Quote:
|
Originally Posted by Speedy Hey Y'all
What chance do you think I have of winning a item on Heritage Auction Co. ??
It is the Internet only auction and is a simi key coin to the Cents...and is slabbed by ANACS.
Is it worth the $10 Buyer's Premium--also is it $10 no matter what the price is...I can't seem to find that on the page?
Thanks
Speedy |
You have as good of chance as anybody. If you bid the market value or above of the coin you'll win - if you don't you won't.
As for the buyer's premium - I believe $10 is the minimum. Standard buyer's premium is 15%. So if a coin sells for less than $67.00 - you pay $10 buyer's premium. If it sells for more than that - you pay 15%.
It seems that everybody is always worried about the buyer's premium on auctions. They act like it is some extra amount or something. Well it isn't an extra anything. It is just part of the cost of the coin. It doesn't matter WHAT amount the buyer's premium is - the coin still cost the same amount.
Say you go to a shop to buy a coin - and the dealer wants $115.00 for the coin. If you agree that this is a fair amount for the coin - do you complain ? No you just buy it.
Now sell the very same coin in an auction - it is no different. The same coin is still only worth $115. So what do you do ? Well you bid $100 and no more. Add in the 15% and you have $115 paid for the same coin. The very same amount as you paid in the shop.
When bidding in auctions, just automatically subtract the buyer's premium percentage from your maximum bid. It's just that simple.
