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R&I Opens Online Coin Auction Site!
ultimatecameo
Posts: 244
R&I is now hosting the ONLY Ebay style auction site strictly made for numismatics!! Please visit us at:
www.ricoins.com/riauctions
Come buy, sell and trade all your numismatic items with us!
www.ricoins.com/riauctions
Come buy, sell and trade all your numismatic items with us!
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I want to sell them back but there seems to be no way to reach you...
Phone number is 831 656 7994.
All Cameo/UCAM proofs that were on your "highest tier" recommendations...
Would really appreciate a call.
V.r,
John
siliconvalleycoins.com
R&I
Joe.
Are you talking to me?
V.r,
John
siliconvalleycoins.com
There was a thread about the auctions yesterday. Not about them not returning phone calls. I've tried selling them coins and never got returned calls or emails. Have a feeling they get offered a lot of coins and focus more on selling then buying. You might have to just sell the coins on ebay.
Thanks, I was wondering how that thread had anything to do with R&I not calling me back.
Here is a question though, do you think that is good business?
John
siliconvalleycoins.com
I wish them success in their auction.
I don't know how you could have actually opened the site with that color scheme, unless, perhaps, you previewed and approved the Braille version
What about it R&I?
Can you give me a call and have me ship the coins to you for an offer?
siliconvalleycoins.com
<< <i>I guess this is a good time to ask you why you havent returned any of my phone calls about the franklin half dollars that my father bought from you.. I want to sell them back but there seems to be no way to reach you.... >>
John, perhaps Rick didn't receive your phone message. Hopefully he will see your reply in this thread and you can also PM him through the forum. Best of luck to each of you.
This might be a good example of the lack of a two way market in high grade moderns.
Sounds like there may be more "black-and-blue" when the CL gets done with him.
Cameron Kiefer
Spring National Battlefield Coin Show is September 5-7, 2024 at the Eisenhower Hotel in Gettysburg, PA. WWW.AmericasCoinShows.com
I think if he doesn't have time to call you he should have one of his employees call. Even to just say they have enough inventory and don't want to buy them.
Oh, yes, I can just hear the secretary now, "We only sell this crap. We do not buy it! Bwaaaaaah Hahahahahahah!"
I just want to give RT a chance to give me a call back and buy back all these coins that he sold my dad. He said that they were of the highest quality and eye appeal. Figure that a dealer would want to have that type of stuff in inventory.
I know that he is busy so I can wait a couple of days...
As far as the web auction site, I hope it is legit and works out as an alternate to sleazebay.
John
siliconvalleycoins.com
<< <i>I guess this is a good time to ask you why you havent returned any of my phone calls about the franklin half dollars that my father bought from you...
I want to sell them back but there seems to be no way to reach you...
Phone number is 831 656 7994.
All Cameo/UCAM proofs that were on your "highest tier" recommendations...
Would really appreciate a call.
V.r,
John >>
I've had the same experience with R&I. Even tried getting them to sell them on consignment. They were all high grade cameo halves that I paid well over several thousand each for.
Why wouldnt they take them on consignment or buy them back do you think??
Anyone else had this experience with R&I?
Vr,
John
siliconvalleycoins.com
I suspect that R&I looks at cameo coins submitted by dealers, picks out cameos that meet its criteria, pays some amount more than bid, submits large blocks of coins to TPG's for grading/slabbing and then markets the slabbed coins to its repeat customers at prices which are quite a bit higher than its purchase and slabbing costs.
Got to pay for the costs of doing business and have enough money left over to pay Uncle Sam, Uncle Arnold and your personal expenses. I do not think that R&I has a separate brick and mortar store location. Its operations must be done over the Internet and out of Tomaska's home or out of a small commercial space [not open to the public] that R&I rents.
Got to give R&I credit for promoting the modern cameo segment of the market. Tomaska's first book on 1950-70 cameos get me hooked on cameos. However, I have not yet bought a slabbed cameo. I prefer to cherry pick same. The cost is less and the thrill of the hunt for raw cameos [with the built in profit potential] makes for a fun way to spend liesure time and discretionary income.
Oh yeah, the R&I auction site is very hard on the eyes.
<< <i>Mintstate,
Why wouldnt they take them on consignment or buy them back do you think??
Anyone else had this experience with R&I?
Vr,
John >>
I don't know John. I was told to send them in for evaluation, and nothing was ever done with them. After 3 or 4 months, I had to ask for them back. He said he still hadn't looked at them. He hadn't had the time.
siliconvalleycoins.com
Why would I want to sell a coin with the new R&I site (with perhaps 100 visitors) when I can sell on ebay where so many more people will see it?
