| Many people enjoy shopping online where there | | | | there is a great risk of fraud where there is |
| are great buys of coins that can be found. A | | | | negative feedback, the person may withdraw |
| person may prefer do his shopping while he is | | | | his participation from the auction if he |
| at home because it is convenient and | | | | deems that to be necessary. |
| time-saving instead of going out looking for | | | | |
| stores that sell collectible coins and other | | | | A person may also acquire ideas by looking |
| souvenirs. | | | | for those members who have left "positive |
| | | | feedback" and compare it to the reaction of |
| A person can differentiate between a live | | | | the sellers. A person can make an assessment |
| auction and an Internet because an online | | | | of what could be possible useful information |
| auction can take several days to complete. | | | | from those reactions. Be careful and precise |
| They entertain bids for the highest price up | | | | about any transaction that is offered by the |
| until the time the auction is about to | | | | seller. |
| close.. Many people that are bidding online | | | | |
| enjoy the experience and they may be familiar | | | | There are instances where a person is |
| with the strategies to use to win an online | | | | deceived about the item he purchased. The |
| auction. | | | | photo shown on the Internet displayed the |
| | | | coin that a person wants to have but they |
| There are also online sites where a person | | | | delivered a totally different item. These |
| can buy any item that may capture his | | | | cases are fraud. A person must make sure that |
| interest. This is where most coin collectors | | | | the item he saw on the photo is the exact |
| purchase their desired coins. By searching | | | | item that will be delivered to him. Here are |
| and finding the item that they want, they can | | | | some tips that will help a person prevent |
| actually negotiate and make the payments | | | | fraud during a coin search in the Internet. |
| through the Internet. This can be very risky | | | | |
| as you are dealer/seller that is unknown to | | | | 1. A person should save the online photo of |
| the buyer, yet many people are still making | | | | the coin he wants to purchase. Many sellers |
| transactions and payments through this kind | | | | remove the image and the title of the item |
| of online auction. | | | | once a purchase has been made. |
| | | | |
| Fraud is common even though many Internet | | | | 2. A person should get the description and |
| sites that do business online contend that | | | | the auction information. It should either be |
| the risk of fraud is not something to worry | | | | e-mailed to the buyer or sent in writing by |
| about. They contend that only 0.0025 percent | | | | mail. |
| of true cases of fraud occur with online | | | | |
| transactions - that means only one out of | | | | 3. If there are suspicions regarding an |
| 40,000 listed Internet transactions would be | | | | auction, a person should ask for |
| fraudulent. On the other hand, the FBI has | | | | clarification from to the seller. This will |
| their own investigations, which prove that | | | | avoid misunderstandings and confusion on the |
| those figures are not true- they contend that | | | | part of the buyer. |
| the risk of fraud is much higher according to | | | | |
| their statistics. | | | | 4. A person has the right to refuse any |
| | | | transaction where he thinks the price given |
| A person should believe the FBI for his own | | | | on the coin is too high. One should be aware |
| protection. Even if one can say that the | | | | of the standard price of the specific coin |
| majority of online coin selling transactions | | | | and compare it to the price that was given |
| are honest and credible, the process used to | | | | during the online transaction. |
| make the transaction most probably is | | | | |
| questionable and uncertain. There are | | | | 5. A person can ensure that there will be no |
| business transactions, which are | | | | fraud by asking the seller, before the |
| intentionally committing fraud with their | | | | auction closes, if there is any available |
| clients and buyers. Aside from flea-market | | | | escrow assistance for the bidder. |
| dealers, mail-order sellers, in-person | | | | |
| auctions and some coin stores, the Internet | | | | These are only a few tips that will ensure a |
| has introduced the crime of fraud to many | | | | person of his safety when making any |
| people in the easiest way possible. | | | | transactions online. Fraud can happen to |
| | | | anyone, especially those who are interested |
| One protection that a coin buyer should know | | | | in purchasing collectible coins online. It is |
| is how to get "feedback"; that way, a person | | | | always important to be informed and |
| can see the ratings other bidders give the | | | | knowledgeable about the possibilities of |
| seller and he may compare his transaction | | | | encountering fraud. |
| with the transaction of the others. Since | | | | |