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Posts posted by jpcienkus
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When you sign up for an account, the default setting is that every coin you win will automatically go into the "Post auction buy it now".
I think you mean 'Make Offer to Owner'(?), none of my wins at HA have ever been put into a Post Auction Buy it Now.
Best, HT
You are right. I was using the wrong terminology.
I admit, that when I was typing my response, I was too lazy to look up the actual phrasing. My overall point was it's a default setting that can be changed and not an indication of anything nefarious.
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Interesting accusations. Can the OP provide more specific support for them? What about other major coin auction companies?
Don't mean to accuse Heritage. But I am feeling that they are not real auctions, where if there is no real demand, you can swoop the the item for a better price. It's a rigged system, where if those coins are not having enough bidders, the house competes with me knowing what my secret / proxy bid is. So, secret bids are not a secret!
I am just saying, its unfair practice, though they have it somewhere when you sign up.
Now, this makes free market theory invalid if we want to track values of the coins, in addition to crack-out re-grade to get a better grace from TPG's!
If they claim to be gold standard in selling coins, I would assume they should not have this unfair advantage.
I do not buy from other coin auctioneers, so, I do not know. But, if everyone does that, the whole coin auction market is rigged! (BTW, I am not the end of the world guy)
I've purchased many, many coins at HA. I believe they are very transparent with coin values. At the bottom of EACH listing, there is a table of recently sold material and another table listing pricing from a variety of sources. They are the only auction house to provide so much pricing information in the listing. If you believe the coin you want is priced too strongly, then don't bid on it. Due to the sure size of HA's auctions, they attract many buyers and dealers, so the competition for nice material is high. While I've paid strong premiums for coins at HA, I've also been able to win auctions at favorable prices.
When you sign up for an account, the default setting is that every coin you win will automatically go into the "Post auction buy it now". Those prices are always inflated over the auction price. My recommendation to you is to stay away from these. On my account, I turned this off. None of the coins I win are available for Post Auction Buy it Now. I'm buying coins for my collection, but many of the winners are buying them for resale.
I've also won coins at Legend, Stack's, Scotsman's, Great Collections and eBay. In all cases, it's best to do your homework before the auction. That includes deciding what your max bid will be on a particular coin. In any situation, if the coins rises above your comfort level, than don't buy it. However, IMO, you'll need to pay above average market value for eye appealing coins.
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Some great NEWPS!
Orifdoc, all I can say is WOW! I love those Peace Dollars.
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I love the die crack on that large cent Neko!
Cool color on that Australian copper.
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PKLEM: That's a beautifully toned Peace Dollar!!
Kenneth: Nice score on that Battlecreek. I haven't seen many from that hoard above 64, let alone 66*. Very nice!
Clarkbar04: I love the look of that WLH!! From the coins I've seen you post on this site, you must have a beautiful collection.
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Very nice color. Any info on the aurora orban collection?
Sorry no. I don't think it has much panache. I just liked the coin.
Heritage was selling many, many toned coins from this particular collection.
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That's a beauty Joe.
Thanks Irvin. I waited to post pictures until I got it in hand. I'm very happy with the coin.
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Great New additions to all.
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Nice SLQ's Elbesaar.
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Your Toned Frankie set is really sweet Danye. You're latest is one of my favorites.
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Great looking Frankie Danye!
Very nice Peace Dollars too!
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More great looking NEWPS everyone.
Love the color on those Buff's Joe.
Beautiful Old Gold!
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Elbesaar, thank you for your nice comments. Coming from such an experienced collector (who's coins are amazing) it means a lot to me!
Joe
For the love of copper
in US, World, and Ancient Coins
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