GreatCollections News (256)
All the latest news about GreatCollections, including Press Releases.
Just joined GreatCollections? Here you will find out useful information for new members.
Learn everything you need to know about bidding and buying coins and numismatic products through GreatCollections
Learn everything you need to know about selling coins, bullion and other items through GreatCollections
Learn everything you need to know about notification, form of payments accepted and shipping informations
Information about My Account at GreatCollections and general Membership questions.
Our Services (3)
Learn more about all of the services we offer at GreatCollections, your full service auction and discounts
Throughout our listings, there are abbreviations about coins, such as VAMs, Overton numbers, pedigree
Learn more about how to contact us regarding our website and coins being offered.
What is the difference between auctions and "Buy Now" items?Most items listed on GreatCollections are either for auction or instant "Buy Now".
Ian Russell on Wed, Mar 23, 2011 10:50:48 AM
Auctions: These items have a minimum bid and an end time when bidding will stop. You may place a bid at or above the minimum bid stated and the winning bidder is awarded the item at one bid increment above the second highest bidder.
Buy Now: These items are at a fixed price and are available for immediate purchase. Just click on the "Buy Now" button and you instantly win the item for the Buy Now price.
Auction and Buy Now: Some items have a Minimum Bid as well as a Buy Now price. You have two options here. One, you can Buy Now, and the item is yours at the Buy Now price. If you prefer the auction route, you can place a minimum bid (which is usually cheaper than the Buy Now price) and the item is an auction until the end time. Note, as soon as someone places a bid on the item, the Buy Now option disappears.