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<p>[QUOTE=&quot;Morgan1878, post: 726277, member: 17869&quot;]The largest auction house in the world has its problems. Listings of fake designer goods and if you read the coin talk forums, numerous examples of </p><p>misrepresented coins and transactions that went bad.</p><p><br /></p><p>If you&#039;re going to deal with auction houses, there a number of well-respected ones that specialize in coins and are cognizant that their credibity with coin collectors depends on trust, honesty and quality merchandise.</p><p><br /></p><p>Having said that, there are forum members that have had good experiences buying coins on E-bay. They tend to be more experienced and most of them bought a few bad coins while accumulating their body of knowledge. This is called &quot;paying your dues&quot;.</p><p><br /></p><p>Your statement that &quot;If someone buys only coins they&#039;ve examined in person, they&#039;re not only dealing with a limited universe of possiblities, they probably don&#039;t own stocks, either.&quot;&nbsp; I&#039;m not sure how you jump to this conclusion based on a collector&#039;s preference such as myself for buying coins that I&#039;m able to personally examine.</p><p><br /></p><p>In my case, I&#039;ve worked for an investment firm for 10 years. Obviously, I&#039;ve done a fair amount of trading over that time. In the investment community as in the coin community there are varying degrees of analysis done by individuals before they buy. Some do it based only on what a friend said. Some investors (including some very successful money managers) <i>insist</i> on visiting the company they are considering investing in. For each individual, there is a comfort level before they pull the trigger to buy.[/QUOTE]</p><p><br /></p>

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