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I was Teletrade underbidder last year - the coin is back on Teletrade

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?

Comments

  • adamlaneusadamlaneus Posts: 6,969 ✭✭✭
    Linky link?

    (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.

  • Depends. Is it an expensive dog he's trying to get away from?
  • BoomBoom Posts: 10,165
    Happens all the time.

    Quite commonplace, actually.

    Owner finds a better piece & 1 has to go. image
  • Could tghings like that have anything to do with what Bill Clinton once said, "it's the economy, stupid." image
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    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.
    A lie told often enough becomes the truth. ~Vladimir Lenin
  • BAJJERFANBAJJERFAN Posts: 31,075 ✭✭✭✭✭


    << <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.
    theknowitalltroll;
  • DHeathDHeath Posts: 8,472 ✭✭✭
    On Teletrade, it is possible the original seller was also the high bidder in last year's auction.
    Developing theory is what we are meant to do as academic researchers
    and it sets us apart from practitioners and consultants. Gregor
  • There is also the possibility that there were no commissions paid.image

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