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<p>[QUOTE=&quot;GDJMSP, post: 1583778, member: 112&quot;]That&#039;s where you are making your mistake. If the high bid is a $1000, the seller receives $850 - assuming he is paying a 15% commission. If the seller manages to get an agreed to lower percentage, (which as Paul said he can do) then the seller gets paid more.</p><p><br /></p><p>As for the buyer, if the final bid is $1000, and the buyer&#039;s fee is 15%, then the buyer pays Heritage $1150. But that $150 is not taken away from the seller as it was never his to begin with.</p><p><br /></p><p>And the buyer doesn&#039;t really pay any extra either. The buyer&#039;s fee is and always has been considered merely being part of the total price. </p><p><br /></p><p>One way or another you pay a buyer&#039;s fee no matter where you buy the coins. The only difference is, with Heritage or any other auction house, they tell you up front that you are going to pay them a buyer&#039;s fee - it is their profit for conducting the sale and allowing you and the seller to come together. But when you buy a coin from a dealer or a private individual, you can rest assured he too is charging you a buyer&#039;s fee. He just isn&#039;t telling you that he is charging you one. Nor is he telling you how much that fee is. And that fee is his profit. And by the way, it is quite often much higher than 15%.[/QUOTE]</p><p><br /></p>

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