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 Replies: 19 / Views: 4,369 |
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Pillar of the Community
United States
3276 Posts |
So SsuperDdave got me to start searching for coins on Heritage and I'm liking a lot that I see. I'm hoping to get a few in these upcoming auctions. Anyways, from what I understand, they have an actual auction house where they will auction the coins? But we can also bid online..
So if I am the highest bidder online, can I be outbid from someone at the actual auction? Or do they update all bids, even if it is online bid or in house? Just trying to figure out how their auctions work.
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Pillar of the Community
 United States
3276 Posts |
Eww, I just looked up the FAQ's and it looks like californians have to pay sales tax :/
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Pillar of the Community
United States
919 Posts |
And don't forget the buyers premium of up to 17% (min of $14). That can really add up fast.
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Pillar of the Community
United States
7840 Posts |
Yes, your on-line bid can be outbid on the actual floor. The pre-bidding starts on-line (usually), then closes for on-line bidders to go to the floor for an "opening" bid. A thing about those "buyers fees", I incorporate those in addition to the shipping in my bid. I believe that this is why those closing bids are usually lower than ebay closing bids, possibly to be more attractive and bring in more "new" bidders. Edited by oih82w8
12/13/2012 08:13 am
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Pillar of the Community
United States
1298 Posts |
Actual buyers premium is 17.5%. I believe if you purchase a coin from Heritage for $1000 or more, they give you a coupon for free seller fees (10%) to resell "that" coin through their auction.
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Pillar of the Community
United States
3276 Posts |
I was incorporating buyers premium and shipping into what I will bid. But now I realized I have to pay tax too. Thats too much. Maybe I can find someone else to bid for me who is in a state that doesn't pay tax..
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Pillar of the Community
United States
7840 Posts |
DLRC does not have "buyer's fee's". More than likely no sales tax since they reside in VA.
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Pillar of the Community
United States
3276 Posts |
I think the coins at DLRC are a little too rare for my taste. lol. I like spending about $100 to $200 per coin, preferable in AU/MS condition.
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Pillar of the Community
United States
7840 Posts |
GreatCollections is "only" 10% on the buyers fees.
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Pillar of the Community
United States
3276 Posts |
I'll check it out. But I've had my eye on several coins at HA :( My sister lives in florida, maybe I can just have her sign up and buy the coins for me. lol. I might spend about $900, and tax in CA would add on another $76. That's not fun.
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Pillar of the Community
United States
7840 Posts |
It's always good to have another iron in the fire.
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Bedrock of the Community
13014 Posts |
Heritage does have a great selection, but imo they really arent much cheaper than ebay if at all once you incorporate the fees. ebay prices would drop like a rock too if they had a buyers fee instead of selling fee |
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Pillar of the Community
United States
3276 Posts |
I've been looking at certain completed auctions on ebay and compared to heritage, even after buyers premium and such, it looks like HA usually ends up being a better deal. |
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Pillar of the Community
Sweden
729 Posts |
I thought HA had a live online bidding alternative after the pre-bidding closes, so if a floor bidder outbids you, you can still bid online and, hopefully, win the auction. That's how I interpreted it: http://www.ha.com/c/ref/web-tips.zx#live |
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Valued Member
United States
180 Posts |
HA does have internet only auctions from time to time. As to California taxes I'd give them a call; most of their weekly coin auctions are out of Dallas so you may not have to pay CA tax....
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New Member
United States
13 Posts |
We have 4 internet coin auctions every week -- US coins on Sunday and Tuesday, Moderns on Thursday, and world coins on Thursday. Note that we are switching the next couple of weeks' auctions from Tuesday to Wednesday because we don't want to close them on Christmas and New Years. California residents unfortunately do have to pay sales tax on coin invoices under $1500. We don't like it either, but we like the consequences of failing to comply with state laws even less. For more details on who does and doesn't have to pay sales tax, follow this link: http://www.ha.com/c/ref/sales-tax.zxepikur, what you're referring to is Heritage Live, and that applies to our live, or "Signature" auctions. The upcoming FUN auctions in January will have that feature. Our weekly Internet auctions do not; they close at 10PM CT sharp on the listed closing date. |
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Replies: 19 / Views: 4,369 |
Posted 12/13/2012 07:12 am
