The Definitive List of reputable online coin auction sites?

Discussion in 'US Coins Forum' started by Dougmeister, May 24, 2017.

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  1. Dougmeister

    Dougmeister Well-Known Member

    Last edited: May 24, 2017
    Dougmeister, May 24, 2017
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  3. SuperDave

    SuperDave Free the Cartwheels!

    Great Collections (prime hunting ground)
    Legend (not with your wallet or mine, or even both together along with all our neighbors. :D )
     
    SuperDave, May 24, 2017
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  4. Burton Strauss III

    Burton Strauss III Brother can you spare a trime? Supporter

    Kagin's - another leave your wallet behind

    Two I know OF, but not much

    ProxiBid - is an online portal for 100s of local auctions. The terms and conditions vary, so read CAREFULLY.

    Fox Valley Coins - you see them running a lot of auctions advertised in the coin magazines.​
     
    Burton Strauss III, May 24, 2017
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  5. Conder101

    Conder101 Numismatist

    Define reputable.
     
    Conder101, May 24, 2017
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  6. Dougmeister

    Dougmeister Well-Known Member

    Is that rhetorical or real?

    Anyway... "I'll get the coin I paid for, they'll stand by their policies, and no one will steal my credit card info". I guess that's it... pretty simple.
     
    Dougmeister, May 24, 2017
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  7. Victor

    Victor Coin Collector

    Daniel Sedgwick
     
    Last edited: May 24, 2017
    Victor, May 24, 2017
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  8. jester3681

    jester3681 Exonumia Enthusiast

    Depending on your area of interest, Spink's has good stuff - they have been around for years.

    I could list a few Civil War token auctions, most notably Steve Hayden's mail bid and the CWTS Auctions - both are without reproach.
     
    jester3681, May 24, 2017
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  9. Santinidollar

    Santinidollar Supporter! Supporter

    I follow and buy from Heritage, David Lawrence and Great Collections. All three have coins well out of my pay grade, but have many more that fit my collecting level and can be had at good prices. Legends, of course, is look, drool and dream.
     
    Santinidollar, May 24, 2017
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  10. kanga

    kanga 65 Year Collector

    Thank heavens eBay wasn't added to the list.
     
    kanga, May 24, 2017
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  11. Santinidollar

    Santinidollar Supporter! Supporter

    There are some good dealers on eBay. There also are a lot of smucks.
     
    Santinidollar, May 24, 2017
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  12. baseball21

    baseball21 Well-Known Member

    Exactly, and the overwhelming majority of bad ones are eliminated if people just avoid listings that look to good to be true
     
    baseball21, May 24, 2017
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  13. Dave Waterstraat

    Dave Waterstraat Well-Known Member

    And the ones that look too bad to be true, aka the dealers that peddle mostly scrubbed coins.
     
    Dave Waterstraat, May 24, 2017
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  14. Santinidollar

    Santinidollar Supporter! Supporter

    This may be too conservative for some, but eBay risk can be reduced by:
    1. Only buying slabbed coins
    2. Dealers must offer returns.
    3. Dealers must have decent feedback and deal mostly in coins.
     
    Santinidollar, May 24, 2017
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  15. GDJMSP

    GDJMSP Numismatist Moderator

    What about a dealer who will do all the things you're talking about, but charge twice as much as the other guys ? Would they still be considered reputable ? Or maybe I should word that differently, would they still make your list ?

    Don't know for sure, but I think that's the kind of thing that Conder might be thinking about.
     
    GDJMSP, May 25, 2017
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  16. Dougmeister

    Dougmeister Well-Known Member

    Good point.

    But as you know, I'm hunting for some hard-to-find coins. I've already compiled a few different lists: dealers with websites, dealers without websites, dealers from the Baltimore Whitman Show, etc.

    I knew of the "big players" in the coin auction world but realized that there are other less well-known players out there as well. Some, unfortunately, are shysters. I'm just trying to find out some other avenues by which I might pursue my goal.
     
    Dougmeister, May 25, 2017
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  17. GDJMSP

    GDJMSP Numismatist Moderator

    The best way to find hard to find coins, is to have dealers look for them for you. They will see and hear about a hundred, a thousand, times as many coins as you can find.

    On another note, here's the thing with dealers, and it's something that few seem to realize. A dealer's reputation is usually based on word of mouth regarding his transactions with others. And if you do enough business somebody is going to be unhappy with a transaction or two, or three, or whatever. And as a general rule you won't hear much about the transactions where people end up being happy, but you'll hear a ton about the ones that are unhappy.

    It also important to always remember that who you hear things from is more important than what you hear from them. Or put another way, you always have to consider the source. I say that because many times, I might even say most of the time, when people buy a coin and they are unhappy with it, their unhappiness is a direct result of their own lack of knowledge. So while they might think they got "screwed" on a deal, they didn't. They were treated fairly and got exactly what they paid for.

    And of course the opposite is true, and for the same reason. You may hear from a thousand sources that - hey that dealer is great ! But in reality he's one the worst scammers there is.

    This why feedback on sites like ebay is worse than worthless, it can even be harmful. You don't anything about the people leaving that feedback. They could honestly be thinking they are getting the deal of the century, and the whole time they are getting ripped off or taken advantage of left and right - because they don't know anything about coins. A seller's feedback may be stellar, 100% - and yet he's one of the biggest crooks out there.

    I guess what I'm trying to get across is that you should only trust or put any confidence in what you hear from people you already know and trust. Pretty much everything else you hear whether good or bad - well, you would be best served to just ignore it.
     
    GDJMSP, May 25, 2017
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  18. Dougmeister

    Dougmeister Well-Known Member

    Thanks @GDJMSP.

    I have list upon list of coin dealers. I have met a few in person, but I doubt they'd remember me.

    How do I choose which dealers to ask? I have another thread somewhere on CT that asked for recommendations... you'd probably say that is the best way to proceed? To get first-hand referrals from people who have done business with the dealers?
     
    Dougmeister, May 25, 2017
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  19. GDJMSP

    GDJMSP Numismatist Moderator

    Yeah, I would. As long as you only pay attention to the recommendations given by people you already know and trust. And just because somebody is a member of this forum, that doesn't necessarily mean you should trust them.

    Too many people tend to forget that.
     
    GDJMSP, May 25, 2017
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  20. Treashunt

    Treashunt The Other Frank

    FYI:

    schmuck

    noun
    North Americaninformal
    noun: schmuck; plural noun: schmucks; noun: shmuck; plural noun: shmucks
    1. a foolish or contemptible person.
     
    Treashunt, May 25, 2017
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  21. Santinidollar

    Santinidollar Supporter! Supporter

    Lol
     
    Santinidollar, May 25, 2017
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