Hello, I bid on a 1905 peso on heritage auction. I could have sworn it was advertised as a straight serif variety and then it was removed from the description. Long story short, I bid on a coin I don’t want. What will happen to me when I don’t pay for it??
yes call them, a change in the description could mean a vast change in value. Cancel the purchase when talking and tell them why, that should keep your record clean with them. Welcome to coin Talk.
I bid on HA almost every week and unfortunately what happens if you don’t pay for a lot you won is that your account becomes ineligible for bidding on HA anymore. This is for a reason though. They can’t have people messing around placing bids and then changing their minds because it’s a huge hassle for them and for the seller. Imagine being a seller and seeing your coin sell for $2,000 only for HA to contact you and say that you’re only getting $1,500 because the top 2 bidders changed their mind. You’d be upset and possibly suspect foul play. This is why you have to agree to terms and conditions prior to placing any bids. ^— When you click that box agreeing to the terms & conditions you are agreeing in a legal sense to pay what you bid in the event that you win. However if the auction for the lot you bid on has not ended yet you might be able to contact them and retract your bid. I’m not sure.
It won’t hurt for you to call them. If you don’t pay and they don’t hear from you, I would think you’d be banned from all their future auctions.