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<p>[QUOTE=&quot;GDJMSP, post: 765907, member: 112&quot;]No you&#039;re not rambling Matt. Many people tend to think the same way you do - that buyer&#039;s fees are extras.</p><p><br /></p><p>But that is usually because most people don&#039;t realize that buying a coin at an auction from a trusted auction house is more often than not, the best price you are ever going to get. They don&#039;t realize that the very same coin purchased from a dealer or at a show is going to cost you more than it would have if you just bought at the auction.</p><p><br /></p><p>Now you may think of this, but most others won&#039;t - where do you think all those coins in dealer&#039;s shops and at coin shows come from ? They come from an auction. They are purchased at the auction by dealers to add to their inventory or to fill a want list for a customer. Or they are purchased directly by a collector for his collection.</p><p><br /></p><p>No, you don&#039;t find common date and common condition coins at auctions as ageneral rule. You may see them in lots from time but that;s about it. The vast majority of those coins never see an auction because they are so common and have little value.</p><p><br /></p><p>The coins you see offered at auctions tend to be higher value coins, coins of greater rarity whether that is absolute rarity or conditional rarity. And the buyers you see at at auctions are virtually all better educated and vast more experienced than the buyers you routinely see at coin shows or in a dealer&#039;s shop.</p><p><br /></p><p>And because of that, rarely will ever get a coin cheaper than you will at an auction, even though you pay buyer&#039;s fees at the auction. For just about any coin like this was purchased at an auction to begin with. So you are not only paying what you would have paid at that auction (including your buyer&#039;s fee) - but you are also paying the profit margin for the guy who did buy it at the auction.</p><p><br /></p><p>So when people tell me that they don&#039;t buy at auctions or from places like Heritage because they don&#039;t want to pay the buyer&#039;s fees - I have to laugh to myself.[/QUOTE]</p><p><br /></p>

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