You know those "mkae an offer" on Heretage....
Realone
Posts: 18,519 ✭✭✭✭✭
totally nonsense, I have made no less than 50 offers, first just following the suggested offer request and then upping to moon money, rejected 49 times out of 50. The only time I received a counter offer was a coin that sold a short while back at a crazy price, and they wanted 40% over what they just won it at and now it is a buy it now at that price, with no takers. A total waste of time. Lastly I initially just went by the minimum allowed becasue that is what the gals at heritege told me to do, that is what they said should be accptable to the consignor, typically it is 15% over what they bought it at to cover selling commissions, but that price can be changed by the consignor to read whatever min they need.
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Good idea, in principle, but still needs some work on the details, IMO.
You know those "mkae an offer" on Heretage....
<< <i>Geez, Al....talk about a botched title....
You know those "mkae an offer" on Heretage.... >>
No kidding! He out-Guru'ed Guru.
<< <i>STFURYK.
ESAD MoFo
are not as stupid as we may look!
Camelot
<< <i>In other words, the members of this forum
are not as stupid as we may look!
Bear, I wouldn't bet the donut money on that!
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<< <i>I usually receive 2 or 3 offers per month on items I have purchased over the years from Heritage (Comics, not coins). I have never taken anyone up on them, they are usually hot items, Amazing Fantasy #15, first Spider-Man, for example, that I have already sold or are worth much more than they offer. I would be surprised if many purchases are made this way. >>
Are you saying you have no interest in selling when receiving offers? >>
Sometimes I have already sold the item, but if the right offer comes along I will, but it would have to be much better than the 20% or so usually offered.
In honor of the memory of Cpl. Michael E. Thompson
At the very least they should only post the make an offer from a seller who is willing to listen to offers and make a counteroffer. Not just to see what people will offer
I like HA, ( except that when I contacted them this year they told me (with an attitude) I had to have a minimun of $5000 in coins to sell for them to list them, I was asking about one medal I have, later that week I sent over $7500 in coins to Teletrade)
I think theu have to tweek this new program, right now it just seems to be wasting peoples time.
It seems pretty simple, HA should email all its past buyers and ask if they still own the coin,and if they are willing to sell it through Make an Offer.
(1) The Make Offer to Owner program was instituted largely because we receive numerous inquiries from would-be purchasers asking us to pass along offers. The program formalizes that process, but still keeps it anonymous.
(2) Because this is in response to inquiries from would-be buyers, we enabled offers for all eligible items (for US coins, this is basically anything bought in a Heritage Auction for more than $417 by someone who has a valid e-mail address on file; there are a few other criteria as well).
(3) If you make an offer, it may be (1) accepted; (2) countered; (3) rejected; or (4) ignored. If the offer is ignored, which means that the owner in our records does not respond after 72 hours (which can happen for any number of reasons such as the owner of the item simply being away from the computer for a while), it is automatically rejected. Yes, we do sell items this way. In the future, when the program is expanded to all of our collectible types, I expect it to be exceptionally popular for more one-of-a-kind items such as currency from specific areas, postal covers, autographs, and so on.
(4) We're quite aware that not all items are owned by the same person who bought them from us. If you receive an offer on something you no longer own, just turn it down.
(5) You can disable offers on as few or as many of your eligible coins as you like, through MyCollection. If you want to disable offers on all eligible items, go into MyCollection and click on the link that says "Click Here to Disable Offers". If you want to disable offers on only a few items, click on the checkbox to the left of the items you wish to disable, go to the "Select Action" dropdown, choose "Not Taking Offers", and click "Go".
If you have any specific questions about the program, please contact me directly, at stewarth@ha.com, or by phone at 1-800-872-6467 x1355.
Stewart Huckaby
mailto:stewarth@HA.com
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Heritage Auctions
Heritage Auctions
2801 W. Airport Freeway
Dallas, Texas 75261
Phone: 1-800-US-COINS, x1355
Heritage Auctions
One thing that might help is indicating very clearly to potential buyers that in many cases, the coins are no longer with the original buyer, many owners have disabled the offers, and many owners cannot be reached in this way. That way, folks like Realone will not have very high expectations and will not likely be disappointed. In other words, underpromise and overdeliver, rather than the other way around.
