees.
You are a consignors dream of you don't adjust your bids for the buyer's premium. All the smart money does. If I want to pay $100, I would never bid more than $85, less if I'm paying sales tax. The seller pays all the fees unless the buyer is a moron without a calculator
I have sold enough on GC that I don't buy your theory with the results I received. Maybe on common widgets you could be on to something but for better material, and I've sold plenty, I don't see it.
@Goldbully said:
Just checked GC and there is only one auction for a 2024 Flowing Hair High Relief Gold Dollar and it's an NGC 69.
Strong hands are still prevailing it appears.
If I were selling one, I wouldn't send it to auction. Why would you take a 10+% haircut?
There are no fees for coins that realize over $1000 on GC. Well maybe a nominal listing fee of around $5.
Per the GC website:
"The lowest seller's fees - 0% for coins/banknotes that realize over $1,000 or 5% for coins/banknotes $1,000 or under"
So selling is "free," and buyers pay buyer fees, sellers don't?
Where I come from, if a buyer is paying $5,500 for something and I as the seller am only receiving $5,000, I am paying 10% to the auction house. Not 0%.
Buyers pay 12.5% on all items. Sellers pay 5% up to 1k. 0% after that. What can you possibly argue with about that!! If I was going to sell my Gold FH, GC would get my business.
Let me rephrase that. If your coin sells for more than 1k, there are ZERO seller fees.
You are a consignors dream of you don't adjust your bids for the buyer's premium. All the smart money does. If I want to pay $100, I would never bid more than $85, less if I'm paying sales tax. The seller pays all the fees unless the buyer is a moron without a calculator
I have sold enough on GC that I don't buy your theory with the results I received. Maybe on common widgets you could be on to something but for better material, and I've sold plenty, I don't see it.
Take a survey, you'll find the vast majority of the people on this forum adjust their bids.
@Goldbully said:
Just checked GC and there is only one auction for a 2024 Flowing Hair High Relief Gold Dollar and it's an NGC 69.
Strong hands are still prevailing it appears.
If I were selling one, I wouldn't send it to auction. Why would you take a 10+% haircut?
There are no fees for coins that realize over $1000 on GC. Well maybe a nominal listing fee of around $5.
Per the GC website:
"The lowest seller's fees - 0% for coins/banknotes that realize over $1,000 or 5% for coins/banknotes $1,000 or under"
So selling is "free," and buyers pay buyer fees, sellers don't?
Where I come from, if a buyer is paying $5,500 for something and I as the seller am only receiving $5,000, I am paying 10% to the auction house. Not 0%.
Buyers pay 12.5% on all items. Sellers pay 5% up to 1k. 0% after that. What can you possibly argue with about that!! If I was going to sell my Gold FH, GC would get my business.
Let me rephrase that. If your coin sells for more than 1k, there are ZERO seller fees.
You are a consignors dream of you don't adjust your bids for the buyer's premium. All the smart money does. If I want to pay $100, I would never bid more than $85, less if I'm paying sales tax. The seller pays all the fees unless the buyer is a moron without a calculator
I have sold enough on GC that I don't buy your theory with the results I received. Maybe on common widgets you could be on to something but for better material, and I've sold plenty, I don't see it.
Just think how much higher the bidders would be willing to go if they didn't have to pay buyer fees. That's what you're missing out on whether your believe it or not.
@Goldbully said:
Just checked GC and there is only one auction for a 2024 Flowing Hair High Relief Gold Dollar and it's an NGC 69.
Strong hands are still prevailing it appears.
If I were selling one, I wouldn't send it to auction. Why would you take a 10+% haircut?
There are no fees for coins that realize over $1000 on GC. Well maybe a nominal listing fee of around $5.
Per the GC website:
"The lowest seller's fees - 0% for coins/banknotes that realize over $1,000 or 5% for coins/banknotes $1,000 or under"
The buyer pays 10% which comes out of the seller's pocket
@Goldbully said:
Just checked GC and there is only one auction for a 2024 Flowing Hair High Relief Gold Dollar and it's an NGC 69.
Strong hands are still prevailing it appears.
If I were selling one, I wouldn't send it to auction. Why would you take a 10+% haircut?
There are no fees for coins that realize over $1000 on GC. Well maybe a nominal listing fee of around $5.
Per the GC website:
"The lowest seller's fees - 0% for coins/banknotes that realize over $1,000 or 5% for coins/banknotes $1,000 or under"
So selling is "free," and buyers pay buyer fees, sellers don't?
