Who here uses Heritage?

bids accepted on the website can be of any amount greater than the next full bid increment so he guessed what the high bidder was at and added $1 to that (or he just always adds $1 to his bids for a situation just like this).

 

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This is true. We hold 3 auctions per year in our world coins venue (January at NYINC, June Long Beach, and Sept. Long Beach) compared to 11 US coin Signature Sales and constatnt weekly auctions of US coins. This means for world material you need to be more patient and persistant. But it is out there.

 

I use Heritage a lot. I am virtually always logged into their site. Mostly, I use it for price reference. It is the only place I know of where you can sort and see the difference in pricing between PCGS and NCG coins - and they have enough to see the differences. I have bid on a lot, but mostly not as seriously as I now see I should have. (I have 20-20 hindsight.)

 

For what?

 

Let expand upon this. No, I don't bid or buy there. I sometimes use it to check the values for coins (BHDs). But, since I collect mostly (99%) RAW stuff and HA.com is for the slabbers, the prices realized are astronomically high for what I can snag elsewhere for a fraction of the price.

There may come a time when I have to look here for coins which can't be found on Ebay, Vcoins, or individual sellers. I'll cross that bridge when I get to it.

Just me, your friendly economical Bust Half Dollar Collector.
Ben

 

Sounds like you are describing a source for "better" deals...... A potential way to make money.

This is the kind of thing I contantly get castigated for.

 

Suppose one might try this; buy coins elsewhere cheap and sell on Heritage high. I simply think of it as a better way to spend money since I don't sell.

Quite possibly those castigating you might already be doing it themselves...

 

I do not know about the rest of the market, but for Lincolns, the best way to make money is to buy from Heritage and sell on eBay. I have seen several sell on Heritage for $100. Thinking that was too much, I would wait for eBay only to find the next one on eBay go for $150 to $200. This does not happen all of the time, but enough that I am sure that the average price for most descent certified coins on eBay is above that of Heritage.

 

Exactly what I hinted at in another forum earlier today. I am not trying to be controversial, but the subject comes up all the time on this forum. It seems that without relent a host of people swarm around the subject with "you cannot make money on coins" in order to dim the fire.

I have never tried to suggest coins are a secret gold mine waiting to be found by the every day person, but I know there is potential for value to be extracted, and the proof is everywhere.

 

I cannot verify your theory, but I can verify that deals do exist on Heritage, and other auction sites.

I primarily use Heritage, and DLRC. I have more luck with DLRC.

The key wherever you buy is to buy right. You have to make sure you don't get in a bidding war for something if it cannot pay off. The only time I would do this is for something I planned on holding for a long time. Honestly... right now I wouldn't do that for any coin, as I think rare coin prices may start to come down. The economy may shift buyer concentration to less valuable bullion coins, and common date pre-1933 gold coins. Sometimes the common Pre-1933 coins benefit from the gold rush mentality.

I also think now is a great time for coppers, which is why you are seeing price changes, and potential profit making opportunities in that area. I would not expect that ebay - hertiage one is cheaper than the other to persist, but rather for prices to continue upwards on both.

Proof Indians & Flying Eagles, and large cents are selling well on DLRC... so if you know where to get em cheap.....

 

One might say that the "Nouveau Rich" are the real soliciters of Heritage.com. Those with plenty of new money and are #1. Trying to keep up with the "Coin Collecting Jones." or #2. Trying to invest some of this new-found wealth based upon the (at times ill) advice of friends with best intentions at heart.

It's easy to tell an impressionable young Doctor, Lawyer, Professional Athlete, etc., to invest in gold Eagles, Buffalos, or whatever when the last time they (those providing the advice) purchased was decades ago when gold was $350 or so an oz.

Take Care
Ben

 

I have used them once... was surprised that my winning bid was exactly my high bid... plus the fee which caught me off guard. I'll use them again.

 

Slabbed or unslabbed, deals exist on all of the sites. On ebay you have to deal with pictures of raw coins that may or may not have been doctored with. The subtle color changes of silver alone can make the difference between a cleaned coined and one not cleaned. So first you buy the coin not the holder, know what you are bidding on and how much to bid. So it all boils down to a matter of opinion - me personally I use all the places. I have not looked on DLRC in a while, but will check it out.

 

The material isnt there Chris you and i have looked at it over the last year not even 50 coins compared to the few thousand us coins ( for my collection specifically) but eh god thing is i got the baltimore catalog today so hopefully i will get something interesting

 

Love the design of the site. Love the "MyCollection" area. Back when I actually had coins (and didn't have to sell them to put gas in my car:goof I used the site to catalogue my coins. Didn't like the hammer price I got, not to mention the buyers premium. So if you're on of the wealthy and got money it would be the site for you.