Heritage auction

Discussion in 'US Coins Forum' started by ML94539, Jan 10, 2008.

  1. ML94539

    ML94539 Senior Member

    I was watching their auction live, almost all the lots are selling for over $10k tonight, with a couple selling for well over $100k, where does people get the money to buy?
     
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  3. Hobo

    Hobo Squirrel Hater

    I was watching a coin that I would have gone as high as $2,000 on. It sold for $2,000 but with the 20% buyer's fee that made the total $2,400 (20% higher than I wanted to spend).

    How would you like to pay a 20% buyer's fee on those $10k and $100k coins? OUCH!
     
  4. ML94539

    ML94539 Senior Member

    I thought they charge 15% unless buyer buy though ebay? Still fee is high... I tried to bid on 15 lots, got outbid on all exept for 2.
     
  5. Hobo

    Hobo Squirrel Hater

    Maybe it is 15% at the live auction. The fee was 20% for the coin I was watching on eBay. Perhaps the additional 5% is so they can pay eBay and still get their 15% fee.
     
  6. rlm's cents

    rlm's cents Numismatist

    Hobo, why were you watching on eBay. If you join Heritage you could watch it there and saved $100. Buyer's premium is only 15% from their site.
     
  7. ML94539

    ML94539 Senior Member

    On some of the ebay closed auction final sale price is not accurate, it seems a lot of the lots from either ebay gets outbid by floor bidder. And the ebay closed auction result doesn't seem to reflect the bid by floor bidder. That was observation made after prior action.
     
  8. spock1k

    spock1k King of Hearts

    its easy dilithium mines from planet vulcan ;)
     
  9. spock1k

    spock1k King of Hearts

    u r killing me hobo y would u do that. never ever bid on any of thes elive auctions through ebay you are selling yourswelf short just go straight to the horses mouth you will be happier that way
     
  10. Hobo

    Hobo Squirrel Hater

    I know. Just lazy I guess. I am registered with Heritage but have never bought anything through them yet. The coin I wanted would have still been $300 over my budget if I had cut eBay out of the deal.
     
  11. spock1k

    spock1k King of Hearts

    yeah my 2 cents is always stay under your budget no matter how nice a coin a better or equally good opportunity will always come along. which coin were you going after ?
     
  12. Hobo

    Hobo Squirrel Hater

    Proof 1870 Shield Nickel. A nice looking coin. Plus I liked the broken letters on the reverse.
     
  13. spock1k

    spock1k King of Hearts

    i am looking for the rays nickel those guys dont have a good one :(
     
  14. Hobo

    Hobo Squirrel Hater

    Are you looking for the '66 or '67? :)
     
  15. spock1k

    spock1k King of Hearts

    i saw the 60k+ one and no i didnt like that coin :D
     
  16. spock1k

    spock1k King of Hearts

    66 if i can otherwise 67 but has to be high quality :)
     
  17. Hobo

    Hobo Squirrel Hater

    Let's see . . .

    Grey Sheet for 1867 Pr-65 Rays Shield Nickel is $64,000/$70,000. The crappy 1866 Pr-65 is only $2,825/$3,075.

    Yeah, I'd hold out for a really nice '67 Rays.
     
  18. spock1k

    spock1k King of Hearts

    you kno w ilove crappy coins and i always told everyone i had a humble collection i might not even spend 3k go down a to 64 maybe a 63 and get rid of the pf ;) the copromises one has to make these days :D
     
  19. Hobo

    Hobo Squirrel Hater

    It doesn't hurt to dream.

    I'd love to have a nice MS-65 1853 Seated Lib Half Dollar with Arrows & Rays. (Grey Sheet = $16,500) There's something about coins with rays that is very appealing. If I really had to I may be willing to step down in grade to a MS-64. (Grey Sheet = $5,500)
     
  20. spock1k

    spock1k King of Hearts

    what happens if you go down to a 60?
     
  21. Hobo

    Hobo Squirrel Hater

    On the '53 Half W/ Arrows & Rays?

    $1,150
     
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