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Before sharing an interview with GreatCollections President Ian Russell concerning his company’s practice of providing honest numismatic photos, I want to discuss the dishonesty and risk of buying coins with altered or poor photos.
Here’s a poor photo of a coin that I took a risk with, bidding based on a Proxibid lot that didn’t capture the true condition
I’m an experienced online coin buyer, blogger, and numismatist, and even I get caught on occasion when auctions do not mention flat bids in their terms of service, which I always read.
In an April 23 session on HiBid
Earlier this year I wrote an investigative analysis titled “The Volatile State of Online Estate Auctions,” noting how tardy technological upgrades in addition to fees from auction portals and credit card companies—often combined with building rent and/or upkeep of onsite facilities—continued to push buyer premiums ever higher.
Shipping has always been an issue with auction houses
Earlier this year I wrote an investigative analysis titled “The Volatile State of Online Estate Auctions,” noting how tardy technological upgrades in addition to fees from auction portals and credit card companies—often combined with building rent and/or upkeep of onsite facilities—continued to push buyer premiums ever higher.
Shipping has always been an issue with auction houses
Online coin auctions are challenging for buyer, seller, and auctioneer, says Sheena Wallace, who helps run Auctions by Wallace, an onsite and online auction that typically showcases coins each week.
On her website, she notes that her company has “a proven track record when it comes to selling coins
Online coin auctions are challenging for buyer, seller, and auctioneer, says Sheena Wallace, who helps run Auctions by Wallace, an onsite and online auction that typically showcases coins each week.
On her website, she notes that her company has “a proven track record when it comes to selling coins
For the past seven years I have bought and sold coins almost exclusively via the Internet, preferring estate auctions on Proxibid over other venues. I even created a blog, no longer active, called Proxiblog