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 Replies: 25 / Views: 8,569 |
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Bedrock of the Community
13014 Posts |
Quote:
At least with HA you will lose 30% of the value, but it will sell at the next major show auction. Anyone not negotiating that rate down is doing it wrong |
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Valued Member
 United States
318 Posts |
Interesting stuff. I've been using ebay for 15+ years and know their 10% fee very well. And my associated PayPal account always took a few percentage points from me as well. Help me understand the "Buyers Fee" model from Heritage. Isn't the buyer paying that fee? I didn't realize I might be responsible for that fee... I also assumed they have other possible fees such as a listing fee. I know ebay has a listing fee based on how high of a starting bid value you want to start your auction at. I would assume Heritage and GC have similar fee structures. I'll contact them for details. |
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Pillar of the Community
United States
1156 Posts |
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This coin would be an upgrade to the finest all-time Jefferson Full Steps Set at the PCGS registry (currently 65FS), and the owner is actively soliciting people to contact him for upgrades. When you're avoiding losing the 20% off your price (one way or another) an auction would entail, a private party sale becomes more flexible..... SuperDave had a great suggestion. I would add that you should start accounts at the PCGS and NGC forums and post your coin in the Buy and Sell section. |
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Pillar of the Community
United States
2023 Posts |
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Help me understand the "Buyers Fee" model from Heritage. Isn't the buyer paying that fee? I didn't realize I might be responsible for that fee... Yes, the buyer is responsible. But buyers are aware of their final cost (inclusive of all fees) of which you only get a portion. Add up the various fees that the buyer pays (regardless of what they're called) and that's how you end up with "So you are paying 30% for HA." -- you'll get only about 70% of what the buyer ultimately paid. |
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CCF Advertiser
United States
1533 Posts |
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Anyone not negotiating that rate down is doing it wrong You cannot negotiate the buyers fees of 20%. You can only negotiate the sellers fees and unless you have a major collection you will not be in a very good position to bring it down from the 10% to lower. Most ordinary mortals will pay 10%. |
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Valued Member
United States
318 Posts |
One problem I have is that I'm a horrible negotiator so I have no worries that I'll be paying full auction fees. On that same point, that is the point, I'm a horrible negotiator. If I try to sell a coin outright to somebody, they'll read me like a cheap magazine and I'll wind up selling that coin on the cheap. I'm one who benefits from use of an auction site to take "me" out of the process.
I'm starting to like what I've read and heard about GreatCollections being very fair to the seller. I don't really have a big dollar coin in my opinion so GreatCollections sounds more like the site I need to use. Otherwise Heritage appears to attract the big dollar auctions.
I just started looking at the Heritage and GC auction sites. Still need to digest what I'm looking at.
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Pillar of the Community
United States
1479 Posts |
I routinely bid on greatcollections and have done so for 2 years. Selling on GC has a few more stinker surprises: listing and seller fees combined with insurance and shipping to and from add up quietly and then you get your total deducted and when you get your check its just enough to make a person say "dang it". But...GC will move your coin rather quickly (30 days or less) and their up front about everything (just be sure to read policy or ask, they are customer oriented). Compared to Heritage and others GC is my choice for buying and selling. Here is my observations and they are only mine so please feel free to disagree. 1. The modern variety coin market is currently soft, I consistently buy scarce variety cents at 45-60% book whoohooh some of the tougher ones 70% but only a few for me its a buyers market. 2. The ones I sold surprised me (had 20 that were doubles or not necessary for my set) a couple hammered at book but most pretty much what I paid for them. 3. Selling coins is a bummer for me as I get emotionally attached so I'm a rotten coin dealer but a great customer :) then why am I butting in? Ha, ok sorry I was in your shoes a year ago so felt the need to chime. You can tell GC to go up to 80% value and they will, they will also go in betwbeen 30, 50, etc. When I totaled up everything I received pretty much what I paid for them... I checked out the others and they bite. I recommend GC for buying and selling. And yes I get your drift about selling a coin to buy more, my tastes are evolving and I'm catching on quick about this coin stuff I'm learning patientence is a painful virtue to learn (in my case) example being the 1992 D Close AM, criminy their all over the place now for around 1000 (paid 1800 for mine 18 mo.ago ouch). If you do sell list that baby at 80% and pay the eight dollar listing fee the worst it will do is not sell. I got 8 of my coins back from GC that I pulled after 2 auctions, smartly I requested 80% and they didn't sell so back in the safe they go. Good luck on your decision either way, your nickel sounds like a real peach. |
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Bedrock of the Community
13014 Posts |
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. You cannot negotiate the buyers fees of 20%. . Yes you can. You can negotiate every aspect of the sale. When you see people or sellers saying they get a negative percent that's because they're getting some of the buyers fee as well. |
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Pillar of the Community
United States
2023 Posts |
Thanks for your observation, luvmyCAM. I have one coin I've been meaning to sell through GC to get my feet wet -- maybe a few other things as I start to upgrade, but I'm not quite there yet. Good to know what I can expect, including the rate of return and market conditions.
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New Member
United States
24 Posts |
I'm new to the game, and I've only bought, but really like Great Collections. Service seems excellent and fees reasonable. If I ever sell, pretty sure that's where I'll go.
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Replies: 25 / Views: 8,569 |
First Page
Posted 06/11/2018 7:49 pm
