Question about bidding on Teletrade?

Discussion in 'Coin Chat' started by coinoo, Mar 27, 2011.

  1. coinoo

    coinoo New Member

    When i enter in a max bid on teletrade does that include the 15% buyer premium or is the 15 % buyer premium added on top of my max bid? i've looked on teletrade and can't find an answer to this....

    Anyone?
     
  2. Avatar

    Guest User Guest



    to hide this ad.
  3. rickmp

    rickmp Frequently flatulent.

    15% is added.
     
  4. coinoo

    coinoo New Member


    thanks for the response!
     
  5. Coinguy56

    Coinguy56 Member

    There's always a 15% buyers premium on all major auction sites. Heritage, Teletrade, Stacks, etc.
     
  6. bigjpst

    bigjpst Well-Known Member

    Right, but at least heritage will show the buyers premium next to your bid. Where as with teletrade you don't see it until it is invoiced. And when the show past auction prices they give one price and say buyers premium may be included where applicable, but don't disclose how much it was, requiring you to do the math yourself if researching prices. I still use them quite often, but with bp and tax and shipping sometimes it takes all my fingers and toes to figure out what I should bid.
     
  7. Coinguy56

    Coinguy56 Member

    When I was bidding on Heritage, it was easy to sky rocket the price. But I do like how they show the price with the included bp next the the bid itself. If you don't know your math facts, it's pretty easy to go way over your maximum bid. I'm not sure if you can cancel bids, maybe on Heritage...
     
  8. green18

    green18 Unknown member Sweet on Commemorative Coins

    Tuesday nites on Teletrade are buyer premium free. Just shipping and tax depending on where ya live......:)
     
  9. kanga

    kanga 65 Year Collector

    Didn't know about this.
    I just always calculate my max bud then reduce it by 15% AND also deduct the S&H.
     
  10. au and ms coins

    au and ms coins Junior Member

    Have you ever won a coin that wy on teletrade?
     
  11. green18

    green18 Unknown member Sweet on Commemorative Coins

    A few commem's.......
     
  12. bigjpst

    bigjpst Well-Known Member

    Same strategy I use and the answer is not very often
     
  13. KoinJester

    KoinJester Well-Known Member

    I have probably 25% of the time but have been using TT since the 80's
     
  14. kanga

    kanga 65 Year Collector

    Same here.
    Mostly commems.
     
Draft saved Draft deleted

Share This Page