Stacks or Heritage?

Discussion in 'US Coins Forum' started by Savy, Apr 19, 2014.

  1. Savy

    Savy Well-Known Member

    That is very rude of Heritage. I'm surprised that they wanted you to sell them to a dealer instead of using their own auction service where they make a profit.
     
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  3. LostDutchman

    LostDutchman Under Staffed & Overly Motivated Supporter

    I got the feeling they didn't feel it was worth their time... And they were trying to toss a bone to a buddy of theirs with no real regard to my treatment. This ended up being a nearly $20k deal after it was all said and done.
     
  4. GDJMSP

    GDJMSP Numismatist Moderator

    That's kind of the thing about dealers though. It doesn't matter who it is, there are going to be both good and bad reports. Any dealer or company you can name, you can bet the farm that there is somebody, or even several somebodies, out there who will tell you that you should not deal with this person or that person. That is true of all of of them, always has been and always will be.

    And I'm not saying that the reports aren't true, I have no doubt they are true. But there are always perspectives and unknowns involved. There are also good people and bad people in any organization or company. But even when you run across one of the bad ones, that does not mean that everybody in the company would have done the same.

    Trying to find a trusted and respected dealer is just like it is when looking at realized coin prices, there are going to be high ones and low ones. And what you have to do is look at the entire picture, not just one coin. And then make a decision.
     
  5. LostDutchman

    LostDutchman Under Staffed & Overly Motivated Supporter

    Doug,

    I respect your opinion there.. and I agree with it... mostly. If the person who did this was some low level employee... I would have the exact same opinion. This person however happened to be vice president of Heritage at the time. I think that alone speaks volumes.

    I'm not trying to slam the company... there are many fine folks that work there... but this is my personal experience.
     
  6. Edward Sulak

    Edward Sulak MuyGrande

    l agree with both points here, only because I had the same type of experience with the largest dealer I know of in my area. I brought in a coin I had bought at a coin show that I wanted to possibly have graded, well after he looked at it, he point blank told me "it won't grade it's been cleaned" tossed the coin back on the table and basically said sorry good luck next time. Now I wasn't upset about his call on the coin, but the way it all went down was within literally just a few minutes, he never explained why or how it had been cleaned or wouldn't grade, and I understand he deals with customers who bring in coins worth thousands, but each customer is a customer, are we not the ones who buy your inventory and support your business? I'm not a dealer myself and wouldn't judge one personally, but business wise, yea Lost Dutchman in my opinion is right when your the face of the company, doesn't matter what the customer has to bring to the table, he may have only brought a side dish this time, but the next time he might bring the main course and now you won't know because you just ridiculed his mash potatoes. Sorry, food may not have been the best way to explain this, but I'm hungry this morning.
     
    JPeace$ likes this.
  7. Morgandude11

    Morgandude11 As long as it's Silver, I'm listening

    The answer is NEITHER. If you are in it for profit, find a private buyer for the coin. Finding high end buyers isn't all that difficult. Why pay an auction premium if someone wants the coin and happens to be looking for it?
     
  8. GDJMSP

    GDJMSP Numismatist Moderator

    Just pointing out what some folks never realize Matt that's all.
     
    LostDutchman likes this.
  9. risk_reward

    risk_reward Active Member

    Just out of curiosity, I'm not planning to sell coins soon, how would you go about doing that?
     
    john1942sept likes this.
  10. Edward Sulak

    Edward Sulak MuyGrande

    Go to some coin shows and talk to multiple dealer's, see which is offering the best deals on whatever it is your trying to sell. You can also go to your local coin shops and talk to them. Join a coin club, you'll probably have better luck selling to a personal buyer rather than a dealer, your main people to pay higher premiums are collectors of a certain coin/type set to fill their collection. You won't just find anyone to pay higher prices you gotta talk to people to find out, no one just going to hand it to ya. But those have been my ways of going about it.
     
  11. mark_h

    mark_h Somewhere over the rainbow

    I did not have to say a word. I ask them about it and from looking at the list he told me they would drop down to 5%. Plus he could see some of them came thru heritage. Based off what I have learned I might try to get them to 0 if I do it again and all coins on the platinum night(not sure they would let that fly). The total consignment was estimated between 20 - 30k. Per coin estimates were between $100 and 2k. Only maybe 4-5 coins of 1k or better. There were about 20 coins they put in Tuesday /Sunday auctions that did the worst. These 20 or so coins were the more common grade common date stuff.

    Also if you have more questions quote my post and I will see it in the alerts. I missed this the last couple of times I checked the site out.
     
  12. mark_h

    mark_h Somewhere over the rainbow

    Good information - next time I would probably talk to both and see what they could each do for me.
     
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