So TeleTrade is now using "Stock Photos" as well,,,,,

GRANDAM · February 10, 2012 1:17AM

Pulled from Teletrade Web Site "Cert. number may vary from photo"

Is everybody just getting too lazy to take the photos? If I am buying a coin I want to see the EXACT coin I am bidding on

Come on,,,,,,,, all coins are not created equal even if the label says that they are. While (2) coins may have the same grade on the label they can be vastly different. One coin may have light tone and YOU may like that. However I want a BLAST WHITE Coin so I really want to see the exact coin that I am bidding on. Some coins may have small spots or haze and I sure don't want a spotted coin when the photo shows a clean coin.

I have already seen this happen on another Auction Site

GrandAm

georgiacop50 · February 10, 2012 1:19AM

Suks big time!

DavidLawrence · February 10, 2012 1:43AM

No stock photos for us at DLRC. It costs us a lot of extra money (and time!) to image each coin, but experience has taught us that collectors want to see the coin they are buying.

drei3ree · February 10, 2012 2:01AM

There's not a lot of luster in those DLRC photos...

mingot · February 10, 2012 2:07AM

<< No stock photos for us at DLRC. It costs us a lot of extra money (and time!) to image each coin, but experience has taught us that collectors want to see the coin they are buying. >>

Real photos are appreciated, but DLRCs are not very good.

DoubleEagle59 · February 10, 2012 2:09AM

Two points I'd like to respond to:

1) stock photos are absolutely useless when selling over the internet. Don't even post a picture if you're using a stock picture.

2) and to DLRC, respectfully I say your pictures do need a little improving in regards to the 'life' of the coin or luster. I'm sure it would help with sales.

georgiacop50 · February 10, 2012 2:34AM

Strikes me as a little distasteful to come into a Teletrade bash thread and promote DLRC.

Kind of like the political ads we get subjected to on TV.

DIMEMAN · February 10, 2012 2:47AM

Do they say stock photo? I don't think I have ever seen one??

BAJJERFAN · February 10, 2012 2:51AM

<< Pulled from Teletrade Web Site "Cert. number may vary from photo"

Is everybody just getting too lazy to take the photos? If I am buying a coin I want to see the EXACT coin I am bidding on

Come on,,,,,,,, all coins are not created equal even if the label says that they are. While (2) coins may have the same grade on the label they can be vastly different. One coin may have light tone and YOU may like that. However I want a BLAST WHITE Coin so I really want to see the exact coin that I am bidding on. Some coins may have small spots or haze and I sure don't want a spotted coin when the photo shows a clean coin.

I have already seen this happen on another Auction Site

GrandAm

>>

So exactly what coins are being stock photo'd?

GRANDAM · February 10, 2012 2:57AM

My intent is not to "BASH Teletrade" but to hopefully get them to see the light.

I have purtchased many, many coins from them starting way back when you got a paper catalog in the mail with photos of the coins and bid over telephone lines,,,,, before there was internet bidding.

I can see that to a corporate executive this using stock photos might seem like a reasonable money saving idea.

He may think "Heck they are all the same anyway" Problem is the buyers don't feel that way. And it seems that a seller needs the buyers if he is to run a profitable business.

Coin Collectors are a strange bird. We want to examine every little nook and cranny and the surface of a coin we are interested in. We want to see the actual coin FOR SALE,,,,,,, not a "Stock Photo" I suspect that most of us know what the basic design is of a coin we are interested in buying is. We don't need your "Stock Photos" to show us that.

By using "Stock Photos" you may save a nickel and throw away a dollar. (Ok, I stold that line from the Shipping Wars Guy)

I know I have and will certainely pass on bidding on "Stock Photo" Coins or at the very least greatly reduce the maxium bid that I will put in.

Also I believe that if you use "Stock Photos" you would have to offer a return right and the cost involved with that would surely be many times the amount saved by not clicking a couple of photos.

I mean really,,,, you already have the camera equipment and the guy to use it,,,,,,,,, just snap the photos and be done with it.

It will be much better for your bottom line in the long run than the saving a nickel by using "Stock Photos"

I believe this is a very new policy? I don't believe "Stock Photos" were used before TeleTrade updated their Web Site did they???

In conclusion I would just like to say that TeleTrade has always been a GOOD Company to do busines with BUT this "Stock Photos" usage is a BAD IDEA for them and for us coin buyers.

I will now step down from my SOAP BOX

JMHO, GrandAm

I have noticed the "Stock Photos" on Modern Commemorative Gold. And NO they are not all the same.

DennisH · February 10, 2012 3:04AM

Hey Teletrade: So help me, I will NEVER bid on anything in one of your auctions that uses a stock photo.

