Question about coins at Heritage

Mark

I expect that Heritage did not grow to be the largest auction company by leaving a lot of money on the table. Taking that as given, what fraction of the currently "non +" and "non CAC" coins in their auctions do you suppose would qualify for a + or a CAC bean? Do you think, as I do, that all the high-priced coins (and probably many of the lower-priced coins also) have been carefully examined for their +ness and CACness and probably already submitted? Of course, in that case most of the currently non + and non-CAC coins would not be strong candidates for +ing or CACing in the future...

Thanks in advance for opinions!

DaveE

Common sense would dictate they have people looking to max out collectors consignments-however not all collectors will want their consignments maxed out. Heritage also has many of their own coins in their auctions. Those coins you can bet are fully maxed.

RYK

I recently purchased a gold coin at Heritage that was subsequently gold stickered, so I would have to disagree with your assertion. It's probably up to the seller/consignor.

Unknown

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BaseballAbs

I think you can find a lot of coins going to auction that are potential CAC coins. I see them all the time. The real high end coins in my oppinion don't need a CAC. I don't see any of Dale Friends coins with CAC stickers and i Don't think he would bother. As for the + I think that any coins that come to the auction block from now on would be tough to get into a Plus holder because i think they are getting picked out real fast.

WTCG

The decision to upgrade or submit coins to CAC is ultimately the decision of the consignor. Auction companies will never submit or alter consignment items without the owner's approval. Some people want their coins upgraded but plenty of others want their coins sold as is. Both methods have their success possibilities.

Mark

Thanks; I appreciate the comments. I did not realize that the consignors might not want their coins submitted for possible upgrades or CAC. Clearly if I am consigning a, say, 1943-D MS66 dime, I don't want it resubmitted. But if I was consigning the big dollar coins that interest RYK and Realone , I think I might. Anyway, it was interesting and reassuring to read of at least two success stories!

abitofthisabitofthat

I recently sent a few hundred coins to Heritage. My consignment director and I discussed which auctions to slot them into; if reserves were desirable (none are reserved), finacial terms, etc. We never even had a conversation around regrading, CACing etc. I believe that most consignors would have the same experience.

earlyAurum

I bought a coin just 6 months ago. It was just stickered by CAC. But, Heritage is fast moving and that was before they had a CAC category. I will bet that a greater and greater percentage of more valuable coins are going to CAC via Heritage.

joebb21

bought more than one coin that was subsequently green stickered at cac.

Also bought a green beaned one that subsequently had the green bean removed!

ambro51

I have had coins already consigned with Heritage that I have had them send to CAC but they will no do this on their own.