As a buyer would you rather buy from Heritage or Teletrade?

cinman14

<< <i>Huh? They all charge buyer premiums, except eBay. >>

I am aware of this as well.. I just thought an 8 dollar buyers
fee for a 50 dollar coin was a bit steep.. Considering they also collect from the seller as well...



<< <i>Not buying a coin because of buyers fee is just plain dumb >>

That seems a bit harsh...

BAJJERFAN

<< <i>I have had good buying experiences with both companies. You always have to watch what you bid on; no auction house is immune from that. Some of it, you don't want to end up with.

I think the larger Heritage auctions (the shows) have the highest yield of good stuff.


The very high resolution images on Heritage probably serve to get more of my bids than the small, low resolution pictures on TeleTrade. >>



FYI, larger pics are also available on TT.

YaHa

Teletrade.. Because the buyer makes me money..

stinkinlincoln

<<I always get a big kick out of the knownothings that say,

"Teletrades offerings are all low end crap that dealers can't move elsewhere."

This "crap" now has a CAC gold sticker:>>

Sorry, but that coin is a dog. All I see is the spot in front of Franklins bust. Even with a gold sticker, its a dog.


I dont hink all TT coins are dogs, just the ones they list over and over and over and over and over and over and over and over.

Broadstruck

<< <i>I have a rep I use @ Heritage. More often than not, he'll tell me he doesn't like a particular lot on which I think of making a bid, and tells me why. If he likes a particular coin, I'll check with a trusted dealer and have him check it out. Historically, if both of them like a coin, it's solid for the grade and just below shot material. >>



Me too... as bidding based just on photo's your gonna get burnt at times.

shottaker

For me as a dealer strangely enough.
Teletrade.
Heritage is pretty proactive at upgrading or nabbing the upgrade material that goes through their place. I'm not sure of the % of coins in their auctions that are theirs.

Teletrade does straight consignment and I find more upgradeable material passing through there. For the most part the quality is lower than heritage, but at the same time there is more truly upgradeable material that goes through there.

I guess qualifying that statement is that heritage has a/b material
Teletrade has b/c material with a little bit of a+.
JMHO

Billet7

Heritage, hands down, every time...unless I find a coin I want on Teletrade.

leothelyon

Leo

PawPaul

<< <i><<I always get a big kick out of the knownothings that say,

"Teletrades offerings are all low end crap that dealers can't move elsewhere."

This "crap" now has a CAC gold sticker:>>

Sorry, but that coin is a dog. All I see is the spot in front of Franklins bust. Even with a gold sticker, its a dog.


I dont hink all TT coins are dogs, just the ones they list over and over and over and over and over and over and over and over. >>



Stinky - i hardly think Cac would gold sticker a "dog" ...but maybe you know more then one of the best graders in the world

yellowkid

<< <i>No Heritage for me since April. They started collecting New York State sales tax. The playing field is no longer level for me. I will not pay 8% more than someone else. Quirky I know, but that's just the way I am. I just want auctions to be equal for everyone. >>




How do you avoid paying sales tax everwhere else in NY???

PLE

I purchase from both I am a Heritage "Legacy" buyer who has purchased a lot of coins. Heritage's customer service has really gone downhill. I can't get phone calls returned! By comparison, Teletrade's service is quite good, and their shipping is very predictable. I prefer Teletrade, because of their service, but I end up buying much more from Heritage. The way Heritage acts, you'd think the economy was going great, and everybody was buying coins. Geesh, if somebody from Heritage is reading this, tell your executives to return their phone calls!

PQType

I buy the coin, I really do not care who is selling it. I have bought from both. Teletrade is more straight forward, no live floor auctions to deal with like some on Heraitage. I can also sell easier on Teleterade.

Heratage just told me I needed a minimum of $5000.00 to be able to consign with them. I had written with questions about one coin. Little did they know I had about $9000.00 worth of coins ready to go to auction. So they went off to Teletrade because Heritage gave me this "attitude/tone" that they really could not be bothered selling just one coin for me.

Tip

I bought a lot of mostly raw Lincolns from teletrade many years ago. Was never really comfortable with the descriptions or photos and could not get much further info about a coin when I asked. Didn't pay premium for the coins and many were flawed. Then I found Heritage. Heritage has good photos and can get answers about their coins that make me comfortable. Heritage just raised their 'buyers premium' which I am not happy with. But I would stick with Heritage.
Oddly a year ago I upgraded my computer and firewall protection and now it will not let me even view Teletrade. I have tried to lower the protection level and still cannot log on to Teletrade, so I would not consider ever using Teletrade.
I scan Ebay and Heritage's multiple auctions daily. I have not found anything I am interested in for weeks, which is odd, but I'm willing to wait and deal with reputable people and get good coins.
Tip

