The new Teletrade site!!!!

OOoooooh. That would explain it.

 

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I recall being out-bid several time when I was making my bids by phone & some others were making their bids by Internet. The phone would disconnect you if you didn't have a lot of buyer time credit or did not make a bid while checking more than one listing. The use of the Internet made Teletrade a whole different experience.

Last night I was on Teletrade & lost both my bids at one increment above my max bid. I simply didn't want to go higher than my max bid & someone else did. They got a nice large CUD cent & an off-metal error coin.

 

Yeah that it is nice, lot of it is Chinese/RCM/Perth Mint coins hopefully that inventory grows to include other countries.

 

guess noone like the aussie stuff LOL

 

Yes they are hard to find in that good of grade. Im telling you teletrade is the way to go now a days. Its my new favorite auction site!!! :hail:

 

Teletrade is my favorite place to buy coins free shipping and the chinese coins that are sold in the emperors collection are superb A++++++++

 

Heritage has the best technical information, but is less helpful for consignors and does not offer a coin grading option. 15% remains too much, especially for common gold coins. That works out to a $300 premium over hammer for approx. $2000 coins. Sellers must place their reserves when selling there or any of the other sites! Reserve, reserve, reserve! It does the consignors no monetary good to place no reserves and thus throw caution to the winds. Do not let your carefully and hard-earned certified coins get "stolen" by buyers folks. Another consignor caveat: many generic coins do not belong in auction. A simple call to Heritage, Spectrum or one of the other top buyers and you may be pleasantly surprised by offers on certified coins they have want lists for.

 

What does Heritage charge as a sellers premium? Surely not 15%? That's the premium to buyers only, correct? I have contacted Heritage about selling world coins, and Jim Jelinski, the guy I was working with told me I needed a minimum of $5,000 of material to consign anything. I had two double-row boxes of choice Italian minors from 1880 to 1947. I ended-up consigning them to Ponterio instead with a 0% seller commision, and the results were very strong exceeding my expectations for lots containing something like 75 and 40 coins respectively and no photo in the catalog. I suspect at least two on-site bidders must have examined the lots and knew the coins were choice hence decent floor action on the lots. Not so sure I could count on that today since more and more auctions are primarily internet based even when they offer in person bidding at a show etc.

 

My point was that the higher amount the buyer pays the less likely they are going to bid for common, though mint state coins. People will pay the higher premiums if they either can buy the coins in total cheap enough or if the coin is really rare justifying the cost.

Ponterio is the highest hammer price auction company for those coins you mention. But there are many coins they will not list so you could get your consignments returned if you do not call them first to get the straight dope on what they accept and the terms.

 

I've always called Ponterio ahead, have sold about a dozen lots over the past 10 years with pretty good results. Agree with you on HA about common stuff. If its only worth melt plus 6% it doesn't make a lot of sense to consign something to them. Plus, they probably won't put such an item in their signature auction anyway, relegating the lot to some internet only auction running concurrently to the signature auction where the coin is prominently featured among the other "lesser" coins many of them cleaned or otherwise "not worthy" of inclusion in the main event. But for truly rare high grade stuff, i don't think any other venue offers the prices realized that HA does. Their results the past few years on Egyptian 500 Piastres coins being nothing short of astonishing.