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 Replies: 11 / Views: 1,232 |
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Valued Member
United States
151 Posts |
I have checked out various clubs and forums on the internet regarding world coins and actually made trades with quite a few collectors. I got burned a few times with trades from India, Brazil and Costa Rica. This is not to say that traders in those countries are risky to business with because I have successfully traded with others from India and Brazil. I backed off after doing a number of trades because of the high cost of registered mail, its just too expensive. It seems like the most cost effective trades are between US collectors but thats very limiting. Any thoughts?
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Pillar of the Community
United States
1454 Posts |
Haven't made a trade yet myself. I guess I have reservations because I hear of stories like these. I guess the best thing is to get to know that person real well first.
My prerequisite would to talk to that person on a forum such as this for at least a year. I would want to see if they are going to post on a regular basis.
Sorry to hear that you have had trouble trading in certain instances. I am even worried everytime I win an auction on sites or even buy something online sight unseen. I guess it is the price you pay for the age we live in now where lots of commerce is taking place in this whiz bang world and where there are few assurances.
Good luck to you in the future. Me, myself, I am still reserved on this issue.
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Pillar of the Community
Australia
3831 Posts |
I agree. Registered mail to anywhere in the world from Australia is around 7usd (get real!) and just sending common circulating coins for trading is just unrealistic. I would rather send them in regular mail and if they get lost, oh well let so be it. There are various homepages of people doing successful trades as well as homepages that tell you whom to avoid (!) trading. That might be useful.  My partial coin collection http://www.omnicoin.com/collection/gxseriesMy numismatics articles and collection: http://www.gxseries.com/numis/numis_index.htmRegularly updated at least once a month. |
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Valued Member
United States
75 Posts |
I've made 100's of trades around the world.
I get requests for trades almost daily.
There are so many world trader sites and
good and bad swappers lists. World trader
etiquett is the one who makes first contact
ships first. You can ship to the U.K., France,
Italy, The Netherlands, Estonia, Belgium and
many many others not using registered mail.
Some, even that won't make it safe, That
happened on 2 of my trades to Russia.
They opened it and took some, but not all.
Some traders use surface mail because it not
expensive, and 4 or 5 weeks is not uncommon
for transit time. Just send emails now and then
and it keeps all informed.
If you're careful and use common sense
99 out of 100 trades will go smoothly.
And yes, you'll hit a snag now and then,
but most of the coins aren't big buck
coins that you have to see and check
out more carefully.
Get a list ready as the traders want to
see what you have to trade. Most lists
sent to me have anywhere from a few 100 coins
to 1000's. Some trade value, some try the 1 for
1 approach, look over the list they send you!
Many will try to trade you a dime and want a dollar.
Some want to trade a few coins, some have asked
for over 100 coins.
It's fun. Just think back to when you
were a kid trading Baseball cards. You could
trade a Mickey Mantle for a Stan Musial straight
up. But you had to trade almsot all your commons
and semi Stars for a Mantle.
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Pillar of the Community
Belgium
2078 Posts |
Belgium really has a catch 22
It is legally forbidden to send money by mail unless that money is fully insured
But Belgian post claim the US did not sign the protocol so insurance is impossible from Belgian post
So in order to be legally correct one has to use a private company at costs of 30 to 50 euro per package even sending only 5 euro worth of coins
Sending coins to EEC countries fully insured is possible but the minimum cost is 4 euro for the registration and 5 euro for the insurance up to 500 E and then the cost of mailing
So you get easily 12.5 Euro to send a coin to a neighbouring country
Of course if it were a medal the insurance would legally not be required
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Valued Member
United States
75 Posts |
Ageka
Where does non legal tender fall
under the law? Obsolete coins?
Collectables, that sort of thing.
I'm courious if that is defined
as monry.
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Pillar of the Community
Australia
3831 Posts |
You would declare them as metal planchets  My partial coin collection http://www.omnicoin.com/collection/gxseriesMy numismatics articles and collection: http://www.gxseries.com/numis/numis_index.htmRegularly updated at least once a month. |
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Valued Member
 United States
151 Posts |
I have declared them as collectible metal discs or numismatic collectibles.
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Pillar of the Community
Belgium
2078 Posts |
quote:
Originally posted by bh8006
Ageka
Where does non legal tender fall
under the law? Obsolete coins?
Collectables, that sort of thing.
I'm courious if that is defined
as monry.
Belgian law is descended from Napoleonistic French law There is in this case two sets of laws Postal law will not allow uninsured money in the mail Obsolete coins or tookens are not money On the other hand there is the tax law that kicks in for international mails Incoming Gold is only exempt of tax if The goldcoin is more then 900/1000 purity the goldcoin is or has been legal tender sometime in history The gold coin price is not over 70% of the gold price based on last month postal goldprice list The goldcoin is post 1800 In practice every country in europe uses a tax list of goldcoins exempt from tax ( those lists should be but are not the same for every euro country ) Collectables and tokens are not a problem for the postal services but may be subject to tax if gold or silver |
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Forum Mom
 United States
5877 Posts |
Frank, I understand your concerns. While it certainly isn't foolproof, that is the reason we have the 50-post rule. It was our feeling that after 50 posts to the forum, members would have a better feel for what the member is like and whether it would be safe to trade with him/her. We have had a couple of complaints about the number of posts needed, but I am aware of too many problems that arose from trading on forums with a much lower post count requirement. So far, our trades seem to be going well. |
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Valued Member
United States
151 Posts |
I have no problem with the 50 post rule, I think its a good idea. I'm not complaining about being burned 2% of the time. Its the same with ebay, I've been stiffed by a few buyers but all and all people are good. And you have to look for the good in everyone or you'll only see the bad. One buyer from ebay bought about 50 Buffalo nickels from me several years ago. They were all in very fine + grade. He demanded a refund and we agreed to send the money and coins back at the same time. That was a big mistake on my part. He seemed so untrusting so I just sent the refund, it wasn't until after that I found out why. He sent back 50 buffs but unfortunately most of them were no date nickels. No big deal, I would even send him an extra $20 if I thought he really needed the money to eat. (sorry about being a windbag) I am just complaining about the cost of world postage and the unreliabilty of some foreign postal services. |
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Valued Member
China
117 Posts |
It is risky and sometimes not economical if the coins to trade does not worth the freight fees. I have won some coins on ebay and also ever had bad experience. It is really sad that after long time wait, you get nothing. |
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Replies: 11 / Views: 1,232 |
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Posted 07/29/2006 10:08 pm
