Teletrade Review

Teletrade is an auction website specializing in coin and currency auctions. Any user can browse upcoming and current auctions, although you need an account to bid or post items for sale. Free account registration is open to both United States and Canadian residents, and requires only a valid email address. Registration can also be made over the telephone. Over 175, 000 accounts have been registered at Teletrade, making it an active coin auction site. Auctions on Teletrade are easily searchable by material (copper, silver, gold) and are further subclassified by type of coin (silver dollars, small cents, large cents, etc.). In addition to coin auctions, Teletrade also offers price guides to suggest bidding and starting bid ranges for coins based on their material, date, manufacturer, and condition. Teletrade also helpfully provides buying prices for recently auctioned coins, so you can choose bidding prices wisely based on up-to-date market value.

The auction pages on Teletrade are well formatted and easy to follow. The action search page brings up a list of results, as well as options to sub-categorize your results for more specialised coins. Each item up for action has a separate bidding page, with a description of the coin’s history, as well as the condition of the coin itself. Each page includes a picture of both sides of the coin within a plastic case, so you are able to assess the condition and authenticity of the coin.   The bidding section of the page allows you to enter a max bid, as well as track your auction to see if you have been outbid. Payments accepted are Paypal, as well as major credit cards.

For regular bidders at Teletrade, their Gold Rewards customer loyalty program allows you to earn points for each successful bid. Rewards can be redeemed for perks such as future discounts, free shipping and free coins.