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 Replies: 8 / Views: 1,827 |
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Valued Member
United States
207 Posts |
I'm thinking of putting a little bit of money into some older coins. Coins that will hold/increase their value over time. ebay scares me just buying from any old seller. Are there any websites or known ebay sellers that you don't have to worry about authenticity or paying too high or prices? For example say you have $800 that you are willing to spend on five coins? Where is your go to place to shop around? Fair and honest prices? Would you buy raw, or only holdered coins? If anyone agrees with any suggestions also, please 2nd what other people suggest. I think of myself as becoming semi knowledgeable but there are just so many different coins it is hard to learn everything. I would really like some VERY old fairly valuable coins. Not for a set, just to have. I just don't wanna spend $300 on a coin on ebay, and 40 years from now find out it was a fake, or that I significantly over paid for it. |
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Bedrock of the Community
Australia
21788 Posts |
There are some very good professional coin dealers who use ebay on a regular basis. Most of these guys have a good reputation that requires jealous protection, with fair and honest dealing. To identify these guys, have a look at what they offer, and any business information that is shown with that offer. Then search their business website, You should be able to find out exactly who you are dealing with. If you are then happy with what you find, you are then in a position to be able to bid confidently. Edited by sel_69l
05/20/2012 06:37 am
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Pillar of the Community
United States
1704 Posts |
If you want to go through ebay there is Alistair's Coins http://stores.ebay.com/Alistairs-Coins whom I would recommend. I know this coin dealer personally and he is fair and honest. Off of ebay I would highly recommend Type Coin Co., Gary Adkins Associates, Inc., Dr. Eugene Bruder Numismatist are all coin dealers I regularly do business with. All have web sites and a very nice selection of coins for all price ranges. Raw coins are graded accurately and each take customer satisfaction very seriously. Ed ANA LM-3175 |
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Pillar of the Community
 United States
2362 Posts |
 Many coin dealers also sell on ebay. I must say that there are many quality, honest ebay sellers. It's a matter of your preference and taking the time to do some research. Some of our forum members only buy from local coin dealers but many like myself research and prefer buying on ebay. I live in CT and see that you are in NY. I've bought from Sam Sloat coins in Westport,CT and they are a longtime respected coin dealer. Even though their coin shop is close by I've bought via their web site and am a happy customer. I hope this helps. Member ANA and EAC "You got to lose to know how to win". Dream On by Aerosmith |
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Bedrock of the Community
13014 Posts |
Dont be scared of ebay just from a few bad apples. As states above you could go with raw or graded coins from the reputable dealers once youve identified them. My general ebay policy is to only buy graded though. But I would give them a look as there really are a lot of fantastic coins listed on there |
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Valued Member
 United States
207 Posts |
Thanks guys, good tips. Everything is just so overwhelming, especially with all of the counterfeits that I always hear about. Thanks, everyone on here is so helpful I love it.
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Pillar of the Community
United States
4416 Posts |
There are many coin clubs and shows across NY. My best acquisitions have been a result of such associations. I'd encourage you to network with local dealers and collectors, gradually building relationships and garnering knowledge along that path.
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Valued Member
United States
367 Posts |
When buying from ebay, I generally stick to buying slabbed coins. There are some very good professional coin dealers on there. The thing I noticed is their coins usually carry a premium. When listing a coin I always check out the completed items to see what coins are going for. I can list a coin the same year, mint mark, grade, ect. for 10-20% less and not get a bid. |
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Valued Member
United States
187 Posts |
I think that I would decide on what kind/type of coin that interest me. Do some research on condition and values for those coins, then go to a local dealer to see what they have. You will know if you are getting an honest price or not.
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Replies: 8 / Views: 1,827 |
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Posted 05/20/2012 4:01 pm
