Teletrade getting heavy into world coins???

MrOrganic · February 9, 2012 6:52AM

http://www.teletrade.com/coins/cat.asp?aucnear=3223&auction=3223&group_id=-1

big modern china section

SaorAlba · February 9, 2012 6:54AM

I have always thought foreign(my lightside) was a bit out of focus on TT. Not that I mind though, I have bought foreign gold several times at 50-75% of spot.

Pokermandude · February 9, 2012 9:03AM

<< <i>I have bought foreign gold several times at 50-75% of spot. >>

I've been looking more at foreign gold lately as well. Was at a shop the other day and he had quite a good selection of various world gold priced at BV + 50-60%.

My investor side has a tough time buying gold priced like that. It's not really bullion, and if/when the spot price of gold goes up, those premiums will shrink. But then again if gold drops, the premium will stay the same/even increase.

I suppose in either case the world gold would out preform most other coins I buy

Though you have to wonder at what price dealers will buy them back at. Probably right around spot

GolfguyinTX · February 9, 2012 9:36AM

It's a good move on their part if it is a concerted effort.

NumbersUsacom · February 9, 2012 10:41AM

Its about time. This is a huge market and a Lot of Very COOL Coins, Medals, and Tokens to appreciate.

Hussulo · February 10, 2012 2:18AM

Hopefully soon they will allow bidders outside of the US as well.

MrOrganic · February 11, 2012 2:12AM

<< <i>Hopefully soon they will allow bidders outside of the US as well. >>

I was surprised at that also. right now they allow U.S. & canada

MagnaDealer · February 11, 2012 7:31AM

once they expand out of us and Canada I can see Teletrade becoming a very big competitor for heritage.

This sunday is the new Emperor collection up for bid should be some very interesting and high grade coins.

ormandh · February 11, 2012 8:21AM

I can get raw gold at just over spot, but there are some better earlier date slabs that dealers want WAY too much money for. I will have to look into TT! -Dan

MrOrganic · February 11, 2012 11:58PM

<< <i>I can get raw gold at just over spot, but there are some better earlier date slabs that dealers want WAY too much money for. I will have to look into TT! -Dan >>

This will be interesting since there beating the big boys in every sense....BP, shipping,CC amounts,etc

wybrit · February 12, 2012 12:16AM

Probably I'm missing something, but IMO it pretty much looks the same as it has for years as far as world coins are concerned.

ajaan · February 12, 2012 12:58AM

<< <i>Probably I'm missing something, but IMO it pretty much looks the same as it has for years as far as world coins are concerned. >>

I agree and the reserves are so high that the vast majority of the coins don't even sell. Just look at the prices realized page the next day and you'll see all the coins that didn't sell.

MrOrganic · February 13, 2012 3:40PM

High to resell or high for collectors???

MagnaDealer · February 14, 2012 3:56AM

The reserves might be a little higher but I just recently talked to heritage and they raised there buyers premium to 25% across the board. at that percentage i feel like they are steeling my money!!

MrOrganic · February 16, 2012 4:55AM

finally got an answer

25% for art, jewelry,etc

15% on u.s. & world (except 2 particular auctions) then its 18% i think

Heritage

wybrit · February 16, 2012 11:51AM

The reserves might be a little higher but I just recently talked to heritage and they raised there buyers premium to 25% across the board. at that percentage i feel like they are steeling my money!!

Please show me where it says that. I see 15% on their current auctions.

NumbersUsacom · February 16, 2012 4:21PM

Heritage also has so much business now that their auctions run into the wee hours of the night and make it really tough if you are trying to bid live
and the consignors whose inventory shows up at that time must surley take somewhat of a beating. To much of the market share may not be a good thing in this instance
for buyers and consigners.

MrOrganic · February 17, 2012 1:00AM

good point

MagnaDealer · February 18, 2012 10:57AM

...anyone else get a rush from bidding in auctions?? lol

Teletrade getting heavy into world coins???

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