Virginia Beach, VA (PRWEB) June 27, 2012
David Lawrence Rare Coins (DLRC) Auctions announced today that they have eliminated buyer's fees in their online auctions. According to DLRC President, John Feigenbaum, "All of our auctions now have NO BUYER'S PREMIUM, so you simply 'Pay Only What You Bid.'"
This is seen as a groundbreaking move within the numismatic auction industry as these buyer's fees are a standard in the coin business. Feigenbaum continues, "Several of the largest auction companies have increased their buyer's premium to 17.5% and we've heard from a number of our clients that they are fed up with this unnecessary tax on their purchases. Eliminating buyer's fees simplifies the buying experience on our web site tremendously. It's exciting for us to make this change and deliver a simpler pricing structure to the complicated process of auction bidding."
DLRC has been a leader in rare coins for over 32 years with a reputation for fairness and honest dealings based on a belief in building long-term relationships with their customers. The fee elimination is the first of many changes that are on the horizon for DLRC. According to John Brush, DLRC Vice President, "we are working on several significant changes to refresh our auction platform, but we needed to fix the BP first. Soon you'll see more changes on our website as we refine our auction model and expand our retail offerings. It's really an exciting time here."
David Lawrence Rare Coins was founded in 1979 and currently offers over 5000 PCGS, NGC and CAC certified coins for sale and auction on their website at http://www.davidlawrence.com and in their eBay store (davidlawrence_auctions).