My recent dealings with teletrade.

Discussion in 'Coin Chat' started by Detecto, May 15, 2012.

  1. Detecto

    Detecto VICTORIA DEI GRA BRITT REGINA FID DEF

    I was sour with teletrade quite some time because of the almost hidden buyers premium.

    A friend told me last week that on Tuesday nights, teletrade has an auction with no buyers premium.

    I placed bids on several lots.

    Now that the auction has ended, I have no way of knowing what I won.

    All I get is a note saying:
    Please check your account later to see what lots you may have won.
    Thank you for using Teletrade.



    When will I know what I won?
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  3. Detecto

    Detecto VICTORIA DEI GRA BRITT REGINA FID DEF

    Well know I know!

    Here is what I got:

    A 1941 NGC MS-61 Nickel for $5.
    [​IMG]'
    A 1981 pcgs ms65 Small cent for $6.
    [​IMG]
    A proof half dollar (my 1st proof franklin) for $23.
    [​IMG]

    A MS-64 small cent for $12.
    [​IMG]

    and a 2011-S UCAM Nickel for $6.

    [​IMG]


    The nice thing about buying at teletrade is that all of the coins are already photographed nicely!

    I noticed no charge for S&H..is this normal for the tuesday auction?
  4. Kirkuleez

    Kirkuleez 80 proof

    I think you did great, some real nice pickups. You should know that nearly every auction adds the juice (buyers premium). How were you bidding? How could you not know what you were buying or if you won? Its been a while since I bought anything from teletrade, but I don't remember waiting to see what I won.
  5. BooksB4Coins

    BooksB4Coins Newbieus Sempiterna


    Drop the "almost hidden buyer's premium" nonsense. If I remember correctly, its right there under your bid in bold letters and is never hidden.

    Did you ever pay up last time? If not, they never should have allowed you back.

    Your "recent dealings" posted a whole five minutes after ending... :thumb:

    As long as you're happy.
  6. dannic113

    dannic113 Member

    I've heard of but never actually used teletrade. Educate me on this; am I not reading their site right? Under normal auction conditions basically any day except special Tues. for that $6 2011 nickel above a buyer will pay $6 for the coin + $5 minimum premium (or 8% buyers premium if bidding brings higher prices) + almost $6 in shipping/handling. So that $6 2011 proof nickel would have just cost $17???? Even with ebay's shenanagans and high fees I've never heard of paying $17 on a single modern coin. Dang give me $10.25 a coin (9.25 starting with coin 4 up to 8 total) and I'll ship ya slabbed modern's for free until I run out and it wouldn't be $17 for one coin. Yikes if the above is the way I'm understanding it the buyer's premium does hurt ya alot on inexpensive moderns. It's not hidden but it drives prices up a bit. I can see why you wait until that $5 BP is out of the way. Nice coins by the way and that's what matters most of all.
  7. Detecto: Congrats on your wins. It takes Teletrade about 15-45 minutes after the auction ends to finalize all bids. Not sure why you got free shipping (as that is not typically the case), but glad to hear you did. TC
  8. bkozak33

    bkozak33 Collector Supporter

    i got free shipping my first 8 or 9 auctions, now they are charging me. i cant expolain it
  9. BUncirculated

    BUncirculated Well-Known Member

    It might have been part of an introductory offer for creating a new account with them.

