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How do i buy safely on ebay?

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Calnumismatist View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Calnumismatist Quote  Post ReplyReply Direct Link To This Post Posted: 09 Jun 2008 at 1:25am
Originally posted by kingofcoins kingofcoins wrote:

I'm shocked people are so easy to knock purchasing on ebay or purchasing online.
 
I have been in the coin business for almost 2 decades, and I would NEVER recommend Ebay to a new collector. Just as I would not recommend TV or searching through countless websites.
 
If you know something about coins, grading, and prices, sure there are plenty of places to buy and sell coins safely.
 
Simply stating "Use top grading firms, and real coin firms" is far from "good" advice. I can name dozens of big name dealers who have been in business for years who use Ebay to bend over new collectors.
 
::: For the new collector :::
 
1. Start off by first determining what coin(s) you like or wish to learn more about.
 
2. Spend some time reading (online) or through books about these coins.
 
3. Purchase some books about the coins that you like.
 
4. Register at http://www.heritagecoin.com (free) and research the values of the coins that you like.
 
5. Attend some shows in your area. Look at the coins that you like. Talk with the dealers in attendence.
 
6. Read some more. Talk with people about the coins you like.
 
7. Read again. Every dollar you spend on a book will save you $10 in the end.
 
8. Finally, when you are ready to purchase a coin. Do the research. There are very few coins that require "buy me now" and you are definately not in that catagory as a new collector.
 
9. Buy the coin because you like it. Not because it may or may not be more valuable at some future date.
 
10. The more you learn, the more you will enjoy this hobby. It will make your purchases mean more to you, and it will save you many lessons in your collecting life.
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Calnumismatist View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Calnumismatist Quote  Post ReplyReply Direct Link To This Post Posted: 09 Jun 2008 at 1:36am
Originally posted by just carl just carl wrote:

It is obvious that kingof coins is a coin dealer. Nothing personal but a coin dealer is just as likely to stick up for ebay or thier web site as a used car saleperson in a used car lot.
 
Hold on a sec. I am a coin dealer, and I have NEVER recommended Ebay, especially would not do it for a new collector (see above post). I have not, nor will not recommend the company which I work for (not publicly). I participate on several forums and have never done this publicly.
 
There are plenty of dealers and collectors who write on various forums to educate others.
As with any form of advice, it should be verified and considered in your own way and on your own time.
I am constantly bunched in with good and bad dealers, and while this is standard practice (especially on online forums), I am sure that many collectors would not like the same treatment.
 
So instead of lumping everyone together, let us try to educate the best that we can, and allow the truth to show through.
 
 
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Post Options Post Options   Thanks (0) Thanks(0)   Quote kingofcoins Quote  Post ReplyReply Direct Link To This Post Posted: 09 Jun 2008 at 5:31am
but cal, heritage sells on ebay. what if you bought something from heritage through ebay? would that be wrong?? may top companies sale on ebay.
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Calnumismatist View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Calnumismatist Quote  Post ReplyReply Direct Link To This Post Posted: 09 Jun 2008 at 8:54am
Okay, Heritage, Bowers and other major auction houses sell on Ebay. You can save the extra fees by buying through them directly.
What have any of the major firms offered on Ebay that they have not offered directly through their own channels?
 
If I directed someone to Heritage, which I have done countless times, I send them to Heritage, not the garage sale site that they also happen to list some of their items on.
 
Again, Ebay and other online sources are okay for those who are knowledgeable to spot fakes, and overgraded material. However, this particular question was asked by a new collector. 
 
 
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Post Options Post Options   Thanks (0) Thanks(0)   Quote DoubleDie Quote  Post ReplyReply Direct Link To This Post Posted: 09 Jun 2008 at 11:32am
Yes, and a new collector needs all the advice they can get, and not us playing tennis with the facts.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote kingofcoins Quote  Post ReplyReply Direct Link To This Post Posted: 10 Jun 2008 at 1:39am
ive seen many greysheet listings on ebay from heritage. I've even checked the current sheets to check that the prices were correct. Heritage wasn't charging anymore than if you would have bought it from their site.
 
I contact of mine said the reason Heritage posts items on ebay is not "to get rid of junk," but rather introduce collectors who may have never delt with Heritage to Heritage. After the ebay transaction is complete, hopefully that collector will come to trust what Heritage has to offer, and will go to www.ha.com and shop.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Calnumismatist Quote  Post ReplyReply Direct Link To This Post Posted: 10 Jun 2008 at 3:42am
You are missing my point, or I am not making it as clear as I had hoped.
 
While the major auction houses and many good firms will place coins/currency out on Ebay, it is not a reason in and of itself to send a newcomer to the site.
How many can honestly say that there are more opportunities for a newcomer to have a successful experience versus a bad experience using that auction site?
When a new collector comes to those who are supposed to know something, it is the responsibility of those with the knowledge to assist in the best manner possible.
 
There are certain undeniable facts about Ebay:
 
1. The feedback system does not always tell the truth.
2. The feedback system can and is manipulated by some.
3. Accounts are stolen on a regular basis
4. Counterfeits are sold on a regular basis
5. Altered coins are sold on a regular basis
6. Plenty of table top grading companies thrive
7. Stolen images are used on a regular basis
8. Countless AT coins are sold on a regular basis
9. Multiple shill bidders
10. Paypal or CC protection is not exactly perfect in case of a bad deal.
 
