My first Teletrade

I've been buying and selling with teletrade for a few years and am very satisfied overall. Their pictures are top notch and customer service is just a phone call away. Their fees add up but they seem to fetch pretty good prices and you can't be lowballed because they will not complete the sale if the bid is not reasonable by their standards. A sellers downside is the time it takes for payment, from the time your coins leave the post office until their check is in your hand will be a couple of months. Figure in the shipping time to them, a couple of weeks before they assign your coins to an auction and photo and describe them, time for the coin to be sent to the buyer and time for them to return it possibly and then you get paid. This is unscientific but I don't see much snipe bidding like e bay. My snipe program is not supported by teletrade and some pretty decent early bid prices hold up until auctions end.

 

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Some items on their site are reasonable, but again, why should a buyer have to pay a buyer fee? this doesn't make sense to me? So your charging the people a fee to buy from you? On a coin auction site, you should have to pay a fee to buy or sell, because the profit margin most of the time is very slim to begin with.

It angers me that all these so called "Coin Auction" sites charge all these fees just to sell or buy. This is why i started my own auction site. No Seller or Buyer fees.