Several coin auctions on the portal are offering mint sets, bullion and other like items. Bidders only have a limited amount of time on the portal. This week we bid on bullion in Liberty Shops Auctions, the same item, over and over, taking between 30-33 seconds for each lot. That took away time that we had reserved for other auctions.

We had the maximum bids for about an hour. Then someone outbid us. The choice was to dedicate another half hour to increasing bids or abandon the task.

We abandoned.

Time is money, especially when you are selling money.

Security is important, but this has become obsessive. Why not put a warning on multiple bid placing, add it to the Unified User Agreement, and let us worry about placing wrong bids or asking for retractions. Proxibid already has policies on that.

Moreover, slow bidding on like lots is costing auctioneers bids because one has to decide to bid on like lots one at a time (or rebid later) or skip that and go for choice lots on other portals.

It seems a shame that the new Proxibid Live! is programmed for speed, but regular bidding isn’t.

As Proxibid auctioneers have increased the quality and size of their digital photos, which we fully support, Proxibid has to work on quicker secure bidding. Otherwise, bidder and auctioneer will be the losers with ever slower bid confirmation currently on the portal.

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.