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Brick And Mortar Shop Closing In Southern Ontaro - B&w Coins & Tokens

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Valued Member
cdcoinman's Avatar
Canada
372 Posts
 Posted 05/29/2017  08:30 am  Show Profile   Bookmark this reply Add cdcoinman to your friends list Get a Link to this Reply
Same here, I do not bid on any of their auctions.
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DEVLEC's Avatar
Canada
3234 Posts
 Posted 05/29/2017  09:18 am  Show Profile   Bookmark this reply Add DEVLEC to your friends list Get a Link to this Reply

Quote:
I do not bid on their auction's and really don't like how they price their lots ($ x #units).


I agree...

Nothing really impressed me in that auction..
Valued Member
Proof Nut's Avatar
Canada
393 Posts
 Posted 05/29/2017  1:25 pm  Show Profile   Bookmark this reply Add Proof Nut to your friends list Get a Link to this Reply

Quote:
The action for the store is over. Did anyone buy anything?


Actually if you noticed they sprung another 3 day sale on the public,(probably for the unsold items) starting on Wednesday.

http://www.icollector.com/B-W-Coins...ions_as47862

I had considered it briefly but instead stuck to my convictions. Besides, I had already committed myself to participating in another auction the same weekend.

Why not wholesale the inventory to other dealers than to go through all the trouble giving collectors extremely short notice with a small window of opportunity to view lots?

There were quite a few items I was interested in but I figured that most of the scavengers and vultures with deeper pockets would have more success.

I saw many opening bids while the auction was live which turned into passed lots afterwards.
I'm sure a lot of the stuff went for a song while others were way overpriced. Only 2 of the 5 sessions have been posted so far.


Quote:
The only problem is Auction Network does not disclose winning bids.


Is this information available to approved bidders only?

I do very little online auction bidding and prefer to stick with auction houses that in my opinion are more transparent.

Revealing closing bids seems to hold them more accountable adding considerable credibility.

These undisclosed bids are extremely annoying when hunting down a particular numismatic item(s) or doing research to determine a maximum future bid as they are likely to pop up again elsewhere.

I really enjoy being able to compare bids/selling prices and often refer back to previous auctions. Many hours are spent browsing lots especially before the auction goes live and even long after it's finished.

This has definitely been huge benefit and confidence boost as I'm sure this thoroughness has prevented me from making some very costly mistakes.
Edited by Proof Nut
05/29/2017 3:09 pm
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MoneyPenney's Avatar
Canada
2984 Posts
 Posted 05/30/2017  4:39 pm  Show Profile   Bookmark this reply Add MoneyPenney to your friends list Get a Link to this Reply
Winning bids are undisclosed even for approved bidders at Auction Network. Most if auction houses post winning bids prices so I don't know why they don't do it. Its like they are hiding something.

Also I do have a question regarding shipping costs for the Auction Network. I read on another forum they charge $30 for even small items. It seems excessive when Colonial Acres only charged me $11 for shipping for last weekend's auction.
So how much do they charge for shipping?
Valued Member
inconnu's Avatar
Canada
93 Posts
 Posted 05/30/2017  8:34 pm  Show Profile   Bookmark this reply Add inconnu to your friends list Get a Link to this Reply
I just got my invoice for the ring that I got on Sunday and was shocked. The total for Purolator GROUND was $47.25 insured. I'm glad that I didn't get the 125 SMLs or I would have to drive to Markham from Victoria, BC. Fool me once...
Valued Member
inconnu's Avatar
Canada
93 Posts
 Posted 05/30/2017  8:38 pm  Show Profile   Bookmark this reply Add inconnu to your friends list Get a Link to this Reply
They have also relisted the 1948 silver dollar with no picture of the obverse again. Any gamblers out there?
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AgCoinAu's Avatar
Canada
3049 Posts
 Posted 05/31/2017  12:20 am  Show Profile   Bookmark this reply Add AgCoinAu to your friends list Get a Link to this Reply
Weird.. I just got my invoice and there was no shipping charge what so ever...

My bid.. plus the juice and taxes is all.... (although that's quite a bit!)
Valued Member
inconnu's Avatar
Canada
93 Posts
 Posted 05/31/2017  01:48 am  Show Profile   Bookmark this reply Add inconnu to your friends list Get a Link to this Reply
Pickup is available until Thursday and then they will send out the invoices for shipping.
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Alex A's Avatar
710 Posts
 Posted 05/31/2017  09:03 am  Show Profile   Bookmark this reply Add Alex A to your friends list Get a Link to this Reply

Quote:
Also I do have a question regarding shipping costs for the Auction Network. I read on another forum they charge $30 for even small items.


Minimum shipping is $25 + GST but may have increased. The shipping plus premiums make these very expensive auctions. Tons of "passed" items.
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AgCoinAu's Avatar
Canada
3049 Posts
 Posted 05/31/2017  4:52 pm  Show Profile   Bookmark this reply Add AgCoinAu to your friends list Get a Link to this Reply
Ohh I just looked into that shipping as I thought it was odd it wasn't on my invoice.... they ship things through a 3rd party.....Pak-mail.

For my one item they're going to charge an additional $30 plus GST...

My fault for not reading all the tabs and assuming.... *sigh* I can totally see why many people would pass on the "auction network" items.... simply put there's better auction companies out there.

I have learned from this experience... you all have now been warned!
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MoneyPenney's Avatar
Canada
2984 Posts
 Posted 05/31/2017  9:45 pm  Show Profile   Bookmark this reply Add MoneyPenney to your friends list Get a Link to this Reply
Anyone know how much the 1948 silver dollar sold for? The "winning bid undisclosed" is very irritating.
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AgCoinAu's Avatar
Canada
3049 Posts
 Posted 06/01/2017  12:53 pm  Show Profile   Bookmark this reply Add AgCoinAu to your friends list Get a Link to this Reply
I believe that a previous poster stated it has already been relisted... so while the auction network said it sold... it really didn't..
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MoneyPenney's Avatar
Canada
2984 Posts
 Posted 06/01/2017  4:49 pm  Show Profile   Bookmark this reply Add MoneyPenney to your friends list Get a Link to this Reply

Quote:
I believe that a previous poster stated it has already been relisted... so while the auction network said it sold... it really didn't..


I was asking about the relisted 1948 dollar which was in yesterday's auction. According to the auction site this "relisted" dollar was sold. Wondering how much it went for.
Valued Member
inconnu's Avatar
Canada
93 Posts
 Posted 06/01/2017  5:19 pm  Show Profile   Bookmark this reply Add inconnu to your friends list Get a Link to this Reply
There was no picture of the obverse so there was no way to even guess on the grade. Frustrating.
Valued Member
Islander2010's Avatar
Canada
220 Posts
 Posted 06/07/2017  12:09 am  Show Profile   Bookmark this reply Add Islander2010 to your friends list Get a Link to this Reply
I am a regular bidder on icollector, but I won't go near Auction Network. Underhanded or unethical are the words that come to mind to describe their business practices. On the up side, I have had some great deals come my way on icollector auctions over the last couple of years, and there are a couple of Canadian auctioneers on there that I make a point of never missing.
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