GRANDAM · February 10, 2012 3:11AM

Modern Gold Commemoratives Long Pages
Next Page

Lot Image Description Track Track
2561
2007W Abigail Adams $10 NGC 70 Cert. number may vary from photo

2562
2007W Proof Abigail Adams $10 NGC 70 Cert. number may vary from photo Ultra Cam

2563
2010W Abigail Fillmore $10 NGC 70 Cert. number may vary from photo

2564
2010W Proof Abigail Fillmore $10 NGC 70 Cert. number may vary from photo Ultra Cam

2565
2009W Anna Harrison $10 NGC 70 Cert. number may vary from photo

2566
2009W Proof Anna Harrison $10 NGC 70 Cert. number may vary from photo Ultra Cam

2567
2008W Bald Eagle $5 NGC 70 Cert. number may vary from photo

2568
2008W Proof Bald Eagle $5 NGC 70 Cert. number may vary from photo Ultra Cam

2569
2010W Buchanan's Liberty $10 NGC 70 Cert. number may vary from photo

2570
2010W Proof Buchanan's Liberty $10 NGC 70 Cert. number may vary from photo Ultra Cam

2571
1995W Civil War $5 NGC 70 Cert. number may vary from photo

2572
1995W Proof Civil War $5 NGC 70 Cert. number may vary from photo Ultra Cam

2573
1987W Constitution $5 NGC 70 Cert. number may vary from photo

2574
1987W Proof Constitution $5 NGC 70 Cert. number may vary from photo Ultra Cam

2575
1992W Proof Columbus $5 PCGS 69 DCAM

2576
1992W Columbus $5 NGC 70 Cert. number may vary from photo

2577
1992W Proof Columbus $5 NGC 70 Cert. number may vary from photo Ultra Cam

2578
1989W Congress $5 NGC 70 Cert. number may vary from photo

2579
1989W Proof Congress $5 NGC 70 Cert. number may vary from photo Ultra Cam

2580
2001W Capitol Visitors Center $5 NGC 70 Cert. number may vary from photo

2581
2001W Proof Capitol Visitors Center $5 NGC 70 Cert. number may vary from photo Ultra Cam

2582
2007W Dolley Madison $10 NGC 70 Cert. number may vary from photo

2583
2007W Proof Dolley Madison $10 NGC 70 Cert. number may vary from photo Ultra Cam

2584
2011W Eliza Johnson $10 NGC 70 Cert. number may vary from photo

2585
2011W Proof Eliza Johnson $10 NGC 70 Cert. number may vary from photo Ultra Cam

2586
2008W Elizabeth Monroe $10 NGC 70 Cert. number may vary from photo

2587
2008W Proof Elizabeth Monroe $10 NGC 70 Cert. number may vary from photo Ultra Cam

2588
1997W Proof F.D.R. $5 NGC 70 Cert. number may vary from photo Ultra Cam

2589
2003W First Flight $10 PCGS 69

2590
2003W Proof First Flight $10 PCGS 69 DCAM

wondercoin · February 10, 2012 3:20AM

"2575 1992W Proof Columbus $5 PCGS 69 DCAM"

So, coins worth a couple dollars above melt are getting their own photos, but coins worth upwards of thousands of dollars above melt are not? All in the same auction one or two lots apart?

I put a call into Teletrade this morning to get a better understanding of what is behind this particular situation. In the meantime, as usual, all of my consigned coins are pictured ... and pictured better than ever actually!

Wondercoin

RichieURich · February 10, 2012 3:22AM

<< Hey Teletrade: So help me, I will NEVER bid on anything in one of your auctions that uses a stock photo. >>

If I wanted a stock photo, I would buy stock from a stock exchange, or livestock, but certainly NOT coins!

GRANDAM · February 10, 2012 3:24AM

Auction 3223 - Sunday, February 12, 2012 Lot 2605

Modern Gold Commemorative 1997W Jackie Robinson $5 NGC 70 Cert. number may vary from photo

This coin isn't exactly "CHUMP CHANGE" and it is a "Cert. number may vary from photo" coin

This is a bad move.

GrandAm

Modern Gold Commemorative 1997W Jackie Robinson $5 PCGS 69 Cert. number may vary from photo - it would seem it is being done on MS69 coins as well.

Auction 3223 Lot#2604

wondercoin · February 10, 2012 3:39AM

Grandam: What is the point of your last post that was not made in your (3) previous postings? You read mine right?

Wondercoin

Tiny · February 10, 2012 3:59AM

<< There's not a lot of luster in those DLRC photos... >>

Really, I thought they were scans not actual pictures, atleast on eBay it seems. On your web page it might be different.

OldEastside · February 10, 2012 4:04AM

<< Hey Teletrade: So help me, I will NEVER bid on anything in one of your auctions that uses a stock photo. >>

Steve

Teletrade · February 10, 2012 4:31AM

Attention: Collectors Forum Member

I would first like to thank everyone for all of their feedback regarding our recent website launch, we are proud to say we have already made some changes that customers have requested, such as the link color highlight feature. In regards to “Cert. Number may vary from photo”; Teletrade has started using stock photo’s for only some specific modern MS 70 and PF 70 material in an effort to continue to show the diversity of coins that are readily available through Teletrade consignors. If any coins that are bought with “Cert Number may Vary from Photo” are deemed not acceptable by the winning bidder, we offer a no questions asked Return Policy for all coins sold by Teletrade (Click Here). During 2011, Teletrade listed and imaged 232,183 coins and we will continue to do this for all coins that do not have the “stock” disclaimer and are committed to providing our customers with world class photos.

