Coin Community Family of Web Sites Join Thousands of Coin, Bullion, & Money Collectors
Coin, Banknote and Medal Collectors's Online Mall Vancouvers #1 Coin and Paper Money Dealer Royal Estate Auctions - $1 Coin AuctionsSpecializing in Modern Numismatics Royal Canadian Mint products, Canadian, Polish, American, and world coins and banknotes. Join Thousands of Coin, Bullion, & Money Collectors 300,000 items to help build your collection!








Username:
Password:
Save Password
Forgot your Password?


This page may contain links that result in small commissions to keep this free site up and running.

Welcome Guest! Registering and/or logging in will remove the anchor (bottom) ads. It's Free!

Questions About Selling On Heritage Auctions

To participate in the forum you must log in or register.
First Page  Showing last 15 replies.
Author Previous TopicReplies: 23 / Views: 21,502Next Topic Page 2 of 2
Pillar of the Community
Learn More...
United States
4598 Posts
 Posted 01/24/2015  2:54 pm  Show Profile   Bookmark this reply Add BStrauss3 to your friends list
If it is valuable enough to sell @ Heritage you are in the top 0.1% [guessing] of all ebay sales. Won't you be happier with the lower risk?

There are other auction houses who aim at different market segments... such as Great Collections, Lyn Knight, etc.

I have no personal experience w/selling through any of them...
-----Burton
50+ year / Life / Emeritus ANA member (joined 12/1/1973)
Life member: Numismatics International, CONECA
Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club
Owned by three cats and a wife of 40+ years (joined 1983)

Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/
New Member
United States
15 Posts
 Posted 01/25/2015  10:36 am  Show Profile   Bookmark this reply Add blu62vette to your friends list
Why not look at GreatCollections? Better fee structure and all they will execute the transaction for you just like HA. HA is at 17.5% on their fee, you need to have some real good stuff and high value to negotiate a better price.

You also get paid much quicker via GreatCollections.
Valued Member
United States
228 Posts
 Posted 01/25/2015  7:33 pm  Show Profile   Bookmark this reply Add Phaedrus29 to your friends list

Quote:
You can either consign your coins to Heritage.... Or, you can use HA as auction portal....


I am also currently trying to decide how to sell some coins, in the $1000-4000 range. Most of the coins would need to be graded...I think if you consign the coins to Heritage they will send the coins for grading themselves. Would they charge additional for that, and if so, how does that compare to the cost of sending them in myself? If HA is used as an auction portal, would it still have the same advantages over ebay as far as risk to the seller goes? Or do you only have the added protection for consigned coins?
New Member
United States
10 Posts
 Posted 01/25/2015  8:15 pm  Show Profile   Bookmark this reply Add provlima to your friends list
Judging from above posts, there is an inferred risk in selling through ebay in that the auction winner may make a fraudulent claim that the coin was SNAD which I guess is an abbreviation for not as advertised.
I take it that the scam involves the winner of the auction switching the graded coin with a lower graded one.

How would this work in the case of a coingraded and slabbed by NCGS? Would the recipient open the slab case and switch the coin out.

Is this a real ebay auction risk that happens regularly?

Edited by provlima
01/25/2015 8:18 pm
Bedrock of the Community
Australia
21788 Posts
 Posted 01/25/2015  8:29 pm  Show Profile   Bookmark this reply Add sel_69l to your friends list
You have to pay extra, if you want the security that Heritage offers.
Having said that, I would not bother with the most prestegious auction houses unless the individual lot has a potential value of at least $1k.
Pillar of the Community
United States
589 Posts
 Posted 01/25/2015  8:59 pm  Show Profile   Bookmark this reply Add Groszy to your friends list

Quote:
I know the danger exists but how would that happen with a PCGS slabbed coin?

I assume you mean the SNAD/eBay return thing...

You need to remember that being in a slab or not, being a coin or being a piece of high-priced technology, or being anything valuable, or really any item on ebay (but it's the high values where buyers tend to play games)...all a buyer needs to do is provide ebay with a tracking number that gets delivered back to you, the seller, and ebay will side with the buyer. The package sent back to you could be 100% air (i.e., empty)...it doesn't matter. It'd be up to you to prove to ebay the buyer sent you back something else/nothing at all. And that's really hard to do, since buyer protection trumps seller protection virtually 100% of the time.

Plus, I'm not sure if you have an ebay account, or if you've ever sold anything before, but if not, ebay does set pretty strict selling limits to new sellers. In order to increase those limits, you need to become a more established seller with positive buyer feedback, since ebay needs to protect buyers from nefarious sellers.


Quote:
Would they charge additional for that, and if so, how does that compare to the cost of sending them in myself? If HA is used as an auction portal, would it still have the same advantages over ebay as far as risk to the seller goes? Or do you only have the added protection for consigned coins?

