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<p>[QUOTE=&quot;fusiafinch, post: 1733389, member: 18382&quot;]I have mixed reviews of Teletrade.</p><p><br /></p><p>On the one hand, yes, I often see high starting prices for some coins, but that&#039;s because the consigner has requested that Teletrade (TT) start the bidding at that level. So that&#039;s the consigner&#039;s fault. I just don&#039;t pay any attention to those items.</p><p><br /></p><p>On the other hand, I also see coins listed at a price vastly below the retail listed price, and many of these coins have sold at prices far below the list price. So it&#039;s also possible to get bargains there, even with the 17.5% fee factored in.</p><p><br /></p><p>So it&#039;s all about how you shop there. The buyer&#039;s fee must be factored into your bidding, so calculate that before bidding. But if many collectors simply give up on TT, that actually leaves more opportunity for others.</p><p><br /></p><p>Yes, there&#039;s problem coins on TT, but I also see lots of high quality coins I don&#039;t find anywhere else, even eBay. And these similar high quality coins on eBay often start at very high prices as well. </p><p><br /></p><p>Just this last auction, tell me why this coin went for a price that is less than 1/4 of the retail list price:</p><p><br /></p><p><a href="http://www.teletrade.com/coins/lot.asp?auction=3435&amp;lot=1241" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.teletrade.com/coins/lot.asp?auction=3435&amp;lot=1241" rel="nofollow">http://www.teletrade.com/coins/lot.asp?auction=3435&amp;lot=1241</a></p><p><br /></p><p>Now, you&#039;ll have to judge if this is a bargain or not. I think the buyer got an outstanding buy here, even when the additional $8 buyer&#039;s fee is added. I think all of the grading services can grade an XF coin, and you can certainly see the doubled MONTICELLO on the reverse of the nickel. This coin retails for about $170. The only thing I can see is that the reverse has toning that is a bit dark, but nearly a 80% discount from retail? So yes, bargains are there.</p><p><br /></p><p>So yes, TT offers some good buys, but you have to be smart about it. And TT is competing with eBay by offering no seller&#039;s fees at all for consigning coins to them. I hear lots of people complaining about the eBay seller&#039;s fees; well, here&#039;s an alternative, for certified coins.</p><p><br /></p><p>So for smart buyers, TT does offer something. Sure, there&#039;s sellers who want outrageous prices. Fine, those coins won&#039;t sell. They get offered 3x at auction, I believe, and then they are sent back to the consignor. Let that be the seller&#039;s problem. You don&#039;t see these same sellers are on eBay, asking for the same price?</p><p>Not everyone starts their auctions at 99 cents!</p><p><br /></p><p>BTW, I&#039;ve been to Great Collections and it&#039;s a nice site but with similar issues. Also, I think TT offers far superior photos of the coins than GC.</p><p><br /></p><p>Teletrade has its problems and limitations, to be sure, but I&#039;ll still look there from time to time.[/QUOTE]</p><p><br /></p>

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