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How To Bid For Coins and Currency
"Track And Bid" At This Site
"Track and Bid" allows you to follow the bidding activity on specific lots
during an auction and allows you to place interactive and maximum bids.
- Click on the "Browse Catalogs" button from the menu bar to view
upcoming auction catalogs.
- Select "All Lots" or "Imaged Only" for the auction which is in
progress or upcoming auctions.
- Select the lot(s) that you wish to track by clicking on the lots' "Track"
check box. You can also choose a single lot to jump directly into the
auction by clicking on the underlined description, or link, of the specific lot,
which will take you to the lot's specific page. At this point, you can add the
lot to your personal bidding/tracking list by clicking on the "Track this lot" button. In this case, skip to step
#7 below.
- After you have selected all the lots you wish to track for that page, click on the
"Track" button to place them into your personal bidding/tracking list. Before you move to another page, you must
click on the track button at the end of the page to have the lots added to
your personal tracking list.
- You may continue to choose lots to track from other pages of this auction by clicking the "Next Page"
link and beginning the selection and submission process for that page.
Similarly, you can navigate to other auctions and select lots from them,
up to a maximum of 75 lots into your personal tracking list. You can even
add lots to your tracking list through our site's sophisticated search
function, available by clicking the "Search Catalogs" button at the top of
each page.
- When you have finished adding lots to your personal tracking/bidding
list, click on the "Track and Bid" button from the menu bar to enter an
auction in progress, and/or to place Maximum Bids on future auctions.
- If an auction is in progress, you have the option of interactively
bidding by checking the "Next Bid" boxes. You may also place maximum
bids right up until the end of the auction at 10:00 PM ET.
- When you have made all of your bids, click on "Submit Bids".
- A confirmation screen will appear, asking you to verify your bidding activity on
the selected lots. Click "Confirm Bids" to have your bids recorded.
Please Note: You may also create your personal bidding/tracking list by
manually entering the Auction number and lot numbers. Just click on the
"Track and Bid" button and click on "Add Lots to your List".
Return Policy
LIMITED RETURN POLICY. Teletrade offers this return policy as a service to its client, however, Bidders who excessively return coins may result in having their bidder account canceled at Teletrade's sole discretion. The Bidder will be notified in writing with a warning prior to account being canceled. Subject to the terms contained herein, any Bidder may return any lot purchased for any reason by shipping the same to Teletrade by Registered Mail within seven (7) calendar days of Teletrade's shipment (evidenced by Bidder's postmark). Upon the expiration of seven (7) days from the date of Teletrade's shipment, all rights of return shall expire and no returns will be accepted. All rights of return will terminate and be void if (a) payment is not made when due, time being of the essence; (b) the returned coins are not housed in their original, sealed and unopened containers in the same condition as when shipped by Teletrade to Bidder; (c) payment by check does not clear on the first deposit; (d) payment by credit card is refused; (e) Bidder has had an opportunity, personally or through an agent, to view the coins; or (f) the coin is offered to the public for re-sale in any manner, whether by auction, online, at a coin show, at retail, or otherwise. In no event does Teletrade refund postage and handling charges, nor does it reimburse Bidders or Consignors for postage used to ship coins to Teletrade. A return handling fee will be deducted from any refund for a returned lot calculated as follows: Five Dollars ($5.00) plus five percent (5%) of winning bids equaling Two Hundred Dollars ($200.00) or less; Ten Dollars ($10.00) plus five percent (5%) of winning bids in amounts in excess of Two Hundred Dollars ($200.00). Teletrade does not maintain running accounts for Bidders. Therefore, refunds from previous auctions may not be applied toward the balance due on a current auction.
Bidding by Phone
- During auction hours DIAL OUR TOLL-FREE BIDDING NUMBER (800-332-5040) and ENTER YOUR
ID NUMBER by pushing buttons on your touch-tone keypad. You will then be prompted to enter
a security code.
- The computer will ask you for the first lot number you are interested
in. ENTER THE LOT NUMBER on your phone. You will hear the current bid. To
move to another lot, enter a new lot number.
- TO "UP" THE BID, PUSH THE "*" BUTTON (lower left hand button). The bid
is automatically raised according to Teletrade's standard bidding increments,
as shown below. This is like raising your hand on the floor of a live
auction. You do not enter a bid amount.
| Current Bid | Increment |
| Up to $42 | $3 | | $45 to $95 | $5 | | $100 to $250 | $10 | | $260 to $380 | $20 | | $400 to $975 | $25 | | $1,000 to $2,450 | $50 | | $2,500 to $4,900 | $100 | | $5,000 to $9,800 | $200 | | $10,000 to $24,500 | $500 | |
| Current Bid | Increment |
| $25,000 to $49,000 | $1,000 | | $50,000 to $98,000 | $2,000 | | $100,000 to $245,000 | $5,000 | | $250,000 to $490,000 | $10,000 | | $500,000 to $980,000 | $20,000 | | $1,000,000 to $2,450,000 | $50,000 | | $2,500,000 to $4,900,000 | $100,000 | | $5,000,000 and over | $200,000 |
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- If you do bid, the computer will repeat your bid and the lot number and
ask you for confirmation. LISTEN carefully to the computer. You CONFIRM BY
ENTERING ANOTHER "*". The computer will respond, "bid confirmed". No bid is
recorded until it is confirmed. Now you can proceed to another lot or hang
up. Once a bid has been confirmed, it cannot be removed. Due to heavy
calling at times the computer may take a moment to respond to your bid or
your confirmation. Be patient. Do not push the "*" button again.
- When you are finished bidding just hang up. You may call repeatedly but
you should have a list of lots you are interested in. Although we encourage
you to search the lots for good values, we have to limit the number of
inquiries for those not bidding. The computer provides more inquiry time to
active bidders.
- During the auction you may check to see if you are still the high
bidder on any lots by entering your ID number and then the "#" button after
being prompted for a lot number.
- To CHECK YOUR RESULTS, call the computer anytime from 15 minutes after
the end of the auction (not before) until midnight (Eastern) and simply
enter your ID number. You will be told what lots you have won and how much
you owe, including commission and postage and handling. To get this
information from the computer after the day of the auction, you must
select "Customer Service" and then enter option 1 and the auction number
when asked. CHECKING YOUR RESULTS ON THE COMPUTER IS REQUIRED AS NO
INVOICES ARE SENT.
- Within two business days of the auction, SEND YOUR PAYMENT to
18061 Fitch, Irvine, CA 92614-6018. Write your ID
number and the auction number on your check or money order. No other
identification or correspondence is necessary. Please note that the
return privilege is voided by late payment.
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