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newbie, is teleatrade good place to buy?
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<p>[QUOTE="RedTiger, post: 618035, member: 19098"]The answer may depend on what kind of coins a person is interested in. Overall, I would not recommend Teletrade for novice collectors as a good place to buy. There are often hidden reserves and house owned coins (coins owned by Teletrade). The fees, shipping and taxes can also be high. There is a return privilege, but it is not cheap. After paying for shipping both ways, a return can cost a significant percentage (like 15% to 20% on a $250 coin).</p><p><br /></p><p>That said, there are some kinds of coins, such as top pop moderns, and ultra moderns, which tend to be much more commonly available on Teletrade than anywhere else.</p><p><br /></p><p>I used to buy on Teletrade, many moons ago. When they raised their fees, my buying slowed. After they started charging tax in California, my bids were for the most part are no longer competitive, and I haven't bought anything since and rarely bid.[/QUOTE]</p><p><br /></p>
[QUOTE="RedTiger, post: 618035, member: 19098"]The answer may depend on what kind of coins a person is interested in. Overall, I would not recommend Teletrade for novice collectors as a good place to buy. There are often hidden reserves and house owned coins (coins owned by Teletrade). The fees, shipping and taxes can also be high. There is a return privilege, but it is not cheap. After paying for shipping both ways, a return can cost a significant percentage (like 15% to 20% on a $250 coin). That said, there are some kinds of coins, such as top pop moderns, and ultra moderns, which tend to be much more commonly available on Teletrade than anywhere else. I used to buy on Teletrade, many moons ago. When they raised their fees, my buying slowed. After they started charging tax in California, my bids were for the most part are no longer competitive, and I haven't bought anything since and rarely bid.[/QUOTE]
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