I Need Some Suggestions/ Help About Auction Sites

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Author	Replies: 6 / Views: 2,060
20trophy New Member United States 10 Posts	Posted 07/07/2009 5:49 pm I am thinking of selling some coins with heritage auction and what they suggest is send them the coins and then they will send them to get graded and slab. ....Or should I send them in myself and get them graded then when they return , talk to heritage about auctioning them. Also has anyone used them for selling coins and how is there service. They are telling me they retain 10% of the selling price. Or is there going to be a lot of other adds I am not aware of. It will be several key date gold coins for sale. I am not comfortable going to a dealer to sell them because I doubt I will get half of what they are worth. Also the heritage auction seems to pull more money and buyers than ebay? Any suggestions would be helpful. Thanks Mark Report this Post to the Staff

Jaobler Pillar of the Community United States 6390 Posts	Posted 07/08/2009 02:00 am I haven't sold anything through Heritage but I've purchased several of my most valuable coins in their auctions. If you have key date US gold coins you may indeed get higher returns from Heritage since I've noticed their auction lots tend to attract high bids. They are very reputable. However, you won't get your money quickly. You need to send in your coins well in advance of the auction and you won't receive any proceeds until maybe 2 or 3 months after the auction close. I'd see if they can first appraise your coins and let you know how they think they would grade. If you like what you hear then let them handle the submission to the grading service. If you have any choice in the matter I'd go with PCGS since their graded coins seem to attract higher prices. Good luck, and please let us know what you decide to do. Report this Post to the Staff
VictoryBullion Valued Member United States 187 Posts	Posted 08/31/2009 10:22 am You surely want to have heritage submit your coins for grading! Heritage are big players in this industry & I think the TPG's will want to make them happy with favorable grades! Report this Post to the Staff
hhbkiddo Pillar of the Community Canada 1248 Posts	Posted 08/31/2009 12:47 pm Quote: I think the TPG's will want to make them happy with favorable grades! I Hope it is NOT so..... however, I would also not bite the hand that feeds me... On the other hand, Can PCGS afford to be biased in Favor of Heritage or Stacks? Report this Post to the Staff
Electric_Op_Ltd Valued Member United States 183 Posts	Posted 08/31/2009 12:54 pm No. They can't. The coins are supposed to be viewed 'blindly' with no regard to the submitter. I myself would have them slabbed and then submit to Heritage. You may end up with a grade you don't like or worse.... no grade :-( Report this Post to the Staff
gibby3 Valued Member United States 69 Posts	Posted 08/31/2009 1:48 pm it probably cost them less to get your coins graded than if you submitted them yourself since they do so much business Report this Post to the Staff
artdio Pillar of the Community 1844 Posts	Posted 08/31/2009 7:05 pm I would have them slabbed on my own... If your not happy ask Heritage to resubmit... Report this Post to the Staff
	Replies: 6 / Views: 2,060

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