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Any Low Grade Auctions?

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Pillar of the Community
ron6788's Avatar
United States
655 Posts
 Posted 02/13/2009  9:33 pm Show Profile   Bookmark this topic Add ron6788 to your friends list Get a Link to this Message Number of Subscribers
Hi. Does anybody know of any auctions out there for lower grade coins, say $1-$100? ebay is obvious but there's so much scamming going on there and very little control. I was looking for a good hosting company something like Heritage Auctions but on the low end. Any help would be appreciated.
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vermontensium's Avatar
United States
16677 Posts
 Posted 02/13/2009  9:36 pm  Show Profile   Check vermontensium's eBay Listings Check vermontensium's eCrater Listings Bookmark this reply Add vermontensium to your friends list Get a Link to this Reply
No auction sites off hand right now but, this is a cool site for bargains: http://cheapslabs.com/
swcoin.ecrater.com
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manila galleon trade's Avatar
Spain
1361 Posts
 Posted 02/13/2009  9:38 pm  Show Profile   Bookmark this reply Add manila galleon trade to your friends list Get a Link to this Reply
Upon reaching 50 post you can start checking the forum buying and auction section.
Bedrock of the Community
United States
10284 Posts
 Posted 02/13/2009  9:42 pm  Show Profile   Bookmark this reply Add TNG to your friends list Get a Link to this Reply
Nice link there vermont! Looks good!
I never saw this place before. CHEAP SLABS
Are they a good place for dealing with in your experience?

RATHER THAN MAKE ANOTHER POST
Edit:
Thanks Vermont, I see your reply BELOW and I'm browsing them right now.
I'll put them in my Favs.
Edited by TNG
02/13/2009 9:51 pm
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vermontensium's Avatar
United States
16677 Posts
 Posted 02/13/2009  9:46 pm  Show Profile   Check vermontensium's eBay Listings Check vermontensium's eCrater Listings Bookmark this reply Add vermontensium to your friends list Get a Link to this Reply
Yes. I have had very nice experiences with these folks. They have some very nice coins and their prices are very reasonable. Not to mention for error and variety collectors, some great deals!
swcoin.ecrater.com
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Kabiye_Lady's Avatar
United States
581 Posts
 Posted 02/14/2009  02:02 am  Show Profile   Bookmark this reply Add Kabiye_Lady to your friends list Get a Link to this Reply
There may be others, but Teletrade does have lower priced coins. I once bought a bust half in G from Teletrade for $62.

The problem with lower priced coins are the fees. They can make up a good percentage of the final price of the coin. Of course, most people take that into account when bidding. Be sure you know what will be added on if and when you win a coin!
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ron6788's Avatar
United States
655 Posts
 Posted 02/14/2009  03:56 am  Show Profile   Bookmark this reply Add ron6788 to your friends list Get a Link to this Reply

Quote:
vermontensium
No auction sites off hand right now but, this is a cool site for bargains: http://cheapslabs.com/

Thanks for the link, that's a promising name. I'm checking them out.


Quote:
manilagalleontrade
Upon reaching 50 post you can start checking the forum buying and auction section.

Yes, that's how I happened on this site to begin with. I did a search for a lower grade flying eagle which I wanted and it linked me to that section. Is there a lot of activity there?
Valued Member
United States
79 Posts
 Posted 02/14/2009  09:37 am  Show Profile   Bookmark this reply Add shovel78 to your friends list Get a Link to this Reply
I have bought coins from cheapslab and have been treated good.
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SsuperDdave's Avatar
United States
23522 Posts
 Posted 02/14/2009  12:20 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply
My vote for the best lower-grade source out there:

http://www.alaskacoinexchange.com/index.htm
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coinblogger's Avatar
United States
88 Posts
 Posted 02/20/2009  3:34 pm  Show Profile   Bookmark this reply Add coinblogger to your friends list Get a Link to this Reply
Those are some nice sites. thanks for the links
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Jamez's Avatar
United States
750 Posts
 Posted 02/21/2009  09:36 am  Show Profile   Bookmark this reply Add Jamez to your friends list Get a Link to this Reply
coinzip.com has free auctions
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ron6788's Avatar
United States
655 Posts
 Posted 02/24/2009  9:31 pm  Show Profile   Bookmark this reply Add ron6788 to your friends list Get a Link to this Reply
Better to have more choices than less but I'm afraid I have serious issues with these sites when it comes to value measures. For instance, Coinzip has an auction for a bust half ICG-53, common date 1831, slightly uncommon R3 Overton, with no reserve but a starting price of $499.95! That's like double of what it should be. Then the Alaskan Coin Exchange has a PCI-62 1835 CBH listed for $1,275. That price might be fair if it were an NGC slab but if you look at the upper curls on the bust of the PCI, it looks circulated! (http://www.alaskacoinexchange.com/S...CI-MS62.jpg) I wouldn't go more than $400 or $500 for that piece. Then I checked out Cheapslabs. They have a lot of problem slabs, like cleaned or corroded, which in itself could be acceptable, but, again, I have issues with the valuation. They list a CBH 1836, ICG-50 Cleaned, for $265. One can usually get an NGC-50 for just a little more at other auctions. Cleaned should be under $200.
But I'm still glad to have the links to check out. It doesn't mean a good deal can't be had if one searches it out. Just be forewarned nobody's giving anything away. I think I was wrong in the first place. ebay is a good place for the lower end common coins or common conditions, stuff that's not likely to be faked. In fact, I've found literally hundreds of low-priced auctions with many sellers offering very low postage. I orderd a few common IHCs one day, paid by Paypal the same day, and then 2 days later had the coins in my hand. Can't beat that. Still need to be watchful of overgrading and cleaned coins, though.
Ron
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