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When Buying Over The Internets?

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Valued Member
Davest's Avatar
United States
325 Posts
 Posted 02/10/2009  7:23 pm Show Profile   Bookmark this topic Add Davest to your friends list Get a Link to this Message Number of Subscribers
I've been reading the ebay posts with great interest and have a question regarding buying from companies over the net. There is one in Maryland that seems to be quite large and has a good stock of rare and obsolete coins, paper money and military certificates. I'm not sure if I can post their name. I've purchased quite a few coins from them in the Photograde GemBU, ChoiceBU, SelectBu, AU and other grades. My question is; The coins look great, as far as I can tell, how do you figure out if they've been dipped or something to make them look "great"? The prices I've paid don't seem to out of line(although sometimes they are a bit lower than the RedBook) and of course a standard shipping rate is added to each total purchase. Would taking them to a land based dealer be a good move?
Pillar of the Community
ratman4762's Avatar
United States
2520 Posts
 Posted 02/10/2009  8:20 pm  Show Profile   Bookmark this reply Add ratman4762 to your friends list Get a Link to this Reply
That's never a bad idea. It's a good idea to find a dealer that you can trust. They can provide you with a wealth of information.
Bedrock of the Community
United States
20753 Posts
 Posted 02/10/2009  8:31 pm  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply
The internet has grown massively. And with selling place when very large, crooks, criminals, con artist, etc pop up with everyone else. What is good, bad, horrible, fantastic, wonderful, etc over the internet is now just guesswork. As a general rule most of the people I know either sell or buy something over the internet. And as a general rule about 10% of them have been taken. So that is fairly decent odds that the coins you purchased are OK but buying anything withoug actually seeing it is a risk. When doing that just make sure your purchases are 1. Something you can afford to make a mistake on 2. Something you can return without paying to much. Some returns require you pay postage an a restocking fee. 3. Just don't buy something you really may not want. 5. learn how to use ebay so you can resell that thing if not OK.
As to what to do with items like those. Find a coin store or coin show and take them there for authenticating. Most dealers will help you out there.
New Member
United States
7 Posts
 Posted 02/11/2009  12:02 pm  Show Profile   Bookmark this reply Add skidmore75 to your friends list Get a Link to this Reply
To davest , if you are referring to coast coins I've been buying from them for several years. If you don't like the coin you can ship it back , get your money or another replacement.I have sent one or two back over the years so now I tell the person I don't want a coin that has face nicks and so far it has been working to my benefit.

Of course I'm speaking of old coins not new bullion type.Without actually seeing the coin it's a chance you take but I know Coast will not cheat you.Besides their $5 shipping is the cheapest.I will not mention some other catalog coin dealers as coast I find has been the best so far.

No I don't work for coast .I'm 78 and heve been collecting since 1980.My first coins were bought at local auctions where I could examine each coin with a loupe.For a beginner I'd look for a local coin shop get to know him and just examine what coins they have and ask the grades.If you have a Morgan for instance ,take it along and compare it to one in the shop.

I find it easier to stay with just one coin type first like Morgans , get a Photograde book and learn the in's and out's of that coin until you become really familiar with how to grade . You won't become and expert overnight and you can still be fooled by a clever scam artist.

There are a few on e-bay who use the faux nac grading system which when I logged on ,found it has been UNDER constructon for 2 years so far."His" coins are slabbed and I found he has most listed as MS 66. What a joke.Let the buyer beware.
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