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 Replies: 13 / Views: 1,177 |
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New Member
United States
1 Posts |
Are "Liquidation Sales" and "Estate Sells" that look flashy with bags of wheat pennies and silver bars and everything spread out in a flashy fashion all scams? A lot of these have thousands of good reviews, but I was not sure if those are just boosted. Something seems fishy. Does anyone know if these are legit?
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Pillar of the Community
 United States
7943 Posts |
I don't think it matters. As with any buyer-seller transaction, know what you are getting, know what it should be worth, and caveat emptor.
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Bedrock of the Community
United States
94367 Posts |
Seriously, what do you think?   to the CCF! |
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Bedrock of the Community
United States
19164 Posts |
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Pillar of the Community
United States
1316 Posts |
Its marketing to make feel like you might be getting a deal. Ultimately, the seller is trying to get a max price. If you don't educate yourself to make smart decisions, they are more than happy to take your money for over valued common stuff.
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Pillar of the Community
United States
819 Posts |
I work estate sales. We do find coins and the higher value items are put on the bay.
I of course get first pick lol. We did a sale awhile back there were so many coins and sets it took two hours just to empty the safe. A lot of that stuff went on the bay.
I am not saying all are good sellers. To many out there just looking to rip people off.
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Pillar of the Community
United States
4233 Posts |
I see a lot of that stuff, even single coins with "Estate find!" like it means anything. Literally everything owned is in someone's "estate", so why saying it attracts anyone's attention I have no idea. "Liquidating" literally means converting an asset into cash by selling on the open market, so again, totally meaningless. Everything being sold on ebay is being liquidated. To me using these vapid buzzwords subtracts from a seller's reputability. Don't fall for it. |
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Moderator
 United States
54282 Posts |
Show your financial support of the Coin Community Family (click here)See my topic on Mexican Numismatic Medals (click here) |
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Moderator
United States
15441 Posts |
to the CCF Take a look at my other hobby ... http://www.jk-dk.art |
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Bedrock of the Community
Australia
21788 Posts |
What sort of sale it may be is of little importance to me.
Some ?liquidation or estate? sales are just attempts to sell bulk cull lots.
What is important is to closely examine in hand each coin that you may be interested in, and consider buying those only.
Ignore the common coins, be a cherry picker, - the common coins stay common, the scarce coins become scarcer.
'Scarce' in this case means more common coins in very high grades or intrinsically scarce coins.
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Valued Member
United States
416 Posts |
Are you actually going to the estate, or buying someone else's lot that they claim is from an estate? If the latter, then surely it has been picked through and no bargain will be had, this is just playing to people's dream of finding hidden treasure. Odds are these are worse deals than just buying the stuff in a regular "honest" auction.
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Pillar of the Community
Canada
1766 Posts |
 These are just labels to grab your attention, and try to convince one whatever they are selling is a great deal. As said before "buyer beware". Edited by Sharks
11/11/2023 11:22 am
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Moderator
United States
188727 Posts |
to the Community! |
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Valued Member
United Kingdom
383 Posts |
It's also common practice for the auctioneer to bundle stuff together into lots so the buyer has to buy a load of stuff they didn't want just to get the one item they do. But then, on the other hand, it's actually the seller's job to get rid of all this bric-a-brac...
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Replies: 13 / Views: 1,177 |
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Posted 11/09/2023 8:51 pm
