Question on Auction sale price?

Discussion in 'US Coins Forum' started by bosco5041, Jan 18, 2021.

  1. bosco5041

    bosco5041 New Member

    Is the "Sale price" the before or after fees are added? Thanks.
     
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  3. green18

    green18 Unknown member Sweet on Commemorative Coins Supporter

    Pretty sure it's the 'before'......
     
  4. GoldFinger1969

    GoldFinger1969 Well-Known Member

    Sales price listed will be before S&H, sales tax, and buyers premium (BP).
     
  5. masterswimmer

    masterswimmer Well-Known Member

    I believe the sale price is the hammer price. You'd still need to add the fees for final price.
     
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  6. GoldFinger1969

    GoldFinger1969 Well-Known Member

    Just punch up any auction on HA or GC.
     
    SensibleSal66 likes this.
  7. 1865King

    1865King Well-Known Member

    Sale price is based on the total price of the coin sold. This would include the bid price and the buyers fees. Some auctions have no buyers fee but, some due. This will be posted before the auction. If the auction says no buyer fee charged than the final price is what it the person wins the bid price for. At Heritage they charge a buyers fee of 20% so you need to consider the buyers fee when placing a bid with them. At a recent Heritage auction I won a lot for $2,200.00 plus a buyers fee of $440.00. So the actual cost for the coin was $2,440.00. $2,440.00 is the sale price. If a buyers fee is being charged you must put that into consideration when placing a bid. There can also be taxes and shipping fees added on.
     
    Two Dogs likes this.
  8. johnmilton

    johnmilton Well-Known Member

    Heritage and Stacks prices realized include the buyers' fee but exclude shipping, handling and sales tax.
     
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  9. GoldFinger1969

    GoldFinger1969 Well-Known Member

    For HA, they list the hammer price and the price with the buyers premium.
     
    wxcoin likes this.
  10. wxcoin

    wxcoin Getting no respect for 65 years

    Great Collections also includes the buyers fee but not the postage and handling.
     
  11. masterswimmer

    masterswimmer Well-Known Member

    $2,640 total by my calculations. ;) But that doesn't change your explanation. Thanks for clarifying.
     
    TypeCoin971793 likes this.
  12. gmarguli

    gmarguli Slightly Evil™

    If you're asking which way auction houses report the sale price, it depends on the auction house. Most in US include the BP. Many outside the US list the hammer price.
     
  13. 1865King

    1865King Well-Known Member

    Sorry about poor math skills. Brain Fart. Yes $2,640.00 is the correct price.
     
    GoldFinger1969 likes this.
  14. wxcoin

    wxcoin Getting no respect for 65 years

    That's OK. If I spent $2640 on a new coin I'd probably need to let out a little steam myself.
     
  15. Collecting Nut

    Collecting Nut Borderline Hoarder

    Before as that's the price but then add in the extras....
     
  16. KBBPLL

    KBBPLL Well-Known Member

    It depends. If you're looking at your "watch list", HA shows current auctions and recently sold with the bid price and then "with BP" price in parentheses. If you're searching auction archives, it shows "sold for" price which always says "includes Buyer's Premium (BP)".

    For the OP's question, it would help to know which site they're asking about.
     
    GoldFinger1969 likes this.
  17. Backtoithaka

    Backtoithaka Member

    If you're living in the EU, do not forget to add obese VAT taxes.
     
  18. baseball21

    baseball21 Well-Known Member

    As mentioned just remember neither of those will include taxes or shipping costs.
     
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  19. bosco5041

    bosco5041 New Member

    Sorry, I was talking about Heritage. So on the coinfacts site if heritage auction shows the "sale Price" of $1860" for a coin then the cost to the buyer would be $1860 plus 20% or $2232, is that correct?
     
    GoldFinger1969 likes this.
  20. okbustchaser

    okbustchaser I may be old but I still appreciate a pretty bust Supporter

    No, it would be a hammer price of 1550.00 plus a 310.00 buyer's fee. Then add shipping plus sales tax if any.
     
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  21. 1865King

    1865King Well-Known Member

    NO, when Heritage post a "sold for" price that includes the buyers fee. They are also selling coins that are being directly being posted on their site by collectors or dealers. The price for those coins is the asking price. That price include a percentage that Heritage will get paid by the seller not the buyer (retail price). Plus any taxes or shipping fees.
     
    GoldFinger1969 likes this.
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