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<p>[QUOTE="IdesOfMarch01, post: 4877720, member: 39084"]This is not 100% true. As has been confirmed in another thread on this site, there are cases in which the consignor receives part of the buyer's fee -- extraordinary, to be sure, but it happens occasionally based on the coin and/or collection.</p><p><br /></p><p><br /></p><p>This argument has been presented fairly frequently here on CoinTalk in various threads, and I'm still uncertain regarding the thrust of this argument.</p><p><br /></p><p>(a) Are you looking for a "bargain?" If so, it's possible but unlikely you'll find one at a well publicized auction.</p><p><br /></p><p>(b) Does the auction have a coin you've been "chasing" for some time that you can't find from a retail dealer? If so, you'll probably be bidding against a dealer(s) who wants the coin for his/her inventory, and if you don't want to pay a dealer retail price for that coin, you'll have to bid more than a wholesale price (including buyer's fee) that's been calculated to allow a dealer to make a reasonable profit on that coin. You might not pay the equivalent of full retail but you'll certainly end up paying more than wholesale.</p><p><br /></p><p>(c) Are you bidding against another collector with the same "narrow focus" as you? Is this a coin he/she has been chasing for a while? If so, neither of you will end up paying the equivalent of a dealer's wholesale cost; the more desperate collector will probably end up paying the most.</p><p><br /></p><p>I'm not sure what you expect from an ancient coin auction, other than that it should be fair and adhere to the auction's published terms and conditions.[/QUOTE]</p><p><br /></p>
[QUOTE="IdesOfMarch01, post: 4877720, member: 39084"]This is not 100% true. As has been confirmed in another thread on this site, there are cases in which the consignor receives part of the buyer's fee -- extraordinary, to be sure, but it happens occasionally based on the coin and/or collection. This argument has been presented fairly frequently here on CoinTalk in various threads, and I'm still uncertain regarding the thrust of this argument. (a) Are you looking for a "bargain?" If so, it's possible but unlikely you'll find one at a well publicized auction. (b) Does the auction have a coin you've been "chasing" for some time that you can't find from a retail dealer? If so, you'll probably be bidding against a dealer(s) who wants the coin for his/her inventory, and if you don't want to pay a dealer retail price for that coin, you'll have to bid more than a wholesale price (including buyer's fee) that's been calculated to allow a dealer to make a reasonable profit on that coin. You might not pay the equivalent of full retail but you'll certainly end up paying more than wholesale. (c) Are you bidding against another collector with the same "narrow focus" as you? Is this a coin he/she has been chasing for a while? If so, neither of you will end up paying the equivalent of a dealer's wholesale cost; the more desperate collector will probably end up paying the most. I'm not sure what you expect from an ancient coin auction, other than that it should be fair and adhere to the auction's published terms and conditions.[/QUOTE]
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