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Ebay Versus Dealer

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Pillar of the Community
Metalman's Avatar
United States
7123 Posts
 Posted 05/19/2005  2:48 pm  Show Profile   Bookmark this reply Add Metalman to your friends list Get a Link to this Reply
quote:
Originally posted by national dealer

2. Unscrupulous sellers are making it challenging for uneducated consumers to purchase raw coins.

That is exactly what brought me to start this thread. I do not worry about seasoned collectors, as they SHOULD know better. My problem lies with people simply stating matter of factly that some new person who found a coin to go sell it on ebay. That is no better than telling someone to buy from the TV station. When new collectors come to a forum looking for quality advice, they should get quality advice. They should receive better treatment than most I see.



ND Although I agree that there is a problem with the newbee -VS- ebay buying and selling ,, the solution for the problem is not going to a local dealer ,, I'm sure that all of the seasoned coin collectors have been down that road going to a dealer to trade or upgrade a coin from their collection buy selling a few and being offered even by market standards a very low price while the dealer maintains a grey sheet bid price on their coins or worse a RedBook or coin prices magazine price line,, a newbee in this situation that does not know the value ,rarity level or grade is dead prey at best.

So in your opinion what is the solution ? I have read thru the thread and with all the conversation no conclusions have been made to better enable us to answer this question to the newbee coming here for advice.

Rick
Pillar of the Community
United States
2724 Posts
 Posted 05/20/2005  12:11 pm  Show Profile   Bookmark this reply Add national dealer to your friends list Get a Link to this Reply
quote:
So in your opinion what is the solution ?


Finally someone has asked the right question. I was beginning to wonder if anyone would ask. The solution is to do our best to educate the person in their coins. Not give quick and easy answers. If the person has no desire to learn, I always suggest getting two different dealers to look and evaluate the material. This will give them a baseline to work from. If the results are conflicting, use a third. From this point, they can check to see what ebay has been bringing for simular coins. Some coins if properly listed on ebay will bring better money than a dealer will pay. There are some coins that do considerbly better with dealers. Knowing the difference will help the new collector much better than any quick answer.
I know that I am in the minority in feeling that collectors and dealers alike have a responsibility to new collectors to provide quality information. By giving quick advice, we do a disservice to the new collector, the hobby, and ourselves.
Before recommending to anyone what they should do with their collection, a detailed answer must be provided. They need to know that new users of ebay receive less money. They need to know that not all dealers are honest. They need to know exactly what their options are. They need quality advice, not quick answers. Most importantly of all, they need those of us who know better to direct them to the correct answers, not just the easiest.
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