This is a Liquidation?

We bristle every time we see this particular Proxibid house announcing a “liquidation!” … only to see many opening bids at or above retail prices with an 18% buyer’s premium and $1.75 handling fee per lot plus shipping.

Case in point: Here’s the PCGS retail price for an MS62 1898 Morgan dollar: $52, on a good day.

1898MS62

This Proxibid house opens with a bid of $58, $6 over retail. When you add buyer’s premium and shipping and handling, you’re paying $78.19.

1898MS62_Proxibid

At my local coin shop, I can buy the same coin in a PCGS holder with $26 left to spare, enough for a 2013 Silver Eagle.

Proxibid has lots of top sellers who embrace the auction experience. See our favorite sellers in the right sidebar.

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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