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 Replies: 46 / Views: 6,702 |
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Bedrock of the Community
United States
94367 Posts |
I'm thinking jerseyben was just joking.  |
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Valued Member
United States
215 Posts |
I made one purchase from HA, and have decided it is not worth the buyer's premium to make another purchase. Their customer is at a different level than me. As in anything I buy at auction, I constantly flip between 2 or 3 different sites to see what the total sold cost was at each. Since I don't own anything rare, I can usually find what I need over time and locations.
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Pillar of the Community
 United States
5828 Posts |
Im going to ask the question we are all dieing to know: what coin did you get?  |
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Valued Member
 United States
282 Posts |
Oh yeah the coin! I bought the 1833 Bust Half at MS61/CAC from the Reverend's collection. I loved the backstory and the fact that it has been with the family for a century and a half. I couldn't afford anything higher than this now. The coin is pretty nice to boot.
Not really a bargain but well worth the cost for me. I'll post a pic from HA since I haven't received the coin yet. Stay tuned.
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Valued Member
United States
282 Posts |
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Pillar of the Community
United States
5676 Posts |
Congrats on a beautiful coin! Well worth it, despite the annoyance of the sales tax.
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Pillar of the Community
United States
4085 Posts |
Wow, what a beauty!
One thing I have learned is sometimes it is worth it to pay up a little to get the coin you really want. On more than one occasion have I bought a coin looking for a bargain and then not been 100% satisfied with it. I then end up upgrading it and now I have two coins instead of one and probably spent even more than if I had just been patient.
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Bedrock of the Community
United States
10982 Posts |
Very nice piece and well worth what you paid even with the tax and BP.
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Pillar of the Community
United States
7390 Posts |
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Pillar of the Community
United States
7390 Posts |
Quote:
Wait, a novice question, Is there always a buyer's premium?
Is there a sales tax if you buy from another state?
Does this apply to Heritage only or other Auction houses?
The only coins I have bought is from CCF members. Each state has its own laws regarding the charge of sales tax on pm's and coins bpoc. If whatever outlet you're buying from has a main or satellite office in said state they can charge tax according to that state's law. Buyers premiums are at the perogative of the company. They can charge 0%, 10%, 20% or 90%+ BP. It's primary function is to the auction company is to cover extaneous costs. The market bears it so c'est la vie Here's a list of each state's laws regarding pm taxes... https://thecoinologist.com/sales-ta...e-breakdown/Edited by Cascade
06/16/2016 10:45 am
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Valued Member
United States
282 Posts |
Edited by syeb
06/16/2016 10:47 am
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Pillar of the Community
United States
5828 Posts |
Wow, very nice coin  Do you have it in hand yet? |
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Valued Member
United States
282 Posts |
Not yet. I don't know how fast Heritage ships. Does anyone have experience with that?
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Pillar of the Community
United States
7390 Posts |
They say up to 2 weeks but sometimes it's fast and sometimes you have to call them on day 14.
Edited by Cascade
06/16/2016 6:54 pm
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Pillar of the Community
United States
9792 Posts |
BP is there to cover the photography, cataloging of the item, the printing of many high color catalogs, and the inclusion on their website auction, and later archiving of it, I agree 17.5% is a bit steep, but that is actually negotiable if you spend enough with them. 5 figures and up at least, or get a dealers licence and avoid the tax when purchasing. I used to buy a lot from Heritage at auctions as a dealer, now days very, very rarely.
"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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Replies: 46 / Views: 6,702 |
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Posted 06/15/2016 5:28 pm
