I don't know if I can do this, but reading your post and as I do have an auction site I opened recently and it is free to use... There is a need for users, but no one looses anything, as it is free. And if in the future we need to put some fees if cost get too excesive, there would never be any fee unless the item is sold, and they would always be much less than anything else out there. Have a look EDITED---Sorry but links to your own sites are not permitted....you may post it in your profile or in the OPEN forum--- The good thing is that if anyone needs something to be changed (a new category or something, you can always ask me to do it.
I just used Teletrade for the first time a couple of weeks ago and won an auction for a capped bust half dollar. I think that their service is wonderful. It was fast to get my coin and very secure. They ship with signature confirmation so that there is no doubt as to whether or not you got your coin. I highly recommend them and will be bidding on more items soon. I like the service they provide and I have no problems with their fees and they're very up front about what their fees are.
OK, sorry, I didn't know that, I just wanted to inform him of an alternative. I will look at the profile and open forum. Thank you.
No problem - you can have your say just the same as me And I am trying to explain to everyone that the reasoning for thinking that way somehow escapes me. Well first of all you have to realize you're talking about two different things here - the price the consignor ( the person who actually owns the coin ) receives - and the fees that the auction house receives. That's why it is broken down into two different parts. There's 3 different parts actually, but the buyer only deals with two of them. But the bottom line is - there is ONE total a buyer pays. The question you are asking is like saying - why doesn't a store do away sales tax ? If the item cost is $10 - why do I have to pay $10.65 ? It's the same thing. Tax is based on a percentage - buyer's fees are based on a percentage - what's the difference between the two ? Shoppers still recognize that they are going to have to pay the tax - on top of the listed price - which equals the total. But the two parts of that total are kept track of separately so that everyone knows ahead of time just exactly how much money goes to which interested party. With typical sales purchases there are two parties that get money as a result of those sales - the govt. and the retailer. With an auction house selling coins there are two parties that get money as a result of the sales - the auction house and the consignor ( owner of the coins ). The reason is not changed and done away with in both cases is because of simple convenience and practicality. It makes it much easier to determine how much money each of the interested parties receives after a sale. The whole problem people have with the concept of buyer's fees is because they look at it as an extra charge of some kind. But it isn't - it is only 1 portion of the total. And everyone knows the total in advance - just like with taxes. But they don't go around saying - I'm not gonna buy this here because they charge taxes and that's an extra ! The go ahead and buy it knowing full well they have to pay the taxes - and they consider the cost of the item to be the listed price PLUS the taxes. That's why I can't understand it. People do the very same thing, 10 times or more a day - and never say a word. But mention a buyer's fee at an auction house and they get all upset claiming they won't buy there
