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<p>[QUOTE=&quot;calcol, post: 2715466, member: 77639&quot;]17.5%&nbsp; buyer&#039;s fee is pretty much standard for live auctions where there is also a paper catalog.&nbsp; The costs of renting a room, paying auctioneers and support people, printing and distributing a catalog, advertising, etc. add up and have to paid somehow.&nbsp; Even with the buyer&#039;s fee, auctions are often a cheaper way to acquire high-end coins than buying from a dealer.&nbsp; In fact dealers, often buy at an auction, mark-up the coin, and try to sell it to collectors.</p><p><br /></p><p>Want an example?&nbsp; Link below is to a Judd-1557 goloid pattern dollar, NGC PR66CA, sold at auction by Heritage in Jan 2017.&nbsp; Total cost was $8,812.50 (7500 hammer + 1312.50 premium).</p><p><br /></p><p><a href="https://coins.ha.com/itm/patterns/1878-1-goloid-dollar-judd-1557-pollock-1749-low-r6-pr66-cameo-ngc/a/1251-6509.s?ic4=ListView-Thumbnail-071515" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://coins.ha.com/itm/patterns/1878-1-goloid-dollar-judd-1557-pollock-1749-low-r6-pr66-cameo-ngc/a/1251-6509.s?ic4=ListView-Thumbnail-071515" rel="nofollow">https://coins.ha.com/itm/patterns/1878-1-goloid-dollar-judd-1557-pollock-1749-low-r6-pr66-cameo-ngc/a/1251-6509.s?ic4=ListView-Thumbnail-071515</a></p><p><br /></p><p>Now for sale by Aspen Park Coin for only $16,500 (see link below).&nbsp; It is in a PCGS holder at the same grade now.&nbsp; Presumably Aspen Park bought it at the Heritage auction and had it crossed at PCGS.&nbsp; Possible there was or still is another party involved though. </p><p><br /></p><p><a href="http://www.aprci.com/index.cfm/ID/7/IID/353465/CoinInventoryDetails" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.aprci.com/index.cfm/ID/7/IID/353465/CoinInventoryDetails" rel="nofollow">http://www.aprci.com/index.cfm/ID/7/IID/353465/CoinInventoryDetails</a></p><p><br /></p><p>It&#039;s not that hard to find other examples.</p><p><br /></p><p>Some auction houses, like Legend, now charge the 17.5% premium for coins sold in live auctions, but 10% for coins sold only via internet auctions.</p><p><br /></p><p>I predict that more high-end coins will be sold via internet-only auctions and at lower buyer&#039;s fees than live auctions.&nbsp; Better imaging, including videos with variable lighting and angles, will help bring it about as will increasing comfort with the internet by older collectors, who are the main buyers of high-end coins.&nbsp; Bottom line of getting a coin for less will be the main driver though.</p><p><br /></p><p>Cal[/QUOTE]</p><p><br /></p>

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