Goes to 22% on Jan 1. You'd think that the success of Great Collections would give them and SB a hint. My more recent consignments have gone to GC. Mike
Talk about greed, don't they also charge a percentage to consign a coin. Maybe they feel everything else is going up, so let's do it because we can. I wonder how much of a bump in pay their employees got.
Yeah, my belly gets warm over that thought. The collectibles I bought might be getting boost... Hopefully it's not short lived
I held my nose when it went from 15% to 20% with a $29 minimum. At 22% the stench will probably be too much for me. If anything I'll just drop my bids by another 2%, the sellers will be going elsewhere because of that, and I'll see fewer coins I'm even interested in on there. It's always been a place for higher end stuff but I think they overestimate the number of people out there who just throw money around.
I've avoided Heritage for a long time now. Between their buyers fee and higher shipping/handling fee the total can add up to close to 30% for lower priced coins. I would only put in bids of 70% of market and walk away when the bids exceeded that. I recently sold my Indian Head Cent registry set at GC and my sellers fees totaled less than 5% (coins bid over $1K were charged no seller fee and those under $1K 5%; ~$5/coin for a listing fee). I was more than happy with all of the bids.
It's hard for me to blame Heritage. Almost every company is having a hard time controlling operating cost. What some think is greed, can also just be a company trying to keep the doors open. If they don't raise prices they have to start sending workers home. Everyone in this hobby is having to adjust prices. I believe long term collectors are probably doing better than most if they are selling. Those that are buying seem to be taking the most risk. Just my opinion.
