After a short break, we’re publishing again–showcasing a new Proxibid client. Our audience is growing–thanks to new subscribers and Honor Roll auctioneers meeting or exceeding our standards–15% or lower buyer’s fee with clear, expandable pictures of obverse and reverse, as well as inexpensive, quick shipping.
Shortly before we went on hiatus, Proxiblog registered with Krueger Auctions. Soon after, we received this email:
Thanks for registering for the Krueger & Krueger Coin & Currency Auction at Madison, WI on July 17th. Here’s a bit of good news for all early registered Bidders: On-Line Buyers Fee is just 5% … Not 15%! We hope that is OK, with you!
Proxiblog’s excited about Krueger–not only because of the low buyer’s fee–but also for the knowledge of numismatics and a wide array of choice consignments. New to Proxibid, as there are no archived auctions for this house, Krueger is doing everything right, with clear pictures and accurate lot descriptions, such as this 1921 Peace Dollar accurately graded as extremely fine with a helpful notation about cleaning. (Click to expand.)
Reviewing the past week on Proxibid, we’ve noticed many enhancements on the portal, especially its new bidder application, which immerses Internet clientele in the auction experience while allowing multitasking during live sessions.
However, even in a few of our Honor Roll companies, as well as several other houses with lesser standards, we’ve also seen a disturbing trend to set opening bids way above retail, which typically results in “passed” lots and disappointed clients who may decide not to be returning ones.
Watch for a new post on that next week!
As more dealers and coin-consigning houses join Proxibid, rapidly becoming known for coin and currency auctions, competition will become more intense, requiring auctioneers to know more about numismatics while living up to high customer-service standards for which this particular portal has become known.
Proxiblog is an independent entity with no connection to the auction portal Proxibid. Our intent is to uphold basic numismatic standards as established by the American Numismatic Association and the National Auctioneer Association and to ensure a pleasurable bidding experience not only on Proxibid but also on similar portals such as iCollector and AuctionZip.