Buying Coins ? What do you use to pay when big $

gene1978

I am looking at buying a collection and looking for a site that I can pay for it but be protected if they guy does not send the items. This is outside of eBay. Any suggestions?

BryceM

I assume "ddoe snot" means "does not"

Probably the best option is to use a third party. A trusted dealer might agree to broker the transaction for you. He sends the coin to the dealer, you send the money to the dealer, once the dealer verifies receipt of both, he sends each party their goods. The dealer will deserve a small fee for their help.

nibanny

PayPal gives you protection even outside of eBay.
You can also use your CC for additional protection.
Though, you need to add 3% to your cost.

lcoopie

I guess its out of the question for him to send the collection to you first for your approval?

AUandAG

<< <i>PayPal gives you protection even outside of eBay.
You can also use your CC for additional protection.
Though, you need to add 3% to your cost. >>



I have done this. Had a problem (I anticipated that I would and called Paypal before I even did the deal).
Paypal made me completely whole.

bob

LindeDad

In no way ever think about using PayPal gift there is no protection unless you pay them the fee.

Edit to add that adding the CC to the deal is another positive idea.

topstuf

Merchandise escrow????

Lakesammman

I flew to Florida once in the AM, met the guy at his bank, had the money wired, confirmed with my bank $$ arrival and was back in Seattle that night.

TwoSides2aCoin

I use a check, a wire transfer, cash, or a combination of those things, along with gold, silver and platinum coins...even other collectibles.

I mean, really.. it's a trade off. I would use a loan against my house if I wanted to. (as long as it's not over $400 and my girlfriend approves it )

Flash

<< <i>Merchandise escrow???? >>



Fixed Link

BAJJERFAN

<< <i>PayPal gives you protection even outside of eBay.
You can also use your CC for additional protection.
Though, you need to add 3% to your cost. >>



What's the limit for PP? $10K? I'd find a dealer who could pick them up and ship them to you. Send dealer a check, dealer cashes check and buys the coins. Or you could send cash via registered mail to dealer. Dealers are used to handling large amounts of cash so it would probably not draw any attention from their banker when cashing a large check.

AUandAG

<< <i>

<< <i>PayPal gives you protection even outside of eBay.
You can also use your CC for additional protection.
Though, you need to add 3% to your cost. >>



What's the limit for PP? $10K? I'd find a dealer who could pick them up and ship them to you. Send dealer a check, dealer cashes check and buys the coins. Or you could send cash via registered mail to dealer. Dealers are used to handling large amounts of cash so it would probably not draw any attention from their banker when cashing a large check. >>



Not $10K. I arranged for $20k with the phone call. But, I will add that this was three years ago and maybe things
have changed. Yes, you have to pay the fee to get the guaranty.

bob

Broadstruck

<< <i>I flew to Florida once in the AM, met the guy at his bank, had the money wired, confirmed with my bank $$ arrival and was back in Seattle that night. >>



If it's a full collection as stated this is the best route as your going to want to see it all in hand.

johnny9434

<< <i>

<< <i>I flew to Florida once in the AM, met the guy at his bank, had the money wired, confirmed with my bank $$ arrival and was back in Seattle that night. >>



If it's a full collection as stated this is the best route as your going to want to see it all in hand. >>

i agree. no harm done with that.

s4ny

I sold for big $. Met buyer at his bank. He inspected coins and transferred cleared funds
to an account I opened at that bank to receive the funds.

DennisH

It depends entirely on how big.

For the biggest deal I ever did I flew to his city and we did things in person.

BAJJERFAN

<< <i>In no way ever think about using PayPal gift there is no protection unless you pay them the fee.

Edit to add that adding the CC to the deal is another positive idea. >>



I expect that a PP gift for say $10K would probably get flagged and looked at very closely.

Broadstruck

<< <i>I expect that a PP gift for say $10K would probably get flagged and looked at very closely. >>



BAJJERFAN, I just PM'd you my paypal address... If your feeling generous lets find out!

coinhunters

<< <i>I assume "ddoe snot" means "does not"

Probably the best option is to use a third party. A trusted dealer might agree to broker the transaction for you. He sends the coin to the dealer, you send the money to the dealer, once the dealer verifies receipt of both, he sends each party their goods. The dealer will deserve a small fee for their help. >>



I agree this is the best way to handle transactions such as this.

streeter

How much money are you talking about?

CoinRaritiesOnline

<< <i>I flew to Florida once in the AM, met the guy at his bank, had the money wired, confirmed with my bank $$ arrival and was back in Seattle that night. >>



Rare sample slab?