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Fees - Coins and Currency



Buyer's Fees

A flat 15% buyer's fee applies to all Auctions (including Premier, Premier Plus, U.S. Gold, Rainbow and Currency Auctions) with a minimum of $8 per lot.


Seller's Fees

Consignors are charged a seller's fee based on the prices realized at auction and calculated per lot according to the following schedule:

Sold Coins - Price RealizedFee
$2,001 or more4%
$750 to $2,0006%
$6 to $7498% ($5 minimum)

Unsold Coins - Price RealizedFee
Seller places Buyback
Calculated on Buyback bid.
5% ($5 minimum, $100 maximum)
Seller does not place BuybackFREE

Sold Currency - Price RealizedFee
$2,001 or more6%
$750 to $2,0008%
$6 to $74910% ($5 minimum)

Unsold Currency - Price RealizedFee
Seller places Buyback
Calculated on Buyback bid.
5% ($5 minimum, $100 maximum)
Seller does not place BuybackFREE

Guaranteed Sold Program™  

Relist your coins and currency in up to two additional auctions for free! At the time of consigning your coins/currency, select "Yes" to the Guaranteed Sold Program. In the event they do not sell the first time round, we will relist your coins/currency in up to two of our next available auctions for no additional unsold fees. If your coins/currency sell in one of these additional auctions, you will only pay a seller's fee.


Sales Tax

Coins

California State residents will be charged sales tax on the full purchase price, buyer's fee and postage & handling costs. Please note, coin purchases over $1,000 are exempt from sales tax in California (hammer price plus buyer's fee must be equal to or greater than $1,000).

Currency

California State residents will be charged sales tax on the full purchase price, buyer's fee and postage & handling costs (regardless of value). In the event that you purchase coins and currency in the same auction, you will be charged sales tax for all currency lots (regardless of value), and any coin lots (if your coin purchases plus buyer's fee is less than $1,000). Please note, if your coin purchases in a particular auction equal or exceed $1,000, then your coin purchases will not be charged Sales Tax.

Teletrade® is no longer required to collect sales tax in New York or New Jersey, effective with auction 2077 on Wednesday, August 10, 2005.


Postage and Handling Fees (Includes Insurance)

Handling fees (including postage and insurance) are added to the amount due according to the following schedule:

Invoice AmtP&H Charge
up to $200$4.75*
$201 to $300$9.75*
$301 to $500$10.75*
$501 to $700$11.75*
$701 to $1,000$12.75*
Invoice AmtP&H Charge
$1,001 to $1,500$13.75*
$1,501 to $2,000$14.75*
$2,001 to $3,000$15.75*
over $3,000$16.75*
  
*plus $0.25 per coin/note


Canada

Due to increased insurance and tracking costs, shipments over $500 to Canada will be charged a flat $50 fee, and packages will be sent via DHL Express. Purchases under $500 will be sent via USPS at a flat rate of $15. Please note, any applicable VAT or customs charges are the responsibility of the Buyer.


Buybacks (Unsold Coins/Currency)

Teletrade does not enter minimums or reserves on behalf of consignors. Consignors are permitted to bid on their own coins, but they must do so by placing Buyback bids no later than one hour before the auction begins (see "Maximum Bidding" instructions on how to enter Buyback Bids). Consignors will be charged a flat 5% fee (minimum $5) on their full Buyback bid on any lots bought back in this manner. The maximum fee for any Buyback lot is $100.

All coins/notes that are returned to the consignor after not selling, whether it be after one, two or three auctions will be assessed the following charge based on how many lots are returned. This charge includes shipping and postal insurance.


Consignor Coin/Currency Return Fee (per shipment)
$15 (up to 10 lots) plus $5 per each additional 10 lots.


Payment Information

Teletrade® welcomes payment by check, money order, Visa, Mastercard, American Express, Discover and Paypal.

Payment by check/money order:

Please write your user id on the back of your check or money order and mail to:

Teletrade®
18061 Fitch
Irvine, CA 92614-6018

Please note: Payment by personal check may hold shipment of coins/notes until funds have cleared, usually 10 business days.


Payment by Visa, Mastercard, American Express and Discover:

Credit Cards are welcome at Teletrade Coin and Sports Card Auctions

Login to the Teletrade® website, and click "Account Information" in the top right navigation. Type in the auction number and select the "Which lots you won and amount you owe" option, and click submit. You will see the lots and total of the amount you owe for that particular auction. At this point, select "Pay By Credit Card" button. This will take you to the payment page where you can enter your credit card securely.

You can also pay over the phone by telephoning Teletrade® at 800-949-2646.

For more information, please e-mail info@teletrade.com


Payment by Paypal:

Paypal is welcome at Teletrade Coin Auctions

Login to the Teletrade® website, and click "Account Information" in the top right navigation. Type in the auction number and select the "Which lots you won and amount you owe" option, and click submit. You will see the lots and total of the amount you owe for that particular auction. At this point, click on the "Pay By Paypal" button. This will take you to the Paypal login page where you will be prompted to login to your Paypal account and complete the transaction. Please note, all Paypal login information is submitted on the Paypal website and is not disclosed to Teletrade®.







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You can also bid by Touch-tone phone.  For help, always feel free to Contact us at 800 949-COIN (949-2646).
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