On line Auctions

Any heads up about these? As in US Online Auctions and so forth. And what the most reputable online sites are? And the buyers premium is 20% of final bid, added to that bid?

Thanks

 

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I deal with Great Collections and Heritage.

I believe these are correct.
-- Great Collections currently adds 17½%.
-- Heritage currently adds 20%.

PLUS S&H.

 

Looking at a couple of listings I have on watch, Great Collections shows:

 

12.5% for GreatCollections and they discount it to 10% for check or bank payment.

 

eBay isn't to bad actually... I have bought all my coins on that site.

 

I've had quite a bit of luck with it in terms of sets and slabs. Not too big of a fan of the automated offers though. I've offered market rates based on past auctions and it gets auto declined. I wouldn't mind the offer being declined if I knew someone actually looked at it. The one offer I got approved was the only one so far that wasn't automated.

 

Plus taxes now

 

I think the OP is actually inquiring specifically about the site US Auctions Online (formerly SeizedAcquisitions.com).

Generally, the buyer's premium is 20% on that site, with the lowest shipping I have seen at $9. with many at or over $15. I have been checking them out for a short time now, but have noticed a few things.

Their bid increments seem to vary based upon some unwritten perception of final value. The final values on many of their items seem to be skewed well past anything "retail" (not just coins, but electronics, computer, and home items as well).

As well, it seems that the same types of items keep circulating into the auction time after time. That is not to say the same coins (like same PCGS/NGC/ANACS/ICG serial numbers etc), but the same types of coins are always popping up into the auction cycles.

I find it hard that there would be so many people also paying way much more than the already over-inflated TPG price guides. Yet, this is a constant at that particular site.

Not to mention the available photos, especially of the raw coins. It gives me the feel that I found a bad eBay seller who figured out how to make his own website.

I have even seen the junk silver sell at that site for up to 150% spot.

I personally do not recommend that site and would look into some of the others mentioned in this thread.

 

David Lawrence has a weekly auction that does not charge a buyer’s fee.

 

Right on, NP..........

 

But one problem with coin auctions on eBay is that the sellers tend to overprice their listings.
I'm currently running into that.
If you can find OBO (Or Best Offer) listings you might be able to do well.

 

For slabbed coins I usually go with Great Collections and Heritage. For raw coin I go to eBay.

 

I’m curious if you folks have seen the same thing: it seems to me that the Lawrence auctions have been going to a lot more pricier coins over the past year.

 

That's why I haven't kept up with their auctions for many years. The first slabbed coins I purchased was from several of their auctions many years ago. I then used Teletrade since i could usually get a better price and larger selection there. After Teletrade was bought out I followed Ian Russell to Great Collections and bought coins from Heritage. I also bought and sold coins through Silver City Auctions but stopped after getting burned from a couple purchases (their photography is poor).

 

You can take a look at Proxibid. They are a portal with several daily coin auctions from different locations nationwide. You will have to sort through a lot of low end stuff sometimes, but there's always something that will pique your interest.

 

I use Property Room & US Auction Brokers as well . The buyers premium is about 18% . Unless I really want a particular coin , I try to bid about the price listed in USA CoinBook .
I've found some coins that I desired that was really wanted by someone else , I enter an Auction knowing that A particular Coin is worth what someone will part with to own it .
I do find them to send Coin pictured in auction and I have been satisfied with my purchases from all 3 auction houses .

 

I am a great collections fan, altho I have a bid on heritage I wish I could take back, I was about half asleep and bid on what I thought was an s mint mark, it wasn't but it was my fault. guess ill have to eat that one. live and learn

 

I think most of us have been there. I remember bidding on a high grade slabbed 1939 reverse of 38 Jefferson a few years back. I was trying to fill in a slot in my proof registry set. Unfortunately, I forgot that it was a business strike and overbid on it before realizing my error. That was before I started hitting the bottle so i couldn't blame that.

 

In case you're looking for a good on-line auction site, mainly for ancient & medieval coins and antiquities but usually including a few modern items (US and Modern World are both established categories), I highly recommend Agoraauctions.com The current sale closes a week from today (12/11/18). The buyer's premium is a low (for these days) 15%

If you're looking for a small, friendly, gemütlich, "private" (as in un-advertised, but open to the public) auction, the remnants of the once "mighty" yahoo "Ancient Peddler" group hold a 20-30 lot auction in a chat room every 2nd Sunday. A live auctioneer calls the sale in real time for bidders in the chatroom, but proxy bids are accepted from folks we know - including those who have attended at least one of the live auctions. Although usually a lot of the lots are ancients, we almost always have a selection of modern and US lots as well.
Although at the moment there are only a few lots posted for the upcoming sale on Dec 16th, lots may be previewed in this publicly accessible gallery - no sign-in required: http://www.ancientpeddler.com/apgallery/index.php?cat=2 (we just had a sale this last Sunday, so there are only 10 lots listed for the 16th so far).
We've been doing this Sunday afternoon auction for going-on 20 years now, so there is also an enormous searchable archive of auction lots going back to 2006 in the gallery as well as the folders for the current and upcoming sales.

 

Ebay has ruined the mood for best offers. A seller writes his auction ads and inserts them. Without his permission and against his will ebay cancels free shipping and inserts offers welcome. On a typical week I'm getting unwanted offers while I'm still trying to list my auctions. Another whole day is required to "correct" that garbage. Like most techno geeks they always assume their "great" new idea will be wanted by everyone. If they would announce the new stuff available and let people opt in to what they want it would be great. I make sure to apologize to the disappointed buyers for having their time wasted by ebay. I've literally had people ask me to accept a dollar on a $2.50 start with free shipping when ebay puts $3.50 on even the cheapest sales so not everybody deserves to be treated kindly.