Dear Heritage Consigners.

[truthteller]

I would like to bid on many of your coins. However, your reserves are too high. If you expect to sell your coins, please lower your reserves to an appropriate level. You still have time and I still have money.

 

 

Sincerely,

 

 

Truthteller.

[CarlWohlforth]

Let's have a follow up to this thread! I want to know how many reserves were lowered and how many of the others (with reserves NOT lowered) sold.

[MikeInFL]

Dear ANR bidders,

 

I bid roughly double bid on two coins and was outbid on both. Please ask your floor bidders to stop stealing my coins.

 

Thank you for your consideration. Very truly yours....Mike

[DC Dawg]

Dear all auction bidders:

 

I keep bidding on these coins which I feel are a fair price... that is fair in my mind! Since I am going through the trouble of looking, researching, and bidding, kindly stop bidding higher than me so that I can obtain the coins that I want without having to dip into my mortgage fund.

 

Thank you.

 

Scott

[mrearlygold]

Dear ANR bidders,

 

I bid roughly double bid on two coins and was outbid on both. Please ask your floor bidders to stop stealing my coins.

 

Thank you for your consideration. Very truly yours....Mike

 

[LuvToCollect]

I am ashamed to admit it but I bought a coin on teletrash yesterday.

[coxe]

I consigned my braided hair half cent set there (registry here shows them) and set reserves that were not only fair but would have me losing money on coins some of while I have held for over a decade. Nice coins don't come cheap and folks don't like to give them up at losses. Bear in mind there is nearly an 18% fee mark-up in an auction. I don't think the reserves are greedy or high at all, just fair.

 

As for lowering the reserves, I don't think that is possible unless the consignor wants to pay both the buyer and seller fees at this point on a buyback. Buybacks are expensive to consignors and are based on the reserve price. So a higher reserve price, meant to reduce the losses on lower bids, is hardly generically greedy. Try dealing with a 15% hit (20% if paying both fees) on that added to a cost basis once or twice on a coin. I know if mine don't sell, they aren't seeing the light of day for a couple decades.

 

I am sure there are greedy reserves and some just foolishly high ones. However, a lot are responsibly set at levels where losses would be minimized not profits maximized. If you want a coin badly enough, consider the seller's issues.

[jom]

Dear Coin Sellers and Auction Consigners:

 

Please sell me your rare coins at face value.

 

Thank You

 

jom

[DC Dawg]

[dragon]

Dear Heritage,

 

Your last shipment of auction catalogs practically collapsed my front porch.

[pendragon1998]

Dear Mr. President:

 

There are too many states nowadays. Please eliminate six.

 

P.S. I am not a crackpot.

 

-Abe Simpson

[CoinZip]

I have enjoyed reading this thread its kinda like reading my kids Dear Santa letters....

 

 

AL

[cpm9ball]

Dear Mr. President:

 

There are too many states nowadays. Please eliminate six.

 

P.S. I am not a crackpot.

 

-Abe Simpson

 

Dear Mr. President:

 

There are far too many illegal aliens in this country. Please send all of them home so you can spend the money saved for increased retirement benefits for the elderly who need it, health care for the "legals" who can't afford it and college tuition for kids who can't get sports scholarships. It's obvious that Congress won't participate in Social Security, and they much prefer seeing our money going down the drain for themselves and the "illegals".

 

Sincerely,

 

Blue-Collar Worker with four jobs

[truthteller]

Dear Moderators,

 

Please send cpm9ball some fresh diapers since he is pooping up this thread.

 

 

Thank you.

 

 

TRUTH

[gmarguli]

Dear Moderators,

 

Please send truthteller a guide on how to work the Notify Moderator button.

 

Thank you.

 

 

GREG

[MikeKing]

the colonials seemed to do well, esp. the high grade ones. at least that's how it appeared to me.

[truthteller]

the colonials seemed to do well, esp. the high grade ones. at least that's how it appeared to me.

 

 

Aren't early copper folks crazy spenders anyway?

 

 

 

TRUTH

[MikeKing]

I guess...considering there are no price guides for them...

