Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
Heritage Auction Co.
>
Reply to Thread
Message:
<p>[QUOTE="GDJMSP, post: 48578, member: 112"]You have as good of chance as anybody. If you bid the market value or above of the coin you'll win - if you don't you won't. </p><p><br /></p><p>As for the buyer's premium - I believe $10 is the minimum. Standard buyer's premium is 15%. So if a coin sells for less than $67.00 - you pay $10 buyer's premium. If it sells for more than that - you pay 15%.</p><p><br /></p><p>It seems that everybody is always worried about the buyer's premium on auctions. They act like it is some extra amount or something. Well it isn't an extra anything. It is just part of the cost of the coin. It doesn't matter WHAT amount the buyer's premium is - the coin still cost the same amount.</p><p><br /></p><p>Say you go to a shop to buy a coin - and the dealer wants $115.00 for the coin. If you agree that this is a fair amount for the coin - do you complain ? No you just buy it. </p><p><br /></p><p>Now sell the very same coin in an auction - it is no different. The same coin is still only worth $115. So what do you do ? Well you bid $100 and no more. Add in the 15% and you have $115 paid for the same coin. The very same amount as you paid in the shop.</p><p><br /></p><p>When bidding in auctions, just automatically subtract the buyer's premium percentage from your maximum bid. It's just that simple.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 48578, member: 112"]You have as good of chance as anybody. If you bid the market value or above of the coin you'll win - if you don't you won't. As for the buyer's premium - I believe $10 is the minimum. Standard buyer's premium is 15%. So if a coin sells for less than $67.00 - you pay $10 buyer's premium. If it sells for more than that - you pay 15%. It seems that everybody is always worried about the buyer's premium on auctions. They act like it is some extra amount or something. Well it isn't an extra anything. It is just part of the cost of the coin. It doesn't matter WHAT amount the buyer's premium is - the coin still cost the same amount. Say you go to a shop to buy a coin - and the dealer wants $115.00 for the coin. If you agree that this is a fair amount for the coin - do you complain ? No you just buy it. Now sell the very same coin in an auction - it is no different. The same coin is still only worth $115. So what do you do ? Well you bid $100 and no more. Add in the 15% and you have $115 paid for the same coin. The very same amount as you paid in the shop. When bidding in auctions, just automatically subtract the buyer's premium percentage from your maximum bid. It's just that simple.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
Heritage Auction Co.
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...