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Issues When Exchanging Coins

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Valued Member
Babar's Avatar
Pakistan
207 Posts
 Posted 05/12/2012  4:04 pm Show Profile   Bookmark this topic Add Babar to your friends list Get a Link to this Message Number of Subscribers
Hello everyone!

I have just started exchanging coins via numista.com, and I wanted to clarify a few issues I had.

First off, how can you trust them?!

I know it sounds silly, and has probably got more to do with me being totally uncomfortable with the idea of making such deals over the internet anyhow, but there it is.
I made sure the person I was making the exchange with had good feedback (they did), but it still worries me.

Second, what exactly do you have to look for during an exchange so as to balance things out? I am making exchanges with people from different countries, so postage would probably be an issue, so I make sure that the face value (I am only exchanging coins in circulation) total is roughly the same, and the weight is roughly the same, or if they are not, then one balances the other (the weight is slightly more in one, but that one has correspondly less (face) value in total. Is there something else I should be looking out for?

Because I am in negotiations with this one guy right now, and either I am missing something, or he really wants to take advantage of me. I don't understand it...we've now been through 5 "changes" to the different coins to swap. They are all currently in circulation and none of them have a bullion value greater than their face value.
Pillar of the Community
Wade's Avatar
Canada
2781 Posts
 Posted 05/13/2012  11:11 am  Show Profile   Bookmark this reply Add Wade to your friends list Get a Link to this Reply

Quote:
either I am missing something, or he really wants to take advantage of me


i think you have your answer already...

start with a handful of coins only. keep it simple until you build up a relationship. ask him to send his first, it will tell you everything you need to know.

out of country... a bit tougher... don't send anything that you don't want to loose or cant afford to live without.

numista.com does have a "do not deal with" list on their forums, check it out.

i havent dealt with anyone from that site, but have had GREAT success trading with people here.
Edited by Wade
05/13/2012 11:14 am
Valued Member
Eurocoin's Avatar
Finland
294 Posts
 Posted 05/13/2012  3:27 pm  Show Profile   Bookmark this reply Add Eurocoin to your friends list Get a Link to this Reply
I have swapped only a few times with different persons around the world and everything went fine. The only problem has been that I haven't clear want list or swaplist. That has caused the same problem that you pointed out - the list is changing all the time and your swap friend may start asking you coins that you don't even have at all. So I have ended up to take the missing coins from my own collection or to place an bid on internet auction. It also take a lot of time to check and write what you have and haven't time after time when other guy keeps asking more and more coins for him.
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basebal21's Avatar
13014 Posts
 Posted 05/13/2012  4:29 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply
If you have any doubt dont do it. You can always find someone else to trade with but cant get back something if you get hosed in a deal
Bedrock of the Community
United States
20753 Posts
 Posted 05/13/2012  10:13 pm  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply
Scarry situations. Sending anything through the mail is sort of like playing a game and you just never know the results for sure. And when it comes to someone in other couhtries, just what could you do if they messed you up with a lousy deal? For example if you tried dealing with someone in Ireland and they just took your coins and nothing in return. Just what could you do about it. You surely wouldn't go there for a coin.
And as for feedbacks. I've said this many times before. My Son uses ebay and when in college, all the kids got together and gave each other massive great feedbacks. da thousand or million feedbacks from kids like those means very little so be carefull with that feedback stuff.
Not sure if you've ever tried the world coins here on this forum but very possibly you should try using this forum for such deals if you have the amount of post required. At least if you did most of your dealings with members, a few words about a lousy deal could mean something.
An another thing is when dealing with some countries, if you received a faked coin, just what could you do about that too. I don't think you'ld go to China to coplain about that.
I just looked and you only have 27 posts so far. Just go to get busy on this forum so you can buy and sell here.
Edited by just carl
05/13/2012 10:14 pm
Valued Member
Babar's Avatar
Pakistan
207 Posts
 Posted 05/14/2012  02:32 am  Show Profile   Bookmark this reply Add Babar to your friends list Get a Link to this Reply
Finally settled on an exchange with the guy. Unfortunately, he is the one who wants ME to send first, and I can't REALLY blame him. I've been on numista for just 2 weeks, and have only made one other trade (that hasn't come through yet), while he's been on for at 5 months, and seems to have made 100 trades at least, with all 5 star ratings.... not that I know how valid that is. Then he brought up "I've had bad experiences from Pakistan, Bangladesh and India.... :(

I dunno...I guess I'll go through with it.
What is the best way to pack them up? I've currently wrapped each coin (there are 11) separately in a piece of paper, put them in an A4 envelope, and folded the envelope in half.
Valued Member
Eurocoin's Avatar
Finland
294 Posts
 Posted 05/14/2012  4:25 pm  Show Profile   Bookmark this reply Add Eurocoin to your friends list Get a Link to this Reply
Babar - don't worry about bad country expectations. All you can do is to do your duty well and they will trust you as a person in the future. What comes to packing issue - I would just ensure that coins will hold their positions and wont make any noise. What about the security of Pakistani and the other country's postal services? Do you need your envelope to be registered?
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enworb's Avatar
Australia
4411 Posts
 Posted 05/14/2012  6:18 pm  Show Profile   Bookmark this reply Add enworb to your friends list Get a Link to this Reply
If it is only face value circulating coins then what sort of value are we talking here? If the value is not very much then just go for it.

Ive only ever traded once with someone outside Australia and that was with a member here and everything went great. In the process of organising another.

