Curious About Auction Details - Coin Community Forum

To participate in the forum you must log in or register.

Author	Replies: 5 / Views: 959
howell1018 Pillar of the Community United States 733 Posts	Posted 09/28/2021 3:02 pm I don't worry about this because it's never going to affect me, but.....Almost weekly I see in the Numismatic press a report of some coin that sold at auction for an astronomical price. I know that auction houses tend to charge on the order of 15-18%, but do they still get that for an item that hammers in the area of 7 figures, or do they have some sort of sliding scale. My Coin World that came yesterday has coverage of a coin that was auctioned for over $7 million. At 15% that's a fee of over a million dollars. Report this Post to the Staff

hokiefan_82 Pillar of the Community United States 3693 Posts	Posted 09/28/2021 3:25 pm For the auction sites I use, the buyer's fees for numismatic items are fixed - 20% at Heritage and Stacks Bowers, 10% (or 12% if paying by credit card) at GreatCollections. I know for Heritage they do have a sliding scale for some types of listings, but not coins or currency... Member of SPMC, FCCB, ANA and ANS. My U.S. Classic Commemorative Complete Set: https://www.NGCcoin.com/registry/co...sets/278741/ My U.S. Fractional Note Set: https://notes.www.collectors-societ...eSetID=34188 Report this Post to the Staff
howell1018 Pillar of the Community United States 733 Posts	Posted 09/28/2021 7:09 pm I was more interested in the fee to the seller. Report this Post to the Staff
sel_69l Bedrock of the Community Australia 21788 Posts	Posted 09/28/2021 8:13 pm For coins that have the potential to be sold for huge prices, I have no doubt that some sort of negotiation can take place before the auction regarding the seller and the auctioneer regarding fees. As a parallel, sliding scales exist for agents for real estate negotiations, and can form part of the contract between the agent and seller. Edited by sel_69l 09/29/2021 03:54 am Report this Post to the Staff
Conder101 Bedrock of the Community United States 17884 Posts	Posted 09/30/2021 02:43 am Quote: I was more interested in the fee to the seller. Sellers fee is negotiable based on the value of the consignment and can run from the seller paying 5% (receiving 95% or the happer price) to receiving 105% of the hammer price. In the case of that $7 million coin the seller almost certainly received 105% of the hammer price. Report this Post to the Staff
just carl Bedrock of the Community United States 20753 Posts	Posted 10/03/2021 11:49 am Just one of the reasons I do not use auctions. Report this Post to the Staff
	Replies: 5 / Views: 959

To participate in the forum you must log in or register.

All Forums Category: General Numismatic Forums Forum: Main Coin Forum

Silver Gold Bull US is the United States leading bullion dealer. We deliver gold coins, gold bars, silver coins, silver bars and precious metals to your door. Order today!

The First Dollar, your premier source for bullion and rare coins. See our bullion list on the site and the coin inventory on ebay.

View Last 100 New Topics

View Last 100 Active Topics

Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. Copyright 2005 - 2026 Coin Community Family- all rights reserved worldwide. Use of any images or content on this website without prior written permission of Coin Community or the original lender is strictly prohibited.
Contact Us | Advertise Here | Privacy Policy / Terms of Use

Coin Community Forum

It took 0.29 seconds to rattle this change.