Thanks

Corey, Brian and Teletrade Staff

GRANDAM · February 10, 2012 4:37AM

<< Grandam: What is the point of your last post that was not made in your (3) previous postings? You read mine right?

Wondercoin >>

I was just showing a high dollar coin that was using stock Photos.

I came upon that coin and since it is the KEY Coin I posted it.

Tiny · February 10, 2012 4:57AM

Well all nice and comfty but who's paying the return postage and hassel of going to the post office
to return a stock photo coin, y"all? I guess you miss the people saying would not bid on stock photo auctions.

And by the way to swoop in on a Teletrade post with how you don't use stock photos at DLRC was kind of TACKY. MOO

DavidLawrence · February 10, 2012 5:23AM

I apologize if anyone here was offended that I commented on the post. It was not my intention to "swoop" in on a negative thread. I thought it would be insightful to readers that we had considered the same option (recently) but decided against using stock photos. It is very costly to do these and I understand why Teletrade would -- especially given their volume. I mean the folks at TT no ill will or perception, especially as I consider DLRC and the entire Spectrum companies to be friends. We do a LOT of business together.

golfer72 · February 10, 2012 5:44AM

Stock photos are a non-starter. I can almost see them though on MS-70 Moderns ( they are all the same anyway if not toned). I doubt TT will use them on anything other than those types of coins.

jesbroken · February 10, 2012 5:46AM

Sometimes large companies make decisions based solely on bean counter's expense reports. If in an arena that is not very product specific suchas ears of corn, then these decisions, while less than
beneficial to the buying public may still not affect the purchasing habits of the public. Yet, when these decisions affect extremely product specific items such as coins, stamps, or other collectibles that
are purchased mostly due to their individual looks, then it can devastate the companies bottom line by causing a loss of customer respect and obviously purchases. I realize that their are companies in the collectibles
markets that want to push buying items sight unseen, I just do not think it overly bright nor conducive to longrun success in the marketplace.
I believe that TeleTrade will regret this action and soon discontinue it. JMHO
Jim

wondercoin · February 10, 2012 5:54AM

Bottom line .... I drop off coins at Teletrade just like everyone else and ALL of my coins are photographed ... no ifs, ands or buts (except where I drop off bulk lots of 10, 20 or 30 of the same coin and I believe they only photograph a max of 6 different pieces per lot... which has been the case for years).

From what I have seen so far, the lions share of the coins with the "stock photo" are simply modern "widgets" ... coins that trade sight-unseen all day long on the dealer networks and/or coins that have sight-unseen buy prices. And, yes, even JR $5 Gold NGC-MS70 coins are traded sight-unseen as an extreme example of higher value moderns selling just like sight-unseen MS66 Saints trade (especially CAC'ed coins). In theory, these modern coins do not even need to be sitting at Teletrade at the time of sale ... they can simply be offering in their auction a few of this and that from a dealer's existing stock of (50) or (100) pieces. Of course, an auction company would need to be VERY careful to only deal with the "cream of the crop" consignors with this type of arrangement to ensure product that was sold was available on the spot for winning bidders. In the worst, worst case, an auction company could probably pick up the phone and call me, DLRC or any number of modern coin sellers and fill an order in about 10 minutes on the type of coins I see being offered with the stock photos thus far.

I have no doubt many bidders might be turned off by this approach and only want to buy the coins they can see nice pictures of ... and that is great, because as I mentioned before 100% of my consignments fit that bill. But, there are other bidders who care ONLY about price (I speak with them nearly every day and as strange as it sounds to many of us here, you can count on it being the case). If they can buy the "stock photo" coin for 5% or 10% less and it says NGC or PCGS on the holder, they are in. I can understand an auction company wanting to try to get a piece of that "action" as well. In fact, I predict you may see more and more auction companies utilizing this approach with more and more coins as time goes on. Heck, I am sitting on some slabbed product where I have (50) or (100) units in stock. I might even let an auction company loose in the near future and tell them they can sell (10) or (20) of this or that for me using stock photos. Worst case, the coins don't sell.

Wondercoin

georgiacop50 · February 10, 2012 7:42AM

<< My intent is not to "BASH Teletrade" but to hopefully get them to see the light.

>>

Apologies. I wasn't implicating YOU for any wrongdoing Gary, rather it is just that I have observed that most Teletrade themed threads generally devolve (unfairly) into a "pile-on".

Teletrade · February 10, 2012 9:10AM

Teletrade is offering FREE SHIPPING for this Sunday's auction #3223.

Auction 3223

azxc · February 10, 2012 1:31PM

Been a fan of toned coins I don't see myself bidding on anything with generic images. Pretty sad too, I kind of like the Teletrade site.

So TeleTrade is now using "Stock Photos" as well,,,,,

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So TeleTrade is now using &quot;Stock Photos&quot; as well,,,,,

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So TeleTrade is now using "Stock Photos" as well,,,,,