We grow weary with seeing so-called auctions like this on Proxibid. Coins open at or near retail. Buyer’s fee is high. Auctioneer sees maximum bids and can shill bid at will. These aren’t auctions. They’re online coin stores.
This auction company routinely opens at or near retail, charges a higher buyer’s fee, sees maximum bids and can shill bid to raise the price higher. Why are these so-called auctions on Proxibid?
We recommend against bidding with any company that sees maximum bids and allows auctioneering or consignor bidding. There are plenty of real auctions on Proxbid, in which there are no reserves, low opening bids, low buyer’s fee and good shipping. We don’t list any auction that sees maximum bids or allows shill bidding in our top rankings in the right sidebar.
If you want to patronize auctions like the one above, we recommend against Proxibid and for Heritage, Teletrade and Great Collections. They offer superior service, especially shipping. The same coin below sold recently at Heritage very near the above company’s opening bid.
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.