Message:

<p>[QUOTE=&quot;Mark Feld, post: 653217, member: 11467&quot;]Paul, I wasn&#039;t saying that you need to back out the 15% buyer&#039;s premium to come up with the &quot;value&quot; of the coin&quot;, but you do need to back it out to see approximatey what the seller netted for the coin. While the price that the buyer pays in auction includes the buyer&#039;s premium added on to the hammer price, the seller does not net that price. That&#039;s because, one way or another, he has to pay a commission to the auction house.</p><p><br /></p><p>So, in my example from my earlier post, the fact that an auction coin might have sold to the buyer for $265 is not the same as the seller netting that amount. The seller in that transaction probably netted about $230. </p><p><br /></p><p>If a transaction is conducted without having to pay a commission to a middleman, the buyer can pay less and/or the seller can net more and/or some combination of those two can occur. And that is the situation that existed when the coin was listed on a BST forum.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in