Laura's alternate ID??
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<< <i>I usually receive 2 or 3 offers per month on items I have purchased over the years from Heritage (Comics, not coins). I have never taken anyone up on them, they are usually hot items, Amazing Fantasy #15, first Spider-Man, for example, that I have already sold or are worth much more than they offer. I would be surprised if many purchases are made this way. >>
Are you saying you have no interest in selling when receiving offers? >>
Sometimes I have already sold the item, but if the right offer comes along I will, but it would have to be much better than the 20% or so usually offered. >>
This is what I am talking about, you are in charge of the min price, if you want more than 20% then fill in the min price that is acceptable to you (that is only right after all it is your property), otherwise this is aq total effort in futility. >>
Why would a collector be so foolish as to put in a min price? It's one thing if someone wants to sell, and be a business, but if one is a collector and the coin is for the collection, why put a price on it?
Smarter to leave it open and maybe someone will offer you that extra 30%+ instead of 20%. So, if you put in that min price, you are leaving money on the table.
Case in point....I have a ddo lincoln. I have no desire to sell it (though, I know I could get more than I paid for it from 2 years ago). If I thought about it, there may be a price that I would put on it (replacement value/time+some extra $) but, I wouldn't think of doing that. Instead, I will keep it. If someone saw it and offered me 2x what I paid (unlikely), then maybe I would (or maybe it would be less or maybe more). If I put a price on it, it would be stupid high and some fool would start a thread whining about the unrealistic price, or it would be too low and I would feel stupid for leaving money on the table.
The above goes out the window at the point someone WANTS to actively sell that coin(s).
I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment
- Only list coins that are on the market. I wasted a lot of time making offers on coins that the owner then basically said were not for sale.
- The listed amount needs to be at a level that will buy the coin. The make an offer could then be below the List for consideration.
- Don't list any of my coins in the program without prior approval.
- Make sure the owner still has the coins before offering the sale.
Heritage is first class in many ways, but the Make an Offer program does not meet the expected standard of service.
Dave
Link to 1950 - 1964 Proof Registry Set
1938 - 1964 Proof Jeffersons w/ Varieties
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<< <i>I usually receive 2 or 3 offers per month on items I have purchased over the years from Heritage (Comics, not coins). I have never taken anyone up on them, they are usually hot items, Amazing Fantasy #15, first Spider-Man, for example, that I have already sold or are worth much more than they offer. I would be surprised if many purchases are made this way. >>
Are you saying you have no interest in selling when receiving offers? >>
Sometimes I have already sold the item, but if the right offer comes along I will, but it would have to be much better than the 20% or so usually offered. >>
This is what I am talking about, you are in charge of the min price, if you want more than 20% then fill in the min price that is acceptable to you (that is only right after all it is your property), otherwise this is aq total effort in futility. >>
Why would a collector be so foolish as to put in a min price? It's one thing if someone wants to sell, and be a business, but if one is a collector and the coin is for the collection, why put a price on it?
Smarter to leave it open and maybe someone will offer you that extra 30%+ instead of 20%. So, if you put in that min price, you are leaving money on the table.
Case in point....I have a ddo lincoln. I have no desire to sell it (though, I know I could get more than I paid for it from 2 years ago). If I thought about it, there may be a price that I would put on it (replacement value/time+some extra $) but, I wouldn't think of doing that. Instead, I will keep it. If someone saw it and offered me 2x what I paid (unlikely), then maybe I would (or maybe it would be less or maybe more). If I put a price on it, it would be stupid high and some fool would start a thread whining about the unrealistic price, or it would be too low and I would feel stupid for leaving money on the table.
The above goes out the window at the point someone WANTS to actively sell that coin(s). >>
Holy chit I can't believe Bochiman wants all sellers not to post their prices or in this case their minimums, great idea
How about you READ and COMPREHEND? It really isn't that difficult.
I said "collectors" shouldn't post prices. Note, at the end of my quote where you jump to conclusions, that I said if someone WANTS to actively sell the coin(s) then what I said above didn't apply? That would make them a SELLER rather than just someone who bought a coin and is open to entertaining offers.
