I'm confused! Please help!

[Leothelion]

Hi everyone

A few days ago I made an offer of $75 for this coin in the Heritage auctions!

At first, the coin had a "make an offer" option and I tried it! The respnse I got was; "we appreciateyour offer but $150 is blah...blah ...blah, I can't remember exactly what it said! A couple of days later I notice the "make an offer" option disappeared and a "buy now" option became the new option! But the price is now $230! I made the $75 offer because the pop is high, it's like 57/1. I almost like the strike of this coin but I can't make out the entire coin if it's fully struck and there's the question concerning the marks on the profile. It's at best a MS65 coin depending on how severe those marks are. But anyway, the "buy now" option is up 5 more dollars so what's going on here? I have read that if you make the right offer when that option was available, it sits for 3 days and it's yours if no-one else makes a higher offer. But I don't understand why the "buy now" price keeps going up with this coin. I have no intentions of buying the coin at 3X my offer so it doesn't matter too much. Any thoughts out there on what's happening here?

 

Leo

[Hoot]

Hi Leo - The Make an Offer deal will only accept offers in the range specified. Your $75 offer was below that range. After that disappears, Heritage will put the coin up for sale with a BIN, as if it went through auction and did not sell due to a reserve not being met. Indeed, between the time you first made the offer and when they put it up for the BIn, it may have gone through one of the continuous or exclusively internet auctions and didn't sell. They're goofy in the head. If you want to make an offer that's below their range of acceptance, you have to call them and talk to one of their numismatists in sales.

 

Hoot

[James_OldeTowne]

I've tried to use the "make an offer" feature a few times, but it seems to be total BS, as the "offer" you get to make has to fall within some pre-arranged price range - baloney! Personally, I don't waste my time on that any more.

 

James

[BankNote1]

I am not a fan of Heritage/CAA but they do have a right to set the prices that they will accept for an item.

[Mozin]

Hi everyone

A few days ago I made an offer of $75 for this coin in the Heritage auctions!

At first, the coin had a "make an offer" option and I tried it! The respnse I got was; "we appreciateyour offer but $150 is blah...blah ...blah, I can't remember exactly what it said! A couple of days later I notice the "make an offer" option disappeared and a "buy now" option became the new option! But the price is now $230! I made the $75 offer because the pop is high, it's like 57/1. I almost like the strike of this coin but I can't make out the entire coin if it's fully struck and there's the question concerning the marks on the profile. It's at best a MS65 coin depending on how severe those marks are. But anyway, the "buy now" option is up 5 more dollars so what's going on here? I have read that if you make the right offer when that option was available, it sits for 3 days and it's yours if no-one else makes a higher offer. But I don't understand why the "buy now" price keeps going up with this coin. I have no intentions of buying the coin at 3X my offer so it doesn't matter too much. Any thoughts out there on what's happening here?

 

Leo

 

I clicked on the link you listed. You make a $75 offer on a coin Heritage has listed for $235 and you are upset because they did not accept your offer? I must be missing something.

[Leothelion]

Hi everyone

A few days ago I made an offer of $75 for this coin in the Heritage auctions!

At first, the coin had a "make an offer" option and I tried it! The respnse I got was; "we appreciateyour offer but $150 is blah...blah ...blah, I can't remember exactly what it said! A couple of days later I notice the "make an offer" option disappeared and a "buy now" option became the new option! But the price is now $230! I made the $75 offer because the pop is high, it's like 57/1. I almost like the strike of this coin but I can't make out the entire coin if it's fully struck and there's the question concerning the marks on the profile. It's at best a MS65 coin depending on how severe those marks are. But anyway, the "buy now" option is up 5 more dollars so what's going on here? I have read that if you make the right offer when that option was available, it sits for 3 days and it's yours if no-one else makes a higher offer. But I don't understand why the "buy now" price keeps going up with this coin. I have no intentions of buying the coin at 3X my offer so it doesn't matter too much. Any thoughts out there on what's happening here?

 

Leo

 

I clicked on the link you listed. You make a $75 offer on a coin Heritage has listed for $235 and you are upset because they did not accept your offer? I must be missing something.

 

You probably need to go back and reread it again. I made the offer days before what you're seeing now with that link.

 

Leo

 

Leo

[Mozin]

As you asked I reread your comment starting this thread. I don't think you have anything to cry about.

[Leothelion]

As you asked I reread your comment starting this thread. I don't think you have anything to cry about.

 

No where in that post am I crying or complaining because they didn't sell the coin to me at my $75 offer! I find it difficult to answer your question when the answer to it is clearly written in that post. The main subject to this thread is all about "why does the price to that coin keep increasing! The price was at $150 when I made my offer. A couple of days later, for some unknown reason, the price jumped to $230! One more day later the price jumped again to $235. Let me remind you, if you had read the original post, this was not a coin up for bids!

As stated in my post, the coin had a "make an offer" option! 2-3 days later that option vanished and was replaced with a BIN price.

So let me ask you, do you have any thoughts as to why the price of that coin keeps jumping? This is what the subject matter was all about for this thread.

Personally, I have come to the conclusion that the seller and Heritage are in constant contact with each other and because the coin is getting some attention, their trying to pull some BS over the potential buyer by jacking with the price! Whether or not this is a common practice with Heritage, I have failed to understand it. I could care less about this coin now since it was way overpriced at $150 and now they want $235, it's a 57/1 coin!

 

Leo

[BankNote1]

If you thought the price was to high at $150.00 what does it matter what price that they put on the coin??

[Leothelion]

If you thought the price was to high at $150.00 what does it matter what price that they put on the coin??

 

That's a good question! What matters is that someone out there is trying to screw someone out of their money with that coin! It didn't sell at $150, why are they messing with the price? If you're out there everyday searching a certain series and run into this kind of selling tactics, it's yours and mine responsibiity to raise the flags about such activity to others! It's like feedback to the general numismatic society. If you see your buddy buying that $75 coin at $235 when it was listed at $150 just a few short days earlier what are you going to tell him then, especially since the coin isn't worth much more then $75? What kind of rules do you live by, "watch thy neighbor be screwed"!

 

Leo

[BankNote1]

Now I am fully confused!?! It was never offered at $75 was it???

[SilverDollarMan]

I'm w/ you, Leo

[Leothelion]

Now I am fully confused!?! It was never offered at $75 was it???

 

That makes two of us! I give up! Whatever this thread was about has escaped me!

 

Leo