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<p>[QUOTE="omahaorange, post: 3894618, member: 28199"]Not sure about your coin, and don’t really care. I think your original post was questioning Heritage as an auction site, and I think you may have been comparing them to eBay. If so, two completely venues.</p><p><br /></p><p>On eBay you control the auction. You place the listing directly on their site, set the terms and conditions, decide on a reserve (or not, your choice). You keep the coin, handle payment and shipping. You keep the proceeds, minus eBay and PayPal fees.</p><p><br /></p><p><br /></p><p>Heritage is like hiring a live auctioneer. You give them the coin, they take care of the listing, advertise, manage the bidding, handle the shipping and payment collection, etc. They do this usually for a percentage of the final bid price. Some, including heritage, also charge a buyer’s premium, which the buyer pays to the auctioneer in addition to any taxes, shipping, etc. This does not affect the hammer price, but is in addition to the winning bid. The advantage of using a venue like this is they have the experience and expertise to guide you on expectations of value and salability. On eBay, the only expert advice you get is you. You essentially get what you pay for.</p><p><br /></p><p>One other thing. In the case of eBay you can sell one or more items in individual listings. When you use an auction house (or hire a live auctioneer) they will combine multiple sellers into one auction and schedule that auction at time that maximizes bidder availability and viewing. This is why it may take weeks or months for you to get the proceeds from sale.</p><p><br /></p><p>I hope this answers some of your original question. If not, I apologize for a long winded reply.[/QUOTE]</p><p><br /></p>
[QUOTE="omahaorange, post: 3894618, member: 28199"]Not sure about your coin, and don’t really care. I think your original post was questioning Heritage as an auction site, and I think you may have been comparing them to eBay. If so, two completely venues. On eBay you control the auction. You place the listing directly on their site, set the terms and conditions, decide on a reserve (or not, your choice). You keep the coin, handle payment and shipping. You keep the proceeds, minus eBay and PayPal fees. Heritage is like hiring a live auctioneer. You give them the coin, they take care of the listing, advertise, manage the bidding, handle the shipping and payment collection, etc. They do this usually for a percentage of the final bid price. Some, including heritage, also charge a buyer’s premium, which the buyer pays to the auctioneer in addition to any taxes, shipping, etc. This does not affect the hammer price, but is in addition to the winning bid. The advantage of using a venue like this is they have the experience and expertise to guide you on expectations of value and salability. On eBay, the only expert advice you get is you. You essentially get what you pay for. One other thing. In the case of eBay you can sell one or more items in individual listings. When you use an auction house (or hire a live auctioneer) they will combine multiple sellers into one auction and schedule that auction at time that maximizes bidder availability and viewing. This is why it may take weeks or months for you to get the proceeds from sale. I hope this answers some of your original question. If not, I apologize for a long winded reply.[/QUOTE]
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