Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Ancient Coins
>
Recommended dealers and platforms?
>
Reply to Thread
Message:
<p>[QUOTE="TIF, post: 2544621, member: 56859"] <ul> <li>Yes-- some auction houses have astronomical buyer's premiums so you'll need to carefully check the terms for each auction. The lowest BP I've seen is ~12%; highest ~21.5% (or was it 23%? I'm trying to block that bad memory <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" />).</li> <li>BPs are sometimes different from auction to auction within a given auction house. For instance, CNG has a higher BP for their print auctions (their "important" auctions).</li> <li>Also check payment options. Do they take credit cards and PayPal? Do they charge an extra fee for that? Many/most do.</li> <li>Another recent development in Feeland: an extra fee for bidding live online (!!). Fortunately this doesn't happen often and tends to be reserved for "big" auctions.</li> <li>The fees can quickly make a coin undesirable.</li> <li>Don't forget to figure in exchange rates if you live in a country that uses a different currency. If you live in the EU and are buying a coin from an EU dealer, you'll also have VAT.</li> </ul><p></p><p>As for Numisbids and Sixbid tips:</p><ul> <li>Most but not all auction houses are listed in both. Because there are a few who show up in only one or the other, you'll need to browse both. Of the two services, I prefer Numisbids.</li> <li>Use Numisbids' (and CNG's) Want List feature. You'll receive email notifications when coins matching your criteria are posted. Usually there is a delay of a few days between posting and receipt of such emails, although you'll get them well before the auction.</li> <li>Numisbids recently added a nice feature: you can write a couple of lines of notes underneath coins on your Watch List.</li> <li>You can submit your bids through either of these auction aggregators. Some folks here use that service. I've only tried that a few times. Twice my auctions weren't received or processed by the auction house (fine print: your bid isn't official until the auction house notifies you that it was accepted). I think it is better to bid directly with the auction house.</li> </ul><p>Other random notes:</p><ul> <li>Start signing up with auction houses. You'll be asked for references on most applications (a list of auction houses and dealers with whom you have done business). This can be tough when you are first starting out, but if you've been collecting modern coins it probably won't be an issue because you've probably used Heritage, GC, and others.</li> <li>Research prior prices realized for any coins you are considering. CNG's archives, ACsearch, and CoinArchives will give you many hits in most cases. Try to remain objective when comparing your potential target to the archive coins. There will of course be a great deal of variation in hammer prices, so if a coin seems to be an outlier just chalk that one up to two or more very determined bidders and treat that price with a grain of salt.</li> <li>Look for fixed price examples of the same coin (Vcoins and MA-shops are the main stops for this, although in some instances eBay is also appropriate). Make sure there isn't another one for sale that you like better at a better price.</li> <li>Estimates provided by an auction house are only meaningful in terms of setting the opening bids. Often the estimates are comically low (I prefer low estimates). Less often, the estimates are so high that opening bids are retail prices. I tend to ignore auction houses whose opening bids are already retail prices.</li> </ul><p>[/QUOTE]</p><p><br /></p>
[QUOTE="TIF, post: 2544621, member: 56859"][LIST] [*]Yes-- some auction houses have astronomical buyer's premiums so you'll need to carefully check the terms for each auction. The lowest BP I've seen is ~12%; highest ~21.5% (or was it 23%? I'm trying to block that bad memory :D). [*]BPs are sometimes different from auction to auction within a given auction house. For instance, CNG has a higher BP for their print auctions (their "important" auctions). [*]Also check payment options. Do they take credit cards and PayPal? Do they charge an extra fee for that? Many/most do. [*]Another recent development in Feeland: an extra fee for bidding live online (!!). Fortunately this doesn't happen often and tends to be reserved for "big" auctions. [*]The fees can quickly make a coin undesirable. [*]Don't forget to figure in exchange rates if you live in a country that uses a different currency. If you live in the EU and are buying a coin from an EU dealer, you'll also have VAT. [/LIST] As for Numisbids and Sixbid tips: [LIST] [*]Most but not all auction houses are listed in both. Because there are a few who show up in only one or the other, you'll need to browse both. Of the two services, I prefer Numisbids. [*]Use Numisbids' (and CNG's) Want List feature. You'll receive email notifications when coins matching your criteria are posted. Usually there is a delay of a few days between posting and receipt of such emails, although you'll get them well before the auction. [*]Numisbids recently added a nice feature: you can write a couple of lines of notes underneath coins on your Watch List. [*]You can submit your bids through either of these auction aggregators. Some folks here use that service. I've only tried that a few times. Twice my auctions weren't received or processed by the auction house (fine print: your bid isn't official until the auction house notifies you that it was accepted). I think it is better to bid directly with the auction house. [/LIST] Other random notes: [LIST] [*]Start signing up with auction houses. You'll be asked for references on most applications (a list of auction houses and dealers with whom you have done business). This can be tough when you are first starting out, but if you've been collecting modern coins it probably won't be an issue because you've probably used Heritage, GC, and others. [*]Research prior prices realized for any coins you are considering. CNG's archives, ACsearch, and CoinArchives will give you many hits in most cases. Try to remain objective when comparing your potential target to the archive coins. There will of course be a great deal of variation in hammer prices, so if a coin seems to be an outlier just chalk that one up to two or more very determined bidders and treat that price with a grain of salt. [*]Look for fixed price examples of the same coin (Vcoins and MA-shops are the main stops for this, although in some instances eBay is also appropriate). Make sure there isn't another one for sale that you like better at a better price. [*]Estimates provided by an auction house are only meaningful in terms of setting the opening bids. Often the estimates are comically low (I prefer low estimates). Less often, the estimates are so high that opening bids are retail prices. I tend to ignore auction houses whose opening bids are already retail prices. [/LIST][/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Ancient Coins
>
Recommended dealers and platforms?
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...