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<p>[QUOTE="Jimmycrawford, post: 3894360, member: 108711"]thanks Gold. As i understand the buyer pays the 17% surcharge not the seller.</p><p>Pawn shops and Jewelry shops make their money on greatly inflated price.</p><p>I have a friend that got a divorce. He took his very expensive rings he bought</p><p>for his wife to the Jewelry store he bought it from. They offered him less than</p><p>10%. My friend was angry. He said how can that be right. The owner said</p><p>that is the only way he can stay in business.</p><p> Some people are desperate and may believe the hoax that their coin or</p><p>diamond ring will bring more than the reserve price that is forced upon them.</p><p> Once it is sold at the reserve price what can you do.</p><p> Now this is capitalism and I understand it.</p><p> I was surprised that Auction in my view is a hoax .</p><p> I am not an expert on coins or jewelry. I will say a 2.55 caret yellow diamond is worth a lot of money. The jeweler I saw on Thursday said if he had it he would ask $35,000. He did not say what he would pay me. Maybe 10% 3,500 like Heritage offered or even less. </p><p> To a desperate person $3,500 sounds like a life savor.</p><p> I am OK if Heritage has this as their business plan. It does explain a lot</p><p>of crazy prices they claim on their website.</p><p> Example they will say they sold a coin for $15,000. The same coin on Ebay with</p><p>the same grade is offered for $1,200.</p><p> I am not a socialist/communist. I love capitalism[/QUOTE]</p><p><br /></p>
[QUOTE="Jimmycrawford, post: 3894360, member: 108711"]thanks Gold. As i understand the buyer pays the 17% surcharge not the seller. Pawn shops and Jewelry shops make their money on greatly inflated price. I have a friend that got a divorce. He took his very expensive rings he bought for his wife to the Jewelry store he bought it from. They offered him less than 10%. My friend was angry. He said how can that be right. The owner said that is the only way he can stay in business. Some people are desperate and may believe the hoax that their coin or diamond ring will bring more than the reserve price that is forced upon them. Once it is sold at the reserve price what can you do. Now this is capitalism and I understand it. I was surprised that Auction in my view is a hoax . I am not an expert on coins or jewelry. I will say a 2.55 caret yellow diamond is worth a lot of money. The jeweler I saw on Thursday said if he had it he would ask $35,000. He did not say what he would pay me. Maybe 10% 3,500 like Heritage offered or even less. To a desperate person $3,500 sounds like a life savor. I am OK if Heritage has this as their business plan. It does explain a lot of crazy prices they claim on their website. Example they will say they sold a coin for $15,000. The same coin on Ebay with the same grade is offered for $1,200. I am not a socialist/communist. I love capitalism[/QUOTE]
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