My experience with these auctions is pretty much limited to graded Peace Dollars. What I've noticed recently is that the number of coins to select from on a week-to-week basis (Sunday auction) is MUCH lower than what it used to be (in the relatively recent past). I'm curious about what others are seeing with other coins on these sites. Is what I'm seeing the result of fees charged by these sites?
Most likely your expectation of number of coins available was based on a number of massive collections that came to market in 2013/2014 at both these Auction Houses, Newman comes to mind. So, what may seem like a dry spell to you may actually be closer to the norm. Of course, there are other collections soon coming to market, like the Pouge Collection. So make sure to keep your powder dry.
Yes, their bins must have been populated with coins from extensive collections in the past. I notice that, too. I've seen lots of really primo non-U.S. coins in their archives from 2005 to 2011.
Been pretty dry especially for quality much good had high reserves and any thing worthy with good original color or great toning brings a high premium
Yet - both auction houses (as well as those in Canada) seem to be flooding the market with error coins... collectors and dealers trying to ride the popularity wave...
speaking of stacks, I won a couple coins on their most recent auction, but cant figure out how to pay for them. any help?
Oddly enough, there is a bit of grumbling on the bourse floor at most major shows about how many coins are for sale within the auctions associated with the shows. It ties up money spent and potential money spent.
When the invoice is ready it will be under My Orders in your account with an option to view/pay the invoice, suspect they may not have issued the invoice yet due to the holiday on Monday.
The same is happening in Europe: with every mayor coin show, there is an auctionhouse who has an auction just after it. Funny thing is though that collectors tend to pay much more at an auction for a coin which they could have had cheaper at the show.
Once you receive the invoice, you will need to call them to arrange payment. You do not have an option to pay online. At least I don't remember that option. The last invoice I had was large enough to require funds being sent and wasn't available for a credit card. Forgot to add, Heritage weekly inventory has indeed become sparser. I can't speak for Stack's as I've only just started bidding at their auctions. My guess is that a lot of the material that was going to both these houses has been redirected to Great Collections. From what I've heard, GC has more favorable terms for the small sellers.
I bought a few coins through Great collections about a year and a half ago and lately I have noticed they list a lot of coins with Details labels. It seems that it is the place for dealers and collectors to unload the coins they can not sell anywhere else.
One of the great chasms in understanding the market from a dealer vs. collector perspective is that all these auction venues are looked at as dumping grounds by dealers whereas many collectors view them as fresh material. Please note that I am not stating that every coin in each auction from each venue is somehow inferior or had to be dumped; rather, I am writing that these venues are used very frequently be dealers to get rid of inventory that they cannot sell.
Very true with perhaps one exception, major collections. Auctions are the best format for disposing of major collections all at once or in two or three sessions, otherwise it could take years to liquidate them.
GC may have a lot of "details" coins, but they have a ton of great numerically graded TPG material too. Usually a few hundreds CAC coins at auction per week, and thousands of other coins. GG is a fantastic site for finding coins IMHO.
Yeah, but it's not just dealers that unload coins at auctions companies, normal people can too. I have never sold there, but I have talked with Ian via email quite a few times. They make it easy for the little guys by submitting to NGC/PCGS, and CAC, and imaging the coins, and they have a wide user-base willing to bid. So, there may be alot of "Dreck", but there are alot of great coins to be had, not just by collectors, but by dealers too. Many dealers buy at HA / SB / GC to stock up, not just unload.
I did not say or mean to imply that Great Collections did not have very many nice coins, they do. It was just an observation that there seems to be much more problem coins on their site now than before.
From the Heritage Auction website. . . . Announcement: Sunday & Tuesday Internet Coin Auctions and Weekly World and Ancient Coin Auctions move to Heritage Live! Our Weekly Internet Coin Auctions and World and Ancient Coin Auctions are closing with live, online auctions on HA.com's Heritage Live! platform beginning with the Internet Coin Auction that ends Sunday, September 21st and the World and Ancient Coin Auction that ends on Thursday, September 25th. Each lot is offered one at a time, in lot number order, in live auctions beginning at 8:00 PM CT. During this part of the auction, live bidders will be on Heritage Live! competing with each other and with previously placed Internet bids. The lot opens, requests live bids, and then closes when the bidding is finished. There is no change in how you place your secret maximum bids during the week the auctions are open on HA.com. In addition, once bidding on HA.com ends, 2 hours before the live sessions start, you still have the option to leave proxy bids through Heritage Live! For more information about Heritage Live!, please visit HA.com/live. If you have any questions about this exciting format change, please contact us at 800-872-6467 or Bid@HA.com.
