I have purchased one coin in the last ten years from them.
I take full responsibility for my actions but I was disappointed.
It was an expensive coin.
The auction included DLRC images. The coin also had a Trueview. It appeared to be different in both pics but I took a chance as thier images weren't great.
It was a great disappointment. I called them and they were understanding and nice enough. The guy said that he would help me with the return fees considering the circumstances.
That didnt happen and it cost me a good deal of money.
It was a great disappointment. I called them and they were understanding and nice enough. The guy said that he would help me with the return fees considering the circumstances.
That didnt happen and it cost me a good deal of money.
It was a great disappointment. I called them and they were understanding and nice enough. The guy said that he would help me with the return fees considering the circumstances.
That didnt happen and it cost me a good deal of money.
Live and learn.
I'm confused? What didn't happen?
I believe DLRC has a 10% restocking fee.
Their pictures have also improved significantly over the last few years.
I have bought a decent amount from DLRC in the past and have generally been an advocate (including implied advocacy earlier in this thread). However, last week left a bit of a sour taste. I had my eye on a branch mint gold piece that had a reasonable starting bid. I had planned to wait until just before close to bid, but it attracted 3 bids and had been bid up past full retail, so I backed off and did not bid. Two days later it showed up in the DLRC inventory for almost $1K more than the winning high bid.
Here is a screenshot from my email when I received the initial wantlist notification for the auction:
Here is a screenshot after the auction when I got the wantlist email notification:
Nothing necessarily 'wrong' with this, but is a good reminder that if you are caught up in auction fever, the other bidder may be the house - don't bid beyond your comfort level or assume there is real market support at that price point!
@Project Numismatics said:
I have bought a decent amount from DLRC in the past and have generally been an advocate (including implied advocacy earlier in this thread). However, last week left a bit of a sour taste. I had my eye on a branch mint gold piece that had a reasonable starting bid. I had planned to wait until just before close to bid, but it attracted 3 bids and had been bid up past full retail, so I backed off and did not bid. Two days later it showed up in the DLRC inventory for almost $1K more than the winning high bid.
Here is a screenshot from my email when I received the initial wantlist notification for the auction:
Here is a screenshot after the auction when I got the wantlist email notification:
Nothing necessarily 'wrong' with this, but is a good reminder that if you are caught up in auction fever, the other bidder may be the house - don't bid beyond your comfort level or assume there is real market support at that price point!
This was a regular practice at Teletrade years ago. I had it happen several times on coins I was bidding on. I'd "lose" an auction with several bids only to have the same coin show up for auction two weeks later. I understand that can legitimately happen once in awhile but if it is a regular event it is a problem. Not illegal but somewhat unethical.
@Project Numismatics said:
I have bought a decent amount from DLRC in the past and have generally been an advocate (including implied advocacy earlier in this thread). However, last week left a bit of a sour taste. I had my eye on a branch mint gold piece that had a reasonable starting bid. I had planned to wait until just before close to bid, but it attracted 3 bids and had been bid up past full retail, so I backed off and did not bid. Two days later it showed up in the DLRC inventory for almost $1K more than the winning high bid.
Here is a screenshot from my email when I received the initial wantlist notification for the auction:
Here is a screenshot after the auction when I got the wantlist email notification:
Nothing necessarily 'wrong' with this, but is a good reminder that if you are caught up in auction fever, the other bidder may be the house - don't bid beyond your comfort level or assume there is real market support at that price point!
CAC Price guide is $4,500 and the final bid was $3,800? That's not full retail.
Could it be the buyer got cold feet withdrew the bid?
Interestingly, DLRC then decided to list the coin for $1,000 over CAC price guide!
@Project Numismatics said:
I have bought a decent amount from DLRC in the past and have generally been an advocate (including implied advocacy earlier in this thread). However, last week left a bit of a sour taste. I had my eye on a branch mint gold piece that had a reasonable starting bid. I had planned to wait until just before close to bid, but it attracted 3 bids and had been bid up past full retail, so I backed off and did not bid. Two days later it showed up in the DLRC inventory for almost $1K more than the winning high bid.
