| If you are a coin collector who wants to sell or | | | | may also be sent to those who have purchased |
| buy coins, one good way to do it is through coin | | | | from them in the past. |
| auctions or bidding. | | | | 2. Phone auctions |
| Coin auctions provide the best ways to obtain | | | | These auctions are conducted by phone. Just like |
| coins that have remarkable values. Coin auctions | | | | the mail bidding, phone auctions must observe the |
| are the primary source of rare coins because | | | | rules and regulations that are to be followed. |
| most rare coin collectors want to sell their | | | | Once the highest bid is identified, the item goes to |
| treasures to the highest bidder. | | | | the winner. However, there are some instances |
| Unlike the typical way of selling and buying coins, | | | | when people may ask the seller for an |
| coin auctions entail some rules and regulations for | | | | approximate selling price but the rules still remain |
| both the bidder and the seller that they must | | | | the same, no disclosure of previous bids. |
| adhere to. | | | | 3. Online coin auctions |
| Basically, there are three types of coin collecting | | | | This type of auction is popular because when |
| auctions. These are: | | | | bidding on a particular coin the bidder is able to |
| 1. Auctions through mail bidding | | | | see what the coin looks like. Greater interaction |
| In this type of coin auction, the seller will advertise | | | | between the seller and the buyer may also be |
| and publish coin auctions through the mail. This is | | | | achieved as the seller can instantly contact the |
| highly beneficial for people who want to participate | | | | bidder for important information. |
| in the activity but cannot attend the event | | | | The only drawback to this kind of coin auction is |
| personally. | | | | that through the Internet, others can deceive a |
| Usually, the seller has a mailing list available and it | | | | coin collector into believing that what they see on |
| is used to send catalogs that contain the | | | | the screen is exactly the same item that they |
| descriptions and pictures of the item(s) to be sold. | | | | are bidding on. |
| At times it may contain the starting bid amount | | | | All of these things can provide you with the best |
| and other pertinent information. | | | | ways of obtaining the best coins available on the |
| The seller's mailing list, the catalogs, or brochures | | | | market. Just try to stick to your bidding budget. |
| are sent out to the potential bidders. These lists | | | | |