Where I come from, if a buyer is paying $5,500 for something and I as the seller am only receiving $5,000, I am paying 10% to the auction house. Not 0%.
Buyers pay 12.5% on all items. Sellers pay 5% up to 1k. 0% after that. What can you possibly argue with about that!! If I was going to sell my Gold FH, GC would get my business.
Let me rephrase that. If your coin sells for more than 1k, there are ZERO seller fees.
You are a consignors dream of you don't adjust your bids for the buyer's premium. All the smart money does. If I want to pay $100, I would never bid more than $85, less if I'm paying sales tax. The seller pays all the fees unless the buyer is a moron without a calculator
I have sold enough on GC that I don't buy your theory with the results I received. Maybe on common widgets you could be on to something but for better material, and I've sold plenty, I don't see it.
What don't you see? That buyers pay 10% more than what you net, and that if there was no buyer fee, that money would be going to you? If so, it's because you're not paying attention. Not because it isn't happening.
There is no such thing as a "Buyer's premium", the term is a misnomer that helps to attract consignments. The seller/consignor pays 100% of the fees at every auction, every time, regardless of differing semantics and marketing strategies.
@PeakRarities said:
There is no such thing as a "Buyer's premium", the term is a misnomer that helps to attract consignments. The seller/consignor pays 100% of the fees at every auction, every time, regardless of differing semantics and marketing strategies.
I continue to be surprised, but clearly it works on the people who haven't figured it out yet.
@Goldbully said:
Just checked GC and there is only one auction for a 2024 Flowing Hair High Relief Gold Dollar and it's an NGC 69.
Strong hands are still prevailing it appears.
If I were selling one, I wouldn't send it to auction. Why would you take a 10+% haircut?
There are no fees for coins that realize over $1000 on GC. Well maybe a nominal listing fee of around $5.
Per the GC website:
"The lowest seller's fees - 0% for coins/banknotes that realize over $1,000 or 5% for coins/banknotes $1,000 or under"
So selling is "free," and buyers pay buyer fees, sellers don't?
Where I come from, if a buyer is paying $5,500 for something and I as the seller am only receiving $5,000, I am paying 10% to the auction house. Not 0%.
Buyers pay 12.5% on all items. Sellers pay 5% up to 1k. 0% after that. What can you possibly argue with about that!! If I was going to sell my Gold FH, GC would get my business.
Let me rephrase that. If your coin sells for more than 1k, there are ZERO seller fees.
You are a consignors dream of you don't adjust your bids for the buyer's premium. All the smart money does. If I want to pay $100, I would never bid more than $85, less if I'm paying sales tax. The seller pays all the fees unless the buyer is a moron without a calculator
I have sold enough on GC that I don't buy your theory with the results I received. Maybe on common widgets you could be on to something but for better material, and I've sold plenty, I don't see it.
Just think how much higher the bidders would be willing to go if they didn't have to pay buyer fees. That's what you're missing out on whether your believe it or not.
@Goldbully said:
Just checked GC and there is only one auction for a 2024 Flowing Hair High Relief Gold Dollar and it's an NGC 69.
Strong hands are still prevailing it appears.
If I were selling one, I wouldn't send it to auction. Why would you take a 10+% haircut?
There are no fees for coins that realize over $1000 on GC. Well maybe a nominal listing fee of around $5.
Per the GC website:
"The lowest seller's fees - 0% for coins/banknotes that realize over $1,000 or 5% for coins/banknotes $1,000 or under"
So selling is "free," and buyers pay buyer fees, sellers don't?
Where I come from, if a buyer is paying $5,500 for something and I as the seller am only receiving $5,000, I am paying 10% to the auction house. Not 0%.
Buyers pay 12.5% on all items. Sellers pay 5% up to 1k. 0% after that. What can you possibly argue with about that!! If I was going to sell my Gold FH, GC would get my business.
Let me rephrase that. If your coin sells for more than 1k, there are ZERO seller fees.
You are a consignors dream of you don't adjust your bids for the buyer's premium. All the smart money does. If I want to pay $100, I would never bid more than $85, less if I'm paying sales tax. The seller pays all the fees unless the buyer is a moron without a calculator
I have sold enough on GC that I don't buy your theory with the results I received. Maybe on common widgets you could be on to something but for better material, and I've sold plenty, I don't see it.
Just think how much higher the bidders would be willing to go if they didn't have to pay buyer fees. That's what you're missing out on whether your believe it or not.
@Goldbully said:
Just checked GC and there is only one auction for a 2024 Flowing Hair High Relief Gold Dollar and it's an NGC 69.
