Heritage High

Discussion in 'Coin Chat' started by Gregg, Sep 20, 2018.

  1. Gregg

    Gregg Monster Toning

    I like to go to Heritage Auctions and carefully examine their Peace Dollar offerings.
    I'll find something pristine in an MS66 or MS67 and then place a bid.

    My bids are usually about 30% of the going market rate for the coin in question.

    At any one auction I may have a couple of thousand dollars in bids and be winning... for a couple of days, only to get outbid to the tune of 3X my initial bid; however, that isn't what is important.

    The important thing is I get to pretend to be a high roller for a few days.

    Me? I'm a very serious collector of high end coins... why I've got thousands in bids out on Heritage Auctions as we speak.
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  3. Gregg

    Gregg Monster Toning

    Plus I get to live with the illusion that I'm going to pick up a 1921 Peace Dollar (MS65+ CAC) for $2.00.... for 2-5 days. (1)

    1: Not that I'd ever pay over $31 for a 1921 Peace Dollar.
    TheFinn and DUNK 2 like this.
  4. Oldhoopster

    Oldhoopster It seemed like a good idea at the time.

    I used to play that game back in the old, dark time before the internet. I liked getting auction catalogs from the major players, but paying for them was too expensive, so I would send in a few low ball bids which was usually enough to keep me on the mailing list. As a bonus, I would occasionally get something cheap. In addition, I still have the catalogs from the significant sales as part of my library
    dwhiz likes this.
  5. Seattlite86

    Seattlite86 Outspoken Member

    It's always fun to get in early on bids and see how long you can ride yours out. I have a bunch of low ball bids on eBay... sadly most are already outbid.
    toned_morgan likes this.
  6. When I see two identical coins ending at the same time, I bid a bunch of times on one hoping to draw attention away from the one I want.
    It never works so why do I keep doing it?
    calcol likes this.
  7. Kentucky

    Kentucky Supporter! Supporter

    "Hope springs eternal..."
  8. GoldFinger1969 likes this.
  9. Seattlite86

    Seattlite86 Outspoken Member

  10. Gregg

    Gregg Monster Toning

    I'm currently winning with $1 on Heritage Auctions for this beauty.
    Just think, in another month it could be mine!

    one.jpg two.jpg
    TheFinn, Santinidollar, ddddd and 3 others like this.
  11. physics-fan3.14

    physics-fan3.14 You got any more of them.... prooflikes? Supporter

    Yeah, I've totally bid on million dollar coins before. Many times.

    And I was winning for a while ;)
    GoldFinger1969 and Mainebill like this.
  12. DUNK 2

    DUNK 2 Well-Known Member

    My offer of $40 for each 1921 Peace Dollar (BU condition) bought at $31 still stands. :)
  13. Numismat

    Numismat World coin enthusiast

    Watch you actually win it on some technical issue. Got eem
    Gregg likes this.
  14. Conder101

    Conder101 Numismatist

    In the words of the guys selling common coins for thousands of dollars "but it only has to work once."
    geekpryde likes this.
  15. Gregg

    Gregg Monster Toning

    I'll tell my wife I have a standing offer to sell a coin I bought for $2 for $40.
    It will calm her anxiety over me buying coins.
    DUNK 2 and Numismat like this.
  16. DUNK 2

    DUNK 2 Well-Known Member

    Sounds like a strategy! Let me know if it works.
    Gregg likes this.
  17. Santinidollar

    Santinidollar Supporter! Supporter

    There’s one big online auction that typically has reserves. A few times, I’ve been the high bidder - but still the reserve was in place. I got an 1878CC Morgan and a couple of Peace dollars at nice prices when the reserves were lifted in the final minutes. It’s been a while, so I don’t know if it still can shake out that way.
  18. GoldFinger1969

    GoldFinger1969 Well-Known Member

  19. geekpryde

    geekpryde Husband and Father

    I do the same. @GDJMSP gave me a Gibb slap once for bidding on coins I don't intend on winning. I got like 10 "marker" bids on Great Collections as we speak.:D
  20. calcol

    calcol Supporter! Supporter

    "Insanity Is Doing the Same Thing Over and Over Again and Expecting Different Results." o_O

    Quote is often wrongly attributed to A. Einstein. Earliest known use was by an attendee at a AA meeting in Knoxville, TN and later reported in the local newspaper.

  21. LakeEffect

    LakeEffect Average Circulated

    Nice to see virtual Gregg re-animated in a zomby-thread.:zombie:

    Oh, and I have it on good authority* that A. Einstein was at that AA meeting in Knoxville, so....

    *Totally made that up
    Randy Abercrombie and calcol like this.
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