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<p>[QUOTE="panzerman, post: 4017100, member: 77704"]I just sat thru 4 major auctions. Some coins went for insane amounts. One example, a Dutch India AV Pagoda (catalogue value in UNC ($300) sold for $1900. Another coin I was after, sold 20X catalogue. This is not from some obsolete 30 year old edition/ we are talking 2018 ed.</p><p>Conclusion, all high quality/ great eye appeal material is hotter then ever. But getting back to comm. fees, when you think of all the cost in sending out catalogues/ creating the websites/ all the staff involved in setting up the auctions/ accounting/ postage, maybe the 12-20 percent fees are not that outrageous. We here in the "Great White North" have a much greater challenge, called exchange rates....</p><p>1UK Pound=$1.70 Can.</p><p>1US Dollar= $1.32 Can.</p><p>1Euro= $1.45 Can. You guys/ gals in the UK/ Europe/ USA are SO LUCKY.</p><p>Of course the banks mark up the conversion rates too. But then thats normal for banks (reason they make billions in profit @ quarter.[/QUOTE]</p><p><br /></p>
[QUOTE="panzerman, post: 4017100, member: 77704"]I just sat thru 4 major auctions. Some coins went for insane amounts. One example, a Dutch India AV Pagoda (catalogue value in UNC ($300) sold for $1900. Another coin I was after, sold 20X catalogue. This is not from some obsolete 30 year old edition/ we are talking 2018 ed. Conclusion, all high quality/ great eye appeal material is hotter then ever. But getting back to comm. fees, when you think of all the cost in sending out catalogues/ creating the websites/ all the staff involved in setting up the auctions/ accounting/ postage, maybe the 12-20 percent fees are not that outrageous. We here in the "Great White North" have a much greater challenge, called exchange rates.... 1UK Pound=$1.70 Can. 1US Dollar= $1.32 Can. 1Euro= $1.45 Can. You guys/ gals in the UK/ Europe/ USA are SO LUCKY. Of course the banks mark up the conversion rates too. But then thats normal for banks (reason they make billions in profit @ quarter.[/QUOTE]
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