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Any Experience With Proxibid Auctions?

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moxking's Avatar
United States
17900 Posts
 Posted 11/05/2016  12:11 pm Show Profile   Bookmark this topic Add moxking to your friends list Get a Link to this Message Number of Subscribers
Hey All,

I usually try to keep between 30-50 coins on my want list. That gives me enough to look for that I'm likely to find something on a regular basis and keeps me from making the bad decision of "just filling the hole". At the same time, I always have all of my purchases going toward some goal, not just random purchases.

Right now I've sunk down to only having 12 coins on my want list, and before I start a couple of new goals I have, I know I really have to finish those 12 or they will likely never be purchased as they do not come up for auction terribly often.

With all that said, I'm already familiar with most of the places to look for nicer coins. ebay on a rare occasion, Great Collections for mid-level coins, Heritage for mid-to-high value, and most of the dealers through NGC and PCGS listings. But it's been a month and I haven't found a single one of those darned 12 coins.

So I wandered on to Proxibid and there were 4 of the coins I need listed by someone. I see the Buyer's Fees are high, but that doesn't matter since you only have to divide to figure your actual high bid. I see there is something of a ratings system, and I see you really have to watch the shipping costs.

I also realize it depends more on the seller than on Proxibid, as to a customer's satisfaction. So I'm looking to see if anyone buys through Proxibid, and if so, what companies you may have had good or bad luck with.

As an idea of what I'm looking for (and I'm picky on eye appeal, not just the stated grade), the four I spotted on Proxibid were a 1935-S Peace dollar MS-65 PCGS, 1935-D Walking Liberty half MS-65 NGC, 1940-D Washington quarter MS-66 PCGS, and a 1937 Buffalo nickel MS-67 PCGS.
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BuckeyeCoinGuy's Avatar
United States
711 Posts
 Posted 11/05/2016  5:29 pm  Show Profile   Bookmark this reply Add BuckeyeCoinGuy to your friends list Get a Link to this Reply
No experience personally.

Have heard a dealer friend mention them once before though.

Just a mention, but not a negative one at least.


I like your focused strategy too.

Not a date / mint mark set collector, more of a type guy so it is always easy to find something.

Too easy being the problem.

Going to try and come up with a more specific wish list now as that seems like a fun thing to do while waiting on the Buckeyes vs Nebraska to kick off at 8pm eastern time. . . .
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BStrauss3's Avatar
United States
4594 Posts
 Posted 11/05/2016  5:29 pm  Show Profile   Bookmark this reply Add BStrauss3 to your friends list Get a Link to this Reply
I've bought from them once successfully.

What you've missed is that they aren't a single auction house. They are a middleman delivering your bids to the actual auctioneer.

I'd suggest (like with ANY site), you read the user agreement carefully (https://www.proxibid.com/asp/Unifie...greement.asp

-----Burton
50+ year / Life / Emeritus ANA member (joined 12/1/1973)
Life member: Numismatics International, CONECA
Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club
Owned by three cats and a wife of 40+ years (joined 1983)

Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/
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BuckeyeCoinGuy's Avatar
United States
711 Posts
 Posted 11/05/2016  5:30 pm  Show Profile   Bookmark this reply Add BuckeyeCoinGuy to your friends list Get a Link to this Reply
Have you looked into the Euro auction houses?

With the relative strength of the dollar versus the weakness of the euro deals can be had, in particular in the ancients market it seems.
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BuckeyeCoinGuy's Avatar
United States
711 Posts
 Posted 11/05/2016  5:32 pm  Show Profile   Bookmark this reply Add BuckeyeCoinGuy to your friends list Get a Link to this Reply
Good catch Burton.

If you can find the auction they are linking you to, you might be able to shave off some of that buyer's fee even.

I've encountered that opportunity more than a few times when buying various pieces of lab and industrial machinery.
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moxking's Avatar
United States
17900 Posts
 Posted 11/06/2016  09:06 am  Show Profile   Bookmark this reply Add moxking to your friends list Get a Link to this Reply
"I also realize it depends more on the seller than on Proxibid, as to a customer's satisfaction."

Yes, I do realize, as stated, that this is much like ebay in the Proxibid is the site and the individual seller is the one you are purchasing from.

Thanks for the comments thus far. I do appreciate them.

I've collected nearly every type of coin or token at some point in my life, and this is the LAST collection of any kind that I intend to assemble. I've returned back to the good old US issues which were the very first coins I ever collected.

I've decided to add in my next group of non-date specific early type I want to work toward, even though I'm too far from that goal to really consider it a finalized version of that want list.

I was almost tempted by a "buy it now" at too high a price. Its time to expand my want list or I'll become too jittery about going without a coin "fix" for over a month.
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BStrauss3's Avatar
United States
4594 Posts
 Posted 11/06/2016  09:30 am  Show Profile   Bookmark this reply Add BStrauss3 to your friends list Get a Link to this Reply
So what you need is something to collect that is a big set, inexpensive, but not common. So you can look at sites w/o too big a temptation.

Something silly, like PCGS Flag holdered State Quarters in MS68
-----Burton
50+ year / Life / Emeritus ANA member (joined 12/1/1973)
Life member: Numismatics International, CONECA
Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club
Owned by three cats and a wife of 40+ years (joined 1983)

Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/
Rest in Peace
moxking's Avatar
United States
17900 Posts
 Posted 11/06/2016  10:08 am  Show Profile   Bookmark this reply Add moxking to your friends list Get a Link to this Reply
That's actually a darned good suggestion, and I appreciate it.

I collect date sets, not series, and I'm trying to finish off the very last coins I need to complete my 1935-1964 sets of all mints in mint state, rather than proof.

I know it would have been better to start at 1934 as it was the first possible non-gold date, but I absolutely cannot fit another page in my Album #6 which encompasses that date range.

I like being able to sit back and "flip" through my self-made binders and I do enjoy seeing the coins as they are all grouped together by dates of issue.

But your suggestion of going off in the woods to beat the bushes for something out of my normal collecting range is tempting. The only problem with that is that I know how easily it is to get side-tracked, and then my goal oriented collecting goes out the window. Next thing I'd be collecting Civil War tokens again, World Crowns, and Roman Republic. Temptation is waiting to eat me....I must avoid it...
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