Investing in Gold: Online auctions may not bring the best price for coins
Investing in Gold: Online auctions may not bring the best price for coinsBy Allen Rowe For the Nevada Appeal Over the last two decades, the Internet has spurred a new craze: online auctions. But, there are advantages to doing business the old-fashioned way with an established business.At first, the Internet auctions were a tough place to sell coins as there were very few bidders. Then a tidal wave ensued and the number of people buying and selling online flooded in. Just as a tidal wave is indiscriminate, so was this new phenomenon. Not only did it sweep in good buyers and sellers, but also an ever-growing unethical element. Online auctions have morphed into not only a new selling ground, but also the devil's playground for those looking to make a quick buck. Counterfeits, over-graded or over-stated coins, stolen goods, and people selling things that they will never deliver are some of the pitfalls that have been spawned in this anonymous venue. So what does this mean for a seller today? A few years ago people were selling anything and everything for good money online, but as bu