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Looks Like Amazon is doing what eBay Wishes they could

AKFlyerAKFlyer Posts: 75 ✭✭
in U.S. Coin Forum

It appears Amazon only sells certified coins. Imagine the angst and drama that would be avoided if eBay did the same.

Am I making a correct assumption about Amazon? Thanks.
- AKFlyer

All of my coins are secure in a bank safe-deposit box.

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    AMRCAMRC Posts: 4,266 ✭✭✭✭✭
    No. eBay allows BOTH raw and graded coins. There are more collectors of raw coins than there is of graded coins no matter how many slabs you see in dealer's cases.

    When I buy an estate there are raw coins that make no sense to grade. I need a market for those other than shows. Which means that I cannot use Amazon for all of my coins. Just some.
    MLAeBayNumismatics: "The greatest hobby in the world!"
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    fishcookerfishcooker Posts: 3,446 ✭✭
    They have eagles that aren't certified.
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    AKFlyerAKFlyer Posts: 75 ✭✭
    >>>>>>>> They have eagles that aren't certified.


    Who? Amazon?
    What type of eagles? ASEs AGEs or pre-1933 eagles?
    - AKFlyer

    All of my coins are secure in a bank safe-deposit box.
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    phnataccphnatacc Posts: 367 ✭✭


    << <i>It appears Amazon only sells certified coins. Imagine the angst and drama that would be avoided if eBay did the same.

    Am I making a correct assumption about Amazon? Thanks. >>



    Yeah.... no.
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    FredWeinbergFredWeinberg Posts: 5,726 ✭✭✭✭✭
    Actually, Amazon requests that sellers have at least
    70% certified, and only 30% at most raw, for their site.
    Retired Collector & Dealer in Major Mint Error Coins & Currency since the 1960's.Co-Author of Whitman's "100 Greatest U.S. Mint Error Coins", and the Error Coin Encyclopedia, Vols., III & IV. Retired Authenticator for Major Mint Errors
    for PCGS. A 49+-Year PNG Member...A full numismatist since 1972, retired in 2022
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    mrpotatoheaddmrpotatoheadd Posts: 7,576 ✭✭
    Most of the angst and drama involved in eBay purchases is self inflicted, if the posts here about eBay problems with raw coins are any indication.
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    LindeDadLindeDad Posts: 18,766 ✭✭✭✭✭
    EBay just needs to put the values to a lot less than they have it at now requiring it to be certified.
    My Current project....https://www.pcgs.com/setregistry/mysetregistry/album/160794
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    AKFlyerAKFlyer Posts: 75 ✭✭

    >>>>>>>>>>>>>>>> Most of the angst and drama involved in eBay purchases is self inflicted, if the posts here about eBay problems with raw coins are any indication.

    I agree and disagree. Yes, the most acute pain is often self-inflicted, but I made that "angst" observation from experience.

    I have never bought a raw coin on eBay that I ended up liking after I had it in hand. I made many attempts. A lot of my certified coins were sometimes disappointing, but none of them were blatant rip-offs like the raw coins.

    I don't buy any coins from eBay any more. My best purchases of raw coins have been on the trusty BST.
    - AKFlyer

    All of my coins are secure in a bank safe-deposit box.
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    astroratastrorat Posts: 9,221 ✭✭✭✭✭
    eBay supports Darwinian numismatics
    Numismatist Ordinaire
    See http://www.doubledimes.com for a free online reference for US twenty-cent pieces
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    ScarsdaleCoinScarsdaleCoin Posts: 5,192 ✭✭✭✭✭
    Amazon will be adding additional down the road, collectible coins was just launched a few days ago and they want to get their feet wet and make sure everything works as planned...what they are wrestling with is bullion type items which is not scheduled at the moment....World Coins I believe are coming soon as well
    Jon Lerner - Scarsdale Coin - www.CoinHelp.com
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    TookybanditTookybandit Posts: 3,411 ✭✭✭✭
    How are the selling fees on amazon for coins? Is it more/less expensive than eBay?

