Jump to content

On the Economics of Bottom Feeding

Gavin Richardson

Recommended Posts

So help me think through some things, folks.

I have my eye on an inexpensive coin or two in the upcoming Roma auction. Let’s say I happen to win the coin at 60 GBP. With buyers fee, that comes to about 75 pounds. Add another 20 to ship to the United States. That’s 95 pounds. That’s about $110 US. I can live with that.

What becomes a dealbreaker is if I’m charged an additional $45 or so for import fees. Then that $70 coin eventually becomes $155. Such  fees may be proportionally negligible for high-dollar coins. But for inexpensive coins, these fees may rival the price of the coin itself. It doesn’t seem to make much sense to bid on a single inexpensive coin in such an auction.

I suppose the bottom line is, “Is that coin worth $155 to me?” And maybe it is. But I would be more aggressive in my bidding if I knew I would not be hit with an import fee.

Does anyone know if UK coins are subject to the $40 and $50 import fees from Europe that I’ve heard Donna and are experiencing?

Any wisdom, economic philosophy, idle speculation, or experience would be appreciated.

Link to comment
Share on other sites

  • Benefactor
40 minutes ago, kirispupis said:

In my experience, shipments from Roma(UK) to the US are only assessed a fee if they are valued over $2k.

That was my experience -- the only time it happened was the one time I went over that limit. And it wasn't technically a duty; it was some sort of processing/handling fee. 

  • Like 3
Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

  • Create New...