AMASSING YOUR COIN COLLECTION Part II
Make sure the seller has a reasonable return policy, examine coins carefully on receipt to ensure they’re satisfactory (get an opinion from a more experienced collector/dealer if you are unsure), and return them if they are not.
It is not uncommon for bids in these auctions to go considerably higher or lower than prices for comparable coins from other sources. Check prices in shops, mail order ads and/or web sites and limit your bids to those prices to avoid paying too much.
Relatively common collector coins are sometimes included in auctions of antiques, other collectibles, etc. as well as estate auction. The collector is forewarned that material in these auctions is more likely than usual to be over-graded, have problems not mentioned (if even known) by the auctioneer, and/or to garner inflated prices. Better material at lower prices can often be readily obtained from other sources.
You can try and either trade or buy from another collector. However, it’s not often easy to locate another collector selling what you want. When it happens, you may get a better price. Post what you’re looking for in “rec.collecting.coins” or attend some local coin club meetings. There are also other coin collector message boards you can use to make contacts. Just look around or Google and you’ll find them.
Coins are sometimes available at flea markets, antique shows, craft fairs and other events where they are not the primary focal point. Because there is little if any competition for the seller and many potential buyers are not well informed about the hobby, these venues can be used to move problem coins and prices may be inflated. While the collector always needs to be able to evaluate the quality of potential purchases and fairness of their prices, extra caution is warranted in these situations.
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