Bidding on eBay Coins
One of the best places to search for coins, either for collections or as pure investments, is on eBay. This global auction house has become a great place to shop. Millions of people place items for sale. Gold and silver coins and bullion are no exception.
Because of its global reach, a lot of people are laying eyes on these coins. In order for them to sell, they will probably be going at or near market value on any given day. This put the odds in favor of the buyer. The transparency and large volume of the eBay market makes pricing real.
Nonetheless, there are some dangers for the collector and investor when acquiring gold and silver online. One of the biggest concerns is that the potential buyer generally does not get to inspect the item “in person”. Here are a few tips to keep in mind as you consider bidding on eBay coins.
Tips for Bidding on eBay Coins
- Check out the seller’s feedback: Deal only with those sellers who have sold numerous items and have a stellar eBay rating.
- Make sure the seller has several excellent photos of the coins you’d like to bid on. You will want to see enough detail to determine for yourself that the coin grade matches what is listed by the seller in the description. This is especially important for uncertified coins.
- Determine the seller’s location. This information is available on eBay. It will enable you to steer away from potential fraudulent dealers.
- Evaluate the terms of shipping. How will it be delivered, in what time frame and will the shipping be guaranteed.
- Does the seller have a return policy? This is especially important if you receive the coins and determine that they are of lesser grade that was advertised.
- Consider making lower cost purchases on eBay. Perhaps you are collecting a series of coins and are looking for a special but not especially rare date. You should be able to find it on eBay and acquire it at a good price.
- Only pay for your coins by PayPal or credit card. And again, only place bids on items from reputable sellers.
Alternatives to eBay
As you evaluate bidding on eBay coins, make sure you check if the same item is available on Amazon. They also have an excellent supply of gold and silver coins for sale. For example, if you are interested in a 1932-D Washington quarter, one of the key dates in the series, you can find it on Amazon.
Of course, many folks prefer buying their gold and silver through specific online brokers that they know and trust. Please consider our preferred broker, Golden Eagle Coins, especially if you are considering the purchase of investment quality gold and silver such as American Eagles, gold bars and the like.
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