Same coin. Twice sold by Heritage 9 months apart. Very different results.

vibr0nic

Both times, this coin was sold in a Sunday Internet Live session as part of a bigger auction event. Both with identical images.

In February for $2585
This Sunday for $881

I have no idea what the explanation is, but it's a curious discrepancy in price.

keyman64

Someone thought they were going to get an upgrade?

OR

A toning buy that did not treat them well on resale?

OR

Someone thought they were going to own it forever, they needed to sell it and got unlucky?

OR

.........?

In any case, overpaying hurt with this example. WOW!

GoldenEyeNumismatics

A lot of stuff went cheap this sale.

WTCG

My first assumption is in the first sale at least two bidders liked the coin a bit too much either for the toning or for the upgrade potential.

darktone

Or someone bid up their own coin with a high reserve and set a market price then put it on with no reserve hoping others would see the previous selling price and pay that much. This is done at car auctions a lot.

ricko

Looks like the 'urine sample' coin.....sorry... just don't like it....Cheers, RickO

MsMorrisine

is it worth $881?

Patches

In the narrow area I watch...it seemed like auction results were all fairly soft.

TireKicker

<< <i>My first assumption is in the first sale at least two bidders liked the coin a bit too much either for the toning or for the upgrade potential. >>

keets

what darktone said.

joebb21

In 65 that coin is a 3k coin. That is my guess for the first time.
Second time same thing- just at a much lower gamble level

Broadstruck

11 vs 10 bidders

pmac

My guess - someone thought the toning was worth $2585, the $881 is closer to the value w/ CAC & toning.

Baley

Price for problem free NGC/PCGS coin in MS64: $480.(Registry values: P5, N491) (NGC ID# 253V, PCGS# 7090)

DennisH

Color mania is fickle.

And in reply to the question "is it worth $881?"... my answer is an emphatic no.

cupronik

What exactly does "Make offer to owner" mean?

I'm unclear on this aspect of HA prices realized.

Unknown

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Type2

No risk no reward. But i dont gamble like this.

SkyMan

I bet the second time the previous underbidder won it.

LindeDad

I sometimes wonder if the potted palms have a effect?

rec78

<< <i>What exactly does "Make offer to owner" mean?

I'm unclear on this aspect of HA prices realized. >>



Exactly what it says--just push the button and you can make a ridiculous offer to the owner to try to buy the coin. Usually the minimum offer is always 20% or more over the price realized. I do not know why Heritage offers this service but my thinking is that at their auctions, since the high bidder was not outbid anyone else who wanted the coin already put in his highest bid and certainly does not want to pay 20 % or more above the price realized for it-unless maybe quite a few years down the road.
If you push the make offer to owner button on this coin the minimum offer is $1056. You can offer more. I, personally, do not think that the coin is worth more than $500. But maybe someone out there will still pay moon money for toning. Not I.

Bob

BAJJERFAN

<< <i>What exactly does "Make offer to owner" mean?

I'm unclear on this aspect of HA prices realized. >>



It means that the owner would be willing to sell the coin and would pay Heritage a commish to do so. There are those folks who forget to turn that feature off.

AMRC

I am going to say that the loss of interest in toned coins would have some impact, but not that much!

BAJJERFAN

<< <i>

<< <i>What exactly does "Make offer to owner" mean?

I'm unclear on this aspect of HA prices realized. >>



It means that the owner would be willing to sell the coin and would pay Heritage a commish to do so. There are those folks who forget to turn that feature off. Further one can list some or all of his inventory with the Heritage MyCollection feature and use it as a way offer,advertise, list coins for sale. >>