Bidding with Confidence

We’ve all heard the auctioneering phrase, “Bid with Confidence!” There is no greater feeling than placing a high maximum on a coveted coin in an auction you can trust.

We seldom share our organization’s bidding experiences, but we’re making an exception today in the hope that other bidders feel what we did upon seeing auction results this morning

Yesterday, Proxiblog bid on several coins in the March 13 Weaver Signature Coin and Currency auction, winning 8 of 11 under maximum bid. But we knew that going into the session because we have bid on Weaver auctions for more than two years. However, we also won several lots significantly under maximum bid in a new auction we have begun patronizing, Brian’s Auction Service of Vandalia, Ill.

Because of that confident feeling, we just breezed through two upcoming Weaver auctions, on April 26-27, bidding high because we trust our consistent under-maximum results. We’ll be looking for future Brian Auctions (and encourage him to lower his current 16% online buyer’s fee to 15% so he can be listed on our Honor Rolls).

And then there’s this: Later tonight we’re looking forward to another auction by top house Western Auction of Cheyenne, Wyo. We’re also testing another new Proxibid auction already on our Honor Rolls, featuring a 15% online buyer’s fee with good photos and reasonable shipping. We’re hoping to see under maximum bids there, too. If not, we’ll just not bid there anymore. If so, we’ll be a return customer.

We hope the hundreds of Proxiblog regulars, both bidders and auctioneers, consider the importance of the phrase “Bid with Confidence!” We also hope certain houses drop the practice of seeing maximum bids and allowing consignor bidding. True, we still patronize those auctions and include them in our rankings; but we take our time with bids, even when those houses have sold under maximums (and many do). We look up auction prices on PCGS Coin Facts (a must for serious bidders) and carefully figure out buyer’s fee and shipping charge. Result? We bid on fewer lots (otherwise, it just takes too much of our time).

That’s called “Bidding with Caution.” We’ll take “Bidding with Confidence” any day!

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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