When you are looking to buy and sell coins, especially rare coins, auction sales may be one of your best options.  Your Michigan coin dealer can help you locate the coin auctions that are most likely to include rare specimens that you might be interested in.  If you are in a hurry to get your rare coin, then you should know that many of the online auctions may take 3-4 months to close a sale on a rare coin, because processing the bids can take a long time, and they auction site may keep the bidding process open for a long time to see what the best price that they can get might be.

There are several advantages to bidding for rare coins through online auctions.  It is common for deals to fall through, so even if you are not the highest bidder, if those higher bids fall through then you may be able to get that rare coin that you were hoping to obtain, and still pay the price that you were willing to pay.  Your Michigan coin dealer can help you to follow the bidding process and can help you learn when the bidding process re-opens and you would be able to resubmit your bid and possibly win the item.

Because contracts are a part of any online auction, if you want to buy and sell coins this way then you can ensure that the transaction will be legitimate and legal (providing you use a reputable auction site for your deals).  This can help you feel more secure about placing a bid on an item that you have never actually seen in person.

When you win a bid, you will be expected to put down a deposit that equals some percentage of the purchase price.  The amount will vary depending on the price of the coin.

Working with a Michigan coin dealer will help you to avoid fraudulent deals when you buy and sell coins, so it is important that you work with an expert unless you are extremely experienced in the coin auction process.

Accessibility Toolbar