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Cost of having a reserve

Started by MikeKing,

4 posts in this topic

MikeKing

MikeKing

Posted
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I plan on putting a whole bunch of coins up for auction within the next few months. In setting a reserve, are there any reccomendations? I understand that both seller's fees and buyback fees are negotiable, but what are your experiences?

 

Thanks for any advice you can give,

Mike

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291fifth

291fifth

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A lot depends on what you are auctioning and your expectations. If your coins are considered to be "ordinary" they will probably not do well. You should shop around for the best rate as competition in the numismatic auction business is very keen at the moment.

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truthteller

truthteller

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Most auction houses have a 'dealer' and 'customer' consignment fee schedule. Usually, I can get 100% of hammer price with a 5% buyback for consigments under $25,000. Over that amount, I usually get 1-2% of hammer. With some auction houses I can also waive the buyback fee. Terms are generous with smaller auction houses, but exposure is limited.

 

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