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Purchasing Coins On Ebay

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First Page  Showing last 15 replies.
Author Previous TopicReplies: 28 / Views: 4,823Next Topic Page 2 of 2
Pillar of the Community
United States
1804 Posts
 Posted 04/03/2014  4:11 pm  Show Profile   Bookmark this reply Add Domain555 to your friends list
Sherwooddavid.....


Quote:
Another thing I wondered about is should I be bidding on coins from a seller that is in Europe,Asia etc ?


Personally I would avoid like the plague.
Pillar of the Community
United States
3789 Posts
 Posted 04/03/2014  5:13 pm  Show Profile   Bookmark this reply Add yup7676 to your friends list
there are some GREAT reputable dealers in Germany that sell German mint coins that are not available here or are priced too high, so dont ignore the good guys.

I AVOID any sellers in asian countries such as China, HK, Vietnam to name a few. YES, there are good guys there but its hard work to find the good ones. I do know of some good dealers in China, as I learned a bit of this while reading the china panda forums but its tough AND some dealers went rouge also.... so its very scary and I just said, forget it, not worth it.

So dont skip on the European dealers, theres many good well known names from Germany that are at coin shows here in the USA and they are legit and sell some nice stuff that no one else sells.
Pillar of the Community
United States
3789 Posts
 Posted 04/03/2014  5:16 pm  Show Profile   Bookmark this reply Add yup7676 to your friends list
BTW, yes, could we please have a beware thread of bad sellers both on ebay and the forums in general. I belong to another forum that is not for coins but for another big vintage toy collecting forum and we have a watch out section broken into threads identify problem sellers.

We identify both sellers on ebay and the forum who have shown consistent attempts to swindle buyers and the community has done a great job of being fair and keeping folks safe.

I would hope we can get something like this going here, great idea!
Valued Member
Canada
411 Posts
 Posted 04/03/2014  5:28 pm  Show Profile   Bookmark this reply Add sherwooddavid to your friends list

Quote:
I would hope we can get something like this going here, great idea!
Valued Member
Canada
233 Posts
 Posted 04/03/2014  5:28 pm  Show Profile   Bookmark this reply Add TIPIT to your friends list
One important thing to consider while buying coins from out of country (applies to ebay or any other dealers) is the purity of your coins, to avoid tax/duty!

A sterling silver coin (92.5%) could be an interesting deal on paper, but you add taxes/duties and it's not a deal anymore!

Just so you know, you look for purity of at least:
- Silver: 99.9%
- Gold: 99.5%
- Platinum: 99.5%

IOf you buy purity below these targets, you can have a bad surprise!! (10-15% tax/duty + brokerage fees, etc.)
Pillar of the Community
United States
1804 Posts
 Posted 04/03/2014  10:41 pm  Show Profile   Bookmark this reply Add Domain555 to your friends list
bpoc.............


Quote:

Quote:
It would be cool if the CCF as a whole had list of who not to buy from.

================================

When I first joined I believe there was such a list. Never found it again.
I could see why it was eliminated because of the possible legal problems.
Maybe Bobby could concur.


Individuals (as individuals) surely should act as they see fit.

Boycott group?

CCF will protect itself from harms way ... in this legal mine field.
Valued Member
Canada
411 Posts
 Posted 04/04/2014  07:19 am  Show Profile   Bookmark this reply Add sherwooddavid to your friends list
Sorry for posting this in the wrong forum....this seems to be the correct place for it.

Thank you everyone on the great advice,Im sure it's doing to help me a lot as I start my collection !

