Best Penny auction Websites: Don’t get scammed by penny auction websites!

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Best Penny Auction Websites was created by real bidders, for real bidders of entertainment shopping penny auction websites. It is designed to be a sort of haven for competitive shopping addicts, whether they are casuals bidders, enthousiasts players or professional retaillers. For more details visit http://www.icollector.com/Coins-Paper-Money-Auctions_aca11116

We have stumbled across legitimate pay-per-bid, penny auction sites where we have gotten some pretty good deals. On the flip side, unfortunately, we have also lost quite a bit of money on penny auction sites that have a very difficult chance of winning as well as been scammed and ripped off by other malevolent penny auction sites.

We are dedicated to pointing out:

  • interesting new
  • scammers
  • honest websites
  • real costs of penny auctions
  • real winners
  • real bidders
  • penny auction strategies

We are going to provide you with relevant information:

  • penny auction sites comparison
  • real reviews with criteria that matters to you
  • ways to find out if a website is reliable or not
  • tools to find out what safe penny auction websites are featuring the products you need.

Penny Auction Strategy

Penny Auctions are one of the latest trends on the internet, popular because the winners often win fantastic products at 95%+ off the RRP. However penny auctions are not just a game of luck – although luck plays a part, skill and analysis must be used if you want to win on a regular basis and ensure you get the most for your bids.

Value of the Products
The first thing to consider is the value of the product you are bidding on. Things you need to consider are:What are the shipping and processing fees for the auction (these should be clearly labelled on the auction itself)?
- What is the true RRP of the product, i.e. what is the cheapest that you could buy it for if you weren’t bidding for it?
- Are there any Paypal fees to pay?

Once you have worked out the true value of the product you know what your bid limit should be.
Popularity
When looking through penny auctions, take a look at the penny auction site’s history. Usually, penny auction websites will show how much some of their previous penny auction products have been sold for. From here, you can see what the most popular products are. The more popular a product is, the more people and bids the product is likely to attract. Therefore it makes sense to target the less popular products as you will have a better chance of winning the penny auction for a much lower price.

Times of Day
If you can, study when the most popular times of day are for people bidding. If a penny auction website is offering the same product in two different auctions at two different times of day, it is better to choose the auction which is at the less popular time of day as this means there is less competition and you have a better chance of winning for a lower price.

Tips For Collecting Old Money

One of the most common hobbies is collecting money. Many people have enjoyed this activity for decades and money collecting is thriving even today. As a hobby, collecting money means collecting old money. Otherwise, we are all trying to collect money before the bills come. However, do you know how many people collect old money, antique notes and coins from previous decades and even centuries?

Coin collectors are much more common than old money collectors of the paper variety, though the latter are still quite active and manage to find some rare items occasionally. That paper variety may include pre US colonial currency, money from the beginning of the 19th century, currency from the Confederate States of America and also some souvenir cards of old money as the money itself are almost impossible to find and twice as hard to purchase.

If you are keen on collecting old money you will probably know that a collector’s item of old money is called fractional currency. I was really intrigued when I learnt that during the Civil War the United States began printing 50 cents, 25 cents, 15 cents, 10 cents and 5 cents paper money as they run short on change. Now such weird banknotes are highly desired by any true collector.

There is also other interesting fractional currency which is much sought after. These are private banknotes from the 1800s. Before the US government created a national banknote there were some banks issuing their own money without government backing. However, it was not long before these banks were closed down and the banknotes were counterfeited and altered.

Once the national bank system was established, privately issued bank money was declared to be illegal. Ever since US government money was issued it has retained monetary value. However, it is not the same case with the obsolete old bills from closed banks and this is the prime reason why these banknotes are worth finding. Actually private banknotes from the 1800s have remained an interesting item for collectors throughout the centuries.

It is pretty evident that a lot of old money has significant value nowadays. It is true that casual collectors cannot afford to have any authentic old money and notes from the 1800s and early 1900s as their value and consequently price are too high. That’s how collecting souvenir cards are becoming more and more popular. Having them you can collect a piece of history without actually paying a high price for it.

If you are wondering where you can find old money, you probably won’t like my answer. It is really difficult to find old money. Of course, you might still be able to collect a Thomas Jefferson two dollar bill, but those antique coins and notes you are seeking won’t be easily found, nor purchased. The easiest way to satisfy your desire to collect old money is through dealers, collectors, auctions and old money paper shows.