[Oldtrader3]

Dear Truth: Heritage generally sets reserves at 60% of historical prices realized. This reserve level is not a high, price threshold IMHO.

[truthteller]

Dear Truth: Heritage generally sets reserves at 60% of historical prices realized. This reserve level is not a high, price threshold IMHO.

 

 

This may be true for Heritage owned consignments. I personally have submitted coins for auction in the past, and have reserved coins a fair percentage over market prices. The coins I wish to bid on are reserved at double or triple greysheet bid.

 

 

 

 

TRUTH

[cpm9ball]

Dear Moderators,

 

Please send cpm9ball some fresh diapers since he is pooping up this thread.

 

 

Thank you.

 

 

TRUTH

 

Oh, I get it! You choose to chastise me because you just don't like me. You have given no consideration to the fact that I have raised an issue that is just as lunatic as the others, including yours. I thought we were having fun, here. Perhaps you should have a second user name when you are serious. I think "Cereal" would be appropriate. Do you like Trix? Trix are for kids!

 

Chris

[truthteller]

Dear Moderators,

 

Please send cpm9ball some fresh diapers since he is pooping up this thread.

 

 

Thank you.

 

 

TRUTH

 

Oh, I get it! You choose to chastise me because you just don't like me. You have given no consideration to the fact that I have raised an issue that is just as lunatic as the others, including yours. I thought we were having fun, here. Perhaps you should have a second user name when you are serious. I think "Cereal" would be appropriate. Do you like Trix? Trix are for kids!

 

Chris

 

 

I am having fun. You are just a weenie.

 

 

 

 

TRUTH

[cpm9ball]

Dear Moderators,

 

Please send cpm9ball some fresh diapers since he is pooping up this thread.

 

 

Thank you.

 

 

TRUTH

 

Oh, I get it! You choose to chastise me because you just don't like me. You have given no consideration to the fact that I have raised an issue that is just as lunatic as the others, including yours. I thought we were having fun, here. Perhaps you should have a second user name when you are serious. I think "Cereal" would be appropriate. Do you like Trix? Trix are for kids!

 

Chris

 

 

I am having fun. You are just a weenie.

 

 

 

 

TRUTH

 

Aw, you couldn't tell I was having fun, too, just because I didn't use any emoticons?

 

Chris

[dennis edwards]

I find that many Heritage coins with the most unrealistically high reserves become "Buy it now" items after the auction, and remain such for a long time. I suspect these are Heritage-owned coins. Does anyone know if there's any thruth to that suspicion?

[truthteller]

I find that many Heritage coins with the most unrealistically high reserves become "Buy it now" items after the auction, and remain such for a long time. I suspect these are Heritage-owned coins. Does anyone know if there's any thruth to that suspicion?

 

 

From my experience, the "buy it now" feature can be either Heritage owned or consigner owned. It really depends on the contract with the owner of the coin. I have had a few coins not sell in a signature sale, only to sell afterward at the reserve using the "buy it now". Either way, Heritage makes their commission.

 

 

TRUTH

[Coin]

As per Truth:

From my experience, the "buy it now" feature can be either Heritage owned or consigner owned. It really depends on the contract with the owner of the coin. I have had a few coins not sell in a signature sale, only to sell afterward at the reserve using the "buy it now". Either way, Heritage makes their commission.

 

 

 

Yeup , I've had two gold coins that did not reach the reserve at auction and sell right after the sale at the set BIN price at Heritage two months ago. I put in writing how I wanted the sale to go and what the BIN price included if any did not sell at auction . Heritage made it real easy ....

 

....Whine warning......

 

....but man I SURE hate waiting soooo long to get the check after the sale is over. ...hint hint hint Heritage bidders ....how about getting that payment in a little faster so I can get those bids in on the new listings that you aren't gonna put any reserves on

[classicalman-migration]

Please send truthteller a guide on how to work the Notify Moderator button.

 

 

 

 

Chris, seemed rather obvious to me that you were having some fun with this thread as was everyone else......even without emoticons!!