Anyone ever use Heritage Auctions? Is this legit?

I’m so afraid of scammers and phishing emails I want to make sure before clicking anything or responding.

Thanks!

 

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It is absolutely real, and I have both bought and sold coins using their "make an offer" feature.

 

This is a common Heritage activity. You should be able to verify it by going to Heritage's website (coins.ha.com) and sign-in.

Cal

 

Yep, sold a few things that way.

 

Many years ago I won a 1983 no S proof dime in one of their auctions. About six months later I got an email that someone was interested in buying it. So I ended up selling it for a few hundred dollars more than I paid.

 

I'm confused by the "Anyone ever use Heritage Auctions?" question. Did you not purchase this item from a Heritage auction? If you did, the "make offer" thing is automatic unless you opt out of it, and they automatically set an offer price at 50% more than you paid.

 

ya I did purchase it but I thought maybe it’s like how I also use Amazon yet still get fake scam emails pretending to be from Amazon.

 

You will probably see the offer if you go to Heritage's site the old-fashioned way (type the URL in your browser) and login. Not clicking on links in emails when there is an alternative way of accessing an account is always a good practice. That said, I'm not aware of anyone spoofing Heritage. There's still a pretty target-rich environment for Ămąɀöȵ

 

Not sure where to post this question..
Isn't Heritage Auctions premium rather high.?
If you win a bid that is 1000, the premium is 20%
So the item will cost you 1200, plus state tax if applicable.
Kind of high if you ask me.

 

Yes 20% is high and their minimum for cheaper coins is $19 whereas GC is $5 and 12.5%. You just have to bid accordingly.

 

20% is standard for most U.S. auction houses now except for Great Collections which can be as low as 10% if you pay by check or direct bank transfer. European auction houses mostly charge 20%. Some are higher and some can be as low as 6% for certain types of internet only auctions. Japanese auction houses usually charge less than 20%; some as low as 11%. Mike

 

i always take that stuff into account when I place my bid.

so if I was willing to pay $1200 for a coin I make sure my bid is no higher than $1,000.

If a coin was worth $1200 I wouldn’t actually bid the full $1200 on it though for sure.

 

Yes I see that Stack's is also 20% with $25 minimum. I guess I think HA is high because they used to be 15 or 18% (can't remember). You also have to watch out for the increment brackets at various sites, and HA's brackets change when the auction goes live.

 

The unfortunate thing about international orders is imposed tariffs, Bah-Humbug!

 

Wow, long time no see...uh, hear....uh read. How are you?

 

I have participated in Heritage Auctions many times and have used their “make an offer to the owner” several times. Many great coins are consigned to them, but don’t expect to get many bargains. The competition in the auctions is stiff, and you will often pay top dollar.

The 20% buyers’ is par for the large sellers. As someone else mentioned, Great Collections can be as low as 10%. Some buyers, whom I call “yahoo bidders” act like it’s not there. When I was a dealer, I wish I could have added 20% to the bottom of each invoice!

 

The only thing I would like to mention is that sometimes you have to go where the coins are. I LOVE Great Collections but they are just one source. People can hate Heritage all they want. It is a simple fact that they are one of the largest sources for choice original coins. I do lose there more often than I win because in my circumstances I not only have to add the 20% but I also add 14% for all the fees and taxes I have to pay. This puts me at a disadvantage bidding but allows me to sleep more peacefully.
I have had a few people contact me about buying coins I own but it has never worked out. They wanted coins I also still wanted so I know little about how it works. James

 

Heritage has raised their buyers’ fee on coins from 15 to 18 and then 20%. Stacks’ and Heritage raised their rate at the same time. Draw your own conclusions.

Heritage charges 25% on political items. Add in my state sales tax, and the rate is over 33%. I almost never bid in Heritage political items auctions because of that. The item has to be very special to get me to bid.

 

I got taken by surprise by sales tax on a Woods halfpenny or farthing purchased from Stack's not long ago. Not officially a coin, so subject to my 10% sales tax.

 

I’ve heard they are okay but I’ve never used them.