Here is a screenshot from my email when I received the initial wantlist notification for the auction:
Here is a screenshot after the auction when I got the wantlist email notification:
Nothing necessarily 'wrong' with this, but is a good reminder that if you are caught up in auction fever, the other bidder may be the house - don't bid beyond your comfort level or assume there is real market support at that price point!
CAC Price guide is $4,500 and the final bid was $3,800? That's not full retail.
Could it be the buyer got cold feet withdrew the bid?
Interestingly, DLRC then decided to list the coin for $1,000 over CAC price guide!
Was the $3800 with or without a buyer’s premium?
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
When DLRC coins don’t sell at “auction”, they always list the coins in their fixed price inventory well above the “minimum starting bid” that no one found acceptable. However, I’ve found that negotiation is easy to get it at no higher than that minimum bid.
Steve
A day without fine wine and working on your coin collection is like a day without sunshine!!!
@Project Numismatics said:
I have bought a decent amount from DLRC in the past and have generally been an advocate (including implied advocacy earlier in this thread). However, last week left a bit of a sour taste. I had my eye on a branch mint gold piece that had a reasonable starting bid. I had planned to wait until just before close to bid, but it attracted 3 bids and had been bid up past full retail, so I backed off and did not bid. Two days later it showed up in the DLRC inventory for almost $1K more than the winning high bid.
Here is a screenshot from my email when I received the initial wantlist notification for the auction:
Here is a screenshot after the auction when I got the wantlist email notification:
Nothing necessarily 'wrong' with this, but is a good reminder that if you are caught up in auction fever, the other bidder may be the house - don't bid beyond your comfort level or assume there is real market support at that price point!
CAC Price guide is $4,500 and the final bid was $3,800? That's not full retail.
Could it be the buyer got cold feet withdrew the bid?
Interestingly, DLRC then decided to list the coin for $1,000 over CAC price guide!
$3,800 was starting bid - not the final bid. It sold in mid-4s - I had no reason to screenshot the final sale price and so don’t have it. Reappeared on the website for $5,500.
Forest and trees @DisneyFan and @MFeld - you’re picking at my numbers and ignoring the issue. Point is that it reappeared on DLRC retail for $1k more than it sold for at ‘auction’.
Again, there’s nothing ‘wrong’ with this - but I find it distasteful.
@Project Numismatics said:
I have bought a decent amount from DLRC in the past and have generally been an advocate (including implied advocacy earlier in this thread). However, last week left a bit of a sour taste. I had my eye on a branch mint gold piece that had a reasonable starting bid. I had planned to wait until just before close to bid, but it attracted 3 bids and had been bid up past full retail, so I backed off and did not bid. Two days later it showed up in the DLRC inventory for almost $1K more than the winning high bid.
Here is a screenshot from my email when I received the initial wantlist notification for the auction:
Here is a screenshot after the auction when I got the wantlist email notification:
Nothing necessarily 'wrong' with this, but is a good reminder that if you are caught up in auction fever, the other bidder may be the house - don't bid beyond your comfort level or assume there is real market support at that price point!
CAC Price guide is $4,500 and the final bid was $3,800? That's not full retail.
Could it be the buyer got cold feet withdrew the bid?
Interestingly, DLRC then decided to list the coin for $1,000 over CAC price guide!
$3,800 was starting bid - not the final bid. It sold in mid-4s - I had no reason to screenshot the final sale price and so don’t have it. Reappeared on the website for $5,500.
Forest and trees @DisneyFan and @MFeld - you’re picking at my numbers and ignoring the issue. Point is it that reappeared on DLRC retail for $1k more than it sold for at ‘auction’.
Again, there’s nothing ‘wrong’ with this - but I find it distasteful.
