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<p>[QUOTE="robinjojo, post: 7877075, member: 110226"]Interesting questions. </p><p><br /></p><p>The most that I ever paid for a coin was $26,000 for the Segovia 50 reales, 1635 R, back in 1997. I guess things were pretty simple back then, as compared to now. I simply sent a check to Superior, and the coin, with its Capital Plastics custom holder arrived by registered mail.</p><p><br /></p><p>In answer to #1, I would imagine, these days, that Fedex would be used for such a high value object. Otherwise, probably registered mail. Fedex is fast and secure, but if the coin is sent internationally, then the issue of US Customs and customs fee enters the picture. In the past I have had to pay these fees to Fedex for international deliveries. This has not been the case with postal shipments. If one were to personally pick up the coin, that is an alternative, but again, if done overseas, the customs and declaration issues would been to be addressed.</p><p><br /></p><p>For #2, I know that Roma will allow credit card payments and Paypal payments for total invoices up to £2,500. Anything above that amount is paid through a wire transfer. I am not sure about escrow services, but I imagine that people who can pay $100,000 or more for a coin would simply pay cash, through a wire transfer.</p><p><br /></p><p>#3, some auction houses have a prior approval requirement, such as Steve Album, in which the buyer specifies the upper limit of his or her bid total for the auction. I am sure that this require is there to stop bidders from heading to Mars when participating in the auction. I am sure that some houses have exceptions, if the bidder has well established credit, or owns Amazon and has flown into space, to gaze upon his fulfillment centers below.</p><p><br /></p><p>Sounds as if your son is having fun and making money! I know that there were, before the pandemic set in, sports cards shows. Even coin shows had sellers of other collectibles, including sports cards. When they start up again, maybe he can set up a table.</p><p><br /></p><p>Hope this helps[/QUOTE]</p><p><br /></p>
[QUOTE="robinjojo, post: 7877075, member: 110226"]Interesting questions. The most that I ever paid for a coin was $26,000 for the Segovia 50 reales, 1635 R, back in 1997. I guess things were pretty simple back then, as compared to now. I simply sent a check to Superior, and the coin, with its Capital Plastics custom holder arrived by registered mail. In answer to #1, I would imagine, these days, that Fedex would be used for such a high value object. Otherwise, probably registered mail. Fedex is fast and secure, but if the coin is sent internationally, then the issue of US Customs and customs fee enters the picture. In the past I have had to pay these fees to Fedex for international deliveries. This has not been the case with postal shipments. If one were to personally pick up the coin, that is an alternative, but again, if done overseas, the customs and declaration issues would been to be addressed. For #2, I know that Roma will allow credit card payments and Paypal payments for total invoices up to £2,500. Anything above that amount is paid through a wire transfer. I am not sure about escrow services, but I imagine that people who can pay $100,000 or more for a coin would simply pay cash, through a wire transfer. #3, some auction houses have a prior approval requirement, such as Steve Album, in which the buyer specifies the upper limit of his or her bid total for the auction. I am sure that this require is there to stop bidders from heading to Mars when participating in the auction. I am sure that some houses have exceptions, if the bidder has well established credit, or owns Amazon and has flown into space, to gaze upon his fulfillment centers below. Sounds as if your son is having fun and making money! I know that there were, before the pandemic set in, sports cards shows. Even coin shows had sellers of other collectibles, including sports cards. When they start up again, maybe he can set up a table. Hope this helps[/QUOTE]
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