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 Replies: 7 / Views: 1,353 |
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Pillar of the Community
United States
3276 Posts |
Maybe i'd like it more if I were there with you guys! However being in california and getting stuck with sales tax is no fun. For instance, there was a 1905 Liberty nickel I wanted for my type set in ms63. I was highest bid at $108 ($126.90 w/BP), but it made it to where my next bid had to be $120 ($141 w/BP). And if I won i'd have to pay tax which would be a total of $153.30. Somehow the winner only had to bid $110 ($129.25 w/BP). Or a 1917 type 1 SLQ. My high bid was $205 ($240.88 w/BP), and the winner paid $210 ($246.75 w/BP). If I wanted to win i'd have to bid $220 ($258.50 w/BP) and add tax which would make it a total $281. $281 is a lot more than $246. Sorry for rambling but it looks like ebay is a cheaper route for me. Maybe my mind would change if I were at the show and not having to bid online. Maybe i'll make it out there one year! I did win 1 coin at least. Probably over paid but I didn't want to walk empty handed. I've been waiting quite a while for these auctions! *** Moved by Staff to a more appropriate forum. *** |
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Pillar of the Community
 United States
3276 Posts |
By the way, how do you pay for an item won through online bidding? Do I wait for an invoice?
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Pillar of the Community
United States
759 Posts |
I understand completely. I've been looking for a CC Half Eagle and it seems when I look lately, the current bid + premium is close to at fair pricing (to me) and the bid increment is a too steep $50 ($58.75). I suppose one tactic could be to time your bid so you get to FMV first and hope the next increment is too painful for others to pull the trigger. Recent Teletrade changes make them much less attractive to me as well, so I'm with you, ebay is probably going to yield better results for me personally. Luckily, I don't have to deal with sales tax and I'm patient. |
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Pillar of the Community
United States
3276 Posts |
Quote:
I suppose one tactic could be to time your bid so you get to FMV first and hope the next increment is too painful for others to pull the trigger. I think that's the key. But I think the next bid increment is less for floor bidders than it is for internet bidders? Not sure. |
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Pillar of the Community
United States
716 Posts |
I agree with both of you. I haven't bought any coins on Heritage, but on Teletrade I bid on 6 coins and won 5. On all these coins that I won I bid the opening bid, and I wasn't willing to go any higher because that would have taken me above what I considered FMV. Only once did someone place a bid above me and I feel that he paid too much for the coin.
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Bedrock of the Community
United States
10038 Posts |
Wow - that's a shame - looks like CA government/tax reform is very much needed if it takes THAT much from you. Ouch! I know I have Canadian friends who every once in awhile ask me to get items for them and ship them up North b/c its less expensive down here. This happened a lot more when I was close to the border though. They have reciprocated by ordering Royal Canadian Mint "Canada only" items. Maybe you could find someone here that's just close to you who could work out something with you? |
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Rest in Peace
United States
10625 Posts |
Sales tax is the reason I don't bid on coins when the seller is in Texas. I hate being taxed on money when earned and again when spent.
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Pillar of the Community
United States
3276 Posts |
Yeah Dave, I avoid all california sellers on ebay. There was a beautiful flying eagle I wanted on ebay and the seller actually was 10 minutes from me. I don't mind paying tax on anything really, just annoys me when I pay tax on coins. Because a coin is listed at FMV that I'm willing to pay, then tax pushes it over to not so great a deal. It's not significant, but I'm a young college student and don't have a ton of spending money. All well, now i'll have more money for the next coin show. The long beach coin expo is only like a 2 hour drive from me. Maybe i'll hit up that show :) |
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Replies: 7 / Views: 1,353 |
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Posted 01/13/2013 08:26 am
