One way to get a coin that you need and cannot find elsewhere...

RYK · February 27, 2013 6:18AM

is to locate it in the Heritage auction archives, find the ones that meet your criteria for grade, price, and quality, and keep making offers until someone accepts it. I have learned that "if you throw enough crap against the wall, some of it will stick".

1900-S $10 is on the way.

CoinRaritiesOnline · February 27, 2013 6:19AM

Excellent!

coinlieutenant · February 27, 2013 6:20AM

Way to go!

RYK · February 27, 2013 6:22AM

JA, please feel free to use my quote on your website in the Notable Quaotable section.

BillJones · February 27, 2013 6:35AM

Wow!

You actually got that to work. I tried a couple of times and got no responses. I was contacted one time about coin I have and turned down the offer because the coin is virtually irreplaceable (tied for finest graded), and the offer was not outrageous enough to get me to sell it.

There are a couple of coins with signs on them that made me consider going after them, but I figured after I paid Heritage a 10% fee plus whatever the profit the owner needed to get, I'd be buried in the piece.

erickso1 · February 27, 2013 6:47AM

Very cool. A lot of people don't like the feature, but I've always thought the "it doesn't hurt to ask" approach yields more results then not trying at all. We're going to waste time anyway poking around Ebay and websites, so I figure this isn't that much larger a waste of time, and I know where the coin I want is.

Way to go!

markinsd · February 27, 2013 7:38AM

I just got an offer on HA for a coin I sold a few months ago.. The offer was 1/3rd higher $800 bucks.. UG..

DIMEMAN · February 27, 2013 7:41AM

What if you haven't got enough "CRAP"!!

Lakesammman · February 27, 2013 7:46AM

That's a rather unseemly route - I'd rather be patient.

RYK · February 27, 2013 8:34AM

<< <i>That's a rather unseemly route - I'd rather be patient.

>>

This is not a once size-fits all strategy, and, in fact, it really should only be used sparingly. I really wanted one of these and was annoyed that this "generic" piece was so hard to find. So, I forced one out into the market. I will buy another when the opportunity arises.

Edit: Did I mention that it was in an OGH?

MidLifeCrisis · February 27, 2013 8:37AM

2ndCharter · February 27, 2013 8:40AM

Nice job, RYK and I'm glad someone has had success using that feature. Last year, I made an offer on an item, was ignored, and then, a couple of weeks later, I went into the Heritage archives to make an even higher offer and the winning bidder has turned off the "Make an Offer" feature. (And no, it wasn't a case of the bidder having sold the item. I know the winning bidder and he still has it).

Broadstruck · February 27, 2013 9:03AM

You must have thrown enough crap to crack the wall

I've made like over 100 unsuccessful offers and it's not fun to wait 72 hours while the smoke signals are sent just to be rejected.

coindeuce · February 27, 2013 9:42AM

Heritage used to send along a voucher with auction lots I bought, that afforded me the opportunity to consign the particular lot back to them for no fees at a future auction. Now they just take it for granted that they deserve a 15% commission if I don't opt out of their post auction listings of my winnings that they would have helped me sell for free up until a certain point in their genesis.

bidask · February 27, 2013 9:51AM

I turned down 3 offers.

WingedLiberty1957 · February 27, 2013 9:54AM

I have yet to have that technique work for me

One offer I made was 2x the PCGS price guide and 2x the price the seller paid

Not only did the seller not accept ... I never heard anything at all from the seller (boo or otherwise)

I almost get the impression that the seller did not get my offer.

keyman64 · February 27, 2013 9:56AM

I sold a coin this way once, less than 24 hours after the auction ended.

Congrats to finding a new one!

erickso1 · February 27, 2013 10:05AM

We do this all the time in the bond market (at least in Muni's). I call it "pinging" the market. You never know if your intended target will rise to the surface. Or if you'll get crickets back. But it doesn't hurt.

coindeuce · February 27, 2013 10:49AM

<< <i>We do this all the time in the bond market (at least in Muni's). I call it "pinging" the market. You never know if your intended target will rise to the surface. Or if you'll get crickets back. But it doesn't hurt. >>

I'd rather hear the cows bellowing from another venue.

RYK · February 27, 2013 11:53AM

I have only sold one coin this way. It was a coin that I regretted immediately after I purchased it, and someone bailed me out of it about a month later (for a small profit).

One way to get a coin that you need and cannot find elsewhere...

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