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 Replies: 77 / Views: 30,216 |
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Pillar of the Community
United States
9792 Posts |
Quote:
the Heritage seller commission on coins is 15% right? Heritage and other big auction companies routinely drop their commissions to secure high end coins that will highlight in an auction and guarantee more interest in the other lots. I could see Heritage doing that to secure a coin like this, especially if they get some advertising on the Pawn Stars TV show and at FUN off of having it. "Buy the Book Before You Buy the Coin" - Aaron R. Feldman - "And read it" - Me 2013! ANA Life Member #3288 in good standing since 1981, ANS, Early American Coppers Member (EAC), Colonial Coin Collectors Club member (C4), Conder Token Collector Club member (CTCC), Civil War Token Society (CWTS) member, Liberty Seated Collectors Club (LSCC) & Numismatic Bibliomania Society member (NBS), USMex, Member in good standing, 2¢ variety collector. See my want page: http://goccf.com/t/140440 |
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Valued Member
United States
406 Posts |
The seller's commission is, I believe, normally only 5%. The buyer's premium is 17.5% on coins (different venues, e.g. fine art, charge different amounts).
Best Regards,
George
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Pillar of the Community
United States
7375 Posts |
Bump. Still has a way to go to 80K.
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Pillar of the Community
United States
4692 Posts |
Sellers commission can be negotiated with HA. I have sold items through them with zero commission. I have also heard of sellers who have received over 100% of the hammer price.
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Pillar of the Community
 United States
2815 Posts |
At $50,000 with 4 hours to go.  Edited by Darth Morgan
01/06/2015 6:58 pm
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Pillar of the Community
United States
7375 Posts |
I'd buy it, but the New York State sales tax would be a killer  |
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Moderator
 United States
23522 Posts |
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At $50,000 with 4 hours to go. That's the Internet part of the auction, which means nothing. The live auction is Platinum Night tomorrow, when the coin actually hits the block and the real bidders come out. |
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Pillar of the Community
United States
2815 Posts |
Oh. I didn't realize that, SD. Thanks for clarifying.
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Moderator
United States
23522 Posts |
Yeah, Heritage is kind of deceptive with that stuff; their pre-Live Internet auctions are basically advertising.
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Pillar of the Community
United States
1903 Posts |
If I were to win that coin (which I am in no position to even bid on) the first thing I would do is immediately go over to the NGC table at the show to get it reholdered and get that Pawn Shop label off it
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Pillar of the Community
United States
2815 Posts |
Quote:
If I were to win that coin (which I am in no position to even bid on) the first thing I would do is immediately go over to the NGC table at the show to get it reholdered and get that Pawn Shop label off it Same here. The Pawn Stars label cheapens the presentation, IMO. The original label was much better.  |
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Pillar of the Community
United States
2540 Posts |
The entire show is a waste.
Rick's idiotic laugh is annoying.
His "history' lessons are only for 1st graders.
And the others are just ignorant.
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Pillar of the Community
United States
1903 Posts |
I must admit, coming from a very closely related industry as my career, I find him and the show rather endearing and pretty straight forward. His rationale for how he prices offers and the offers he makes are very legitimate. If you know the history of the pawn industry their motto is "2 for 1" and this bears out that if they pay more than half something is worth, it is better for them to keep their cash and loan it to someone than to tie it up in merchandise.
That assumption is where I got my hunch that Rick bought this coin with every intention of keeping it for himself or as a gift for the "Old Man".
The only thing I have never been able to fact search is this...they NEVER deal with or have in the store any modern firearms...just antiques (which are not considered firearms by the BATFE if it was manufactured on or before Dec 31 1898) which leads me to believe that at least one of the licensed owners of Gold and Silver Pawn are convicted felons. No proof, just a hunch
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Pillar of the Community
861 Posts |
Looks like Rick is going to make money on the sale of this coin.......never underestimate the gullibility of people. Clearly, they are buying that idiotic holder and not the coin.
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Moderator
United States
23522 Posts |
I personally put the real-world value of this coin at around $100k.
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Replies: 77 / Views: 30,216 |
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Posted 01/01/2015 08:05 am
