To buy on Ebay or not?

I am new to coin collecting and have been buying my coins mostly on EBay. Every one that I have purchased have been graded. What about non-graded coins?? Yes or No?

 

Log in or Sign up to hide this ad.

sure, why wouldn't you buy a coin if you like it?

 

It would be the disappointment of buying a fake.

 

Only if you know what you're doing, otherwise...

 

what kind of coins do you buy?

 

I am hooked on Morgan, Peace and Australian Lunar

 

Like I said, I am new to coin collecting. I decided it was time to get a hobby.

 

What kind of coins do you buy on ebay?

 

your fine. just remember these rules.
1. if its to good to be true, pass.
and
2. seller doesnt except returns, pass.
and
3. I forgot what 3 was.

 

Buyer protection does no good if your seller closes up his account, it's been done before, read about people getting hooked for 25k.

Anyhow, I would ONLY buy a $100+ coin if it's being sold by a seller with at least 200 feedback, and a return policy. If the coin is raw and more than a grand, I would only buy slabbed, IMO.

 

I have bought just about every kind.

I stay away from ungraded key date coins that appear high grade. They are usually cleaned or have some other problem un visible in photo.

 

well, I doubt any of us so far on this thread are buying 25k ungraded coins.

 

Here is an example, to good to be true?

http://www.ebay.com/itm/1921-High-R...24?pt=Coins_US_Individual&hash=item338468f278

 

It just looks like a VF 1921 peace dollar to me. whats to good to be true about it?

 

stay away from this stuff.
http://www.ebay.com/itm/Morgan-Silv...17?pt=Coins_US_Individual&hash=item46119dd145

http://www.ebay.com/itm/Dollar-Morg...81?pt=Coins_US_Individual&hash=item4ac3f64205

 

Ebays buyer protection comes from Ebay not the seller. if you can prove you got scammed, ebay will refund your money regardless if they can get ahold of the seller or not. of course if they do get ahold of the seller they will expect the seller to refund money to ebay.

thats the way they explained it to me. I bought an item that was not shipped and couldn't get ahold of the seller. its a big pain in the rear.

 

this junk stay away

http://www.ebay.com/itm/1902-O-MORG...13?pt=Coins_US_Individual&hash=item562663f66d

 

Thanks for the tip!

 

I've read a number of stories from people who didn't understand Buyer Protection.

As x115 said, Buyer Protection comes from eBay, not a particular seller. The biggest BP claim I personally have had was for a bit north of $4K, and in that one, the seller did disappear (zero communication after the auction closed). I had at least one other four-figure BP claim where the seller disappeared as soon as I contacted them about the problem. In both cases, eBay came through, no problem.

I did have one occasion where eBay called me to follow up after a large BP claim. I'm sure they have loss-prevention policies in place, and when I had a brief burst of BP claims (I was more clueless then about bogus auctions), they probably wanted to make sure I wasn't running some sort of scam on them. But, again, they always came through.