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<p>[QUOTE="Roman Collector, post: 4006733, member: 75937"]To navigate the auction world, it's important to keep in mind:</p><p><br /></p><p>The hammer price is not the price you'll end up paying. For example, when I buy at European auction houses, I always figure in about 50% extra to account for buyer's commissions, currency exchange and fees, and postage. I know in advance that the denarius of Nerva I win at a hammer price of 80 Euros will cost me 120 dollars. If 150% of the bid I'd need in order to win is too high, I won't bid. Simple as that.</p><p><br /></p><p>It may take over a month to receive one's coins in the mail because of customs and postal delays. I know which firms ship quickly and which ship slowly so I don't get worked up about this. </p><p><br /></p><p>Even with all of these factors, I can often obtain a coin for less at auction than at full retail at a coin shop or coin show -- where I'd have to pay sales tax anyway. </p><p><br /></p><p>I don't get worked up over sales tax; it's how municipalities pay for things we all enjoy, such as road construction and maintenance, snow removal, law enforcement, parks and recreational facilities. A small price to pay for the comforts of civilization.[/QUOTE]</p><p><br /></p>
[QUOTE="Roman Collector, post: 4006733, member: 75937"]To navigate the auction world, it's important to keep in mind: The hammer price is not the price you'll end up paying. For example, when I buy at European auction houses, I always figure in about 50% extra to account for buyer's commissions, currency exchange and fees, and postage. I know in advance that the denarius of Nerva I win at a hammer price of 80 Euros will cost me 120 dollars. If 150% of the bid I'd need in order to win is too high, I won't bid. Simple as that. It may take over a month to receive one's coins in the mail because of customs and postal delays. I know which firms ship quickly and which ship slowly so I don't get worked up about this. Even with all of these factors, I can often obtain a coin for less at auction than at full retail at a coin shop or coin show -- where I'd have to pay sales tax anyway. I don't get worked up over sales tax; it's how municipalities pay for things we all enjoy, such as road construction and maintenance, snow removal, law enforcement, parks and recreational facilities. A small price to pay for the comforts of civilization.[/QUOTE]
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