I want picking at your numbers or ignoring the issue. On the contrary, @DisneyFan was questioning your assertion that the coin had been bid up past full retail. And I was questioning his questioning of that, as I figured you probably had a good grasp of full retail.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
@Project Numismatics said:
I have bought a decent amount from DLRC in the past and have generally been an advocate (including implied advocacy earlier in this thread). However, last week left a bit of a sour taste. I had my eye on a branch mint gold piece that had a reasonable starting bid. I had planned to wait until just before close to bid, but it attracted 3 bids and had been bid up past full retail, so I backed off and did not bid. Two days later it showed up in the DLRC inventory for almost $1K more than the winning high bid.
Here is a screenshot from my email when I received the initial wantlist notification for the auction:
Here is a screenshot after the auction when I got the wantlist email notification:
Nothing necessarily 'wrong' with this, but is a good reminder that if you are caught up in auction fever, the other bidder may be the house - don't bid beyond your comfort level or assume there is real market support at that price point!
CAC Price guide is $4,500 and the final bid was $3,800? That's not full retail.
Could it be the buyer got cold feet withdrew the bid?
Interestingly, DLRC then decided to list the coin for $1,000 over CAC price guide!
$3,800 was starting bid - not the final bid. It sold in mid-4s - I had no reason to screenshot the final sale price and so don’t have it. Reappeared on the website for $5,500.
Forest and trees @DisneyFan and @MFeld - you’re picking at my numbers and ignoring the issue. Point is that it reappeared on DLRC retail for $1k more than it sold for at ‘auction’.
Again, there’s nothing ‘wrong’ with this - but I find it distasteful.
In checking past sales for Auction: Red Carpet Rarities Closing Thursday Feb. 20, I found the Price Realized
Is it possible you forgot there is no Buyer's premium at DLRC?
I think it would be worthwhile for you to ask DLRC for clarification as to what happened.
It’s funny to me that there is a thread decrying the BP from the large firms on true actions yet being very satisfied in a firms ability to absorb credit card fees, have no BP and prices coins at retail starting bids.
@Boosibri said:
It’s funny to me that there is a thread decrying the BP from the large firms on true actions yet being very satisfied in a firms ability to absorb credit card fees, have no BP and prices coins at retail starting bids.
I think you meant to say "...regularly prices coins at retail starting bids."
@cinque1543 said:
Seeking education. How does one differentiate between "blast white, obviously dipped" versus "blast white, never dipped"?
Skin
Care to clarify?
Evidence of metal flow from its original strike. The flow surfaces treat light differently.
Wouldn’t the evidence of metal flow be apparent on dipped coins, too?
And I think the AI summary I read provided a much better explanation of original “skin” on a coin, as follows:
“Original skin" on a coin refers to the natural patina or surface coloration that a coin developed over time through circulation and exposure to the environment”.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
@cinque1543 said:
Seeking education. How does one differentiate between "blast white, obviously dipped" versus "blast white, never dipped"?
Skin
Care to clarify?
Evidence of metal flow from its original strike. The flow surfaces treat light differently.
Wouldn’t the evidence of metal flow be apparent on dipped coins, too?
And I think the AI summary I read provided a much better explanation of original “skin” on a coin, as follows:
“Original skin" on a coin refers to the natural patina or surface coloration that a coin developed over time through circulation and exposure to the environment”.
Which is of course, a misnomer because the original skin is bright white and lustrous and has not undergone any chemical changes to cause patina or coloration.
@cinque1543 said:
Seeking education. How does one differentiate between "blast white, obviously dipped" versus "blast white, never dipped"?
Skin
Care to clarify?
Evidence of metal flow from its original strike. The flow surfaces treat light differently.
Wouldn’t the evidence of metal flow be apparent on dipped coins, too?
And I think the AI summary I read provided a much better explanation of original “skin” on a coin, as follows:
“Original skin" on a coin refers to the natural patina or surface coloration that a coin developed over time through circulation and exposure to the environment”.
