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<p>[QUOTE=&quot;Cherd, post: 8147323, member: 24754&quot;]I also purchase a lot of my coins through Heritage, as a slabbed ancients collector there aren&#039;t really many other choices <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie3" alt=":(" unselectable="on" unselectable="on" />. In preparation of the auction, I enter totals that I&#039;m willing to pay into a spreadsheet that multiplies that column by 5/6, which accounts for the buyer&#039;s premium and tells me my bid maximum. I also try to make sure that I&#039;m going to win multiple coins (at least 3, better if 5+) so that the shipping costs are spread across multiple coins, which makes that a bit less painful.</p><p><br /></p><p>All that being said, I really hate buyer&#039;s premiums and auction houses that use them. They could skim the same profits by charging their premiums against the bid price post auction (seller&#039;s premium), and the only difference would be that the bidders wouldn&#039;t have to do a bunch of math ahead of time. Of course, the reason that they do it this way is because some people are not good at math, don&#039;t want to bother with it, or are psychologically manipulated by entering a lower number (bid). This results in people paying more than they intended, which earns the auction house more money, and which makes the use of buyer&#039;s premiums ethically problematic in my book.[/QUOTE]</p><p><br /></p>

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