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Wednesday, February 15, 2006

Silver Coins on eBay

There are literally thousands of silver coins on eBay.

Simply entering the phase, ‘silver coins’ will net you around a thousand pages of silver coins.

So there is no shortage of them.

As there is so many available tt is important to really know what coins you wish to collect and how much you are willing to pay for them., This should be established before you even start looking. Then you can enter the exact coin specifications in the search field and avoid ploughing through thousands of coins that you are uninterested in.

For example if you enter, ‘American silver eagles’ in the search field you will get only American silver eagles and not thousands of nickels and dimes and other coins.

Some of the important points to keep in mind when buying silver coins on eBay are.

Read all the information the seller supplies, including any terms of sale.

Although it is likely you will be looking for specific coins perhaps, pick a seller that has at least 100 feedbacks and the positive feedback is at least 98 percent.

Better of course to get a power seller with 100 percent feedback. They are people that are interested in looking after their customers. Their business is selling on eBay and cannot afford to have negative feedback.

Ensure that the seller is willing to ship to wherever you are. Some will only ship to their country of residence.

Find out what the shipping and insurance costs are. Sometimes the shipping and insurance costs outweigh the value of the coin.

Many have a buy it now price. This means that instead of bidding, if you really want that item, you can select the buy it now button at the bottom of the page, buy the item immediately and bypass the bidding process.

If you have a query about the item for sale always ask the seller. Most of them are happy to answer questions.

Check they have a guarantee and that the cons are packaged correctly and not loose. Loose coins are virtually worthless unless extremely rare and even these would be packaged to protect them.

Rare expensive coins should come with a guarantee or a certificate of authenticity.

It can be great fun buying silver coins on eBay and there are some good deals to be made, provided you follow the guidelines above and do your due diligence!

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