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I really like Heritage auction but...
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<p>[QUOTE="900fine, post: 220807, member: 6036"]I've often thought that this depresses the value for the <b>seller</b>; they wind up 15% short, since almost everyone drops back 15% and bids accordingly. Then the auction house takes ~6%, and the seller's cut is back even further.</p><p> </p><p>In other words, the true market price is the total price (bid plus bidder's premium), so the seller is getting 15% less than market price - then taking a 6% hit for auction fees.</p><p> </p><p>What do y'all think ?</p><p> </p><p>And yes... Heritage does have the goods. Great window shopping !</p><p> </p><p>Since a good way to learn to grade is to look at as many coins as possible, I use their catalogues - great photography. I use 'em kinda like Photograde.</p><p> </p><p>True, photos aren't as good as holding 'em in your hand, but I can't hit as many coin shows as I would like, and there aren't many local dealers with good stuff.[/QUOTE]</p><p><br /></p>
[QUOTE="900fine, post: 220807, member: 6036"]I've often thought that this depresses the value for the [B]seller[/B]; they wind up 15% short, since almost everyone drops back 15% and bids accordingly. Then the auction house takes ~6%, and the seller's cut is back even further. In other words, the true market price is the total price (bid plus bidder's premium), so the seller is getting 15% less than market price - then taking a 6% hit for auction fees. What do y'all think ? And yes... Heritage does have the goods. Great window shopping ! Since a good way to learn to grade is to look at as many coins as possible, I use their catalogues - great photography. I use 'em kinda like Photograde. True, photos aren't as good as holding 'em in your hand, but I can't hit as many coin shows as I would like, and there aren't many local dealers with good stuff.[/QUOTE]
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I really like Heritage auction but...
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