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<p>[QUOTE="dougsmit, post: 2526169, member: 19463"]I spent a little time looking at eBay offerings and must say I saw very few coins I suspect of being fake. However I saw a huge number of coins priced at least ten times what they could be had for on other venues certainly including right here on Coin Talk. I do agree that the slabbed group would provide coins worth a fraction of the asking price. </p><p><br /></p><p>However I do see coins on eBay that are worth about what they are asking. How can someone with no experience separate the wheat from the chaff? The only way would be to enlist the aid of a more knowledgeable helper. That is what we suggest when we say to buy from reputable, known sources. Professional dealers really can not afford to provide hours of service to sell $20 worth of coins so you would probably be happier saving up for something a bit better. You could ask someone who lives near you to find you $20 worth of coins (perhaps two or three from their own trading stock?). The best answer would be to find a place you can shop in person. </p><p><br /></p><p>Tomorrow I will be attending a coin show in Fredericksburg VA where there will be junk boxes with many coins of all prices starting at $5-10 and nicer items well over $1000. I wish you could go with me but the chances of anyone else here living close enough to that show is small. Perhaps you can research a local show or coin store near you (if you are lucky enough to have one). If you are considering buying those unseen slabs, you might be happy with just about anything but our hobby suffers from the problem of overhead (cataloging, photography and postage) eating up the profits and desirability of filling low end collector desires.[/QUOTE]</p><p><br /></p>
[QUOTE="dougsmit, post: 2526169, member: 19463"]I spent a little time looking at eBay offerings and must say I saw very few coins I suspect of being fake. However I saw a huge number of coins priced at least ten times what they could be had for on other venues certainly including right here on Coin Talk. I do agree that the slabbed group would provide coins worth a fraction of the asking price. However I do see coins on eBay that are worth about what they are asking. How can someone with no experience separate the wheat from the chaff? The only way would be to enlist the aid of a more knowledgeable helper. That is what we suggest when we say to buy from reputable, known sources. Professional dealers really can not afford to provide hours of service to sell $20 worth of coins so you would probably be happier saving up for something a bit better. You could ask someone who lives near you to find you $20 worth of coins (perhaps two or three from their own trading stock?). The best answer would be to find a place you can shop in person. Tomorrow I will be attending a coin show in Fredericksburg VA where there will be junk boxes with many coins of all prices starting at $5-10 and nicer items well over $1000. I wish you could go with me but the chances of anyone else here living close enough to that show is small. Perhaps you can research a local show or coin store near you (if you are lucky enough to have one). If you are considering buying those unseen slabs, you might be happy with just about anything but our hobby suffers from the problem of overhead (cataloging, photography and postage) eating up the profits and desirability of filling low end collector desires.[/QUOTE]
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