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Teletrade is still using hidden reserves!
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<p>[QUOTE="mark_h, post: 1457719, member: 3726"]Interesting thread. Never been a winner on one where the auction went unsold. Always in the past I would place a bid and forget it - I ended up(and still do) losing most of them. I personally like Heritage better - while not perfect they seem to be better than tt - in my opinion only. I do think a couple of times the automatic bidder got me to my maximum(seemed oh so slowly) - then it bid again and I lost. I don't have a problem with tt - but I look at it as having to bid retail. At least on the things I collect.</p><p><br /></p><p>On a side note I had a consignment with Heritage and signed all the sellers agreement. There were a few scary things it it, but nothing I could not live with. The only thing in the agreement I did not like was - they get to decide what is the right auction environment. So I thought all of my coins were going into the long beach sale - nope. 55 went to long beach and about 22 went to the Sunday - Tuesday auctions. At first this bugged me a little - but then I looked closer and the 22 coins make maybe 10% of the total cost. These 22 are very common date items or lower grade items. At this point after the long beach sale I am more than pleased with the results so far - will have to see at settlement time. There are conditions in the agreement around settlement. PS - In order to set a reserve I needed to let Heritage know 14 days in advance of the auction and in writing.</p><p><br /></p><p>I can also tell you at no time did I know who bid or what the max bids were. The only thing I could see are the current bids. I have never consigned to teletrade so I do not know if the process as easy as it was with Heritage. I had someone assigned to me to work with - and yes I did ask a few silly questions at the start. The gentleman was very patient with me and very friendly. The only thing I would do different next time is to ask them to tell me which auction they think the coins would go into. Just so I knew up front.[/QUOTE]</p><p><br /></p>
[QUOTE="mark_h, post: 1457719, member: 3726"]Interesting thread. Never been a winner on one where the auction went unsold. Always in the past I would place a bid and forget it - I ended up(and still do) losing most of them. I personally like Heritage better - while not perfect they seem to be better than tt - in my opinion only. I do think a couple of times the automatic bidder got me to my maximum(seemed oh so slowly) - then it bid again and I lost. I don't have a problem with tt - but I look at it as having to bid retail. At least on the things I collect. On a side note I had a consignment with Heritage and signed all the sellers agreement. There were a few scary things it it, but nothing I could not live with. The only thing in the agreement I did not like was - they get to decide what is the right auction environment. So I thought all of my coins were going into the long beach sale - nope. 55 went to long beach and about 22 went to the Sunday - Tuesday auctions. At first this bugged me a little - but then I looked closer and the 22 coins make maybe 10% of the total cost. These 22 are very common date items or lower grade items. At this point after the long beach sale I am more than pleased with the results so far - will have to see at settlement time. There are conditions in the agreement around settlement. PS - In order to set a reserve I needed to let Heritage know 14 days in advance of the auction and in writing. I can also tell you at no time did I know who bid or what the max bids were. The only thing I could see are the current bids. I have never consigned to teletrade so I do not know if the process as easy as it was with Heritage. I had someone assigned to me to work with - and yes I did ask a few silly questions at the start. The gentleman was very patient with me and very friendly. The only thing I would do different next time is to ask them to tell me which auction they think the coins would go into. Just so I knew up front.[/QUOTE]
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Teletrade is still using hidden reserves!
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