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<p>[QUOTE=&quot;tradernick, post: 7859, member: 648&quot;]Thank you ND.&nbsp; </p><p>&#039;Tis true we ship about 100 packages weekly and much of it is ebay sales.&nbsp; I&#039;ve found that ebay is a good supplement to store sales and show sales.&nbsp; Some dealers consider ebay a dumping ground for low end stuff that won&#039;t sell in the shop, others say it&#039;s a great market for high end material due to the huge number of buyers that visit the site daily.</p><p>I think it&#039;s both.&nbsp; Nowhere but ebay can you find auctions for a holed v-nickel, 20 acres in Texas, and a new Lear jet that end a few minutes apart.</p><p>I sell some stuff on ebay that is slow moving in the shop and I also sell higher value stuff that my local collectors aren&#039;t interested in.&nbsp; </p><p><br /></p><p>For the seasoned collector/dealer, ebay can be a great source of material.&nbsp; It takes some time looking through a lot of auctions, similiar to poking through a dealers junk box.&nbsp; I&#039;ve always said knowledge is power and nothing proves that more than ebay.&nbsp; When I first started on ebay I&#039;d occasionally find a bargain...either listed too low, perhaps in wrong category, or poor description and poor or no photo.&nbsp; It&#039;s very possible to buy something like this then list it properly and enjoy a profit!&nbsp; Happens all the time.</p><p>I&#039;ve also found that ebay is a good way to move non-numismatic material that I might not otherwise buy if my only outlet was the shop.</p><p>I&#039;m always looking for other interesting, collectible or antique items that are small and easy to ship.</p><p><br /></p><p>Ebay can also be a very dangerous place.&nbsp; Horror stories abound.&nbsp; But like any other transaction you have to assess the seller.&nbsp; Would you buy a watch from a guy on the street that was acting suspicious?&nbsp; </p><p>Be aware of the things that should make an auction suspicious....</p><p><br /></p><p>1.&nbsp; Private feedback, or low feedback or a low % of feedback.&nbsp; Examine feedback closely.&nbsp; Is the feedback from selling to others?&nbsp; Did the seller have great feedback until very recently?&nbsp; That should set off warning bells.&nbsp; Account hijacking is a real threat that happens far too often.</p><p><br /></p><p>2.&nbsp; Is it a private auction?&nbsp; Stay away!&nbsp; Many scammers will keep buyers id&#039;s private so they can&#039;t be warned by other people that they&#039;re bidding on a fake.</p><p><br /></p><p>3.&nbsp; Does the seller say something like &quot;I&#039;m not an expert with coins&quot; yet they have lots of other coins listed?&nbsp; </p><p><br /></p><p>4.&nbsp; Is the picture fuzzy?&nbsp; The description vague?</p><p><br /></p><p>5.&nbsp; Is the person an actual coin dealer with a retail shop?&nbsp; I tend to put more faith in someone selling something if that&#039;s their actual career.</p><p><br /></p><p>A good rule of thumb is this.&nbsp; If you decide to bid in an auction that has some of these Red Flags, or with an unknown seller, don&#039;t bid any more than you&#039;re willing to lose.</p><p>Buying on ebay is risky, for sure.&nbsp; But carefully calculate the risk each time you place a bid.&nbsp; If you&#039;re careful and use some common sense you will usually have an enjoyable ebay experience.</p><p><br /></p><p>Nick[/QUOTE]</p><p><br /></p>

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