greatgoldcoins.net » Auction Info

Feedback on Coins

keith — Sat, 17 Apr 2010 09:09:14 +0000

While the world seem to be in the middle of a Gold Rush Silver has been steadily growing in value .
Although Silver is still growing in value it will probably never reach the dizzy heights of gold.
One investor tried to corner the market in silver but was eventually foiled .

Feedback on coins is very easy to confuse.
Feedback is the main thing that you as a buyer have to check the bona fides of the vendor.

The main problem is that it is relatively easy to get good feedback for a vendor.
All that he or she has to do is buy a number of low value items for 99 cent or so.
This way anyone can get reasonable feedback for just a couple of hundred dollars.

When you are thinking of buying gold coins however you want to be REALLY sure that the vendor is genuine.

2011 1oz SILVER EAGLE PCGS Brilliant Uncirculated
US $43.02

1 Gram 999 Fine Silver Eagle Bar 5 Vials of Gold Flakes
US $9.99

500 Grains Robert HGoddard Inventor Limited Edition Sterling Silver Art Bar
US $36.51

2011 W $5 1 10 OZ 25TH ANNIVERSARY GOLD EAGLE PF70 UC NGC 2572190 001
US $280.00

2012 1oz SILVER EAGLE PCGS Brilliant Uncirculated
US $40.42

2012 1oz SILVER EAGLE PCGS MS70 First Strike
US $62.00

It is fairly easy to check the vendors feed back - just click on the feedback line in their auction.
What you want to look for is that the vendor has previously sold coins and that the purchaser was happy with the purchase.

Scammers will ONLY have feedback for themselves as buyers not as sellers.
This may well be under 4 or 6 different ebay identities (its fairly easy to have a few ebay identities).
The other thing to look for is the feedback score - look for the RED entries and go through their whole feedback listings and check the each of the sales on those and look at the comments - if they regularly are mistaken about coin condition then they are either very inexperienced or scamming by over valuing the coin.
A Common trick is to say that a coin is a proof coin when it is just uncirculated.

Check the other listing of goods they have sold too - these may well be in various categories.

There is no reason of course not to buy from a private buyer with just a couple of coins to sell and these may well be the best buy of your life !
Private vendors should be emailed and asked about the condition of the coin and if it has been to a reputable grading service.
Many grading services are really just back room jobs and not worth the plastic they are slabbed in .

Gold coins are a favourite item for scammers so please look at the vendors website as this may reassure you.

Slabbing a coin does NOT make it into a Proof Coin.

A Buyer’s Guide to Silver Dollars & Trade Dollars of the United States

keith — Fri, 16 Apr 2010 09:16:37 +0000

While the world seem to be in the middle of a Gold Rush Silver has been steadily growing in worth .
Although Silver is still growing in value it will probably continue growing in value.
One investor tried to corner the market in silver but was eventually foiled .

May.13, 2009 in Proof Coins, US Coins, coin collecting

A Buyer's Guide to Silver Dollars & Trade Dollars of the United States

A Buyers Guide to Silver Dollars
This is a big book with 410 glossy pages, most of which have detailed color images of all kinds of silver dollars. Bowers starts off with a friendly introduction where he explains his approach in writing this book, calling it the Fireside Chat format. He writes as if you had asked the following question. "I am interested in coin collecting; please tell me about silver dollars, why you think they are interesting, and why I should c (more...)

Tags: Buyer's, buyers guide to silver dollars, Dollars, Guide, guide to silver dollars, Paperback, Silver, silver dollars, States, Trade, United

Comments (1)
One Comment on “A Buyer’s Guide to Silver Dollars & Trade Dollars of the United States (Paperback)”

1. Ull
May 13th, 2009 at 11:48 am

The book payed for itself within one week after I received it. Great information and very accurate. I recommend it to anyone interested in coins.

10 Tips for Coin Auctions

keith — Fri, 16 Apr 2010 09:07:16 +0000

While the world seem to be mad for gold Silver has been steadily growing in worth .
Although Silver has not grown at the same rate as gold it will probably never reach the dizzy heights of gold.
One investor tried to corner the market in silver but was eventually foiled .

Coin Auctions can be good places to buy or sell coins.
Here are some tips you may not have thought of.

1 * Live Auctions are likely to be the best places to buy.
This is because many such auctions are usually aimed at the US Market and the rest of the coin buying world will be asleep because of geographical location.
Best ones of all are local auctions which do not advertise on the internet. You will have far less competition bidding at these.

2 * Auctions are great places to buy rare coins. Sellers want the best prices they can get and t is usually at auction.

3 * Auctions by mail – possibly good since many people prefer to bid on eBay and get the excitement of a current auction.

Mail Coin Auctions mean you have to sign up for a catalogue and sometimes give the auction credit card details ot ensure that you are a genuine buyer. If you buy from a mail auction you will usually get a free subscription to new auctions or sales (often with illustrated catalogues)

4 * Phone Auctions – these can be auctions by coin companies or (better still) auctions by general antiques auctioneers
These are just like regular auctions where you go along in person and bid. You can usually leave a bid with the auctioneer (the maximimum you will pay for each lot)

5 * Internet Auctions .

Ebay is the best known of these but a number of other companies do hold similar auctions. With any internet auction you must have an internet identity under which you make bids. You can make individual bids or maximum bids for each item and the software at the auction company handles the bidding for you.

6 * With an Internet Auction you will usually be able to contact the vendor with questions and receive an answer the same day.

7 * Internet Auctions last between 1 day (same day) and 30 days depending on the internet auction company.

8 * Fraud is rife on the internet. It is easy for instance for a deceptive vendor to place a listing of a coin or coins that they do not hold or to use a picture of a higher grade coin than the actual one they are selling. Look for the following words in the listing : copy, repro, reproduction, facsimile as all of these mean copy !
Copies are not as valuable as real coins.

9 * To protect yourself as a buyer make sure you ONLY pay by a genuine company such as PAYPAL as you will usually then have an ability to claim against them and the vendor for misleading or false sales.Please avoid paying by company like Western Union as this company and other instant transfer companies are often used by fraudsters at coin auctions

10 * To check a coin out just ask the vendor for a photo of the other side of the coin. If there is no answer then avoid that vendor.The coin may not actually exist.

11* ALWAYS check out a vendors feedback (feedback is the result of previous sales by that vendor) Pay particular attention to NEGATIVE FEEDBACK.
To bid on eBay you need to be registered: