Some Proxibid auctioneers selling coins are still reluctant to show obverse and reverse of coins with clear, expandable pictures and 15% or lower buyer’s fee. It’s time those houses met their competition. (Click picture to expand.)
In today’s questionable economic and stock market climate, coin auction houses not only compete for top consignments but offer the numismatic public the best possible conditions for Internet bidding. Teletrade remains one of the best such houses, conducting several coin auctions per week and a special one on Tuesdays–no reserve, $1 bid increment sessions–featuring lots slabbed by top companies PCGS, NGC, ANACS and IGC.
Experienced coin buyers know that prices are consistently lower on Teletrade without the buyer’s fee than on almost all Proxibid coin auctions. For instance, common uncirculated Carson City Morgan dollars sell on Teletrade for about $180 as opposed to $200+ realized prices on Proxibid, with quick professional Teletrade shipping and points awarded for free items from its “Gold Rewards Vault.”
Proxiblog does business with Teletrade and several top-ranked Proxibid auction houses. Only a few of our top 10 compete regularly with the big houses, primarily because they meet or exceed Honor Roll standards and provide excellent photography and complete lot descriptions.
Check out the new photographic standards of our top-ranked house this week, Weaver’s Signature Coin and Currency Auction, showcasing a doubled-edge lettered John Adams dollar. (Click picture to expand.)
Weaver’s Auction knows it has to compete with Teletrade, Heritage, and other up-and-coming houses–several popping up on Proxibid, by the way–and so goes out of its way to provide online a genuine auction house experience that the major houses lack, using Proxibid’s bidder application window.
Proxibid has other advantages, including professional customer service, proactive sales team guidance and state-of-the-art technology. Use those attributes to their advantage by adhering to Proxiblog standards and figuring out ways to exceed them to take on the major houses … and beat them.
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.