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<p>[QUOTE="mrbrklyn, post: 511634, member: 4381"]I've personally seen coins go at Heritage for prices that line up with deal full prices, and then seen the auction house price tacked on. He here always quote Heritage auction prices and forget the percentage. This is less likely to happen with a $20,000 coin as the bidders get more savey, but it routinely happens so its not just a black and white issue.</p><p><br /></p><p>Also, its been noted here that the Heritage percentage is sometimes split with the seller for expensive coins. That has to be a function of the fact that as the prices go up, the percentage becomes so hefty that it is in Heritages interest to split some of that profit with the coin seller.</p><p><br /></p><p>So in theory I agree with you but in the real world of auction, it just doesn't pan out. In fact when you bid at Heritage, the auction costs are not inside the bid. They are tacked on after the bidding ends. That is not an accident. That is marketing, likely based on realtime marketing data.</p><p><br /></p><p><br /></p><p>Ruben[/QUOTE]</p><p><br /></p>
[QUOTE="mrbrklyn, post: 511634, member: 4381"]I've personally seen coins go at Heritage for prices that line up with deal full prices, and then seen the auction house price tacked on. He here always quote Heritage auction prices and forget the percentage. This is less likely to happen with a $20,000 coin as the bidders get more savey, but it routinely happens so its not just a black and white issue. Also, its been noted here that the Heritage percentage is sometimes split with the seller for expensive coins. That has to be a function of the fact that as the prices go up, the percentage becomes so hefty that it is in Heritages interest to split some of that profit with the coin seller. So in theory I agree with you but in the real world of auction, it just doesn't pan out. In fact when you bid at Heritage, the auction costs are not inside the bid. They are tacked on after the bidding ends. That is not an accident. That is marketing, likely based on realtime marketing data. Ruben[/QUOTE]
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