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<p>[QUOTE=&quot;satootoko, post: 7810, member: 669&quot;]EBay is an interesting place.&nbsp; For the unwary it is a swamp, with many, many fakes being pushed as genuine.</p><p><br /></p><p>As an example of when it&#039;s working at it&#039;s best, suppose a particular coin would sell to a typical dealer for $100, and would be sold by that dealer for $150 - then if an EBay transaction closes at $125 both parties are ahead.</p><p><br /></p><p>Occaisonally you run across a seller who doesn&#039;t know what he has.&nbsp; There is an item on EBay right now that catalogs at $650, and had a start price of 99¢.&nbsp; I&#039;m convinced that the item is genuine.&nbsp; The listing is three days old and the price is all the way up to $11!&nbsp; If it hasn&#039;t gone above that point by a few minutes before closing, I&#039;ll be sniping a bid of $330, and may wind up stealing it.&nbsp; In that case the buyer will be ahead and the seller will not!</p><p><br /></p><p>Then there are the &quot;estate&quot; listings with the standard disclaimer &quot;I don&#039;t know anything about coins and I&#039;m listing this for the widow of a friend of mine who was a collector.&quot;&nbsp; The coin(s) are misdescribed and frequently counterfeit, or in AG3 condition, with outrageous shipping/handling charges.&nbsp; In those cases the seller will be way ahead if he catches a sucker, and the buyer is a victim.</p><p><br /></p><p>I know a few dealers who sell extensively on EBay, and do very well at it without cheating their buyers, but I am aware of far more phonies.</p><p><br /></p><p>Bottom line - EBay is a resource that needs to be used with caution, but does have significant upside potential for the knowledgeable buyer/seller.</p><p><br /></p><p>PS - It can be a great place to find inexpensive missing dates in a foreign series that are hard to find in the cases of dealers since they usually concentrate on US coins.[/QUOTE]</p><p><br /></p>

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