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I was Teletrade underbidder last year - the coin is back on Teletrade
Bayard1908
Posts: 3,994 ✭✭✭✭
Unless he really needs money, I'm guessing that the consignor will set a reserve equal to at least his cost plus 15% for the juice.
Anyone have a similar experience?
Anyone have a similar experience?
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(oh yeah) My answer is "no".
And that sort of sucks, waiting until you get a buyer for your coin at 15% over your purchase price just so that you can pay the auction houses the entire gain.
Quite commonplace, actually.
Owner finds a better piece & 1 has to go.
my early American coins & currency: -- http://yankeedoodlecoins.com/
<< <i>Happens all the time.
Quite commonplace, actually. >>
Ditto.
<< <i>Happens all the time.
Quite commonplace, actually. >>
Exactly. The coin world has more flippers than Sea World.
<< <i>Unless he really needs money, I'm guessing that the consignor will set a reserve equal to at least his cost plus 15% for the juice.
Anyone have a similar experience? >>
Why would you expect him/her to necessarily incur a loss? I'd guess his previous cost included the juice. If it hammered at $300 his cost was $336 plus shipping. Unless its a real nice one, to expect someone to pay $336 plus 15% might be a tad unrealistic. To each their own.
and it sets us apart from practitioners and consultants. Gregor