ebay: The Never-Ending Coin Show

5 Mar

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“Ebay was founded in 1995 and it is a forum that connects individuals and small businesses in order to buy and sell with each other,” (1 source link below). On ebay, people buy and sell almost anything except for, I believe, firearms and live animals. For our purpose, people can buy and sell coins on ebay!

For numismatic enthusiasts, ebay can be a nonstop, online coin show. Ebay is 24 hours a day, 7 days a week of numismatic madness. While writing this evening, the site had about 460,000 lots for just “United States coins.”

Two of the common things to be sure of before buying on ebay are listings with “actual photos” and really good qualitative positive “feedback” of sellers. Some sellers use stock photos that are borrowed photos used in a feeble attempt to show buyers what they are selling. For coins, that just does not work because every coin is unique! We won’t talk about stock photos for bullion or generic coins; those can sometimes be acceptable.

Feedback can also be a huge determining factor for buying on ebay. If a seller has a track record of selling items and receiving positive feedback from a significant variation of buyers then their next item that they sell will probably be good also. Plus, your credit card or paypal’s buyer protection should safeguard you from fraud or any damage/misrepresentation of items.

There is a ton of content on ebay and it is impossible to see everything. Some people buy an item or more every day on ebay and others only buy something once in a while. Ebay can be useful for pricing similar items to give you an idea of what yours might be worth or you might find ebay to be a forum where you can buy or sell what interests you.

Be smart and make sure you have taken necessary measures to protect yourself if something goes wrong with a deal, but have fun with searching on ebay and see if you like it. I recommend for you to give the site a try if you haven’t already.

1-      http://www.ebayinc.com/who


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