Frankcoins

Never a problem with Teletrade. Always with Heritage. I won the 1916-D AG3 dime discussed here in May. Never got a notice that I won it. "My Heritage" showed that I had no winning lots. Then mid June I get a hateful phone call threatening to report me to a collection agency. I had just gotten out of the hospital after the roof of my home was severely damaged June 10. Finally got an emailed invoice..with $80 sales tax and a $22 late fee, even though I get 2 or 3 spam emails from them a week. Even though they have my tax resale info on file from the auctions of wholesale lots I bought a few years ago for my storefront business.... I called customer service, and it appears "my house was damaged in a tornado" is an often-used excuse by deadbeat bidders. I said that I was not paying the sales tax, and she thought I wanted them to eat the cost because of the bad luck about my house. I told her I am not paying it because am a dealer. She said, well EVERYONE says they are a dealer but unless we have your tax number on file... I got pretty loud...I HAVE A RESALE CERTIFICATE AND YOU HAVE IT ON FILE!! She hung up on me. I called Stewart Huckaby who is an old friend. It seems they want an in-house form where I have to check a box that I am dealing in COINS, STAMPS, ART, AUTOGRAPHS, etc. They sent the form as a Microsoft Word document, and I had to download a 35 Megabyte free Word reader for Mac to be able to look at it ..and even though it was sent to me as an email attachment, they have to have it FAXED back...Stewart is handling it now so i won't have any problems..but have heard nothing in 2 weeks.

SaorAlba

<< <i>You're comparing Ruth's Chris with Sonic >>



More like the former with MacDonalds.

leothelyon

<< <i>I bought a lot of mostly raw Lincolns from teletrade many years ago. Was never really comfortable with the descriptions or photos and could not get much further info about a coin when I asked. Didn't pay premium for the coins and many were flawed. >>



Were they all graded MS67?


Leo

Edited to add; What are the odds Tip will post for the 27th time.

drei3ree

<< <i>

<< <i>You're comparing Ruth's Chris with Sonic >>



More like the former with MacDonalds. >>



Some of us like an occasional McDonald's double cheeseburger--the best value on the planet! I like variety in my dining establishments and auction houses. I use and like TT and Heritage, as well as many others--eBay included.

edited to add disclaimer: I'm just a "regular" guy...nothing special in the fine dining or numismatic worlds.

PonyExpress8

If a coin is worthy of consideration the selling auction company doesn't matter. My recent experiences suggest Heritage has slipped a fair amount in the customer service area.

I would also advise anyone using only photographs to buy coins from any auction company will find some unpleasant surprises along the way at all auction houses. Auction photographs should be a screening tool, and not the deciding factor in buying. For example if you like toned coins then you can view the photograph to determine if a coin might have original toning that may have appeal to your tastes. If you don't like toning then a photo can eliminate the toned pieces from consideration. Any auction company's photos can be "off" from what the coin looks like in hand and I personally feel this is an area all of them need to improve on, Heritage included.

Knowledgeable collectors buy coins from auction only after having personally viewed them or after having a trusted representative/dealer with knowledge view and represent them. Top registry set collectors such as Duckor, Blay, Shireman, Friend and many, many others don't purchase coins sight unseen from photographs. In most cases they have viewed the coin personally, usually along with another set of trusted eyes, or at a minimum had a trusted dealer or representative assist.

This also tends to confirm why auction company's such as Bowers and Merena, Heritage, Stacks, or Goldbergs sell higher end pieces (A coins) as opposed to TT, Ebay, which tend to have more of the common coins, the B and C if you will because the opportunity to view the coin in person at their auctions doesn't exist prior to sale. However there are opportunities in any auction.

coinpictures

I wouldn't touch Teletrade with a 10-foot pole... even if I had one. Too much shenanigans with unsold sold coins and reserves.

wondercoin

Teletrade runs as clean an operation as Heritage IMHO. Not too long ago, I bid $50,000 on a coin selling for around $25,000 on Teletrade at the time. I won it for the next bid level, about $25,000 less than I was prepared to pay for it (no funny business with the bid as I would have expected there to be none). I won a 1909 vdb Lincoln cent on Teletrade in PR65RB for around $7,500 a few years back and still have it. And, of, course, I have purchased some wonderful coins from Heritage as well.

Wondercoin

leothelyon

Heritage and Teletrade, switch the -ade with -age and we have Heritade and Telerage. Would anyone like them better or worse? Or is it Heritrade or Teletage?

fcloud

I have won auctions from both, but prefer Heritage.

PawPaul

dahhahhaaah........i buy raw coins from T.T too............and 'den i eats um !

ummm-ummmm good

Nighttrain

Good quality coins can be found many places - remember you are buying the coin not anything else so generally don't woory about who is selling it unless you know that the seller is difficult, misleading, or manipulative in any manner - Heritage seems to have a better reputation in general - You could probably try both and find out which service you prefer, but again you focus primarily on the coin - maybe teletrade has that 1802 half dime graded EF/XF 40 that you always desired - is the fact that Heritage is not selling it going to deter you from taking a shot at it - NO I say NO and take your shot at owning such a rare piece

Nighttrain

<< <i>

<< <i>You're comparing Ruth's Chris with Sonic >>



More like the former with MacDonalds. >>





Ahhhhh a Mc Rib sounds tasty right now!!!!

PawPaul

.......If they would only servr them year round ...........