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<p>[QUOTE="johnmilton, post: 3560924, member: 101855"]High buyers' fee kill the auctions for me. Yes, you can use your calculator and figure out what you want to bid, but there seem to be a few people who ignore the fee completely. They bid as if it's not even there. That can drive the prices through the roof. Add sales tax and shipping to that, and you can be 40% over the hammer price for U.S. purchases.</p><p><br /></p><p>Some of these people who ignore he buyers' fee seem to think that buying at auction "protects" them from over paying. They think because someone else bid X that they are okay with paying X + the next increment. They aren't. You can easily over pay at auction when you are up against people with more money than brains or restraint.</p><p><br /></p><p>I prefer buying coins from dealer directly and avoiding auctions. Not every coin that a dealer offers was bought by him at auction. Therefore it is not true that you are paying all the auction fees plus the dealer mark-up for all the coins they sell. Dealers, who stay in business, are constrained by the market.</p><p><br /></p><p>Some items simply don't show up at the shows. That's when you have to go the auction route.[/QUOTE]</p><p><br /></p>
[QUOTE="johnmilton, post: 3560924, member: 101855"]High buyers' fee kill the auctions for me. Yes, you can use your calculator and figure out what you want to bid, but there seem to be a few people who ignore the fee completely. They bid as if it's not even there. That can drive the prices through the roof. Add sales tax and shipping to that, and you can be 40% over the hammer price for U.S. purchases. Some of these people who ignore he buyers' fee seem to think that buying at auction "protects" them from over paying. They think because someone else bid X that they are okay with paying X + the next increment. They aren't. You can easily over pay at auction when you are up against people with more money than brains or restraint. I prefer buying coins from dealer directly and avoiding auctions. Not every coin that a dealer offers was bought by him at auction. Therefore it is not true that you are paying all the auction fees plus the dealer mark-up for all the coins they sell. Dealers, who stay in business, are constrained by the market. Some items simply don't show up at the shows. That's when you have to go the auction route.[/QUOTE]
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