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 Replies: 250 / Views: 48,773 |
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Pillar of the Community
United States
620 Posts |
I just say this topic but for what its worth the coin you found sure looks real to me.
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Pillar of the Community
United States
8904 Posts |
Edited by Moe145
08/03/2012 7:09 pm
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New Member
 United States
44 Posts |
i should have kept it. Heritage screwed me. I was quoted $6000 - $8000 when they thought would grade XF. Instead it gets an AU50, and $4993.00 is the hammer price? The consignment guy's exact words were "it looks much better in hand than in the photos". I compared this coin to the most recent sale of similar coin. AU50 with environmental damage went for $18,400 just this past April. Using that as a base figure I expected the lowest I might receive might be around $12000. So what do you guys think....did I get messed up?
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New Member
United States
44 Posts |
I honestly think I could have done better selling it myself. On ebay even! I have some rare artwork....Heritage will never see it! |
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Pillar of the Community
United States
1193 Posts |
Joe I was honestly shocked to see the price realized.
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Pillar of the Community
United States
558 Posts |
In my opinion the auctioneer closed the bidding early. I believe more bids would have come in.
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Pillar of the Community
United States
3453 Posts |
I did not see the actual sale but thought it would go a bit higher - I am surprised to see the end price as well.
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Pillar of the Community
United States
3453 Posts |
I feel like I need to amend my answer above since I do not like playing Monday morning quarterback. Yes, I was surprised to see what it went for - honestly I was thinking around $8000 but I am absolutely no expert. With that said, if I were in your shoes, knowing what you know now, I would still go with Heritage. While it sounds like the hammer was dropping fast, I would not deal with ebay for something like this. Just think if you had, gotten a higher price, shipped the item and then wound up fighting for your money. For a found piece, I personally would prefer the peace of mind that it is done, I have the money and no one will come back after me with a bogus claim. Just my Two Cents (although I do think it was a little low). |
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Pillar of the Community
United States
1370 Posts |
I will say I was surprised as well. At that price someone got a steal. not sure if it was the description that killed it referencing the mark/scratch on the reverse on the eagle or mentioning that it had some slightly porous areas. Heritage does have to cover their butts with the description however I feel this description (and keep in mind we haven't seen this one in hand) was particularly harsh.
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Pillar of the Community
United States
4132 Posts |
I don't think you got screwed. Maybe on a different day or a different auction it would have gotten more, but that's auctions. Any estimate is just an estimate. And it is a problem coin. Every collector discounts for problems in different ways, even for a coin this scarce.
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Valued Member
United States
408 Posts |
Sorry it came up so short of your expectations. Any auction is
a huge gamble and many factors enter in the high and low prices
on similar items. I wish it would have worked out better for you
but finding $5000 laying on the ground is a good day. Hang in there.
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Pillar of the Community
United States
4337 Posts |
$4993 less auction fees? You should have kept it. Hindsight is 20/20
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Bedrock of the Community
United States
36746 Posts |
That's the chance you take with auctions, some go above expectations, some below. Seems it should have gone higher but not sure what kind of sale they were doing. Those tied to big coin shows like ANA usually do far better. You can't beat yourself up over this though, all the shoulda woulda's don't matter now. You made some decent money on a find so now you need to go out and do it again. |
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Bedrock of the Community
United States
10982 Posts |
It went low but you still have a windfall of a find!
Hindsight is 20/20. In the future try to sell in the fall or winter. Summer is a tough season for sales.
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Pillar of the Community
United States
7840 Posts |
If it were the other way around, you being the buyer instead f the seller, you would not have these feelings. Like others have said previously, auctions are a gamble, sometimes it is in the sellers favor, sometimes in the buyers favor. I am certain that Heritage would have wanted the coin to sell for more as well, more profit for them.
Overall, I fell that you did well for a "found" coin.
Edited by oih82w8
08/07/2012 09:01 am
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Replies: 250 / Views: 48,773 |
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Posted 08/03/2012 7:08 pm
