Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
If you’ve used Heritage Auctions : Is this a scam?
>
Reply to Thread
Message:
<p>[QUOTE="Gam3rBlake, post: 7734761, member: 115909"]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.</p><p><br /></p><p>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.</p><p><br /></p><p>Thanks for the coin compliment <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" />. 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.</p><p><br /></p><p>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.</p><p><br /></p><p>I know that "sentimentality" doesn't add any value to the coin but it certainly makes it harder to part with.</p><p><br /></p><p>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.</p><p><br /></p><p>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?</p><p><br /></p><p>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.</p><p><br /></p><p>$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.[/QUOTE]</p><p><br /></p>
[QUOTE="Gam3rBlake, post: 7734761, member: 115909"]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.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
If you’ve used Heritage Auctions : Is this a scam?
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...