What is the general sense from a Seller's standpoint of Heritage vs Teletrade? I believe both charge ~17.5% one way or another (either as a Seller's Premium or Buyer's Premium), but in terms of realized prices and overall visibility is there much of a difference?
I don't know about Teletrade, but I just contacted Heritage to ask them their seller terms and they replied that they will not take my lots unless I send them a minimum of $5000 worth of coins to sell. I was surprised by that.
As to visibility, they are both looked at by a lot of people, but not necessarily the same people. So choosing which one to use kind of depends on what it is you have to sell. As for realized prices, that always depends on the coins. Some might do better on Teletrade, some might do better on Heritage. Some might do the same on either.
Thanks GDJMSP. I have the following I am contemplating selling: 1850 $20 XF45, 1865S $20 AU55, 1884-CC $20 MS61, 1908 No Motto $20 MS63, 1878-CC Morgan MS65, 1884-CC Morgan MS65 DMPL. And possibly a Marcus Aurelius AV Aureus RIC-20 specimen which has been holed 2x, and is unslabbed. Any advice?
I agree with Doug. They both have their followings, and realized prices can be good for the seller on both. It really depends more on the particular coin, than which auction service one uses. When I have bought from big auction houses, I tend to favor DLRC over Teletrade and Heritage. When I sell, I tend to do it very privately, among people I have known for years.
No question, those coins I would send to Heritage. I know nothing about ancients, but you'd probably have better luck selling that privately.
That's to start, they need to be graded by a reputable TPG and there is the sellers fee (negotiable) to deal with. This gets rid of the bottom of the barrel coins and sellers this way. They are an auction house, not a clearing house. I say that without any implication about you or the coins you are selling. It's just their way of doing business.
Small problem, most of his coins sell for several thousands of dollars, each. Go with Heritage, you need high end buyers and that's where you'll find them.
Tim don't confuse buyers and sellers fees. I'm not sure what the sellers fee is for Great Collections, but the sellers fee at Heritage is negotiable and can vary from 10% to -5% depending on the size, value, and prestige of the consignment, and the negotiating skill of the consignor. The BUYERS fee at Heritage is 17.5%
