Can I assume any coin that is not re-offered is a dealer purchase placing a coin in a client's collection. Only time I've ever had offers accepted has been on Ebay.
I think it is very unhelpful to both buyer and seller. It takes way to long to get a response in today's connected world. Also, there is no negotiation process... Heritage should lower there cut for these type of things also..
I was on the flip side of this. Got an offer out of the blue on a Heritage coin I bought at a Signature Auction years before, and sold it at the price offered. Heritage got 10% of the gross. Made money on the coin.
"Vou invadir o Nordeste, "Seu cabra da peste, "Sou Mangueira......."
I found a coin from 11 years ago that has Make an Offer enabled that I was going to jump on today, but then I saw the very same coin (same cert number) sold about 7 years ago without Make an Offer. I'm asking myself if it's still worthwhile to make an offer?
I have purchased a couple of items that I missed at auction right after the sale. I agree with @TommyType that a lot of the coins aren't really for sale and it is annoying that Heritage hasn't fixed it yet.
I received an offer a couple days ago on a coin through Heritage and rejected it. The system does get to the owners but some people won't sell for (in my case) just a 17% profit on something they enjoy.
Learn about our world's shared history told through the first millennium of coinage: Colosseo Collection
@SmEagle1795 said:
I received an offer a couple days ago on a coin through Heritage and rejected it. The system does get to the owners but some people won't sell for (in my case) just a 17% profit on something they enjoy.
While some pieces are held strong, others may be more welcome to be let go. It might be good to be like eBay and have a minimum offer under which rejection is automatic.
Similar to TomB, I've made over 50 offers, never had an offer accepted, even when I have offered the full price or extended the price higher. Only received only one or two responses, very frustrating.
I have never had success making an offer. I have sold quite a few to others. I like the service and am glad they do it. You can opt out if you are not interested and it is free until you sell a coin. I am glad they do it!
It appears to me that the majority of the Lincoln Cents I am interested in were bought at reasonable market prices by a flipper who thinks the auction price from several years ago is still the current market value and therefore he should get what the coin sold for back then.
WS
Proud recipient of the coveted PCGS Forum "You Suck" Award Thursday July 19, 2007 11:33 PM and December 30th, 2011 at 8:50 PM.
FYI. My understanding is all sales final. There was a return option at one time but that changed a few years ago. I have purchased a couple coins this way. But mostly just crickets when I make an offer
I have bought coins that way and I have been rejected others. My favourite was I put an offer in a coin that was rejected then, and later on, about 4 or 5 months later bought the same coin on eBay for about 40% less than my offer...
I had an offer a while back I would have accepted but I had sold the coin. I happen to have a dead ringer for it...same grade,look, etc. So I replied back with pictures and never heard a word. I figure heritage didn't want to waste their time for $80.
I don't know any other company, especially auction companies that have that type of offer system. Why do they have it if it is so unpopular? I have always treated coins as a means to an end, don't want to fall in love with any collectible. If people can take a quick profit why not unless it is really special or has sentimental significance?
@logger7 said:
I don't know any other company, especially auction companies that have that type of offer system. Why do they have it if it is so unpopular? I have always treated coins as a means to an end, don't want to fall in love with any collectible. If people can take a quick profit why not unless it is really special or has sentimental significance?
I do not think is unpopular. I have bought few coins that was, and I am positive others have done the same. That is just a way for Heritage to make $ and for dealers or collectors to have a window for their coins if they want to sell them. I really like it.
@Zoins said:
I found a coin from 11 years ago that has Make an Offer enabled that I was going to jump on today, but then I saw the very same coin (same cert number) sold about 7 years ago without Make an Offer. I'm asking myself if it's still worthwhile to make an offer?
I couldn't resist making an offer for more than double the price from 11 years ago, which is more than the price from 7 years ago. Let's see what happens in 72 hours
Comments
Can I assume any coin that is not re-offered is a dealer purchase placing a coin in a client's collection. Only time I've ever had offers accepted has been on Ebay.
What he MEANT was "Hey buddy, we'll get it for you if we have to hold the owner at gunpoint."
I think it is very unhelpful to both buyer and seller. It takes way to long to get a response in today's connected world. Also, there is no negotiation process... Heritage should lower there cut for these type of things also..
Never has any luck with it so forget it
I was on the flip side of this. Got an offer out of the blue on a Heritage coin I bought at a Signature Auction years before, and sold it at the price offered. Heritage got 10% of the gross. Made money on the coin.
"Seu cabra da peste,
"Sou Mangueira......."
I found a coin from 11 years ago that has Make an Offer enabled that I was going to jump on today, but then I saw the very same coin (same cert number) sold about 7 years ago without Make an Offer. I'm asking myself if it's still worthwhile to make an offer?
I just bought a very rare variety via Make an Offer a few weeks ago. Only time I've used it.
What is now proved was once only imagined. - William Blake
Not in their auctions unless things have recently changed. I won't tell you how I know that, but I do know that 100% for a fact.
I have purchased a couple of items that I missed at auction right after the sale. I agree with @TommyType that a lot of the coins aren't really for sale and it is annoying that Heritage hasn't fixed it yet.
Out of the approximately 10 times I've tried, I've only gotten one response.
Great transactions with oih82w8, JasonGaming, Moose1913.
Were you successful?
I received an offer a couple days ago on a coin through Heritage and rejected it. The system does get to the owners but some people won't sell for (in my case) just a 17% profit on something they enjoy.
While some pieces are held strong, others may be more welcome to be let go. It might be good to be like eBay and have a minimum offer under which rejection is automatic.
Yes.
Great transactions with oih82w8, JasonGaming, Moose1913.
Similar to TomB, I've made over 50 offers, never had an offer accepted, even when I have offered the full price or extended the price higher. Only received only one or two responses, very frustrating.
I have never had success making an offer. I have sold quite a few to others. I like the service and am glad they do it. You can opt out if you are not interested and it is free until you sell a coin. I am glad they do it!
It appears to me that the majority of the Lincoln Cents I am interested in were bought at reasonable market prices by a flipper who thinks the auction price from several years ago is still the current market value and therefore he should get what the coin sold for back then.
WS
When the juice ain't worth the squeeze, it's probably a rotten apple or sour grape. That's how it became whine.
``https://ebay.us/m/KxolR5
FYI. My understanding is all sales final. There was a return option at one time but that changed a few years ago. I have purchased a couple coins this way. But mostly just crickets when I make an offer
Most of these coins were sold long ago or else the owner doesn't even know they're for sale.
Sometimes, it’s better to be LUCKY than good. 🍀 🍺👍
My Full Walker Registry Set (1916-1947):
https://www.ngccoin.com/registry/competitive-sets/16292/
I have bought coins that way and I have been rejected others. My favourite was I put an offer in a coin that was rejected then, and later on, about 4 or 5 months later bought the same coin on eBay for about 40% less than my offer...
I had an offer a while back I would have accepted but I had sold the coin. I happen to have a dead ringer for it...same grade,look, etc. So I replied back with pictures and never heard a word. I figure heritage didn't want to waste their time for $80.
I don't know any other company, especially auction companies that have that type of offer system. Why do they have it if it is so unpopular? I have always treated coins as a means to an end, don't want to fall in love with any collectible. If people can take a quick profit why not unless it is really special or has sentimental significance?
I do not think is unpopular. I have bought few coins that was, and I am positive others have done the same. That is just a way for Heritage to make $ and for dealers or collectors to have a window for their coins if they want to sell them. I really like it.
I couldn't resist making an offer for more than double the price from 11 years ago, which is more than the price from 7 years ago. Let's see what happens in 72 hours