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<p>[QUOTE="Detecto92, post: 1335881, member: 75105"]I signed up for teletrade and won an auction on a $9 proof cent.</p><p><br /></p><p>When I sign up for a site, I usually scroll through the terms and agreement, but I will know better next time.</p><p><br /></p><p>I was charged a "buyers premium".</p><p><br /></p><p>I've been to many auctions in my life, both online and in person, and buyers premiums are usually used in auctions of expensive items like classic cars, houses, etc.</p><p><br /></p><p>So when it was all said and done, with the price of the coin, shipping, and the buyers premium, I would be spending close to $20 for a coin that is worth $10 tops.</p><p><br /></p><p>Not only is there a buyers premium percentage, there is a<b> MINIMUM</b> buyers premium fee of 8 dollars. </p><p><br /></p><p>I guess they implemented this so they don't have to mess with people only wanting one inexpensive coin.</p><p><br /></p><p>So I emailed teletrade and politely told them I made a mistake and did not read about the buyers premium, and that I was not interested in the coin.</p><p><br /></p><p>They never replied to my email. Only sending me emails asking to pay, and even a certified letter.<img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie11" alt=":rolleyes:" unselectable="on" unselectable="on" /></p><p><br /></p><p>My mistake, and I guess I will know better next time.</p><p><br /></p><p>It might be okay to pay a buyers premium if your going to buy some $5,000 dollar coin, but when it comes to inexpensive items like $5 to $20 coins, the buyers premium min of $8 instantly puts the price of the coin out of it's proper value.[/QUOTE]</p><p><br /></p>
[QUOTE="Detecto92, post: 1335881, member: 75105"]I signed up for teletrade and won an auction on a $9 proof cent. When I sign up for a site, I usually scroll through the terms and agreement, but I will know better next time. I was charged a "buyers premium". I've been to many auctions in my life, both online and in person, and buyers premiums are usually used in auctions of expensive items like classic cars, houses, etc. So when it was all said and done, with the price of the coin, shipping, and the buyers premium, I would be spending close to $20 for a coin that is worth $10 tops. Not only is there a buyers premium percentage, there is a[B] MINIMUM[/B] buyers premium fee of 8 dollars. I guess they implemented this so they don't have to mess with people only wanting one inexpensive coin. So I emailed teletrade and politely told them I made a mistake and did not read about the buyers premium, and that I was not interested in the coin. They never replied to my email. Only sending me emails asking to pay, and even a certified letter.:rolleyes: My mistake, and I guess I will know better next time. It might be okay to pay a buyers premium if your going to buy some $5,000 dollar coin, but when it comes to inexpensive items like $5 to $20 coins, the buyers premium min of $8 instantly puts the price of the coin out of it's proper value.[/QUOTE]
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