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<p>[QUOTE=&quot;Fugio1, post: 5208871, member: 89970&quot;]It&#039;s just part of how they make their money to support the business.&nbsp; The commission is split between the buyer and the consignor.&nbsp;&nbsp; I remember many years ago a buyers fee was unheard of.&nbsp;&nbsp; Auctions only charged a commission to the consignor.&nbsp;&nbsp; Rather suddenly, the large auction houses began to charge small commissions to buyers and eventually all major auctions jumped on the bandwagon.&nbsp; I think it started at 10-15%.&nbsp; Since that time, there has been a reliably consistency for most auctions of between 18-20%.&nbsp; So reliable I often didn&#039;t even look at the terms.&nbsp; Looks like there is movement in this level again so it&#039;s important to read the terms.</p><p><br /></p><p>Ultimately it&#039;s a simple math problem.&nbsp; Commission is part of the cost of the coin that needs to be considered before the bid is placed.&nbsp; Unfortunately if the buyer is using a web auction archive service such as ACSearch or CoinArchives as a basis for estimating the current market value for an issue, it become a bit more complicated because these sites only reveal hammer prices.[/QUOTE]</p><p><br /></p>

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