Some terms of service, as these from one Proxibid auction (click to expand)–yes, all these restrictions from one house–are so stacked against online bidders that one has to wonder why the company is paying online fees.
Believe it or not, we have won great coins from this house. We waited until the last dozen lots or so, when everyone else had spent their funds–easy to do with a 22% online fee–and low-balled bids. (We’re not recommending this practice anymore especially since then this house has switched to seeing all maximum bids and ghost bidding lots.)
Have you ever encountered such service terms on Proxibid? If so, how have you responded? Let us know!
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.