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Buying coins on Ebay = cross your fingers?
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<p>[QUOTE="Ed Zak, post: 14042, member: 824"]My rule for buying/bidding coins on ebay is:</p><p><br /></p><p>1.) Never buy from a seller with less than 99% postive rating. Read the feedbacks, especially those that are negative. If you see a trend, move on to another seller. Sooner of later you will find reputible sellers on ebay.</p><p><br /></p><p>2.) Subtract 2 to 4 grading point for raw coins. For instance, if some thing is advertised MS66 Red, I bid no higher than MS64RD. AU means EF and EF means VF to me...just from my experience.</p><p><br /></p><p>3.) I like to buy slabs and those slabs I buy, I will break them out for my own raw, 2x2 penny collection. For instance, I have found some nice deals on PCI or SEGS graded coins whereby I bid,less 2 grading points, and sometimes got a deal. I broke them out and I am happy with my purchase...especially when I get a early red mint state!</p><p><br /></p><p>4.) Check the return policy as well as S&H. Will the seller combine same day multi-purchases? I can't stand sellers that ship as one, but charge 2X for the S&H. Ask the seller before payment. I offer S&H discounts if I can ship in one package.</p><p><br /></p><p>5.) Do a search for the coin you want with the grading compnay in the search (i.e., PCGS, NGC, ANACS, ICG) and again, you may find some deals...though PCGS slabs are going through the roof. The same coin, the same grade can be found in NGC, ANACS at much lower costs...for now.</p><p><br /></p><p>6.) Watch out for phoney coin "slabbers" like sellers that have their own certified slabs. For instance, SGS Coin grading sells their coins through Aboncom. 99.99% of their slabs are all MS70 and PR70. Think you are getting a deal from an authorized dealer/grader...NOT! But it looks good and this is how many newbies get suckered.</p><p><br /></p><p>Last but not least, have some fun![/QUOTE]</p><p><br /></p>
[QUOTE="Ed Zak, post: 14042, member: 824"]My rule for buying/bidding coins on ebay is: 1.) Never buy from a seller with less than 99% postive rating. Read the feedbacks, especially those that are negative. If you see a trend, move on to another seller. Sooner of later you will find reputible sellers on ebay. 2.) Subtract 2 to 4 grading point for raw coins. For instance, if some thing is advertised MS66 Red, I bid no higher than MS64RD. AU means EF and EF means VF to me...just from my experience. 3.) I like to buy slabs and those slabs I buy, I will break them out for my own raw, 2x2 penny collection. For instance, I have found some nice deals on PCI or SEGS graded coins whereby I bid,less 2 grading points, and sometimes got a deal. I broke them out and I am happy with my purchase...especially when I get a early red mint state! 4.) Check the return policy as well as S&H. Will the seller combine same day multi-purchases? I can't stand sellers that ship as one, but charge 2X for the S&H. Ask the seller before payment. I offer S&H discounts if I can ship in one package. 5.) Do a search for the coin you want with the grading compnay in the search (i.e., PCGS, NGC, ANACS, ICG) and again, you may find some deals...though PCGS slabs are going through the roof. The same coin, the same grade can be found in NGC, ANACS at much lower costs...for now. 6.) Watch out for phoney coin "slabbers" like sellers that have their own certified slabs. For instance, SGS Coin grading sells their coins through Aboncom. 99.99% of their slabs are all MS70 and PR70. Think you are getting a deal from an authorized dealer/grader...NOT! But it looks good and this is how many newbies get suckered. Last but not least, have some fun![/QUOTE]
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Buying coins on Ebay = cross your fingers?
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