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    CoinZipCoinZip Posts: 3,253 ✭✭✭


    << <i>How are the selling fees on amazon for coins? Is it more/less expensive than eBay? >>



    more expensive.....


    edited to add: Given ebay's track record of chasing sellers away, this seems like a logical progression for them...... image

    Coin Club Benefit auctions ..... View the Lots

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    TookybanditTookybandit Posts: 3,411 ✭✭✭✭
    If Amazon fees are higher than you can count me out. I suppose sellers who are banned from eBay can go over to Amazon, but that may not go well for the buyers!
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    dbcoindbcoin Posts: 2,200 ✭✭
    Here's my theory: CLCT will enable Collectors Club members to list for free on Collectors Corner and fees will be less than Ebay's are. They are doing this now for Sports Cards. All payments are through PayPal. Fees are 2%-5%. The pilot in Sports Cards is through the Registry sets. You can list cards on Collectors Corner. If you have a "hole" in your Registry Set you get alerted when a card comes up for sale.
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    coindeucecoindeuce Posts: 13,472 ✭✭✭✭✭


    << <i>Here's my theory: CLCT will enable Collectors Club members to list for free on Collectors Corner and fees will be less than Ebay's are. They are doing this now for Sports Cards. All payments are through PayPal. Fees are 2%-5%. The pilot in Sports Cards is through the Registry sets. You can list cards on Collectors Corner. If you have a "hole" in your Registry Set you get alerted when a card comes up for sale. >>



    In theory, the above arrangement is attractive for CC members, but if they as non-dealers provide too much competition for dealers that have an established niche at Collectors Corner, that spells trouble. The dealers who presently participate on Collectors Corner are there because they pay a subscription fee to CCE, which is much higher than what CC Platinum level members pay on an annual basis.

    "Everything is on its way to somewhere. Everything." - George Malley, Phenomenon
    http://www.americanlegacycoins.com

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    segojasegoja Posts: 6,112 ✭✭✭✭
    Hopefully the AMAZON experiment will be a success. Right now they have some problems with how coins are listed, search ability, descriptions, number of pictures etc

    They are higher cost....just build it into your price

    The other major hurdle for part timers is AMAZON's requirements. Right now it's invite only. You must have an AML (Anti-Money Laundering) program on file along with a few other items that the average E-Bay seller will not have. They might relax these requirements, but not in the short-term.

    On the positive side, Amazon does all the processing of payments etc. Makes things a tad easier, but they have a long way to go.

    JMSCoins Website Link


    Ike Specialist

    Finest Toned Ike I've Ever Seen, been looking since 1986

    image
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    pcunixpcunix Posts: 620 ✭


    << <i>It appears Amazon only sells certified coins. Imagine the angst and drama that would be avoided if eBay did the same.

    Am I making a correct assumption about Amazon? Thanks. >>



    No, Amazon does not restrict to certified and also allows the seller to state a grade. At eBay, you cannot state a grade unless certified.

    My Coin Blog
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    segojasegoja Posts: 6,112 ✭✭✭✭
    Amazon does restrict the number of raw coins you can sell. If I recall correctly it's 30%. For me it doesn't matter since all I sell is slabs
    JMSCoins Website Link


    Ike Specialist

    Finest Toned Ike I've Ever Seen, been looking since 1986

    image
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    19Lyds19Lyds Posts: 26,475 ✭✭✭✭


    << <i>eBay supports Darwinian numismatics >>

    No Duh!!
    I decided to change calling the bathroom the John and renamed it the Jim. I feel so much better saying I went to the Jim this morning.



    The name is LEE!
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    CoinZipCoinZip Posts: 3,253 ✭✭✭
    We don't have any goofy restrictions or fees for that matter...... image

    Coin Club Benefit auctions ..... View the Lots

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    dbcoindbcoin Posts: 2,200 ✭✭


    << <i>

    << <i>Here's my theory: CLCT will enable Collectors Club members to list for free on Collectors Corner and fees will be less than Ebay's are. They are doing this now for Sports Cards. All payments are through PayPal. Fees are 2%-5%. The pilot in Sports Cards is through the Registry sets. You can list cards on Collectors Corner. If you have a "hole" in your Registry Set you get alerted when a card comes up for sale. >>



    In theory, the above arrangement is attractive for CC members, but if they as non-dealers provide too much competition for dealers that have an established niche at Collectors Corner, that spells trouble. The dealers who presently participate on Collectors Corner are there because they pay a subscription fee to CCE, which is much higher than what CC Platinum level members pay on an annual basis. >>



    They haven't announced it for coins... yet. Just cards. Collectors Corner only has FOUR (4) paying card members. Collectors Corner is not a big money maker for CLCT as it stands right now. I think it really could be if they get into auctions

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