How is Great Collections with currency auctions?

Windycity

I have used Great Collections with good success on coins but never currency. Anyone have any experience with currency auctions on GC?

RiveraFamilyCollect

I got a coin from them on auction. I was the only bidder. Normally its a bad idea to put a coin as an auction, and eBay is a bigger market, so I assume no one uses great collections outside of very invested collectors.

Serial_no_8

I used to use them but found the same items re-listed which were supposed to be won by others. I had a friend who referred them to me. He also noticed some shady practices. Both of us suspected "shill bidding" on multiple items which drove the prices up to what they thought was an acceptable profit. I also had issues with their high shipping costs, poor item descriptions & over grading. My friend tried to pick up his items & had issues with them then too. I've seen posts on other forums with similar negative feedback.

TxCollector

I’ve purchased both coins and notes from them and have had zero complaints. Everything that I’ve purchased has been graded so I haven’t had to worry about poor descriptions or overgrading from the standpoint of the auction house and can’t really comment there. Shipping with regard to both cost and speed has been the best by far of any serious auction house that I’ve used.

Usually from reading this forum in the coin section I’ve seen people post compliments about GC so I’m surprised about the concerns in the prior post.

Serial_no_8

Thanks for your post @jeffas1974 I now see Great Collections is different.

I was probably mistaken.

I was referring to hibid, Great Deal Auctions & Auction Network (which links to many other collectible auction networks). I have received all my items won but paid dearly & received many items incorrectly described, over graded & later they narrowed down (to 1) expensive option to ship from the auction house nearest me. The friend who introduced me also quit after many similar issues. I've had many collector friends refer to auction network as "an internet flea market run by individuals who know nothing or little about collectibles." I would tend to agree.

Windycity

Thanks for comments. I have used Great Collections many times for coins and very pleased. My question more accurately stated is "do the do enough volume in currency to attract the avid currency collectors?"

SaorAlba

I have bought some foreign paper money on there, at bids that suggested not many other collectors noticed. I have been very pleased with the service that GC runs, just wish they had more of what I wanted.

TxCollector

@Windycity said:
Thanks for comments. I have used Great Collections many times for coins and very pleased. My question more accurately stated is "do the do enough volume in currency to attract the avid currency collectors?"

They definitely don’t have the volume of a place like HA but there are still items worth looking at if you aren’t needing something specific that is harder to find.

2ndCharter

I don't understand the comment about overgrading since everything on Great Collections is slabbed.

Anyway, my biggest issue with GC is the lack of material. While at the ANA last week, I spoke to Ian Russell of GC about that problem and he said they're trying their best to get better notes to offer. I've bought some serious Nationals from them in the past so he knows if he puts them out there, I'll be bidding.

manofwar1

I am new to paper currency, but i have purchased several pieces and found the articles purchased to be better than expected.

manofwar1

synchr

Lots of inventory, acceptable prices, no steals IMHO

Windycity

I did sell through Great Collections and did okay..,. no Moon prices but on average okay.

Serial_no_8

@Windycity said:
I did sell through Great Collections and did okay..,. no Moon prices but on average okay.

Can you clarify? Coins or banknotes? Any other info would be nice @Windycity (thanks).

Windycity

I have sold coins many times through GC and generally very pleased. This was the first time with US currency and I did "okay."

Serial_no_8

Thanks for the follow-up answer.

Applejacks

Not a problem as people have stated.

pursuitofliberty

Haven't been over here on this board in a while.

When I sold on GC, my notes got fair to decent prices. I watch over there too, as occasionally something up my alley shows up for sale. Usually what I watch also goes for fair to good money

jdimmick

I was wondering the same thing, I have been very well pleased with coin auction results, but have not sent them any currency as of yet. In this next batch I have some better currency pieces I was thinking about trying?

I have a good long time ebay customer base, but my biggest fear there is shipping 5k to 10k stuff with all the sham and scam bidders out there, thats why I run the better $ stuff thru GC, but have some currency now as well.

Windycity

My results with the currency at GC was very good. Happy I consigned with them.

coinandcurrency242

My results were ok. I was able to get close to what I wanted. I did get more than cash offers I received on them at coin shows.