Getting a bunch of Heritage offers. Anyone else?
Weiss
Posts: 9,942 ✭✭✭✭✭
Heritage allows you to receive anonymous offers for items you've purchased through them, with Heritage acting as intermediary, in exchange for 10% commission. It's a nice feature and it doesn't cost you anything, and you can opt in/out as you like. At the least I'm flattered when another collector thinks highly enough of one of my pieces to reach out with an offer, and it's a nice reinforcement that you made a good purchase when someone else offers you more than you paid.
I've gotten 2 or 3 over maybe the last 2 years. And I've made an offer on 2 items (both rejected).
But in the last week I've gotten 4 offers--three on one item (now up to more than double what I paid 16 months ago). And another offer on a different item that was not much more than I paid for it back in '17.
Are you seeing an increase in offers? Are you making more offers? Is it a function of Covid or the economy? A suspicious person would be a little suspicious. So I'm kind of suspicious.
--Severian the Lame
Comments
Same here. I'm guessing dealers are having a hard time on the supply side. Nothing more than that.
The world has changed. Sellers have yet to catch up to that fact and admit that their "treasures" may not bring what they used to. Don't be generous and don't be surprised if offers you make are turned down. After a few more months the prices will start coming down when the mortgage company wants the jumbo loan on the mega-mansion paid.
No but then I haven't bought anything through Heritage in the last ten or so years, I'm not even sure if I have the feature enabled or not as I don't think I've even logged into Heritage more than twice in the last five years. Their high buyer fees, and the apparent disregard/willingness by other bidders to pay them makes Heritage a nice research resource but not a buying venue imo.
My Collection of Old Holders
Never a slave to one plastic brand will I ever be.
Lately only on things that after the commission and shipping I would end up in the hole financially by selling.
What's to be suspicious about? It's through Heritage so you know you're covered. I'm sure with the all the shows shut down, dealers and collectors are looking at all the avenues to acquire new material.
Member ANA, SPMC, SCNA, FUN, CONECA
Last summer I received an offer on a coin that I had owned for a little less than 3 years. I turned the offer down. Another offer was sent and I turned it down. Then another offer. I turned it down. I made a counter offer for over 5.5 times what I had paid. The offer was accepted. I did not want to sell but it would have been stupid not to sell. The coin did not have a CAC sticker. Unreal!
Nothing here, but I probably don’t have that many pieces marked,”Make an offer.”
@weiss what have you had three offers on?
None for me. Apparently I purchase coins nobody wants...
I've found HA to be straight shooters with strong realistic money offers from seasoned professionals. Personally I believe the economy has a lot of bubbles of crazy money out there, such as premiums on precious metals. I'd take the money and run.
None of my coins are open to offers, but I have bought many coins that way.
This one:
--Severian the Lame
Could it have been a cherrypick?
Yup ...... received a letter too; probably figured many is strapped and hot to sell
I got two such offers this week.
Coin Rarities Online
Got an offer on a note less than 24 hours after the auction closed! It was a national with a census pop of 2 fir the type. I kept the note!
after paying for a coin that I had won, I received an offer to buy which I turned down. I then chose to opt out of all future offers and have not received any other offers since.
Kennedys are my quest...
If I had the money, I'd skip the dealers, eBay, shows, just everyone and go right to the private collectors and show them precisely where I am at. Saves everyone time and money and Heritage serves as an intermediary. Honestly, it really makes me wanna buy their stuff more now. That's really cool.
people sitting at home, nothing else to do, spending time on the internet even more than ever before ...
I made some generous offers on difficult local Civil War tokens and was rejected. Then the owner removed the option from their coins
Latin American Collection
I wonder if Heritage themselves are making offers.
Great transactions with oih82w8, JasonGaming, Moose1913.
How would you go about doing that? If the collectors are private how would you find them? I would love to buy directly from private collectors.
It sure finds the HIGH prices quickly.
I scroll down the page looking for "Make offer to owner" and all the ones that went down for over current market pop up.
To be expected, I guess.
Don't think so. It is now listed as a make offer to owner ,at Heritage ,at more than he paid. Very strange.
Received and accepted a offer from them about 5 years ago. I've had one of my purchases up for grabs for at least five years with no offers so far. About three weeks ago I got an offer for a coin I wasn't looking to sell and it was so good that I accepted. Who knows if they really had a buyer or if they were buying for their own account. 17.5% on the purchase, 10% on the sale and I still made good money. Bottom line it was a generous and fair offer and I'm happy.
it's crackers to slip a rozzer the dropsy in snide
Junk mail. Computer generated. Just like everyday offers for credit cards. Life insurance. Refinance a loan. Cruise ship vacations. Buy this. Sell that. We're here for you! ........ Why ask?
I remember once a coin for which I made several offers and were declined. Later on, the same coin was bought by me on eBay for a fraction. As of today I never knew why if they really wanted to sell, they rejected the offers yet went on eBay, and sold it, for a fraction...
I would imagine that the offer you submitted through Heritage went to the person (email address) who purchased the coin through Heritage. However, if they had already sold the coin then they might ignore the offer and move on. You, then, may have purchased the coin from a party further down the ownership chain of the coin and who was never made aware of your interest or offer.
In honor of the memory of Cpl. Michael E. Thompson
@Weiss the Make Offer to Owner program through HA.com has seen an uptick in activity lately. In all seriousness, congratulations on having bought the sort of coins over the years that collectors are happy to make offers on!
Yep.
Got my first offer ever yesterday.
Weird.
Nope. I must collect complete trash.
I’ve only received one offer, maybe 3-4 years ago. Didn’t really want to sell, and rejected it. Didn’t hear anything for a few months, and then I got a second (higher) offer. Same coin. Rejected it as well. This went on for several more iterations, with each offer higher than the last. It was likely the same potential buyer, but who knows. After four or five offers, over 8 months, I finally counted at 3x what I paid, figuring they would go away. Nope, they accepted. I still miss the coin!
Dave
Heritage reached out to me a couple of days ago about the other coin on which an offered had been made, and indicated their client was very interested in acquiring this coin. What would it take?
Their client offered less than 20% over what I paid 3 years ago after the HA commission of 10%.
20%? Three years later? Very interested?
I'm not fishing for compliments and everything is for sale. But 20%?
--Severian the Lame