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More Bidding Basics: Buy It Now & Make Offer “Deals”

March 18, 2017 in Auctions, Coin Grading, Coins, Coins for sale, Collecting, E-commerce, Ebay, Education, Grading, News, Numismatica, Numismatics, Opinion, Rare Coins, USA Coins, World Coins

By: Michael Bugeja News.CoinUpdate.com (Coin Update News)

Every now and then we need to monitor the major online coin portals in our “Bidding Basics” series—this time, concerning “Buy It Now” and “Make Offer” deals on Proxibid and eBay.

Some general rules:

  • Never bid on raw coins unless you are an expert grader, trust the seller, can view excellent photos, and can return the coin if unsatisfied.
  • Never bid on coins in bottom-tier slabs unless you spot a mistake like a rare error or variation that isn’t listed on the label.
  • Consider not wasting time on “Buy It Now” offers unless you need the coin or currency for your collection… Full article at the source>

Source: News.CoinUpdate.com (Coin Update News)

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Dipped: Know the Tell-Tale Signs

February 28, 2017 in Antique Coins, Coins, Coins for sale, Collecting, Copper, Copper Coins, E-commerce, Ebay, Education, Morgan Silver Dollars, News, Numismatica, Numismatics, Opinion, Pennies, Rare Coins, Silver Coins, USA Coins

By: Michael Bugeja News.CoinUpdate.com (Coin Update News)

Increasingly on Proxibid, HiBid, and eBay, I am encountering dipped coins, making me wary about placing any bids, even on Morgan dollars like this 1902 one depicted above. That’s not how a 115-year-old silver coin is supposed to look, unless it was broken out of a bank roll, in which case the seller would have offered more than one in this condition.

This coin was expertly dipped, meaning it still may slab at PCGS or NGC.

You can buy dips at coin shops, at shows, and online. Each dealer or expert hobbyist has his or her formula, usually diluted with… Full article at the source>

Source: News.CoinUpdate.com (Coin Update News)

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The Volatile State of Online Estate Auctions

January 9, 2017 in Auctions, Coins, Collecting, E-commerce, Ebay, Education, Investing, News, Numismatica, Numismatics, Opinion, Rare Coins, Technology, USA Coins

By: Michael Bugeja News.CoinUpdate.com (Coin Update News)

payment

For the past seven years I have bought and sold coins almost exclusively via the Internet, preferring estate auctions on Proxibid over other venues. I even created a blog, no longer active, called Proxiblog.org, to monitor the company. I still prefer Proxibid over other portals, even eBay—too much competition there, too little oversight, and too few actual auctioneers.

But even auction portals like Proxibid may be falling behind technological trends, and that can spell dire consequences for the hobby.

Before 2011, I bought coins almost exclusively from dealers and coin shows. When I started bidding on Proxibid, I discovered that I could… Full article at the source>

Source: News.CoinUpdate.com (Coin Update News)

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The Domino Effect of No-Pay Bidders

October 21, 2016 in Coins, Coins for sale, Collecting, E-commerce, Ebay, Education, News, Numismatica, Numismatics, Online Tools, Opinion, USA Coins, World Coins

By: Michael Bugeja News.CoinUpdate.com (Coin Update News)

call-of-duty-black-ops-ii-multiplayer

Online bidders who think coin auctions are a kind of video game do damage, not only to their own credit (if they even have or care about credit) but to portals, auctioneers, consignors and buyers who lost out on bids or who will pay ever-higher premiums when they do win coins.

I used to sell on eBay and had to follow up on no- and slow-pay buyers, often leading to uncivil messages that made me stop doing business on that portal, content to consign to popular auctioneers and pay 10-15% seller fees in addition to more fees for photos and listings…. Full article at the source>

Source: News.CoinUpdate.com (Coin Update News)

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Introducing Collectors.com

September 7, 2015 in Art, Auctions, Coins, Coins for sale, Collecting, E-commerce, Ebay, Education, Entertainment, Fun, Investing, News, Numismatica, Numismatics, Online Tools, USA Coins, World Coins

 

By: Collectors.com

Originally published on Aug 27, 2015

Visit www.collectors.com to find collectibles.

The fastest and easiest way to find the collectibles you need for your collection is Collectors.com. Search results for coins, trading cards, currency, stamps and autographs from across the internet in a single dashboard. Collectors.com is so simple to use it will become the first place you go to collect.

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Proxibid Adopts Bidder-Friendly Coin Listing Rules

September 2, 2015 in Certified Acceptance Corporation (CAC), Coins, Coins for sale, Collecting, Ebay, Education, Fake Coins, Fun, Grading, News, Numismatic Crimes, Numismatica, Numismatics, Online Tools, Opinion, PCGS (Professional Coin Grading Service), Rare Coins, USA Coins, World Coins

By: Michael Bugeja News.CoinUpdate.com (Coin Update News)

proxibid

I’ve been writing about self-slabbed and hyped coins for more than five years on Coin Update News, not only because of the inherent dishonesty of auctioneers calling a silver-melt Morgan MS67, but also because of concerns about the hobby.

