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What about eBay?

Question: I was wondering what you thought about buying coins from an auction site like eBay? Is is a good idea?

My Answer: I have purchased some coins off of eBay and I had no problem, but I urge you to proceed with caution.

Know the coin you are bidding on and what it is worth. Many coins on eBay sell for much more than they are worth, so do your homework before bidding.

Also, before you bid, be sure to check the seller's feedback. Make sure they haven't had any major complaints. If they are new and don't have much feedback, be very cautious. There are many scammers out there.

Check their website, if they have one. A big plus would be being able to reach them by phone.

And make sure that they have a reasonable return policy and that they insure their packages when shipped.

Comments for What about eBay?

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Apr 08, 2009
Good Question
by: Eva - Moderator

Thank you for your question. I hope I have given you an answer that is helpful.

You should not have a problem if you follow the advice in my answer.

Just remember to study the coin you are planning to bid on so that you have a good idea of what it is worth before you bid so that you don't spend too much.

It is easy to catch the 'bidding bug' at auctions and bid more than you intend to.

Jun 18, 2009
Check out different sites
by: Anonymous

i think that a site like ebay is nice but the people selling have to raise there prices due to the taxes on the particular item you are buying. I would suggest going to a coin buying site. 1 in particular that i am very happy with is most of there coins are certified and the ones that are are graded almost to perfection. They have something for everybody and everytime i go on i find great deals on every page. They accept cash,paypal, or check.. i would take a look! :)

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