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<p>[QUOTE=&quot;Revello, post: 8054345, member: 103898&quot;]fyi, some online auction sellers using Proxibid, LiveAuctioneers, or Hibid actually have an onsite crowd of buyers (gallery bidders) as well as online bidders.&nbsp; The online bidders usually pay the buyer&#039;s premium, whereas onsite bidders often don&#039;t have to pay a buyer&#039;s premium or if they do, it is less than the buyer&#039;s premium the online bidders pay.&nbsp; Sadly, I&#039;ve watched online bidders go nutso on their bids as if they forgot about the buyer&#039;s premium and other related charges (shipping/handling).&nbsp; I consigned a lot of &quot;extra&quot; coins to a recent auction on Proxibid, where the consignment fee (to me) was 10% for slabbed coins and 15% for other-than-slabbed coins/collections.&nbsp; Was pretty pleased with the results (total gross sales for my consigned &quot;extra&quot; coins = about $7000).&nbsp; I didn&#039;t compute the 10% vs 15% cut, yet, but will be getting the final invoice/check soon.</p><p><br /></p><p>There is at least one auction seller on Hibid that has offered consignors a return of 110% of the sale price for their consigned coins if the individual lot/coin is estimated by the auction seller to be at least $750, or if a gold coin, at least $150.&nbsp; Otherwise, the auction seller normally doesn&#039;t charge the consignor any fees, but expects to get their profit on the buyer&#039;s premium (20%).&nbsp; The auction seller is fairly conservative in his estimate of value for the lots.[/QUOTE]</p><p><br /></p>

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