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Question about Heritage  

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Pillar of the Community
United States
1560 Posts
 Posted 01/10/2017  10:42 pm Show Profile   Bookmark this topic Add MikeF to your friends list Get a Link to this Message
So I understand it's the day after the fun show and collectors are probably running low on funds but I noticed several items that I was watching disappear in tonight's internet auction.

The only trace of them on Heritage live is a generic message saying 'this item has been withdrawn'. I click on the link to the coin and it brings me here.

So my question is have any of you ever sold items on Heritage? Are you able to yank an item if you don't think there will be demand for it? I think it's important for everyone to have an exit plan and I'm just trying to understand how it works on the backend of coin collecting.
Hi, my name is MikeF and I suffer from Seated dollar fever. Starting a twelve step program next week.
Pillar of the Community
United States
598 Posts
 Posted 01/10/2017  10:54 pm  Show Profile   Check Collects82's eBay Listings Bookmark this reply Add Collects82 to your friends list Get a Link to this Reply
I'm unsure about Heritage's policies. But for all of the coins I was watching, I felt all of them but 1 brought pretty strong money. I'm generally feeling like a winner for still having my cash right now.
My hoard of '82s is up to 111! 282 x 1, 782 x 2, 982 x 1, 1182 x 6, 1282 x 2, 1382 x 1, 1482 x 2, 1582 x 9, 1682 x 10, 1782 x 26, 1882 x 33, 1982 x 18
Pillar of the Community
United States
9996 Posts
 Posted 01/11/2017  1:32 pm  Show Profile   Bookmark this reply Add moxking to your friends list Get a Link to this Reply
There are three possibilities. The first is that the seller, as you suggested, was idiot enough to pull the item prior to sale as they didn't think the price was high enough. Note that the seller STILL has to pay Heritage the minimum fee for the sale, even though it wasn't sold. That's why I use the unlovely term idiot. Not only didn't they wait to get a better idea of the real selling price, but they still have to pay money.

Second, Heritage could have been informed by an educated specialist or knowledgeable collector familiar with the series that it is a counterfeit coin. It doesn't happen often, but it does happen on rare occasions.

Third, Heritage could have been informed that the coin had been stolen, or that there was some legal question as to ownership.

Pillar of the Community
United States
1499 Posts
 Posted 01/11/2017  3:10 pm  Show Profile   Bookmark this reply Add billjones to your friends list Get a Link to this Reply
Some prices were pretty strong in that Heritage after FUN sale. I threw up a retail price bid on an 1835 quarter eagle that had been lightly cleaned, and still didn't get it.

The Heritage customer base is so big that you can never think that you are going to get bargains in the after FUN sales. Some of the people who went to the FUN show might have been tapped out, but there were still many more people to replace them.
Retired Dealer and long time collector
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