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Old 04-26-2007, 09:40 PM   #4 (permalink)
900fine
doggone it people like me
 
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Join Date: Jul 2006
Posts: 3,806
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Quote:
Originally Posted by Speedy
All you do is take the total that you are willing to spend and take off 10% and bid that. So if I'm going to bid $100 then I will only bid $90. Then with shipping and bidders fee it comes out to about the same thing. That works in most cases and sometimes you get it cheaper that way.
I've often thought that this depresses the value for the seller; they wind up 15% short, since almost everyone drops back 15% and bids accordingly. Then the auction house takes ~6%, and the seller's cut is back even further.

In other words, the true market price is the total price (bid plus bidder's premium), so the seller is getting 15% less than market price - then taking a 6% hit for auction fees.

What do y'all think ?

And yes... Heritage does have the goods. Great window shopping !

Since a good way to learn to grade is to look at as many coins as possible, I use their catalogues - great photography. I use 'em kinda like Photograde.

True, photos aren't as good as holding 'em in your hand, but I can't hit as many coin shows as I would like, and there aren't many local dealers with good stuff.
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