Quote:
Originally Posted by 204ruger
Hopefully I got this straight. Dave you said in a previous post this is how the fha prices to the puzzle are broken down
“ FHA auction fees = 11%
Drumming = $1 per coyote pelt
Shipping = $12, and
Currency exchange = 1% (Which doesn't actually cost you anything, you buy CD$ with US$ at the posted rate)”
To my thinking it’s actually closer to 12.5% then
11% fees
1$/pelt for drumming which on 200$ coyote is .5%
And the currency exchange 1%
=12.5% with that figuring.
I do know that whatever the current exchange rate was is what we got at nafa, not what it would cost you to go buy Canadian with US at the bank.
If market said 1.32 or 1.31 or 1.34 that’s what showed up and we got paid for at nafa. Fha has always been different in that way. If exchange is 1.31 you get 1.29 or so, unless that has changed now but to my sources it hasn’t.
I also know my furs at auction Havnt sold and my ones I took to a buyer are sold and paid well for.
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You forgot the $12 shipping but it doesn't matter.
The fact is that no one can say what percentage you'll pay in auction fees without knowing how many coyote pelts you put into auction, how many sold and what they sold for. The $12 for shipping is going to be a much different percentage if you ship 10 pelts or 100 pelts.
Likewise with drumming fees......You used a $200 pelt to come up with a .5% drumming fee while Marty used a $100 pelt to come up with his 1%. Ya see how that works?
Anyway, I'm burning daylight and I gotta get a start on my day drinking.
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