Buying on NumisBid is easy and provides the fairness of bidding of a live auction with the availability and ease of an on-line auction.
Bidding takes place both in the form of proxy or pre-auction bids which can be placed at any time up until the auction date, or via live bidding through our on-line auction platform.
Proxy bids are bids placed before the live auction begins and are an instruction for us to try to win the item for you at or below your proxy bid amount. For example if you bid $100 and the second highest bid is $60, you will win the item at $65 (one step above the second highest bid). Your proxy bid even works in the live auction with us bidding on your behalf in competition with live bidders to try to win the item for you at the lowest possible price.
Our live bidding works just like a regular English auction where bidders compete by placing bids and whoever offers the highest amount wins.
Coins and banknotes on NumisBid are sold on by dealers and private collectors and are all covered by the NumisBid guarantee. This means that any individual coin you buy on NumisBid is:
Coins that are not graded are only guaranteed genuine unless otherwise stated.
Group lots and accumulations are only guaranteed to reasonably represent the item description.
For more information on our Buyer Guarantee, click: Buyer Guarantee.
The grading standards used for uncertified coins on NumisBid represent how coins, in the opinion of the seller, would grade if they were sent to either PCGS or NGC for third-party certification.
For more information, please click here for the PCGS Grading StandardThis document is constantly revised based on how our understanding of how Australian law applies to the collectable markets. It may be revised at any time. For any purchase, the applicable guarantees are based on this document at the time of purchase, or the applicable Australian Consumer Law guarantees, whichever greater.