Have a nice day ! Sherwooddavid
Pillar of the Community
United States
621 Posts
 Posted 04/04/2014  07:46 am  Show Profile   Bookmark this reply Add justin3651 to your friends list
it isn't updated very often but there is this page for "discouraged sellers"
https://goccf.com/t/2392&whichpage=17
Pillar of the Community
United Kingdom
2897 Posts
 Posted 04/04/2014  08:01 am  Show Profile   Bookmark this reply Add Bacchus2 to your friends list
I've bought A LOT from ebay India and never had a problem from there. The only problems I've ever had were from the US so I rarely buy from there now. Nothing against the sellers (apart from one) - it's the shipping that's the issue.
Edited by Bacchus2
04/04/2014 08:02 am
Pillar of the Community
United States
9796 Posts
 Posted 04/07/2014  02:15 am  Show Profile   Bookmark this reply Add westcoin to your friends list

Quote:
I don't really understand the grading of coins as I haven't had time to dig into it yet.


There is a problem here Time to get into grading otherwise you will never know what you are buying. Unless you are sticking to lower cost coins (under a dollar or so) then you will learn as you go, but for heaven's sake don't go off buying investment grade coins with no knowledge of grading. Whew! I just had to get that off my chest.

Now is as good of time as any to start learning, look at the ANA Grading book, participate in the grading forums here on CCF, study, study, study, don't neglect this, it's important, maybe the most important part of the hobby other than having fun and the friends you will meet that share your interest in coin collecting.
"Buy the Book Before You Buy the Coin" - Aaron R. Feldman - "And read it" - Me 2013!
ANA Life Member #3288 in good standing since 1981, ANS, Early American Coppers Member (EAC), Colonial Coin Collectors Club member (C4), Conder Token Collector Club member (CTCC), Civil War Token Society (CWTS) member, Liberty Seated Collectors Club (LSCC) & Numismatic Bibliomania Society member (NBS), USMex, Member in good standing, 2¢ variety collector.

See my want page: http://goccf.com/t/140440
Moderator
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United States
16681 Posts
 Posted 04/07/2014  02:33 am  Show Profile   Check vermontensium's eBay Listings Check vermontensium's eCrater Listings Bookmark this reply Add vermontensium to your friends list
^ agree totally.
swcoin.ecrater.com
Valued Member
Canada
411 Posts
 Posted 04/07/2014  07:36 am  Show Profile   Bookmark this reply Add sherwooddavid to your friends list
@westcoin,your 100% correct ! I have to educate myself on grading. Thanks for the great advice !
Pillar of the Community
United States
1511 Posts
 Posted 04/07/2014  10:09 am  Show Profile   Bookmark this reply Add NathanASE to your friends list
Lots of good advise already mentioned, all I'll add is I comeptely agree with westcoin... Learn to grade before anything.... Or "buy the book before the coin". This is one of the most important aspects of the hobby, because even TPG slabs are occasionally wrong as grading is 100% subjective. Just an honest opinion/advise, but again, honestly wouldn't buy a thing remotely costly, especially off of photos/eBay until your at least a bit comfortable with the series as well as detecting cleanings, problem coins and whatnot as some have some insane price jumps between a single number grade and grading by photos is often quite deceiving. And also, definitely check out the grading forum here as it's a wealth of info regarding different series, it's definitely a great place to learn. And most importantly... Have fun!!
Pillar of the Community
United States
3486 Posts
 Posted 04/07/2014  12:14 pm  Show Profile   Bookmark this reply Add matthewvincent to your friends list
Reading through all of the responses I have another thing to add:
Decided upon your target grades.
I do not collect MS examples, so I have focused upon grades in the XF to AU range.
I say range and not precise numerical grades because it is easier to manage for a new collector.
What separates an XF from a VF and what separates an AU from an EF?
Apply this approach to all the different coin designs in which you are interested.
No need to learn grades which are not within your target.

I have collected for over 50 years and I still prefer this method.
Edited by matthewvincent
04/07/2014 12:21 pm
Pillar of the Community
United States
7375 Posts
 Posted 04/07/2014  1:30 pm  Show Profile   Bookmark this reply Add edweather to your friends list
PCGS Photograde is a great free site. It can be used to study grades of coins, or in a pinch to get a quick approx grade on a coin. I use it all the time.

http://www.pcgs.com/Photograde/
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