Strong hands are still prevailing it appears.
If I were selling one, I wouldn't send it to auction. Why would you take a 10+% haircut?
Besides BST or Craigslist, where would you sell it? eBay would be an 8% haircut. Not all of us operate our own coin stores.
You sell direct to a dealer. The bid/ask spread will be less than 10%
I'm not sure sure about that. I haven't found dealers that operate on that small of margins on numismatic bullion.
I’m sure about that.
EVERY dealer i know complains that they can't get above 5% and are usually at 3%. I think the only reason dealers even bother with bullion is because it is highly liquid. Otherwise, it would be a crazy business: lay out $3300 to make $100.
Comments
Wow, this was quite a thread. I remember it well.😉
.
Latest GC auction for a FH Au 70......
GC Link
Yet another huge win for the Au FH tonight at GC tonight.
Mine is still in ye old safe and resting comfortably. ❤️
Sold: $6,027
Sold w/ BP: $6,780.38
GC Link
Just checked GC and there is only one auction for a 2024 Flowing Hair High Relief Gold Dollar and it's an NGC 69.
Strong hands are still prevailing it appears.
If I were selling one, I wouldn't send it to auction. Why would you take a 10+% haircut?
Besides BST or Craigslist, where would you sell it? eBay would be an 8% haircut. Not all of us operate our own coin stores.
http://ProofCollection.Net
There are no fees for coins that realize over $1000 on GC. Well maybe a nominal listing fee of around $5.
Per the GC website:
"The lowest seller's fees - 0% for coins/banknotes that realize over $1,000 or 5% for coins/banknotes $1,000 or under"
So selling is "free," and buyers pay buyer fees, sellers don't?
Where I come from, if a buyer is paying $5,500 for something and I as the seller am only receiving $5,000, I am paying 10% to the auction house. Not 0%.
Buyers pay 12.5% on all items. Sellers pay 5% up to 1k. 0% after that. What can you possibly argue with about that!! If I was going to sell my Gold FH, GC would get my business.
Let me rephrase that. If your coin sells for more than 1k, there are ZERO seller fees.
GC Link
Edited to add: My latest GC auction closed June 22nd.....I just mobile deposited my consignment check this evening....amazing service!
The buyer pays 10% which comes out of the seller's pocket
You sell direct to a dealer. The bid/ask spread will be less than 10%
Sorry, not buying that idea.
You are a consignors dream of you don't adjust your bids for the buyer's premium. All the smart money does. If I want to pay $100, I would never bid more than $85, less if I'm paying sales tax. The seller pays all the fees unless the buyer is a moron without a calculator
Lmao. You really don't consider the premium when you bid in an auction? You should win every auction (and also overpay). If I want to pay $1000 and the BP is 10%, I bid $910 as does everyone i know. It's not rocket science.
I have sold enough on GC that I don't buy your theory with the results I received. Maybe on common widgets you could be on to something but for better material, and I've sold plenty, I don't see it.
Take a survey, you'll find the vast majority of the people on this forum adjust their bids.
Just think how much higher the bidders would be willing to go if they didn't have to pay buyer fees. That's what you're missing out on whether your believe it or not.
I'm not sure sure about that. I haven't found dealers that operate on that small of margins on numismatic bullion.
http://ProofCollection.Net
This ^^^^.
What don't you see? That buyers pay 10% more than what you net, and that if there was no buyer fee, that money would be going to you? If so, it's because you're not paying attention. Not because it isn't happening.
whether gc, ha, sb i will stop my bidding when my number is hit and that includes the bp. if my number is 100, i'll stop at 91 hammer plus a 10% bp
if a coin you want is worth 2000, and you stop at 2000 hammer, then you are the BP %age buried in it
There is no such thing as a "Buyer's premium", the term is a misnomer that helps to attract consignments. The seller/consignor pays 100% of the fees at every auction, every time, regardless of differing semantics and marketing strategies.
Founder- Peak Rarities
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I continue to be surprised, but clearly it works on the people who haven't figured it out yet.
http://ProofCollection.Net
i'm down with that
A 'lowly' NGC 69 goes for $4,405 at last night's GC auction.
With BP: $4,955.62
My eyes wouldn't know if this coin was a 69 or a 70.
GC Link
edited to add: 37 trackers is pretty pretty good in my book! 😎
all the spots i see are on my monitor
I’m sure about that.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
EVERY dealer i know complains that they can't get above 5% and are usually at 3%. I think the only reason dealers even bother with bullion is because it is highly liquid. Otherwise, it would be a crazy business: lay out $3300 to make $100.