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Buying From Ebay?

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Author Previous TopicReplies: 6 / Views: 2,040Next Topic  
New Member

United States
1 Posts
 Posted 05/07/2012  12:01 am Show Profile   Bookmark this topic Add Matt_Lowry to your friends list Get a Link to this Message Number of Subscribers
I'm brand new to collecting old paper money. I don't really know much about it, but I'm trying to learn as much as possible. Anyways, is ebay a safe place to buy from? I'm assuming that if it's professionally graded, it's not a fake. Along with good sellers reviews.

Do any of you buy from ebay? Or could you point me in a direction that might be better/safer.

I've always wanted to get a few 500 dollar bills and maybe a 1000 dollar bill too. I'm on limited funds and am going to start small with a 1899 1 dollar silver certificate.

Thank you

Matt Lowry
Valued Member
MadMortician's Avatar
United States
397 Posts
 Posted 05/07/2012  12:32 am  Show Profile   Bookmark this reply Add MadMortician to your friends list Get a Link to this Reply
Welcome!
Rest in Peace
biggfredd's Avatar
United States
9104 Posts
 Posted 05/07/2012  04:34 am  Show Profile   Bookmark this reply Add biggfredd to your friends list Get a Link to this Reply
, Matt_Lowry!

Quote:
I'm brand new to collecting old paper money. I don't really know much about it, but I'm trying to learn as much as possible. Anyways, is ebay a safe place to buy from?

No.


Quote:
I'm assuming that if it's professionally graded, it's not a fake.

Ass-You-me. Search this forum for "fake slab".


Quote:
Along with good sellers reviews.

Sellers are not allowed to write bad reviews.


Quote:
Do any of you buy from ebay?

Yes, or I bid, I pay, and sometimes I get.


Quote:
Or could you point me in a direction that might be better/safer.

Amazon, ecrater, bestbuy, newegg, woot...
Valued Member
Baanos's Avatar
Canada
290 Posts
 Posted 05/07/2012  08:12 am  Show Profile   Bookmark this reply Add Baanos to your friends list Get a Link to this Reply
I'm relatively new to collecting too and I've been buying off ebay regularly and I'd say 1 out of 5 times there's an issue with my order. Good news though is that when there's an issue, 90% of the time I am able to get it resolved in my favor either by communicating politely with the seller or through Paypal when communication with seller fails.
Pillar of the Community
wquinn's Avatar
United States
2295 Posts
 Posted 05/08/2012  10:04 am  Show Profile   Bookmark this reply Add wquinn to your friends list Get a Link to this Reply


Your best bet is to get educated on what you want to buy and know what an authentic note looks like.

There are some great currency books out there, like one of these. I put them in order of preference, in case you don't want to buy all of them.
1.) A Guide Book of United States Paper Money (Official Red Books)
2.) Standard Catalog of United States Paper Money
3.) The Official Blackbook Price Guide to United States Paper Money

And if you are looking at Confederate or Obsolete notes, there are great books on them too.
Valued Member
ragpicker's Avatar
United States
198 Posts
 Posted 06/05/2012  09:09 am  Show Profile   Bookmark this reply Add ragpicker to your friends list Get a Link to this Reply
I have been buying and selling on ebay since 1999.

I have had about two to three problems on ebay.

Buyers MUST read all the info with the sale and if there is not enough ASK QUESTIONS!

Look at the sale with enough time to ask good questions and depending on the answer or lack of, either pass on the bidding or place a bid.

I also pay with Paypal. If you do have a problem, you can usually get things worked out.

Pillar of the Community
Broken-Coin's Avatar
United States
1812 Posts
 Posted 06/06/2012  01:03 am  Show Profile   Bookmark this reply Add Broken-Coin to your friends list Get a Link to this Reply
I first registered with ebay in 1997 and had purchased well over 1000 error coins from 1997 to 2004, then opened up a ebay Coin Store... In the early days ebay was a great place for both buyers and sellers... IMHO when Meg Whitman had taken over, she pretty much destroyed a good thing by changing ebay seller rules, raising rates, forcing sellers to accept only PayPal Payments on their listings, changing privacy rules so it is now impossible to warn other bidders that they are bidding on fake coins, etc... In April 2006, my ebay coin store was hacked into, as was my PayPal account that was linked to the store listings, even my business checking account listed on PayPal was hacked into... Needless to say, this experience pretty much ended my ebay dealings... I closed my store checking account on PayPal and only left one credit card on file for future purchases as I refused to sell on ebay again... Sometime in 2008 I visited ebay and placed a bid on a rare colonial document, and after winning the item, went to pay with PayPal... PayPal refused the transaction saying I was over my $10,000.00 account limit... My first thought was that someone hacked into my credit card account on PayPal and telephoned them personally... They replied that only having a credit card on file is not good enough and for me to use PayPal's services, I must have a checking account on file... I explained my previous hacking experience where the hacker gained access to my checking account and that I would never give them access to my current checking account... Since I can no longer use PayPal, on the rare occasion that I am on ebay and interested in an item, I email the seller and work out another type of payment with a Postal Money Order being my first choice for payment... I hope all those who sell on ebay don't ever experience what I did... Both ebay & PayPal refused to give me the name/names of persons involved so I could pursue legal action against them...

*getting back on topic*

I would recommend anyone new to coin and currency collecting, purchase the books before the coins (my CherryPickers Guide paid for itself numerous times)...
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