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 Replies: 10 / Views: 2,411 |
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New Member
Canada
45 Posts |
I live in a rural area that does not have a coin dealer so I have to make all of my purchases online. I am looking for advise and suggestions about what I should expect when buying coins online. Warning are most welcome.
I have made purchases through four of the major online dealers. All of the coin merchant but one has been mentioned. I cannot find any reviews on Canadian Coin & Currency. They seem to be a big player judging by there web site. Does anyone have any experience with this company? I believe that there is a connect with CC&C and the shopping channel and that made my ears perk. If you know what I mean.
Any help would be great. Cheers
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Bedrock of the Community
Australia
21788 Posts |
If you are going to buy any big ticket item on line, just make sure you are happy with the dealer, who has a very high reputation, that has been established over a very long time. Look for their advertisements in numismatic publications, and speak to them over the 'phone as well.
For items of less than say $50, perhaps you can take more of a risk.
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Valued Member
Canada
60 Posts |
I have never had a bad experience with CC&C. They do offer some nice promotions and the deal of the week. But when it comes to a rare or expensive item I buy the coin and not the holder, so I like to see the coin first or make sure I can return it for a refund if not satisfied at my expense. But mint products are never an issue with them, and the service has always been quick and efficient for me.
Try to attend some of the major conventions and meet the dealers to help build a working relationship.
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Pillar of the Community
Canada
1554 Posts |
 Richard76, you won't be disappointed with Canadian Coin and Currency. They are owned and operated by Steven Bromberg of the Shopping Channel fame and is a very reliable dealer. They have fast shipping and reasonable costs. Coins are a tad bit pricey, but the scans are wonderful and selection is unbelievable! Something for everyone's BUDGET! Glenn  |
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Valued Member
Canada
299 Posts |
Hi Richard, I'm another rural collector. I'd suggest getting a copy of Canadian Coin News and look at the advertisers in there. When you scan the 'want ad' section, you'll probably recognise many ebay names. I've bought from all of them at one time or another, most have websites (jandmcoins not so great at keeping their inventory lists up to date, but still nice stuff :) and most have ebay stores and return policies. I often scan Colonial Acres to see what new stock they have. I've even heard :) that some dealers on ebay will offer up fairly good deals person to person, so to speak. Get to know your sellers 'cause lots of them use ebay to sell and to advertise they are around and most are willing to deal off line! Just from reading from posters here can lead to cool discoveries. Some have ebay listings :). Also subcribe or order major auction catalogs like Geoffrey Bell or Torex. Usually have great pictures, easy to bid on..even on-line. Great as a reference resource too! |
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New Member
 Canada
45 Posts |
Thanks...
With circulation coins ($1 & $2 for me) I just buy uncirculated mint package to start. Just to build a small collection while I learn more about grading. I did pick up ICCS graded MS-65 and a PL-65 loonie so I could have a benchmark for roll hunting.
Are damaged or bad coins/bad orders a common occurance? People often mention how accommodating dealers are...I assume sometimes there are problems with coins?
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Valued Member
Canada
299 Posts |
Are damaged or bad coins/bad orders a common occurance? I don't really think so. My problem is raw coins, my grading abilities are limited at best. Mostly I buy graded coins from ebay and or dealers. When I buy a raw coin on ebay, I'm always suspicious of the inferred grade, lol. If it costs over, oh..I don't know, $500 or higher...I might send it off to ICCS asap. If the coin is found to be altered, whizzed or fake then I can use eBays 45 day return policy, regardless of what a seller might state in his/her listing. Oh the other hand, I can't assume that any seller would be any better at grading coins than I would be...bad or optimistic eyesight can be prevalent in many cases, look at asyn ebay listings as an example of nightmare grading. But if you do think you have gotten a suspicious coin, dealing with in within the 45 day ebay rule would make sense. |
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New Member
Canada
45 Posts |
I don't have the courage to go hunting on ebay yet. My collection has pretty well just begun so I guess the need hasn't arisen. Dealing with a reputable company seems to me to be the safest way for a beginner to buy coins. The trouble I have encountered is damaged coins.( I'm not sure about the terminology here. ) Marks and contamination on coins. Here is an example. Five pack of 2010 Roughriders circulated loonies...three had issues like this image  Edited by Richard76
01/04/2013 7:13 pm
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Pillar of the Community
1844 Posts |
Richar.. when it comes to Canadian Coin & Currency you wont be disappointed ..I have been to the Store many many times and they are great to deal with..Now you wont get large discounts but you will get superior service and great quality..You can ask for Denis tell him Sid sent you this way..hahah I have had many many dealings with them..and if you sell to them you are guarantied 50% of trend at all times unless a coin is damaged or common...
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Pillar of the Community
Canada
3692 Posts |
I wouldn't go as far as to say that they have something for everyone's price point (glenzy, I respectfully disagree with you here). They definitely don't have world binders anymore that you can browse. Since their relocation I've found that they deal mostly with the higher eschelon of coin collectors and they hire a lot of new people. I like to deal with the same people repeatedly so that's just me nitpicking.
Quality, however, is high. Don't buy the slab, buy the coin. They rely on third party graders because they are not expert graders by any stretch, and that's why sometimes their coins were seemingly very expensive in the past. I find that they are mostly bullion and Mint dealers. They do their best to represent the coin for what it is and that's why they use TPGs - to cover their butts.
The moral of the story: they are human, and subject to flaws like everybody else in this world.
I haven't bought anything from them online so I can't speak to that, but they are pretty trustworthy in my book. The Shopping Channel connection is just that, a different market. If you go into their store they won't treat you like an idiot because they really value their repeat customers, but in any case, arm yourself with knowledge.
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New Member
Canada
45 Posts |
Thank you for sharing you point of view.
I have made a four our five purchases from Canadian C & C and I have been pleased with the quality of shipping and timely filled orders. But with the coins it hasn't been perfect. As it has been said they are only human.
I wouldn't disregard any company for making a mistake. Especially at this time or year. These coin dealers must have hundreds of orders over the holidays. I know I kept them busy.
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Replies: 10 / Views: 2,411 |
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Posted 01/04/2013 4:17 pm