Its easy to assume everyone on the internet is devious but that just isn't true. Having said that its still a risk but at the end of the day if its only circulation coins and not $200 key dates then go for it.
Valued Member
Babar's Avatar
Pakistan
207 Posts
 Posted 05/15/2012  02:12 am  Show Profile   Bookmark this reply Add Babar to your friends list Get a Link to this Reply
At first it was my understanding that coins here can only be sent via registered mail. Yesterday I learnt that coins and currency are absolutely not allowed to be sent via post. I told this to the guy who I was exchanging with, and he basically said "if they ask, tell them it is Pakistani souvenirs", so I sent them anyhow, and as far as my end goes (giving it to the post office, having it weighed and registered) it went fine.

To be totally honest, Pakistan post is really horrible . Even with stuff like postcards (which I don't send registered), it is like a 50% chance that it never reaches the recipient. Aside from that, the thing I'm worried about is if at some point they x-ray the packages and actively remove it and confiscate it if it has coins in it. Unfortunately, that is not the sort of thing you can ask someone at the post office
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enworb's Avatar
Australia
4411 Posts
 Posted 05/15/2012  02:40 am  Show Profile   Bookmark this reply Add enworb to your friends list Get a Link to this Reply
Sending currency is also not permitted in Australia by Auspost. If I have to register something for overseas I write numismatic collectible as the description. The women behind the counter haven't got a clue what it is.
Edited by enworb
05/15/2012 02:41 am
New Member
Engineer's Avatar
United States
38 Posts
 Posted 05/15/2012  03:54 am  Show Profile   Bookmark this reply Add Engineer to your friends list Get a Link to this Reply

Quote:
What is the best way to pack them up? I've currently wrapped each coin (there are 11) separately in a piece of paper, put them in an A4 envelope, and folded the envelope in half.


Wrap them up in paper, then place them between two pieces of cardboard with tape around the edges. After you put it in an envelope, it also helps to cover the envelope in clear tape to reinforce it.

Bedrock of the Community
United States
20753 Posts
 Posted 05/15/2012  10:16 am  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply

Quote:
Wrap them up in paper, then place them between two pieces of cardboard with tape around the edges. After you put it in an envelope, it also helps to cover the envelope in clear tape to reinforce it.

Partially a good idea but not paper. Some papers can be made of almost anything and some may mess up coins.
Place coins in 2x2's first, then sandwich between two pieces of cardboard and tape all ends. Wrap this in Aluminum foil to prevent any Xray attempt. Of course that would also make someone suspecious but worth a try. Never say you sending coinage. If asked say photographs of your family.
Valued Member
Babar's Avatar
Pakistan
207 Posts
 Posted 05/24/2012  07:43 am  Show Profile   Bookmark this reply Add Babar to your friends list Get a Link to this Reply
I finally did 2 swaps through numista, and I got the first swap's coins a week ago. Something very exhilarating about getting stuff in the mail . Unfortunately the guy I am trading with hasn't gotten my coins yet...I hope there are no problems. I had sent those before I got the advice in here, so they were just free inside the envelope (not wrapped or taped or anything).

The second guy (the one who said that he wanted to receive my coins first before he sent his own) finally got my coins today, and said he'd send off his now. He even gave me a good rating, which should be helpful in future trades.

I'm finally on a roll!
Bedrock of the Community
United States
20753 Posts
 Posted 05/24/2012  08:11 am  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply
Still be carefull not to get involved with any expensive coins. You really don't know who your dealing with.
I don't know if your familiar with a game called pool. Sort of like Billiards. People that play this sometimes make money doing this by starting out playing badly. This makes the opponent start betting higher and higher and eventually the so called bad player starts really playing great and takes all the money. The moral of this story is the other person your dealing with could well be playing a similar game with coins. All starts out well but ends up you sending a valuable coin and the other person vanishes.
OR hopefully all is well and you start a great coin friend.
Like I mentioned previously, there is not much you could do it all goes wrong.
Valued Member
Babar's Avatar
Pakistan
207 Posts
 Posted 06/06/2012  03:10 am  Show Profile   Bookmark this reply Add Babar to your friends list Get a Link to this Reply
I've got the results of one trade so far, and another (according to registered mail) is almost here, so hopefully this is doable, and that makes me happy.

I alluded to this slightly in my previous post, but after dealing with a couple more prospective swappers, I've run into a variety of trading mentalities, so I was curious, and thought I'd find some clarity on the issue here.

What do you look for when balancing the coins you are giving for the ones you will be receiving?

As I said before, I am mostly interested in coins in circulation from different countries- stuff involving ancient coins, or silver and gold content, or rarity doesn't usually enter into the equation. I'm new to this, so I was just summing up the total weight of my coins, and the total value of my coins, and trying to make them almost equal to the weight and value of the coins of the person I was trading with.

Is this the standard way? How do you do it?
I've encountered some people who, on their list of coins for exchange, had a little note that said "Will only exchange for 2 coins" or "Will only exchange for 3 coins", which struck me as a little odd...while I somewhat understand that for proofs, what if the coin I was exchanging was equally valuable? Another guy, after I had picked a couple of coins from his collection to match the value of the coins he had picked mine, excluded one of the ones I picked, because, he said "I had to pay more for this coin".

Is there some standard operating procedure I am missing out on? How is this stuff usually done?
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basebal21's Avatar
13014 Posts
 Posted 06/06/2012  03:32 am  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply

Quote:
What do you look for when balancing the coins you are giving for the ones you will be receiving?


Really its personal preference. Some people may want to get the same number of coins as they are sending.

Personally I would only be interested in having equal value. I wouldnt have a problem trading 5 coins worth 100 dollars for 1 coin worth 100 dollars. I dont really see the point in getting back the same number of coins if the coins you are trading are more valuable just to say you have the same number of coins.

But again its all what YOU want to do.
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