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No wonder Heritage Auctions premium is so high!
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<p>[QUOTE="cplradar, post: 7907557, member: 108985"]I'll tell you something. When one sifts through all the croooked dealers, fraudersters, overpriced ropoff artists, artifical toners, fake and counterfiet coins, manipulated patinas, and stolen goods in the coin business, what you realize is that over time the fees that one spends on Heritage auctions, as exhuberant as they are, not only even out, but one is at least dealing in a well informed market.</p><p><br /></p><p>What is the percentage of purchases that one makes on ebay, vcoins, ma, etc where the coins end up with issues? 10% ? 20%? Even when buying coins at shows and from dealers? Every deal is a risk. Heritage very much largely flattens that risk, and that is why people fork over the fees, and spend money on grading. While it is not perfect, the benefits over the open market are obvious and monetizable. And you happily pay a premium so that when you can bring the coin home and have the emotional joy of a researched purchased not poisoned because the seller is more proficient at perpetrating fraud than you are at catching it. It is a losing game that consumers shouldn't have to deal with, but it is ubiquitous in the overall market. Heritage gives a major level up for the consumer.[/QUOTE]</p><p><br /></p>
[QUOTE="cplradar, post: 7907557, member: 108985"]I'll tell you something. When one sifts through all the croooked dealers, fraudersters, overpriced ropoff artists, artifical toners, fake and counterfiet coins, manipulated patinas, and stolen goods in the coin business, what you realize is that over time the fees that one spends on Heritage auctions, as exhuberant as they are, not only even out, but one is at least dealing in a well informed market. What is the percentage of purchases that one makes on ebay, vcoins, ma, etc where the coins end up with issues? 10% ? 20%? Even when buying coins at shows and from dealers? Every deal is a risk. Heritage very much largely flattens that risk, and that is why people fork over the fees, and spend money on grading. While it is not perfect, the benefits over the open market are obvious and monetizable. And you happily pay a premium so that when you can bring the coin home and have the emotional joy of a researched purchased not poisoned because the seller is more proficient at perpetrating fraud than you are at catching it. It is a losing game that consumers shouldn't have to deal with, but it is ubiquitous in the overall market. Heritage gives a major level up for the consumer.[/QUOTE]
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No wonder Heritage Auctions premium is so high!
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