One bad transaction in which a significant sum is lost, based on misleading or even fraudulent information, and the buyer will typically cease collecting coins.

In a 2010 Coin Update News article, I noted that eBay (but not Proxibid) had changed its coins and currency rules to exclude grades and values from titles, item specifics, and descriptions for any lot not… Full article at the source>

Source: News.CoinUpdate.com (Coin Update News)

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Grading Raw Coins Online: A New Perspective

July 20, 2015 in Antique Coins, Auctions, Coins, Coins for sale, Collecting, Dollar Coins, E-commerce, Ebay, Education, Ethics, Investing, News, Numismatica, Numismatics, Photography, Rare Coins, Silver, Silver Coins, USA Coins

By: Michael Bugeja News.CoinUpdate.com (Coin Update News)

trick_slant

In “Silver Dollars & Trade Dollars of the United States: A Complete Encyclopedia,” Q. David Bowers writes that the 1897-O Morgan dollar is rare at the MS63 grade, with only 400 to 800 surviving examples. In MS-64, he writes, only 80 to 150 exist and in MS-65, about 50 to 100. I decided to take a chance in a Proxibid online auction where I had been buying most of my raw coins, paying $276 for the above one with buyer’s premium.

In MS62, the 1897-O retails at $2,600 with about double that amount for an MS63. At MS64,… Full article at the source>

Source: News.CoinUpdate.com (Coin Update News)

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How to Safely Buy Gold Coins on eBay

July 5, 2015 in Antique Coins, Auctions, Coins, Coins for sale, Collecting, E-commerce, Ebay, Education, Ethics, Fake Coins, Gold, Gold Coins, Numismatica, Numismatics, Precious Metals, Rare Coins, Silver, Silver Coins, USA Coins, World Coins

By: The Silver Dollar Scoop (Silver Dollar Co)

With the price of gold at a five-year low, gold coins have become a very attractive investment opportunity for many collectors. Any coin shop or bullion shop will have a selection of gold, but most of their coins will be priced at a substantial premium over the precious metal melt value. For the absolute lowest prices on gold and silver coins, a collector’s best bet is eBay.

To the uninitiated, eBay can be a scary place. Counterfeit coins are a very large and real risk, especially when it comes to high value gold. An inexperienced shopper can easily… Full article at the source>

Source: Coin Collecting Alltop.com

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New Book Offers Advice for Online Coin Auctions

July 18, 2014 in Auctions, Books, Coins, E-commerce, Ebay, Education, News, Numismatica, Numismatics

July 18, 2014. By Coin Update (http://news.coinupdate.com/)

Numismatic writer Michael Bugeja has assembled a new, updated work–Online Coin Auctioneering–intended for estate auctioneers considering or already selling on a portal such as AuctionZip, iCollector or Proxibid. The advice in this new work also pertains to eBay and coin dealer auctions.

Bugeja writes that all online coin auctions, from the largest to the littlest, have these things in common:

Full article at the source>

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Bitcoin Set to Overtake eBay’s PayPal in Transaction Volumes

May 26, 2014 in Bitcoin, Currency, Digital Currency, E-commerce, Ebay, Investing, News, Virtual currency

By: Jerin Mathew. May 24th, 2014 (http://www.ibtimes.co.uk/) (international Business Times)

Bitcoin

Bitcoin

Popular digital currency bitcoin is expected to overtake e-commerce giant eBay’s payment processor PayPal in terms of US dollar transactions in the near future.

California-based hedge fund Laureate Trust says that bitcoin is fast establishing itself as the currency to use globally and instantly to make purchases or payments over the internet recording nearly $300m (£178m, €220m) daily in transactions.

“Whenever you have an instrument that trades over 300 million US dollars a day, it must be recognized,” Peter Tasca, CEO of Laureate Trust, said in a statement.

“The digital currency works, Bitcoin has greater volume transactions than Western Union and we anticipate it will overtake PayPal later this year.”

PayPal processes payments totalling $315.3m every day, according to Statistic Brain.

“In the next one or two years, Bitcoin can surpass the dollar transaction volumes of other established payment companies including Discover, and even American Express, MasterCard, and Visa,” said SmartMetric CEO Chaya Hendrick.

Bitcoin was launched in 2008 and is traded within a global network of computers. They can be transferred without going through banks or clearing houses, reducing fees involved in the services significantly.

Full article at the source>

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How to Value a Coin Collection

March 28, 2014 in Antique Coins, Coin Grading, Coins, Collecting, Ebay, Education, Grading, Numismatica, Numismatics, Silver Coins, USA Coins

By: Rob Berger (http://www.doughroller.net/)

I recently started collecting coins. I only have a handful right now: mainly Morgan silver dollars. I tend to just pay $40 or $50 for a nice coin, and I don’t have a particularly valuable collection. I just enjoy collecting them.

One of my coins is a Morgan silver dollar from 1878. It’s an S mint – from San Francisco – and it’s fairly high grade. This coin is 140 years old. I can just imagine the stories this coin could tell if it could talk. That’s why I enjoy coin collecting. The history behind coins and currency is just amazing.

