Teletrade is confusing me! What do you think?

braddick

Ok, feature this: Teletrade auction #1670 (coming up Jan. 6th) has a lot I'll quote to you: <i>"1936 Deleware NGC 65: Brilliant with a trace of light gold, good strike & luster, good eye appeal. This comes with a Breen Document stating this is a Satin Proof. Breen #7556 and is rare, this information is not on the holder".</i>
That is lot1560.
Now, for lot 1600 (same auction): <i>"1982-D Washington PCGS 64: White with a few miniscule specks, good strike and luster, light semi-circle scratch in the reverse field."</i>
Guess which one comes with a photograph? Right! The ten dollar Modern. Now, wouldn't you think it would serve Teletrade and the consigner well to have his Deleware photographed? I would think a possible proof (with a mintage of 50 or so!) would warrant that vs the 1982-D Washington.

What do you think?
And, just in case you think it might be a single error, check out lot 1572. Another coin that screams for a photo where there is none.

gmarguli

I remember the MS63 clad Kennedys that had photos a few months back. The same auction expensive coins didn't.

I think that tells you something about the quality of the coins and the people behind TeleTrash.

mommam17

I don`t understand no photos? I remember a dealer friend telling me years ago that if you gave Breen a bottle he would sign anything. Don`t know if that was true or not but it came from a very good source.

Mark

Pat:

When the auction Greg mentions, with the pictured MS63's, was current, I happened to call Teletrade about another issue. I spoke with a very nice person there and asked exactly the question you ask: Why are cheap coins (MS63 Ikes) photographed and expensive coins not? The answer I received was two-fold: 1) I don't know, and 2) We are aiming ultimately to photograph everything. Personally, I didn't think much of 2) as an answer to the question and answer 1) left me dangling.

I think it's your turn to call and ask the question!

Mark

braddick

Mark,
You've had even better success than I have. At least you got unsatisfactory answers from a live person! When I called on an unrelated matter a couple weeks ago I was sent to voice mail hell!

Mark

Pat:

I probably talked with a live person because I owed Teletrade money. Try bidding in one of their auctions and then not noticing that you won. After a couple of weeks, Teletrade will be most willing to talk to you.

Mark

gmarguli

If #2 were true then why has it taken so long? It's BS.

sinin1

They have a big back-log of unsold stuff


A picture of that item MAY appear before the date of the auction



P.S. From looking over the financials of GregManning corporation behind Teletrade - if I remember correctly, they lost 16 million bucks last year ( including all of their worldwide stuff - stamps/sportscards/other junk - hey kind of reminds me of CU - don't know/forget their focus and diversify to the point requiring major reorganization and/or bankrupcy)


As far as I can tell, they cater to the buyer more than the seller -> that is why they offer such a generous return priveledge -> each return adds another 3 months until seller gets paid

tradedollarnut

The majority of that loss is from writing off goodwill due to new accounting rules, just like the majority of CU's loss. While I don't care for teletrade particularly, I've had good experiences with Spectrum, another subsidiary of Greg Manning.

roadrunner

While any photograph is of some help, most of Teletrade's photographs show the coins to be far darker than they are. Many times a nice looking coin will look ugly. Until they can get the photography down they shouldn't even bother. I look at Legend's website and they seem to have a midas touch with their scans. Why can't others do this?

roadrunner