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<p>[QUOTE="Brett_in_Sacto, post: 2153931, member: 71510"]That gold coin I got was in a "junk lot" at an estate auction. When you are looking on ebay, there's no telling where it came from or what they may or may not know. I guess that holds true for all auctions. </p><p><br /></p><p>The key to it is knowing what you are getting, and taking the time to really look at things. It's a gamble, but if you're careful they can pay off.</p><p><br /></p><p>On Ebay, I assume everyone knows exactly what they are selling and has a good idea of the value. It's possible to score a rarity in a lot, but it's "as the name implies" very rare. As for that lot you posted - it looks like they went for fair money. Maybe even a good deal. I didn't look at all the dates, but I saw some barber dimes and even a barber quarter in there. Highly collectible. </p><p><br /></p><p>Venture out to your local auction house someday. You might be amazed at what you find. We once came away with a 5 carat diamond tennis bracelet for less than the melt value of the gold. We had it cleaned and appraised and it covered our vacation!</p><p><br /></p><p>Then again we sold a rare $400 knife for $30 not knowing what it was. Mistakes are made, sometimes you get lucky - but with ebay - you should bet on a seller knowing exactly what they have. We only use ebay to sell off the "excess" from whatever treasures we bought. A lot of times we want one item in a lot - and ebay is a perfect place for that.[/QUOTE]</p><p><br /></p>
[QUOTE="Brett_in_Sacto, post: 2153931, member: 71510"]That gold coin I got was in a "junk lot" at an estate auction. When you are looking on ebay, there's no telling where it came from or what they may or may not know. I guess that holds true for all auctions. The key to it is knowing what you are getting, and taking the time to really look at things. It's a gamble, but if you're careful they can pay off. On Ebay, I assume everyone knows exactly what they are selling and has a good idea of the value. It's possible to score a rarity in a lot, but it's "as the name implies" very rare. As for that lot you posted - it looks like they went for fair money. Maybe even a good deal. I didn't look at all the dates, but I saw some barber dimes and even a barber quarter in there. Highly collectible. Venture out to your local auction house someday. You might be amazed at what you find. We once came away with a 5 carat diamond tennis bracelet for less than the melt value of the gold. We had it cleaned and appraised and it covered our vacation! Then again we sold a rare $400 knife for $30 not knowing what it was. Mistakes are made, sometimes you get lucky - but with ebay - you should bet on a seller knowing exactly what they have. We only use ebay to sell off the "excess" from whatever treasures we bought. A lot of times we want one item in a lot - and ebay is a perfect place for that.[/QUOTE]
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Thoughts on going to estate sales for coins?
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