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 Replies: 23 / Views: 3,491 |
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Pillar of the Community
United States
1788 Posts |
Definitely cleaned and I wouldn't pay XF straight money for it. Although the cleaning isn't so bad it still should be details.
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Pillar of the Community
United States
1261 Posts |
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You have to adjust your eye to their pictures. The only way to do this, is by purchasing coins from them. I have good command of interpreting what a coin will look like inhand versus what they look like in GC's pictures b/c I've purchase a boatload of coins from them Doesn't matter, their pics are lousy and much worse than Heritage. |
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Pillar of the Community
United States
3540 Posts |
I love and hate the term "market acceptable".
Screams - "PROBLEM with COIN" or "CLEANED COIN" or "lowest possible condition for assigned grade" alert.
Just had a facebook discussion with a new dealer about "market acceptable" cleaning/enhancing (if you wish to call it a discussion) about "market acceptable".
Cleaned coins should be in a details holder.
"Conserved" coins....is tough to decide sometimes. Stopping obvious problems from continuing is fine. Otherwise, the coin would be lost.
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Bedrock of the Community
13014 Posts |
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I sold 4 coins on GreatCollections a month ago and I wasn't happy at all with how they photographed my coins. The two CAC coins looked washed out with hairlines and nothing like they do in hand. The one coin that the toning was too dark looked like a gem. The winning bids were disappointing too. I don't think I will buy or sell there again, at least, until their photos improve. I will say that I'd be further upset if I then saw one of them on a forum like this disparaging their appearance. Could not agree more. You are hardly the first to have had such an experience with them, my experience was very similar with poor photos and weak prices and many others have said the same on various forums. Unless it's a modern toner or something like that better material usually does better elsewhere. For me a couple of mine sold there sold pretty quickly for much better prices elsewhere which was just an extra punch to the gut. Their pictures do seem to be getting worse and worse. Why they keep wanting to wash out the surfaces of things to show tiny marks that don't matter I don't know but so much of the classic material looks awful in their photos Quote:
Doesn't matter, their pics are lousy and much worse than Heritage.  Even David Lawrence photos are much better and they have only been doing them instead of scans in their auctions for about a year. |
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Pillar of the Community
 United States
3479 Posts |
I should have known you had a dog in the fight, Baseball. Sorry for the poor results to both of you.  |
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Pillar of the Community
United States
3479 Posts |
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Like do you think it will sell for only a fraction of book price, or does the PCGS label keep the bidding pretty close to fbv? I doubt it will sell for a fraction of the price due to the rarity. This is one of the 'big three' very scarce civil war dates: 62's 63's and 64's. But I suspect it will sell on the lower end of Baseball's price range. You can sign up for a free account and watch it. Here's my original 62. Dick Osburn estimates that there are only 350 survivors.   |
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Bedrock of the Community
13014 Posts |
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I should have known you had a dog in the fight, Baseball. Sorry for the poor results to both of you. No dog in the fight just had to learn from experience the hard way not to send them better stuff or premium stuff with the exception of monster toned moderns and probably rare holders as well. They seem to do very well there in those areas. I wish they would fix their picture issue, I was hoping they would be a viable alternative but they went right along with the price hike the Heritage and Stacks did so they didn't even do anything to slow down the fees. They're an internet only auction house with no floor bidding so they live and die on the quality of their pictures. Considering they generally just take two pictures not writing descriptions or providing any additional info they should be doing a much better job with the pictures than they are. Between no floor bidding and minimal marketing at best of what they are selling where generally if you're lucky it'll get mentioned in a BST post on a chat forum or be one of 20+ scrolling pictures on the home page, I find their fees to be very high for what you get. Between the buyers sellers and listing fees for things under $500 they're getting almost 20% and the lower the price goes the higher their cut goes. 500-999 They're still getting at least 17.5%. Even over 1k it's still 12.5% plus listing fee unless you are one of the initial dealers who got fee cuts to sign up or you get them to budge off the fees some. I understand they have to make money that's fine, but for those fees when all you're getting is a picture and little to no marketing those pictures better be more accurate than they have been. It's to much of a risk to wonder if your items are going to look good or not. If they improve their pictures I will certainly change my opinion on them, but from what I have seem the pictures seem to be getting worse this year |
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Pillar of the Community
United States
4692 Posts |
