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<p>[QUOTE="Asher, post: 8447834, member: 80285"]I can spend many hours just browsing through their current and previous auctions. They are certainly 100% reputable but there's one major issue at least for me. The "Buyer's Premium". Here is their quote:</p><p><br /></p><blockquote><p><span style="color: #808080">BP - Buyer's Premium per Lot</span></p><p><span style="color: #808080">A Buyer's Premium will be added to each successful bid. For this sale: 20% of the successful bid (minimum $29) per lot. Please see #2 in our Terms & Conditions.</span></p><p><br /></p></blockquote><p>So if I win a bid for $80, it's really $109. So the total price is what I need to use for eBay/retail comps. Is this how dealers see it? I mean, you can say wow, I got a coin for $80 that I can sell in my store for $100...but it cost me $109! In a real case, would the coin be sold for retail at $120? This whole auction + buyer's premium is making me think that retail coin shops have very low profit margin.</p><p><br /></p><p>I'm participating in the August 2nd-3rd auction and I'll post my results after that. I'm not giving away what I'm bidding on right now![/QUOTE]</p><p><br /></p>
[QUOTE="Asher, post: 8447834, member: 80285"]I can spend many hours just browsing through their current and previous auctions. They are certainly 100% reputable but there's one major issue at least for me. The "Buyer's Premium". Here is their quote: [INDENT][COLOR=#808080]BP - Buyer's Premium per Lot A Buyer's Premium will be added to each successful bid. For this sale: 20% of the successful bid (minimum $29) per lot. Please see #2 in our Terms & Conditions.[/COLOR] [/INDENT] So if I win a bid for $80, it's really $109. So the total price is what I need to use for eBay/retail comps. Is this how dealers see it? I mean, you can say wow, I got a coin for $80 that I can sell in my store for $100...but it cost me $109! In a real case, would the coin be sold for retail at $120? This whole auction + buyer's premium is making me think that retail coin shops have very low profit margin. I'm participating in the August 2nd-3rd auction and I'll post my results after that. I'm not giving away what I'm bidding on right now![/QUOTE]
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Heritage Auctions - My First Attempt - With Commentary
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