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<p>[QUOTE="Owle, post: 1414526, member: 22004"]It goes to division of labor and the grading services and computers and auction companies with online images have made life a lot more efficient. Remember when all you got was the catalog and many lots did not have a picture? You had to order on faith or based on the description of the cataloguer. YOu got the coin, you did not like the coin...you sent it back with all the pesky shipping fees involved. Somehow I think we are better off with faster and more efficient systems, but we are still in the dark ages compared to where we could be!</p><p><br /></p><p>You have a computer program that gives you the advantages of the big boys at Heritage, Spectrum and Rarcoa--you could never compete otherwise. From the looks of things, there were some nice coins in the Teletrade/Spectrum auction and I bid accordingly, plus there were the "walking wounded" coins that you needed to see a digital image of to figure out whether it was worth bidding on. Would you pay Bluesheet prices for substandard material if you could make a couple of bucks? I'll bet you would if you have working capital.</p><p><br /></p><p>Another thing they were offering was a "layaway" plan. To me this is bogus and many companies do this. You make a commitment to buy stuff you bid on, you have say 90 days to pay with less or no interest. You are still on the hook and you do not get to see the coins until you pay. I can not see any incentive to do this with the buyer unless it is a great deal. "Rent to own" is worse of course. You can end up paying many times more for the furniture, etc..[/QUOTE]</p><p><br /></p>
[QUOTE="Owle, post: 1414526, member: 22004"]It goes to division of labor and the grading services and computers and auction companies with online images have made life a lot more efficient. Remember when all you got was the catalog and many lots did not have a picture? You had to order on faith or based on the description of the cataloguer. YOu got the coin, you did not like the coin...you sent it back with all the pesky shipping fees involved. Somehow I think we are better off with faster and more efficient systems, but we are still in the dark ages compared to where we could be! You have a computer program that gives you the advantages of the big boys at Heritage, Spectrum and Rarcoa--you could never compete otherwise. From the looks of things, there were some nice coins in the Teletrade/Spectrum auction and I bid accordingly, plus there were the "walking wounded" coins that you needed to see a digital image of to figure out whether it was worth bidding on. Would you pay Bluesheet prices for substandard material if you could make a couple of bucks? I'll bet you would if you have working capital. Another thing they were offering was a "layaway" plan. To me this is bogus and many companies do this. You make a commitment to buy stuff you bid on, you have say 90 days to pay with less or no interest. You are still on the hook and you do not get to see the coins until you pay. I can not see any incentive to do this with the buyer unless it is a great deal. "Rent to own" is worse of course. You can end up paying many times more for the furniture, etc..[/QUOTE]
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