Nothing like the awesome photos that Heritage takes. Of course, they charge more for that! I bought both of these coins from Heritage and these are their photos, and they didn't look nearly as awful as the pictures. Also, a few weeks ago I was watching a coin on GC with the exact same grade and holder as one for sale at a fixed price at DL, since I was interested in it...it sold for more on GC even before the buyer's fees than what the same coin is listed for on DL. I am not affiliated with GC, just trying to put out some facts.   Edited by jimbucks
07/24/2018 9:33 pm
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Bedrock of the Community
13014 Posts |
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Nothing like the awesome photos that Heritage takes. Of course, they charge more for that! The top Heritage picture isn't really bad. The 2003 one yes their pictures were terrible back then that's no secret, they improved them over the years though. They give you a lot more than photos though which you are paying whatever agreed upon rate for. You get live auctions, lot viewings, most things have some description or at the very least population information, have a larger buying base, and market their auctions. There's a reason why the top collections sell at Heritage, Legend or Stacks and why GC isn't getting million dollar coins or many six figure coins ect. Quote:
Also, a few weeks ago I was watching a coin on GC with the exact same grade and holder as one for sale at a fixed price at DL, since I was interested in it...it sold for more on GC even before the buyer's fees than what the same coin is listed for on DL. No two coins are alike unless you're talking about a modern 69/70 type thing. Of course somethings will sell for a little more there and some will sell for the same price no matter where you put it, that doesn't negate the criticism that consignors have made. Of course buyers love it, they get things cheap or outright steals more often than they should there. Bad photos, smaller buying base with a lot of dealers being part of it, lack of attention and descriptions, those are all good for the buyers where it keeps prices down but that's not what you want as a consignor. Something else to consider the GC consignor almost certainly paid a bigger fee than the DL one did. Edited by basebal21
07/24/2018 9:50 pm
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Pillar of the Community
United States
3479 Posts |
Thanks for weighing in Jimbucks! I agree those pictures suck but I understand what Chester and Baseball are saying. Lighter toned coins look washed out in GC pics but darker toned coins look drool-worthy. Here's a lustrous 1840 Seated dollar with CAC approval I purchased from Great Collections a few months ago. It looked kind of washed out in their photos but I took a chance because of the CAC designation. Boy am I glad I did. The first two pics are GC's photos. The remaining are mine and a better representation of what the coin looks like inhand:       |
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Pillar of the Community
United States
4692 Posts |
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Something else to consider the GC consignor almost certainly paid a bigger fee than the DL one did Not sure why you would state this, from GC website "The lowest seller's fees - 0% for coins/banknotes that realize over $1,000 or 5% for coins/banknotes $1,000 or under," So for a coin over $1,000 unless Heritage is paying the consignor to sell through them (maybe they are!) then how could the fees be lower? Does Heritage actually pay consignors? That would be good to know, the next time I am thinking about selling. But that's not too cool to treat sellers differently. |
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Bedrock of the Community
13014 Posts |
Mikes example is a perfect illistration of what we were talking about. The coin is  . I am confident that if it had his picture at least another if not several more bids would have occurred. Quote:
Not sure why you would state this, from GC website "The lowest seller's fees - 0% for coins/banknotes that realize over $1,000 or 5% for coins/banknotes $1,000 or under," So for a coin over $1,000 unless Heritage is paying the consignor to sell through them (maybe they are!) then how could the fees be lower? I was speaking of DL since that's who you had mentioned. Hard to know without the two coins being posted. As for the 0% fee at GC, technically that is kind of true. You pay a listing fee at GC for everything unless you get them to take that away so that's a selling fee. There is always a buyer fee which is really paid by the seller since most people back their bids off to account for it unless something is exceptional. So while technically you are paying 0% as a sellers fee you aren't paying 0% to sell there as you are paying a listing fee and losing the buying fee. As for Heritage and Stacks with substantial consignments or working with a dealer who gets part of it you can get part of the buyers fee. Some will do it and take a small percentage which is still a much better deal than their normal full fees which is why they're so high so you feel like you're getting a great deal when its negotiated down. I've seen people on different forums talk about dealers that get -5% and they'll do the consignment for -2%ish so the consignor still ends up with -3% which puts the fees very close to the GC fees and even under their fees for under 1k items. |
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Pillar of the Community
United States
1448 Posts |
Regardless of what the plastic says, the coin in the original post is a problem coin to me. This is why I like collecting my coins in albums. The coin should speak for itself, not the plastic. this wouldn't be a market acceptable cleaning in my book.
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Pillar of the Community
United States
3479 Posts |
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CCF Advertiser
United States
1533 Posts |
Yes, Heritage pays consignors for good material. You can get 0 to -5% sellers commission on sales.
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Replies: 23 / Views: 3,491 |
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Posted 07/24/2018 1:13 pm
