Auctions

Online Coin Auction

One can find lots of online coin auction sites on the web. Although not as many as there used to be in recent past. Quite few of them are specific to coins only, while numbers of others are general-purpose auctions that happen to also have coins also as one the item among them. All online coin auction sites have their own set of rules, which one should be careful to abide by. They each have varying pricing structures for their services as well. You must be sure to know what you'll actually pay for a coin including shipping and handling and buyers fees before you participate in an auction.

The following are few well-known online coin auction websites:

1. Teletrade - http://www.teletrade.com/ 2. Roy Reynolds - http://www.geocities.com/RodeoDrive/7533/auction1.html 3. E-Bay - http://www.ebay.com/ 4. Auction Fire - http://auctionfire.com/5. Yahoo Auctions - http://auctions.yahoo.com/6. Amazon.com Auctions -http://www.amazon.com/ -

There are few online coin auction websites that don't seem to be doing auctions anymore, however, their links are still active which are as listed below:

1. US Cents.com - http://www.uscents.com/2. SDDCA Auction - http://www.geocities.com/Eureka/Plaza/2660/index.html

Also there are few online coin auction website as listed below who are no more in the business.

1. Numismatists Online (NOL) - http://www.numismatists.com2. Collectors Auction - http://collectorsauction.com/ 3. Coin Universe - http://www.coinuniverse.com/ 4. Williams Gallery - http://www.wgauctions.com 5. Coin Auctions of Greater Chicago - http://www.mcs.net/~cagc6. Patriot Auctions - http://www.patriotauctions.com 7. Peace Auction - http://www.peace-auction.com 8. Debug Collectables Auction - http://www.debug.ca 9. Go Mainline - http://www.gomainline.com/ 10. Sell and Trade.com - http://www.sellandtrade.com 11. Haggle Online -http://www.haggle.com 12. Box Lot -http://www.boxlot.com/alphadex.htm 13. Up 4 Sale - http://www.up4sale.com 14. Live Auction Online - http://www.liveauctiononline.com

Buying coins through an online coin auction service is exciting, however, there are dangers exist that should be considered in order to make your experience a safe one. Anyone who has purchased coins online for long knows that there are many crooks, who are selling coins along with the good guys.

The world of online coin auction sellers is a mix - from the established dealers to low budget start-ups hoping to get rich quick or at least make little money to grow their business. Some of the beginners don t know any better, or crooks that do, sell raw coins that are frequently over-graded, and collectors are the usual victims. Many of the online photos and scans are clear enough to show the approximate grade of coin. In particular, it should be easy to tell the difference between a circulated coin and an un-circulated coin. However, lower quoted coins present less risk of loss of money to collectors, but the risk is there in online coin auction nevertheless.

Article Published: Thursday 19th July 2007