NumisBid's origins began in 2004 when Walter Eigner began selling coins on eBay in July of 2004. Within a short space of time, he built a strong and stable reputation on the platform. Leveraging this reputation for accurately graded coins, Walter built Walter Eigner On-Line Coin Auctions coin auctions in 2006 which was later rebranded as NumisBid in 2008 with a vision to create a low-commission marketplace for rare Australian coins with the same guarantees that you would get from any auction house or dealer. In 2011, NumisBid migrated to a no-reserve auction model specialising in PCGS and NGC certified coins. This helped guarantee our vendors' coins would sell while achieving strong prices thanks to the certainty of quality afforded by third-party certification overcoming the main hurdle of grading from photos inherent to on-line coin trading.
In 2013 NumisBid incorporated as Walter Eigner Pty Ltd which in turn became a PCGS registered dealer. Over 50,000 coins have passed through NumisBid including key Australian rarities such as 1930 pennies in AU50, XF45, and VF35, an 1855 Half Sovereign in XF45, the finest known Roman 'I' 1864 Half Sovereign (PCGS MS63), the finest known 1881-S Half Sovereign (PCGS MS63), and the finest known 1935 proof penny and half penny pair (PCGS PR66RB and PR66RD respectively).
NumisBid holds a strong stance against fake or doctored coins and will not sell modern fake coins under any circumstances while contemporary counterfeits will be clearly declared as they can be collectible in their own right. We will always inspect uncertified coins for signs of doctoring and declare when any anomalies are detected. Despite its popularity with competitors, NumisBid believes it is unethical to collect a commission from both buyer and seller due to the inherent conflict of interest in representing two parties. Thus, NumisBid does not charge any Buyer's Premium. Learn more about buying on NumisBid.
In 2024, NumisBid moved to a direct listing model where approved sellers can list their coins directly on NumisBid without having to ship the coins to us further decreasing margins between buyers and sellers. Buyers are still protected from fake and misdescribed coins through a combination of strict seller approval and regular checks on listings by trained numismatists. Learn more about selling on NumisBid.
It is through these values and support from the collecting community that we have managed to create the first successful on-line coin auction house so that all collectors can trade coins without the high commissions associated with our competitors.