“In matters of style, swim with the current; in matters of principle, stand like a rock." - Thomas Jefferson
My digital cameo album 1950-64 Cameos - take a look!
<< <i>Why would I want to sell a coin with the new R&I site (with perhaps 100 visitors) when I can sell on ebay where so many more people will see it? >>
That's what it comes down to. You have to offer people an incentive to sign up. The owner should throw up some really nice coins and start the auctions at a penny to get the ball rolling. If they go for peanuts it will serve as a great promotion; people will start talking and traffic will grow.
Couple days i get the replacement,no questions asked.
Spring National Battlefield Coin Show is September 5-7, 2024 at the Eisenhower Hotel in Gettysburg, PA. WWW.AmericasCoinShows.com
A positive comment, in this forum- how did that happen. I too hope it works out for him.
As far as their new auction site goes, I wish them luck and hope it does well.
I would not buy coins from a dealer who would not be interested in buying them back. Period.
<< <i>I would not buy coins from a dealer who would not be interested in buying them back. Period. >>
You got that right!
New collectors, please educate yourself before spending money on coins; there are people who believe that using numismatic knowledge to rip the naïve is what this hobby is all about.
<< <i>That site is really painful to look at
I don't know how you could have actually opened the site with that color scheme, unless, perhaps, you previewed and approved the Braille version >>
I emailed about that painful blue font......reply was that the fix is in the works.
Herb
<< <i>I sold a coin! I sold a coin! It works for me!!! >>
I bought a coin! I bought a coin! It works for me!!! >>
Herb
siliconvalleycoins.com
Give it a thought.
Smitty
I guess they do not want to answer your concerns here. I would put them on the small list of firms NOT getting my business.
<< <i>It is free to list!! >>
Then please explain to me what the 75c "flat insertion fee" is. Thanks for your time--
It is like I am talking to a brick wall...
John
siliconvalleycoins.com
flat insertion fee .75 20.00
renew auction fee .50 2.00
home page feature 20.00 20.00
bold title .50 .50
attention getters 1.00 1.00
pictures 1st free/ .10 each after free
better placement 5.00 10.00
Please tell how this is free.
Smitty
Besides the additional fees, how is an "RT Recommended Auction" a "recommended" one? That is, besides the additional monies into your wallet, what qualifies an auction to be "recommended" by you? Is there some qualitative criterion for this recommendation?
EVP
How does one get a hater to stop hating?
I can be reached at evillageprowler@gmail.com
siliconvalleycoins.com
<< <i>Mr. Tomaszka,
Besides the additional fees, how is an "RT Recommended Auction" a "recommended" one? That is, besides the additional monies into your wallet, what qualifies an auction to be "recommended" by you? Is there some qualitative criterion for this recommendation?
EVP >>
Good question. I was wondering the same thing, myself...
Well, that should be easy to prove or disprove. If the slab number is the same as when you sold the coin, it was not dipped in acid. Unless, of course, R&I dipped the coin in acid.
JM, I would suggest reporting R&I to the PNG, but, oops, they are not members of the PNG. Doubt that they will be if this is how they behave. I agree, bad for the hobby and especially bad for collectors of Frankies, cameos, moderns, etc.
Sounds like Coinlieutenant is pretty frustrated to be dragging that stuff out here in public.. maybe if his questions were addressed earlier it would have stayed in private the way it should be?
<< <i>For a coin to be listed under RT Recommended it must be a exceptional coin for it's respected date and grade, AND it must be sent to our office in San Diego area so Rick can personally inspect the coin and deem it worthy. The cost is for shipping the coin back to you (with insurance), and for Rick's valuable time. The benefit of having a RT status on your coin is this: Anyone who has bought a Rick Tomaska Recommended coin KNOWS 100% that they are getting a coin worthy of their money. If sed person were to send their coin in, have it approved, then have it sent back, their coin would appear in its own RT Recomended section and any buyer would know that it is the real deal. Now, i do not recommend sending in a 15 dollar coin into us, having it denied, then be left with a 20 dollar bill to pay... this is a feature for people who wish to sell coins for 500$+ and want to give the buyer insurance, for what they are buying. >>
Sounds extremely subjective. What recourse is for the buyer if they don't agree with the RT recommended assessment? What guarantees are in place?
If I bought a 10000$ 1950 Proof 67CAM Frankie from you that was a RT recommended....kept it for two years....and wanted to sell it back...assuming the market had not changed at all, what would you pay?
J
siliconvalleycoins.com