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<p>[QUOTE="Cringely, post: 1334911, member: 22271"]I have used Heritage for buying coins (primarily Bust halves) with decent results.</p><p>The main thing about Heritage is that it is the Costco of coin auction houses (I would have said the WalMart of coin auction houses, but I didn't want to imply any Chinese connection). While they promote their sales of famous collections (<i>e.g.</i>, Walt Husak's large cent collection), the vast majority of their coins are from collectors like you and I. The advantage of being physically present at their sale is that you can preview the coin in person. My personal experience is that the photographs, while quite good, don't tell the whole story. Only by examining the coin, preferably with a 7-10x loupe, can you gauge the true value of the coin and determine what your upper limit for bidding should be.</p><p><br /></p><p>If you are selling, Heritage will charge you, not only the (I believe it is) 5% seller's fee, but also the cost of slabbing the coin. And, unless you have a well known collection that will hammer at many hundred's of thousands of dollars or individual coins that will go for near or well above $10,000, don't expect much more than an standard ("canned") description of your coin. My experience with Heritage is that they push quantity. Knowing this, and seeing the coin(s) in person, can allow you to cherry pick items where the coin's description is lacking in descriptive information.</p><p><br /></p><p>That said—for early copper—any Heritage description where an equivalent grade is marked as MKB-##, you can assume that that grade is solid and meets the much more rigid standards of the Early American Copper (EAC) grading standards. (the MKB stands for Mark Borckardt - Heritage's copper expert).[/QUOTE]</p><p><br /></p>
[QUOTE="Cringely, post: 1334911, member: 22271"]I have used Heritage for buying coins (primarily Bust halves) with decent results. The main thing about Heritage is that it is the Costco of coin auction houses (I would have said the WalMart of coin auction houses, but I didn't want to imply any Chinese connection). While they promote their sales of famous collections ([I]e.g.[/I], Walt Husak's large cent collection), the vast majority of their coins are from collectors like you and I. The advantage of being physically present at their sale is that you can preview the coin in person. My personal experience is that the photographs, while quite good, don't tell the whole story. Only by examining the coin, preferably with a 7-10x loupe, can you gauge the true value of the coin and determine what your upper limit for bidding should be. If you are selling, Heritage will charge you, not only the (I believe it is) 5% seller's fee, but also the cost of slabbing the coin. And, unless you have a well known collection that will hammer at many hundred's of thousands of dollars or individual coins that will go for near or well above $10,000, don't expect much more than an standard ("canned") description of your coin. My experience with Heritage is that they push quantity. Knowing this, and seeing the coin(s) in person, can allow you to cherry pick items where the coin's description is lacking in descriptive information. That said—for early copper—any Heritage description where an equivalent grade is marked as MKB-##, you can assume that that grade is solid and meets the much more rigid standards of the Early American Copper (EAC) grading standards. (the MKB stands for Mark Borckardt - Heritage's copper expert).[/QUOTE]
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