Weavers Set Lowest Coin Buyers Fee

Dave and Cheryl Weaver continue to raise the bar on Proxibid coin auctions, understanding how to spark competition among onsite and online bidders and unafraid to innovate–a strategy that brings them top consignments, more business and satisfied customers … including Proxiblog.

Up until six months ago Western Auction had the lowest online coin buyer’s fees on Proxibid at 5%. Western raised its fees to 10% but still remains one of our favorite Proxibid auctions, known for quality consignments, sharp photography, inexpensive shipping … and happy returning customers. Weaver’s Coin and Currency at the time was charging 17% buyer’s fees with good photography and great customer service, including knowledge about numismatics.

The Weavers followed our advice as early as May of this year, when we wrote in this post:

    “If you are selling a $20 gold bullion piece, for instance, and the gold price is $1400 per ounce, your onsite bidders will pay that much usually with no fee but your online ones–the very people you are trying to reach–will have to pay $1642 for the same coin at $242 over melt (plus postage and handling, or $270 more) for the same item.”

They updated photography to one of the best on the portal and lowered buyer’s fees to 14% (rare coins), 10% (small gold) and 5% (large gold). Moreover, the Weavers mastered online advertising basics, featured in this post.

Now, in this new advertisement–as concise as any professional agency’s–the Weavers will match Western’s 10% with 5% on gold. Their next auction is scheduled Nov. 15, and we’re spreading the word to local coin clubs and bidding friends to compete for yet another great consignment featuring ancient coins, US and World rarities and lots of gold.

Hats off to the Weavers for continuing the great competitive tradition of auctioneering!

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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