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The fees are there to offer "better" deals to big time consignors. The buyers fee makes no difference to a buyer. The only actual fee a buyer pays is shipping and handling, everything else is just what you're willing to pay

 

None of them are really in any danger. Legend auctions is more of a threat for higher end consignments than the buyers fee are. Realistically even though Heritage and Stacks make good money off of coins they could stop doing them entirely and be just fine. GC has a good hold on the lower end and smaller consignments.

But yea its really the consignors that aren't whales that get squeezed by the rising fees. This is especially true when people try and use just the hammer for what something should sell for on other venues and the hidden shipping and handling fees at the auction houses.

I don't really like the whole high fees to offer sellers action movement as it only benefits a very small percentage of sellers, but the houses will all keep pushing the fees up as high as they can unfortunately. Given their consistent rise it's not a surprise that social media sales like on IG have been steadily increasing and likely will continue to do so

 

I believe that you're correct about exposure versus quality data, as people today aren't happy unless they have seemingly millions of pixels when the past coins were viewed/graded/sold seemingly with a small portion of that.

I personally was able to interface with the owners of high volume distribution facilities to locate coins that virtually can't be located today. Employees were paid a premium to watch for certain items, which as today, the average person will consider "common".

I look at the C.D.N. documents where those ludicrous prices are shown, and just anticipate the day of independent challenge, or hope that someone other than
dealers will have an opportunity for correction.

You may be correct, but I know that my past hobby of locating scarce coins for others incapable of the task, being forwarded just as personal satisfaction at my basis, couldn't be done today.

I'm still constantly searching!!

 

I do that today! But I suppose their gold coin prices have changed a bit... There's something "old-fashioned" about their catalogs... but I can't put my finger on exactly what.