Message:

<p>[QUOTE=&quot;calcol, post: 26519771, member: 77639&quot;]I checked on recent auction prices for a reasonably popular high-end coin.&nbsp; The coin is 1880-CC Morgan graded MS-66+ by PCGS (and no, I’ve never owned one<img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie3" alt=":(" unselectable="on" unselectable="on" />).&nbsp; These coins usually go for a total price of $3K to $7K.&nbsp; I omitted PLs, DMPLs and rare varieties.&nbsp;&nbsp; I compared prices at Heritage and Great Collections from Aug-2024 to present.&nbsp; Wanted at least one year of sales and at least 5 coins.&nbsp; In that time frame, 5 were auctioned by Heritage, 9 by GC.&nbsp; The coins were a mix of CAC and non-CAC stickered.&nbsp; Green stickers are very common on high end plus-graded coins … not surprising.&nbsp; Looking at the coins themselves, I did not see a significant difference in quality of coins auctioned by Heritage versus GC.</p><p><br /></p><p>Average total price at Heritage was $4,464 and at GC was $5,658.&nbsp;&nbsp; In arriving at total price for GC, I assumed the buyers were paying by check or bank transfer (10% premium) rather than credit card (12.5% premium).&nbsp; If you were buying, Heritage was the way to go.&nbsp; I have no explanation as to why buyers were willing to pay more at GC.</p><p><br /></p><p>What if you were selling?&nbsp; Well, you get hammer price.&nbsp; At Heritage, that would be $3,720, and $5,144 at GC for these coins.&nbsp;&nbsp; Definitely better off selling at GC.</p><p><br /></p><p>Granted this is just one grade of one coin type.&nbsp; But it makes sense that in open, popular markets, sellers should use auction companies with lower buyers’ premiums.&nbsp; Buyers are likely to base their bids on total price.&nbsp; So, sellers have a greater “take” if a lower percentage goes to the auction company.</p><p><br /></p><p>Mike[/QUOTE]</p><p><br /></p>

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