Portal Competition

One of our top houses, Silvertowne, is spurring competition–not only by offering buyer’s rebates on its already Honor Roll standards but also discounting fees for gold in its upcoming “Rare Coin Auction”… and all on iCollector, too.

Proxiblog fosters competition in the auctioneer tradition, so we are pleased to hear about top-house Silvertowne Auctions scheduling an Oct. 26 noon special sale on competitor iCollector.

Silvertowne not only sent an email blast in top advertising fashion, such as Weaver Coins specializes in (click here to see sample), but also used the digital version of the sale for postcards labeled “Rare Coin Auction October 26 Noon.”

Silvertowne offers a 10% rebate on purchases of all $20 gold or any gold item of 1 ounce or more. All other purchases purchases from the sale get a 5% rebate, matching 10% buyer’s fees from Western Auction (among the lowest on Proxibid).

Proxiblog, as its name suggests, previously had bid only on the Omaha-based company’s auctions primarily because of exemplary customer service whose representatives remain among the best in the business. However, as all manner of new rules and oversights have been imposed, from bid retractions to bidder identifications, with little discretion left to customer service representatives, we might as well start bidding on iCollector, too … especially when there are sales such as this.

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.


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