eBay Gold Coins – Mistakes to Avoid!

Gold Coins for Sale

A mere keyword search of “gold coins” on eBay returns thousands if not more of lots offered for sale on this largest in the world online marketplace While eBay remains one of the most popular and safest online places to buy various gold coins from sellers all over the world, there are a lot of things to watch out for on this otherwise safe market grounds.

At any given time, eBay customers can choose from almost 4,000 gold coin auctions and fixed price listings to find the most valuable and desirable piece for each and every numismatist. Among this plethora of honest and reputable sellers, you are bound to run into a few sellers who might not be offering what is claimed in their listing. Among eBay gold coins sellers you will see those who offer coins as a full time business, others will be part time or hobbyist coin sellers. Unfortunately, some of the eBay gold coins sellers are scam artists preying on inexperienced collectors or investors.

Let’s take a look at some of the most common mistakes to avoid when buying eBay gold coins.

Rare Coins Scams. If you are on the market searching for rare gold coins, watch out! In fact, a bear share of eBay gold coins scams revolves around the rarity of coins offered for sale. There’s nothing wrong with buying rare coins on eBay, the problem lies with sellers who claim certain coins are rare while they are not and could simply be purchased off the US Mint website without any bidding wars. Educate yourself about which coins are truly rare and which characteristics they must have to be qualified so. Gets a subscription to Coins World or various coin forums offering a plethora of information on the subject.

Wrongful Claims. Another big cut of eBay sellers to watch out for are those who claim they are not really coin collectors therefore waiving all responsibility for presenting a detailed description about the coin in the listing. The truth is: it does not matter if you are a coin collector or not, what matter is that you are not disclosing the information your buyers have the right to know before buying. Stay away from sellers who present very little information in the listing claiming “what you see is what you get” because there might be more truth to the story. Additionally, stay away from poor coin images or so called stock photos. Only clear, close up and well focused images allow potential buyers to assess the actual condition, specifications and details of the eBay gold coins. If you are a type of collector who likes to carefully examine, touch and feel your potential gold coin purchase, eBay is not the place to acquire your next collection piece since you can only see photos of coins that are sometimes of inferior quality.

Raw Coins. Different from certified gold coins, raw coins are defined as those without proper and official certification from reputable coin grading agencies like NGC or PCGS, to name a few. Having official certification guarantees the exact grade and condition so there’s not “guesstimate” on the value of the coins. The dangers of buying raw eBay gold coins are lurking in what you are not told in the description of the listing. Coins could have been cleaned significantly lowering their value, altered in some ways, might have scratches or dents once again affecting their value. Buying raw coins for novice collectors is like stepping in unknown waters and being swept away by the tide.

Reserve Auctions. Purchasing gold coins on eBay with reserve auctions is not always advantageous for the buyers. On the contrary, eBay reserve auctions exist to protect sellers from being forced to sell too low. The general rule is to stay away from reserve eBay auctions as it might simply be a waste of time to bid, win an auction but never actually receive your coin due to a reserve limit not being met.

On the bright side, there are plenty of benefits of buying coins off eBay for many reasons. eBay is one of the safest online auctions to buy any type of coins, including certified or gold proof coins due to its sophisticated feedback system. It’s essential to buy eBay gold coins only from sellers with high feedback scores to ensure authenticity and customer satisfaction. Pay Pal payment system is the only accepted way of payment on eBay that guarantees 100% buyer satisfaction.

eBay selection is not limited to gold coins, here you can also bid on other rare collectible pieces like gold coin pendants and gold coin rings. eBay is the place to buy rare historical gold coins from all over the world, especially coins rescued from shipwrecks at a competitive price. Only you decide which bid amount to place and when to stop bidding. This guarantees that sooner or later you will get a great gold coin for an excellent price.

Sellers’ mistakes do happen on eBay. When buying eBay gold coins, take care to inspect your purchases carefully upon delivery and let the seller know if the coin you received is not the same one that you had actually been bidding on.

eBay could be a great place for some collectors to acquire gold coins of all sorts. However, taking into consideration all the mistakes of buying eBay gold coins only from sellers with the highest feedback score will almost always guarantee buyers’ satisfaction and add great pieces into your collection. eBay gold coins will not only provide a great investment into their actual gold value but will come with an added bonus of collectability value.