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<p>[QUOTE=&quot;kirispupis, post: 7877011, member: 118780&quot;]Hello everyone,</p><p><br /></p><p>Note that by &quot;high-end coin&quot; I mean any coin that sells for more than $100k. Since I love my wife and very much desire to remain married, I won&#039;t be purchasing one of these, but my 18 year-old son is starting a sports card business that&#039;s been going well, and I believe at some point he&#039;s going to deal with a card in the same price range. Since I expect the below questions to apply equally as well to ancient coins, I&#039;d thought I&#039;d ask.</p><p><br /></p><p>Also, I&#039;m just curious.</p><p><br /></p><p>1) How are these coins delivered? For simplicity-sake, let&#039;s assume I bought a coin for $200k at Triton, so it&#039;s already in the US and doesn&#039;t need to cross borders. Does the purchaser typically fly in or pay someone to fly in to personally receive the coin? Or are there specialty white-glove services above FedEx and DHL that provide top-notch security door-to-door?</p><p><br /></p><p>2) How are payments typically handled? I remember someone mentioned escrow services similar to how one buys houses. Are these utilized or is it more typically wire transfers - and the buyer needs to have a lot of trust in the seller? If there are escrow services, who typically pays the escrow fees?</p><p><br /></p><p>3) (this one I&#039;m just curious about) How does one get the OK from an auction house to bid on say a million dollars in coins? Do they require a bank statement showing proof of funds, or do they require a deposit consisting of a percentage of the maximum bid amount before the auction opens? I assume if I&#039;ve spent $1M at say NAC, that Triton and Roma will probably just trust me, but I&#039;m curious how that first one happens.</p><p><br /></p><p>For those who care, my son buys boxes and &quot;breaks&quot; them live. He&#039;s currently doing about $5k per month and plans to grow well beyond that. Since he&#039;s starting to open the type of boxes that may contain a $300k card, he&#039;s a bit worried how he&#039;d send it. My assumption is they&#039;re sent similarly to high-end coins.[/QUOTE]</p><p><br /></p>

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