What Happened To Teletrade - Coin Community Forum

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Author	Replies: 4 / Views: 11,803
edgman Valued Member United States 402 Posts	Posted 02/11/2014 7:21 pm Think I'm a little behind the times. Just discovered Teletrade closed up shop. I knew they couldn't survive on once a week auction. Didn't go there much since they did away with the Tuesday no-reserve auction. Got a lot of nice coins without buyers fees on those Tuesdays. Did they merge with Stack and Bowers or just shut down. Get back to me whenever. edgman Report this Post to the Staff

basebal21 Bedrock of the Community 13014 Posts	Posted 02/11/2014 7:53 pm I think it was more of a buy out situation than a merger but either way the end result was the same of Stacks absorbing them and another company. http://www.stacksbowers.com/NewsMed...smatics.aspx Report this Post to the Staff
BStrauss3 Pillar of the Community United States 4596 Posts	Posted 02/11/2014 8:54 pm It took a couple of weeks, but the redirects and historical information is now available through S-B. The bit that our old TT accounts would convert over seems to have been overly optimistic. http://teletrade.com/coins/blog.asp BTW, Spectrum owns 80% of CA based A-Mark Precious Metals. They own 51% of S-B (Bowers & Merena must own the other 49%). -----Burton 50+ year / Life / Emeritus ANA member (joined 12/1/1973) Life member: Numismatics International, CONECA Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club Owned by three cats and a wife of 40+ years (joined 1983) Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/ Report this Post to the Staff
westcoin Pillar of the Community United States 9796 Posts	Posted 02/12/2014 03:41 am I believe Teletrade's big issue was when the previous President Ian Russell, jumped ship in 2010 and opened up a competing company "Great Collections" seemed TT just couldn't survive without his direction and guidance. Interesting that Ian once was President of Bowers Galleries too, another division of Spectrum Group. Great Collections - as far as I understand, is their own company at this time. http://www.greatcollections.com/main-about and http://teletrade.com/coins/help/aboutus/ "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 Report this Post to the Staff
edgman Valued Member United States 402 Posts	Posted 02/12/2014 09:41 am I just bought a few Merc's from Great Collections. He is Really pushing a lot of good stuff on ebay. No buyers fee either. What happened to my 646 points I accumulated on Teletrade? Down the drain I guess. edgman Report this Post to the Staff
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