Yes, they charge you for slabbing the coins. They'd probably be cheaper since they'd probably get bulk slabbing discounts, where you wouldn't, plus you'd have to get a membership with the TPG's (maybe not with ANACS, not sure) before you could submit coins or you'd have to find someone who had a membership (like a coin dealer) who could submit on your behalf (but they might charge you more for the grading than what it would cost since they need to make a living themselves)

As the risk to the seller, I could be wrong, but I'd say that HA is much safer, most auctions are, than ebay. After all, if they have return policies, they're set in stone (i.e., if they had a policy of 3 days, and a buyer tried to return it on day 4, no dice, no exceptions). Plus, if a buyer tried to return an item that wasn't what was sold to them, it wouldn't fly, after all THEY know what THEY mailed out, they don't need to worry about you mailing the items to a winner, so if someone should try something, they have the upper hand AND the the resources to seek justice. Again, I could be wrong, but that's how I've viewed it.
Valued Member
United States
228 Posts
 Posted 01/25/2015  10:21 pm  Show Profile   Bookmark this reply Add Phaedrus29 to your friends list

Quote:
Plus, if a buyer tried to return an item that wasn't what was sold to them, it wouldn't fly, after all THEY know what THEY mailed out, they don't need to worry about you mailing the items to a winner, so if someone should try something,
But above denco7 said:

Quote:
Or, you can use HA as auction portal, sellers fees are negotiable but usually are @15%. They collect the money, but it is up you to package and ship and insure the coin.
If you use HA as an auction portal, and you ship out the coins yourself, wouldn't there be the same risk of the buyer claiming that you didn't ship them the correct item?
Moderator
Learn More...
United States
23522 Posts
 Posted 01/26/2015  6:36 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list
There's always the chance of a sale going wrong for whoever's responsible for getting the item to the buyer. For coins of this value, better not to be that guy.

I'm going to side with blu62vette here (even though he has skin in the game ) and suggest GreatCollections as your appropriate venue. The fee structure is more favorable and they're straight-up coin geeks. Who work walking distance from PCGS.
Great Collections Representative
United States
33 Posts
 Posted 02/05/2015  11:47 am  Show Profile   Bookmark this reply Add greatcollections to your friends list
Who's a coin geek?!?
Pillar of the Community
United States
7375 Posts
 Posted 02/05/2015  2:57 pm  Show Profile   Bookmark this reply Add edweather to your friends list
Sure there are risks selling with ebay, but IMO they are pretty low. Also a seller can see who he/she is selling to. If the buyer looks risky, I think the seller can now just cancel the sale. If they are a good ebayer with a 100% rating and a thousand positive feedbacks on purchases, then it's almost risk free.
Bedrock of the Community
United States
10982 Posts
 Posted 02/05/2015  3:10 pm  Show Profile   Check BH1964's eBay Listings Bookmark this reply Add BH1964 to your friends list

Quote:
Who's a coin geek?!?


Not me or the equally loveable Ian Russell & Co.

And I agree that Great Collections is your best bet for coins in the $1,000 to $4,000 range, particularly if they're raw as PCGS grading through GC is just $10 per coin IIRC.
ANA #R3154474
Pillar of the Community
United States
7375 Posts
 Posted 02/05/2015  3:46 pm  Show Profile   Bookmark this reply Add edweather to your friends list

Quote:
And I agree that Great Collections is your best bet for coins in the $1,000 to $4,000 range, particularly if they're raw as PCGS grading through GC is just $10 per coin IIRC


I must admit that as a buyer I need to take a closer look at Great Collections. I've been a bit jaded against Heritage because I live in one of the states they charge sales tax. I think in NY, CA, and TX (if I'm not mistaken) HA charges sales tax. Those are huge population states, it has to hurt them a little.
New Member
United States
10 Posts
 Posted 02/05/2015  9:26 pm  Show Profile   Bookmark this reply Add provlima to your friends list
And I agree that Great Collections is your best bet for coins in the $1,000 to $4,000 range, particularly if they're raw as PCGS grading through GC is just $10 per coin IIRC.


Please explain Does GC charge $10 per coin for PCGS grading
if you consign a raw coin to them?
Valued Member
United States
228 Posts
 Posted 02/05/2015  9:31 pm  Show Profile   Bookmark this reply Add Phaedrus29 to your friends list

Quote:
Please explain Does GC charge $10 per coin for PCGS grading if you consign a raw coin to them?

$10 for non-gold coins valued under $300. $18 for coins up to $3000 value. And $30 for coins valued up to $20,000. Those are the PCGS and NGC prices.
Edited by Phaedrus29
02/05/2015 9:33 pm
Bedrock of the Community
United States
10982 Posts
 Posted 02/05/2015  9:41 pm  Show Profile   Check BH1964's eBay Listings Bookmark this reply Add BH1964 to your friends list
^^Yes^^ The coins I had them grade were at the $10 fee rate for sub-$300 pieces.

This link explains GC fee scale for raw coins: http://www.greatcollections.com/for...aw_coins.pdf

ANA #R3154474
Edited by BH1964
02/05/2015 9:41 pm
Page 2 of 2   Previous TopicReplies: 23 / Views: 21,502Next Topic Page 2 of 2
First Page  Showing last 15 replies.
To participate in the forum you must log in or register.


    




Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. Copyright 2005 - 2026 Coin Community Family- all rights reserved worldwide. Use of any images or content on this website without prior written permission of Coin Community or the original lender is strictly prohibited.
Contact Us  |  Advertise Here  |  Privacy Policy / Terms of Use

Coin Community Forum © 2005 - 2026 Coin Community Forums
It took 0.37 seconds to rattle this change. Forums