Heritage auction question

Discussion in 'US Coins Forum' started by The Abomidable panda, Oct 27, 2021.

  1. 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??
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  3. Aidan_()

    Aidan_() Numismatic Contributor

    Has bidding ended? Either way I'd reach out to HA and try to speak with someone ASAP.
    green18, Inspector43 and tibor like this.
  4. Southernman189

    Southernman189 Well-Known Member

    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.
    Penna_Boy and spirityoda like this.
  5. Treashunt

    Treashunt The Other Frank

    call them, & explain you don't want to bid on a changed description
  6. TypeCoin971793

    TypeCoin971793 Just a random guy on the internet

    Did you not look at the pictures of the coin at all??
  7. Gam3rBlake

    Gam3rBlake Well-Known Member

    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.
  8. Collecting Nut

    Collecting Nut Borderline Hoarder

    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.
  9. green18

    green18 Unknown member Sweet on Commemorative Coins Supporter

    I suspect OP was out bid.........hence his non-reply. Off the hook old fellow?
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