If you’ve used Heritage Auctions : Is this a scam?

I think you made a great decision. Beautiful coin. Jim

 

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You're right, the examples I'm talking about have higher relief, better strike and better centering, and don't have a plastic tomb around them.

 

I doubt it. If that was the case the person who made an offer on mine would’ve bought one of those instead.

You’re probably just misidentifying them as high relief.

In order to be better than mine they’d have to be Choice MS or Gem MS and there’s only a few such coins all of which are $5000+ easily.

Grading Ancient coins is difficult though so I don’t blame you for misidentifying them as better strikes.

The coins that are really better strikes with higher reliefs are coins like this and they sell for quadruple the price of mine or more.

 

Thats another example of someone buying the holder and not the coin. You can still find much better examples than that, unholdered, for less than 1/3 of the price. I'm no expert by any stretch of the word for ancients, but I do have enough experience to determine quality of strike, centering, style, relief, etc. My coins aren't the best of the best, but I'd consider them pretty high quality and of above average eye appeal for each of their respective types, mostly.

What I can also tell you is that there is a disconnect between slab collectors and experienced ancients collectors and there's currently some arbitrage between the experienced and inexperienced in the market. If you disagree with these statements, then we will have to just agree to disagree.

 

Thanks Jim

I would’ve sold it if I was a coin dealer or something but I buy coins for my collection to enjoy and if I flip them for a profit I’ll end up not having a very good collection.

 

That may well be true as I regret several of my earlier sales. Sometimes its extremely difficult to find a better replacement.

Don't break it out of the plastic as it provides protection as well as identity if stolen. I could never see why it is such a problem for some. GL Jim

 

Oh yeah for sure I actually like having it in a slab because then I can let friends & family hold it and look at it without being worried about them dropping it or getting finger oils on it.

Especially my nephews. They are 3 and 5 years old and they just started collecting state quarters (might as well start with cheaper stuff).

Not to mention HA says that they have to be in the same holders as they came in or all offers made on it are void. Which I understand.

 

Success! This offer was rejected.

????? How is that a "success"? The guy making the offer didn't get it, the owner of the coin doesn't get an immediate profit, and Heritage doesn't collect another 10%. So who had a success?

I belive it is pretty much automatic. Whenever a coin sells at auction it shows up after the auction as "Make an offer". It doesn't really cost them anything and they got the sellers fee, the 20% buyers fee, and then if the buyer agrees to an offer they make another 10% fee for an autogenerated email.

 

I think it means “success” in the sense that the rejection was successfully acknowledged and processed.

 

From what I can see, only some coins have the offer option. I haven't opted out of anything with HA, but I also wouldn't be able to see if there is the option on any of my coins.

 

The coin is very nice. Unless you need the money, why sell it? Keep it and enjoy it.

 

Thanks . Yeah I already rejected the offer even though I could’ve made a decent profit of 35%.

I like the coin and I just got it last month and I don’t want to give it up.

If I was a coin dealer I would’ve happily sold it but I’m trying to collect not make a profit buying and selling xD

 

That's a beauty of a coin. If the item is of higher value, that's great. If I were you, I would think back to why I purchased it, that alone should help in your decision... It's definitely a keeper, either way, you would be the winner!

 

Good point on the counter offer.

 

It may be legit if you can determine their undisclosed caveats prior to forfeiting both payment funds and purchased items.

I've a life-time ban by Heritage, after consummating complete contracts with them, and they changed their terms. I let them exact numerous legal contract violations, as they had done previously, before recording believed violations of state/federal laws. I probably was one of their premier Classic U.S. Gold buyers, initially upon their entry into Numismatic auctions, before they changed practices. I waited more than a decade to again challenge "bait/switch" practices (e.g. agreeing to meet/accept a large lot in sellers local, before demanding an unsigned shipment to their outstate location, accepting a 5 digit complete offer, before an extensively greater billing, etc.).

They're very creative in using practices that may seem logical under certain conditions which may require extensive efforts to disprove.

CAVEAT EMPTOR!

JHHO

 

It's legit. I've bought a number of coins from Heritage over the years and I did receive offers through their system that someone was interested in coins I own. The problem with it is I was receiving random offers often on coins I had no intention of selling because they were core coins in my set. So I went into their system and set up the coins I bought from them as "not taking offers". Problem solved.

 

I know nothing about these, but going by your description it appears eastern issues are more desirable.

What about this one shows that it is an eastern issue?

Looking at the insert NGC isn’t really positive, saying it is perhaps an eastern issue.

 

I would say the vast majority of people buying Owls are buying for type and aren't much concerned about imitation vs original issue as long as the quality and style is good. I would guess most are buying as a type to fill that iconic type spot. There are certainly some specialists looking for different imitations for a set, but I would imagine thats not much the case as a whole for who are buying these. I wouldn't personally assign much added value to a "potential Eastern imitation". But thats just me, and I don't represent the market as a whole.

 

Do you happen to know if offers are locked in?

Like if I place a bid on an auction item at HA I am contractually obligated to follow through and pay if I win the auction.

Is it the same if someone makes an offer and it’s accepted? Or can they just change their mind?

Just curious if maybe it was a non-serious bid or not.

Because there’s nothing io stop someone from offering $10 million on coins like mine if they know that they don’t have to go through with paying it.

 

It would be gone if it were mine. I'd have fun replacing it immediately...and adding another coin to my collection with the profit.