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<p>[QUOTE=&quot;MorganFred, post: 31783, member: 1779&quot;]The 20% &quot;Buyer&#039;s Premium&quot; takes the investment potential out of all but the high end rare coins. It takes a long time for many or even most coins to appreciate 20% above the purchase price, even longer to be able to make a profit down the road since any selling fees would be on top of the premium plus sales price.</p><p><br /></p><p>Dealers must be doubly frustrated by the Buyer&#039;s Premium since they wouldn&#039;t be able to sell any auction-purchased coin at anywhere near &quot;book value&quot; within the reasonable since they probably had to bid near book value to obtain the coin. Thinking on it, why would any dealer want to buy any coin at auction unless he was shopping for a client? </p><p><br /></p><p>Heritage Galleries is presently conducting an auction and is offering a lot of very attractive coins... but the premium is putting me off. While I&#039;m a collector first and an investor second and I don&#039;t mind paying top dollar for a coin if I want it badly enough, I want to be able to maintain the option to sell any coins in the instance I need fast cash. I certainly don&#039;t want to lose money on my purchase. More specifically, I don&#039;t want to lose a LOT of money if I sell a coin.[/QUOTE]</p><p><br /></p>

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