By Bill Brandimore Like many of you, I received a recent email from Heritage Auctions indicating that it was raising buyer’s commissions for numismatic auctions to 20 percent. This was being done to stay competitive. I called Allen Mincho, director of auctions at Heritage, for more information on this change. He explained that Stack’s Bowers had raised its rates to 20 percent a few days earlier and Heritage was merely staying at the same level as competitors. Buyers, he noted, take into consideration commission fees as they construct their bids and will continue to do so with the new rates. So, if you’re buying a note you feel is worth $5,000 to you, you will probably stop bidding at $4,200—thus offering $5,000 in reality for a note you value at that level. I have known Allen for well over 30 years and consider him an honest and reputable figure in the currency business. So, as he says, we will probably just see business as usual. In other matters, I discussed at length my pricin...