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Originally Posted by Speedy I'm not totally sure---I once heard that Heritage takes their 6% out of the 15%....so you get the money that was bid along with 9% more...but that doesn't make "cents". I'll try to look over on Heritages site and see what I can find.
Speedy |
No, the buyer pays Heritage 15% over and above the final bid price. The seller receives the final bid price minus the seller percentage ( last time I used them it was 7% ).
So, if a coin has a final bid of $100 - the buyer pays $115 to Heritage.
The seller receives $93 from Heritage.
Heritage realizes a profit of $22 for holding the auction, photos, advertising and all of the other expenses that go with it. By the time it's over with, they probably lost money on this coin.
