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

Well everyone has their own thoughts and opinions .

I like it and wouldn't want to replace it with a different coin or a lower quality owl just to net a profit. Especially since I only got it a month ago.

I'm sure I will get other offers on it in time as well and maybe one will be an offer I can't refuse .

 

Log in or Sign up to hide this ad.

Well guys..I rejected the offer last time.

& someone bid on it AGAIN!

The first offer was $2,250 and this one is $2,363.

I’m so confused about why someone is so persistent in getting
this coin.

 

Blake someone really wants your coin. If you want to stop it you need to go into the Heritage site and go into My Heritage. You need to sign in first. it's located in the upper right section of the site. Click My Heritage and go down to My Collection. Click coins. That will bring you to all the coins you have bought. Find the coin in question you should see something indicating taking offers. I think if you right click it you should get the option to stop taking offers. I have mine set up that anything I buy I'm not taking offers. Let me know how it goes and good lock. If you leave it as is you will continue to receive offers. When your ready to sell you can switch it back.

 

Thanks for that! I didn't know I could turn off offers for individual coins. I thought I had to choose between accepting offers on everything or nothing at all.

I'm definitely going to go turn the offers for this coin off so I don't get tempted and end up selling it only to regret it later :/.

 

It's an ok option but, when I started getting offers for coins I no longer had that's when I switched every coin to not taking offers. Problem solved. It is a good feature but, like you getting offers for a coin you just bought is a little to much. By the way you have a very nice coin. I wouldn't want to sell it either.

 

That makes sense. I probably would've run into that issue eventually but I didn't even consider that some people may not have the coins they bought on HA anymore because I just started buying on HA this year and still have everything I bought.

I checked it out and apparently you can also set a minimum price so what I did was set it to $10,000 since no one would be that crazy and if they were I would be thrilled to get $10,000 for it and use the money to go buy a nice denarius of Julius Caesar, Caligula and Augustus xD.

Thanks for the coin compliment . It's the most expensive coin I've ever purchased (followed closely by my 1799 Draped Bust Dollar) and it's my favorite coin as well so I feel like I have a sentimental attachment to it.

However if I was a coin dealer and someone sold me it for what I paid and a customer offered me what this person is I would definitely do it and take the $863 profit on a $1500 investment.

I know that "sentimentality" doesn't add any value to the coin but it certainly makes it harder to part with.

But I also don't think it's my coin specifically that the person wants because I found a page where you can see which coins have had offers made on them today and it appears that they are making offers on at least two dozen different MS Athenian Tetradrachms as well as an equal number of those cool tetradrachms with Alexander the Great as Hercules on the front.

Maybe it's just some really really rich collector who is trying to collect as many of them as they can and corner the market?

NGC says there are 2,278 Athenian Owl tetradrachms graded MS or better and it seems like with such a small number it would be relatively easy for a very wealthy person to corner the market for them.

$2,400 x 227 = $522,000 to own 10% of all graded MS Athenian Tetradrachms which is certainly something a wealthy person could afford considering that wealthy people pay much more than that for a single coin on a regular basis.

 

If you like the coin, keep the coin. You can always sell it down the road. No pressure.

 

Yeah I love it and I am keeping it.

I’m just wondering if anyone happens to know why I’m getting offers way above what I paid.

Has the market for Athenian Tetradrachms gone up that much in the last month?

I’m still a beginner at collecting Ancients and I was hoping someone more knowledgeable could provide any information they had.