Anyone have experience selling/consigning to Heritage?

Unimental

I've got some basic questions here...

Selling outright:

How does the Heritage offer on certified PCGS/NGC coins compare to greysheet bid in general?
Anyone ever get a strong offer over bid?

Consigning:

Seller's fees... the website is kinda vague (as low as 5%, la la la) so I'm looking for more quantitative data.
Anyone put up a strong key coin through them? Good/bad experience?

badger

Only consigned and not sold outright to Heritage.

The better the coin, the better the coin for Heritage. Needs to be strong grade and quality within grade, then the prices are exceptionally strong. A stong grade, but weak quality in grade does not do as well.

Potentially upgradeable coins do well if you can get them into the Signature Sale. People need to see the coin at the show. Morgan in OGH. Strong NGC coins that might cross.

Lower grade coins sometimes do as well on EBay with lower fees.
Advantage to Heritage is one stop shopping. Send the coins in and they handle it.

I have been pleased with the Heritage service.

cdan12

my experience is that you will be selling to dealers who only want to pay low wholesale, I have had much better results on ebay,if you want to wholesale your coins send them to heritage.JMHO

haletj

I've seen this happen over and over... a complete set gets auctioned by Heritage, the one or two best coins go for huge prices, but the rest get sold to dealers. The dealers then sell them on ebay. For most of the coins that is three people, Heritage, a dealer, and ebay, making money off it. You should be able to keep it to one person! Ebay or selling directly to dealers may not be great for those extra special pq coins for it might be harder to get the premium they deserve.

roadrunner

I've only consigned once to Heritage. The results overall were better than I could have gotten on ebay, direct sale, or any other means I could have accomplished on my own. But you need unusual pieces where buyers are scattered all over. For routine coins or generics that are routinely for sale, auction is probably not the best route. I have sold quite a few coins to Jim Halperin at large shows and he is certainly in the top 4 of MAJOR buyers, who buy most everything of decent quality. But this is pricing the coins on your own, knowing close to what you can and should get for them. If you have no idea what to ask for, that's trouble no matter who you offer them to.

Just like anything else, do a lot of research, ask around (like here on the forum) and eventually the answer will pop out. Typically, unseasoned sellers will offer their best coins for too little and ask too much for the so-so or off-quality material. The good stuff sells quick and you are left with the tougher to sell coins that you probably shouldn't have bought in the first place. But we've all done it.

roadrunner

Catch22

I consigned 25 coins to Heritage last year for the Pittsburgh ANA sale. I was very pleased with the prices realized, but I did have numerous customer service issues and had to have them correct several mistakes in the listings.

My overall impression was that they concentrate on volume and simply accept that a certain percentage of the transactions are going to be problematic.

I have no axe to grind with Heritage and would certainly use their services again if I wanted to dispose of more of my collection. I would, however recommend that people go in with the attitude that if anything can go wrong, it will. Double and triple check everything and be prepared to spend some time playing phone tag.

Everyone I dealt with was reasonable and they made good on their mistakes...with a little prodding.