A dip would remove some of the surface metal, diminishing the flow lines, and dulling the luster.
@cinque1543 said:
Seeking education. How does one differentiate between "blast white, obviously dipped" versus "blast white, never dipped"?
Skin
Care to clarify?
Evidence of metal flow from its original strike. The flow surfaces treat light differently.
Wouldn’t the evidence of metal flow be apparent on dipped coins, too?
And I think the AI summary I read provided a much better explanation of original “skin” on a coin, as follows:
“Original skin" on a coin refers to the natural patina or surface coloration that a coin developed over time through circulation and exposure to the environment”.
Which is of course, a misnomer because the original skin is bright white and lustrous and has not undergone any chemical changes to cause patina or coloration.
It’s not of course so to me. The “skin” is what develops over time atop the “bright white and lustrous” surfaces.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
@cinque1543 said:
Seeking education. How does one differentiate between "blast white, obviously dipped" versus "blast white, never dipped"?
Skin
Care to clarify?
Evidence of metal flow from its original strike. The flow surfaces treat light differently.
Wouldn’t the evidence of metal flow be apparent on dipped coins, too?
And I think the AI summary I read provided a much better explanation of original “skin” on a coin, as follows:
“Original skin" on a coin refers to the natural patina or surface coloration that a coin developed over time through circulation and exposure to the environment”.
Which is of course, a misnomer because the original skin is bright white and lustrous and has not undergone any chemical changes to cause patina or coloration.
It’s not of course so to me. The “skin” is what develops over time atop the “bright white and lustrous” surfaces.
If you applied that logic to grapes, the original skin would be what you see when you look at a raisin.
It had been a few years since I bought a coin from DLRC so I thought I'd take a shot last night. Won this 1903 PCGS MS64 G$2.50 for $549 delivered after cc cashback. CDN Greysheet is $540. Common date quarter-eagles in 64 always go over $600 retail, sometimes $700. Thanks for the tip! And DLRC for a good deal!
DLRC is one of my weekly shops. And I too find their starting bids pretty much at or slightly below retail. To me, that makes "getting a bargain" a waste of time. I love to shop for good buys, finding a diamond in the rough. The hunt is part of the enjoyment.
However, I will say I like their selection and for the most part their coins are desirable. I also like that they have really inexpensive choices alongside 5 figure coins. Which means, they are cognizant of the spectrum of buyers.
Comments
I have purchased one coin in the last ten years from them.
I take full responsibility for my actions but I was disappointed.
It was an expensive coin.
The auction included DLRC images. The coin also had a Trueview. It appeared to be different in both pics but I took a chance as thier images weren't great.
It was a great disappointment. I called them and they were understanding and nice enough. The guy said that he would help me with the return fees considering the circumstances.
That didnt happen and it cost me a good deal of money.
Live and learn.
.
The coins I bought from DLRC last year all had images/coins matching exactly in toning color and field ticks (99.9% in my opinion).
I'm confused? What didn't happen?
I've purchased a few coins from them over the years. Never had a problem. As always ymmv.
I believe DLRC has a 10% restocking fee.
Their pictures have also improved significantly over the last few years.
That’s incorrect. Those two companies respectively, sticker and grade obviously dipped coins.
Edited to add: i hadn’t read the entire thread when I made the above post or wouldn’t have piled on.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
I have bought a decent amount from DLRC in the past and have generally been an advocate (including implied advocacy earlier in this thread). However, last week left a bit of a sour taste. I had my eye on a branch mint gold piece that had a reasonable starting bid. I had planned to wait until just before close to bid, but it attracted 3 bids and had been bid up past full retail, so I backed off and did not bid. Two days later it showed up in the DLRC inventory for almost $1K more than the winning high bid.
Here is a screenshot from my email when I received the initial wantlist notification for the auction:
Here is a screenshot after the auction when I got the wantlist email notification:
Nothing necessarily 'wrong' with this, but is a good reminder that if you are caught up in auction fever, the other bidder may be the house - don't bid beyond your comfort level or assume there is real market support at that price point!
