Teletrade Question

I've seen their ads in some magazines, and I had noticed the large quantity of cleaned coins. It seemed strange to me that they would buy so much cleaned stuff and market it in a magazine where it costs money to put the ad. I'd want to advertise my higher end stuff there.

I've purchased some pretty nice coins in Teletrade auctions in the past (1852-C and 1857-D half eagles, 1878 proof Twenty Cent Piece, etc.) but it's been years since I've won any of their auctions. Their prices have just gone too high. Both times I've placed unwanted coins in Teletrade auctions I've been disappointed with the prices realized.

To add insult to injury, they charge sales tax for bidders in California. So, it seems like it's become a site where you can buy high and sell low. It doesn't work for me any more.

I've bought coins from them in the past at reasonable prices, but they are few & far between. For whatever reason their prices seem to run a little high. I suspect part of that is because they add the buyers premium in when they post the realized price.