So You Bought A Fake Coin On Ebay?

There is an old saying, which I have found to be very true. Buy cheap buy twice. Unrelated to coins, I had a bathroom remodel. I went on the cheap side, paid a few thousand less for a guy that was eager and not as busy. Work got done, quality acceptable. However it turned into a 12 week job with a lot of delays, frustration and having in the end to call in real professionals to finish the job. In the end I would glady have paid more for a well rated costlier professional.
However, tangential that philosophy applies to coins. While the big houses can sell fakes, as no one is perfect. They will most likely be there a decade later if the coins proves to be fake. This especially proves true for those of us wanting to acquire top rated and top notch coins. You will not find a coin like the Hadrian I acquired from CNG on ebay, in all probability. The simple reason is money and cost to sell it. Ebay/Paypal charge sellers close to 15 percent to sell. A large auction house like Heritage charges between 7-9 percent on a high end coin. Why would anyone sell a ten thousand dollar coin on ebay, when they could pay half the commissions to the larges auctions house in the U.S? I have found high end auction houses willing to charge 4-5 percent for coins over five thousand so doing it on ebay is not the most profitable.

No, the buyer always pays the fee. I am discussing the seller. The seller of the said coin can negotiate with the auction house; as an example Heritage usually does under ten percent for the seller, because they are collecting an additional fifteen from the buyer. CNG hits the buyer and the seller for Fifteen. As for the auction you are discussing at twenty one and a half percent for buyer. That is high. Higher even than CNG. Usually the buyer pays fifteen percent, maybe seventeen and a half. However, the quality and authenticity of the coin is usually above par.