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Replies: 28 / Views: 3,571 |
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Pillar of the Community
United States
3848 Posts |
I had the opportunity to buy a complete dansco collection on ebay for about 1/3 retail price. First, the seller had the auction categorized under bullion, so it didn't get the traffic it needed. Second, they didn't picture all of the coins. I contacted the company outside of ebay, got the pictures, and was ready to bid. Once I attempted to place a low bid, with seconds left on the auction, ebay prevented me, and an error message came up. Apparently I was blocked from bidding for no reason, and there is nothing they could do about it. I would've won it, and it was a $1,500 potential loss. I quickly contacted the seller and ebay, and both said "welp, there is nothing we can do". ebay customer service was terrible, I am not happy about their quality.
Suffering from bust half fever. Want to learn how to attribute early half dollars by die variety? Click Here: http://goccf.com/t/434955Shoot me a PM if you are looking to sell bust halves.
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Moderator
 United States
96071 Posts |
well, don't shop at ebay would be a good start, but knowing the coin you are interested in and studying the coin for sale would be a good start too.
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Pillar of the Community
 United States
7940 Posts |
I think there is a lot of good advice already .... Most important is to do your research on any specific coin you want to buy. Find other "comps" that have actually sold on ebay, and that tells you whether the offer price is fair or not (also taking into account shipping). There are a lot of coin dealers with large feedback numbers and very high percentages. Those are generally signs of a trustworthy seller.
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Valued Member
 United States
70 Posts |
 thanks everyone. very good WISDOM here!!! 
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Pillar of the Community
United States
3647 Posts |
There's always the advice from a cheesy 1980s movie ("War Games"):
"A strange game. The only winning move is not to play."
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Bedrock of the Community
 United States
18664 Posts |
 all these comments are great #1 know your series. #2 avoid inferior photos #3 if the coin is slabbed, grade the coin yourself. TPG's are not always correct #3 post on CCF for comments
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New Member
United States
26 Posts |
I would just avoid ebay unless you are looking for very specific things. A lot of ebay sellers tend to be straight up slimeballs looking for profit and suckers. I only buy from Reddit and Instagram anymore.
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Moderator
 United States
96071 Posts |
Once I find a good seller on ebay, I tend to stick with them
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Valued Member
United States
175 Posts |
I occasionally sell some of my duplicate coins on ebay and I feel what is most helpful to both the buyer and myself is a clear description of the coin and hi-resolution photos. If you point out any flaws the buyer can make an informed decision as to purchase or not. I would also look at sold sales prices for a particular coin series to get a feel of the average selling price for the item I'm interested in. A seller's return policy is a good reassurance that you have a backup should the coin not be as depicted.
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Valued Member
United States
60 Posts |
There are three ways you can get hosed on ebay. 1) Seller non-performance- the item just doesn't get shipped. Check feedback, use your gut. If they've been doing this for 19 years and have 99.6% feedback, you're fine. 2) Inadvertent seller fraud- the seller unknowingly sells a fake or counterfeit coin. Caveat emptor. Stick to TPG for ANY key dates or reliable sellers who would likely have a Sigma for bullion. 3) Deliberate seller fraud- the seller knowingly is selling fakes. Don't buy from the account that has 43 feedbacks accrued in the past 2 weeks, all for .01 cent items, trying to sell an unslabbed 1909S-VDB in mint state condition for $500 that he ' inherited from his uncle'. Don't buy the $15.99 American Silver Eagles. No, the guy in Russia really doesn't have a trove of circulated 1948 Canadian Dollars, they're forgeries. Common sense can go a long way, but every now and then you run the risk that a credible seller is going rogue, or 'dipping their toes in the water' of fraud, ie, most of the coins they sell are legit but they salt in a few fakes knowing they'll get away with most, then just apologize and plead ignorance when they get caught. Very little you can do about the latter. I will say this- just don't buy key dates that are not slabbed, period, and compare the number with the picture. You can buy high quality struck fakes of most every key date from China pretty easily, more sophisticated fraudsters use the darknet where there's a full array of high quality fakes, fake slabs and labels, holograms, etc. Its a minefield out there. In my opinion, the fake issue is worse than people are giving it credit for and a lot of people who believe they have such great expertise in spotting fakes they're immune, have fools confidence. Some of these fakes require a credible, specialists eye.
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New Member
United Kingdom
10 Posts |
On ebay - by their ratings and how many trades they've got through without gettin kicked out....also by what they write on ebay and what sort of things they say about a coin. I would guess that generally speaking, it's the same as for anything else! Can you spot lies?
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Pillar of the Community
United States
2281 Posts |
You need to educate yourself.
It's that simple.
You realize when you know how to think, it empowers you far beyond those who know only what to think.
-Neil deGrasse Tyson
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Valued Member
 United States
70 Posts |
Thank you everyone for taking the time out of your day to help me out. One day I will be able to pass this wisdom on.
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Pillar of the Community
United States
600 Posts |
Quote: I only buy from Reddit and Instagram anymore. Not sure I understand rejecting a platform with buyer protections in favor of anonymous platforms with no protection. I can understand some people only wanting to deal in-person with LCSs or known dealers, but I think you are much likely to get scammed and have no recourse on Reddit/Instagram/Facebook Marketplace/Etc than on ebay (where you can always put in a claim for the item not being what was pictured/described).
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Moderator
 United States
188476 Posts |
Quote: I think you are much likely to get scammed and have no recourse on Reddit/Instagram/Facebook Marketplace/Etc than on eBay I agree. There are understandable reasons to avoid ebay and none of them justify using using any of those other venues instead. In other words, if you think ebay should be avoided entirely, you should probably avoid all eCommerce activities (a valid position for some).
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Replies: 28 / Views: 3,571 |
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