Interesting Heritage auction

Barry

I'm looking at lot 11289 in a Heritage Internet only auction. Current bid (with BP) = ~$6325. The next bid meets reserve at ~$6650.

This same coin, in the same slab at the same grade, sold 2 months ago at Long Beach for $5750, here.

So what's going on? Winner at Long Beach didn't keep the coin and now the consigner is trying to push his luck, or the winner at Long Beach is trying to flip the coin for a quick $900 profit? Or, am I missing something?

Coin Finder

Maybe it was returned

Tbig

toothpuller

I would venture to guess that Heritage bought the coin 2 months ago and they are trying to flip it themselves. If it doesn't meet reserve you may eventually see it in Heritage's inventory.


I doubt if it was returned from a Signature Auction Sale. Those are generally no return.

UncleWiggly

Maybe Heritage bought it to put in their auctions.

saintguru

Often they will be the bidder on a coin they like if nobody else steps up.

Barry

Now, this dime is on Ebay for $6850 with a BIN of $7398. Heritage has an interesting marketing strategy - If a coin doesn't meet reserve, just relist it at a higher price and try again.

RYK

I am going to hold out until it hits $10,000. Then, I will step up and buy it.

GOLDSAINT

Barry

The 1989 Bubble price for this coin was $3500 in XF 45