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Canceled my winning bid…
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<p>[QUOTE="Stork, post: 7688766, member: 71642"]Yet the Japanese auction houses only charge 10% buyer's premium. Depending on the place I can easily use Wise (Transferwise) which is super cheap, a bank transfer then sweat if I got the fees right and hope my bank is giving me a good exchange, or even PayPal for a mere extra 4.1%. I hate that but for a lower cost item PP can work out less than wiring fees and with the 10% bp it still feels more favorable than hoping whatever it is I'm buying will show up for sale in the US. Hint, it probably won't. </p><p><br /></p><p>As for shipping, well that can vary but it's clear ahead of time. One prefers Fedex so that's about $100 but they will run customs for you (over whatever amount there is extra paperwork and occasionally will have to pay a bit extra). One uses a Japanese company that then partners with UPS for about $70 and will also call about customs over $2000. Trying to explain 'numismatic pottery' (a clay coin) was a fun conversation with a nice UPS lady in Tennessee, she was fascinated. No customs fees per se, just a small charge to UPS for doing it for me. The other company uses EMS which is about $50. </p><p><br /></p><p>Knowing all that, well, I'm not buying $50 coins from them we will just say. </p><p><br /></p><p>It's a little more complicated than GC or Heritage or Stacks, but knowing to do the math ahead of time keeps you on track. There will be at least one email with/without the use of google translate. Money will eventually change hands. It will get shipped. EMS I have no idea how long it might take. Fedex about 24 hours, UPS about 48. From Japan. Safely. </p><p><br /></p><p>Being fearful of bidding overseas is understandable, but it's not an unsurmountable problem. Just need to figure those bps into your calculations ahead of time. And understand the nature of wiring money. They can't always tell you exactly what it will be...there are hidden bank fees sometimes and the currency exchange fluctuates. If you are using dollars to tell them how much to send you get that many dollars taken out. If you say send so many yen, then your dollar amount may not be exactly known until it happens.[/QUOTE]</p><p><br /></p>
[QUOTE="Stork, post: 7688766, member: 71642"]Yet the Japanese auction houses only charge 10% buyer's premium. Depending on the place I can easily use Wise (Transferwise) which is super cheap, a bank transfer then sweat if I got the fees right and hope my bank is giving me a good exchange, or even PayPal for a mere extra 4.1%. I hate that but for a lower cost item PP can work out less than wiring fees and with the 10% bp it still feels more favorable than hoping whatever it is I'm buying will show up for sale in the US. Hint, it probably won't. As for shipping, well that can vary but it's clear ahead of time. One prefers Fedex so that's about $100 but they will run customs for you (over whatever amount there is extra paperwork and occasionally will have to pay a bit extra). One uses a Japanese company that then partners with UPS for about $70 and will also call about customs over $2000. Trying to explain 'numismatic pottery' (a clay coin) was a fun conversation with a nice UPS lady in Tennessee, she was fascinated. No customs fees per se, just a small charge to UPS for doing it for me. The other company uses EMS which is about $50. Knowing all that, well, I'm not buying $50 coins from them we will just say. It's a little more complicated than GC or Heritage or Stacks, but knowing to do the math ahead of time keeps you on track. There will be at least one email with/without the use of google translate. Money will eventually change hands. It will get shipped. EMS I have no idea how long it might take. Fedex about 24 hours, UPS about 48. From Japan. Safely. Being fearful of bidding overseas is understandable, but it's not an unsurmountable problem. Just need to figure those bps into your calculations ahead of time. And understand the nature of wiring money. They can't always tell you exactly what it will be...there are hidden bank fees sometimes and the currency exchange fluctuates. If you are using dollars to tell them how much to send you get that many dollars taken out. If you say send so many yen, then your dollar amount may not be exactly known until it happens.[/QUOTE]
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