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<p>[QUOTE="fusiafinch, post: 651314, member: 18382"]I buy some coins at Teletrade, and I have generally been happy with them. I only rarely return coins from them.</p><p><br /></p><p>What I like: Good customer service, they scan every coin now, and they do sell coins hard to find anywhere else. The choice of coins is good, but as with any auction, you need to really look at the scan and description. The most choice is in the Morgan dollars (no surprise). I've gotten some super stunning coins for a modest price. But I do also see problem coins or low end coins being sold, and with experience, you learn to avoid these "bargains".</p><p><br /></p><p>What I don't like: High fees, but these are predictable. Plan your bid accordingly. But the fees can be worth it if you shop for exceptional pieces and leave the dogs on the table.</p><p><br /></p><p>Best Teletrade experience: About a decade ago, I bought a rainbow toned 1923 Peace dollar from a local dealer. It was originally in a PCGS MS62 older slab. He was charging $85 for it when the going rate for those at the time was $25. I thought it was a bit high, but I got it anyway because I never saw a Peace dollar with light rainbow toning on the rims. I broke it out of the slab and enjoyed that coin for 10 years. Then I had to sell some of my collection. I wondered if that Peace dollar was artificially toned. I tried to sell it raw to many local dealers and none would give me more than $75 for it. They also had different opinions on the toning. So I decided to send it to Teletrade and have NGC grade it for one of their auctions. To my delight, the coin listed in a NGC holder as MS63*, with the star designation, and apparently the toning was natural. So I was curious as to what it would bring. Since I bought the coin, toned coins had become more popular and Peace dollars especially seemed rare with rainbows. No one else but on Teletrade could I have gotten what I finally received: A final strike price of $675!!!!!!! For a common date Peace dollar with uncommon toning. I only got that because I put it on Teletrade for bidding to the widest possible audience.</p><p><br /></p><p>So that's my commercial for Teletrade.</p><p><br /></p><p>But you still need to be careful. Teletrade is a good place for unusual coins, but it can also be a dumping ground for low end coins. Study the scans and plan before you bid.</p><p><br /></p><p>Steve[/QUOTE]</p><p><br /></p>
[QUOTE="fusiafinch, post: 651314, member: 18382"]I buy some coins at Teletrade, and I have generally been happy with them. I only rarely return coins from them. What I like: Good customer service, they scan every coin now, and they do sell coins hard to find anywhere else. The choice of coins is good, but as with any auction, you need to really look at the scan and description. The most choice is in the Morgan dollars (no surprise). I've gotten some super stunning coins for a modest price. But I do also see problem coins or low end coins being sold, and with experience, you learn to avoid these "bargains". What I don't like: High fees, but these are predictable. Plan your bid accordingly. But the fees can be worth it if you shop for exceptional pieces and leave the dogs on the table. Best Teletrade experience: About a decade ago, I bought a rainbow toned 1923 Peace dollar from a local dealer. It was originally in a PCGS MS62 older slab. He was charging $85 for it when the going rate for those at the time was $25. I thought it was a bit high, but I got it anyway because I never saw a Peace dollar with light rainbow toning on the rims. I broke it out of the slab and enjoyed that coin for 10 years. Then I had to sell some of my collection. I wondered if that Peace dollar was artificially toned. I tried to sell it raw to many local dealers and none would give me more than $75 for it. They also had different opinions on the toning. So I decided to send it to Teletrade and have NGC grade it for one of their auctions. To my delight, the coin listed in a NGC holder as MS63*, with the star designation, and apparently the toning was natural. So I was curious as to what it would bring. Since I bought the coin, toned coins had become more popular and Peace dollars especially seemed rare with rainbows. No one else but on Teletrade could I have gotten what I finally received: A final strike price of $675!!!!!!! For a common date Peace dollar with uncommon toning. I only got that because I put it on Teletrade for bidding to the widest possible audience. So that's my commercial for Teletrade. But you still need to be careful. Teletrade is a good place for unusual coins, but it can also be a dumping ground for low end coins. Study the scans and plan before you bid. Steve[/QUOTE]
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