Last night, I happened upon a great deal, a leftover from a recent Heritage auction that hadn't sold during the auction and had a "Buy Now" option. I read all the terms and conditions carefully and hit a button labeled "Buy Now". I then received a message saying "We have received your After Auction Purchase email concerning your interest in the following item... Lot #xxxx Note: This transaction is subject to our Auction Terms and Conditions. Your offer on this lot has been received. There is no guarantee that your offer will be accepted by the consignor. " Interestingly, after I hit "Buy Now", the auction was listed as "Not Sold Ended May 9, 2007" I thought I had bought the item, not just expressed "interest" in it. Has anyone had experience with this option on Heritage? What's the likelihood that I'll get it?
it sounds like Heritage will let the 'consignor' know, and if they agree, will let you have the item for the buy it know price .... good luck
I've never used that feature. I'm a little surprised as well. I thought "buy it now" meant "buy it now". Silly me ! Makes me wonder how the "buy it now" price got set in the first place. Surely it is a price acceptable to the owner ! I do know that there is a "make an offer" feature, which of course must be approved by the consignor. But that's a different deal altogether. I'm only guessing, but I think you'll score. Did they say when they will respond ?
it might only be an issue since he used the buy it now feature after the auction was supposedly closed?
The email said they would let me know between 24 and 48 hours after the post-sale ended (which was yesterday AM at 8:00AM). True to their word, I received notice today that I won the item. Here it is. I'm very excited about it.
Thanks for all the congrats. I first heard about this coin on the playground in elementary school and it's always been kind of a "holy grail".
Very, very nice! Congratulations on your new purchase! I don't think you can go wrong with one of those!
It is my understanding that the notice you received is so that they have time to pull the coin and make sure than it hasn't been sold over the phone already. The "Buy it now" price on unsold items is the reserve price of the lot, so it's not a matter of contacting the owner, but a matter of confirming that it hasn't already sold and the website isn't just behind.
That makes sense. The coin did have 3 bids, so it makes sense that it didn't sell because they were below the reserve price. I couldn't find this explanation anywhere, but I may not have known where to look.
Great looking coin!!! I guess from your post you got one heck of a price for it!! Mine is in VF20 and is one of my favorite coins in my collection!!! Speedy