Sorry that reading comprehension is trumped by your having to try to be funny or just not being able to read something before you speak.
I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment
I would have netted about $2700 on this coin in my PCGS Registry. I rejected the offer.
So if I were to get an unexpected offer on something I have no intention of selling, I would expect at least double what I paid for it just for the annoyance factor alone.
<< <i>As a Heritage Legacy member, I am embarrassed by the 'Make an Offer' program. I took the time to talk to a representative at Heritage to express dismay and offered the following suggestions for improvement:
- Only list coins that are on the market. I wasted a lot of time making offers on coins that the owner then basically said were not for sale.
- The listed amount needs to be at a level that will buy the coin. The make an offer could then be below the List for consideration.
- Don't list any of my coins in the program without prior approval.
- Make sure the owner still has the coins before offering the sale.
Heritage is first class in many ways, but the Make an Offer program does not meet the expected standard of service.
Dave >>
We have had much (unsolicited) feedback from a number of our customers on this Heritage program.
Now the people who run the show at Heritage are very smart, but I think they underestimate the loss of goodwill they have generated from they way they currently run this potentially lucrative program. A brilliant business idea is being mishandled, IMHO.
Coin Rarities Online
<< <i>... A brilliant business idea is being mishandled, IMHO. >>
Well said Dave. And, while the former is not unexpected, the latter is out of character for Heritage.
<< <i>For clarification:
(1) The Make Offer to Owner program was instituted largely because we receive numerous inquiries from would-be purchasers asking us to pass along offers. The program formalizes that process, but still keeps it anonymous. >>
It sounds like a great idea.
<< <i>(2) Because this is in response to inquiries from would-be buyers, we enabled offers for all eligible items (for US coins, this is basically anything bought in a Heritage Auction for more than $417 by someone who has a valid e-mail address on file; there are a few other criteria as well). >>
Rather than enabling offers on all eligible coins, I think it would make more sense if the current owner of a coin could activate it if he or she wanted to consider offers. In that way, if the current owner does not activate the coin, then it would not appear in the Make an Offer program.
<< <i>(4) We're quite aware that not all items are owned by the same person who bought them from us. If you receive an offer on something you no longer own, just turn it down. >>
It would be best if the current owner of any coin in the HA archive (even if they were not the original purchaser from Heritage) could activate it if they choose. I suppose this would require that they prove they own it, but that seems like a reasonable requirement for any owner wishing to receive offers.
<< <i>(5) You can disable offers on as few or as many of your eligible coins as you like, through MyCollection. If you want to disable offers on all eligible items, go into MyCollection and click on the link that says "Click Here to Disable Offers". If you want to disable offers on only a few items, click on the checkbox to the left of the items you wish to disable, go to the "Select Action" dropdown, choose "Not Taking Offers", and click "Go". >>
As I noted above, it would make more sense to me if the default setting for any coin in the HA archive was 'inactive', and that only coins which the current owner chooses to activate would appear in the Make an Offer program.
How dare you use logic in discussion in this forum!
<< <i>JA woth CRO lays it out perfectly, weird that all of Heretage couldn't.
So now to the next step, Heretage says all deals to consumate the transaction are binding, yet Heretage doesn't have possession of the coin , in factt they aren't even sure the owner of the saod coin is still in fact the current owner. Either way i would like to know how Heretage enforces a transaction to be consumated, how do they guarantee that the transaction is binding on both sides? I personally believe Heretage is barking up the wrong tree with this, and their sights are solely on another commission check wihtout taking into account that once again possession is 99% of the law and they are just baiting potential buyers with an impossible promise they can't really keep. >>
Realone, are you auditioning for a guest "Hot Topics" blog at Legend?
Dave
Link to 1950 - 1964 Proof Registry Set
1938 - 1964 Proof Jeffersons w/ Varieties
Stewart Huckaby
mailto:stewarth@HA.com
------------------------------------------
Heritage Auctions
Heritage Auctions
2801 W. Airport Freeway
Dallas, Texas 75261
Phone: 1-800-US-COINS, x1355
Heritage Auctions