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Posted

Interestingly, there are circumstances that Heritage do NOT charge seller's commission at all...

They sold an item I bought by mistake, commission free. What other circumstances do you know of? Not that I have much to sell.

Posted

Reselling items you have bought from them previously if of sufficient value will go sans commission. Also, they are DEFINATELY business oriented and if you have marquee coins or a high value collection, they may waive fees in the entirety. Of course, they hit the buyers pretty hard.LOL>

Posted (edited)

Why not experiment?

Good move Gary hope it is Suffolk n good. :)

I'm still considering buying raw,PCGS slab and onto Heritage.It seems a way to mug the punters.

Did I read somewhere that Heritage won't take consignment under $5000.

Correct. An elitetest auction house, yet they don't bother who buys, only with what they sell because they require much Commission

Just for clarification, the minimum consignment total for all coins from a single seller is $5000. Not $5000 per coin (obviously). There are exceptions made if you originally purchased the coin from HA and are re-consigning it back through them. It is a bit of an "elitist" requirement, but it also makes sense that HA has to restrict submissions in some way -- the amount of paperwork and bookkeeping required if they allowed any Tom, Dick, or Harry to consign a $50 coin would be a nightmare.

Edited by brg5658
Posted

I think most auction houses (certainly the larger ones) have a minimum consignment value. Below which some might buy the coin from you themselves and then auction it. As Brandon says, it's just business sense.

Of course, knowing Heritage as I don't, it wouldn't altogether surprise me that if you were a regular vendor at their sales they might just accept a few 'one offs' that don't reach the $5000, just to keep a good customer happy though.

Posted

I think most auction houses (certainly the larger ones) have a minimum consignment value. Below which some might buy the coin from you themselves and then auction it. As Brandon says, it's just business sense.

Of course, knowing Heritage as I don't, it wouldn't altogether surprise me that if you were a regular vendor at their sales they might just accept a few 'one offs' that don't reach the $5000, just to keep a good customer happy though.

I'm quite sure this is the case, but I have no idea how one gets on that "preferred" list. I'm a collector, not a dealer -- what happens off the books between dealers and "good-ole-boys" is anyone's guess. I get the feeling there is a lot of nepotism and corruption in general among coin dealers this side of the pond. :unsure:

Posted

I think most auction houses (certainly the larger ones) have a minimum consignment value. Below which some might buy the coin from you themselves and then auction it. As Brandon says, it's just business sense.

Of course, knowing Heritage as I don't, it wouldn't altogether surprise me that if you were a regular vendor at their sales they might just accept a few 'one offs' that don't reach the $5000, just to keep a good customer happy though.

I'm quite sure this is the case, but I have no idea how one gets on that "preferred" list. I'm a collector, not a dealer -- what happens off the books between dealers and "good-ole-boys" is anyone's guess. I get the feeling there is a lot of nepotism and corruption in general among coin dealers this side of the pond. :unsure: in all walks of life, in all countries. If there's a dollar to be made, someone will always make a dollar twenty. Or in Italy $2 given the black economy is estimated to be roughly the same size as the official one. ;)

  • 1 month later...
  • 4 weeks later...
Posted

Well I'm at Grading Level II for what it's worth. So that's about 5 weeks now.

The penny is back now and top pop a CGS75. Now to sell it and see if slabbing it makes any difference.

post-462-0-45165400-1398456312_thumb.jpe

Posted

AU75 seems fair.

Which route are you taking to sell it, Gary?

Not sure. My original idea was through London Coins. I did wonder about trying a BIN on Ebay just to see if I get a bite.

Posted

AU75 seems fair.

Which route are you taking to sell it, Gary?

Not sure. My original idea was through London Coins. I did wonder about trying a BIN on Ebay just to see if I get a bite.

Beautiful coin Gary! Good luck with it. You won't have any trouble finding a buyer!

Posted

The grade it got wouldn't worry me.

If I saw it and the price was OK I would buy it.

Cracking strike.

By getting it graded you have added £20 to the cost.

Spink is for BU.The whole scenario of TPG is a farce.(IMO)

Posted

AU75 seems fair.

Which route are you taking to sell it, Gary?

Not sure. My original idea was through London Coins. I did wonder about trying a BIN on Ebay just to see if I get a bite.

Always worth sticking it on there for £20+ more than you think it's worth, if it sells then hey, you've made more than expected, if not send it to an auction! :)

Posted

You know what irritates me about this whole grading Thing with CGS is they seem to grade quite quickly when Londoncoins have an auction, yet when it Comes to the paying public they take forever and a day, sorry but that irritates me.

I mentioned in another post about NGC having an Office in Munich, they actually ship the coins off to the USA and even that Turnaround is only 6 weeks from start to fininsh. CGS Need to pull their fingers out of their arse, seriously

Posted

The grade it got wouldn't worry me.

If I saw it and the price was OK I would buy it.

Cracking strike.

By getting it graded you have added £20 to the cost.

Spink is for BU.The whole scenario of TPG is a farce.(IMO)

Spink don't list this rare variety so value is a bit finger in the air.

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