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<p>[QUOTE=&quot;savitale, post: 7806030, member: 95284&quot;]You learned something about auctions, and it didn&#039;t cost you that much. On the US coin side it&#039;s called &quot;tuition&quot;. We all pay it one way or another.</p><p><br /></p><p>Heritage auctions are not &quot;overpriced&quot; and eBay auctions are not &quot;underpriced&quot;. Unless you believe in some conspiracy theory about how the sales are conducted the price is exactly what the higher of two bidders agreed to pay. The coin is by definition worth that much at that place and time.</p><p><br /></p><p>That last bit holds the key. Heritage has a reputation built in part on million-dollar coins, they have over one million bidders (according to them), and they usually list the coins for a month or more. So they have a stellar, high-end reputation and lots of bidders looking for a long time. </p><p><br /></p><p>By contrast, eBay has no real numismatic reputation, there is so much &quot;stuff&quot; clogging the listings many bidders won&#039;t even find your coin unless they are specifically searching for it, and the auction is only live for 7 days. </p><p><br /></p><p>That is why, on average, the same coin will sell for less in an eBay auction than in a Heritage auction. That is also why eBay auctions for good (i.e., &quot;Heritage quality&quot;) coins are almost obsolete, and 90% of the listings now are fixed price. </p><p><br /></p><p>Note that I&#039;m not knocking eBay. Unless you have individual $1,000 coins or approx. $50,000 total value Heritage is probably not an option for you, so eBay is a reasonable choice out of necessity. Also, on eBay the transaction fee is only 10% whereas at Heritage it is 20%+. And if you want your money now, with eBay you get paid in 7 days; at Heritage you&#039;ll be waiting 2 or 3 months at least.</p><p><br /></p><p>You will do better on eBay if you list the coins at a reasonable fixed price and you have the patience to wait for a buyer.[/QUOTE]</p><p><br /></p>

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