    I received an intro offer from Heritage for no BP on my first purchase from one of their auctions.
  10. tonedcoins

    tonedcoins New Member

    Very nice... I like the coins and the prices you got them for. Great modern coins to break out and put in Danscos (for me at least). Congratulations.
  11. Owle

    Owle Junior Member

    Those coins were really cheap, it makes you wonder how the auction companies are able to make money and pay their salaries...
  12. Lehigh96

    Lehigh96 Toning Enthusiast

    That coin is ultra rare! There are only two 1941 Jefferson Nickels graded MS61 and none graded MS62. :devil:
  13. green18

    green18 Sweet on Commemorative Coins Supporter

    Very true, but sometimes you can find out sooner if you go into your 'account setting' and click on the 'invoices of lots won' and entering the auction number. I've found out (won) in as little as five minutes after the auction has closed......
  14. rickmp

    rickmp USDA PRIME Supporter

    That's it! Make Detecto think he won the lottery.
  15. bhaugh

    bhaugh AKA - 1872Hokie

    I'm sure that there are enough people that overpay that a couple of listings that skate by undervalued won't hurt them.
  16. bhaugh

    bhaugh AKA - 1872Hokie

    Only two you say... wonder if his is the Top Pop. :rollling:
  17. 19Lyds

    19Lyds Member of the United States of Confusion

    No. You're not reading the site right.

    It's a 15% Buyers fee or a minimum of $8.00 so that nickel would have cost $14 + any shipping + any Sales Tax.
  18. rickmp

    rickmp USDA PRIME Supporter

    [TABLE="width: 804"]
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    [TD]Year/Mint[/TD]
    [TD]Den[/TD]
    [TD]Variety[/TD]
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    [TD]60[/TD]
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    [TD="class: dxgv, bgcolor: #E0E0E0"]5C[/TD]
    [TD="class: dxgv, bgcolor: #E0E0E0"] [/TD]
    [TD="class: dxgv, bgcolor: #E0E0E0"]MS[/TD]
    [TD="class: dxgv, bgcolor: #E0E0E0"][​IMG][/TD]
    [TD="class: dxgv, bgcolor: #E0E0E0, align: right"]430[/TD]
    [TD="class: dxgv, bgcolor: #E0E0E0, align: right"] [/TD]
    [TD="class: dxgv, bgcolor: #E0E0E0, align: right"]2[/TD]
    [TD="class: dxgv, bgcolor: #E0E0E0, align: right"] [/TD]
    [TD="class: dxgv, bgcolor: #E0E0E0, align: right"]5[/TD]
    [TD="class: dxgv, bgcolor: #E0E0E0, align: right"]19[/TD]
    [TD="class: dxgv, bgcolor: #E0E0E0, align: right"]66[/TD]
    [TD="class: dxgv, bgcolor: #E0E0E0, align: right"]132[/TD]
    [TD="class: dxgv, bgcolor: #E0E0E0, align: right"]201[/TD]
    [TD="class: dxgv, bgcolor: #E0E0E0, align: right"]2[/TD]
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    [TD="class: firstCell dxgv, bgcolor: #F0F0F0"]1941[/TD]
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    [TD="class: dxgv, bgcolor: #F0F0F0"] [/TD]
    [TD="class: dxgv, bgcolor: #F0F0F0"]MS5FS[/TD]
    [TD="class: dxgv, bgcolor: #F0F0F0"][​IMG][/TD]
    [TD="class: dxgv, bgcolor: #F0F0F0, align: right"]105[/TD]
    [TD="class: dxgv, bgcolor: #F0F0F0, align: right"] [/TD]
    [TD="class: dxgv, bgcolor: #F0F0F0, align: right"] [/TD]
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    [TD="class: dxgv, bgcolor: #F0F0F0, align: right"] [/TD]
    [TD="class: dxgv, bgcolor: #F0F0F0, align: right"]7[/TD]
    [TD="class: dxgv, bgcolor: #F0F0F0, align: right"]24[/TD]
    [TD="class: dxgv, bgcolor: #F0F0F0, align: right"]62[/TD]
    [TD="class: dxgv, bgcolor: #F0F0F0, align: right"]12[/TD]
    [TD="class: dxgv, bgcolor: #F0F0F0, align: right"] [/TD]
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    [/TR]
    [/TABLE]
  19. Detecto

