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Exaggerated descriptions plague coin auctions

June 19, 2017 in Auctions, Coins, Coins for sale, Collecting, E-commerce, Education, Ethics, Grading, Investing, News, Numismatic Crimes, Numismatica, Numismatics, Online Tools, Opinion, USA Coins

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

I am growing weary reporting exaggerated descriptions in online coin auctions hosted by major portals, such as Proxibid and eBay. While it is difficult for those portals to monitor all lots in multitudes of auctions, it nevertheless hurts the hobby when hyped descriptions are not reported.

Here are just a few recent examples. I could provide many more, but these deal with coin rolls, raw coins, and holdered coins by eBay-approved and unapproved companies.

Let’s start with the “never opened” roll (hover cursor over images to zoom)… Full article at the source>

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

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Coin Valuation

January 14, 2017 in Blogs, Coins, Collecting, Education, Ethics, Investing, Numismatica, Numismatics, Opinion, Rare Coins, USA Coins

By: Laura Sperber Legend Numismatics Hot Topics

Coin Valuation is a very tricky subject

Valuing coins has become ever so difficult. Today, I cringe every time I see Collectors Universe Values (which are supposed to be full retail), the Gray Sheet (which thinks its retail but is pure wholesale), and auction prices (in my opinion, they are one of the few accurate sources for information-IF you understand them). So what the collecting public has to go by is a cluttered mess of pretty much inaccuracies.

I have yet to see any one entity that reports prices be fully up to date-at least for the kinds of coins I deal… Full article at the source>

Source: Legend Numismatics Hot Topics

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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)

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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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