Message:

<p>[QUOTE=&quot;fusiafinch, post: 1616179, member: 18382&quot;]Teletrade must be going through some serious financial difficulties if they made such a major change to their auction site. I&#039;ve looked at the listings for this week and it reminds me of eBay. </p><p><br /></p><p>A week long auction ending on Sunday night.</p><p>This week I see most listings starting with a bid placed by the seller, and most of these are unreasonably high, surpassing the average market price by a wide margin. I have the same experience on eBay.</p><p>The big difference is that instead of the seller paying the costs, like on eBay, the buyer pays a stiff buyer&#039;s fee. </p><p><br /></p><p>I suppose Teletrade wants to make their site a &quot;high end&quot; auction site, with listings of coins that have some attribute, like rarity or eye appeal, that would sell above market prices. But the then the sellers put in an opening bid that seems too high. I&#039;ll follow the auction this week and see how many lots are actually sold.</p><p><br /></p><p>I feel a bit sad at the passing of the old Teletrade. I don&#039;t think they have much to offer me anymore with this new format, but perhaps the occasional large purchase of a select item. But we&#039;ll see how the change goes. </p><p><br /></p><p>What are other&#039;s opinion of the &quot;new&quot; Teletrade?[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in