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Mike 's Blog

17 Jan 2016

Heritage House

Coins-United States | Mike

Hi everyone. I was just on the Heritage House site. I joined them not to long ago. The auction had all sorts of American coin's, from penny's up to peace dollar's. I guess what surprised me was the coin's and the bids. I was shocked to see alot of improperly cleaned coin's. These coin's are not graded. They state xf,auc but no numbers. They also say detail's. I was taught not to clean coin's. The major grading companies will slab them,but I didn't know there was a market for them. I only own four such coins and I know where I bought them. I never clean them I thought that was the biggest no-no in collecting. Now I see an auction and there were a few of these. I guess there is a market for all types. Now I know I can enter them in an auction like Heritage House. Simply because I might get a good price. The four coin's were expensive till I sent them to ngc and saw that purple label. Now I don't feel so bad. I mean I'm would not expect full price but at least a couple of dollars back to offset my cost. Well I have to go now. But I am happy to know people buy these coin's. Everyone take care food health Mike

Comments

Pliny The Elder

Level 5

I think the simple word DETAILS in an auction ad is simply not enough for the uninformed collector to make a decent buying decision. And let's face it, uninformed collectors make up a large amount of the buyers out there. If they said "cleaned" it would not receive bids. but just saying "details"....that is a way to extract cash from the wallets of the uninformed, in my opinion of course.

ShriekenGriffon

Level 5

nice!

user_7180

Level 5

I use Heritage for searching auction history which helps determine if prices are going up or down for pieces I am considering.

Mike

Level 7

Hi 7180 thanks for leaving information on the blog. I never thought of using it that way,but it makes sense. Thanks alot you just helped me out! Thanks . Mike

Mike

Level 7

Hi Kellen! Have you ever bid for won a bid at Heritage House? It would be interesting to know. Did it take you long to get involved? What do you think of there auctions? I was surprised to see some of the bids. I have to remember that there are still two days to go on the coin's I was watching. Take care if you have time let me know.Mike

World_Coin_Nut

Level 5

There will always be a market for certain rare coins. Not sure what items you were looking at but that could explain it. I have found that usually Heritage does accurately grade items and frequently the coins that they sell raw are because it would have received a details grade.

Mike

Level 7

Hi World_Coin_Nut! Yes two out of the four were rare. A 1917 d walking liberty and a 1918 Illinois Centennial. You were rite on the money! I bought the walker and had it in the house for about six months before I sent it to ngc. I'm pretty good when it comes to grading. I would figure this coin for a ms 65. Why it was obviously uncirculated, had some luster and all the high marks were there. You could make out everything without an eye piece. It came back my heart was broke. Ngc said unc improperly cleaned.. I called up and gave such a good argument they said send it back we'll take another look but you have to pay everything all over again. I thought about and decided to leave it home. The auction I was watching was all graded coin's no raw. The same with Lincoln. No way did it look cleaned. There was some luster but you didn't need sunglasses. It also graded unc. Well that's the way the cookie crumbles. Take care Mike

Kellen

Level 5

I am a member of Heritage too

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