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Is it common for dealers to buy from auctions and sell on the bay?
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<p>[QUOTE="calcol, post: 4990116, member: 77639"]For any coin purchase, it’s the TCA (total cost of acquisition) that counts … hammer, premium, S&H, taxes, etc. … all of it should be considered before making a purchase. Comparing hammer price of traditional auction houses that charge a buyer’s premium to auction prices on eBay is apples to oranges. </p><p><br /></p><p>If you decide that the maximum you can spend on a coin (i.e. TCA) is $500, first deduct shipping and taxes (if any). Say shipping is $15; so that leaves $485. Say sales tax is 8%, and assume it does not apply to shipping. That leaves 485/1.08 = 449. Say buyer’s premium is 20%, then you should bid no more than 449/1.2 = 374.</p><p><br /></p><p>When it comes to how what I pay is divided: Frankly. my dear, I don’t give a …. I do the TCA in a spreadsheet, which is easy, then decide.</p><p><br /></p><p>Cal[/QUOTE]</p><p><br /></p>
[QUOTE="calcol, post: 4990116, member: 77639"]For any coin purchase, it’s the TCA (total cost of acquisition) that counts … hammer, premium, S&H, taxes, etc. … all of it should be considered before making a purchase. Comparing hammer price of traditional auction houses that charge a buyer’s premium to auction prices on eBay is apples to oranges. If you decide that the maximum you can spend on a coin (i.e. TCA) is $500, first deduct shipping and taxes (if any). Say shipping is $15; so that leaves $485. Say sales tax is 8%, and assume it does not apply to shipping. That leaves 485/1.08 = 449. Say buyer’s premium is 20%, then you should bid no more than 449/1.2 = 374. When it comes to how what I pay is divided: Frankly. my dear, I don’t give a …. I do the TCA in a spreadsheet, which is easy, then decide. Cal[/QUOTE]
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