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I Am Depressed!

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Valued Member

United States
451 Posts
 Posted 03/08/2011  10:31 pm Show Profile   Bookmark this topic Add brokencompass to your friends list Get a Link to this Message Number of Subscribers
I have tried to bid multiple times on Heritage and every time, no matter how high I bid, my bid is always outbid by someone else. It is very depressing! lol. Anyone have any similar experiences?
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mdpmedia's Avatar
United States
3546 Posts
 Posted 03/09/2011  12:44 am  Show Profile   Bookmark this reply Add mdpmedia to your friends list Get a Link to this Reply
Broken,

Just like in any auction the highest bid will usually win the item up for bid. You are probably just not not hitting that high point during your bidding process.

I can almost guarantee you that on some of those super rare coins at Heritage the reserve that has been set is exorbitantly high.

Since you seem to be somewhat disturbed my these recent chain of events my unorthodox suggestion would be to contact the auctioneer in advance of the auction that you want to participate in.

Then explain to him/her your dilemma (preferably by phone if possible) and request that an I'm be sent to you once the highest bid has come in on the item you wish to acquire.

To the best of my knowledge this procedure should not violate any state or federal auction laws and would ultimately create a 'legal' win-win scenario for both you and the auctioneer:

a) you - winning the desired item and
b) the auction house - obtaining the highest possible price

Please let the CC know if you ever win one at Heritage.

I personally would love to know if my suggestion really worked for you.

Obviously, remember to decide on your highest allowable bid after doing your pre-auction research to avoid getting taken to the cleaners even if you are emotionally attached to an item.
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carmykle's Avatar
United States
2448 Posts
 Posted 03/09/2011  10:52 am  Show Profile   Bookmark this reply Add carmykle to your friends list Get a Link to this Reply
Don't get discouraged. The same thing can happen at any auction house. I get sniped constantly on ebay and here. Just stand by your pre-auction pricing and remember that if you miss one, another one will be along shortly.
Pillar of the Community
United States
759 Posts
 Posted 03/09/2011  12:31 pm  Show Profile   Bookmark this reply Add OneBowl to your friends list Get a Link to this Reply
I can understand the feeling. As carmykle stated, almost without exception, another one comes along and many times it can be at better pricing or quality. You aren't losing auctions. You're rigorously enforcing your personal auction rules based on your pre-auction research. That works better in the long run anyway.
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Bryan1315's Avatar
United States
14454 Posts
 Posted 03/09/2011  5:23 pm  Show Profile   Bookmark this reply Add Bryan1315 to your friends list Get a Link to this Reply
I have won many coins from heritage but I must say its not a place to go looking for deals. usually if you are going to win you should bid the market value for the coin. you may get it for less than your max market value bid. I have been outbid on some lots also but if I ever do in my opinion the other person paid to much for the coin and I will just wait for the next one to come along
Valued Member
United States
451 Posts
 Posted 03/09/2011  9:25 pm  Show Profile   Bookmark this reply Add brokencompass to your friends list Get a Link to this Reply
Thanks people! Those are very nice perspectives.
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