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<p>[QUOTE=&quot;Ardatirion, post: 2074350, member: 9204&quot;]Auction fees suck, but it helps a little to know how and why they happen.</p><p><br /></p><p>You see, the major firms all compete for the good consignments. They may offer a standard 15% consignment fee, but they are almost always willing to give special terms to get in a big collection. So you get these little bidding wars. CNG offers 10%, but NAC offers only 5%, and Gemini comes in with -2% (which works out like giving the seller a cut of the buyer&#039;s premium, too). As this practice became me and more standard, the fees slowly crept up.</p><p><br /></p><p>As an aside, it also caused some consignors to hang on until well past the stated consignment in hopes of getting better terms. That means that folks like me have less and less time to properly catalog better and better coins, which also sucks.[/QUOTE]</p><p><br /></p>

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