Home› U.S. & World Currency Forum

HA juices up the juice

DanCongDanCong Posts: 196 ✭
in U.S. & World Currency Forum
now minimum of $19 - which is a pretty damn big increase

Comments

  • delistampsdelistamps Posts: 714 ✭✭✭
    Only on really low value lots.
    HA auctions have been running late at night. This minimum increase will reduce the number of low value notes and speed things up. I'm ok with that. What do others think?
  • numbersmannumbersman Posts: 1,039 ✭✭✭✭
    I would be more surprised if the costs went down.I feel that Heritage may very well do better with a different approach.....rather than push out lower value items(if in fact that is a motivating factor),they should offer another level of service such as something comparable to an eBay fee structure(no minimum fee but rather a final value fee).I feel they will make more money long-term.
    Collector of numeral seals.That's the 1928 and 1928A series of FRNs with a number rather than a letter in the district seal. Owner/operator of Bottom Line Currency
  • techwritertechwriter Posts: 584 ✭✭
    Hmmm, 35.72 % increase.



    Maybe if the premium were to be lowered on the low value lots they would move out of inventory and be gone.?? or maybe a separate auction for the low value ones??
    Looking for CU $1 FRN 05232016 - any series or block. Please PM
    Looking for CU $1 FRN 20160523 - any series or block. Please PM

    Retired

  • DepressionscripGuyDepressionscripGuy Posts: 369 ✭✭✭
    I think it's a bad idea. It's already expensive enough. This will just drive low value lots to sit even longer. Why would you buy a low end lot when you add on the juice, you could end up spending more than the note is worth. This just might drive some business to competitors.
    Come and see a forgotten piece of history.....

    http://www.depressionscrip.com



    Always looking for more depression scrip -- PM me if you have any for sale or trade
  • SaorAlbaSaorAlba Posts: 7,541 ✭✭✭✭✭
    Originally posted by: numbersman

    I would be more surprised if the costs went down.I feel that Heritage may very well do better with a different approach.....rather than push out lower value items(if in fact that is a motivating factor),they should offer another level of service such as something comparable to an eBay fee structure(no minimum fee but rather a final value fee).I feel they will make more money long-term.




    image
    In memory of my kitty Seryozha 14.2.1996 ~ 13.9.2016 and Shadow 3.4.2015 - 16.4.21
  • HeywoodHeywood Posts: 1,246 ✭✭✭
    Just when I was planning on consigning a bunch of modern small size notes and other notes that I upgraded from.

    I think the BST is a bit low viability for these types, what else is there beside e-bay?


    A witty saying proves nothing- Voltaire (1694 - 1778)



    An error does not become truth by reason of multiplied propagation, nor

    does the truth become error because nobody will see it. -Mohandas K. Gandhi (1869-1948)
  • delistampsdelistamps Posts: 714 ✭✭✭
    Originally posted by: numbersman
    I would be more surprised if the costs went down.I feel that Heritage may very well do better with a different approach.....rather than push out lower value items(if in fact that is a motivating factor),they should offer another level of service such as something comparable to an eBay fee structure(no minimum fee but rather a final value fee).I feel they will make more money long-term.


    Perhaps a return to the weekly auction without a live feature for lower priced lots would enable them to lower some fees while speeding things along.
  • sellitstoresellitstore Posts: 2,870 ✭✭✭✭✭
    With the $14 minimum, a fair number of lots were selling in the weekly obsolete section for less than the buyers premium, some at only $1. The consignor is really getting a very bad deal with this material. Lot cheap material together for the benefit of the consignor, or $20 notes will sell for $1 plus the $19 buyer premium and the consignor gets 5 cents on the dollar. Ebay makes a lot more sense for consignors of cheap notes.
    Collector and dealer in obsolete currency. Always buying all obsolete bank notes and scrip.
  • gdavis70gdavis70 Posts: 256 ✭✭✭

    Sell your notes here for free:

    http://gradedmoney.com/

    I will be putting at least 150 new notes up there in the next month.

    AntiqueBanknotes • National Currency
  • MAM0912MAM0912 Posts: 73 ✭✭✭
    Where did you see this? Current auctions are still $14 minimum.
    Marty

    US Obsoletes esp NJ, WEB Notes,

    National Iron Bank of Morristown (#1113) and Irish Currency
  • TigerTraderTigerTrader Posts: 249 ✭✭✭
    By my thinking, at $19, nothing that will sell for less than $109 should be consigned without being in a group lot... or having a special deal on consignment.



    As mentioned above, the people who consign estates and get $1 or less for something selling for $20 with juice is not getting a good deal. But they obviously do not want that particular business either...







  • DanCongDanCong Posts: 196 ✭
    I went to bid on something last night and it came up with a message.


    IMPORTANT: Please note that for all auctions closing on May 14th, 2016, or later, excluding the categories of Sports and Movie Posters, the minimum Buyer’s Premium is $19. Please direct any inquiries to 214-409-1150 or Bid@HA.com.

    There are lots of notes for me where a very large percent of the cost is the premium. Even at $14 it is annoying to bid $6 to buy a $20 note. I would rather bid $170 for 10 $20 notes and pay a single premium of $30 (17.5%) then 10 bids of $6 and $140 premium. Of course - HA wishes they could charge $14 for just thinking about buying a note, but haven't gone that far yet.

    If handling low value lots is such a burden, bundle them into bigger dealer lots.
Sign In or Register to comment.