Question on Auction sale price?

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

 

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

 

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

 

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

 

Just punch up any auction on HA or GC.

 

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.

 

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

 

For HA, they list the hammer price and the price with the buyers premium.

 

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

 

$2,640 total by my calculations. But that doesn't change your explanation. Thanks for clarifying.

 

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.

 

Sorry about poor math skills. Brain Fart. Yes $2,640.00 is the correct price.

 

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

 

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

 

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.

 

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

 

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

 

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?

 

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.

 

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.