David Lawrence Auction Experience

malachi555 · October 16, 2007 1:39PM

Anybody every use David Lawrence's auction site? It seems like bids start a little high for many of the coins, but I am unfamiliar with how well they sell there. I did see a whole slew of his coins go unsold on eBay yesterday. I was interested in a couple, but it concerns me when I can't see the market float the price. Any thoughts?

Unknown · October 16, 2007 1:41PM

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doh · October 16, 2007 1:43PM

I've never sold anything through DL, but I've bought two coins through their auctions. I got a great deal on an 1876 20 cent and also bought an 1879-CC Morgan. I thought I might have overpaid for the 79-CC, but I really like the coin so it's okay. So yes, they have their reserves a little high I think, but I know a lot of people check out the site. Pretty quick turn around and the coins are true to the pics.

DUIGUY · October 16, 2007 1:49PM

I have had nothing but great dealings with DLRC .

fc · October 16, 2007 1:51PM

i check their website once a month.

over the last years i have bought a few coins from them.

everytime i get what i paid for with no hassles.

beware of overpaying though. make sure you really want it.
call them and ask them about the coin in detail. make a list
of your questions.

bestday · October 16, 2007 1:52PM

<< <i>I have had nothing but great dealings with DLRC .

>>

Top line company ..excellent customer service

Mercury · October 16, 2007 1:53PM

I have not sold anything with them, however, I have bought several coins from them. You will not get anything from them as a deal. They do however sell coins at a fair price. Be sure you know what it is worth and watch out for coins that keep showing up at each auction until they sell.

Mercury

thecointrader · October 16, 2007 1:56PM

Never sold thru DL, but I have made occasional purchases there.

Reserves tend to come in on the high side, but I've never been misled by the descriptions. Shipping has been faster than Heritage, except once when I was on vacation and dropped a check in the mail, which is understandable.

On direct sale listings from their site (non-auction listings), I've found that if I send an offer of 5-6% below the asking price, it will often be accepted. After a couple of auction wins, DL sent me a coupon for 6% off a non-auction purchase from their site.

My only real complaint is the high reserves, but I guess I've been spoiled by the pre-bull market.

mrearlygold · October 16, 2007 1:58PM

Try Bowers and Merena

TomB · October 16, 2007 2:00PM

I've dealt with DLRC since the time where they only sold raw Barber coinage and before they sold slabs. This was when David Feigenbaum was still running the show, however, since his death his son John has been the President of the company and I have continued to do business with them. In my experiences they have always shipped quickly, been courteous, paid strong and offered generous auction terms.

TheLiberator · October 16, 2007 2:03PM

While I think they are a great company, I stopped looking when they went to auction format. I go to a dealer's site so I do not HAVE to wait for an auction to end. I think folks end up overpaying for common coins. (I Know I have before!)

However, they have a nice prices realized display next to each coin at auction which is very cool.

123cents · October 16, 2007 2:05PM

Won one auction and had no problems.

19Lyds · October 16, 2007 2:09PM

The only problem I have with DLRC is the fact that their web site is super slow! It takes forever for pages to load!

Other than that, I have had nothing but good, satisfying experiences with them!

shuckins · October 16, 2007 2:15PM

<< I have had nothing but great dealings with DLRC . >>

Top line company ..excellent customer service

malachi555 · October 16, 2007 2:55PM

Thanks for all of your responses! It seems like the opinions here are overwhelmingly positive. I know I've seen many great coins on the site, but have been afraid to pull the trigger yet. I think I'll continue to watch over the next few months to get a feel for how well the lots do.

DUIGUY · October 16, 2007 3:40PM

<< <i>Thanks for all of your responses! It seems like the opinions here are overwhelmingly positive. I know I've seen many great coins on the site, but have been afraid to pull the trigger yet. I think I'll continue to watch over the next few months to get a feel for how well the lots do. >>

Another " STELLER" dealer to deal with is RCNH, (Rare coins of New Hampshire) . Jon and Warren are great ! Just tell them what you are looking for and you will not be dissapointed. Another dealer which I think I cannot mention here is "STELLER" also ,

Myqqy · October 16, 2007 4:27PM

I've been very happy with the 2 or 3 coins I've picked up from them....

roadrunner · October 17, 2007 12:20AM

My only deal was one unsatisfactory auction experience purchasing one lot. The follow up customer service was not impressive. Haven't been back since.

roadrunner

Rupert305 · October 17, 2007 1:51AM

I bought one coin from them through auction for about half of what they sell on E-Bay for. No problems and fast shipping.

Dave99B · October 17, 2007 5:00AM

I generally like DLRC. I prefer their regular ‘for sale’ listings over their auction site.

Three small complaints:

1) Slow website. It's over-engineered, and should be simplified.

2) Their images don't represent the coin very well. Sometimes the coin is better, sometimes the image is. I can't get a handle on them.

3) I wish they still handled raw Barber material. They used to have a great selection!

Overall, a 1st class outfit. I have dealt with them for almost 20 years.

Dave

Elcontador · October 17, 2007 5:10AM

I've only had one experience with DLRC. I bought from their dealer side. The coin was okay for the grade. It was accurately described (they told me about a hairline scratch on the coin which did not show up on its image and could only be seen if you tilted the coin at a specific angle) and the price was fair.

Customer service was good and I got my coin quickly upon payment with my c/c.

Based on my experience, I don't think you're going to get any great deals from them, but you'll know what you are getting and get it at a fair price if you know what you are doing. I would do business with them again.

Longacre · October 17, 2007 5:11AM

I have had good experiences with them, and I second the comment about the excessively sloooooooooooow website. I frequently give up trying to find coins because the site is too slow to deal with.

Barndog · October 17, 2007 5:20AM

the slow website scares me from a "potential consignor" point-of-view. I am sure consignors lose bids when the website slows to a crawl near auction closing time.

19Lyds · October 17, 2007 5:40AM

<< <i>
2) Their images don't represent the coin very well. Sometimes the coin is better, sometimes the image is. I can't get a handle on them.
>>

I agree! I purchased a 1972 Type 2 IKE in AU55 and the coin appeared brown on their website. When it arrived it was a beautifully toned sintered planchet!

KentuckyJ · October 17, 2007 6:24AM

We've bought from them many times and have consigned coins to them twice. The few problems we've encountered, over a period of several years, have always been taken care of promptly and courteously to our complete satisfaction. The DLRC GAP (Guaranteed Auction Program) works exactly as advertised. If the coin sells over the reserve by any amount they give you the full hammer price.

My only complaint is how slow the DLRC website has become. There are many times now I will move on instead of waiting for a DLRC search or DLRC page to load.

For buying online, DLRC is right up there at the top, IMHO.

KJ

David Lawrence Auction Experience

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