    Detecto VICTORIA DEI GRA BRITT REGINA FID DEF

  20. rickmp

    rickmp USDA PRIME Supporter

    1941 5C MS[TABLE="class: ScoreTable, width: 1"]
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    GVGFVF4045505355586061626364656667686970[/TR]
    [TR="class: ScoreTable_row"]
    [TD="bgcolor: #E0E0E0"]Base[/TD]
    [TD="bgcolor: #E0E0E0"]$[/TD]
    [TD="bgcolor: #E0E0E0"]0.06[/TD]
    [TD="bgcolor: #E0E0E0"]0.07[/TD]
    [TD="bgcolor: #E0E0E0"]0.08[/TD]
    [TD="bgcolor: #E0E0E0"]0.14[/TD]
    [TD="bgcolor: #E0E0E0"]0.30[/TD]
    [TD="bgcolor: #E0E0E0"]0.30[/TD]
    [TD="bgcolor: #E0E0E0"]0.48[/TD]
    [TD="bgcolor: #E0E0E0"]0.60[/TD]
    [TD="bgcolor: #E0E0E0"]0.72[/TD]
    [TD="bgcolor: #E0E0E0"]0.90[/TD]
    [TD="bgcolor: #E0E0E0"]1.20[/TD]
    [TD="bgcolor: #E0E0E0"]1.44[/TD]
    [TD="bgcolor: #E0E0E0"]2.40[/TD]
    [TD="bgcolor: #E0E0E0"]3.90[/TD]
    [TD="bgcolor: #E0E0E0"]7.80[/TD]
    [TD="bgcolor: #E0E0E0"]13.75[/TD]
    [TD="bgcolor: #E0E0E0"]31.25[/TD]
    [TD="bgcolor: #E0E0E0"]75.40[/TD]
    [TD="bgcolor: #E0E0E0"]2500[/TD]
    [TD="bgcolor: #E0E0E0"]-[/TD]
    [TD="bgcolor: #E0E0E0"]-[/TD]
    [/TR]
    [TR="class: ScoreTable_Altrow"]
    [TD="bgcolor: #F0F0F0"][​IMG][/TD]
    [TD="bgcolor: #F0F0F0"]$[/TD]
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    [TD="bgcolor: #F0F0F0"][/TD]
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    [TD="bgcolor: #F0F0F0"]-[/TD]
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    [TD="bgcolor: #F0F0F0"]-[/TD]
    [TD="bgcolor: #F0F0F0"]-[/TD]
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    1941 5C MS Six Full Steps
    [TABLE="class: ScoreTable, width: 1"]
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    GVGFVF4045505355586061626364656667686970[/TR]
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    [TD="bgcolor: #E0E0E0"]Base[/TD]
    [TD="bgcolor: #E0E0E0"]$[/TD]
    [TD="bgcolor: #E0E0E0"]-[/TD]
    [TD="bgcolor: #E0E0E0"]-[/TD]
    [TD="bgcolor: #E0E0E0"]-[/TD]
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    [TD="bgcolor: #E0E0E0"]-[/TD]
    [TD="bgcolor: #E0E0E0"]-[/TD]
    [TD="bgcolor: #E0E0E0"]28.80[/TD]
    [TD="bgcolor: #E0E0E0"]47.50[/TD]
    [TD="bgcolor: #E0E0E0"]175[/TD]
    [TD="bgcolor: #E0E0E0"]910[/TD]
    [TD="bgcolor: #E0E0E0"]-[/TD]
    [TD="bgcolor: #E0E0E0"]-[/TD]
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    [/TR]
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    [TD="bgcolor: #F0F0F0"][​IMG][/TD]
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  21. 19Lyds

    19Lyds Member of the United States of Confusion

    My my my. How attitudes change once you understand how they actually work.

    As for the Shipping and Handling? S&H is always charged regardless of Auction unless Teletrade specifically states it's a No Shipping & Handling Auction. Sales Tax is always charged for California Residents and any other state where Teletrade might have a business office.

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