..the buyer's fee and postage usually prevent me from buying. But let me tell ya they have some AMAZING coins on their site at any given time.:kewl:
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. Speedy
that rules out a lot of coins for me. Though I have gotten some great deals there from time to time. Oh BTW it is a 15% buyers fee and add shipping and handleing on top of that, which is not to bad for pricey coins, but on less than $50 coins it kills ya
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.
If you have a particular coin you need for your collection, just keep looking there. I picked up a 1940 d quarter (ms65 PCGS) for under $200
does herirtage sell world coins? I was looking for coins from India but coudnt find any on their website
I don't know about India specifically, but they occasional have auctions with many world coins (slabbed and raw), there was a big one in January.
Are we talking about the same Heritage? I don't know about the photos of non-copper items, but Heritage's pictures of copper are pathetic. 9 out of 10 are overexposed and the other one is too dark to see the coin's details.
I never have understood this mindset regarding the buyer's fee and postage for auctions. As Speedy said, you just factor it in and bid accordingly. As far as the amount that the seller gets for the coin... Try selling a coin yourself on ebay or by some other manner. For the most part, I'd be willing to bet that the coin would sell on Heritage for more than you could get yourself. Same thing if you go and sell it to a dealer. He's not going to give you the retail price of it. He may offer you anywhere between 60 and 90% of retail, so you have to figure that in too. In the end, I don't think selling coins on Heritage or other big-name sites ends up being too bad of a deal for the average collector wanting to sell a few coins. Also, they have such a high level of exposure, that your coin will probably be seen and maybe bid on by a greater number of potential buyers than in most other circumstances.
for me, i look at heritage when i want quality, Ebay is for deals (for the most part anyway, not always) ... im not sure if others think that way, but its how it works for me.
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
I don't do much copper, so I can't comment. Looking at lots and lots of coins is a great way to learn to grade (accompanied by lots of reading). I augment "in person" viewing with good photos. Seems to help. Hmmm... talking about an auction site and "lots and lots of coins"... another bad pun ! :headbang: sorry guys... that one had to hurt...
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.
Thanks Doug---I tried to check it out on their site but they don't say anywhere that I could find---it was all Email us with questions. I would say that you are right---in some cases I bet they lose money. Advertising isn't cheap----and once you pay your workers, and bills to keep up the business, and such..... Speedy
No way, they are making $ on everything they touch, that is why they have that $9 min buyers fee (that being said, I do not begrudge them their profit).