Of course, plenty of these same problems can occur in any venue, however, the more you limit your exposure, the safer you are.
 
Education has always been the rule of thumb, and it should always be recommended first.
 
Now if someone wanted to recommend 10 or so recognized firms on Ebay to send them to, why not send them directly to the firm to start with and eliminate the temptation to look outside the safe areas?
 
We all know how easy it is to be fooled. A newcomer has not learned this lesson, and if "we" who should know better, can assist in the proper learning curve, I believe it is our responsibility.
 
 
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Post Options Post Options   Thanks (0) Thanks(0)   Quote kingofcoins Quote  Post ReplyReply Direct Link To This Post Posted: 10 Jun 2008 at 3:49am

Ahhh, I see what you were trying to say now. For some reason I forgot what our main concern should have been. Would you direct a new collector to ebay for purchase. My answer is NO! I agree with you calnmismatist. I say the first place a new collector should visit is a library. The best thing a new collector could ever buy is a book.

www.kingofcoins.com
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Post Options Post Options   Thanks (0) Thanks(0)   Quote kingofcoins Quote  Post ReplyReply Direct Link To This Post Posted: 10 Jun 2008 at 3:52am

P.S. Don't get me started about Paypal. Geez, I have had more than a few problems with paypal. You send an item fully insured with signature confirmation and everything else they require. The guy opens up the package, takes out the coin, and then contacts Paypal and says nothing was in the package. Paypal opens a claim, FULLY refunds the guys money, and I was out of product and payment. I learned my lesson. In God We Trust....ALL OTHERS PAY CASH!

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Post Options Post Options   Thanks (0) Thanks(0)   Quote Calnumismatist Quote  Post ReplyReply Direct Link To This Post Posted: 10 Jun 2008 at 4:29am
The company that I work for accepts paypal and uses Ebay also, although in a different area than the one I work. I know all too well the issues with both.
I have always promoted learning and the good sides of our little hobby. There are enough people talking about the bad sides.
Some of the oldest recommendations, ie: Buy the book, Buy the coin, still hold true.
The internet has provided many good areas of learning, both through forums and general areas of education. I have been working with a few people to bring more specific areas of education to a central website.
 
If more dealers and collectors would focus on the educational end of the hobby, we would all benefit.
My best clients are the most educated. Not only in forms of sale numbers, but in the type of material collected.


Edited by Calnumismatist - 10 Jun 2008 at 4:29am
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just carl View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote just carl Quote  Post ReplyReply Direct Link To This Post Posted: 13 Jun 2008 at 1:19am
kingofcoins: It still takes gas, car insurance, around me a licence plate and local city sticker just to go to a post office. And to sell stuff via the mail you need envelopes, etc and they too must be purchased somewhere.
All coin stores and dealers at coin shows have return policies around me. Most are reputable and in buisness way to long not to have that.
As to your statement in the PS. Nonsence. I have seven computers routed through fire walls and virus control systems. This computer for the internet has nothing on it except what is presently being typed. No access to any other information, no access to any of the other computers by anyone and I've had some great computer people try, no success. No personal information is on any computer that is accessable to the internet or even other family members. You should really look into some computer safety processes. The Engineering corporation I occationally work for  deals in Nuclear Energy and you couldn't get near their computers for anything through the internet.
Anyway as to Calnumismatist. You could at least recommend people looking at ebay to see what they should not be doing. It is a great place for a price check though. Regardless, you can never beat the prices and adventure and leaning experience at a coin show.
just carl
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Post Options Post Options   Thanks (0) Thanks(0)   Quote lea.the.pro Quote  Post ReplyReply Direct Link To This Post Posted: 16 Jun 2008 at 9:29pm
Hello, I am also a collector. You must be very careful when you buy in e-bay. People could not be as honest. My father, also a coin collector was scammed once. He was then a newbie to coin collecting and do not know much of the "signs" to look for whether a coin is fake or not. I also have a friend who purchased supposedly 2 centuries old coins, only to find out they were just reproductions. As for me I always check the coin's quality. You can check out this site to know about the differences of original versus fake ones:

http://www.silver-coins.org/ 
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Post Options Post Options   Thanks (0) Thanks(0)   Quote kingofcoins Quote  Post ReplyReply Direct Link To This Post Posted: 19 Jun 2008 at 5:17am
I just think it isn't just ebay. People don't have to be honest anywhere. I don't think that the people scamming on ebay are perfect angels throughout the day, but once on ebay become small time crooks. They are who they are. If you want to buy on ebay just make sure the seller allows returns, and clearly expresses how they work. No picture on the internet is going to do justice to an in person viewing. Look at the coin, not just in plain view, but use a minimum 4x viewer. Get under nice light, and examine everything. If you want it then keep it. If you don't, pay for return shipping (in some cases the dealer covers this for you) and send it back. If the dealer is fair this shouldn't anger them at all.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote kingofcoins Quote  Post ReplyReply Direct Link To This Post Posted: 19 Jun 2008 at 5:18am
Ohh, by the way. I went to www.silver-coins.org
good site.
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