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 Replies: 11 / Views: 9,966 |
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Valued Member
United States
402 Posts |
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Pillar of the Community
United States
1691 Posts |
It is a popular site now and they have built their brand... they will go for higher end pieces and make as much $$$$ as before or more with less then half the work! SMART  PS It'll be just one less place we can go to pick up affordable pieces, though.  Edited by atlashealth
01/06/2013 11:38 am
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Pillar of the Community
United States
3453 Posts |
They also increased their buyer's fee to 20% 17.5% according to the e-mail I received. I have noticed recently that the sales prices have been often significantly lower than their stated market values (which are high I believe) and I can't help but wonder if they felt that having 4 auctions per week was watering down the pool.
Should be interesting to see what happens now, especially once buyers start figuring in the 20% 17.5% buyer's fee.
EDIT: I stand corrected on the percentage increase - thanks @beaglebailey for your attention to detail.
Edited by CoinsKelly
01/06/2013 12:00 pm
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Pillar of the Community
United States
3453 Posts |
As an after thought, I wonder if they will make they will see increased profits or a higher profit % with one auction and higher priced pieces.
When I waited tables, I would always pick up the 2 and 3 tops and let the other waitresses get the larger groups. There were more 2 and 3 tops and while I did hustle more, I always wound up with the most tips at the end of the night. 2 and 3 tops tend to tip at a higher percentage as well since the bill is not as large as a group bill. The best part was no one figured out what my "secret" was!
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Pillar of the Community
United States
716 Posts |
They are also increasing buyers' fee to 17.5% beginning with next Sunday's auction and they are discontinuing the Gold Rewards program
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Bedrock of the Community
13014 Posts |
With a new buyers fee that stiff they dont really have a choice but to move towards higher end stuff and less auctions. Sellers arent going to be selling mid grade stuff there with the beating theyll take on the sale price from the buyers fee.
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Valued Member
 United States
402 Posts |
Just one less place I will be looking in. What about my 400 Gold Point I had accumulated? Were not worth much anyway. Sure will miss the Tuesday actions. Oh well, back to ebay. edgman  |
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Valued Member
United States
359 Posts |
For the complete details on this go to: http://www.teletrade.com/coins/blog.aspQuote:
Just one less place I will be looking in. Same here. I have had good experiences with them in the past. Quote:
What about my 400 Gold Point I had accumulated? Gold Rewards Ending: Following Auction 3407 on Sunday, December 30, 2012, Teletrade will discontinue the Gold Rewards program. All previously earned Gold Rewards points will be honored through June 30, 2013, or until the expiration date arrives, whichever comes first. More money for them with less effort. Good for them, but bad for some of us, me included. The first sentence at the link I posted states the following: "Here at Teletrade, we take pride in the fact that we not only listen to our clients' concerns, but also continue to seek ways of improving our auction process." I think they may want to rephrase that and say they listen to their high dollar customer concerns.. Can't blame them, its business.. |
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Moderator
 United States
16679 Posts |
I use to look at Teletrade every Sunday...long before joining the CCF. Haven't been there in a awhile. I'll have to check it out again ;-)
swcoin.ecrater.com
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Pillar of the Community
861 Posts |
Before ~2005, I could purchase coins at Teletrade for less than what I would pay on ebay. But, those days are now long gone. Today, the coins on Teletrade (that do sell) usually can be purchased on ebay for much less. Since ~2010, I purchase nothing from Teletrade. Their prices can not compete with ebay anymore. Teletrade must try something new to fix their faltering sales, but, I don't think their new model will help. I believe Heritage and ebay will be the death knell to Teletrade. JMO |
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Valued Member
United States
402 Posts |
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Valued Member
United States
180 Posts |
Know I'll miss the Tuesday night auctions as well.
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Replies: 11 / Views: 9,966 |
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Posted 01/06/2013 11:50 am
