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Posted 01/27/2020 12:08 pm
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The "No Returns" seems to add risk though. As a rule, I wanted to avoid coins with this policy, but I now understand better why some sellers end up here (too much hassle with returns and losing money when it happens). The bigger houses (e.g., Great Southern Coins) know they can get higher bidding on most offerings that will likely off-set any fees incurred on incidental returns.
The "No Returns" seems to add risk though. As a rule, I wanted to avoid coins with this policy, but I now understand better why some sellers end up here (too much hassle with returns and losing money when it happens). The bigger houses (e.g., Great Southern Coins) know they can get higher bidding on most offerings that will likely off-set any fees incurred on incidental returns.
It is unfortunate paypal has decided to go the way they have with the fees especially since the fees are charged with sales tax included as part of the total that the fee is taken from (still really not sure how that is actually legal to do but no one has challenged it yet).
There is certainly added risk to no returns listings but when sellers are realistically looking at $40+ in fees for a customer to return a 1k coin even if the customer pays return shipping more and more sellers are going to be moving to no returns as time goes on. To be fair though the auction houses really don't allow returns either and if they do it's like once a month not at will like ebay.
That said the majority of sellers will always offer returns if the buyer offers to cover the costs of it
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My understanding is luster is directly related to grade. All things being equal, impaired luster will drop the grade compared to full luster.
My understanding is luster is directly related to grade. All things being equal, impaired luster will drop the grade compared to full luster.
For sure. Luster is part of the grade.
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Regardless of how good (or bad) a coin looks in hand after the fact, I believe a single obverse and reverse photo will only capture so much of what is or isn't there (e.g., luster).
Regardless of how good (or bad) a coin looks in hand after the fact, I believe a single obverse and reverse photo will only capture so much of what is or isn't there (e.g., luster).
Absolutely, which learning to read picture styles and make educated guesses at it is the hardest part about buying online especially for raw coins.