I don’t view my coins or currency or an investment because they don’t have any way to generate income. They’re just fun. It’s possible that I could hold a $50 coin long enough to sell it for $75 to make a bit of money, but it all hinges on what people are willing to pay for it. And that’s what we’re going to talk about today.

Full article at the source>

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The eBay PCGS Coin Catalog Is Coming Soon: How It Will Benefit Sellers And Buyers

August 13, 2013 in Auctions, Coin Grading, Coins, Collecting, Ebay, News, Press Releases

– August 12, 2013 (http://www.pcgs.com)

Professional Coin Grading Service (www.PCGS.com) is teaming with one of the world’s largest online marketplaces, eBay (www.ebay.com), to expand the eBay U.S. and Canada Coins Catalog feature to benefit sellers and buyers. When the new catalog from PCGS goes online this fall it will immediately grow from the current 8,500 products to more than 41,000.

The renewed U.S. and Canada coins catalog will allow for more detailed descriptions of specific coin attributes, as well as further differentiation for the collecting community. These detailed descriptions, item specifics and high resolution images in the catalog will allow novice and experienced sellers alike to more accurately identify the coin they are selling on eBay.

“We are providing eBay with expanded structured data that will essentially quadruple the number of products in the eBay category and improve the standardization of listing information across the category,” said Don Willis, President of PCGS, a division of Collectors Universe, Inc. (NASDAQ: CLCT).

“Listing with the new eBay-PCGS catalog will be a fast and easy way to create professional, detailed listings and make it easier for buyers to find exactly what they are looking for. Sellers will benefit from detailed product descriptions and the high-quality imagery available in the eBay catalog,” said Willis.

The change in catalog provider is expected to occur online in September and detailed information will be available before then for sellers who want to participate.

Full article at source>

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Ebay to Use Third Party Grading Service to Power Coin Catalog

July 26, 2013 in Auctions, Coins, Collecting, Ebay, News

By Ina Steiner July 24, 2013 (EcommerceBytes.com )

Ebay will begin using Professional Coins Grading Service (PCGS), a division of Collectors Universe, to power its U.S. Coin catalog. Steve Sloan, Director of Marketing for Collectors Universe, said the change would quadruple the number of listings available in the new Ebay catalog in September, when the change rolls out on the site.

Full article at source>

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How to Start a Coin Collection

June 11, 2013 in Coins, Collecting, Ebay, Education, Gold, Gold Bullion, Gold Coins, Numismatica, Numismatics, Precious Metals, Silver, Silver Coins, USA Coins

By: Charlie (http://www.threethriftyguys.com)

About seven years ago I started collecting rare coins after reading Robert Kiyosaki’s recommendation to buy silver. Without knowing where to start at, I decided to buy coins that I saw my dad collect while he was growing up.

During my youth, my dad always had this old black vinyl box with red satin lining that he kept all his old coins, wedding rings, and other valuable trinkets (it always had a distinct musty smell in it too). Every so often I’d sift through his coins, not really knowing what I was looking, but admiring the heavy silver coins he collected. Primarily, he collected Morgan Dollars (1878-1921) and a few of the Peace Silver Dollars (1921-1935).

Full article at source>

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How to Buy Gold Coins on Ebay – Some Tips

February 24, 2013 in Coins, Collecting, Ebay, Gold, Gold Coins, Investing, Silver, Silver Coins

by Franky in Investment Strategies (http://plainfront.com)

Are you looking to invest in gold to add some security to your financial future? Or maybe you are just interested in collecting coins and are looking for some great deals?

If so, then Ebay is a great place to buy gold coins, as you can find some real bargains. Once you check it out, then you will never be left wondering where to buy gold coins ever again!

Although you can get some great prices on ebay, don’t expect massive discounts. Looking for gold coins which are half price is just not going to happen, no matter how hard you search. Maybe in the early days when Ebay was first getting started, but nowadays you are competing with many other gold coin buyers just like yourself.

More realistic is to expect to save around 5-10% on what you can find elsewhere, which means you can still make some terrific savings.

In order to make these savings, you need to know what to look for, so you can avoid being ripped off from dodgy sellers. Although Ebay has a great reputation, there are still a few sellers that spoil it for everybody else, so you need to be able to spot them.

Full Article>

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Get your Gold and Silver coins on Ebay

December 13, 2012 in Coins, Ebay, Gold, Gold Coins, Silver, Silver Coins, USA Coins, World Coins

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eBay Now Sells Millions In Gold And Silver Through New Investing Platform

December 13, 2012 in Coins, Ebay, Gold, Gold Coins, Platinum Coins, Precious Metals, Silver, Silver Coins, USA Coins, World Coins

Abram Brown, Forbes Staff (http://www/forbes.com)

Forget used textbooks or vintage records. The hottest items for sale on eBay today will put a truer sparkle in your eye: You may now, with a large measure of safety and security, buy physical gold and silver, as well as platinum and palladium.

Through a new partnership with APMEX, a metals dealer, eBay allows you to buy as much as you’d like, in $10,000 increments.

Full Article>

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