We tire of seeing new houses on Proxibid inflating coin prices and believing that bidders will pay them. That’s not the way to win return customers online because sooner or later the buyer will be informed about the overpayment and then hold the lack of honesty against you. Our top houses to the right understand that. Time the newbies to Proxibid did, too!
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The lot below gives ridiculous price ranges of $1500-$3000 for $150-$200 worth of common silver proof half dollars. Advice: Anyone who believes this should compare prices at the local coin shop.
This common Morgan dollar retails for $68, not $269. Easy to check as the coin has a certification number.
You can do the same with PCGS slabs. This common time is said to have a retail of $150–expected hammer price (quite arrogant, we think, for any online auctioneer to state; if there’s a reserve, post it!). Coin’s worth $41.
This is how it’s done. See this lot by SilverTowne Auctions, putting a price hundreds below what an almost uncirculated 1875-S twenbty-cent piece would cost.
Lesson: Be honest. It’s the best practice.
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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