Heritage Auctions: Signature Sales vs. Bullet Sales

rhedden

Anyone else notice that coins tend to bring less money in Heritage's Bullet sales than they do in the Signature sales?

I was just looking at a 1796 LIHERTY large cent, ANACS G-6, sold in the September 20, 2003 Signature sale for $1,035. The same exact coin showed up in a bullet sale August 23, 2004 and brought only $391.00. I'm going to assume that one was re-purchased by the consignor. That is quite a large discrepancy.

Russ

It would make sense since there's no floor auction associated with Bullet sales.

Russ, NCNE

Shamika

I've noticed the same thing. Correct me if I'm wrong, but don't Bullet Sale items go to internet bidders only? If so, it may be a case of the Bullet coins not able to be previewed live.

Russ

PS: The Signature sales also tend to have the better material.

Russ, NCNE

stephunter

Isn't true that all sales are final on the bullet sales?

Blade

Stephunter,
The bullet sales have a return privledge at the cost of 5% restocking. Signature sales are no return since you have the option to view the coin in person.

There are nice coins in the Bullet auctions. I heard that Heritage won't put a coin in the Signature sales unless they believe it can sell for $1,000 or higher. So you can find nice, lower priced coins in the Bullet

Veep

I thought that the Bullet Sale coins WERE viewable live although there is no floor bidding.

coinguy1

Tom, the bullet sales can be viewed in person, too.

And, Heritage accepts plenty of coins with estimated values of less than $1000 each. But, that is likely to be in cases where other coins from the same consignor are worth more than $1000 each - in other words, it depends upon the particulars/value of the entire consignment.

morgannut2

The Bullet Sales has coins that are not widely previewed, hence there's less informed bidding. It works both ways on prices but there are some values due to the inherent risk discount of sight-unseen buying.

BAJJERFAN

ALL SALES ARE FINAL in the Sig auctions. Not sure on the Bullet Auctions tho since I dint take the time to look.