What Not Online Auctions

HomeNumismatic Terms“The Juice” - A Fee That Buyers Pay at Auction

“The Juice” – A Fee That Buyers Pay at Auction

This screenshot from a Heritage Auctions lot shows that the final price includes the Buyer’s Premium.
This screenshot from a Heritage Auctions lot shows that the final price includes the Buyer’s Premium.

(n.)

Slang.

The “juice” is the buyer’s fee paid by the winning bidder of an auction lot, usually as a percentage of the winning bid. More formally, the juice is known as the “Buyer’s Premium (BP)”.

It is used in a sentence like this:

“It cost me two grand with the juice.”

* * *

For more news and information about U.S. and world coin and paper money auctions, check out CoinWeek’s Auction News.

* * *

CoinWeek Notes
CoinWeek Notes
CoinWeek Notes presents expert analysis and insights from Charles Morgan and Hubert Walker, the award-winning editors of CoinWeek.com.

Related Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stacks Bowers Auction

L and C COIN Specials

Blanchard and Company Gold and Precious Metals