I purchased some high end coins from Heritage coins during an auction. Along with the invoice to pay for the coin there was an attached paper for one of the coins that said, "Free Auction Certificate. This certificate entitles . . . to consign this coin (Lot# 21890) at no commission to Heritage. Heritage also offers free verbal appraisals of your other coins and currency." I'm not sure why they picked this coin, but they aint gettin' it back! :mouth:
Thats really strange, as it's a bullion coin. I would think they MIGHT do that on a rarity, thinking it could bring more at another auction.......
You got me. I never got a note like this before. I've been buying bullion coins from them for years. First time for me. Juss wondered if any of you got a note like this in your purchases. I also wondered why they didn't tag some of the other high end coins I purchased on that same buy.
They always offer those certificates on coins above certain level, I think either $500 or $1000. So people can sell it at Heritage for free..
Well I don't know about that, I've been buying from Heritage for 6 years now and this is the first one I ever got. I was juss curious if anybody else got one? Does anybody else out there buy from Heritage?
The mint even calls these proof bullion coins. I understand what you are saying, but these are just the proof versions of the bullion coinage.
Heritage knows that, sooner or later, all my coins will be sold (maybe estate settlement, and probably long before). It's really good to know that I have a marketing option which is high profile and high end that will get good coins in front of top buyers - for free ! :smile One heck of a deal ! I have a lot of options for selling my coins, but Heritage will get a lot of 'em. All my best ones.
Heritage does this to most, if not all coins they sell and has been doing it for several years. Sometimes they give it to only the most expensive coin on the invoice and others times to all the coins on the invoice. It's really not worth anything as if you have any decent sized dollar value collection, you can negotiate better terms than 100% of hammer. You can easily get 105% of hammer with as little as a $50,000 consignment and as much as 108% with a moderate 6-figure consignment.
108% seems to be the upper end of what they will offer. You could probably negotiate something slightly better if it was an extremely high value collection or if it were only a couple of coins, but very high dollar value or true numismatic rarities (1804 $, 1913 5c, etc). Also, US coins seem to be offered better rates than world. You could also take the percentage offer, but get better perks like no buy back fees, bigger up front cash advance at better rates, etc.
