Our Fees & Premiums
At Rumnicoin, we aim to provide clear and straightforward information regarding the fees and premiums associated with our services. Below is an overview:
Buyer’s Premium
- A 15% Buyer’s Premium is added to the final hammer price of each auctioned lot.
- This rate is subject to change, with prior notice provided before any auction.
Seller’s Fee
- The Seller’s Fee is negotiable, ranging from 0% to 10%, based on the nature of the material offered for auction.
- No hidden or additional fees will be applied once an agreement is reached.
Bid Limit for New Users
- A bid limit of £2,500 is applied to all first-time Users.
- To increase this limit, credible references and additional information (e.g., a credit check) will be required.
Bid Increments
Bids during live auctions follow these increments:
| Hammer Price Range | Bid Increment |
|---|---|
| £0 - £100 | £5 |
| £100 - £200 | £10 |
| £200 - £500 | £20 |
| £500 - £1,000 | £50 |
| £1,000 - £2,000 | £100 |
| £2,000 - £5,000 | £200 |
| £5,000 - £10,000 | £500 |
| £10,000 - £20,000 | £1,000 |
| £20,000 - £50,000 | £2,000 |
| £50,000 - £100,000 | £5,000 |
| Over £100,000 | £10,000 |
Shipping & Insurance Costs
- These costs are calculated separately and added to the Buyer’s invoice.
Investment Disclaimer
- Rumnicoin does not accept responsibility for the performance of Investment Gold, Precious Metals, Artifacts, Art, or Collectibles. Values can fluctuate, and Buyers are encouraged to seek professional financial advice before making purchases.
For any queries, please contact us at contact@rumnicoin.com.