Is this worth purchasing

The seller wants the buyer to pay for insurance?!
Not me! If I buy it and it gets lost or damaged in shipping, I want my money back. The seller is on the hook for the loss. That auction house is a sham.

 

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Insurance is factored into shipping costs everywhere it isn't explicitly added to the list of buyer obligations. One way or the other, the buyer always pays.

 

That's fine, but if it's factored into the shipping cost or item price, why would I then pay extra for insurance that they've already factored in and I've paid for? That creates a double hit on the buyer.
Again, insurance protects the seller, not the buyer. Let the seller buy it.

 

I think you're missing my point. Implicitly or explicitly, the buyer still pays. If you want to think you're not paying it because it's not a line item, fine, but you're still paying for it.

 

Dave is right. Unless a regular seller factors in all costs -- including shipping and insurance -- into his price, he's going to get eaten alive by costs over the long haul. If a seller offers free shipping and insurance, it's likely built into his price. If the buyer pays those costs, then the buyer adds those costs to his purchase price.

One way or the other, the buyer pays.

 

Sure, but the buyer can have their warn fuzzy about getting something for "free"....

Oh, glory be, it's for free! Thank you, me.

 

Exactly right.

But I couldn't figure how to calculate "buyer costs" from that website.

For example, if I won that auction for $60, the actual total cost is...?

Add ~$10 for shipping & insurance. Does their $10 "Handling Fee" apply? Is there also a Buyer's Premium?

I read their "Terms & Conditions". And searched their FAQs.

Still couldn't figure it out.

 

I got your point. My point is that if the insurance is built into the price, why this, from post # 16, "I couldn't find specific info (except, add 3% if you want to insure the shipment)."?

 

I got that info from their Terms & Conditions...

"Standard Shipping. Items noted with “Generate a quote” under the “Pickup and Shipping Options: Delivery” section of the item listing are available for standard shipping. During a sale, you can get a shipping estimate on these items by using the quote calculator. Should you win the item, an invoice will appear in your “I’ve Won” list. By selecting the invoice and clicking “Checkout” you will be able to designate your final shipping method. Final shipping costs may vary from your original quote based on the final insurable value (winning bid amount) of the item. Insurance is added at 3% of winning bid amount. (Shipping quote insurance amounts prior to the end of the sale are based on the current bid value.) EBTH will use reasonable efforts to ship the merchandise within ten (10) business days after the scheduled sale removal and payment date."

 

Then I have to offer apologies - I totally overlooked the last line of that post (even though I quoted it ). Makes your position a lot more understandable.

As it turns out, though, insurance is apparently required - not a killer to me - but quoting it as a percentage of the price is certainly a severe turnoff. You can send a $25k coin via Registered Mail for a lot less than $750 in insurance. Perhaps they have an outside insurer who uses that math, in which case the only people getting rich are the insurers.

 

Well, it sure as the devil ain't us collectors.........

 

At least we're buying money.

 

Yep, Registered for $25K is about $50.

 

Nope.
Am not = Ain't