This was a regular practice at Teletrade years ago. I had it happen several times on coins I was bidding on. I'd "lose" an auction with several bids only to have the same coin show up for auction two weeks later. I understand that can legitimately happen once in awhile but if it is a regular event it is a problem. Not illegal but somewhat unethical.
CAC Price guide is $4,500 and the final bid was $3,800? That's not full retail.
Could it be the buyer got cold feet withdrew the bid?
Interestingly, DLRC then decided to list the coin for $1,000 over CAC price guide!
Was the $3800 with or without a buyer’s premium?
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
DLRC has no buyer's premium. Seller pays full commission.
When DLRC coins don’t sell at “auction”, they always list the coins in their fixed price inventory well above the “minimum starting bid” that no one found acceptable. However, I’ve found that negotiation is easy to get it at no higher than that minimum bid.
Steve
My collecting “Pride & Joy” is my PCGS Registry Dansco 7070 Set:
https://www.pcgs.com/setregistry/type-sets/design-type-sets/complete-dansco-7070-modified-type-set-1796-date/publishedset/213996
$3,800 was starting bid - not the final bid. It sold in mid-4s - I had no reason to screenshot the final sale price and so don’t have it. Reappeared on the website for $5,500.
Forest and trees @DisneyFan and @MFeld - you’re picking at my numbers and ignoring the issue. Point is that it reappeared on DLRC retail for $1k more than it sold for at ‘auction’.
Again, there’s nothing ‘wrong’ with this - but I find it distasteful.
I want picking at your numbers or ignoring the issue. On the contrary, @DisneyFan was questioning your assertion that the coin had been bid up past full retail. And I was questioning his questioning of that, as I figured you probably had a good grasp of full retail.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
In checking past sales for Auction: Red Carpet Rarities Closing Thursday Feb. 20, I found the Price Realized
Is it possible you forgot there is no Buyer's premium at DLRC?
I think it would be worthwhile for you to ask DLRC for clarification as to what happened.
It’s funny to me that there is a thread decrying the BP from the large firms on true actions yet being very satisfied in a firms ability to absorb credit card fees, have no BP and prices coins at retail starting bids.
Latin American Collection
I think you meant to say "...regularly prices coins at retail starting bids."
Care to clarify?
Evidence of metal flow from its original strike. The flow surfaces treat light differently.
Wouldn’t the evidence of metal flow be apparent on dipped coins, too?
And I think the AI summary I read provided a much better explanation of original “skin” on a coin, as follows:
“Original skin" on a coin refers to the natural patina or surface coloration that a coin developed over time through circulation and exposure to the environment”.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Which is of course, a misnomer because the original skin is bright white and lustrous and has not undergone any chemical changes to cause patina or coloration.
http://ProofCollection.Net
A dip would remove some of the surface metal, diminishing the flow lines, and dulling the luster.
It’s not of course so to me. The “skin” is what develops over time atop the “bright white and lustrous” surfaces.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
If you applied that logic to grapes, the original skin would be what you see when you look at a raisin.
http://ProofCollection.Net
It had been a few years since I bought a coin from DLRC so I thought I'd take a shot last night. Won this 1903 PCGS MS64 G$2.50 for $549 delivered after cc cashback. CDN Greysheet is $540. Common date quarter-eagles in 64 always go over $600 retail, sometimes $700. Thanks for the tip! And DLRC for a good deal!
DLRC is one of my weekly shops. And I too find their starting bids pretty much at or slightly below retail. To me, that makes "getting a bargain" a waste of time. I love to shop for good buys, finding a diamond in the rough. The hunt is part of the enjoyment.
However, I will say I like their selection and for the most part their coins are desirable. I also like that they have really inexpensive choices alongside 5 figure coins. Which means, they are cognizant of the spectrum of buyers.
I hope they do well and I wish them luck.
WTB: Barber Quarters XF