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 Replies: 34 / Views: 5,205 |
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Pillar of the Community
Canada
1554 Posts |
 Speaking for myself, I have no option but to resort to icollector.com to make my purchases from now on. I find I can't add to my Collection any longer from E-bay auction. Occasionally I do make the odd buy on E-bay, however, these days appr. 80% of what acquire comes from the above mentioned venue! Glenn  |
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Pillar of the Community
United States
7840 Posts |
I have made a few purchases from some of the Big Auction houses and I incorporate all of the fees into my final bid. Yes, I have lost 95+% of the items that I was bidding on. If you want it bad enough, you gotta cough up the funds.
Edited by oih82w8
10/06/2013 9:35 pm
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Pillar of the Community
 Canada
617 Posts |
A lot of what I'm looking for now is not available on ebay. The last auction I spent a lot of money at, I did quite well. This was the Spring G. Bell auction. I won items with a trends value of $2,550 for $1,622 before GST, but including all other costs. The items were really good for their grade, and very hard to find. I always figure out how much I want to pay, and then back out the buyer's premium to arrive at my bid. If I win, I win and if I lose, I lose. |
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Valued Member
83 Posts |
Re: Quote:"You guys are crazy to buy on ebay" You're missing an incredible opportunity to tap into the #1 world-wide market to find Canada coins if you think that. I've been buying and selling coins on ebay for a while now, and I guess that makes me crazy (like a fox). Have found lots of great coins at good prices and have been able to make a fair amount of profit on them to contribute to the cost of going to college. As jg86 explains buyer is totally protected if unsatisfied with purchase, provided you don't buy from listings that specify "no returns", which is a small minority of sellers. Scott's Canadian Coins Edited by Scotts Canadian Coins
10/18/2013 7:14 pm
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Pillar of the Community
Canada
849 Posts |
Scotts as a new member I believe you shouldn't be posting your ebay account... |
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New Member
19 Posts |
The emphasis here seems to be on the "cost" of buying mostly generic coins readily available at dealers' tables or ebay. What about the lost opportunity cost when avoiding auctions just because of fees? Collecting with purpose / research is much different than speculating on grading points and finding "bargins" below Trends. The scarcer stuff usually turns up at auction......cost is secondary here to availability and historical interest. |
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Pillar of the Community
United Kingdom
856 Posts |
Quote:
The scarcer stuff usually turns up at auction......cost is secondary here to availability and historical interest. Exactly. I'm currently waiting to receive a coin I bought in an auction last Wednesday. Between 1999 and now I know of only twelve others like it that have come up for sale. Three were on ebay (all real poor quality), two from a dealer and the rest were all auction house sales. That's why I buy at auction. |
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Bedrock of the Community
Canada
11922 Posts |
I don't think auctions are a waste of time. Even if one doesn't by anything, they still get to look at all those shiny (and non-shiny) coins.
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Valued Member
United States
315 Posts |
Never used any except coin shop. I should have used ebay though, my coin shop is kind of a ripoff. |
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Valued Member
Canada
220 Posts |
0% auction house....5% dealers.....5% circulation.....90% ebay. As time goes on, ebay will be used less as I want to get better quality so I will use the dealers/auctions more. |
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Pillar of the Community
Canada
1554 Posts |
 Mom and Pop, brick and mortar coin shops are soon to be a thing of the past. More major coin dealer that once owned a walk in coin shop with a full display of Collector coins are soon to be a thing of years gone by. Dealers in the near future will be speaking to customers by appointment only, you'll have a limited time to sell or make buys of coins that you have interest in. Dealers are now seeing the money Coin auctions are bringing in (via 20% buyers premiums). Three major dealers I've spoken to in the past 5 years have confirmed my above mentioned writings and feel it is a greater venue to list on icollector.com / ebay / or their own private website to make sales. One dealer I spoke to this week said, "Glenn, if I had a $2,000.00 coin in a brick/mortar store, it would take 5 years to sell it. Whereas, here on the Net, I can do it in a matter of weeks". Glenn  |
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Pillar of the Community
 Canada
2495 Posts |
Very true Glenn.
We used to have a ton of coin shops in the Toronto area.
Now there's just a scattering of them. (one rather large one that's prevalent on the Shopping Channel).
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Moderator
 Canada
10460 Posts |
There is a new coin store opening up in Toronto... in November...
"Discovery follows discovery, each both raising and answering questions, each ending a long search, and each providing the new instruments for a new search." -- J. Robert OppenheimerContent of this post is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License. See: http://creativecommons.org/licenses...0/deed.en_USMy eBay store
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Pillar of the Community
Canada
1581 Posts |
Where?
Toronto proper is 630 km^2 :)
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Pillar of the Community
Canada
5400 Posts |
I have to agree with Glenzy and his comments on local shops. Except in Victoria BC where there are seven count em seven shops serving 300k population, they are going the way of the dodo bird. I had a shop for years and expensive coins took forever to sell at a local level. Not having a shop is certainly the way to go these days and personally I have NEVER done better! We sell lots of better stuff at shows and on ebay at a decent markup. The only advantage to a shop is you have an advantage to buy from the public. |
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Replies: 34 / Views: 5,205 |
First Page
Posted 10/06/2013 5:49 pm
